Linyang Energy announced its “2024 Q3 Profit Distribution Plan” and “2024 Efficiency, Quality and Return Enhancement Action Plan.”

On November 11, Linyang Energy announced its “2024 Q3 Profit Distribution Plan” and “2024 Efficiency, Quality and Return Enhancement Action Plan.”

The company proposes a cash dividend of CNY 0.268 per share (pre-tax), or CNY 2.68 per 10 shares, totaling CNY 547 million (pre-tax). This payout amounts to 60.11% of net profit attributable to shareholders from the first three quarters of 2024, underscoring Linyang Energy’s commitment to maximizing shareholder value.

In addition to high dividends, the 2024 Action Plan includes a shift from a single annual dividend to multiple payouts each year, providing shareholders with more active participation in the company’s growth.

Since going public, Linyang Energy has distributed a total of CNY 3.331 billion in cash dividends, including share buybacks, with CNY 1.658 billion issued over the past three years alone—all with a payout ratio above 50%.

Dedicated to steady growth and ongoing innovation, Linyang Energy will continue to implement a “sustainable, stable, and reasonable” profit distribution strategy, ensuring solid returns for our shareholders while balancing both immediate and long-term interests.