Yongxing Materials reports profit dip, plans dividend and share repurchase

Yongxing Special Materials Technology (SZSE:002756) announced a notable 33.76% year-over-year decrease in operating income, reporting a figure of ¥8.07 billion for 2024. Concurrently, net profit attributable to shareholders of the listed company plummeted by 69.37% to ¥1.04 billion. In response, the board of directors has proposed a cash dividend of ¥0.50 per 10 shares, totaling ¥263.86 million, and a share repurchase plan. The company aims to continue to adhere to its strategic balance between rewarding shareholders and pursuing sustainable growth. All directors attended the relevant board meeting and approved these resolutions.