CHINA RES MIXC (01209) saw its shares rise more than 4% in afternoon trading. At the time of writing, the stock was up 4.06%, trading at HK$48.66 with a turnover of HK$1.2 billion. The increase follows the company's release of its annual results. Revenue reached RMB 18.02 billion, a year-on-year increase of 5.1%. Net profit attributable to shareholders was RMB 3.969 billion, up 10.3% compared to the previous year. Core net profit came in at RMB 3.95 billion, marking a 13.7% increase. The company declared a dividend of RMB 3.951 billion, representing a 100% payout ratio relative to its core net profit. This marks the third consecutive year the company has distributed its entire core net profit as dividends. A research report from Changjiang Securities stated that CHINA RES MIXC is a long-term investment target possessing both a "favorable sector" and "strong corporate" attributes. The company is a rare leader covering all business formats, with excellent commercial operation capabilities supporting resilient growth in its shopping centers and high-quality property management driving revenue improvement. Distributing 100% of core net profit as dividends for three consecutive years rewards shareholders and demonstrates solid financial strength and a commitment to shareholder returns. Ample cash on hand and a flexible decision-making mechanism are expected to support the sustained and high-quality development of this premier commercial management firm.