长江电力266亿元“修船闸”引争议，超5.7亿股反对

Core Viewpoint - Changjiang Electric Power (600900) announced a board resolution to invest approximately 26.6 billion yuan in the Gezhouba shipping capacity expansion project, facing criticism from small and medium investors, leading to a 3% drop in stock price following the announcement [1] Group 1: Shareholder Meeting and Voting Results - On August 15, the company held a shareholder meeting where the proposal received 17.52 billion shares in favor, accounting for 96.0174%, while opposing votes totaled 572 million shares (3.1358%) and abstentions were 155 million shares (0.8468%) [1] - Approximately 30 shareholders attended the meeting, with some having held shares for over 10 years, expressing concerns over the negative impact of the proposal on their investments [2] Group 2: Company Governance and Economic Analysis - The company’s secretary, Xue Ning, stated that as a state-owned listed company engaged in public utilities, it is significantly influenced by national policies, and the economic benefits should not be limited to the Gezhouba project alone [2] - Xue emphasized that the company is actively seeking policy support but has not yet received definitive approvals [2] Group 3: Dividend Policy - The company maintains a robust financial position and assures that the project will not affect its dividend policy, with a commitment to a dividend payout ratio of no less than 70% since the 14th Five-Year Plan, distributing over 20 billion yuan in dividends in the last three years [3] - The company plans to continue this dividend policy into the 15th Five-Year Plan [3]