Data shows that as of the evening of February 25, 28 A-share companies have disclosed their 2021 annual reports. Among them, 14 companies released their 2021 profit distribution plans while disclosing their annual reports. All 14 companies involved cash dividends, and the proportion of dividends was relatively high. Among them, 3 companies are involved in the transfer of shares.
Publish profit distribution plan
A reporter from China Securities Journal found that among the above-mentioned 14 companies that plan to distribute cash dividends, 12 companies plan to distribute cash dividends of more than 1 yuan for every 10 shares. Yongxin Co., Ltd., Jingfeng Mingyuan, Tianhua Ultra Clean, and Nenghui Technology plan to distribute cash dividends of more than 4 yuan for every 10 shares in 2021. Among them, Jingfeng Mingyuan plans to distribute 40 yuan for every 10 shares, and the dividend ratio temporarily ranks first.
On the evening of February 23, Jingfeng Mingyuan disclosed its 2021 annual report. The company’s net profit attributable to shareholders of listed companies in 2021 will be 677 million yuan, a year-on-year increase of 883.72%. As of December 31, 2021, the company has a total share capital of 62.03 million shares, and based on this calculation, the proposed cash dividend totals 248 million yuan (tax included), accounting for 36.63% of the company’s net profit attributable to shareholders of listed companies in 2021.
According to the data, Jingfeng Mingyuan is a leading enterprise of LED driver chips. Based on the accumulation of technology in the LED lighting market, Jingfeng Mingyuan has gradually developed built-in AC/DC power chips for large and small household appliances and external AC/DC power chips for chargers and adapters.
Hengmingda, Xinbo Co., Ltd. and Yongxin Co., Ltd. plan to increase shares while planning to distribute cash dividends. Among them, Hengmingda intends to distribute a cash dividend of 2 yuan (tax included) for every 10 shares, and at the same time, for every 10 shares, the capital reserve will be converted into 3 shares. Xinbo shares and Yongxin shares both plan to increase 2 shares for every 10 shares.
Profitable
In terms of the reasons for dividend distribution, most listed companies mentioned that they are in good profit situation and plan to share the operating results of the company’s development with shareholders.
Nenghui Technology pointed out that in view of the company’s current stable operating conditions and good profitability, in order to actively return to shareholders and share the company’s development operating results with shareholders, under the condition of ensuring the company’s healthy and sustainable development, it plans to distribute profits in 2021.
According to Nenghui Technology‘s 2021 profit distribution plan, the company plans to distribute a cash dividend of 4 yuan (tax included) for every 10 shares to all shareholders, with a total cash dividend of 59.916 million yuan (tax included). As of December 31, 2021, the company’s consolidated financial statement distributable profit was 306 million yuan.
In 2021, Nenghui Technology will achieve an operating income of about 593 million yuan, a year-on-year increase of 41.28%; the net profit attributable to shareholders of listed companies is about 104 million yuan, a year-on-year increase of 15.31%.
Regarding how to identify the dividend distribution potential of listed companies, Pan Helin, Executive Dean of the Digital Economy Research Institute of Zhongnan University of Economics and Law, pointed out that the company’s operating cash flow and undistributed profits were observed, and the dividend distribution habits in previous years were analyzed. Listed companies with good performance and abundant cash flow have higher dividend expectations. In addition, for mature companies, cash dividends can stabilize investor expectations. For a growing enterprise, excessive dividends may have a certain impact on the long-term development of the enterprise.
Editor: Yang Liuqing
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