Sichuan Chuantou Energy proposes stable dividend amid growth

Sichuan Chuantou Energy Co., Ltd. has announced its 2024 financial results and proposed resolutions for its upcoming Annual Shareholders Meeting. The company reported a total asset value of CNY 65.05 billion, a 7.78% increase year-over-year. Net assets attributable to shareholders reached CNY 42.14 billion, up 13.60%. The proposed dividend is CNY 4.00 per 10 shares (inclusive of tax), aligning with the company's three-year shareholder return plan, and representing 44.31% of the net profit attributable to the parent company. The company's annual revenue reached CNY 1.61 billion, an 8.54% increase, with a total profit of CNY 4.7 billion, up 3%. For 2025, the company anticipates a total electricity generation of 62.82 billion kWh and revenue of CNY 1.71 billion. The firm has outlined continued investments in clean energy projects and enhancements to corporate governance and internal controls. The shareholders meeting will also address the reappointment of Tianjian Certified Public Accountants for auditing services.