On the evening of February 13th,Gree Electric(000651.SZ) ReleasedannouncementDisclosure mid-2021Dividendplan. Gree intends to temporarily use the total number of shares entitled to profit distribution rights of 5.537 billion shares on February 11, 2022 as the base.to the wholeshareholderFor every 10 shares, a cash dividend of 10 yuan (tax included) will be distributed, no bonus shares will be given, and no capital reserve will be converted into share capital. A total of about 5.537 billion yuan in cash dividends will be distributed.
The announcement shows,Gree ElectricParent company to achieve in the first half of 2021net profit7.888 billion yuan (unaudited), as of June 30, 2021, the profit available for distribution to shareholders was 59.671 billion yuan (unaudited). The company promises, “If the total share capital to which the company is entitled to profit distribution changes during the period from the disclosure of the distribution plan to the equity registration date for the implementation of equity distribution, the company will adjust the total dividends accordingly on the principle that the distribution ratio per share remains unchanged.”
Previously,Gree ElectricOn January 24, the “Shareholder Return Plan for the Next Three Years (2022-2024)” was disclosed,It is planned to distribute profits twice a year from 2022 to 2024. On the premise that the cash flow meets normal operation and long-term development, the company’s total accumulated cash dividends from 2022 to 2024 will not be less than 50% of the net profit of the year.The latest announcement pointed out that the proposal was considered and approved by means of communication voting at the 31st meeting of the 11th Board of Directors held on February 13 with 7 votes in favor, 0 votes against, and 0 abstentions.
In addition, Gree Electric also reviewed and approved the “Regarding the first phase of therepoProposal on Cancellation of Remaining Shares After Buying Shares for Employee Stock Ownership Plan. The announcement pointed out that in view of the fact that the company has no specific plan to use the first phase of repurchase remaining shares for employee stock ownership plan or equity incentives in the short term, combined with the actual situation of the company,It is planned to use the repurchased shares in the first phase for the change of use and cancellation of the remaining 157 million shares after the employee stock ownership plan.
Gree said that the cancellation of the remaining shares “is conducive to further improving the level of earnings per share and effectively improving the investment return of the company’s shareholders. It will not have a significant impact on the company’s financial status and operating results, and there will be no damage to the company’s interests and small and medium investors.” rights.” It is reported that without considering the fact that the company has repurchased some shares in the first phase and cancelled some shares repurchased in the third phase,After the cancellation of the shares, the total share capital of Gree Electric will be changed from 5.914 billion shares to 5.899 billion shares.
The share price of Gree Electric Appliances has been boosted by the cancellation of the shares and the increase in dividends. As of the close of the morning on February 14, the company’s stock price was 39.91 yuan, the transaction exceeded 1.8 billion yuan, and the company’s total market value was 236 billion yuan.
(Article source: 21st Century Business Herald)
