March 31, Gansu Shangfeng Cement Co., Ltd. (Hereinafter referred to as "Shangfeng Cement") announced that in order to continuously improve the scientific and standardized dividend-sharing mechanism, strengthen the protection of shareholders'rights and interests, and deepen the long-term value sharing with investors, according to relevant laws and regulations, Shangfeng Cement Co., Ltd. Combining with the business development strategy, the company has formulated the Shareholder Dividend Return Plan (2024-2026), which plans that the annual cash dividend amount for three years will not be less than 400 million yuan.
As a listed company on the main board of Shenzhen Stock Exchange, Shangfeng Cement always puts the interests of shareholders at the core of strategic decision-making. Based on the multi-dimensional scientific research and judgment of industry characteristics and development trends, its own business model, profitability, development strategic planning, shareholder returns, social capital costs, external financing environment and other important factors, the dividendi p plan promises that during the period from 2024 to 2026, the cash dividend will not be less than that of the company in principle. The annual cash dividend amount is not less than 400 million yuan in principle. If the net profit in that year is insufficient, the company will make up the difference through the undistributed profits over the years to ensure the rigid fulfillment of the dividend commitment.
In order to promote the stable, healthy and sustainable development of the company and return the trust and expectation of investors to the company, since the reorganization and listing in 2013, Shangfeng Cement has implemented 11 equity distribution schemes without financing from the capital market, and has accumulated a cash dividend of 3.345 billion yuan to investors; At the same time, the company also implemented three share repurchases, with a cumulative repurchase amount of 474 million yuan. The relevant person in charge
of Shangfeng Cement said that the release of the plan is not only a practical measure to respond to the requirements of capital market reform and implement the market value management responsibility of listed companies, but also an important practice to build a long-term trust link with shareholders. With an institutionalized and transparent return mechanism, the company will share the development achievements with social capital and work together to promote the ecological construction of value investment.
浙公网安备33010802003254号