Various Dividends and Buybacks, with Key Performance Metrics Exceeding Expectations in the Long Term!

Although it was known in advance that China Hongqiao Group Limited (01378.HK) would deliver an impressive performance in 2024, the actual announcement still came as a shock. As a company with annual revenue in the hundreds of billions and net profit in the tens of billions, China Hongqiao has forecasted a year-on-year increase of approximately 95% in net profit for 2024.

Looking across the entire Hong Kong stock market, among companies of such a large scale, only Hongqiao has achieved a doubling of net profit. Setting aside the performance, the recent large-scale buybacks and asset restructuring by China Hongqiao are also positive developments that warrant continued attention.