Delong Holdings

[weijian]

With all you have said above, the most important dividend is still not in sight for shareholders despite outstanding numbers and company in net cash

Thanks yawnyawn, I am perplexed by it as well. Indeed, a sore point among S-Chips.

Delong can only pay dividends based on retained earnings at holding company level. Based on Delong's AR16 pg57, retained earnings are -154mil RMB and so it will take some erasing before it goes positive to pay dividends. From the provided 2Q17 link, the company level's retained earnings is "still" at ~158mil RMB and so i guess unless the subsidiaries do some form of payment up (eg. shareholder loans etc) to the parent holding co, there will be "legally" no dividends.

AR16: http://delong.listedcompany.com/newsroom...KW3L.1.pdf