baonengyuan(SZ:000690)2025-05-19 12:26Group 1: Industry Outlook - The coal power industry is expected to transition from a "base load power source" to a "flexible adjustment power source" through technological innovation and policy guidance, as part of the new power system construction [1] - By 2025, China's total electricity consumption is projected to reach 10.4 trillion kWh, with a year-on-year growth of approximately 6% [1] Group 2: Financial Performance - In Q1 2025, the company achieved a net profit of 299 million CNY, representing a year-on-year increase of 46.4%, attributed to falling coal prices and internal efficiency improvements [2] - The company has maintained a consistent dividend policy since its listing in 1997, with cumulative cash dividends amounting to nearly 4.6 billion CNY [2] Group 3: Shareholder Information - As of April 30, 2024, the total number of shareholders is 96,394 [2] - The proposed dividend for 2024 is 1.50 CNY per 10 shares, totaling a distribution of 326 million CNY [3] Group 4: Dividend Policy - The company has a commitment to reasonable returns for investors, with the last three years' cumulative cash dividends accounting for 130.82% of the average annual net profit, significantly exceeding the regulatory requirement of at least 30% [2] - Future dividend plans will adhere to the guidelines set by the China Securities Regulatory Commission and the company's internal regulations [3]