Snowsky Salt(SH:600929)2024-05-16 10:09Group 1: Company Strategy and Growth - The company aims to enhance its leading position in the salt sector by focusing on product quality, precise channels, and expanding market share, optimizing product structure and pricing to improve profitability [3] - The chemical salt segment will further enhance standardized benefits, particularly through the implementation of the Hengqing project [3] - The company is accelerating the development of the new energy and energy storage sectors, with ongoing projects in battery-grade soda ash, comprehensive utilization of salt caverns, and new energy battery cathode materials [3] Group 2: Pricing and Market Conditions - The company has autonomy in determining the production, wholesale, and retail prices of salt based on production costs, product quality, and market supply and demand, following the salt industry reform plan [3] - In response to rising prices of water, electricity, and gas, the company reassures investors about the pricing strategy for essential salt products [3] Group 3: Financial Performance and Dividends - The proposed cash dividend distribution for the 2023 fiscal year is 46.82% of net profit, with a dividend yield of approximately 3%, which exceeds bank wealth management levels [4] - The company emphasizes that its profit distribution plan aligns with legal regulations and considers the interests of investors, particularly small and medium-sized investors [4] - The cash dividend ratio and yield are reported to be at a relatively high level compared to peers in the industry [4]