Yangtze River Business Daily News ● Yangtze River Business Daily reporter Xu Jia
Under the continuous guidance of the regulatory authorities, the dividend intensity and frequency of A-share listed companies have increased.
A few days ago, the GEM company Juhua Technology (300360. SZ) disclosed the announcement on the implementation of the annual equity distribution in 2023, and in 2023, Juhua Technology plans to distribute a cash dividend of 5 yuan (tax included, the same below) for every 10 shares, with a total cash dividend of 255 million yuan. The record date of this equity distribution is May 17, and the ex-dividend date is May 20.
The Yangtze River Business Daily reporter noted that since its listing in 2014, Juhua Technology has implemented profit distribution for 11 consecutive years. Flush data shows that if the profit distribution in 2023 is included, Juhua Technology will pay a total of 848 million yuan after listing.
Not only that, Juhua Technology has also recently drawn up a dividend plan for the third quarter of 2024, that is, a cash dividend of 2 yuan for every 10 shares as the upper limit, and cash dividends will be distributed to all shareholders, aiming to enhance the stability, sustainability and predictability of dividends, which is also the first time that the company plans to pay dividends in the third quarter after listing.
Behind the continuous dividends, in recent years, with the intelligent construction of the power grid, the overall operating performance of Juhua Technology has remained stable. From 2019 to 2023, Juhua Technology has increased its revenue and net profit for five consecutive years.
If the performance of 2018 is roughly calculated as the base, in the past five years, the overall growth rate of Juhua Technology's operating income and net profit has been 103% and 346% respectively.
Paid out for 11 consecutive years
At the end of the annual report disclosure season, A-share listed companies have entered the dividend implementation stage.
A few days ago, Juhua Technology disclosed the announcement on the implementation of the 2023 annual equity distribution, the company based on the total share capital of 509 million shares as of December 31, 2023, and distributed a cash dividend of 5 yuan for every 10 shares, without bonus shares and without transfer, with a total cash dividend of 255 million yuan. The remaining undistributed profit of 1.842 billion yuan will continue to be retained by the company to support the company's operating needs.
The record date of this equity distribution is May 17, 2024, and the ex-dividend date is May 20, 2024.
The Yangtze River Business Daily reporter noted that in recent years, under the continuous guidance of regulatory policies, the dividend intensity and frequency of A-share listed companies have been continuously strengthened.
According to data released by the China Association of Public Companies, 3,859 listed companies have announced or implemented cash dividend plans (including quarterly, semi-annual, annual and special dividends) in 2023, accounting for 92% of all profitable companies, and more than 100 companies have paid cash dividends for the first time since their listings. The total amount of cash dividends (according to the company's domestic and foreign full equity dividends) reached 2.24 trillion yuan, and the average dividend per company was 580 million yuan. The overall dividend payout ratio of the participating companies was 36.94%, and the dividend payout ratio of 1,217 companies exceeded 50%.
In addition, according to relevant media statistics, in the 2023 annual report, a total of more than 1,950 Shenzhen-listed companies have issued dividend plans, accounting for nearly 70% of the total number of companies, and the dividend amount is expected to be 466.2 billion yuan, a year-on-year increase of 18.6%.
It is worth noting that in addition to annual report dividends, 254 companies have released quarterly and semi-annual dividend plans for 2023, and the frequency of dividends has also increased significantly compared with previous years.
Taking Juhua Technology as an example, since its listing in January 2014, Juhua Technology has released an annual profit distribution plan for 11 consecutive years. Flush data shows that if the profit distribution in 2023 is included, Juhua Technology will implement a total of 848 million yuan in cash dividends since its listing.
It is worth mentioning that previously, Juhua Technology also released a cash dividend plan for 2024. In order to enhance the stability, sustainability and predictability of dividends, promote dividends multiple times a year and dividends before the Spring Festival, and better reward investors to share the company's growth dividends, in accordance with relevant policies and regulations, encourage listed companies to increase the frequency of cash dividends under the conditions of profit distribution, according to the company's current operating situation, the company formulates a dividend plan for the third quarter of 2024, that is, under the premise that the company's net profit attributable to shareholders of the parent company in the first three quarters of 2024 is greater than the amount to be distributed. With a cash dividend of $2 per 10 shares as the upper limit, cash dividends will be distributed to all shareholders. This is also the first time that the company plans to pay dividends in the third quarter after listing.
Gross profit margin of main products rose to 47.31%
According to the data, Juhua Technology is a high-tech enterprise specializing in the research and development, production, sales and service of energy Internet of Things equipment.
According to Juhua Technology, the company takes the Internet of Things system to drive smart meters, smart water meters, smart electrical, energy cloud side routers, Internet of Things sensors and other Internet of Things remote terminals as its core business, promotes the application of Internet of Things products and services in the fields of public energy, water, electricity, gas and heat, and further builds the integrated application of Internet of Things terminals and big data and cloud computing, so as to realize the company's upgrade from product sales to a comprehensive energy solution service provider.
The Yangtze River Business Daily reporter noticed that in recent years, with the intelligent construction of the power grid, the overall business performance of Juhua Technology has remained stable. After the listing, the company only had a performance correction in 2017 and 2018.
From 2019 to 2023, Juhua Technology achieved operating income of 892 million yuan, 1.097 billion yuan, 1.21 billion yuan, 1.506 billion yuan, and 1.771 billion yuan respectively, a year-on-year increase of 2.35%, 22.93%, 10.32%, 24.47%, and 17.59%; The net profit was 243 million yuan, 293 million yuan, 318 million yuan, 472 million yuan and 607 million yuan, a year-on-year increase of 78.87%, 20.74%, 8.36%, 48.53% and 28.64%, and the revenue and net profit increased for five consecutive years.
If the performance of 2018 is roughly calculated as the base, in the past five years, the overall growth rate of Juhua Technology's operating income and net profit has been 103% and 346% respectively.
According to the annual report, in 2023, Juhua Technology's main product, smart metering and acquisition system, will achieve operating income of 1.436 billion yuan, a year-on-year increase of 17.35%, and a gross profit margin of 47.31%, an increase of 6.59 percentage points year-on-year.
From 2021 to 2023, Juhua Technology's R&D investment will be 77.8584 million yuan, 105 million yuan, and 119 million yuan respectively, accounting for 6.43%, 6.98%, and 6.73% of the operating income in each period.
However, it should be noted that in addition to the main business, the investment performance of Juhua Technology has a great impact on the company's performance. In 2023, the fair value change profit and loss will be 60.565 million yuan, a year-on-year decrease of 50.75%.
In the first quarter of 2024, Juhua Technology achieved operating income of 468 million yuan, a year-on-year increase of 23.88%; net profit was 112 million yuan, a year-on-year decrease of 6.79%; The net profit after deducting non-recurring gains and losses was 138 million yuan, a year-on-year increase of 42.33%.
In the first quarter, the fair value change income of Juhua Technology was -40.6224 million yuan, a year-on-year decrease of 279.73%. In this regard, the company said that it was mainly due to the decrease in the fair value change income of financial assets measured at fair value and the changes of which were included in the profit or loss of the current period during the reporting period.
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