ShaanGu(601369) 上海证券报·2025-04-18 09:24Core Viewpoint - The company has demonstrated strong financial performance in 2024, achieving a revenue of 10.277 billion yuan, a year-on-year increase of 1.32%, and a record high net profit attributable to shareholders, reflecting a compound annual growth rate of 11.05% from 2020 to 2024 [11][12][13]. Group 1: Financial Performance - The company reported a total profit of 1.1 billion yuan in 2024, marking a 49.40% increase compared to 2020 and a 3.88% increase year-on-year [11]. - The net profit attributable to shareholders reached a historical high, with a year-on-year growth of 2.09% [11]. - The company's asset-liability ratio hit a five-year low, indicating improved financial stability [12]. Group 2: Business Operations - The company operates in various sectors including energy storage, petrochemicals, metallurgy, and power generation, providing comprehensive energy solutions [4][6]. - The energy infrastructure segment accounted for 38.65% of total revenue in 2024, with a five-year compound growth rate of 19.48% [13]. - The company has successfully expanded its market presence both domestically and internationally, particularly in the distributed energy market [13][18]. Group 3: Innovation and Technology - The company has focused on innovation, completing 154 research and development projects in 2024, enhancing its core technological capabilities [14]. - It has developed advanced energy conversion equipment and solutions, including a world-first 300MW compressed air energy storage technology [14][15]. - The company has made significant strides in low-carbon technologies, contributing to national goals for carbon neutrality [9][14]. Group 4: Market Strategy - The company employs a direct sales model in the domestic market while collaborating with large design institutes for international expansion [7]. - It has established a strong presence in emerging markets along the Belt and Road Initiative, enhancing its global footprint [7][18]. - The company is actively pursuing opportunities in the green energy sector, aligning with national policies for energy transition [3][9]. Group 5: Corporate Social Responsibility - The company has a strong commitment to shareholder returns, with a proposed cash dividend of 0.27 yuan per share, totaling approximately 776.52 million yuan for the year [11]. - It has been recognized for its contributions to social responsibility, including significant tax payments and community support initiatives [35][36]. - The company has received multiple awards for its innovative practices and contributions to the industry, enhancing its brand reputation [33][34].