ZTE proposes CNY6.17 dividend payout despite revenue dip

ZTE Corporation (SZSE:000063) announced its 2024 annual results, highlighted by a proposed dividend payout of ¥6.17 per 10 shares. This substantial return to shareholders comes even as the company reported a slight revenue decrease of 2.38%, reaching ¥121.3 billion. The company emphasizes its commitment to innovation and future growth through strategic investment in core technologies and exploring emerging opportunities in areas like computing power and AI. Details from the company's filing indicates plans to allocate a significant portion of its 2024 net profit to shareholders, underscoring its confidence in sustainable financial health, however this propal is to be voted on by shareholders. The proposed payout aligns with the company's commitment of distributing at least 30% of average distributable profits over three years in cash.