Baosheng International (2948) held its 2025 Shareholders' Meeting on the 16th, where it approved the 2024 Annual Business Report and Financial Statements, among other important matters, including the plans for profit allocation and capital increase.

The company predicts consolidated revenue of 2.1 billion Yuan in 2024, with a net profit of 65.59 million Yuan and an earnings per share of 2.19 Yuan. In response to market demands, Baosheng introduced new island-type wooden flooring and ultra-durable flooring while enhancing collaborative relationships with retailers and designers. Additionally, Baosheng aims to improve warehouse management and logistics efficiency, expecting to increase its gross profit margin to 41.84% for 2024.

During the meeting, shareholders decided to issue a dividend of 2.15 Yuan per share, comprising a cash dividend of 1.82 Yuan and a stock dividend of 0.33 Yuan, achieving a distribution rate of 98.17%. Baosheng noted that overall orders in the U.S. have not been affected by tariff policies, and it is actively enhancing sales performance and service networks in California, Texas, and Florida. By strengthening local channels and services, Baosheng aims to boost brand visibility and market penetration while responding timely to local customer needs. Furthermore, the company continues to expand its business sales and distribution strategies across the six major areas of the U.S., optimizing logistics arrangements to enhance overall operational efficiency and laying a solid foundation for future growth.