Core Viewpoint -滨海投资 reported record-high total gas sales volume for 2024, with a significant increase in dividend payout ratio, indicating strong performance despite industry challenges [1][2] Group 1: Financial Performance - For the fiscal year 2024, the company recorded a revenue of 6.2 billion HKD and a profit attributable to shareholders of 200 million HKD [1] - The final dividend declared is 7.6 HKD cents per share, with a payout ratio rising to 52% [1] - Total gas sales volume reached 2.52 billion cubic meters, a year-on-year increase of 13%, surpassing the national gas consumption growth rate [1] Group 2: Sales and Market Dynamics - Pipeline gas sales increased by 6.5% to 1.71 billion cubic meters, while gas transmission sales surged by 32% to 800 million cubic meters [1] - The company has optimized its customer structure, with industrial and commercial users now accounting for 81% of total gas sales volume [1] Group 3: Strategic Initiatives - The company is pursuing a diversified development strategy, enhancing upstream and downstream operations [1] - Strategic partnerships have been established, including a collaboration with Huade Smart for energy management and a cooperation agreement with the government of Deqing County [2] - The company plans to increase its dividend per share by no less than 10% from 2025 to 2027, aiming to share corporate success with shareholders [2] Group 4: Industry Outlook - The central government has set a 5% economic growth target for 2025, which is expected to benefit the natural gas industry [2] - The company's upstream and downstream layout is improving, with anticipated benefits from optimized gas sources and expanded customer base [2] - Current dividend yield is approximately 7%, with future yields expected to be very attractive, suggesting a favorable investment opportunity [2]
滨海投资发布2024年业绩 总销气量创新高 未来3年股息率极具吸引