Quantum Song (NASDAQ stock code: QSG) announced on October 1st that it will conduct its first special cash dividend after going public. Based on long-term confidence in performance growth and financial condition, its board of directors has approved and announced a dividend of $0.067 per ordinary share, or $0.201 per American Depositary Share (ADS).
It is expected that the total amount of dividends to be distributed this time will be approximately 11 million US dollars, which will be paid in cash in US dollars. The funds will come from the company's surplus cash and be disbursed from the company's equity premium account. It is expected that dividends will be paid to the common stockholders of the company around November 7, 2024, and to the holders of American Depositary Shares (ADS) around November 15, 2024. At that time, registered common stockholders and ADS holders as of October 30, 2024 will receive corresponding dividends.
Quantum Song has shown strong development momentum in the just concluded fiscal year 2024. The total revenue for the year reached 3.8 billion yuan, a year-on-year increase of 23.2%; The fourth quarter revenue was 1 billion yuan, a year-on-year increase of 20.7%. Adjusted net profit has been profitable for seven consecutive quarters, and profitability has continued to improve. As of June 30, 2024, the total number of registered users is 127.6 million, maintaining high-quality growth.