Shenzhen SC increases shareholder returns with cash dividend, buyback

** Shenzhen SC New Energy Technology Corp (SZSE:300724) plans to increase shareholder returns through a proposed cash dividend and share cancellation, even as the company navigates shifting industry dynamics. According to its 2024 annual report, the board recommends a cash dividend of CNY416.25 million, or CNY12 per 10 shares, based on the existing share capital. Additionally, CNY31.01 million worth of repurchased shares will be canceled. The company reported revenue of CNY18,887.21 million for 2024, up 116.26% year-over-year, and net profit attributable to shareholders of CNY2,763.59 million, up 69.18%. The company is also strategically focused on R&D, spending CNY648.78 million to continue progress in innovative technologies. Looking ahead, Shenzhen SC will continue to improve its return mechanism, align with the global energy transition, and deliver sustainable shareholder value.