Recently, LB Group released its 2024 annual report, revealing its worst performance in eight years. During the reporting period, the company recorded operating revenue of RMB 27.539 billion, up 2.80% year-on-year, while net profit fell by 32.79% to RMB 2.169 billion. In the first quarter of 2025, net profit stood at RMB 686 million, marking a 27.86% year-on-year decline. Despite the downturn, the company maintained a generous dividend policy, distributing RMB 2.144 billion in 2024 and planning a payout of RMB 1.186 billion for the first quarter of 2025.
Perhaps to reassure the market, LB Group simultaneously announced a share repurchase plan. The chairman He Bengliu proposed buying back RMB 300–500 million worth of shares via centralized bidding for use in employee stock ownership plans or equity incentives.
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