The 14th meeting of the 12th Board of Directors of Shanghai Dazhong Public Utilities (Group) Co., Ltd. was held on March 30, 2026, in a combination of on-site and video conference format. The meeting was chaired by Mr. Yang Guoping, Chairman of the Board, and senior management attended as observers. After careful deliberation, the participating directors passed the following major proposals: "2025 Annual Report of the Board of Directors", "2025 Annual Report on Operating Activities", "Full Text and Abstract of the 2025 Annual Report", "2025 Annual Proposal for Profit Distribution", "2025 Annual Internal Control Evaluation Report", "2025 Annual Sustainable Development Report", "Proposal on the Term Transition of the Board of Directors and Election of Directors for the 13th Board of Directors", "Proposal on the Term Transition of the Board of Directors and Election of Independent Non-Executive Directors for the 13th Board of Directors", among other proposals. Other important matters were also deliberated.
In addition, the Board confirmed the resolutions of the third meeting of the Strategic Development and ESG Committee of the 12th Board of Directors, the fourteenth meeting of the Audit Committee of the 12th Board of Directors, the fifth meeting of the Nomination Committee of the 12th Board of Directors, and the fourth meeting of the Remuneration and Evaluation Committee of the 12th Board of Directors. The Board also appointed Hong Kong Jiayuan Law Firm to conduct training on the Hong Kong Stock Exchange listing rules for directors and senior management.
2025 marks the culmination of the 14th Five-Year Plan and a pivotal year for the layout of the 15th Five-Year Plan. Amidst a complex and challenging macroeconomic environment, under the guidance of the Board of Directors, the entire group steadfastly adheres to the development strategy of "dual-driven by public utilities and financial venture capital". We have implemented various business management objectives set at the beginning of the year, focusing on enhancing the overall high-quality and sustainable development of the group's operations. All employees have persevered in their efforts, tackled difficulties, and solidly advanced key tasks, achieving remarkable results in our annual business performance.
In 2025, Dazhong Public Utilities achieved an operating revenue of RMB 6.023 billion; the net profit attributable to shareholders was RMB 415 million, representing a year-on-year increase of 78.07%. The asset-liability ratio stood at 55.13%, a decrease of 1.20% compared to the same period last year.
The profit distribution plan for 2025 proposes to distribute a cash dividend of 0.05 (tax included) per share to all shareholders. The total amount of cash dividends proposed to be distributed is 147,621,733.75 yuan (tax included), accounting for 35.56% of the net profit attributable to shareholders of listed companies for the current year.