Guangdian Tong: The subsidiary will not distribute dividends for now; the company will increase shareholder returns.

Investor Question:

Secretary, hello! Your company’s subsidiary, Guangdian Wuzhou. According to the 2025 annual report: during the reporting period, the company achieved net profit of approximately 28,664.6 million yuan, a year-on-year increase of 72.61%; however, the distribution proposal is not to distribute and not to increase shares. The State-owned Assets Supervision and Administration Commission has clearly guided and required central state-owned enterprises’ majority-controlled listed companies that their cash dividend payout ratio should be, in principle, no less than 50% of net profit. Local state-owned enterprises should also follow suit and raise dividend requirements. Guangdian Wuzhou’s approach clearly contradicts the relevant national requirements. Please let us know the rationale.

Secretary’s Response ( Guangdian Yuntong SZ002152):

1、The subsidiary Guangdian Wuzhou’s annual board of directors this time has not yet considered any dividend-related proposals, based on current business expansion and R&D investment needs. It will, based on subsequent operating conditions, prudently consider dividend matters and effectively safeguard shareholders’ long-term interests. Guangdian Wuzhou is a public company listed on the National Equities Exchange and Quotations (the New Third Board). Its stock code is 831619. For more details, please log in to the National Equities Exchange and Quotations System to check.2、With regard to shareholder returns, in 2025, Guangdian Yuntong’s cumulative total cash dividends are expected to be 919 million yuan (estimated), accounting for 106.74% of the net profit attributable to shareholders of the listed company for 2025. Among them, the cash interim dividends for 2025 that have already been implemented are 422 million yuan, and the proposed cash dividends for 2025 are 497 million yuan (already approved by the board of directors, and still requires approval at the company’s 2025 annual shareholders’ meeting). It will continue to increase the intensity of shareholder returns and use real cash to reward the trust of the broad investor community.

See more Q&A with the Secretary>>

Disclaimer: This information is excerpted by Sina Finance from publicly available information and does not constitute any investment advice; Sina Finance does not guarantee the accuracy of the data, and the content is for reference only.

Massive information and precise analysis—right here in the Sina Finance app