沪农商行(601825) - 上海农村商业银行股份有限公司投资者关系活动记录表_20240709
SRCBSRCB(SH:601825)2024-07-11 07:37

Group 1: Dividend Policy - The company has maintained a stable dividend payout ratio above 30% since its listing in 2021, with a current dividend yield exceeding 5%, which is competitive within the industry [2] - The board will consider both retained earnings for future business development and overall industry dividend levels when formulating annual cash dividend policies [2] - The mid-term dividend will not be simply split; it will be determined based on cash flow, business development, and shareholder demands to provide stable and reliable returns [2] Group 2: Market Value Management - The company emphasizes that market valuation reflects the intrinsic value of the enterprise, and value management is fundamental to market value management [2] - Since its listing, the company has integrated market value management goals into its strategic planning and has actively engaged in high-frequency market communication to enhance its market image [2] - The company aims to utilize market mechanisms such as buybacks and increased cash dividends to stabilize expectations and convey confidence to investors [2] Group 3: Shareholder Structure and Lock-up Period - The upcoming lock-up release primarily involves major shareholders holding over 51% and internal employees holding more than 50,000 shares, with internal employee shares representing a small proportion [3] - The top seven shareholders are strategic investors with a strong long-term holding intention, indicating minimal reduction pressure post-lock-up [3] - The company will comply with legal regulations regarding information disclosure and maintain active communication with investors regarding the lock-up matters [3]