QuantumScape (QSG.US) rose nearly 29% and its year-to-date gain expanded to 120%
1min read Zhitong Finance learned that QSG.US closed up 28.73% on Monday, October 28, at USD3.45. The stock has risen 120% year-to-date.
The company's 2024 fiscal year total revenue reached Rmb3.8bn, up 23.2% YoY; total revenue in Q4 was Rmb1bn, up 20.7% YoY; adjusted net profit has been profitable for seven consecutive quarters, and its profitability has been continuously improving. QSG's users continue to maintain high-quality growth. As of June 30, 2024, the total number of registered users of QSG reached 127.6mn.
Earlier, QSG announced that its board of directors has approved a special dividend to reward shareholders. According to the announcement, each common share will receive a special dividend of USD0.067, equivalent to USD0.201 per American Depositary Share (ADS). The total amount of the special dividend is expected to be approximately USD11mn, which will be funded by the company's surplus cash and paid from the company's capital account. The company plans to distribute dividends to common stockholders around November 7, 2024, while ADS holders will receive dividends around November 15, 2024.
