HBYH(000422)2025-04-17 09:12Group 1: Company Performance - The company achieved a net profit attributable to shareholders of 653 million yuan in 2024, representing a year-on-year growth of 44.32% [3] - Earnings per share increased to 0.6108 yuan, up by 30.29% compared to the previous year [3] - The proposed cash dividend for 2024 is 2.00 yuan per 10 shares, which is expected to account for 33.18% of the net profit [3] Group 2: Shareholder Engagement and Value Management - The controlling shareholder, Yihua Group, completed three rounds of share buybacks totaling 711 million yuan from May 2023 to June 2024, signaling confidence in the company's sustainable development [3] - The company emphasizes value management through various strategies, including cash dividends, share buybacks, and investor relations management [5] - The company is committed to enhancing the accessibility and transparency of its value discovery process to protect shareholder rights [3] Group 3: Future Growth Strategies - Future growth will focus on expanding the industrial chain, developing new fields, and enhancing high-end chemical products [2] - The company plans to maintain a balance between performance growth and shareholder returns through mergers, acquisitions, and capital expenditure [4] - Capital expenditures in the next two years will support major strategic developments, including industry upgrades and vertical integration [6] Group 4: Market Position and Challenges - The company operates in a mature and competitive fertilizer and chemical industry, with its products like diammonium phosphate and urea positioned at an upper level in the domestic market [2] - Export business accounted for 18.30% of total revenue in 2024, with stable sales networks in Southeast Asia, the Middle East, and South America [4] - The company is addressing external market factors and investor perceptions that may affect stock performance [2]