CGN Mining's stock price surged 5.19% in Friday's trading session, following the release of its annual financial results and dividend announcement. The company's strong performance and shareholder-friendly move have boosted investor confidence, driving the stock higher.

According to the latest financial report, CGN Mining achieved a net income of HKD 342 million for the fiscal year. While the company's revenue came in at HKD 8,624.3 million, slightly below the IBES estimate of HKD 9,562 million, investors appeared to focus on the bottom-line performance and the company's ability to generate profits in a challenging environment.

In a move that further pleased shareholders, CGN Mining declared a final cash dividend of HK0.7 cent per share for the year. This dividend announcement demonstrates the company's commitment to returning value to its investors and may have contributed to the positive sentiment surrounding the stock. The combination of solid financial results and a dividend payout has likely attracted both value and income-focused investors, driving up demand for CGN Mining shares and resulting in the significant price increase observed in the market.