Beijing Sanyuan reports weaker 2024 revenue, plans capital restructuring

** Beijing Sanyuan Foods (SSE:600429) reported an unaudited revenue of CNY 7.01 billion for 2024, a 10.73% decrease year-over-year due to a soft market and consolidation changes. Net profits for shareholders of the parent company decreased 77% to CNY 54.81 million. The company outlined a proposed cash dividend of CNY 0.012 per share, totaling CNY 18.11 million, contingent on shareholder approval at the upcoming annual general meeting. Simultaneously, the company disclosed changes affecting its board, capital structure, as well as details from it's internal control audit. It plans a capital restructuring to strengthen its long-term market position. In May, it plans to carry out with share buybacks. As well as this it will issue 23 Million new shares. A new round of board appointees will be selected before the end of the year, under the direction of the Board Secretary.