①Since the beginning of this year, A-share companies have continuously increased their dividend payout ratio; ②Wind data shows that 37 Interactive Entertainment Network Technology Group has the highest number of dividend payouts since 2024; ③An overview of the list of listed companies with the most dividend payouts this year (see table).
Caixin News on November 10th (Editor: Li Chen) Since the beginning of this year, A-share companies have continuously increased their dividend payout ratio. Wind data shows that as of now, there are over 200 listed companies in A-shares that have disclosed their third quarter or previous three quarter cash dividend plans, with the number of listed companies planning cash dividends reaching a new high in recent years. Kweichow Moutai announced its mid-term profit distribution plan on Friday, proposing a cash dividend of 23.88 yuan per share, totaling approximately 30 billion yuan in cash dividends (including tax). Industry experts believe that dividends can boost investors' confidence and investment enthusiasm in companies. Only companies with good performance and sufficient cash flow can reward investors through dividends.
Wind data shows that the 37 Interactive Entertainment Network Technology Group has the highest number of dividend payouts among A-share listed companies this year, with three times. Shenzhen Mindray Bio-Medical Electronics, Shandong Taihe Technologies, Shandong Linglong Tyre, Daodaoquan Grain and Oil, S.F. Holding, Jiangsu Jibeier Pharmaceutical Co., Ltd., and Action Education have all had two dividend payouts each. The details are as shown in the chart:
On November 1st, 37 Interactive Entertainment Network Technology Group announced its third quarter equity distribution plan for 2024, with a total of 10 shares to be distributed to all shareholders for a cash dividend of 2.10 yuan per share of RMB cash (including tax) on the actual issued total share capital excluding the special securities account for repurchase by listed companies. The equity distribution record date for this period is November 7, 2024, and the ex-dividend date is November 8, 2024. On April 19, 37 Interactive Entertainment Network Technology Group announced that the company plans to distribute dividends based on undistributed profits and current performance for the first quarter, half year, and third quarter of 2024. Wind data shows that since its listing, 37 Interactive Entertainment Network Technology Group has accumulated cash dividend payouts 23 times, totaling 9.3 billion yuan in cash dividends. Chen Xiao and others from GTJA Securities released a research report on November 2, stating that 37 Interactive Entertainment Network Technology Group has conducted quarterly dividends three times this year, with abundant reserve products and is expected to gradually enter the market between 2024-2025, providing support for next year's growth.
On October 30, Shenzhen Mindray Bio-Medical Electronics announced the implementation of the second mid-term equity distribution for 2024, distributing a cash dividend of 16.50 yuan (including tax) per 10 shares to all shareholders, with a total of 2 billion yuan in cash dividends planned. The equity distribution record date for this period is November 6, 2024, and the ex-dividend date is November 7, 2024. It is worth noting that including the 4.92 billion yuan interim dividend implemented in the 2024 interim report, the total amount of two interim dividends will reach 6.92 billion yuan. Wind data shows that since its listing, Shenzhen Mindray Bio-Medical Electronics has distributed cash dividends 9 times, totaling 29.723 billion yuan in cash dividends.
In a research report released by Southwest Securities led by Du Xiangyang on November 7, Shenzhen Mindray Bio-Medical Electronics' net operating cash flow for the first three quarters of 2024 was 11.07 billion yuan (+42.5%), with a second mid-term cash dividend of about 2 billion yuan distributed to all shareholders, exceeding 65% of the profit. Shenzhen Mindray Bio-Medical Electronics continues to increase its investment in product innovation and research and development, especially making breakthroughs in the high-end field. It is expanding the 'Rui Zhilian' ecosystem application scenarios within hospitals. Based on its layout and advantages in medical monitors, anesthesia machines, ventilators, infusion pumps, and other products, Shenzhen Mindray Bio-Medical Electronics has introduced multiple scenarios solutions including hospital-wide, critical care, perioperative, emergency, cardiology, and general care scenes.
On October 30, S.F. Holding announced the implementation of the mid-term dividends and special dividend distribution for 2024, with the equity distribution record date for this period being November 6, 2024, and the ex-dividend date being November 7, 2024. Luo Jiangnan and others from China Galaxy Securities released a research report on October 31, stating that on October 10, 2024, S.F. Holding announced a plan to launch the 2024 mid-year dividend and special dividend plan. According to the announcement: 1) 2024 mid-year dividend plan: a cash dividend of 4 yuan (including tax) will be distributed per 10 shares to all shareholders, with an estimated total of approximately 1.92 billion yuan for the 2024 mid-year dividend, accounting for about 40% of the company's net profit attributable to the parent company in the first half of 2024. 2) Special dividend plan: a cash dividend of 10 yuan (including tax) will be distributed per 10 shares to all shareholders, with an estimated total special dividend of approximately 4.8 billion yuan to be handed back to the shareholders.
Wind data shows that since its listing, S.F. Holding has distributed cash dividends 21 times, totaling 16.948 billion yuan in cash dividends. On October 29, analysts including Zheng Shuming from Sinolink Securities released a research report, stating that in the third quarter of 2024, S.F. Holding focused on investing in creating long-term core competitiveness, consistently implementing lean resource planning and cost control, optimizing operational modes, adjusting network structures, increasing resource utilization rates, and achieving a virtuous cycle of business growth and scale efficiency, with operating costs increasing by just 9.3% year-on-year. As a result, the gross margin of S.F. Holding in the third quarter of 2024 increased by 2.2 percentage points to 14.1%.
On October 30, Action Education released the 2024 third-quarter equity distribution implementation announcement, planning to distribute a cash dividend of 5.00 yuan (tax included) per 10 shares to all shareholders. The equity distribution record date for this distribution is November 5, and the ex-dividend date is November 6. In a research report published by Liu Jiaren and others from East Money Information Securities on October 31, it was stated that Action Education's Q3 revenue growth has slowed down, but high dividends are still in place. The company plans to distribute 5 yuan in cash dividends per 10 shares, with an estimated dividend of 0.06 billion yuan for the third quarter; combined with the dividend of 0.118 billion yuan in the first half of the year, the company's total dividends for the first three quarters of the year amount to 0.178 billion yuan, accounting for 91.32% of net income attributable to the parent company. Wind data shows that Action Education has declared cash dividends 7 times since its listing, with a total cash dividend of 0.812 billion yuan. Daodaoquan Grain and Oil released the 2024 first half-year equity distribution implementation announcement on November 1, with a proposal to distribute 0.90 yuan in RMB cash (tax included) per 10 shares for the first three quarters of 2024. The equity registration date is November 8, 2024, and the ex-dividend date is November 11, 2024.