古茗22亿港元派息创纪录，超16亿流向老板团队

Core Viewpoint - The tea brand Gu Ming (01364.HK) is conducting a significant cash giveaway through a special dividend exceeding HKD 22 billion, benefiting both consumers and shareholders [1][2]. Group 1: Dividend Details - Gu Ming's board proposed a dividend of HKD 0.93 per share, totaling approximately HKD 22.1 billion based on 2.38 billion shares outstanding [2]. - Over 70% of the dividends will go to the company's actual controller and concerted parties, interpreted as a profit distribution to the owners [2]. - The special dividend aligns with a prior commitment made before the company's IPO, promising at least HKD 2 billion in special dividends by December 2025 [2]. Group 2: Shareholder Distribution - The majority of the shares, approximately 72.77%, are held by the founder Wang Yunan and concerted parties, indicating that over HKD 16 billion will flow to them from this dividend [2]. - Wang Yunan, through a family trust, holds about 39.56% of the shares, expected to receive around HKD 8.75 billion; CEO Qi Xia is set to receive about HKD 4 billion, and executive director Ruan Xiudi is expected to get around HKD 2.78 billion [2]. Group 3: Historical Context - This is not the first substantial dividend; Gu Ming previously distributed HKD 1.74 billion in January 2025, just before its IPO [3]. - The total dividends from both distributions exceed HKD 41 billion, surpassing the company's cumulative profit over the past year and a half [4]. Group 4: Financial Performance - In the first half of 2025, Gu Ming reported a net profit of HKD 16.25 billion, with a net profit margin of 28.72%, outperforming competitors in the new tea beverage sector [7]. - The company has a total of 11,179 stores as of mid-2025, ranking second only to Mi Xue Bing Cheng in terms of scale [8].