Core Viewpoint - Cathay Environmental announced a cash distribution plan for the fiscal year 2024, proposing a dividend of 7 yuan per 10 shares (including tax), with a total cash payout of 56 million yuan, representing 42.45% of the net profit and a dividend yield of 2.25% based on the average trading price for 2024 [2][3]. Financial Performance - For the fiscal year 2024, Cathay Environmental reported a revenue of 316 million yuan, a year-on-year increase of 1.98%, and a net profit of 132 million yuan, a year-on-year decrease of 4.80%. The basic earnings per share were 1.65 yuan, with a weighted average return on equity of 9.22% [3]. Dividend History - The company has a history of cash distributions since its listing, with the following details: - 2024.12.31: 10 shares pay 7 yuan (total cash payout: 56 million yuan, dividend yield: 2.25%) - 2024.09.30: 10 shares pay 8 yuan (total cash payout: 64 million yuan, dividend yield: 2.55%) - 2023.12.31: 10 shares pay 15 yuan (total cash payout: 120 million yuan, dividend yield: 3.20%) - 2022.12.31: 10 shares pay 15 yuan (total cash payout: 120 million yuan) [3]. Market Activity - The stock experienced a net inflow of 724,500 yuan from main funds today, but over the past five days, there was a net outflow of 3.78 million yuan [4]. - The latest margin financing balance for the stock is 40.06 million yuan, with a decrease of 2.34 million yuan over the past five days, representing a decline of 5.52% [5]. Industry Comparison - In the environmental protection industry, 50 companies have announced their 2024 cash distribution plans. The highest cash payout was from Shou Chuang Environmental at 1.248 billion yuan, followed by Weiming Environmental and Hanlan Environment with payouts of 813 million yuan and 652 million yuan, respectively [5].
国泰环保2024年度拟派5600万元红包