Juhua boosts investor returns with dividend and strategic reinvestment

Zhejiang Juhua (SSE:600160) announced its 2024 profit distribution plan, proposing a cash dividend of CNY620.94 million, or CNY0.23 per share, subject to shareholder approval. This payout represents 31.69% of the net profit attributable to shareholders. Alongside this dividend announcement, the company outlined a plan for strategic reinvestment aimed at future growth, including a CNY76 million stake in a new mixed refrigerant. The move underscores Juhua's commitment to balancing shareholder returns with long-term development. To further safeguard shareholder interests, the company will task the audit committee with evaluating and approving all key accounting firm related appointments, the company re-stated. In addition to these announcements, Juhua shares were added to the list of publicly traded companies that has an Environmental, Social and Governance (ESG) report and plans to invest in R&D.