KeywordsThai Yue bonus plan Performance Express bonus plan distributing cash dividend
What is the limit of high delivery in a listed company? The question may never be answered. Last year, the West Flying International (000768, close 13.42 Yuan) published in the 2008 Annual report launched 10 to 12 annual dividend plan, the market known as the "history of the most cattle dividend program." Less than one months later, Victoria shares (600300, closing price of 7.64 yuan) to 10 to 12 send now 0.3 yuan (including tax) bonus scheme refreshed West Flight International records. After a year, just landed on the gem soon the Shenzhou Tai Yue (300002, closing price of 109.37 yuan) proposed dividend plan and the former far flung behind. Today, the Shenzhou Thai Yue announced that the board is to submit a cash dividend of 3 yuan per 10 units (including tax) and then 15 shares of the profit distribution plan, called "The history of the most cattle dividend program." It is worth mentioning that this most of the cow's dividend package did not wait until the March 18 official release of the 2009 annual report of China, the public, but in today's performance letters have been released. However, the company also said that the dividend scheme is only preliminary, "there is a major uncertainty, the company's 2009 profit distribution final plan with the company audit body issued an audit report, the Board of directors to determine the allocation of the plan and submitted to the General Assembly for consideration by the shareholders." "However, analysts pointed out that since the company in the performance letters to the public, and there is no doubt that such a generous distribution will have a huge impact on the company's two-tier market share price, then the company should have communicated with the Board of Directors and shareholders, the dividend scheme will eventually be put into practice. From the operating situation, China Tai Yue 2009 both income and net profits have also increased significantly. The company realized operating income of 723 million yuan a year, an increase of 39.18%, net profit of 269 million yuan, an increase of 123%. Earnings per share amounted to $2.70, an increase of 92.86% from 2008. The company said that the main reason for performance growth is the steady growth of product sales, and the revenue structure has been optimized, the main business in the relatively high gross margin of software product development and sales, technical services, the proportion of revenue is larger and continue to improve. Especially in the mobile Internet operations support business areas, the company continued to strengthen the "flying letter" platform for the development and operation of supporting business, while expanding the "agricultural ICT" development and operational support services business, this area of income has maintained a sustained and rapid growth. In addition, it is worth mentioning that, as the first Landing Enterprise Board Company, the Shenzhou Thai Yue successfully raised 1.703 billion yuan, resulting in a substantial increase in net assets at the end of the year. As at December 31, the balance of shareholders ' equity had increased by 866.31% to 2.258 billion yuan, and the net assets per share amounted to 17.87 yuan. However, a significant increase in net assets is also a test of the efficiency of corporate capital use. The company's net asset yield of 2009 was 33.01%, a sharp drop of 29.98% per cent from 2008. Reporter Wang YanDan
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