Zhongtai Securities proposes dividend, details key strategies

Zhongtai Securities (SSE:600918) announced its 2024 profit distribution plan, proposing a cash dividend of RMB 0.25 per 10 shares, totaling RMB 174.2 million based on the total share capital, though subject to shareholder approval. This decision comes amidst a reported net profit attributable to shareholders of RMB 937.29 million, a 47.92% decrease year-over-year. The company attributes this decline to decreased investment income from subsidiaries. Despite profit decline, the firm is committed to a strong financial foundation, boasting a net capital of RMB 28.03 billion and adherence to key regulatory ratios. The company plans to maintain these solid capital base by allocating retained profits to replenish net capital, while also growing its investor base to 9.5 million.