China Hongqiao boosts dividend, eyes growth with debt moves

China Hongqiao Group (HKEX:1378) has announced a near doubling of its net profit, alongside strategic financial maneuvers aimed at bolstering future growth. The company's 2024 annual report reveals a net profit attributable to shareholders of RMB22.37 billion, a 95.2% increase year-over-year. This surge in profitability allows the board to propose a final dividend of HKD1.02 per share, bringing the total dividend for 2024 to HKD1.61 per share, a significant increase from HKD0.63 in the previous year.