Xianhe proposes CNY 352.99m dividend amid strong FY24 performance

Xianhe (SSE:603733) has announced plans to distribute a CNY 352.99 million cash dividend to shareholders (CNY 0.50 per share, pre-tax) from its robust 2024 earnings, subject to shareholder approval at the upcoming annual general meeting. This represents 35.16% of the net profit attributable to equity holders of the parent company. The company’s 2024 financials showed strong revenue growth of 20.11% to CNY 10.27 billion with net profit attributable to equity holders of the parent increasing 51.23% to CNY 1.00 billion. Despite rising raw material costs and increased management, R&D, and financial expenses, Xianhe demonstrated improved profitability. While expenses and capital investments increased, the Board remains committed to expanding production.