拟10派28.10元，002032现金分红比例近100%

Core Viewpoint - Supor's strong dividend policy reflects its commitment to shareholder interests and confidence in future growth, supported by robust profitability and market potential [2]. Financial Performance - In 2024, Supor achieved a revenue of 22.427 billion yuan, a year-on-year increase of 5.27% - The net profit attributable to shareholders was 2.244 billion yuan, up 2.97% year-on-year [1]. - The company proposed a cash dividend of 28.10 yuan per 10 shares, totaling 2.239 billion yuan, maintaining a nearly 100% cash dividend payout ratio [1]. Dividend History - Since its listing in 2004, Supor has distributed dividends 23 times, with a cumulative payout of 15.742 billion yuan [1]. - The dividend payout ratio has consistently remained above 80%, with rates of 80.22% in 2021, 166.75% in 2022, and 99.8% in 2023 [1]. - The dividend yield for the years 2021 to 2023 was 3.10%, 8.65%, and 5.15% respectively [1]. Business Segments - In the product business segment, the cookware division generated revenue of 6.836 billion yuan, a year-on-year increase of 12.88% - The electrical appliances segment achieved revenue of 15.300 billion yuan, up 2.25% year-on-year [2]. - Domestic sales faced challenges with a revenue of 14.925 billion yuan, down 1.21% year-on-year, while international sales grew significantly to 7.502 billion yuan, a 21.07% increase [2]. Market Position - Supor's market share in the cookware sector continues to grow, maintaining the top position in both online and offline markets [2]. - The company outperformed the industry average in the kitchen small appliances sector, with increased market shares in both online and offline channels [2]. Future Strategy - In 2025, the domestic kitchen cookware and small appliances industry will face both challenges and opportunities - The company plans to upgrade product structures to stimulate demand for traditional product replacements and explore new categories and scenarios for growth [3].