On the evening of April 11, Jiangsu Financial Leasing Co.Ltd(600901) ( Jiangsu Financial Leasing Co.Ltd(600901) , SH) announced that it had received a letter from the controlling shareholder Jiangsu communications Holding Co., Ltd. (hereinafter referred to as Jiangsu communications control) proposing to increase the dividend in 2021.
The reporter of the daily economic news noted that according to the announcement of listed companies on December 8, 2021, Jiangsu Financial Leasing Co.Ltd(600901) issued 5 billion yuan of convertible corporate bonds, and Jiangsu traffic control spent 1.071 billion yuan to hold 107136 million convertible bonds, accounting for 21.43% of the total issued.
controlling shareholder proposes to increase dividend
Jiangsu jiaokong, the controlling shareholder of the listed company, was established in 1993. Its actual controller is Jiangsu SASAC. It is a state-owned asset management unit and investment subject with investment nature approved by Jiangsu Provincial People’s government. The registered capital is 16.8 billion yuan and the enterprise nature is a limited liability company (wholly state-owned).
As of December 8, 2021, Jiangsu traffic control directly held 21.43% of the shares of the listed company, and indirectly controlled 17.62% of the shares of the listed company through its subordinate enterprises Jiangsu Yangzi Bridge Co., Ltd. and Jiangsu Guangjing Xicheng Expressway Co., Ltd.
According to the announcement, on April 11, the listed company received a letter from Jiangsu traffic control. As a way of protecting investors’ rights to pay dividends, Jiangsu believes that it is important for investors to pay dividends.
In the annual profit distribution in 2020, Jiangsu Financial Leasing Co.Ltd(600901) distributed a cash dividend of RMB 3 (tax included) for every 10 shares to all shareholders, with a total cash dividend of RMB 896 million (tax included). The annual cash dividend accounted for 47.73% of the net profit attributable to shareholders of Listed Companies in the consolidated statements.
Except for 2020, in 2018 and 2019, Jiangsu Financial Leasing Co.Ltd(600901) the dividend amount was 597 million yuan and 717 million yuan respectively. The net profit attributable to the parent company in the consolidated statement of dividend year was 1.251 billion yuan and 1.583 billion yuan, and the annual cash dividend accounted for 47.75% and 45.27% of the net profit attributable to the parent company in the consolidated statement.
Jiangsu traffic control said that it is recommended that listed companies comprehensively consider the current financial status, cash flow status, operation and future capital demand, and increase the profit distribution in 2021 on the premise of complying with relevant laws, regulations and regulatory policies, so as to reasonably protect the right of return of investors.
Jiangsu Financial Leasing Co.Ltd(600901) said that it would fully consider the suggestions of Jiangsu traffic control when formulating the profit distribution plan for 2021, and welcomed the opinions and suggestions of investors, especially small and medium-sized investors, on profit distribution. The company’s profit distribution plan for 2021 has not been finalized and needs to be reviewed and approved by the board of directors and the general meeting of shareholders. Please invest rationally and pay attention to investment risks.
spent 1 billion yuan to buy convertible bonds at the end of last year
As a powerful wholly state-owned enterprise, Jiangsu traffic control once spent 1 billion yuan to buy convertible bonds of Listed Companies in December 2021.
Jiangsu Financial Leasing Co.Ltd(600901) 2021 announcement on December 8 shows that listed companies issue 5 billion yuan of convertible bonds, totaling 50 million pieces and 5 million hands, with a face value of 100 yuan each.
Jiangsu Financial Leasing Co.Ltd(600901) the convertible corporate bonds issued this time will give priority to placing 4094600 hands, or 4.095 billion yuan, to the original shareholders, accounting for 81.89% of the total issued this time; 887800 hands, or 888 million yuan, were actually placed to online social public investors, accounting for 17.76% of the total issuance; The joint lead underwriters underwritten 17500 hands, or 17.529 million yuan, accounting for 0.35% of the total issuance.
Among the top ten bondholders, Jiangsu traffic control ranked first. Jiangsu traffic control held a total of 107136 million convertible bonds, totaling 1.071 billion yuan, accounting for 21.43% of the total issuance. The second is Bank Of Nanjing Co.Ltd(601009) , which holds 105462 million convertible bonds of Jiangsu Financial Leasing Co.Ltd(600901) this time, totaling 1.055 billion yuan, accounting for 21.09% of the total issuance.
Jiangsu Financial Leasing Co.Ltd(600901) said that after deducting the issuance expenses, the funds raised from the public offering of convertible bonds will be used to support the company’s future business development. After the convertible bonds are converted into shares, they will be used to supplement the company’s core Tier-1 capital according to relevant regulatory requirements, improve the company’s capital adequacy level, and further support the sustainable and steady development of various businesses.
