HK Stock Market Move | AUX ELECTRIC (02580) rose by over 6% again, the board of directors approved a three-year dividend payment plan, and the company's domestic sales remain stable.

AUX ELECTRIC (02580) rose more than 6%, reaching 5.78% at the time of publication, at 15.93 Hong Kong dollars, with a trading volume of 38.03 million Hong Kong dollars. On the news front, AUX ELECTRIC announced that the board of directors has approved a dividend payout plan. The company will declare and pay dividends to shareholders for the three years ending on December 31, 2025, 2026, and 2027. According to the dividend payout plan, depending on market conditions at the time and final approval by the board, the company will maintain declaring and paying dividends for the three years ending on December 31, 2025, 2026, and 2027. The annual dividend will be no less than 75% of the company's attributable net profit for the relevant fiscal year. Huatai's research report points out that AUX ELECTRIC is the fifth largest global air conditioning provider and the fourth largest in China, with air conditioning operations in over 150 countries and regions worldwide. The company's main products are household air conditioners and central air conditioning, with the main brand being AUX and three sub-brands, ShinFlow, Huaguang, and Aufit covering different price segments. The company's domestic sales remain stable, while exports are rapidly growing under the dual-drive of ODM+OBM, leading in manufacturing efficiency and cost control capabilities, showing potential for long-term growth.