Hainan Airport proposes $57.1m dividend, eyes high-quality growth

Hainan Airport Facilities Co., Ltd. (SSE:600515) has announced a proposed cash dividend of CNY 57.1 million ($8.03M USD) for 2024, representing CNY 0.05 per share, despite a challenging year marked by a 35.4% decline in operating revenue to CNY 4.37 billion. This allocation accounts for 12.46% of the net profit attributable to shareholders, showcasing the company's commitment to shareholder returns even amidst financial pressures. The decision, pending shareholder approval, comes as the company reports a net profit of CNY 458.5 million and earnings per share of CNY 0.0401. Although there were plans to re-engineer, the company decided against share repurchasing.