XCMG Announces 20% Dividend Increase Following Record-Breaking Performance

In a remarkable display of resilience and growth, XCMG has announced a proposed 20% increase in its annual dividend, following an impressive year that saw the company achieve a historic high in international revenue and maintain its position as the industry leader in China. The company's business income reached 92.848 billion yuan, with international revenue soaring to 37.220 billion yuan, accounting for 40.09% of total income.

The proposed dividend for the fiscal year 2023 stands at 1.80 yuan per ten shares （tax included）， amounting to approximately 2.127 billion yuan in cash dividends—a significant increase from the previous year and representing 40% of the company's net profit attributable to the parent. Additionally, XCMG is actively implementing a stock buyback plan valued between 300 million and 600 million yuan.