Summary by Moomoo AI
HUA FENG INTERNATIONAL POWER CO., LTD. ISSUED A NOTICE ON 20 MARCH 2024 ANNOUNCING ITS PROFIT DISTRIBUTION PLAN FOR 2023. According to the audit reports of EY and EY Accountants, for the year ended December 31, 2023, the net profit attributable to the Company's shareholders was RMB84.46 billion and RMB83.57 billion, respectively, in accordance with the Chinese Corporate Accounting Standards and the International Financial Reporting Guidelines. THE COMPANY DECIDED TO DISTRIBUTE A CASH DIVIDEND OF RMB0.20 PER ORDINARY SHARE (TAX INCLUDED) TO ALL SHAREHOLDERS ON THE BASIS OF THE CONSOLIDATED STATEMENTS OF RMB54.41 BILLION AND A CASH DIVIDEND OF APPROXIMATELY RMB31.4 BILLION, AND A CASH DIVIDEND RATIO OF 57.14%. The profit distribution plan is still subject to consideration by the General Meeting. The Board of Directors held a meeting on 19 March 2024 to review the distribution plan and obtained the approval of the Supervisory Board. The company stressed that this profit allocation would not affect normal operations and long-term development, but reminded investors to be aware of the associated investment risks.