Movement Alert|Giant Biogene Rises 5.33% in Regular Trading, Shareholders Approve Generous Dividend of RMB 1.2104 Per Share

Market Focus05-29

On May 29, Giant Biogene rose 5.33% in regular trading, trading at HKD 28.48 per share, with trading volume of HKD 77.93 million.

On the news front, the company held its annual general meeting on May 28, unanimously approving a combined final and special dividend totaling RMB 1.2104 per share. The payout comprises a final dividend of RMB 0.539 per share (approximately HKD 0.6187) and a special dividend of RMB 0.6714 per share (approximately HKD 0.7707), converted at an exchange rate of RMB 1 to HKD 1.1479. The ex-dividend date is set for June 1, with the payment scheduled for June 25. Based on the current share price, the combined dividend implies a yield of approximately 4.9%, reflecting a shareholder-friendly capital return policy despite the company reporting a 7.1% year-over-year decline in net profit to approximately RMB 1.91 billion for fiscal year 2025 on revenue of RMB 5.52 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment