Desay SV proposes $95.2m dividend for 2024 performance

Huizhou Desay SV Automotive (SZSE:002920) plans to distribute a cash dividend of RMB 1.20 per 10 shares (inclusive of tax), totaling approximately RMB 665.94 million ($95.2 million USD), pending shareholder approval. The proposal follows a strong financial year in which the company saw revenues increase by 26.06% to RMB 27.62 billion. Net profit attributable to shareholders rose by 29.62% to RMB 2.00 billion. The company's board of supervisors has already approved both the dividend proposal and the 2024 annual report, finding no issues with the financial statements or internal controls. The board has proposed, and the board of supervisors concurred, that the audit and sustainable development reports are authentic and complete and that they are not concealing material financial facts. Desay SV focuses on integrated smart cockpits, intelligent driving, and connected services, with 2024 seeing growth in both high-end and international markets.