Hong Kong Stock Update | AUX ELECTRIC (02580) Surges Over 6% Again, Board Approves Three-Year Dividend Plan, Company Maintains Steady Domestic Sales

Stock News
10/27

According to reports, AUX ELECTRIC (02580) has surged over 6%, and as of the time of this report, the stock is up 5.78%, trading at HKD 15.93, with a transaction volume of HKD 38.03 million. In news, AUX ELECTRIC's board of directors has approved a dividend distribution plan, committing to declare and pay dividends to shareholders for the three fiscal years ending December 31 of 2025, 2026, and 2027. Depending on market conditions and final approvals from the board at relevant times, the company aims to maintain dividend declarations and payments for these three fiscal years, with annual dividends not less than 75% of the net profit attributable to shareholders for the respective fiscal year. Huatai Securities' research report highlights that AUX ELECTRIC is the fifth largest air conditioning provider globally and the fourth largest in China, with its air conditioning business spanning over 150 countries and regions. The company specializes in household air conditioners and central air conditioning systems, covering different price segments through its main brand AUX and three sub-brands: ShinFlow, Huasuan, and Aufit. Domestic sales remain steady, while external sales are rapidly growing, driven by both ODM and OBM strategies. The company's manufacturing efficiency and cost control capabilities are leading, showcasing a promising long-term growth potential.

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