Core Viewpoint - Kede CNC has increased its registered capital and shares, reflecting a positive financial strategy and commitment to shareholder returns through cash dividends and stock increases [1][2] Group 1: Company Financials - As of July 25, 2025, Kede CNC's stock price closed at 58.07 yuan, up 0.66% from the previous week, with a market capitalization of 7.718 billion yuan [1] - The company announced a cash dividend of 2.45 yuan per 10 shares and a stock increase of 3 shares for every 10 shares held, resulting in an increase in registered capital from 1.02235906 billion yuan to 1.32906678 billion yuan [1] Group 2: Corporate Structure and Governance - Kede CNC's registered capital is now 1.32906678 billion yuan, with a total of 132,906,678 shares, all of which are ordinary shares with a par value of 1 yuan [2] - The company's governance structure includes a shareholders' meeting, board of directors, and supervisory board, each with defined responsibilities [2] - The profit distribution policy mandates that at least 10% of the distributable profits be allocated as cash dividends annually, with a cumulative cash dividend of no less than 30% of the average distributable profits over the last three years [2]

Core Viewpoint - As of July 21, 2025, Kede CNC (688305) closed at 57.49 yuan, experiencing a slight decline of 0.35% with a turnover rate of 1.01% and a trading volume of 13,400 shares, amounting to a total transaction value of 76.68 million yuan [1] Trading Information Summary - On July 21, Kede CNC's capital flow indicated a net outflow of 12.43 million yuan from main funds, accounting for 16.2% of the total transaction value; meanwhile, retail investors saw a net inflow of 9.38 million yuan, representing 12.24% of the total transaction value [2][4] Company Announcement Summary - Kede CNC held its 2024 annual shareholders' meeting on May 19, 2025, where it approved a profit distribution and capital reserve conversion plan. The company will distribute a cash dividend of 2.45 yuan per 10 shares (tax included) and will convert 3 shares for every 10 shares from the capital reserve, without issuing bonus shares. The registered capital increased from 1,022.36 million yuan to 1,329.07 million yuan, and the total number of shares rose from 102,235,906 to 132,906,678 shares. The company has completed the necessary business registration changes and received a new business license [2] Company Articles of Association - Kede CNC's articles of association outline the company's organizational structure and operational guidelines. The registered capital is 1,329.07 million yuan, with a total of 132,906,678 shares, all of which are ordinary shares with a par value of 1 yuan each. The articles specify the responsibilities and operational methods of the shareholders' meeting, board of directors, and supervisory board. The profit distribution policy emphasizes cash dividends, mandating that at least 10% of the distributable profits be distributed in cash annually, with a cumulative cash dividend of no less than 30% of the average distributable profits over the last three years. The company has established an internal audit system to ensure financial transparency and compliance [3]