Chongqing M&E made a profit of 760 million yuan last year, an increase of 77%, and declared a dividend of 5.5 cents

CHONGQING M&E announced a profit of approximately RMB 760 million for the year ended December 31 last year, an increase of 76.9%. Earnings per share were 21 cents, with a final dividend of 5.5 cents per share. Operating revenue was approximately RMB 10.04 billion, an increase of 12%. It is expected that operating revenue will maintain good growth this year, mainly due to external market policies and improved internal product competitiveness. Gross profit was approximately RMB 1.62 billion, an increase of 3.6%, with a gross profit margin of 16.1%. It is recommended that the shareholder dividend payout ratio for the next three years be no less than 32%, 35%, and 39%, respectively

According to a report from Economic Information Agency on the 23rd, Chongqing M&E (02722) announced that for the year ended December 31 last year, it recorded a profit of approximately 760 million yuan (RMB, the same below), an increase of 76.9%, with earnings per share of 21 cents and a final dividend of 5.5 cents per share.

The group stated that its operating revenue was approximately 10.04 billion yuan, an increase of 12%. It is expected that this year's operating revenue will maintain a good growth trend, mainly benefiting from external market policy dividends and enhanced internal product competitiveness, with all business segments expected to achieve growth. Gross profit was approximately 1.62 billion yuan, an increase of 3.6%, with a gross profit margin of 16.1%, a decrease of 1.3 percentage points, primarily due to the increased revenue share of low-margin products such as blades and wires and cables.

In addition, the group indicated that it recommends a shareholder dividend return plan over the next three years, with cash dividend ratios for the years from this year to 2028 not less than 32%, 35%, and 39% of the distributable profits for the respective years. (wh)

\* For details regarding the performance, please refer to the company's official announcement