Carote Ltd (02549.HK) saw its stock price plummet by 5.20% in early trading on Thursday, despite the company's recent announcement of a final dividend and the release of its full-year financial results. This sharp decline suggests that investors may have been disappointed with the company's performance or future outlook.

On Wednesday evening, Carote Ltd reported its financial results for the fiscal year, revealing a total revenue of RMB2,073.3 million and a net profit of RMB356.0 million. Additionally, the company declared a final dividend of HK$0.1408 per share. While these figures demonstrate profitability, the market's negative reaction indicates that they may have fallen short of expectations or raised concerns among investors.

The significant drop in Carote Ltd's stock price, occurring just after the release of its financial report and dividend announcement, could be attributed to various factors. Investors might have anticipated stronger financial performance, higher dividend payouts, or more optimistic future guidance. It's also possible that broader market conditions or sector-specific concerns are influencing the stock's performance. As the trading day progresses, market analysts will likely provide more insights into the reasons behind this unexpected downturn.