Shennan Circuits proposes dividend, share increase amid profit surge

Shennan Circuits (SZSE:002916) has announced its 2024 profit distribution and capital reserve conversion plan, proposing a cash dividend of RMB 15.00 per 10 shares (inclusive of tax) and a share increase of 3 shares for every 10 shares via capital reserve conversion. This move follows a banner year, with net profit attributable to shareholders jumping 34.29% to RMB 1.88 billion. The company's total assets reached RMB 25.30 billion, a rise of 11.92%. This dividend payout represents 40.97% of 2024 profits, reflecting a commitment to shareholder returns. The company's robust performance was attributed to strong demand in its core PCB business, driven by AI, and also its IC Substrate, and EMS, which are all showing very strong growth. The board has also greenlit plans to change how the company accounts for its income, according to new changes. With the strong year end financials and the strong 2025 budget report, the future is looking bright for Shennan Circuits.