Zhongshan Golden Horse published its 2018 Equity Distribution Plan on May 16. Upon the end of disclosure of A-share annual reports, Zhongshan-based listed companies either implemented or announced their Equity Distribution Plans one after another. Apart from Rifeng Electric Cable that lately went public, 16 out of 21 other listed companies got ready to pay dividends.

Such 3 companies as Topstrong, Zhongshan Golden Horse and Mingyang Smart Energy, which went public from the second half of last year to the first quarter of this year, have announced their intention to disburse dividends. Herein Topstrong has disbursed dividends by 2.2 yuan per 10 shares (tax-inclusive, similarly hereinafter) and transferred 8 shares per 10 shares to each shareholder by capital reserve.

In all, few companies are expected to implement a high reserve this year. Besides Topstrong and Zhongshan Golden Horse, Union Optech will disburse 3 yuan per 10 shares and reserve on a basis of 6 shares for every existing 10 shares. Tongyu Communication will disburse 0.4 yuan per 10 shares and reserve on a basis of 5 shares for every existing 10 shares.

Other listed companies planned to disburse dividends will mostly make the disbursement in cash. Vatti, for example, is planning to disburse a cash dividend of 258 million yuan in total by 3 yuan per 10 shares. JonjeE HI-TECH will disburse 183 million yuan in total by 2.3 yuan per 10 shares.

Among all the companies ready for disbursement of dividends, MLS and Ellington Electronics, who had implemented the semi-annual distribution of profits in the first half of 2018, now both plan for the annual disbursement of dividends.

Furthermore, 5 companies have no plan to disburse dividends, including Homa Appliances, Broad-Ocean Motor and Qtone Education who had witnessed losses.