Xinhua Department Store to pay cash dividends after strong first half

Yinchuan Xinhua Commercial Group Co., Ltd. announced plans for profit distribution for the first half of 2025, proposing a cash dividend of 1.00 yuan (inclusive of tax) for every 10 shares. This distribution will be based on the company's total share capital of 225,631,280 shares as of the end of the reporting period, resulting in a total cash dividend payout of 22,563,128.00 yuan. The company reported a net profit attributable to shareholders of 86,008,122.91 yuan for the period.

The company also anticipates new related-party transactions in 2025 with Ningxia Xinmei Supply Chain Co., Ltd., Wumei Southern Development Co., Ltd., and Zhejiang Wumei Yilian Commercial Management Co., Ltd., involving commodity sales. The total estimated value of these related-party transactions is approximately 1 billion yuan. Shareholders involved in these related transactions will abstain from voting on this proposal.

Additionally, the company will seek approval to revise its "Management System for Raised Funds" to align with updated regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange.