Yanghe(SZ:002304) Shang Hai Zheng Quan Bao·2025-04-29 12:11Group 1 - The company has approved a profit distribution plan for 2024, proposing a cash dividend of 23.17 yuan per 10 shares, totaling approximately 3.49 billion yuan [15][16][67] - The company operates primarily in the production and sale of liquor, utilizing solid-state fermentation for production and both offline distribution and online direct sales for marketing [2][4] - The company has maintained its business model and has not undergone significant changes in its operations during the reporting period [2] Group 2 - The company reported a 31.92% decrease in operating revenue compared to the previous period, attributed to market conditions affecting liquor sales [75] - The company’s operating costs also decreased by 30.67%, reflecting the decline in sales revenue [75] - Research and development expenses increased by 246.35%, indicating a focus on enhancing product development [75] Group 3 - The company has a history of consistent cash dividends since its listing in 2009, with a total cash dividend amounting to 52.85 billion yuan (including the mid-2024 dividend) [67] - The company has implemented a "Quality Return Double Improvement" action plan to enhance operational quality and investor confidence [64][67] - The company has received an A rating for its information disclosure for twelve consecutive years, reflecting its commitment to transparency [68]