SMT Scharf AG Declares Dividend and Appoints New CEO

SMT Scharf AG, a leading provider of transport solutions for underground mining, held its Annual General Meeting in Hamm. A significant decision from the meeting was the approval of a EUR 0.21 per share dividend for the 2024 financial year. The company's dividend policy aims to distribute at least 20% of the consolidated net profit to shareholders.

Key management changes were announced: Longjiao Wang was appointed as the new CEO, succeeding Mr. Jun Liu, who has transitioned to a role within the company's primary shareholder, Yankuang Energy Group. The Supervisory Board welcomed new members Dr. Lei Zhang, Prof. Wei Luan, and Prof. Dr. Ferdinand Bernhard Mager.

Despite challenging market conditions, SMT Scharf reported successful 2024 revenue and earnings, largely due to the consolidation of Shandong Xinsha Monorail Co., Ltd. These developments align with SMT Scharf's strategic expansion beyond coal mining.