Financial Performance - In 2024, the company achieved operating revenue of 2.431 billion CNY, a year-on-year increase of 30.86% [4] - The net profit attributable to shareholders was 536 million CNY, up 4.36% year-on-year [4] - The operating cash flow net amount reached 971 million CNY, reflecting an 11.78% increase [5] - In Q1 2025, the company reported operating revenue of 767 million CNY, a 54.23% increase year-on-year, with a net profit of 173 million CNY, up 39.41% [4] Operational Highlights - The company processed 3.2 million tons of municipal solid waste in 2024, generating 1.473 billion kWh of electricity, a 0.82% increase [4] - The electricity generated per ton of waste was 459.94 kWh, a 1.85% increase year-on-year [4] - The growth in performance was primarily driven by the acquisition of Renhe Environment and the commissioning of new projects, adding 1,800 tons/day of waste incineration capacity [4] Strategic Initiatives - The company plans to maintain a cash dividend ratio of no less than 50% of the net profit attributable to shareholders [6] - A cash dividend of 9 CNY per 10 shares (before tax) is proposed for 2024, continuing the previous two years' policy [6] - Future growth points include expanding operational capacity, leveraging core technologies in waste treatment, and pursuing new project developments in Kyrgyzstan [8] Industry Positioning - The company leads the industry in electricity generation per ton of waste due to advanced equipment and operational stability [4] - The synergy between waste incineration and data center (IDC) construction is highlighted, with a focus on renewable energy and stable power supply [6] - The company aims to expand into sustainable waste management projects in regions along the Belt and Road Initiative [8]
军信股份(301109) - 2025年4月23日投资者关系活动记录表