Dividend PayoutDividend hike to improve shareholder return, with the company committing to a dividend payout ratio of 75% by FY26 after reaching 70% in FY23.
Financial PerformanceNet profit increased by 8.2% y/y to RMB21.8bn, 12% above market expectations, due to higher-than-expected share of profits of associates and joint ventures.
Industrial DigitalisationIndustrial digitalisation business is the key growth driver, with revenue in this segment growing by approximately 18% year-on-year in FY23, and strong growth is expected to sustain into FY24.