Great Star Industrial reconsiders 2024 profit distribution plan

Hang Zhou Great Star Industrial (SZSE:002444) has updated its 2024 profit distribution plan following its initial announcement on April 22, 2025. The company, having achieved a net profit of CNY 141,980,110, stated it would allocate 10% to statutory surplus reserve. Given the significant capital expenditure planned for 2025 to support global expansion, new product development, and potential M&A activities, the initial proposal was not to distribute a cash dividend, stock dividend, or use capital reserves for stock increases.