China Dynamics announces interim dividend and asset impairment

China Shipbuilding Industry Group Power proposes an interim cash dividend of 0.08161 yuan per share (tax included), totaling approximately 183,856,055.17 yuan, to be distributed based on the total share capital on the equity registration date. This distribution follows a net profit of 919,223,540.80 yuan attributable to shareholders for the first half of 2025 and is subject to shareholder approval.

Concurrently, the company announced the impairment of various assets totaling 144m yuan for the first half of 2025. This includes inventory write-downs of 121m yuan due to product upgrades and obsolete materials, and other asset impairments of 18m yuan. These impairments will reduce the company's total profit by 144m yuan. Both the dividend plan and the impairment were approved by the board of directors on August 29, 2025.

In a related development, the acquisition of a 16.5136% stake in China Shipbuilding Diesel Engine Co., Ltd. via a convertible bond and cash payment is proceeding. The application for this asset purchase and supporting capital raising was accepted by the Shanghai Stock Exchange on June 30, 2025.