Xinyu Steel announced that its board of directors has reviewed and approved a revision to the shareholder return plan for the next three years, proposing to significantly increase the cash dividend payout ratio for 2026 to 2028 to no less than 50 percent of the annual distributable profit. At the same time, to stabilize market expectations, the board agreed that the annual cash dividend for the next three years will be no less than 0.1 yuan per share, and that share repurchases implemented with cash consideration will be treated as cash dividends and included in the ratio calculation. The revision is still subject to approval by the shareholders' meeting before implementation.
Xinyu Iron & Steel Co LtdCompany plans to raise cash dividend payout ratio to at least 50% of distributable profit over next three years, a positive capital allocation signal.