With the gradual appearance of the annual reports of listed companies, some small-capitalization listed companies such as Jinaobo on the main board of the Shenzhen Stock Exchange, Zhongtai shares on the GEM, and Xinwei Standard have handed over a brilliant report card. At the same time, these small but beautiful companies are also actively sharing corporate development dividends with investors through cash dividends, increased holdings and repurchases.
The annual report performance achieved high growth
As the first private third-party comprehensive testing company in China, the company has rich technical accumulation and strong market competitiveness in the fields of automobile testing and electronic and electrical testing. The company's market share and market influence in the field of electronic and electrical and auto parts testing rank among the top three, and it is a high-tech enterprise recognized by the state. In the past three years, the compound growth rate of net profit has exceeded 30%.
In 2023, the company will continue to expand its testing capabilities and explore new markets by focusing on the three leading product lines of the automotive and new energy vehicle industry chain, the upstream and downstream of the electronic and electrical industry, and the instrument and equipment manufacturing industry, ensuring the steady growth of operating income and net profit. In 2023, the company achieved operating income of 679 million yuan, a year-on-year increase of 24.64%, and net profit attributable to shareholders of the parent company of 164 million yuan, a year-on-year increase of 38.03%.
As a leading industrial gas expert in China, Zhongtai Co., Ltd. is mainly engaged in the research and development, manufacturing and sales of cryogenic technology devices. The company puts forward the mission of "cryogenic to make the world more beautiful", and has been committed to using advanced cryogenic technology to realize the needs of industrial media separation, purification, purification or liquefaction for customers, and has excellent project performance in the market segment.
In 2023, benefiting from the improvement of competitiveness and the efforts to expand overseas markets, Zhongtai Co., Ltd. will achieve a net profit attributable to the parent company of 350 million yuan, an increase of 25.94% over the same period of the previous year, and achieve a record high of net profit attributable to the parent company, a record high of newly signed orders and orders in hand, a new high in earnings per share, and a new high in the proportion of overseas orders, of which the manufacturing sector of the parent company will achieve a net profit attributable to the parent company of 225 million yuan, an increase of 84.61% over the same period of the previous year. At present, the company has obtained 70 patents, including 27 invention patents, 31 patents under application, including 26 invention patents, involving a number of technical fields and forward-looking research and development, and has sufficient technical reserves to cope with market changes.
At present, Zhongtai Co., Ltd. has successfully ranked among the international and domestic advanced cryogenic technology and equipment main suppliers, downstream customers include PetroChina, Sinopec, Xinjiang Tianye, Donghua Energy, Hengli Petrochemical and other large domestic enterprises, as well as the United States Air Chemical, Air Liquide, Praxair and other internationally renowned enterprises, products have been highly recognized and trusted by customers at home and abroad.
Since its establishment, the company has focused on the R&D and application of complete sets of process technology, equipment, software systems and key raw and auxiliary materials for industrial explosives for the production of civil explosives, and has become a leading listed enterprise in the research, design and manufacture of intelligent equipment system integration for civil explosives in China, forming an integrated business model of the whole industry chain integrating R&D, production, sales, transportation and blasting services.
At the same time, in response to the national "Belt and Road" initiative, Jinaobo actively promotes and deepens international cooperation and actively expands overseas markets. The company has built more than 20 production lines in overseas markets including Russia, Algeria, Uganda, Mongolia, Vietnam, Myanmar, Nepal, Laos, Tajikistan, Uzbekistan, Latvia, Guinea and other countries and regions, and has built a good brand influence and service reputation in the civil explosive industry at home and abroad.
In 2023, the production, operation and financial status of Jinaobo will be running well, and the company's scale will increase steadily. According to the performance report, in 2023, the company achieved a total operating income of 1.507 billion yuan, an increase of 26.34% over the same period of last year, and a net profit of 102 million yuan, an increase of 302.50% over the same period of last year.
Actively share the "growth dividend"
While handing over the beautiful report card, the relevant companies also actively return shareholders through share repurchase and cash dividends.
Among them, since its listing in 2021, the company has returned investors through continuous cash dividends every year, with a cumulative cash dividend of 73.69 million yuan, and a cash dividend of about 35.32 million yuan in the profit distribution plan in 2023. In addition, the company has launched two consecutive phases of share repurchase plans, and the first phase of the share repurchase plan has been implemented, with a total of 3.016 million shares repurchased and a total transaction amount of about 100 million yuan. As of March 31, 2024, the cumulative number of shares repurchased is 3,581,500 shares, with a total transaction amount of about 107 million yuan.
Based on the confidence in the company's development prospects, Zhongtai announced in February 2024 that it will repurchase the company's shares through the secondary market, with a repurchase amount of 50 million yuan - 100 million yuan, and has carried out partial repurchases; In 2023, the board of directors approved the profit distribution plan, planning to distribute cash dividends of 1.5 yuan for every 10 shares, and it is expected to distribute cash dividends of more than 57 million yuan.
In May 2023, the company completed the first phase of share repurchase, with a cumulative repurchase amount of 25.03 million yuan, and on February 19, 2024, the company once again disclosed the plan, and the total amount of funds to be repurchased is not less than 25 million yuan and not more than 50 million yuan. As of the end of March 2024, the company has completed the second phase of repurchase of 9.3 million yuan, and has completed a total of 34.33 million yuan of repurchase. In terms of cash dividends, since its listing in 2017, the company has achieved cash dividends for 6 consecutive years, with a cumulative dividend of 121 million yuan and a dividend ratio of 29.92%.
A few days ago, the new "National Nine Articles" were released, which included mandatory delisting requirements, restrictions on shareholding reduction, encouragement to increase dividends and repurchase and cancellation, and comprehensive and strict supervision of violations of laws and regulations, etc., which not only put on a "tight spell" for the standardized construction of listed companies, but also pointed out the way for the high-quality development of listed companies.
The relevant person in charge of the credit testing standard said that the company is very much looking forward to the follow-up implementation of the new "National Nine Articles", and hopes to get the supervision and assistance of the securities market together with more high-quality companies, and hopes to contribute to the healthy development of the securities market through active operation and steady development, and bring sustainable, stable and satisfactory returns to every investor.
The relevant person in charge of Zhongtai shares believes that for listed companies, while consolidating their own strength and achieving sustained, stable and efficient development, it is also the top priority to improve the company's management level, improve the quality of information disclosure, and safeguard the interests of all shareholders and small and medium-sized investors.
Regarding the new "National Nine Articles", the relevant person in charge of Jinaobo said that in the future, the company will actively study and implement the relevant policy spirit of the new "National Nine Articles", closely carry out various operations around the company's development strategy and management objectives, continue to deepen the civil explosive equipment industry, continuously strengthen market expansion, further strengthen the return level of investors while improving its own profitability, and return shareholders with real performance.