On the eve of the general meeting of shareholders of the board of directors, Gree Electric Appliances Inc.Of Zhuhai(000651) (000651. SZ) launched a dividend “gift package”.
On February 13, Gree Electric Appliances Inc.Of Zhuhai(000651) announced that the company plans to implement the medium-term dividend in 2021 by comprehensively considering the current operation, development planning, capital status and the consistency of cash dividend policy.
According to the plan, Gree Electric Appliances Inc.Of Zhuhai(000651) plans to distribute a cash dividend of 10 yuan (including tax) to all shareholders for every 10 shares, no bonus shares and no conversion of provident fund into share capital, with a total cash dividend of 5.537 billion yuan.
in the low price range of Gree Electric Appliances Inc.Of Zhuhai(000651) share price of about 40 yuan, some investors directly said that the dividend rate was “very fragrant” .
According to the announcement, Gree Electric Appliances Inc.Of Zhuhai(000651) company (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 59.67 billion yuan (Unaudited).
It is worth noting that this generous dividend scheme took place on the eve of the upcoming general election of the board of directors. Some industry analysts believe that dividend also has the intention of stabilizing investors and attracting people’s hearts.
The first interim general meeting of the board of directors will be held on January 28, 2022.
As early as the nomination disclosed in Gree Electric Appliances Inc.Of Zhuhai(000651) on January 24, the overall situation of the new board of directors has been preliminarily determined. It is generally believed that Dong Mingzhu will be reappointed as chairman of the board of directors and continue to be in charge of Gree Electric Appliances Inc.Of Zhuhai(000651) for three years if there is no accident.
The new list of candidates for non independent directors is Dong Mingzhu, Zhang Wei, Deng Xiaobo, Zhang Jundu and Guo shuzhan; The list of candidates for independent directors is Liu Shuwei, Xing Ziwen, Wang Xiaohua and Zhang Qiusheng.
While disclosing this list, Gree Electric Appliances Inc.Of Zhuhai(000651) has made a commitment to the shareholder return plan for the next three years (2022-2024).
On the premise that the cash flow meets the normal operation and long-term development of the company, Gree Electric Appliances Inc.Of Zhuhai(000651) the total annual cumulative cash dividend in the next three years shall not be less than 50% of the net profit of the current year.
Gree Electric Appliances Inc.Of Zhuhai(000651) is originally a generous enterprise in the A-share market. According to the data of wind, Gree Electric Appliances Inc.Of Zhuhai(000651) has implemented cash dividends 22 times since its listing in 1996, with a cumulative net profit of 190.752 billion yuan and a cumulative cash dividend of 84.318 billion yuan, with a dividend rate of 44.20%.
In the next three years, the dividend proportion will be further increased to 50%, and the profit will be distributed twice a year, further increasing the attraction of Gree Electric Appliances Inc.Of Zhuhai(000651) .
Liang Zhenpeng, an analyst in the home appliance industry, told the interface news reporter that Gree Electric Appliances Inc.Of Zhuhai(000651) putting forward a higher dividend plan is good for shareholders; For Dong Mingzhu, it is also of great significance. “If Dong Mingzhu wants to continue to serve as the chairman of the board of directors in the next few years, he also hopes that the general meeting of shareholders and the board of directors can support her. Therefore, the board of directors led by Dong Mingzhu has formulated and put forward a dividend plan. When the shareholders are satisfied, they will naturally support her more.”
Still recall that in 2018, Gree Electric Appliances Inc.Of Zhuhai(000651) had a one-day stock price approaching the limit due to the rare lack of cash dividend in 2017. Shenzhen Stock Exchange also sent a letter of concern, asking to explain the specific reasons and rationality of the failure to pay cash dividends. At that time, the company said it needed more funds for the layout of intelligent equipment, intelligent appliances, integrated circuits and other industrial fields.
This time, the shareholder return plan and the newly disclosed dividend plan for the next three years have also been hotly discussed and supported by many shareholders in the stock bar forum.
it should be noted here that the dividend proposed by Gree Electric Appliances Inc.Of Zhuhai(000651) is only the interim dividend in 2021. In the foreseeable 2022, Gree Electric Appliances Inc.Of Zhuhai(000651) probability will launch the annual dividend in 2021 and the interim dividend in 2022.
Three possible dividends a year, Gree Electric Appliances Inc.Of Zhuhai(000651) can also be called A-share “conscience enterprise”.
also can not be ignored is that the life of Gree Electric Appliances Inc.Of Zhuhai(000651) in the new three years is no longer better than before.
In the new three years after the change of office, Dong Mingzhu and Gree Electric Appliances Inc.Of Zhuhai(000651) will also face problems such as the decline of the real estate industry, the saturation of the air conditioning market, how to break the situation, the slow progress of diversification, cultivating new performance growth poles, finding and cultivating successors and so on.
