Foshan Lighting released the 2008 annual report for 16 consecutive years of dividends


Foshan Lighting: Net profit fell by 47% in 2008, and every 4 shares increased by 4 shares to send 2.2 yuan.

On April 8, Foshan Lighting released its 2008 annual report.

During the reporting period, the company completed a total of 1.082 billion bulbs in 2008, an increase of 8% over the previous year; the main business income was 1.689 billion yuan, an increase of 15.64% over the previous year; the foreign exchange earned by exports reached 87.06 million US dollars, an increase of 19.98. %; total profit was 275 million yuan, a decrease of 45.25% over the previous year; net profit was 224 million yuan, a decrease of 47.11% over the previous year; and realized after-tax earnings per share of 0.32 yuan.

The reason why the company's total profit decreased compared with the previous year was mainly due to the large amount of securities investment in the company in 2007, and the income from securities investment in 2008 decreased from the previous year. In fact, the company's main business development momentum is very good. In 2008, not only the main business income increased by 15.64% compared with the previous year, but the main business net profit also increased by 2.01%.

Profit Distribution:

The board of directors of the company intends to distribute a cash dividend of RMB 2.2 (including tax, B share dividend into Hong Kong dollars) for every 10 shares of A and B shareholders at the end of 2008, with a total share capital of 698,974,104 shares. The total amount of dividends is 153,774,302.88 yuan. 344,330,430.82 yuan carried over to the next year.

At the same time, the company intends to use the capital reserve fund to transfer 4 shares for every 10 shares of A and B shares at the end of 2008. After the transfer, the company's capital reserve will be reduced from 866,561,081.10 yuan to 586,971,439.50 yuan; the company's total share capital From 698,974,104 shares, to 978,563,745 shares. (And News Network)

Foshan lighting cash cows for 16 consecutive years of dividends

Since its listing, Foshan Lighting has been paying dividends every year and is known as a cash cow in the domestic capital market. Today, the 2008 annual report released by Foshan Lighting shows that the company has once again implemented a distribution plan for a cash dividend of RMB 2.2 per 10 shares. So far, since its listing in 1993, Foshan Lighting has been paying dividends for 16 consecutive years, which is a well-deserved cash cow.

Counting the current 2008 distribution plan, Foshan Lighting's accumulated cash dividends for the past 16 years totaled more than 2.2 billion yuan, and the company's total raised funds was only 1.037 billion yuan. In stark contrast to Foshan Lighting is the Jinbei Automobile. Since its listing in 1992, the company has never paid dividends to its shareholders. It is also an iron cock that is well-deserved in the capital market.

Foshan Lighting's annual report shows that the company achieved a main business income of 1.689 billion yuan last year, an increase of 15.64%; total profit of 275 million yuan, a year-on-year decrease of 45.25%; net profit of 224 million yuan, a decrease of 47.11% over the previous year; The stock income was 0.32 yuan. A careful reading of Foshan Lighting's annual report shows that the company's total profit decreased year-on-year, mainly due to the large amount of securities investment in the company in 2007, while the 2008 securities investment income decreased compared with the previous year. In fact, the company's main business development momentum is very good, in 2008 not only the main business income increased significantly, but also the main business net profit increased by 2.01%.

Zheng Tiemin, an analyst at Shenyin Wanguo, believes that Foshan Lighting is expected to usher in a new round of performance growth, and investors can continue to pay attention. (New Culture News)

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