Editor's note: The "Several Opinions of the State Council on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Capital Market" pointed out that the supervision of cash dividends of listed companies should be strengthened. For companies that have not paid dividends for many years or have a low proportion of dividends, major shareholders are restricted from reducing their holdings and risk warnings are implemented.
According to the public information of Bread Finance, from 2021 to 2023, Hailu Heavy Industry will achieve a cumulative net profit of about 1.042 billion yuan, and the dividend amount will be 0 yuan. Further research found that the company has not paid cash dividends for 8 consecutive years.
Since its listing, Hailu Heavy Industry has completed multiple rounds of equity financing, raising a total of more than 2.9 billion yuan. In comparison, the cumulative dividend amount since the company's listing is less than 200 million yuan.
Hailu Heavy Industry: The cumulative profit in 3 years exceeds 1 billion, with zero dividends
Hailu Heavy Industry recently announced that the profit distribution plan for 2023 is: no profit distribution and capital reserve conversion to share capital this year.
According to the public information of Bread Finance, from 2021 to 2023, Hailu Heavy Industry will achieve a cumulative net profit of about 1.042 billion yuan. During the period, Hailu Heavy Industry did not pay cash dividends, and there were zero dividends for 3 years.
As of the end of 2023, the amount of undistributed profits reported by the parent company of Hailu Heavy Industry reached 188 million yuan.
Since its listing, equity financing has exceeded 2.9 billion
Hailu Heavy Industry Co., Ltd. was listed on the A-share market in 2008. According to incomplete statistics, since its listing, the total amount of equity financing of Hailu Heavy Industry has exceeded 2.9 billion yuan, including 290 million yuan in the initial offering and 4 times of private placement financing.
In the private placement, the funds raised in 2009 were used for the construction of large-scale and special material pressure vessel manufacturing technology transformation projects and nuclear pressure equipment manufacturing technology transformation projects. Others are set to purchase assets and raise matching funds.
In 2023, the net profit attributable to the parent company will increase slightly year-on-year
Hailu Heavy Industry Co., Ltd. is a professional manufacturer of energy-saving and environmental protection equipment and nuclear power equipment. The company's main products are waste heat boilers and nuclear power equipment. The products are widely used in steel, petroleum, chemical, non-ferrous metals, electric power, papermaking, printing and dyeing, glass, acid production, alkali production and other industries.
In recent years, the company's performance has been relatively stable, with revenue rising from 2.533 billion yuan in 2021 to 2.795 billion yuan in 2023, and net profit attributable to the parent company increasing from 330 million yuan to 340 million yuan in the same period.
In 2023, Hailu Heavy Industry's revenue will increase by 18.2% year-on-year, and the net profit attributable to the parent company will increase by 1.08% year-on-year.
Should Hailu Heavy Industry actively respond to the call of the policy, increase the dividend ratio, and repay the support of investors?
(Article Serial Number: 1782677820431011840)
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