PICC(SH:601319) Zheng Quan Zhi Xing·2025-03-27 13:11Core Viewpoint - China People's Insurance Group Co., Ltd. proposes a cash dividend of 1.17 RMB per 10 shares, totaling 5.174 billion RMB, marking a 15.4% increase in total dividends for 2024 compared to the previous year, reaching a historical high [1][2][6]. Profit Distribution Plan - The proposed profit distribution plan is based on a total share capital of 44,223,990,583 shares, with a cash dividend of 1.17 RMB per 10 shares, amounting to 5.174 billion RMB [1][2]. - The total cash dividend for 2024, including the mid-year dividend, will be 1.80 RMB per 10 shares, which is a 15.4% increase from the previous year [1][6]. Recent Financial Performance - The cumulative cash dividend from 2022 to 2024 reached 22.2 billion RMB, with a cash dividend payout ratio of 74.0% over the three years [2][3]. - The net profit attributable to shareholders for 2024 is reported at 428.69 billion RMB, with a total cash dividend of 79.60 billion RMB proposed for the year [3][6]. Strategic Considerations - The company aims to retain undistributed profits to enhance capital strength and maintain a good financial condition, focusing on insurance product innovation and technology upgrades for sustainable development [6][7]. - The company emphasizes communication with investors, particularly small and medium investors, to gather feedback on profit distribution and dividend expectations [7]. Decision-Making Process - The board of directors held a meeting on March 27, 2025, to review and approve the profit distribution proposal, which will be submitted for shareholder approval [7][8]. - The supervisory board supports the board's adherence to cash dividend policies and the decision-making process [7].