Luzhou Bank (01983.HK) saw its stock price surge 5.03% in the morning trading session on Thursday, following the release of its full-year financial results and dividend announcement late Wednesday. The strong performance reflects investors' positive reaction to the bank's solid financial metrics and shareholder-friendly policies.
According to the financial report, Luzhou Bank posted an operating income of RMB 5,209 million for the fiscal year. The bank's net income reached RMB 1,276 million, demonstrating its ability to generate profits in a challenging economic environment. Moreover, Luzhou Bank announced a cash dividend of RMB 1.2 for every 10 shares, signaling confidence in its financial position and commitment to returning value to shareholders.
Investors were also encouraged by Luzhou Bank's strong capital position, with the core tier-one capital adequacy ratio standing at 10.15% at the end of the fiscal year. This robust capital buffer suggests the bank is well-positioned to navigate potential economic uncertainties and support future growth. The combination of solid financial performance, attractive dividend policy, and strong capital position appears to have fueled investor optimism, driving the stock's significant uptick in early trading.
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