Summary of Key Points Core Viewpoint China Automotive Research announced a cash dividend plan for 2024, proposing a distribution of 2.4 yuan per 10 shares, which amounts to a total cash payout of 241 million yuan, representing 26.53% of the company's net profit. This marks the 14th cash distribution since the company's listing. Financial Performance - The company reported a revenue of 4.697 billion yuan for the year, reflecting a year-on-year growth of 14.65% - Net profit reached 908 million yuan, an increase of 8.56% compared to the previous year - Basic earnings per share stood at 0.92 yuan, with a weighted average return on equity of 13.44% [2] Dividend History - The proposed dividend of 2.4 yuan per 10 shares for 2024 represents a dividend yield of 1.31% - Historical dividend distributions since the company's listing include: - 2023: 3.3 yuan per 10 shares - 2022: 3.0 yuan per 10 shares - 2021: 3.0 yuan per 10 shares - 2020: 3.0 yuan per 10 shares - 2019: 2.5 yuan per 10 shares [2][4] Market Activity - The stock experienced a net outflow of 3.6817 million yuan in principal funds on the day of the announcement, with a total net outflow of 27.0967 million yuan over the past five days [2][3] Industry Context - In the automotive sector, 170 companies have announced their 2024 dividend plans, with BYD leading with a total cash payout of 12.077 billion yuan, followed by Fuyao Glass and Great Wall Motors with payouts of 4.698 billion yuan and 3.853 billion yuan, respectively [4]
中国汽研公布2024年度分配预案 拟10派2.4元