创新实业：2025 profit +33% YoY; surprising dividend-20260318
Chuangxin IndustriesChuangxin Industries(HK:02788) Zhao Yin Guo Ji·2026-03-18 01:24

18 Mar 2026 CMB International Global Markets | Equity Research | Company Update Chuangxin Industries (2788 HK) Chuangxin Industries (2788 HK) 2025 profit +33% YoY; surprising dividend Chuangxin's net profit in 2025 grew 33% YoY to RMB2.73bn, which is 5% above our expectations but 2% below Bloomberg consensus. Chuangxin proposed a final dividend of HK$0.77/shr, equivalent to ~54% payout, which is higher than our expectation. Meanwhile, Chuangxin announced two connected transactions, including (1) the acquisi ...