Beijing Tianma Intelligent (688570)2024-11-29 10:24Group 1: Market Outlook and Business Performance - The intelligent coal mining market is expected to stabilize at a total capacity of 5 billion tons per year by 2035, with significant growth potential before 2030 [2] - In the first three quarters of 2024, the spare parts business generated revenue of 270 million CNY, accounting for 22.28% of total revenue, with stable profit margins [3] - The company maintains the highest market share in SAC and SAM systems, with SAP system ranking in the top three, while gross margins remain stable [3] Group 2: Strategic Initiatives and Collaborations - The company has signed a strategic cooperation agreement with Huawei to enhance intelligent mining solutions and develop "unmanned" mining operations [3] - The establishment of an international business department aims to accelerate overseas market expansion, with products already achieving certifications in various international markets [5] - The company is actively promoting its non-coal sector initiatives, focusing on high-end, digital, and intelligent manufacturing technologies [3][5] Group 3: Dividend Policy and Future Plans - For the fiscal year 2023, the company plans to distribute a cash dividend of 4 CNY per 10 shares, representing 40.80% of the net profit attributable to shareholders [3] - The company aims to maintain a cash dividend ratio not lower than the previous year's level, considering sustainable development and industry trends [3]