China Mengniu Dairy (02319.HK) saw its stock price surge by 5.09% in early trading on Thursday, following the release of its impressive full-year financial results. The company's strong performance and generous dividend announcement have sparked investor enthusiasm.
According to the financial report released late Wednesday, China Mengniu Dairy achieved a revenue of RMB 88,674.8 million for the fiscal year. The company's gross profit reached RMB 35,090.4 million, demonstrating robust operational efficiency. Moreover, the profit attributable to shareholders amounted to RMB 104.5 million, indicating a solid bottom line performance.
Investors were particularly encouraged by the company's decision to distribute a final dividend of RMB 0.509 per ordinary share, signaling confidence in its financial stability and commitment to shareholder returns. This combination of strong financial results and attractive dividend policy appears to be the primary driver behind the stock's significant uptick in the market.
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