Hongfa(SH:600885) Zheng Quan Zhi Xing·2025-03-28 09:17Core Viewpoint - The company plans to distribute profits and increase capital through a public reserve fund for the year 2024, proposing a cash dividend of 0.515 yuan per share and a capital increase of 0.4 shares per share [1][2]. Profit Distribution Plan - As of December 31, 2024, the company's undistributed profits amount to 537,596,503.75 yuan, with a total share capital of 1,042,676,146 shares, leading to a total cash dividend distribution of 536,978,215.19 yuan, which represents 32.92% of the net profit attributable to shareholders [2][3]. - The company will maintain the total distribution amount unchanged even if there are changes in total share capital due to convertible bonds, share buybacks, or other factors, adjusting the per-share distribution accordingly [2][3]. Risk Warning Situations - The proposed profit distribution and capital increase do not trigger any risk warning situations as per the Shanghai Stock Exchange listing rules [3][4]. - The cumulative cash dividend over the last three accounting years amounts to 1,370,075,771.95 yuan, with an average net profit of 1,424,738,371.66 yuan, indicating a cash dividend ratio of 96.16% [4]. Decision-Making Process - The company's board of directors approved the profit distribution and capital increase plan on March 27, 2025, and it will be submitted for review at the 2024 annual shareholders' meeting [4]. - Independent directors also held a meeting on the same day to review and approve the plan, ensuring compliance with the company's profit distribution policy [4].