nsudvideopoker| The dividend rate is 83%. Rongsheng Petrochemical actively implements the action plan of "Double Improvement of Quality and Return"

On the evening of April twenty _ fifthNsudvideopoker, Rongsheng Petrochemical (002493) (SZNsudvideopoker: 002493) issued the annual report for 2023. The annual report showsNsudvideopokerThe company's dividend plan for 2023 is to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders, with a total dividend amount of about 957 million yuan (including tax), with a dividend rate of about 83%.

In terms of operation, during the reporting period, the company's total assets 3Nsudvideopoker74.918 billion yuan, an increase of 3.40% over the same period last year; the company's operating income was 325.112 billion yuan, an increase of 12.46% over the same period last year; the net cash flow from operating activities was 28.079 billion yuan, an increase of 47.33% over the same period last year; and the net profit was 1.158 billion yuan. It is worth noting that from the gradual changes in earnings in a single quarter, Rongsheng Petrochemical's profitability is gradually improving.

Attach importance to shareholders' returns and share the fruits of development

In order to actively respond to the guiding ideology of "activating the capital market and boosting investor confidence" put forward at the meeting of the political Bureau of the CPC Central Committee in July 2023 and "vigorously improving the quality and investment value of listed companies" pointed out at the executive meeting of the State Council in January 2024, Rongsheng Petrochemical Company disclosed the action plan of "double improvement of quality and return" on February 29 this year. And actively implement it.

Rongsheng Petrochemical said in its annual report that in 2023, the company actively responded to the complex market environment, strengthened internal management, and enhanced its core competitiveness, which made the company make good progress in all kinds of business. while continuing to stabilize its position as a leading enterprise in the global petrochemical industry, the company also attaches great importance to shareholder returns, so that every investor can share the fruits of the company's development.

In order to share the fruits of the company's development with the majority of investors, since its listing, Rongsheng Petrochemical has formulated the "shareholder return Plan for the next three years" and constantly updated it. According to statistics, Rongsheng Petrochemical has achieved a "long-term, stable and sustainable" shareholder value return mechanism, including the 2023 cash dividend, the company will achieve a 14-year cash dividend, uninterrupted during the period.

Actively increase its holdings and repurchase to boost market confidence

While steadily sharing the development dividend with investors, Rongsheng Petrochemical and its controlling shareholder, Rongsheng Holdings, are also continuously buying back and increasing their holdings in the company. According to the contents of the announcement, in terms of the company's share buybacks, as of March 31, 2024, the three-phase repurchase accumulated 552.38 million shares of the company's shares, accounting for 5.46% of the company's total share capital, with a total transaction value of 6.98 billion yuan. In terms of share increase, as of April 18, the company's controlling shareholder, Rongsheng Holdings, had more than half of the implementation period, with a cumulative increase of 48.1682 million shares in the way of centralized bidding, accounting for 0.48% of the company's total share capital, with an increase of about 502 million yuan.

The repurchase and increase of real gold and silver demonstrates Rongsheng Petrochemical's firm confidence in the company's development prospects and long-term value, as well as its determination to safeguard the company's market value and the rights and interests of investors.

It is worth mentioning that since listing, Rongsheng petrochemical business has developed rapidly, and its operating income has increased from 15.796 billion yuan in 2010 to 325.112 billion yuan in 2023, with a compound growth rate of 26.19%. At present, Rongsheng Petrochemical has grown into one of the leading petrochemical enterprises in the world, ranking 7th on the list of the most valuable brands in the global chemical industry in 2023 and 16th among the top 50 chemical enterprises in 2023.

From the point of view of development speed, development quality and long-term investor return, Rongsheng Petrochemical has truly achieved sustainable and high-quality development. Rongsheng Petrochemical said that in the future, the company will continue to implement the program of "double improvement of quality and return". Through standardized corporate governance and real value investment, Rongsheng Petrochemical will actively contribute to the stability of the market and confidence. promote the company's stock price to return to long-term inherent reasonable value.

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