Luzhou Lao Jiao boosts investor returns with dividend hike

Luzhou Lao Jiao has announced its profit distribution plan for 2024, proposing a cash dividend of CNY 45.92 per 10 shares, totaling CNY 6,759,201,301.78. When combined with the interim dividend already distributed, the total cash dividend for 2024 reaches CNY 8,758,111,442.85, representing approximately 65% of the net profit attributable to shareholders. The plan, which awaits shareholder approval, signals the company's robust profitability and confidence in its future earnings.