Summary by Futu AI
CRRC Corporation (referred to as "CRRC") announced its "Improving Quality, Increasing Efficiency, and Returning Value" action plan for 2024, aimed at enhancing the quality of the company's operation and increasing investor returns. The plan includes constructing a "double-track, double-cluster" industrial pattern, accelerating market expansion, enhancing technological innovation, and strengthening communication with investors to enhance market recognition. CRRC emphasizes that it has implemented cash dividends every year since its establishment, and it approved the profit distribution plan for 2023 at the shareholders' meeting on June 18, 2024, planning to distribute cash dividends of RMB 5.74 billion. The company also values market cap management and is committed to optimizing corporate governance and strengthening the responsibility of "key minorities". Chairman Sun Yongcai stated that the company will continue to evaluate the specific measures of the action plan and fulfill its information disclosure obligations in a timely manner. The announcement was made on July 3, 2024.