DCH earns 2% more dividends for the year. 12.38 cents

DCH (01828) earned 2.2% to 820 million yuan last year, with a basic earnings per share of 44.1 sen, a final dividend of 12.38 cents, an increase of 4%, and a full year dividend of 17.43 cents, an increase of 2.8%. Last year, revenue fell 0.7% year-on-year to 50.88 billion yuan. Excluding the impact of financial reporting standards, revenue rose 3.6% year-on-year.

Affected by the decline in sales of mainland cars and the expansion of the 4S store network, the profit of the Group’s largest profit source of auto business decreased by 6% year-on-year to RMB 1.105 billion. In the consumer goods business segment, it was dragged down by losses in the Mainland food and consumer goods business. Last year, it recorded a loss of 2 million yuan. DCH said that the problems in the food and consumer goods business in the Mainland were more serious than expected. The business management team had been rebuilt since the end of last year and the target was to stop losses this year.