Core Viewpoint - Weichai Power has demonstrated strong financial performance and technological advancements, allowing the company to confidently distribute dividends to its investors Financial Performance - In 2024, Weichai Power achieved operating revenue of 215.69 billion yuan, a year-on-year increase of 0.81% [1][5] - The net profit reached 11.40 billion yuan, marking a year-on-year growth of 26.51% [1][5] - The net profit excluding non-recurring items was 10.53 billion yuan, up 30.29% year-on-year [1][5] - For the first time, both net profit and net profit excluding non-recurring items exceeded 10 billion yuan, setting a historical record [6] Profitability Metrics - The gross profit margin for 2024 was 22.43%, the highest since 2017 [2][8] - By the end of 2024, the asset-liability ratio was 64.53%, a decrease of 2.66 percentage points compared to the same period last year [7] Research and Development - From 2021 to 2024, Weichai Power's R&D expenses increased, totaling approximately 31.4 billion yuan over four years [3][9] - R&D personnel accounted for 18.08% of the workforce by the end of 2024, up from 16.81% the previous year [9] - The company has made significant advancements in diesel engine thermal efficiency, achieving a breakthrough of 53% in 2024 [3][10] Dividend Distribution - Weichai Power plans to distribute a total dividend of 6.27 billion yuan in 2024, with a cash dividend of 3.47 yuan per share [4][11] - The total cash dividend for 2024, including interim distributions, amounts to 6.27 billion yuan [11]