Summary by Futu AI
CHINA MEITUNG AUTOMOBILE HOLDINGS LIMITED (“MEITUNG AUTOMOBILE”) HAS ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. The report showed that revenue for the year decreased slightly by 0.3% to RMB28,554.6 million; gross profit was RMB2,077.9 million, gross margin was 7.3%; profit for the year was RMB155.8 million. THE COMPANY PROPOSES A FINAL DIVIDEND OF RMB0.0330 PER COMMON SHARE AND A TOTAL DIVIDEND OF RMB0.0417 PER COMMON SHARE FOR THE FULL YEAR, WITH A DIVIDEND OF APPROXIMATELY 40%. Faced with an uncertain macroeconomic outlook and intense competition in the automotive marketing industry, Mideast said it will continue to maintain efficient turnover, increase the profitability of new passenger car sales and after-sales services, and explore new energy market opportunities.