Guangzhou Friendship Group Co LtdImpact on stocks 1
Guangzhou Friendship Group Co LtdYuexiu Capital announced it has received a proposal from the board's strategy and sustainability committee regarding the 2026 interim profit distribution plan. The proposal suggests a cash dividend of no less than 1.80 yuan per 10 shares, tax inclusive, to all shareholders, with the total cash dividend amounting to no less than 30 percent of the interim net profit attributable to the parent company. The company had earlier issued a positive profit alert, estimating interim net profit attributable to the parent at 2.727 billion to 3.039 billion yuan, a year-on-year increase of 75 to 95 percent, while recurring net profit attributable to the parent is expected to reach a record high for the same period at 2.176 billion to 2.488 billion yuan. Compared with the 2025 interim dividend of 0.90 yuan per 10 shares, the proposed payout doubles, marking a significant increase in distribution strength. The final dividend plan is subject to approval by the board of directors.
Guangzhou Friendship Group Co Ltd