记者注意到，顺德农商行近年对外扩张动作频频。财报显示，顺德农商行此前已吸收合并佛山高明顺银 村镇银行，2025年3月18日，该行在佛山高明顺银村镇银行原址改建的高明支行开业。 6月4日，顺德农商行公告称，已于2025年5月29日收到《广东金融监管局关于广东顺德农村商业银行吸 收合并三水珠江村镇银行的批复》，该行将根据相关工作安排，合法合规履行吸收合并相关工作。 7月16日，广东金融监管局官网披露，同意顺德农商行吸收合并佛山南海新华村镇银行、东莞常平新华 村镇银行、广州番禺新华村镇银行、江门新会新华村镇银行。据此前公告，顺德农商行拟将上述4家村 镇银行改建为分支机构。 记者注意到，去年来，顺德农商行对外扩张动作频频，已计划或完成吸收合并7家村镇银行，进一步扩 展经营空间。另一方面，据财报，2024年顺德农商行净利润下降8.5%至31.7亿元，已经连续3年下滑， 不良率连续4年上升至1.61%；2024年，该行董事、监事、高管人员薪酬合计2348.57万元，同比下降 16.3%。7月4日，据深交所公告，顺德农商行及保荐人撤回IPO申请。 吸收合并4家村镇银行获批 7月16日，广东金融监管局发布的行政许可批复显示， ...

Group 1: Business Overview - The company's main business is providing centralized heating services, focusing on steam and electricity since its establishment [1] - The centralized heating industry is characterized by regional competition, with companies primarily operating in industrial parks with heating demands [2] Group 2: Competitive Advantages - The company adopts a cross-regional business layout, covering multiple provinces including Jiangsu, Shandong, Jiangxi, Guizhou, and Hubei, serving various industries such as food, brewing, chemicals, textiles, paper, and pharmaceuticals [2] - The company avoids highly competitive and capital-intensive regions, selecting areas with existing heating demand and growth potential [2] Group 3: Financial Performance - In 2024, the company achieved operating revenue of 1.132 billion yuan, a year-on-year increase of 4.65%, and a net profit of 191 million yuan, up 45.61% from the previous year [3] - The profit increase is attributed to higher steam sales from existing and new customers, reduced financial costs, and improved production management [3] Group 4: Shareholder Engagement - The company has conducted a total of 4 dividend distributions since its listing, amounting to 161 million yuan, emphasizing its commitment to shareholder returns [3] - The company plans to issue up to 39,100,000 shares to its controlling shareholder, raising no more than 385.135 million yuan, primarily for working capital and debt repayment [3]