LONGZHOU GROUP CO.(SZ:002682)2022-12-07 08:14Group 1: Shareholder Returns and Dividend Policy - The company emphasizes a dividend distribution policy that considers the expectations of shareholders, particularly small shareholders, for stable cash income [3] - The 2014 annual profit distribution plan involved a cash dividend of 0.70 RMB per 10 shares, based on a total share capital of 208,000,000 shares, implemented on May 22, 2015 [4] - The company plans to distribute at least 20% of the distributable profits in cash each year, and may issue stock dividends when retained earnings exceed 100% of the share capital [4] Group 2: Fundraising and Financial Management - As of December 31, 2014, the company had utilized 280.4283 million RMB of raised funds, with a balance of 104.0629 million RMB in the special account for raised funds [4] - The company aims to strengthen its financial position and enhance its ability to invest in core and extended industries through the raised funds [12] - The company’s financial ratios, such as liquidity and solvency, are expected to improve post-fundraising, enhancing its overall financial structure [12] Group 3: Business Development and Strategic Initiatives - The company has signed a cooperation framework agreement with CNOOC to invest 220 million RMB in establishing 11 gas stations in Longyan [5] - The acquisition of a 65% stake in Tianjin Manli's CNG processing plant is expected to enhance the company's gas industry scale and profitability [5] - The company is actively exploring opportunities in the oil and gas sector as part of its strategy to extend its industrial chain [5] Group 4: Market and Operational Insights - The company acknowledges the positive impact of declining oil prices on its passenger and freight transport operations, as fuel costs are a significant expense [14] - The company is committed to maintaining effective communication with investors through various channels, including dedicated hotlines and email [3] - The company’s logistics operations are evolving towards a modern logistics model that integrates storage, transportation, processing, and value-added services [23] Group 5: Shareholder Engagement and Rights - The company assures that all shareholders will have the right to participate in the upcoming share issuance, with a plan of 10 shares for every 3 shares held [18] - The company emphasizes the importance of protecting minority shareholders' interests through transparent operations and compliance with regulations [20] - The company will communicate details of the share issuance through official announcements and online roadshows [18]