On December 11, Gelonghui | Wuyang Automation (300420.SZ) announced that Shenzhen Weichuang Automation Equipment Co., Ltd. (hereinafter referred to as “Weichuang Automation”), a wholly-owned subsidiary of the company, will distribute profits of RMB 150,000,000.00 to shareholders in cash using Weichuang Automation's accumulated undistributed profits audited in 2023 in accordance with the provisions of its “Articles of Association” and as determined by shareholders. As of the disclosure date of this announcement, the company has received dividends from Weichuang Automation, totaling RMB 150,000,000.00.
Weichuang Automation is a wholly-owned subsidiary of the company included in the scope of consolidated statements. The above profit distribution will increase the net profit of the company's 2024 parent company statement, but will not increase the net profit of the company's 2024 consolidated statement. Therefore, it will not affect the company's overall operating performance in 2024.
