Guanxing KY plans to distribute a cash dividend of 7 yuan per share, setting a new high since listing.

(Provided by Guanxing-KY)

[Reporter Huang Haochen/Taipei Report] Sportswear staple fabric factory Guanxing-KY (4439) announced its financial report for the past (2022) today, benefiting from factors such as the decline in raw material prices, the increase in sales unit prices, and the depreciation of the RMB. Earnings hit a record high of 442 million yuan, an annual increase of 31.5%, EPS 11.74 yuan; In addition, the board of directors of Guanxing also decided to distribute a cash dividend of 7 yuan per share, which is the highest dividend since the company went public. Calculated based on today's closing price of 110 yuan , The cash yield is about 6.36%.

Guanxing said that in the first half of this year, in terms of customer inventory adjustment, the overall orders in the first half of the year were weak, and customers were still adjusting inventory. Compared with the high base period of the same period last year, the recession is predictable. It is expected to wait until the end of March, The status of orders for the second half of the year will not be clear until early April.

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In addition, Guanxing also decided to issue a cash dividend of 7 yuan per share, which is the highest dividend since its listing, and held a shareholders' meeting on June 15; in addition, in consideration of the group's business development strategy, Guanxing announced that it will convert its Taiwan office into a Taiwan branch to adjust the company's organizational structure.

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