GAC GROUP(601238) 证券之星·2025-03-28 16:18Core Viewpoint - Guangzhou Automobile Group Co., Ltd. has announced its profit distribution plan for the year 2024, proposing a cash dividend of RMB 0.02 per share, which reflects a total cash distribution of approximately RMB 514 million, accounting for 62.43% of the net profit attributable to shareholders for the year [3][5][6]. Profit Distribution Plan - The company plans to distribute a cash dividend of RMB 0.02 per share (including tax), based on a total share capital of 10,183,554,450 shares [3][6]. - The total cash dividend for 2024 is estimated at RMB 514,126,340.04, which is significantly lower than the previous years' distributions of RMB 1,572,967,709 in 2023 and RMB 2,514,962,673.66 in 2022 [5][6]. - The company's retained earnings as of December 31, 2024, amount to RMB 53,982,027,121 [3][5]. Historical Performance - The net profit attributable to shareholders for 2024 is reported at RMB 823,581,893, a substantial decrease from RMB 4,428,903,018 in 2023 and RMB 8,063,678,781 in 2022 [5][6]. - Over the last three accounting years, the cumulative cash dividend amounts to RMB 4,602,056,722.70, with an average net profit of RMB 4,438,721,230.67 [5][7]. Decision-Making Process - The profit distribution plan was unanimously approved during the 84th meeting of the sixth board of directors held on March 28, 2025, and will be submitted for approval at the 2024 annual general meeting [7][8]. - The supervisory board has confirmed that the decision-making process and the form of profit distribution comply with the company's articles of association and the shareholder dividend plan for 2024-2026 [7].