After throwing out the high dividend scheme, Gree Electric Appliances Inc.Of Zhuhai(000651) conducted a drill in advance. On February 13, Gree Electric Appliances Inc.Of Zhuhai(000651) announced that it plans to implement the medium-term dividend in 2021, taking into account the current operation, development planning, capital status and the consistency of cash dividend policy.
Gree Electric Appliances Inc.Of Zhuhai(000651) said that the company realized 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).
In combination with relevant laws and regulations and the provisions of the articles of association, the company plans to temporarily distribute cash dividends 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.
Before that, Gree Electric Appliances Inc.Of Zhuhai(000651) publicly announced that it planned to pay half of its profits every year for the next three years.
On January 24 this year, Gree formulated the shareholder return plan for the next three years (2022-2024), indicating that on the premise that the company’s cash flow meets the company’s normal operation and long-term development, the company’s total annual cumulative cash dividends from 2022 to 2024 will not be less than 50% of the net profit of the year. After the news came out, it triggered a heated debate in the industry. Today, Gree Electric Appliances Inc.Of Zhuhai(000651) soon brought a big dividend.
In fact, Gree Electric Appliances Inc.Of Zhuhai(000651) has previously released the shareholder return plan for the next three years twice, and the implementation stages are 2012-2014 and 2016-2018 respectively.
According to public data and information, from 1996 to 2020, Gree Electric Appliances Inc.Of Zhuhai(000651) has achieved dividends for 22 times, with a total amount of 67.566 billion yuan, accounting for more than 40% of the net profit attributable to the parent company during the period. In the six years after 2012, except for the great turbulence in the performance in 2017 and the failure to implement sub infrared, the dividend amounts in other years were 3.008 billion yuan, 4.512 billion yuan, 9.024 billion yuan, 10.828 billion yuan and 12.633 billion yuan respectively. The highest proportion of dividend amount in net profit is 72%. In 2020, in the first year after Gree completed the mixed reform, Gree Electric Appliances Inc.Of Zhuhai(000651) was even more heroic, with a dividend of 22.674 billion yuan, with a dividend rate of 102.25%.
According to the information released by Gree Electric Appliances Inc.Of Zhuhai(000651) , the dividend plan of paying cash dividend of 10 yuan (including tax) for every 10 shares is also generous. Its proposed dividend of 5.537 billion yuan accounted for about 70% of the net profit of 7.888 billion yuan (Unaudited) in the first half of the year.
In an interview with Securities Daily, Xuan Jiyou, director of Qianmen asset investment research, said: “listed companies that are usually willing to implement high dividend will have good capital market performance. The release of Gree Electric Appliances Inc.Of Zhuhai(000651) high dividend scheme shows that they are full of confidence in the future, have sufficient funds and have more opportunities to attract institutional investors. Gree Electric Appliances Inc.Of Zhuhai(000651) The ‘story’ of is fully told, and the development prospect and direction are relatively clear. The next step is to see whether it can really consolidate its performance. “
“In terms of the high proportion and intensity of dividends, Gree Electric Appliances Inc.Of Zhuhai(000651) is indeed generous. A series of dividend schemes are expected to be Gree Electric Appliances Inc.Of Zhuhai(000651) at the end of this month The re-election of the board of directors will also have a certain impact. However, high dividends are also a double-edged sword. High score red has formed a practice. Occasionally, non dividend will lead to dissatisfaction of shareholders and reverse pull on the stock price. Gree did not pay cash dividends in 2017, and its share price fell by 9%. Stable dividends are also the embodiment of the company’s operating conditions. At the same time, the profit distribution proportion of enterprises is too large, which is easy to have an impact on subsequent R & D investment, major mergers and acquisitions and entering the Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) field. Enterprises should make a reasonable distribution of funds in terms of investment expansion and dividend proportion. ” Home appliance industry observer Liu buchen told reporters.
