Huaxia Bank proposes CNY 6.45bn dividend for 2024

Huaxia Bank (SSE:600015) has announced its annual general meeting agenda, highlighting a proposed dividend of CNY 6.45 billion for the 2024 financial year, equivalent to CNY 3.05 per share. The announcement follows a year where the bank achieved a net profit of CNY 281.96 billion, a 5.03% increase year-on-year, and reduced its non-performing loan ratio to 1.60%. The agenda also includes proposals for 2025 financial forecasts, auditor appointments, and related party transactions. The bank plans to focus on strategic initiatives, including digitalization, green finance, and risk management, alongside shareholder returns and independent director evaluations. Several board members are expected to be elected, according to the documents. Shareholders will vote on these proposals at the meeting scheduled for May 13, 2025.