Shanghai Dazhong Public Utilities : DZUG Holds 2017 Annual Results Announcement

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04/17/2018 | 04:51 am

On March 30 2018, Shanghai Dazhong Public Utilities (Group) Co., Ltd. ('DZUG') released its 2017 Annual Report, disclosing that the company's main business revenue for 2017 stands at RMB 4.602 billion yuan , and the net profit attributable to shareholders amounts to RMB 474 million yuan. With the responsibility for the continuous dividend payment to shareholders, the Board of Directors put forword the profit distribution plan by December 31, 2017, which with a total share of 2,952,434,675 as base and RMB 0.60 yuan (tax included) for every 10 shares to be allocated, and the proportion of the dividend up to 37.36%.

On April 10 2018, DZUG held its 2017 annual Results Announcemen at Hongkong Shangri-la Hotel, with nearly 50 people attending including institutional investors, fund managers, local reporters etc. The company's general manager of finance department Zhao Ruijun talked about the company's performance summary and operating results, the Secretary of the Board Jin Bo presented the analysis of business, and the President Liang Jiawei described the company's development strategy. In the Q&A segment, the attendees raised several questions regarding Shanghai's SOE reform, the endogenous growth of the company's gas sector, the company's future M&A plans and the possible development of China's online taxi-booking business etc., to which the company's management provided answers.

In the end, Chairman Yang Guoping gave the speech to thank all the attendees and express his opinion about the Company 's main going business and expansion plans in the future. Mr. Yang said that the year 2018 is a crucial year for the implementation of the 13th 'Five-Year Plan'. The Company will fully estimate the complexity and seriousness of situations both in domestic and abroad, and adhere to the development strategy of 'being principally engaged in public utility and financial investment business'. In return to the shareholders, the Company will work hard and repay them with good business performance.

Disclaimer

Shanghai Dazhong Public Utilities (Group) Co. Ltd. published this content on 17 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 April 2018 02:51:07 UTC

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