Truchum Advanced Materials boosts parent company profit via dividends

Anhui Truchum Advanced Materials (SZSE:002171) announced it has received CNY 58,400,000.00 in dividends from two wholly-owned subsidiaries, Qingyuan Truchum High-Precision Copper Strip Co., Ltd. and Wuhu Truchum Alloy Copper Material Co., Ltd. Qingyuan Truchum High-Precision Copper Strip Co., Ltd. distributed CNY 51,000,000.00, retaining the remaining profit for the next year. Wuhu Truchum Alloy Copper Material Co., Ltd. distributed CNY 7,400,000.00, with the balance also carried forward. This infusion of capital will increase Anhui Truchum Advanced Materials’ parent company net profit in 2025, though it will not affect the consolidated financial statements.