East Money proposes $947m dividend despite profit growth

East Money Information (SZSE:300059) has announced its 2024 profit distribution plan, proposing a cash dividend of RMB 0.60 per 10 shares, totaling approximately RMB 947 million. This decision comes despite a moderate increase in net profit attributable to shareholders, which reached RMB 9.61 billion, a 14.94% increase year-over-year. Factoring in a previous share repurchase of RMB 488 million, the total cash distribution for 2024 amounts to RMB 1.435 billion, representing 14.94% of the net profit. The company's board has approved this plan, pending shareholder approval at the annual general meeting. The financial results contained in this announcement also includes the audited financial report highlighting a revenue growth of 4.72% and 17.29% growth of net profit YoY. The company also outlined its commitment to future shareholder returns and investment value in subsequent releases.