Santai Group achieves record profits, plans dividend and board changes

Chengdu Santai Holding Group (SZSE:002312) announced a strong financial performance for 2024, including record operating revenue of CNY8,178.4 million and net profits attributable to shareholders of CNY532.9 million. Buoyed by these results, the board proposed a cash dividend of CNY1.41 per 10 shares, totaling CNY266.4 million. However, the company reports that several director positions are in need of election with the resignation of some board members. Furthermore, Chengdu Santai is planning new strategic partnerships that involve equity transactions and other company matters to be reviewed. It is also in acquisition talks with new targets. It said that board members are ready to improve operations and efficiency in order to drive new revenue, though this is expected not to happen for several years. These strategic moves aim to ensure sustained growth and strengthen the group's position in the industry with further innovations to the structure of both the balance sheets and income statements.