The First Wave Of Underwear 20 Years, "Iron Chicken" Intends To Pay Dividends.

The company will be paid dividends in the past 20 years, and then it will be involved in the recent Sino US trade war, triggering investors' concerns about the future performance of the company.

Recently, the output rate of the company has been somewhat high.

First of all, the "iron chicken" hat, which has never been paid dividends for nearly 20 years, will be picked up and touched by shareholders.

And then they were involved in the recent "Sino US trade war", causing investors to worry about the company's future performance.

In March 28th, the investors responded to the investor's interactive platform. It said that the company would pay dividends after the cash dividend conditions were reached, and how to allocate dividends should be put forward by the board of directors and submitted to the shareholders' meeting for approval.

On the export business of investors concerned about the United States, in March 26th, the company announced that the company's underwear products export business accounted for less than 10% of the company's annual revenue, of which fewer exports to the United States, and Sino US trade war had little impact on it.

20 years of "iron cock"

In 2007, the Bank of Changsha entered the capital market with the backdoor Changjiang holdings. At that time, the title of "underwear first share" attracted many investors in the market.

Compared with the image of "not just attracting" outside the company, it has been distressed by investors who have never listed dividends for more than 10 years.

Coupled with the 9 years before the Changjiang holding listing, Rand shares and its predecessor, Changjiang holding company, have never had any dividends during the 20 years, including the pfer of shares.

Because of this, the market has been praised as "iron chicken" by the market.

Statistics show that the Changjiang holding company went public in 1998. After the first year of listing, it lost money due to the rising cost of main business. Thereafter, Changjiang holdings reported losses in 1999, 2001, 2002, 2004 and 2005 respectively, and long-term losses also resulted in negative profits from the company's undistributed profits.

It was not until 2007 that after the backdoor listing of the group, the performance of the company began to turn losses into profits.

However, it is worth mentioning that, although the performance of the shares of the company has been turned into a deficit, it has continued the tradition of the Changjiang holding company.

From the net profit and undistributed profit of the shares, the net profit of the company has already started to turn the deficit into surplus in 2006, but the undistributed profit is still negative until 2012.

If the listed companies have not been paid dividends because of the "undistributed profit", then the dividend plan should be given after the "undistributed profit is positive".

However, the company still rejected the dividend on the grounds that "the parent company has not been allocated as a negative number".

Insiders at the Shanghai Stock Exchange told reporters that cash dividends are an important way for listed companies to repay investors.

A listed company shall formulate a practicable dividend policy and implement cash dividends continuously and in full.

Regulators are in action.

It is worth mentioning that although the shares have not been paid dividends, but the company in the year of profit, has been blood pfusion for the parent company.

According to the 2016 annual report, the net profit of the company in 2016 was 13 million 450 thousand yuan, and the cash dividend to the parent company was 30 million yuan.

In the evening of February 5, 2018, the company received the "supervision letter" of the Shanghai Stock Exchange.

The letter shows that the Shanghai Stock Exchange asked the board of directors of the board to explain to investors why the cash dividends could not be implemented for a long time.

For this, it seems that the company has prepared early and its response has been quite rapid.

Reporters noted that in the evening's reply to the exchange's announcement, the company said that the company's 2017 annual business results after audited, the ability to cash dividends.

As for the reasons for the failure to pay dividends for a long time, the company explained that the company left a deficit of 447 million 464 thousand and 800 yuan before the reorganization of the company in 2007.

By the end of 2007, the distribution profit of the parent company was -16090.55 yuan, that is, the undistributed profit of -1.6 billion yuan.

This situation was reversed until 2017.

Zhejiang's Lingsha Underwear Co., Ltd. made the fourth dividend payment to its parent company to complete the loss of 29 million 177 thousand and 400 yuan at the beginning of 2017. After the audit, the undivided profits of the consolidated statements and the unallocated parent company were all turned positive.

In addition, the reporter also noted that in order to respond to dividend decisions, the company also revised the articles of association to further clarify the standard of cash dividends and the proportion of dividends.

According to the revised "

"It is shown that" the company stipulates that after the end of each fiscal year, the net profit and the distributive profit of the audited year are all positive, and the profit allocated in that year shall be no less than 10% of the profits allocated for that year. The profit from the accumulated cash dividends in the latest 3 years shall be no less than 30% of the average annual distributable profit realized in the last 3 years ".

In response to a reporter's interview, people from the Securities Department of the Sha Sha securities company said that the company is in the window of the annual report disclosure and is not allowed to be interviewed.

As regards the issue of dividends, the person told the company has made relevant disclosures.

Although he expressed his intention to pay dividends, some investors said on the exchange platform, "if the calculation of the maximum profit in 2017 is increased by 10 million yuan, the net profit attributable to shareholders of the listed company is 13 million 458 thousand and 800 yuan.

Then, the company predicts that it will achieve 23 million 458 thousand and 800 yuan in 2017.

And if the company wants to make up for its fourth cash dividend to complete its loss of 29 million 177 thousand and 400 yuan at the beginning of 2017, even if the profits of the previous year have not been allocated, the amount that the company can use to pay dividends will not be too much.

The investor believes that the dividends of the shares are more symbolic.

In the eyes of market participants, the shares of Sha Sha are also quite restructured.

At present, the total share capital of the company is less than 100 million shares, and the shareholding ratio of the big shareholder is 42.68%.

Investors worry about whether the company is the same as the group.

Competition, the development of the company's electricity supplier, the Dongsha Ma Dongming Ma, on behalf of the interactive platform, said that for the time being, there is no competition between the group and the group, one is the manufacturing and sales of socks, and the other is underwear products.

At present we

Online sales are better.