同益中: 同益中关于2024年度利润分配方案的公告

Summary of Key Points Core Viewpoint - The company plans to distribute a cash dividend of 0.67 RMB per 10 shares (including tax) for the fiscal year 2024, with a total cash dividend amounting to 15 million RMB, which represents 11.52% of the net profit attributable to shareholders of the parent company [1][2][3]. Profit Distribution Plan - The company has a distributable profit of 404,975,459.29 RMB as of December 31, 2024, and intends to distribute profits based on the total share capital on the record date for the rights distribution [2]. - The total share capital as of December 31, 2024, is 224,666,700 shares, leading to a total cash dividend of 15 million RMB [2]. - The cash dividend distribution does not include stock dividends or capital reserve transfers [2]. Financial Performance and Dividend Policy - The cash dividend for 2024 is lower than 30% due to the company's ongoing expansion, mergers, acquisitions, and significant funding needs [2][5]. - The net profit attributable to shareholders for 2024 is reported at 130,197,530.94 RMB, with the cash dividend amounting to 15 million RMB [3][4]. - The company has maintained a stable financial condition while requiring more funds for ongoing research and development, market expansion, and potential mergers and acquisitions [5][6]. Company Development and Industry Context - The company operates in the ultra-high molecular weight polyethylene fiber industry, characterized by high R&D investment and complex production processes [4][5]. - The industry is evolving towards higher concentration and quality, with a focus on brand recognition and innovation [4]. - The company aims to enhance its market share and competitiveness through continuous R&D and by developing high-end products [5][6]. Decision-Making Process - The profit distribution plan was approved by the board of directors and the supervisory board, with unanimous votes in favor [7]. - The plan will be submitted for approval at the 2024 annual general meeting of shareholders [3][7].