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, Tongda will achieve a cumulative net profit of about 229 million yuan, and the cash dividend amount will be 0 yuan.
Since its listing, Tongda has completed multiple rounds of equity financing, raising a total of more than 1.7 billion yuan. In comparison, the company's cumulative cash dividends since its listing are about 200 million yuan.
Tongda shares: undistributed profits of more than 500 million, zero dividends in the past 3 years
Tongda Co., Ltd. recently announced that the profit distribution plan for 2023 is: no cash dividends will be distributed in 2023, no bonus shares will be given, no reserve fund will be converted into share capital, and undistributed profits will be carried forward to the next year.
According to the public information of Bread Finance, from 2021 to 2023, Tongda Co., Ltd. will achieve a cumulative net profit of about 229 million yuan. During the period, Tongda shares 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 Tongda Co., Ltd. reached 558 million yuan.
Since its listing, the equity financing has exceeded 1.7 billion
Tongda shares were listed on the A-share market in 2011. According to incomplete statistics, since its listing, the total amount of equity financing of Tongda shares has exceeded 1.7 billion yuan, including 576 million yuan in the initial offering and 3 private placements.
In May 2023, Tongda Co., Ltd. disclosed a fixed increase plan, and the company plans to raise no more than 650 million yuan for new energy special cable projects and replenish working capital. In February 2024, Tongda Co., Ltd. disclosed that it decided to terminate the fixed increase, and the company will implement the new energy special cable project through self-financing.
In the first quarter of 2024, profits fell by more than 40%.
Tongda's main business includes the production and sales of wires and cables, precision machining and assembly of aircraft parts, and aluminum-based composite new materials.
In 2023, Tongda Co., Ltd. will achieve revenue of 5.573 billion yuan, a year-on-year increase of 1.36%, and a net profit attributable to the parent company of 83 million yuan, a year-on-year decrease of 32.37%.
According to the performance forecast for the first quarter of 2024 recently disclosed by Tongda Co., Ltd., the company expects to achieve a net profit attributable to the owners of the parent company of 13.0584 million yuan to 17.4112 million yuan in the first quarter of 2024, a year-on-year decrease of 49.76% to 62.32%.
Tongda said: "During the reporting period, the company's wire and cable business sales orders increased year-on-year, but affected by the rhythm of downstream customer demand, the shipment volume decreased year-on-year; The increase in R&D expenses has led to a significant decline in the scale of main business income and product gross profit margin of Chengdu Hangfei, a wholly-owned subsidiary of the company. ”
(Article Serial Number: 1783342285090590720)
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