Joyson Electronics adjusts buyback price after 2024 equity distribution

Ningbo Joyson Electronic Corp (SSE:600699) has announced an adjustment to its share repurchase price ceiling, decreasing it to CNY 23.74 per share from the previous CNY 24, effective May 28, 2025. The adjustment follows the company's 2024 annual equity distribution plan, which included a cash dividend of CNY 2.60 per 10 shares to shareholders excluding those shares held in the company's repurchase account. This dividend payout totals CNY 360,041,876.48. The company held an earnings call on May 21, 2025 where they reported Q1 revenue of CNY 14.6 billion, up 9.8% from the year prior. They also reported net income of CNY 340 million, up 11.1% from the prior year. During the earnings call they stated that the focus for the company is on continuing to expand and develop high quality and profitable products in the market.