Junzheng Group outlines three-year dividend plan prioritizing shareholder returns
Inner Mongolia Junzheng Energy & Chemical Group Co., Ltd. has established its dividend return plan for the next three years, covering 2025 to 2027. The company's dividend policy emphasizes cash dividends as the primary form of distribution. For each year within this period, if the company's net profit is positive and accumulated undistributed profits are positive, and there are no significant investment or cash expenditure plans, cash dividends will be distributed.
The minimum cash dividend for any year will be at least 10% of the distributable profit for that year, or 30% of the average distributable profit over the most recent three years. The plan also outlines differentiated cash dividend ratios based on the company's development stage and capital expenditure needs, ranging from a minimum of 20% to 80% of distributable profit.
The company plans to conduct cash dividend distributions primarily annually, with the potential for interim cash dividends if conditions permit. This plan, developed with consideration for industry characteristics, development phase, profitability, and debt repayment capacity, is subject to shareholder approval. The board of directors will clarify and review dividend return plans every three years.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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