Huatai Securities details accounting, dividend, and governance changes

Huatai Securities announced an accounting policy change, effective January 1, 2025, to align with new Ministry of Finance guidelines on standard warehouse receipt trading. This change will be applied retrospectively to 2024 financial statements but will not impact the 2024 year-end balance sheet or 2024 first-half net profit.

Additionally, the board approved a 2025 interim cash dividend of yuan 0.15 per share (tax inclusive), totaling yuan 1,354,029,567.90. This distribution represents 17.94% of the 2025 first-half consolidated net profit attributable to shareholders. The company will adjust the total dividend amount if the share capital changes before the ex-dividend date but maintain the per-share distribution.

The board also approved revisions to its Articles of Association, Shareholder Meeting Rules, and Board Meeting Rules, and will abolish the Supervisory Board Meeting Rules, to comply with new company and securities laws. These changes reflect an ongoing effort to enhance corporate governance.