Conch Cement has distributed a total of 34.45 billion yuan in dividends in the past three years, wit

Byzengjiaming12

Updated Thu, 21 Apr 2022 16:27:16 GMT

Recently, Conch Cement announced its 2021 annual profit distribution plan. The company intends to distribute a cash dividend of 2.38 yuan (tax included) per share to all shareholders, totaling about 12.6 billion yuan, accounting for 38% of the net profit attributable to the parent company. the company's profit in 2021 declined slightly the company's profit in 2021 declined slightly under the influence of sluggish downstream demand and the sharp rise in raw coal prices, while the dividend ratio and dividends per share both maintained growth.

It is reported that Conch Cement has accumulated a total of 17.84 billion yuan in equity financing from the capital market since the listing in Hong Kong in 1997 and A-shares in 2002. As of 2022, the cumulative dividends amounted to 66.18 billion yuan, the cumulative dividend ratio reached 29.9%, and the cumulative dividends per share was 13.54 yuan. In the past three years, the total amount of dividends amounted to 34.45 billion yuan, the average dividend ratio was 33.8%, and the total dividends per share in the past three years was 6.50 yuan.

According to the 2021 annual report, the company's cement clinker business has developed steadily and its production capacity has expanded continuously. During the reporting period, Hunan Yunfeng Cement Clinker Project was completed and put into production, and it successfully merged and acquired cement projects such as Guangdong Hongfeng, Guizhou Xinshuanglong, Yunnan Tengyue, etc. The clinker and cement capacity added 7.2 and 14.25 million tons respectively by means of new construction and mergers and acquisitions; The clinker capacity was as high as 269 million tons and the cement capacity reached 384 million tons by the end of 2021. In 2022, the company plans to spend 23.5 billion yuan in capital expenditure, mainly with its own funds, which will be mainly used for project construction, energy saving and environmental protection technical transformation, mergers and acquisitions projects and equity investment expenditures. It is estimated that (excluding mergers and acquisitions) clinker and cement capacity will increase 4.6 and 1.4 million tons in 2022; the annual net sales of cement and clinker (excluding trade volume) was 325 million tons, increased by 6.9% year-on-year.

According to the 2021 annual report, the extension effect of the company's upstream industrial chain has appeared, and the new energy business has been pushed forward. During the reporting period, the Jiangxi Yiyang aggregate project was completed and put into production, and the mining rights of several aggregate projects were obtained through public auctions; it successfully acquired commercial concrete projects such as Anhui Guanteng Group, Yingde Tongde Concrete, and Shengde Concrete; it completed the acquisition of equity in Conch New Energy, and added 19 photovoltaic power stations and 3 energy storage power plants. The annual aggregate capacity added 7.5 million tons and the commercial concrete capacity added 10.5 million cubic meters; at the end of the period, the aggregate capacity was 65.8 million tons, the commercial concrete capacity was 14.7 million cubic meters, and the photovoltaic power generation capacity was 200MW. In 2022, it plans to add 44 million tons of aggregate capacity, 10.2 million cubic meters of commercial concrete capacity, and 1GW of photovoltaic power generation capacity.