Minjiang hydropower: "Missing" do not change the dividend commitment

2008 "5?12" Wenchuan earthquake, located in the Hard-hit Minjiang River hydropower once lost contact with the outside world.　　The "Missing" Minjiang hydropower, the earthquake does not change the dividend commitment, won the respect of investors. The earthquake does not change the dividend commitment Minjiang Hydropower 11 employees died in the quake, the earthquake also caused the company Copper Bell, the next village, sand and grass slope 4 directly under the power station and 12 substation and transmission lines were greatly damaged, the company holds 40% shares of the Futang power station and in the ABA territory investment in hydropower projects are also under different degrees of damage, Direct property losses reached 155.03 million yuan, of which 153.51 million yuan in the loss of fixed assets, construction losses of 1.52 million yuan (excluding investment units under construction losses).　　According to the company's Dong Shao Jinsong, the cost of the power plant will be much higher than this level.　　It is this in the earthquake almost devastating hit the listed companies, in the shareholders "do not share" voice of the call to continue to complete the 2007 70.58 million yuan dividend delivery, to fulfill the promise, won the respect of investors. 2007 Minjiang Hydropower realized the income of 0.26 yuan per share, the result of the company's profit distribution plan to the company all shareholders 10 shares of cash dividend 1.40 yuan. The profit distribution programme was adopted at the shareholder meeting held on April 10, 2008. But then, after 1 months, the company was hit by the catastrophe of the Wenchuan earthquake, giving the company a deadly blow.　　Therefore, in this case, the Minjiang River hydropower still adhere to the practice of dividend dividends, reflecting the listed company's integrity and responsibility, which should be affirmed.　　According to wind statistics, Minjiang hydropower since the listing in 1998 has accumulated dividends over 200 million yuan. A large gap in the recovery of reconstruction funds under the unified leadership of the company's earthquake relief leadership group, the Minjiang hydroelectric power company's post-disaster reconstruction has won one after another victory: May 31, 2008, rumbling rumbling machine sound in Dujiangyan to Wenchuan high-grade highway in the Yingxiu section of the highway tunnel played again. At this point, the company Dujiangyan Power Supply officially began to start a large network of power supply.　　At the same time, Yang Liu, yellow phosphorus plant, new Central Asia, baisha several substations have also been under the network power.　　June 26, 2008, the company Minjiang Power Network South Network main hub-mill town 110KV Guo Jia Dam substation power Supply, successfully realized the Wenchuan "5?12" after the earthquake in the ABA region of the epicenter of the first power supply.　　November 18, 2008, the company Copper Bell power plant after the restoration of power generation, the company under the power plant in the shutdown repair damaged channels after the restoration of power generation, two power plant power generation capacity has been restored to the level before the earthquake, for the reconstruction of New min Electricity has laid a solid foundation.　　However, China Securities News reporter in the interview that the Minjiang River hydropower management level to be restored to the earthquake before, but also face a lot of uncertainties. According to the introduction, the Minjiang River hydropower restoration and reconstruction project volume, resulting in increased demand for funds, due to the lack of policy funding support, coupled with most of the company's assets have been secured, fundsThe shortfall could affect the company's rebuilding process. The progress of the company's power grid assets recovery depends on the overall planning of the ABA government. As a result of the company's power supply area in some large industrial users can not resume production within a short period of time, electricity recovery there is greater pressure, the new arrears can not be timely recovery, seriously affecting the company's liquidity turnover.　　The coming rainy season this year has also made it possible to regain some of the power grids that have been rebuilt. In the first quarter of this year, the Minjiang hydropower loss of 42.942 million yuan, down 738.78% from a year earlier, the company's production and operation has been gradually normalized compared with the four-quarter loss of 146 million yuan.