Huagong Tech proposes 2024 profit distribution, citing growth

Wuhan-based Huagong Tech has announced its plan to distribute CNY 2 per share to shareholders based on its 2024 financial results, signaling strong financial health and a commitment to shareholder returns. The proposed distribution, pending shareholder approval at the 2024 Annual General Meeting scheduled for May 9, totals CNY 201.1 million. The move reflects a payout ratio of 16.47% based on the reported net profit attributable to shareholders.