Summary by Futu AI
KYOTO GROUP ANNOUNCED ON 6 MARCH 2024 UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED 31 DECEMBER 2023. The report showed that revenue for the fourth quarter of 2023 was RMB3,061 billion and annual revenue reached RMB10,847 billion, up 3.6% and 3.7%, respectively, from the same period last year. Operating profit for the fourth quarter was RMB20 billion and operating profit was RMB260 billion for the full year. In addition, the company announced that it will implement a new share repurchase program with a total share repurchase of no more than $30 billion over the next 36 months. At the same time, the company announced that it will distribute a cash dividend for the year ended December 31, 2023 at $0.38 per common share or $0.76 per share of US depositary shares. The total dividend is approximately USD 12 billion and is expected to be paid on 23 April 2024 and 29 April 2024 to holders of common stock and US depositary shares. KYOTO GROUP'S PERFORMANCE GROWTH WAS DRIVEN BY ITS SUPPLY CHAIN-BASED TECHNOLOGY AND SERVICES, AS WELL AS A FOCUS ON USER EXPERIENCE AND MARKET SHARE GROWTH.