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Why doesn't CITIC Metal pay dividends?
The company regulations have just come out. According to the inquiry of CITIC Metal Company in official website, CITIC Metal announced the dividend plan for 2022, which was officially issued and listed on April 10, 2023. In order not to affect this issuance, the company's 2022 annual profit has not been distributed. According to the Proposal on the Company's Initial Public Offering and Listing Plan adopted by the resolution of the Eighth Extraordinary General Meeting of Shareholders in 2020 held on June 25, 2020, the accumulated undistributed profits formed before the initial public offering of the company are shared by the new and old shareholders of the company in proportion to the shares they hold after the stock issuance. China CITIC Group Co., Ltd. (formerly China International Trust and Investment Company) was established in 1979 with the support of Comrade Deng Xiaoping. Now it has developed into a large state-owned comprehensive multinational enterprise group, and its business involves finance, resources and energy, manufacturing, engineering contracting, real estate and other fields.