Companies listed on the Shenzhen Stock Exchange frequently pay out “generous” cash dividends

Companies listed on the Shenzhen Stock Exchange frequently pay out “generous” cash dividends

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As of March 30, about 390 companies in the Shenzhen Stock Exchange have disclosed annual dividend plans, accounting for 77% of companies that have disclosed annual reports. The amount of cash dividends planned to be implemented exceeds 180 billion yuan. Among them, leading companies such as CATL, Midea Group, and Ping An Bank plan to distribute more than 10 billion yuan in cash, a significant increase from 2022, and investors’ sense of gain will be significantly enhanced.

According to the annual report, CATL will achieve operating income of 400.917 billion yuan in 2023, a year-on-year increase of 22.01%; net profit will reach 44.121 billion yuan, a year-on-year increase of 43.58%. Actively sharing development results, CATL’s latest profit distribution plan for 2023 includes annual cash dividends and special cash dividends. On the one hand, it plans to distribute a cash dividend of 20.11 yuan for every 10 shares to all shareholders as an annual cash dividend; on the other hand, in order to actively implement the special activity of “double improvement of quality and return”, it plans to distribute a cash dividend of 30.17 yuan for every 10 shares to all shareholders as a special cash dividend. , the total dividend amount is as high as 22.06 billion yuan.

With its profitability greatly improved, BYD will achieve operating income of 602.315 billion yuan in 2023, a year-on-year increase of 42.04%, and net profit of over 30 billion yuan, a year-on-year increase of 80.72%. With the support of strong performance, the company has significantly increased the level of cash dividends and shared the company’s operating and development results with all shareholders. According to the announcement, the company plans to distribute a cash dividend of 30.96 yuan for every 10 shares to all shareholders in 2023, with a total cash distribution of 9.012 billion yuan, a year-on-year increase of over 170%, setting a record high. “In 2024, the company will continue to implement the concept of investor returns and share the results of the company’s rapid development with all shareholders through various methods such as cash dividends.” said a relevant person in charge of BYD. Data shows that from 2020 to 2022, BYD’s cumulative profits distributed in cash for three consecutive years accounted for 51% of the average annual distributable profits achieved during the period.

Ping An Bank’s annual dividend ratio has also increased significantly. According to the announcement, the company plans to distribute a cash dividend of 7.19 yuan for every 10 shares to all shareholders. The proposed dividend amount will reach 13.953 billion yuan, a significant increase of 152% compared with 2022. The dividend payout rate will increase from 12.15% in 2022 to 30%. Investor returns The level is significantly enhanced. Ping An Bank stated that it will continue to actively optimize capital efficiency and rate of return in the future and strive to create more value for investors. According to the 2023 annual report, the company achieved a net profit of 46.555 billion yuan, a year-on-year increase of 2.1%.

Midea Group actively practices “double improvement of quality and return” to maintain a stable and sustained level of cash dividends to better reward investors. In 2023, the company will continue to maintain a high dividend posture and plans to distribute a cash dividend of 30 yuan for every 10 shares. The total amount of dividends this time is nearly 20.8 billion yuan, an increase of 20% compared with 2022, and the dividend payout rate exceeds 60%. It is reported that since its overall listing in 2013, the company has implemented cash dividends for 10 consecutive years, with a total cumulative dividend and repurchase totaling 134.7 billion yuan (including the 2023 dividend plan). Starting from 2019, Midea Group’s dividends have been above 10 billion yuan and the dividend intensity continues to maintain an upward trend. In 2022, the company even claimed the highest dividend payment in the Shenzhen stock market that year with a dividend amount of 17.188 billion yuan.

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