The 9th meeting of the 12th session of Board of Directors of the Company was held on March 28, 2025. The meeting was chaired by Mr. Yang Guoping, Chairman of the Board, and all supervisors and senior managers attended the meeting. After careful deliberation, the following proposals were passed: Work Report of the Board of Directors for the Year 2024, Operation Work Report for the Year 2024, Final Financial Report for the Year 2024 and the Financial Budget Report for the Year 2025 of the Company, Profit Distribution Proposal of the Company for the Year 2024, Full Text and Abstract of 2024 Annual Report, Internal Control Evaluation Report for the Year 2024, Sustainability Report for the Year 2024, Proposed Appointment of Non-executive Director and other proposals.
In addition, the Board also confirmed the proposals of the 2nd meeting of the 12th session of Strategic Development and ESG Committee, the 10th meeting of the 12th session of Audit Committee, the 2nd meeting of the 12th session of Nomination Committee, and the 3rd meeting of the 12th session of Remuneration and Assessment Committee. The Board also approved the "Market Value Management System" formulated by the Strategy Development and ESG Committee. Jiayuan Law Firm provided training on the listing rules of the Hong Kong Stock Exchange for all directors, supervisors, and senior management.
2024 is an important year for the comprehensive implementation of the spirit of the 20th National Congress and a year for the deepening of the implementation of the 14th Five-Year Plan. Under the leadership of the Board of Directors, the Group has always adhered to the strategic guideline of engaging in public utilities and financial investment businesses. The Group closely focused on the business management targets initiated at the beginning of the year. The Group has deeply implemented key projects, actively explored new business growth points, promoted the optimization and upgrading of the business structure, and ensured the meticulous progress of all work. The Group's business continues to develop steadily and robustly, and the overall work presents a positive and upward trend.
In 2024, the Company recorded a total revenue of RMB6.188 billion. Net profit attributable to shareholders of the Company amounted to RMB0.233 billion, representing an increase of 9.69% from which in the corresponding period of the last year. The debt to asset ratio was 56.33%, representing a decrease of 1.03% compared to the same period last year.
The profit distribution plan for the year 2024 proposes to distribute a cash dividend of RMB0.036 (including tax) per share to all shareholders. As of December 31, 2024, the total number of shares of the Company is 2,952,434,675. Based on this, a total cash dividend payment of RMB106,287,648.30 (including tax) is planned to be distributed, accounting for 45.59% of the net profit attributable to shareholders of the Company for the current year.
The 9th meeting of the 12th session of Board of Supervisors of the Company was held at the same day, all supervisors and senior managers attended the meeting. The meeting has approved 14 proposals.
Dazhong Public Utilities has released its social responsibility report for the 13th consecutive year and its ESG report for the 8th consecutive year. In 2024, according to the guidelines of the two stock exchanges, the two reports are merged and disclosed for the first time.
In 2024, from being awarded the title of "Excellent Practice Case for Sustainable Development of Listed Companies in 2024", to receiving the "A+" rating from CCXGF in 2023, and then to the "Annual ESG Pioneer Award" in the annual outstanding company selection of Gelonghui "Golden Award", each honor is a high recognition of the achievements of the Company in environmental, social, and corporate governance by authoritative institutions or mainstream media.
Looking ahead, the Company will continue to focus deeply on the green and environmentally friendly industry sector. With investment and operation in the gas and wastewater segments, the Company will support the national goal of dual-carbon strategy. At the same time, the Company will take on more social responsibilities, improve corporate governance, and continuously promote ESG practices to achieve sustainable development.