Summary by Moomoo AI
Great Wall Motor announced the profit distribution plan for 2024, proposing to distribute a cash dividend of RMB 0.45 per share (before tax) to all shareholders. Based on the current total share capital of 8,562,655,150 shares, and after deducting 418,643 shares held in the repurchase special account, the total cash dividend to be distributed is expected to be RMB 3.853 billion, with a payout ratio of 30.36% of the annual net profit attributable to shareholders.The company stated that if there is a change in the total share capital basis after deducting the repurchased shares between the announcement date of the plan and the equity registration date for the distribution, the amount distributed per share will remain unchanged, with the total distribution adjusted accordingly. This profit distribution plan is subject to approval at the shareholders' annual general meeting before implementation. The Board of Directors believes that this plan complies with relevant regulatory requirements and will not have a significant impact on the company's operational cash flow and long-term development.
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