Xinxing Ductile Iron prioritizes innovation and shareholder returns in 2024

Xinxing Ductile Iron Pipes (SZSE:000778) reported its 2024 financial results, accompanied by plans to improve company value and reward shareholders. The company reported a revenue of CNY 36.19 billion and net profit of CNY 167.44 million, navigating a difficult market characterized by overcapacity and declining demand. Despite these challenges, the board has proposed a cash dividend of CNY 0.20 per 10 shares, allocating CNY 79.26 million to shareholders and demonstrating its commitment to return value.