China Aerospace Times Electronics proposes dividend, cautions risks

China Aerospace Times Electronics (SSE:600879) has announced its intention to distribute a cash dividend of RMB 0.05 per share (totaling RMB 164.96 million) to shareholders, a plan slated for approval at the upcoming shareholder meeting. While this proposal showcases the board's confidence, the company's 2024 annual report highlights a 23.75% year-over-year decrease in operating revenue (RMB 14.28 billion), primarily due to decreased deliveries of aerospace products and the deconsolidation of aerospace business.