Core Insights - The company achieved positive growth in both revenue and profit for 2024, with a revenue of 10.28 billion and a net profit of 1.04 billion, reflecting year-on-year increases of 1.3% and 2.1% respectively [1] - The gross margin improved to 22.5%, up by 1.0 percentage points, while the net margin rose to 11.1%, an increase of 0.3 percentage points [1] - A cash dividend of 780 million is proposed for 2024, resulting in a dividend payout ratio of 74.6% [1] Revenue and Profit Growth - The energy conversion equipment business generated revenue of 4.5 billion, marking a year-on-year growth of 3.8% [1] - The gas operation business saw revenue of 3.96 billion, with a significant year-on-year increase of 14.4% [2] - The company’s contract gas supply volume reached 1.654 million cubic meters, a 15.4% increase year-on-year, while the operational contract supply volume was 0.957 million cubic meters, up by 4.6% [2] Market Expansion and New Business Development - The company made breakthroughs in various sectors including compressed air energy storage, petrochemicals, and overseas markets [1] - The company successfully tested the world's first 300MW compressed air energy storage power station and developed a gas compressor for the largest UOP propane dehydrogenation unit in the country [1] - The company entered the fiber optics sector for the first time, signing contracts with top global players in the field [2] Future Outlook - The company is actively expanding new business areas, which are expected to support future performance [3] - The net profit forecasts for 2025 and 2026 have been adjusted downwards by 7% and 8% to 1.17 billion and 1.29 billion respectively, with a new forecast for 2027 set at 1.4 billion [3]