Nanjing Tanker proposes no dividend despite strong 2024 earnings

** China Merchants Nanjing Tanker Corp (SSE: 601975) announced a strong financial performance for 2024 but will not distribute a dividend due to regulatory constraints. The tanker company reported a net profit attributable to owners of the parent company of 1.92 billion yuan, a 23.38% increase year-over-year. The earnings per share reached 0.3995 yuan, up from 0.3209 yuan the previous year. Despite these gains, the company's board, in a meeting held on March 21, 2025, decided not to propose a cash dividend or bonus share issue for the year.