Puya semiconductor(SH:688766) Zheng Quan Zhi Xing·2025-03-30 08:10Core Viewpoint - The company plans to distribute profits and increase share capital through a cash dividend of 0.43 CNY per share and a capital reserve conversion of 0.4 shares per share for the fiscal year 2024 [1][2][3] Profit Distribution Plan - The total undistributed profit as of December 31, 2024, is 588,580,117 CNY, with a total share capital of 105,609,735 shares, minus 279,160 shares held in the repurchase account, resulting in 105,330,575 shares eligible for distribution [2][3] - The total cash dividend to be distributed amounts to 45,292,147.25 CNY (including tax), with the total cash dividend for the year, including mid-year distributions, reaching 65,304,956.50 CNY, which represents 22.33% of the net profit attributable to shareholders [2][4] Share Capital Increase - The company plans to increase its total share capital to 147,741,965 shares after the conversion of 42,132,230 shares from capital reserves [3][4] - The company will maintain the distribution and conversion ratios even if the number of shares in the repurchase account changes before the record date [3][4] Company Financial Performance - The net profit attributable to shareholders for the fiscal year 2024 is 292,416,562.47 CNY, a significant recovery from a loss of 48,274,289.54 CNY in the previous year [4] - The cumulative cash dividends over the last three years total 75,651,878.73 CNY, with an average net profit of 109,096,207.22 CNY [4] Industry Context - The company operates in the non-volatile memory chip design and sales sector, which is part of the integrated circuit design industry, characterized by rapid growth and increasing competition [4][5] - The industry faces high entry barriers and requires significant investment in talent and technology, with a growing demand for innovative products driven by emerging technologies [4][5][6] Future Plans and Use of Retained Earnings - The company intends to use retained earnings to enhance product performance, expand production capacity, and explore new market opportunities [6][7] - The focus will be on maintaining competitive advantages in various sectors, including IoT, mobile devices, and automotive electronics [6][7] Decision-Making Process - The profit distribution and capital reserve conversion plan was approved by the board of directors and will be submitted for shareholder approval [8][9] - The supervisory board supports the plan, stating it aligns with the company's funding needs and long-term development strategy [9]