Zhuhai Gree Electric Appliances Co., Ltd. (stock abbreviation: Gree Electric Appliances, stock code: 000651) launched a dividend plan, with a total cash dividend of 5.537 billion yuan, and it is planned to distribute "10 yuan per 10" to all shareholders.
On the evening of February 13, Gree Electric announced that the company's board of directors reviewed and approved the "2021 Interim Profit Distribution Plan" on the same day.
The announcement shows that Gree Electric (the parent company) achieved a net profit of 7.888 billion yuan (unaudited) in the first half of 2021. As of June 30, 2021, the profit available for distribution to shareholders was 59.671 billion yuan (unaudited).
In combination with the relevant laws and regulations and the "Articles of Association", the company plans to temporarily use the total number of 5.537 billion shares entitled to profit distribution rights on February 11, 2022 as the base, to distribute a cash dividend of 10 yuan (tax included) to all shareholders for every 10 shares. , no bonus shares, and no conversion of provident funds into share capital, a total of 5.537 billion cash dividends were distributed.
According to the current performance, Gree Electric plans to distribute dividends of 5.537 billion yuan, accounting for about 70% of the net profit of 7.888 billion yuan (unaudited) in the first half of 2021.
Previously, on January 24, Gree Electric just disclosed the "Shareholder Return Plan for the Next Three Years (2022-2024)".
Gree Electric said that in accordance with the regulations and requirements of the CSRC's "Notice on Further Implementing Issues Concerning Cash Dividends of Listed Companies" and other relevant documents, while paying attention to its own development, it attaches great importance to realizing shareholder returns with its own business performance, in order to establish a scientific, sustainable, A stable shareholder return mechanism, effectively protecting the legitimate rights and interests of shareholders, and promoting the rational development of the capital market. The company comprehensively considers factors such as corporate profitability, business development plans, and shareholder returns, and specially formulated the "Shareholder Return Plan for the Next Three Years (2022-2024) ".
The announcement stated that Gree Electric will distribute profits twice a year from 2022 to 2024, namely annual profit distribution and mid-term profit distribution; in addition, on the premise that the cash flow meets the normal operation and long-term development of the company, the company will distribute profits within the above three years. The total accumulated cash dividends each year shall not be less than 50% of the net profit of the year.
In terms of stock price performance, since the end of December 2020, Gree Electric's stock price has continued to fall from its high point.
However, after entering 2022, Gree Electric started the road to stop falling and rebound.
As of February 11, the company's stock price reported 39.90 yuan per share, up more than 7% during the year.
In the first three quarters of 2021, Gree Electric's revenue was 138.135 billion yuan, a year-on-year increase of 9.73%; the net profit attributable to the parent was 15.645 billion yuan, a year-on-year increase of 14.21%.
However, in the third quarter of 2021, Gree Electric's operating income and net profit attributable to the parent both experienced double-digit year-on-year declines, down 16.50% and 15.66% year-on-year, respectively.Keywords: