Summary by Moomoo AI
Anhui Conch Cement Co., Ltd. announced that the net profit attributable to the shareholders of the listed company in 2023 was RMB104.3 billion after the audit. Pursuant to the Articles of Association and related laws, the Company has decided not to withdraw the statutory Provident Fund. At the end of the period, the company has a distributable profit of RMB1409.5 billion. The profit distribution plan proposed by the Board of Directors is RMB0.96 per share dividend (tax included) for a total distribution of approximately RMB50.7 million, representing 48.57% of net profit. In addition, the Company will receive cash dividends for the repurchase of A Shares in the same amount as a cash dividend. The profit distribution plan is still subject to approval by the 2023 General Meeting of Shareholders. The Board of Directors stated that this distribution plan takes into account the company's operating situation and reasonable returns to investors and promotes the sustainability of the company.