XIAOCAIYUAN fell by over 2%, earning 23.2% more last year but reducing the final dividend

XIAOCAIYUAN (00999.HK) today (25th) slightly fell by 0.26% in the morning session. The company announced at noon that it earned 23.2% more last year, but reduced the final dividend, leading to an expanded decline after the afternoon market opened. It is currently reported at HKD 7.67, down 2.17%, with a trading volume of 905,600 shares, involving HKD 7.0231 million.

XIAOCAIYUAN's revenue last year was RMB 5.345 billion, an increase of 2.6% year-on-year. The net profit was RMB 715 million, an increase of 23.2% year-on-year; earnings per share were RMB 0.61. The final dividend declared is 21.25 cents, with an annual payout ratio (including interim dividends) reaching 69.8%; the same period last year paid 31.87 cents