Luxshare proposes $200m dividend despite profit dip

Luxshare Precision Industry (SZSE:002475) announced its 2024 profit distribution plan, proposing a cash dividend of CNY1.449 billion, or approximately $200 million, with a distribution of CNY2 per share. This comes amid a reported net profit of CNY13.365 billion. Despite the proposed dividend, the company's payout ratio has sparked scrutiny, as it falls below 30% of the net profit, due to ongoing investments in capacity and technology.