Yangzijiang Financial's FY2024 Net Profit Surges 51% to $304.6m

Yangzijiang Financial Holding Ltd. (SGX:YF8) has reported a remarkable 51% year-on-year (YoY) increase in net profit for the full year ended December 31, 2024. The company's net profit surged to $304.6 million, up from $201.8 million in the previous year. This impressive growth can be attributed to several factors, including a 12% increase in cash and yield enhancement products to $1.18 billion and a 150% increase in maritime fund assets to $579.3 million. Despite a 6% YoY drop in total income to $326.2 million, primarily due to lower interest income from reduced average balances of debt investments in China, the company's cash management activities and fund investments performed strongly, offsetting the decline in income from debt investments.

Yangzijiang Financial's proposed final dividend of $0.0345 per share, subject to shareholders' approval, reflects the company's commitment to returning value to its shareholders. This dividend proposal comes after the company reported a 51% year-on-year (YoY) rise in net profit to $304.6 million in FY2024, indicating strong financial performance. The proposed final dividend of $0.0345 per share, assuming a share price of $0.56 (as of 2025-02-25), would result in a dividend yield of approximately 6.1%. This is significantly higher than the dividend yields of its industry peers, indicating that Yangzijiang Financial is committed to returning a substantial portion of its earnings to shareholders.

In conclusion, Yangzijiang Financial's FY2024 net profit surge of 51% to $304.6 million demonstrates the company's strong financial performance and commitment to shareholder value. The company's diverse investment portfolio and effective management strategies have contributed to this impressive growth, positioning Yangzijiang Financial as a strong performer in the investment holding sector.