Jingneng Power is a listed company engaged in the production and sale of electricity in China. As of July 2021, the company has not made any official announcements regarding its dividend distribution for the year. However, based on the available information and financial reports, we can summarize the following points:
1. Safety Knowledge Competition
From July 13 to 14, 2021, Jingneng Power held the "Jingneng Cup" (Coal Power Enterprise) Safety Knowledge Competition in Huaizhou Thermal Power Plant. A total of 63 participants from 21 affiliated units of the company took part in the competition. This event highlights the company's commitment to safety measures and knowledge in the power industry.
2. Financial Performance
According to the company's annual report for 2021, Jingneng Power achieved operating revenue of 22,236,992,401.29 yuan, representing a year-on-year growth of 10.65%. However, the net profit attributable to the shareholders of the listed company was -3,110,932,240.37 yuan, indicating a significant loss compared to the previous year.
3. Dividend Distribution
As of now, there is no specific announcement regarding the dividend distribution for the year 2021. However, based on historical data, the company has a track record of distributing dividends. For example, in the dividend record for the year 2022, the ex-dividend date was July 28, 2021, with a dividend of 1.2 yuan per 10 shares. It is expected that the company will disclose its dividend distribution plan in the future, considering its financial performance and shareholder returns.
4. Financial Planning and Transformation
Based on the company's articles of association and the "Shareholder Returns Plan for the Next Three Years (2020-2022)", Jingneng Power anticipated a significant loss in its 2021 annual performance. To ensure the company's daily operations, funding for transformation and development, and manage the increase in the company's asset-liability ratio, the company may need to adjust its financial planning and explore strategies for recovery and improvement.
5. Investor Relations and Share Pledge
Jingneng Power has been active in maintaining investor relations and disclosure of information. Recently, the company's second-largest shareholder, Tibet Shimao Enterprise Development, pledged 40 million shares of unlimited tradable shares to the Shanghai branch of Nanjing Bank Company Limited. This action may have been taken to meet financial needs or optimize the company's capital structure.
Conclusion
As of now, Jingneng Power has not announced its dividend distribution for the year 2021. The company's financial performance indicates a significant loss, which may impact its dividend plans. However, based on its historical dividend distribution and commitment to shareholder returns, it is expected that the company will disclose its dividend plan in the future. Investors and shareholders are advised to stay updated with the company's official announcements and reports for the latest information on dividend distribution.