Meeting Overview - The annual shareholders' meeting of China Aviation Engine Corporation is scheduled for May 16, 2025, at 14:00 in Xi'an [1] - The meeting will cover various agenda items including the board of directors' work report, financial statements, and profit distribution plan for 2024 [3][4] Key Proposals - Proposal one: Review of the 2024 Board of Directors' Work Report [3] - Proposal two: Review of the 2024 Supervisory Board Work Report [3] - Proposal three: Review of the 2024 Independent Directors' Work Report [3] - Proposal four: Review of the 2024 Annual Report and Summary [3] - Proposal five: Review of the 2024 Financial Settlement Report [3] - Proposal six: Review of the 2024 Profit Distribution Plan [3] - Proposal seven: Review of the 2025 Financial Budget [3] - Proposal eight: Review of the 2024 Internal Director Compensation [3] - Proposal nine: Discussion on shareholder return plans for the next three years (2025-2027) [3] Financial Performance - The company reported a profit of 860 million yuan in 2024, a decrease of 39.48% year-on-year [8] - Revenue from the main business segments included: - Aviation engine and derivative products: 44.994 billion yuan, an increase of 10.03% [8] - Foreign trade export subcontracting: 2.074 billion yuan, an increase of 6.45% [8] - Non-aviation products and other businesses: 197 million yuan, a decrease of 24.91% [8] Governance and Management - The Board of Directors consists of 11 members, with 5 internal and 6 external directors [9] - The Board held 4 meetings in person and 1 via communication, addressing various proposals including financial budgets and performance evaluations [9][11] - The Supervisory Board conducted 8 meetings, reviewing 37 proposals, and ensuring compliance with governance standards [32] Shareholder Returns - The company distributed a cash dividend of 1.60 yuan per 10 shares, totaling approximately 426.5 million yuan, which represents 30% of the net profit attributable to shareholders [27] - The cash dividend policy is outlined in the company's articles of association and shareholder return plan for 2022-2024 [27] Future Plans - The Board aims to enhance internal growth and innovation, improve governance, and ensure compliance with regulations [28] - Key meetings for 2025 are planned to discuss annual reports, financial budgets, and strategic management [28]