伊利股份七连阳，承诺未来三年分红率不低于75%

Core Viewpoint - Yili Co., Ltd. (600887) has shown strong stock performance, with a seven-day consecutive rise, reaching a peak of 29.32 CNY per share, close to its annual high. The company's fundamentals remain robust, with total operating revenue exceeding 90.564 billion CNY in the first three quarters, a year-on-year increase of 1.81%, and a non-net profit exceeding 10.103 billion CNY, a significant year-on-year growth of 18.73% [1] Financial Performance - The company has a solid historical performance, with a compound annual growth rate (CAGR) of nearly 14% in revenue and a net profit CAGR of 19.51% from 2005 to 2024 [1] - Since 2009, the company has maintained an average return on equity (ROE) of over 15% for sixteen consecutive years, a feat achieved by only a few companies in the A-share market [1] Dividend Policy - Yili has a strong commitment to shareholder returns, with a planned dividend payout ratio of no less than 75% and a guaranteed dividend of 1.22 CNY per share (before tax), resulting in a current dividend yield of approximately 5% [1] - The company has a history of substantial dividends, having distributed over 61.6 billion CNY in total dividends since its listing, with a dividend rate exceeding 64% [3] - Yili has consistently maintained a dividend rate above 50% for twelve consecutive years since 2013, making it one of the rare high-dividend companies in the A-share market [3] Market Position - According to Huaxi Securities, Yili is currently considered one of the best stable investment options, with expectations of annualized returns exceeding 10% in the long term, highlighting its defensive and growth balance in a weak economic cycle [1] - The company's valuation and dividend yield are competitive, with a forecasted price-to-earnings ratio of less than 17 times this year, placing it at a relatively low level among its peers [2]