BSGCO(SZ:000959)2025-04-24 07:16Group 1: Dividend and Profitability - The company plans to distribute a cash dividend of 0.22 CNY per share, totaling approximately 171 million CNY, which represents 36.30% of the net profit attributable to shareholders for 2024, an increase of 1.07 percentage points year-on-year [1] - The company aims to benchmark against leading steel enterprises to enhance product quality, cost efficiency, and service, striving for improved profitability [1] Group 2: Capital Expenditure Plans - The fixed asset investment for 2024 is projected at 3.764 billion CNY, with capital expenditures not exceeding 50% of the annual depreciation and amortization [1] - Planned capital expenditures for 2025 are 4.126 billion CNY, with expectations to remain stable in 2026, focusing on projects such as low-carbon steel production and AI applications in steel manufacturing [1] Group 3: Depreciation and Asset Quality - The company anticipates depreciation and amortization expenses of 8.036 billion CNY for 2024, which is higher than industry standards due to new plant constructions and high-end product positioning [2] - The company expects a gradual reduction in depreciation expenses as certain metallurgical equipment reaches the end of its depreciation period, contributing to improved asset quality [2]