Changan Auto proposes CNY 2.92bn dividend despite profit dip

Chongqing Changan Automobile (SZSE:000625) has announced its 2024 Annual General Meeting materials, revealing a proposed cash dividend of CNY 2.92 billion. Despite a 35.37% year-over-year decrease in net profit attributable to shareholders, which stood at CNY 7.32 billion, the company intends to distribute CNY 2.95 per 10 shares. The company's revenue increased by 5.58% year-over-year, reaching CNY 159.73 billion. In terms of sales, the company moved 2.68 million vehicles, a 5.1% increase from the previous year.