Hangcha Group reports record revenue, proposes increased dividend

Hangcha Group (SSE:603298) announced record revenue of CN¥16.49 billion for 2024, a 1.15% increase year-over-year, according to its recently filed annual report audited by Tianjian Accountants. Net profit attributable to shareholders climbed 17.86% to CN¥2.02 billion. Building on this success, Hangcha's board proposed a cash dividend of CN¥0.50 per share, for a total payout of CN¥654.9 million—representing 32.39% of net profit—subject to shareholder approval in May.