Willfar Information Tech proposes dividend, reports strong 2024 results

** Willfar Information Technology (SSE: 688100) has announced a proposed cash dividend of RMB 0.52 per share and has reported a significant increase in both revenue and net profit for the 2024 fiscal year. The proposed dividend, which is subject to shareholder approval, represents 40.48% of the net profit attributable to shareholders, totaling RMB 630.7 million and the company also announced its future directions for the company after closing a previous round of share repurchases. The company's total revenue increased by 23.35% year-over-year, reaching RMB 2.74 billion. The company's net profit attributable to shareholders increased by 20.07% to reach RMB 630.7 million. To show that it is looking into the future, the company announced new directions for its development in areas including its chip technology, battery solutions and future international expansion.