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, as of the end of 2023, the amount of undistributed profits reported by the parent company of Remote Shares exceeded 272 million yuan. However, in the six years since 2018, the company has only paid cash dividends in 2023.
Remote shares: undistributed profits of more than 272 million, only 1 cash dividend in 6 years
Yuanyuan Co., Ltd. recently announced the 2023 profit distribution plan: based on the company's total share capital of 718,146,000 shares on December 31, 2023, a cash dividend of RMB 0.2 (tax included) will be distributed to all shareholders for every 10 shares, with a total cash dividend of RMB 14,362,920.00 (tax included), no bonus shares, no capital reserve to increase share capital, and the remaining profits will continue to be retained by the company as undistributed profits to support the company's business needs.
According to the public information of Bread Finance, there were no cash dividends from 2018 to 2022.
As of the end of 2023, the amount of undistributed profits reported by the parent company of Remote Shares exceeded 272 million yuan.
Net profit attributable to the parent company in the first quarter of 2024 increased by more than 200% year-on-year
The industry in which Yuanyuan shares is located is the wire and cable industry. In the field of wire and cable, the company is mainly engaged in the research and development, production and operation of wires and cable products, and the company's main products are 500kV and below voltage level power cables, special cables, bare wires, wires and cables for electrical equipment.
In 2023, the company achieved revenue of 3.201 billion yuan, a year-on-year increase of 6.07%, a net profit attributable to the parent company of 51 million yuan, a year-on-year decrease of 24.77%, and a net profit attributable to the parent company of 28 million yuan, a year-on-year increase of 39.18%.
According to the first quarter report of 2024 recently disclosed by Yuanyuan Co., Ltd., the company achieved revenue of 810 million yuan and net profit attributable to the parent company of 17 million yuan in the first quarter, a year-on-year increase of 39.28% and 200.22% respectively.
With good performance and a large amount of undistributed profits on the books, should remote shares respond to the policy call, actively distribute dividends, and repay the support of investors?
(Article Serial Number: 1784765582957219840)
Disclaimer: This article does not constitute any investment advice to anyone. Intellectual Property Rights Statement: The intellectual property rights of Bread Finance works are owned by Shanghai Miaotan Network Technology Co., Ltd.