东方雨虹(002271) - 2025年3月12日投资者关系活动记录表

Group 1: Profit Distribution Adjustment - The company has adjusted the 2024 profit distribution plan to multiple distributions to enhance stability, sustainability, and predictability in investor returns [2][3] - The decision to adjust the profit distribution plan is based on extensive communication with investors and aligns with national policies promoting increased dividend frequency [2][3] - The adjusted plan aims to maintain a strong cash reserve, improve liquidity, and enhance the company's ability to respond to risks [2][3][4] Group 2: Financial Performance and Challenges - The company's revenue and profit are expected to decline in 2024, primarily due to a shift in business model and customer structure optimization [6][8] - The retail channel achieved revenue of 10.209 billion yuan, a year-on-year increase of nearly 10%, while the engineering channel also saw growth [7] - Despite the overall decline, the company’s operating cash flow improved significantly, with a net cash flow from operating activities of 3.457 billion yuan, up 64.39% year-on-year [7][9] Group 3: Debt and Financial Health - The company maintains a low debt ratio, with a total asset-liability ratio of 43% and a interest-bearing debt ratio of only 15%, indicating a strong financial structure [9][12] - The cash dividend plan will not adversely affect the company's normal operations or debt repayment capabilities [10][12] - The company has sufficient bank credit and low financing rates, allowing for increased liquidity if needed [12] Group 4: Future Growth Strategies - The company plans to expand its overseas market presence and focus on new product development and technological innovation [4][11] - The shift to a channel sales model prioritizing retail and engineering partners is expected to enhance market share and operational efficiency [11] - The adjusted profit distribution strategy aligns with the company's seasonal business characteristics and investment rhythm in overseas supply chain development [12]