Hengli Hydraulics proposes dividend, outlines FY24 financials, elects auditors

Jiangsu Hengli Hydraulic (SSE:601100) announced a proposed cash dividend of CNY938.57 million, or CNY7.00 per 10 shares, for FY24, representing 37.41% of net profit attributable to shareholders. This proposal is slated for shareholder approval at the upcoming annual general meeting (AGM). According to the company's 2024 annual report, net profit was CNY2.51 billion, while revenue reached CNY9.39 billion, marking a 4.51% year-over-year increase. The company outlined additional information regarding its Board composition, the formation of a strategic committee, and other key data. The annual meeting will be held on May 23, 2025. The company announced the re-election of auditors for the fiscal year to容诚会计师事务所。