Huaxin Cement : Announcement on 2024 Profit Distribution Proposal

About this update from Huaxin Building Materials Group Co., Ltd. Class A

[{"type":"text","content":"\n Stock Codes: 600801\n \n \n Stock Abbreviations: Huaxin Cement\n \n \n Ref: 2025-008\n \n Huaxin Cement Co., Ltd.\n \n \n Announcement on 2024 Profit Distribution Proposal\n \n \n To the best of our knowledge, the Board of Directors of the Company and its members confirm that there is no material false or misleading statement or material omission in this announcement and shall be severally and jointly liable for the truthfulness, accuracy and completeness of its content.\n \n \n Importance:\n \n Distribution ratio per share: Cash dividend of 0.46 Yuan per share (incl. tax).\n The profit distribution is based on the total shares registered on the equity rights registration date. The specific date will be specified in the Announcement on 2023 Dividend Distribution. If the total share capital of the company changes before the record date for the implementation of equity distribution, it is proposed to maintain the total distribution amount unchanged, adjust the distribution ratio per share accordingly, and the specific adjustment will be announced separately.\n \n ●The profit distribution does not trigger the scenario stipulated in Item (8) of Article\n \n \n 9.8.1 of the \"Stock Listing Rules of Shanghai Stock Exchange (Revised in April 2024)\" that may lead to the implementation of other risk warnings.\n \n \n I. Profit Distribution Proposal\n \n \n (I) The specific content of the profit distribution proposal\n \n \n Audited by Ernst & Young Hua Ming Certified Public Accountants LLP, in 2024, the net profit of the Company in 2024 amounted to RMB 1,928,498,891, and the consolidated net profit attributable to the shareholders amounted to RMB 2,416,280,487. The profit of the Company available for distribution was RMB 10,748,397,602 as at the end of 31 December 2024.\n \n \n According to the resolution of the Tenth Meeting of the Eleventh Board of Directors of the Company, the profit distribution is based on the total number of shares registered on the record date for implementing dividend distribution. The profit distribution proposal is as follows:\n \n \n Based on the Company's total share capital of 2,078,995,649 shares on the record date for the implementation of the profit distribution for year 2024, a cash dividend of RMB 0.46 per share (tax inclusive) was proposed to be distributed to all shareholders. The total amount...

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