Jingsheng reports lower profit, boosts R&D, plans share repurchase

** Zhejiang Jingsheng Mechanical & Electrical (SZSE:300316) reported a decrease in its 2024 net profit, alongside plans for a share repurchase and increased R&D investments, according to its annual audit report released April 18, 2025. The report details a net profit attributable to shareholders of CNY 2,509,730,984.52, a 44.93% decrease from the previous year. Despite the profit decline, the company proposes a cash dividend of CNY 4.00 per 10 shares, totaling CNY 522,943,925.20.