Multiple A-share companies launch mid-term dividend plans

2023-08-23

Recently, many A-share companies have disclosed their mid-term dividend plans. The latest data shows that as of now, 49 listed companies in the A-share market have disclosed their profit distribution plans for the half year of 2023, among which 46 companies plan to distribute cash dividends with a total cash dividend amount exceeding 97 billion yuan. Industry experts say that dividends from listed companies are a necessary return for investors and an important foundation for the market value investment ecosystem. In recent years, listed companies in the A-share market have continuously strengthened their awareness of active dividend distribution. Looking ahead, investors will pay more attention to dividend returns and the dividend ecology will continue to be optimized. 49 companies have released mid-term profit distribution plans, accompanied by the intensive release of semi annual reports. Recently, the A-share market has experienced a "red envelope rain", and listed companies have successively disclosed mid-term dividend plans. On August 22nd, eight companies including Asia Pacific Technology, Today International, Xinghao Pharmaceutical, Zhejiang Rongtai, Emma Technology, Action Education, Wuxi Zhenhua, and Meibang Technology released mid-term dividend plans. On August 19th, four companies, including Xintian Technology, Guiguan Power, Yuejian Intelligent, and Fujie Environmental Protection, also released their semi annual profit distribution plans. According to Wind data, as of August 22nd, 49 listed companies in the A-share market have disclosed their profit distribution plans for the half year of 2023. From the specific progress, the dividend plans of 46 companies are in the stage of board planning, and the dividend plans of 3 companies are in the process of implementation. From the content of the profit distribution plan, 46 companies plan to distribute cash dividends, with a total planned cash distribution of 97.397 billion yuan. In addition, there are three companies offering transfer plans. From the pre tax amount of dividends per share, many companies have shown generous dividend plans. Among them, Gigabit ranked first with a dividend plan of 10 Pai 70 yuan, followed by China Mobile and Liba Group, with 10 Pai 22.247 yuan and 10 Pai 10 yuan respectively. In terms of total planned cash disbursement, leading companies ranked first in terms of cash disbursement, while six companies including China Mobile, CNOOC, China Telecom, Shuanghui Development, China Unicom, and Zangge Mining ranked first in terms of cash disbursement. It is noteworthy that multiple high performing companies have adopted large dividend payouts. In the first half of this year, the performance of the three major telecommunications operators generally increased significantly. Among them, China Mobile achieved a net profit attributable to its parent company shareholders of 76.2 billion yuan in the first half of 2023, a year-on-year increase of 8.4%; China Unicom achieved a net profit attributable to the parent company of 5.44 billion yuan in the first half of the year, a year-on-year increase of 13.7%; China Telecom achieved a net profit attributable to the parent company of 20.2 billion yuan in the first half of the year, an increase of 10.2% year-on-year. At the same time as the performance announcement, all three major operators have released large-scale medium-term profit distribution plans. Among them, China Mobile has decided to pay a mid 2023 dividend of 2.2247 yuan per share, a year-on-year increase of 10.5%. Based on the share capital as of the end of June, the company will distribute an interim dividend of approximately 47.551 billion yuan, ranking first in the A-share market in terms of cash distribution. The company stated that the profit distributed in cash for the entire year of 2023 increased to over 70% of the company's shareholders' expected profit for that year. China Telecom plans to distribute a dividend of 0.1432 yuan per share to all shareholders, based on the

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:Economic Information Daily

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