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insight into yanghe shares' interim report and the basis for its high dividend plan|read the financial report

2024-09-05

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(photo source: yanghe shares)

yanghe sharesafter the release of the interim report on august 30, the stock price of 002304.sz surged, closing at 81.88 yuan per share, up 6.01%. the core catalyst is the interim results and a cash dividend return plan.

the interim report disclosed that in the first half of 2024, yanghe shares achieved operating income of 22.875 billion yuan, a year-on-year increase of 4.58%; the net profit attributable to shareholders of the listed company was 7.947 billion yuan, a year-on-year increase of 1.08%; and the non-net profit was 7.941 billion yuan, a year-on-year increase of 2.96%.

the dividend return plan shows that from 2024 to 2026, the company's total annual cash dividends will not be less than 70% of the net profit attributable to the parent company in that year and will not be less than 7 billion yuan (tax included, the same below).

looking back, the logic behind the rise in yanghe’s stock price is actually easy to understand: the liquor industry is still in a period of deep adjustment. yanghe shares has achieved stable performance through internal transformation and external breakthroughs and has made a commitment to guaranteed dividends. this not only demonstrates its resilience as an industry leader, but also to a certain extent shows that the industry’s long-term positive trend remains unchanged.