日辰股份多次分红强化股东回报，募投项目完结增长动能持续释放

Core Viewpoint - The company, Rihua Co., Ltd. (603755.SH), has announced a series of measures under its "Quality Improvement and Efficiency Enhancement, Return to Shareholders" action plan, aimed at optimizing capital efficiency and enhancing shareholder returns [1][4]. Group 1: Dividend Distribution - The company plans to distribute a cash dividend of 0.3 yuan per share (tax included) to all shareholders based on the third-quarter profit distribution plan for 2025 [1][4]. - Combined with the previously implemented dividend of 2 yuan for every 10 shares in the first half of 2025, the total cash dividend for the year is expected to be approximately 48.6 million yuan, representing 75.56% of the company's net profit for the first three quarters [1][4]. - This dual dividend approach reflects the company's commitment to sharing its development results with shareholders and demonstrates robust cash flow management [1][4]. Group 2: Investment Projects and Financial Management - All four investment projects from the company's 2019 IPO have been completed, including a production base for 15,000 tons of compound seasonings and a 5,000-ton soup extraction production line [2][5]. - The completed projects have strengthened the company's production capacity and R&D platform, positioning it to capitalize on market opportunities arising from the restaurant industry's chain development and consumer upgrades [2][5]. - The projects generated surplus funds of 38.26 million yuan, with 16.23 million yuan allocated to permanently supplement working capital, enhancing capital efficiency [2][6]. Group 3: Strategic Planning and Governance - The company's board has approved the "Quality Improvement and Efficiency Enhancement, Return to Shareholders" action plan, which includes systematic planning across core business development, investor returns, R&D innovation, investor relations, and corporate governance [2][6]. - The plan emphasizes strengthening the core business of compound seasonings and aims to enhance investor returns through stable dividends and timely share buybacks [2][6]. - The company will also increase its wholly-owned subsidiary, Rihua Shanghai, by 17 million yuan to support its business expansion and operational funding needs, improving the subsidiary's asset-liability structure [2][6]. Group 4: Market Observations - Market observers note that establishing a stable and predictable dividend mechanism is a key direction for current capital market reforms, with a growing number of companies increasing cash dividends and adopting multi-dividend strategies [3][6]. - Institutionalizing dividend arrangements can compel companies to improve operational efficiency and profitability, creating a virtuous cycle of high-quality development, enhanced returns, and increased market trust [3][6]. - Rihua Co., Ltd.'s recent initiatives balance immediate shareholder returns with long-term development needs, reflecting its commitment to improving governance structures and enhancing intrinsic value [3][6].