Yulong Declares NT$7 Cash Dividend Amidst New Robotics Market Expansion

Yulong, a subsidiary of Shennong Industrial (1558), held its 2025 annual shareholders' meeting, chaired by Chairman Liu Chun-Chang. The meeting approved the 2024 business report and financial statements, profit distribution, and amendments to the company's articles of association. A cash dividend of NT$7 per share was approved, with a payout ratio of 63.9%. Based on the closing price of NT$161.5 on May 29, the cash yield is approximately 4.33%.
The shareholders' meeting also included a complete re-election of board members, resulting in 9 directors being elected, including 3 independent directors. Newly elected members include representatives from Shennong Industrial and other industry professionals, aiming for the new team to promote the company's scale and group development towards the next growth phase.
For the year 2024, Yulong achieved consolidated revenue of NT$3.659 billion, a year-on-year increase of 9.62%, marking a historic high. Benefiting from steady growth in the automotive, medical products, and bicycle industries, the company exhibited strong performance across all product lines. Additionally, the strong support from parent company Shennong further enhanced internal brand development efficiency.
Looking into 2025, Shennong Group maintains a cautious outlook, with Chairman Lin Chih-Cheng indicating a careful response to uncertainties in global supply chain restructuring and changes in tariff policies. The company plans to actively lay out AI and advanced application markets, anticipating that future demand will enhance revenue growth.