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ST Stock Exchange: it is not expected that a large number of companies will be implemented because of substandard cash dividends. On April 30th, the Shanghai Stock Exchange officially issued nine supporting business rules, including the rules for the examination and approval of Stock issuance and listing. The relevant responsible person of the Shanghai Stock Exchange makes amendments to the rules.ZookeepercryptoThe situation has been answered and recorded.Zookeepercrypto.Zookeepercrypto..
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ST Stock Exchange: it is not expected that a large number of companies will be implemented because of substandard cash dividends. On April 30th, the Shanghai Stock Exchange officially issued nine supporting business rules, including the rules for the examination and approval of Stock issuance and listing. The relevant responsible person of the Shanghai Stock Exchange answered the reporter's questions on the formulation and revision of the rules. The Shanghai Stock Exchange said that the revision of the rules introduced cash dividends that were not up to standard.ZookeepercryptoHis risk Alert (ST) measures are designed to urge companies to return to investors with stronger constraints. Unlike the "delisting risk warning" (* ST), listed companies will not be delisted simply because their dividends are not up to standard. If the dividend is not up to the standard, the implementation of ST is aimed at the company that has made a profit in the last year and the undistributed profit at the end of the parent company statement is positive, and makes an overall evaluation of the dividend situation in the past three years, when the cumulative dividend ratio and dividend amount in the three years do not meet the requirements (that is, the company whose net profit is positive in the most recent fiscal year and the undistributed profit at the end of the parent company statement is positive. If the total cumulative cash dividend in the last three fiscal years is less than 30% of the average annual net profit in the last three fiscal years, and the cumulative cash dividend in the last three fiscal years is less than 50 million yuan), the company will be implemented ST. The repurchase cancellation amount shall be included in the aforementioned cash dividend amount. The index design takes into account the return demands of investors and the sustainable development needs of the company, and the company can make its own dividend plan according to the company's profit and cash flow during the three-year evaluation period. In addition, the rules fully take into account the large R & D investment of Science and Technology Innovation Board enterprises, and make differential arrangements. When setting specific indicators, taking into account the undistributed profits, profitability and other factors that affect the dividends of listed companies, it is not expected that a large number of companies will be implemented ST because the cash dividends are not up to standard. Based on the 2022 data, there are about 30 companies involved in the Shanghai stock market. The rules will come into effect on January 1, 2025, and the first "last three fiscal years" refer to 2022-2024, and the companies involved still have time to improve their dividends. After the formal implementation of the rules, it will encourage more companies to return real money to investors.