share_log

Q4回落未改石英股份全年净利润飙升局面 大派“红包”20亿元 股息率亮眼|财报解读

The Q4 decline did not change the annual net profit situation of Quartz shares soared, and the “red envelopes” of 2 billion yuan had an impressive dividend rate | Financial Report Interpretation

cls.cn ·  Mar 23 00:08

① Driven by rapidly growing demand in downstream photovoltaics, semiconductor and other industries, Quartz's net profit in 2023 increased 3.78 times year-on-year. ② The company also introduced a high dividend and transfer plan that pays a cash dividend of 57 yuan for every 10 shares and increases 5 shares for every 10 shares. ③ The company's 2023 cash dividend per share reached 7 yuan. Currently, the dividend ratio is 8.43%, ranking third among all A-shares.

Financial Services Association, March 23 (Reporter Wu Chao) Driven by rapidly growing demand in downstream photovoltaics, semiconductor and other industries, Quartz (603688.SH) achieved an explosive increase in performance in 2023, and net profit increased 3.78 times over the same period last year. In addition, the company also actively gave back to shareholders and introduced a high dividend and transfer plan to distribute cash dividends of 57 yuan for every 10 shares and increase by 5 shares for every 10 shares.

According to Quartz Co., Ltd., in 2023, quartz, especially high-purity quartz, has become a “sought-after resource” in the industry, and the importance of quartz resources is increasingly recognized. The company actively promoted the expansion of production capacity. The 60,000 tons/year high-purity quartz material project was successfully completed. The scale of high-purity quartz sand was further innovated, and sales reached a record high.

According to financial reports, Quartz shares achieved operating income of 7.184 billion yuan in 2023, an increase of 258.46% over the previous year. Among them, revenue from semiconductor products increased by 181 million yuan over the same period last year, up 63.28% year on year; revenue from photovoltaic products increased by 5,028 billion yuan over the same period last year, up 388.71% year on year. Achieved net profit of 5,039 billion yuan, an increase of 378.92% over the previous year.

However, in the fourth quarter of 2023, the company's performance declined month-on-month, with operating revenue of 1,284 billion yuan, up 66.68% year on year, down 47.91% month on month; attributable net profit of 832 million yuan, up 72.49% year on year, down 53.14% month on month.

It is worth noting that Quartz Co., Ltd. also announced the 2023 profit distribution and capital transfer plan from the Provident Fund. The company plans to distribute a cash dividend of 5.70 yuan (tax included) per share to all shareholders. As of February 29, 2024, the total share capital of the company was 361 million shares, after deducting 411,800 shares of the company's repurchase account. The total proposed discovery dividend was 2,057 billion yuan (tax included).

According to information, the company previously implemented a profit distribution plan for the first half of 2023, distributing a cash dividend of 13 yuan (tax included) for every 10 shares to all shareholders who can participate in the distribution, for a total of 470 million yuan in cash dividends. The company also used centralized bidding to repurchase 102,900 shares in 2023, paying an amount of 8.7622 million yuan (not including transaction commissions, etc.), which is treated as a cash dividend according to the “Listed Company Share Repurchase Rules” and other regulations.

In summary, the total cash dividend of Quartz Co., Ltd. for 2023 was 2,535 billion yuan (tax included), and the 2023 cash dividend accounted for 50.31% of the net profit attributable to the annual consolidated statement.

Based on this calculation, the 2023 cash dividend for Quartz shares reached 7 yuan. As of March 22, the company's stock price closed at 83.01 yuan/share. When not excluded, the current dividend rate is 8.43%. According to the Wind database, Quartz shares rank third among all A-shares, after MediaTek (002394.SZ) and Whirlpool (600983.SH).

In addition, the company plans to transfer 0.5 shares per share to all shareholders with a capital reserve fund without bonus shares. After this increase, the company's total share capital will become 542 million shares.

Quartz Co., Ltd. believes that this high transfer plan is reasonable and feasible. As of the end of 2023, the company's capital reserve balance at the end of the consolidated statement period was 854 million yuan. The company's capital reserve fund was sufficient, and the implementation conditions were in place to transfer 5 shares for every 10 shares of all shareholders using the capital reserve fund. The company's main business has continued to grow in the past two years. The compound growth rate of net profit in the last two years was 720%, and profitability continued to improve.

Analysts told the Financial Federation reporter that the high dividend and transfer plan launched by Quartz Co., Ltd. this time is a sign of confidence in its profitability and cash flow, showing good corporate governance and investor relationships. This strategy not only gives back long-term support to shareholders, enhances investor confidence, but also shows the company's optimistic expectations for steady future development. However, investors also need to take a rational view and ensure that they focus on the company's long-term growth potential and industry trends, not just short-term dividend returns.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment