Reported about 1 year ago
Reporter Lin Jin-jie/Taipei reports: Hua Nan Financial Holding (5880) held its shareholders' meeting on June 21, 2024, approving this year's distribution of cash dividends of 0.65 per share and stock dividends of 0.35 per share. Chairman Dong Ruibin stated that when Hua Nan Financial Holding was listed at the end of 2011, the stock price was 19.3 yuan, and by the 20th, it was 26.15 yuan. Over the past 13 years, they have continuously issued dividends, including cash and stock dividends. If all distributions are considered along with price differences, the original total return rate for investing in Hua Nan Financial reaches 190%, equivalent to doubling, showing solid performance. Hua Nan Financial's General Manager Chen Meizu noted that as of the end of last year, Hua Nan's total assets reached 4.8 trillion yuan, making it the sixth-largest financial holding company in the country. Although profits declined last year, pre-profit growth for the bank increased by 20%, indicating growth momentum in the banking sector. This year they have returned to a growth trajectory and are looking forward to actively seizing opportunities in the recovering economy and the AI wave. Today's shareholders' meeting agenda included Chen Meizu's 2023 operating report, the annual accounting audit process report of the Audit Committee, reports on the distribution of annual directors and employee remuneration, approval of the 2023 operating report and financial statement, and annual profit distribution. All proposals were unanimously passed with applause, and the shareholders' meeting concluded smoothly in about an hour.
Source: YAHOO