RONGSHEGN ENVIRONMENTAL(SH:603165)2024-09-10 08:41Company Overview - The company is Zhejiang Rongsheng Environmental Paper Co., Ltd., with stock code 603165 and convertible bond code 113676 [1] - The company held an investor relations activity from August 29 to September 9, 2024, including a phone conference [2] Business Performance - The company reported a gross profit margin higher than its peers due to low energy costs from self-generated electricity and steam [3] - R&D expenses for the first half of 2024 were approximately RMB 65.32 million, a year-on-year increase of 23.37% [3] Project Updates - The new headquarters building construction began in early 2024 and will serve as a management and R&D center [3] - The aramid new material project is currently in the early stages of development [3] Share Buyback - The first share buyback was completed on April 28, 2023, with 7,716,600 shares repurchased [4] - As of August 31, 2024, a total of 5,607,356 shares have been repurchased, accounting for 2.01% of the total share capital [4] Dividend Policy - The company emphasizes shareholder returns, with a cash dividend of RMB 0.49 per share (tax included) planned for 2023 [4] - Future dividend plans will consider the company's profitability, cash flow, and operational needs [4]