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Source: Changjiang Business Daily
Li Jie, a reporter from Changjiang Business Daily
Under the guidance of regulatory policies, emphasizing the improvement of shareholder returns is gradually becoming an investment trend in the A-share market.
A few days ago, Dier Laser, a leading company in the field of photovoltaic laser equipment, (300776)Nationalcasinobonus.SZ) Disclosure of the implementation notice of the annual distribution of rights and interests in 2023. In 2023, Dier Laser intends to pay a cash dividend of 3 per 10 shares.Nationalcasinobonus.5 yuan (including tax, the same below), with a total cash dividend of 95.207 million yuan.
Changjiang Business Daily reporter noted that since its listing in 2019, Dier Laser has implemented profit distribution for five consecutive years. Flush iFinD data show that Dier Laser has paid out more than 400 million yuan in cash after its listing, including profit distribution in 2023.
Behind the continuous dividend, with the rapid development of photovoltaic industry in recent years, Dier Laser's business performance has maintained a steady improvement as a whole. Since listing, Dier Laser has increased both revenue and net profit for five consecutive years. In the first quarter of this year, the company achieved 450 million yuan in revenue and 135 million yuan in net profit, the highest in history in the same period, of which the net profit in a single quarter exceeded 100 million yuan for the first time.
Cash dividends for five years in a row
According to the announcement issued by Dier Laser, this equity distribution will be based on the existing total share capital minus the total share capital of 272 million shares repurchased in the company's buyback special account, and will distribute RMB 3.50 yuan (including tax) to all shareholders for every 10 shares (including tax). The total amount of cash dividends actually distributed is 95.207 million yuan (including tax), no accumulation of provident fund to increase share capital and bonus shares, and annual distribution after the remaining accumulated undistributed profits are carried forward.
A reporter from the Yangtze River Business Daily noted that the new "National Nine articles" issued last month emphasized increasing incentives for high-quality dividend companies, and under the guidance and supervision of a series of regulatory measures, A-share listed companies have thrown out "real gold and silver" dividend plans one after another. to give back to investors with greater efforts.
According to data released by the China Association of listed companies, as of April 30, 3859 listed companies have announced or implemented cash dividend plans for 2023 (including quarterly, semi-annual, annual and special dividends), accounting for 92% of all profitable companies, with a total cash dividend of 2.24 trillion yuan.
Of the 150 A-share listed companies in Hubei, 99 disclosed their cash dividend plans for 2023, an increase of 7 over the previous year, accounting for 86.8% of all profitable companies, with a total proposed cash dividend of 17.291 billion yuan in 2023.
Among them, Dier Laser has issued an annual profit distribution plan for five consecutive years since it went public in May 2019, including twice in 2019. In addition, in 2023, the company will implement a cumulative cash dividend of more than 400 million yuan since its listing.
In fact, Dier Laser has basically implemented profit distribution every year except 2018 since it landed on the new third board in December 2015.
It is worth mentioning that recently, Dier Laser also released the next three years (2023-2025) shareholder dividend return plan.
According to the plan, if the company makes profits in the last fiscal year, the cumulative distributable profits are positive, and there are no major investment plans or cash expenditures that affect profit distribution, profit distribution will be implemented. The distributable profits of the company in that year or half year are positive and the cumulative undistributed profits of the company at the end of the period are positive, the cash is abundant and the implementation of cash dividends will not affect the subsequent continuous operation of the company, the audit institution issues an audit report with standard unqualified opinions on the company's financial report for that year, and the company has no major investment plans or major cash expenditures (except fund-raising projects), cash dividends will be implemented.
Research and development fees will increase by more than 90% in 2023
According to public data, Dier Laser was founded in Optics Valley of China in 2008 and has been deeply cultivated in the field of micro-and nano-level laser precision processing for many years. it is the first national high-tech enterprise to introduce laser technology into photovoltaic solar cell route in China.
Thanks to the rapid development and technological innovation of the photovoltaic industry in recent years, Dier Laser's operating performance as a whole has maintained steady growth. Financial data show that from 2019 to 2023, Dier Laser achieved revenue of 700 million yuan, 1.072 billion yuan, 1.257 billion yuan, 1.324 billion yuan and 1.609 billion yuan, respectively, and net profit of 305 million yuan, 373 million yuan, 381 million yuan, 411 million yuan and 461 million yuan, respectively. The company's revenue and net profit have always maintained a double increase.
According to the annual report, in 2023, Dier Laser's main product, solar cell laser processing equipment, achieved a business income of 1.367 billion yuan, accounting for 84.99% of the total revenue, an increase of 17.03% over the same period last year, and a gross profit margin of 48.34%, an increase of 1.43% over the same period last year.
What is noteworthy is that Dier Laser continues to focus on its main business and actively develops into the areas of consumer electronics, new displays and integrated circuits, and the company's consumer electronics laser processing equipment is delivered again. In 2023, the sector achieved an operating income of 7.7699 million yuan and a gross profit margin of 56.48%.
In 2023, the company's photovoltaic equipment shipments increased by 133.20% to 1763 units compared with the same period last year, which laid a solid foundation for the company's high revenue growth in 2024.
In the first quarter of this year, Dier Laser achieved revenue of 450 million yuan, an increase of 29.60% over the same period last year, and its net profit was 135 million yuan, an increase of 44.48% over the same period last year. At the same time, the company's gross profit margin in the first quarter was 48.65%, an increase of 1.6 percentage points over the same period last year.
In recent years, Dier Laser has continuously increased its R & D investment and enhanced its technological innovation capability. In 2023, the company's R & D personnel further increased, with R & D expenses of 251 million yuan, an increase of 91.65% over the same period last year, accounting for 15.58% of revenue. In the first quarter of 2024, R & D expenses were 69.9569 million yuan, an increase of 60.35% over the same period last year, and continued to maintain substantial growth. As of December 31, 2023, the company and its subsidiaries have a total of 262 patents at home and abroad.