Dongguan Holdings (000828.SZ) drastically increased cash dividends for the next three years, cash dividends of not less than 0.475 yuan/share per year

In the past two years, the Securities Regulatory Commission and the Shenzhen Stock Exchange have issued guidance documents on cash dividends several times, encouraging listed companies to increase the frequency of cash dividends under conditions that are in line with profit distribution, enhance the stability, sustainability and predictability of dividends, and take more measures to promote an increase in dividend rates and boost investors' confidence in the capital market.

Zhitong Finance App learned that as a state-owned listed company, Dongguan Holdings (000828.SZ) closely followed policy guidelines, increasing total dividends by 30% and 46% respectively in 2023 and 2024, with a cash dividend ratio of 50% of excess net profit for two consecutive years. In 2024, it also introduced mid-term dividends for the first time. The cumulative dividend reached 494 million yuan, accounting for 51.69% of net profit, giving back to investors through practical actions and continuously improving investors' sense of acquisition. It is worth mentioning that the dividend payment rate of Dongguan Holdings has increased for 4 consecutive years. By the close of trading on April 9, 2025, the dividend rate reached 4.67%, ranking among the highest levels in the industry.

Establish a long-term return mechanism to improve the level of return for investors

Based on actual conditions such as profit expectations and capital planning, Dongguan Holdings has further improved its dividend policy and formulated a dividend return plan for the next three years (2025-2027). The dividends showed new changes such as increased frequency and continuous optimization of dividend methods and rhythms, sending a positive signal to the market.

According to the “Company Law” and other relevant laws and regulations and the “Articles of Association”, after withdrawing the full amount of the statutory provident fund and any provident fund, the company promises that the cumulative dividend distributed in cash for the next three years (2025-2027) will not be less than 0.475 yuan/share per year on the premise that the profit available for distribution is positive and that the cash can satisfy continuous operation and long-term development.

The cornerstone of business development is steady, and dividend strength continues to grow

In 2024, Dongguan Holdings achieved net profit of 955 million yuan to mother, an increase of 43.26% over the previous year. The company holds a franchise for the Guan-Shenzhen Expressway. The expressway is located in the hinterland of the Pearl River Delta Ring Expressway (G94) in Guangdong Province. It is also an important fast track connecting Guangzhou, Dongguan and Shenzhen. It has an excellent geographical location and obvious location advantages. Relying on the energy level improvement of Dongguan's “Shuangwan” city and major opportunities for economic development in the Bay Area, there is significant potential for future traffic growth, which will continue to consolidate the competitive advantage of the company's core assets. As far as profit contribution is concerned, in 2024, the Expressway section of Dongguan Holdings contributed 713 million yuan in profit and received investment income of about 200 million yuan by participating in Dongguan Securities, etc. The above two parts formed a stable source of profit for Dongguan Holdings, laying a solid foundation for the company's business expansion and development of large dividends.