Another A-share company plans to pay large dividends.
On the evening of March 18, Yiwei Lithium Energy announced that the company received a proposal letter from Liu Jincheng, the actual controller and chairman, on cash dividends, suggesting that a cash dividend of 5 yuan be distributed to all shareholders for every 10 shares in 2023, with a total cash dividend of 1.02 billion yuan.
Compared with the 2022 cash dividend of 327 million yuan, if the above profit distribution plan is successfully implemented, the 2023 cash dividend scale of Yiwei Lithium Energy will exceed three times that of 2022.
According to the announcement, Liu Jincheng suggested that Yiwei Lithium Energy pay 5 yuan for every 10 shares to all shareholders in 2023 based on the 2.041 billion shares of share capital after deducting the shares of the repurchase account, and the total cumulative cash dividend will reach 1.02 billion yuan.
Liu Jincheng promised to vote in favor of the above-mentioned 2023 cash dividend plan when the board of directors and shareholders 'meeting formally review it. ** What is the level of dividends of 1.02 billion yuan for Yiwei Lithium Energy? ** Data shows that from 2019 to 2022, the company's cash dividends were 165 million yuan, 47 million yuan, 304 million yuan, and 327 million yuan respectively, with a cumulative total of approximately 840 million yuan.
Based on this calculation, Liu Jincheng's proposed cash dividend scale for 2023 will exceed three times that of 2022 and exceed the company's cumulative dividend amount in the past four years.
In addition to planned large dividends, Yiwei Lithium Energy has also actively bought back the company's shares in recent years to improve investor returns.
From September 12 to October 11, 2023, the company completed the repurchase plan in just one month, and repurchased a total of 3.1896 million shares of the company through centralized bidding transactions, accounting for 0.16% of the total share capital. The total transaction amount is 150 million yuan; In February 2024, Yiwei Lithium Energy issued another repurchase plan, planning to spend 100 million yuan to 200 million yuan to repurchase shares to implement employee stock ownership plans or equity incentives. As of the end of February, the company had not yet implemented repurchase.
Yiwei Lithium Energy's confidence in dividends and repurchase comes from the company's continued good performance. According to the performance forecast, the company's net profit for 2023 will be 4.035 billion yuan to 4.211 billion yuan, a year-on-year increase of 15% to 20%.
As new factories and new production lines enter the mass production stage, Yiwei's lithium-energy lithium battery shipments continue to rise, and its market share in the domestic and foreign power battery and energy storage industries continues to grow. According to SNE Research data, the company's global power battery installed capacity in 2023 will be 16.2 GWh, a year-on-year increase of 129.8%, and its market share will increase from 1.4% in 2022 to 2.3%.

responsible editor: Qingyun

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