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On July 17, another group of listed companies proposed mid-term dividend plans to further increase investor returns and share development results with investors. Among them, Fuchuang Precision, Weimaisi and other listed companies plan to share with investors no less than 50% of their parent company's net profit in the first half of 2024.

According to statistics from a Securities Times reporter, 138 A-share listed companies have proposed mid-term dividend plans, accounting for 70% of the number of listed companies that implemented mid-term dividends last year. This number is expected to grow further.

Fuchuang Precision announced that evening that in order to enhance the investment value of the listed company, share the development results with investors, and effectively protect the interests of the majority of investors, the major shareholder Shenyang Xianjin proposed to implement mid-term dividends to implement the company's 2024 "quality improvement, efficiency increase and return" action plan. Shenyang Xianjin suggested that the dividend amount of the listed company should not be less than 50% of the net profit attributable to the parent company in the first half of 2024, and should not exceed the net profit attributable to the shareholders of the listed company during the corresponding period.

Fuchuang Precision was not the only listed company that implemented the "quality improvement, efficiency increase and return emphasis" action plan with interim dividends that night. As of 22:00 on July 17, a total of 13 listed companies announced arrangements for implementing interim dividends.

Like Fuchuang Precision, Wan Renchun, the actual controller and chairman of Weimaisi, proposed to increase the planned dividend ratio to 50%. Jin Xianghua, the chairman and actual controller of Jinhong Gas, suggested that cash dividends of no less than 40% of the net profit in the first half of the year should be distributed. In addition, listed companies such as Changling Hydraulics and Notai Biotechnology have proposed a dividend ratio of 30%.

Listed companies such as Guobo Electronics, Shengxiang Bio, Jinzi Food, WeiChuang Electric, and Elis have all clarified the dividend amount per share in one go.

State-owned enterprise Guobo Electronics just completed the last round of equity distribution plan in early July. The company's latest mid-term dividend plan is to pay a cash dividend of 5.10 yuan (tax included) for every 10 shares. Based on the company's current total share capital of 596 million shares, Guobo Electronics' dividend payment will exceed 300 million yuan. According to Wind statistics, Guobo Electronics, which went public in 2022, has completed three dividends so far, with a cumulative dividend amount of 754 million yuan, and an average dividend rate of 60% since its listing.

Shengxiang Bio plans to adopt the method of mid-term dividends and cancellation of repurchased shares at the same time to further improve the company's long-term investment value and enhance investor confidence. Dai Lizhong, the actual controller and chairman of the company, proposed to pay a cash dividend of 2.50 yuan (including tax) for every 10 shares to all shareholders, and at the same time cancel 1 million shares deposited in the repurchase special securities account for employee stock ownership plans or equity incentives to reduce registered capital, and effectively improve shareholders' investment returns by increasing earnings per share.

It is worth mentioning that the listed companies that proposed interim dividends not only strengthened investor returns through practical actions, but also focused on their core businesses and strengthened their core competitiveness. Most listed companies also had good performance expectations in the first half of the year.

According to the performance forecast disclosed by Fuchuang Precision on the same day, the company expects to achieve a net profit of 115 million to 135 million yuan in the first half of 2024, a year-on-year increase of 20% to 41%; the company's performance growth benefited from the strong growth in demand in the domestic semiconductor market and the recovery of the foreign semiconductor market. The performance forecast previously disclosed by Shengxiang Bio showed that it is expected to achieve a net profit of 150 million to 165 million yuan in the first half of the year, a year-on-year increase of 64% to 80%. During the reporting period, the company's technology, products and market layout in many key areas have made great progress and gradually entered a stage of large-scale growth.

Since the beginning of this year, it has become a trend for listed companies to implement mid-term dividends. As mid-term performance gradually becomes clearer in July, the frequency of mid-term dividend plans has become increasingly frequent.According to incomplete statistics from Securities Times reporters, as of July 17, 138 listed companies have disclosed mid-term dividend plans this year, accounting for 70% of the number of listed companies that implemented mid-term dividends last year. According to statistics, from 2021 to 2023, the number of A-share listed companies that implemented mid-term dividends will be 186, 138, and 194 respectively.

Since the beginning of this year, regulators have introduced a number of policies to encourage listed companies to increase dividends. In April this year, the new "National Nine Articles" required strengthening the supervision of cash dividends of listed companies, and multiple dividends were exactly what was meant by the title. The new "National Nine Articles" stated that listed companies should enhance the stability, sustainability and predictability of dividends, and promote multiple dividends, pre-dividends, and dividends before the Spring Festival. For companies that have not paid dividends for many years or have a low dividend ratio, restrict major shareholders from reducing their holdings and implement risk warnings. Incentives should be increased for companies with high-quality dividends.

Editor: Chen Lixiang

Proofreading: Yang Lilin