Recently, an investor raised a question on an interactive platform, pointing out that since its listing, Wuliangye Yibin Co.,Ltd. has consistently kept minority shareholders' suggestions in the discussion, research, and evaluation stage without taking concrete actions to restore their confidence. The investor asked if the company would still be unable to reach a conclusion even after another ten years, and if not, when it plans to implement specific measures that could genuinely enhance minority shareholder confidence. The question also suggested the company could learn from its industry's top performer, Kweichow Moutai Co.,Ltd.
In response, Wuliangye stated that it highly values these concerns, noting that stock price fluctuations are influenced by multiple factors. The company highlighted two key actions: firstly, it has consistently increased dividend payouts in recent years and announced a three-year shareholder return plan. In 2024, the company disclosed its "2024-2026 Shareholder Return Plan," proposing a dividend payout ratio of no less than 70% and a total dividend amount of no less than 20 billion yuan for the period. The cash dividend ratio for 2024 reached 70%, a 10 percentage point increase year-on-year. A 10 billion yuan interim dividend for 2025 has already been implemented. Secondly, to demonstrate confidence in the company's future development, the major shareholder has carried out two consecutive rounds of share acquisitions. The company expressed gratitude for the investor's attention.
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