China Jushi proposes dividend, plans debt issuance for expansion

China Jushi Co., Ltd (SSE:600176) announced its 2024 annual results, outlining a proposed cash dividend of RMB 2.40 per 10 shares, representing a 39.3% payout ratio based on its RMB 2.44 billion net profit. The dividend proposal is subject to shareholder approval at the upcoming annual general meeting. The company also detailed plans to issue debt financing instruments, including company bonds, short-term financing certificates, and medium-term notes to support its growth strategy. These instruments, which may be issued publicly or privately, are intended to provide financial flexibility for ongoing and new projects.