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BEIJING - SDIC Power Holdings Co., Ltd., a major power producer in China, has announced that its 2024 Annual General Meeting (AGM) will take place on Wednesday, June 18, 2025, at the company’s headquarters in Beijing. The meeting will address the 2024 financial results, operational achievements, and future strategies, including the election of new directors.
In 2024, SDIC Power reported a holding installed capacity of 44.63 million kW, with total assets increasing to RMB 296.54 billion. Despite a decrease in net profits by 0.92% year-on-year to RMB 6.64 billion, the company maintained growth in power generation, which rose by 6.24% to 172.07 billion kWh.
The company also confirmed the successful issuance of 550 million new shares to the National Council for Social Security Fund, increasing its total share capital to 8.004 billion shares. The 2023 profit distribution plan proposed a cash dividend of RMB 0.4948 per share, marking an increase in the annual cash dividend payout ratio to 55%.
Looking ahead, SDIC Power’s 2025 operation plan focuses on enhancing core functions and competitiveness, with a commitment to green development and energy security. The company plans to complete 178.1 billion kWh of power generation and invest RMB 30.7 billion in capital construction, primarily for hydropower and new energy projects.
The AGM will also deliberate on a financial service agreement with SDIC Finance Co., Ltd., which includes a maximum daily deposit balance of RMB 18 billion and a loan limit of RMB 20 billion, aiming to improve the company’s fund management and efficiency.
The election of new directors is on the agenda, with Mr. Liu Guojun recommended as a candidate following the resignation of the former director Zhang Lei. Liu’s term will extend to the end of the current board’s tenure.
This information is based on a press release statement and aims to provide shareholders with a comprehensive overview of SDIC Power Holdings’ performance, future plans, and governance updates ahead of the upcoming AGM.
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