Summary by Moomoo AI
Great Wall Motor Co., Ltd. (“Great Wall Motor”) announced its 2023 profit distribution plan and intends to distribute a cash dividend of RMB 0.30 per share (tax included) to all shareholders. The plan shows that the company's net profit attributable to shareholders in 2023 was RMB7,021,559,679.84, with a total undistributed profit of RMB52,728,780,842.33. The total cash dividend to be distributed in this instalment is RMB2,563,006,902.90, representing 36.50% of the 2023 net profit. Upon approval by the Annual General Meeting, the H dividend is expected to be paid on June 26, 2024. The Company's share transfer registration will be suspended from 30 May to 4 June 2024 to ensure that shareholders are eligible to receive dividends. The Board of Directors stated that this profit allocation plan takes into account the actual operating situation of the company and complies with the relevant legal regulations and regulatory documents and will not have a material impact on the company's operating cash flow, normal operations and long-term development.