Aiko Solar prioritizes shareholder returns, ABC Tech

Shanghai Aiko Solar (SSE:600732) reported on its "Quality Improvement, Efficiency Enhancement and Return Focus" action plan for 2024, emphasizing shareholder value and strategic advancement. Aiko is focused on N-type ABC module technology, with sales revenue from these modules surpassing battery sales by the fourth quarter of 2024. The company stresses continuous innovation, committing over 3 billion RMB to R&D in the last three years and achieving a mass production efficiency of 24.6% for its ABC modules. Aiko completed a 300 million RMB share repurchase in August 2023 and initiated another in November 2023, repurchasing 16.06 million shares for 260 million RMB. Since 2019, Aiko has distributed 858 million RMB in cash dividends, with 715 million RMB between 2021 and 2023, representing 72.40% of the average annual net profit. The company aims to maintain a dividend payout ratio of at least 30% of the average annual distributable profit in the next three years.