Core Viewpoint - Beiken Energy reported a slight decrease in revenue for 2024, but achieved significant growth in key regions, leading to an increase in net profit [1][3]. Financial Performance - The company achieved an operating revenue of 951 million yuan, a decrease of 3.02% year-on-year [1]. - Net profit attributable to shareholders was 4.32 million yuan, while the net profit excluding non-recurring items was 44.93 million yuan, reflecting a year-on-year growth of 13.37% [1]. Market Performance - The Southwest region saw a revenue increase of 14.42%, reaching 533 million yuan, while the Xinjiang region experienced a 23.41% growth, generating 245 million yuan [3]. - The company completed 167 wells and 501 fracturing segments, with a total drilling footage of 291,000 meters [3]. Business Strategy - The company is focusing on stabilizing traditional markets in Xinjiang and Southwest while actively developing new markets [3]. - Beiken Energy is optimizing its business and customer structure, controlling production equipment and workforce size, and enhancing engineering technology and digitalization to achieve cost reduction and efficiency [3]. Expansion Plans - The company is transitioning towards upstream oil and gas resource exploration and development, acquiring 10 lease areas in Alberta and Saskatchewan, Canada, covering 1,510.038 hectares [4]. - This shift is expected to become a new profit growth point for the company [4]. Dividend Distribution - The company proposed a cash dividend of 0.5 yuan per 10 shares (including tax) to all shareholders [5].