Orient Securities(SH:600958) Sou Hu Cai Jing·2025-03-29 18:43Core Viewpoint - Dongfang Securities (600958) has shown positive financial performance with significant year-on-year growth in revenue and net profit for 2024, indicating a strong operational capacity and potential for future growth [2][4]. Financial Performance Summary - For the year 2024, the company reported a total revenue of 19.19 billion RMB, representing a year-on-year increase of 12.29% [2][4]. - The net profit attributable to shareholders reached 3.35 billion RMB, marking a year-on-year growth of 21.66% [2]. - The net profit excluding non-recurring items was 3.24 billion RMB, which is a 23.36% increase compared to the previous year [2]. - In Q4 2024, the company achieved a quarterly revenue of 5.11 billion RMB, reflecting a substantial year-on-year increase of 50.53% [2][4]. - The quarterly net profit attributable to shareholders for Q4 was 48.16 million RMB, showing a remarkable year-on-year growth of 146.57% [2]. - The net profit excluding non-recurring items for Q4 was 56.85 million RMB, which is a 164.43% increase year-on-year [2]. Dividend Distribution Summary - The company announced a profit distribution plan for 2024, proposing a cash dividend of 1.00 RMB per 10 shares (including tax) [3][4]. - Based on the total share capital of 8,496,645,292 shares as of December 31, 2024, the total cash dividend payout is estimated to be approximately 846.18 million RMB, which accounts for 25.26% of the net profit attributable to shareholders for 2024 [3]. - The total cash dividends distributed for the first half of 2024 amounted to approximately 634.64 million RMB, leading to a cumulative dividend total of approximately 1.48 billion RMB for the year, representing 44.20% of the net profit attributable to shareholders [3].