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2 Zhongshan firms dispatch 'red packet' for the first time
Updated: 2019-04-24    Source: Zhongshan Daily Large Medium Small Print

As of April 22, nine registered companies in Zhongshan had disclosed their profit distribution schemes. Among them, Zhongshan Golden Horse, Topstrong and Union Optech all resorted to cash dispatching and common reserves capitalization. 

Zhongshan Golden Horse and Topstrong were both listed in the middle of last year. It was also the first time for them to distribute rights and interests.

Among the nine companies announced, three of them have dispatched cash and high common reserves capitalization. Zhongshan Golden Horse intends to distribute the largest "red packet". Based on 40 million shares obtained at the end of 2018, it plans to distribute 0.8 yuan cash dividend per share (tax included and follows suit), which means a total of 32 million yuan cash dividend will be distributed. Meanwhile, common reserves capitalization will be conducted and each 10 shares may obtain 8 more shares.

Four companies adopted cash dispatching as a profit distribution method. Among them C&S generated in an operating income of 5.678 billion yuan in 2018, with a year-on-year increase of 22.43%; 407 million yuan of net profits belongs to shareholders of the listed company, with an increase of 16.60%. Based on the distribution plan, all the shareholders can obtain 0.23 yuan generated by each 10 shares.

One of the companies conducted profit distribution in the middle of last year and all year round. MLS plans to distribute a cash dividend of 1.3 yuan for each 10 shares, which is open to all shareholders. In the middle of 2018, it distributed semi-annual equity distribution, and all shareholders could obtain 0.75 yuan for each 10 shares.

In addition, one of the companies will not distribute profit. Chant Group had finished its profit distribution in the middle of 2018. At that point, shareholders obtained 2 yuan for each 10 shares. Thus, no distribution will take place this year.

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