China Union Holdings Ltd.
华联控股
000036
Shenzhen Stock Exchange
Company Profile
In recent years, the Company has created substantial cash dividends for shareholders. From 2016 to 2022, the Company's net profit attributable to shareholders of the listed company totaled CNY 5.872 billion, with cumulative cash dividends of CNY 2.684 billion, with an average dividend payout ratio of 45.71%. The average dividend rate and dividend yield rank among the top in the industry and the market. Additionally, since the Company's listing in 1994 to 2022, a total of CNY 2.746 billion in cash dividends has been distributed. Through initial public offerings, two private placements, and equity incentives, the Company has raised a cumulative financing amount of CNY 1.086 billion. The total cash dividend amount is 2.5 times the total financing amount. Stabilizing existing real estate assets while promoting industrial transformation is the Company's strategy. The Company will continue to adhere to the idea of steady and high-quality development, with emphasis on "steady progress" in its operations orientation. Seizing opportunities in market recovery, strive for progress. On the basis of stabilizing the main business operation, promote industrial transformation, overcome development bottlenecks, and further enhance its capacity for sustainable development and overall competitiveness. Achieving the Company’s goal of preserving and increasing the value of shareholders' equity.
Full description
China Union Holdings Ltd. (hereinafter referred to as "the Company") was listed on the Shenzhen Stock Exchange in June 1994 (stock abbreviation: " China Union Holdings" stock code: 000036). China Union Development Group Co., Ltd. (hereinafter referred to as "UDC Group") is the controlling shareholder of the Company, holding 28.21% of the Company's shares. Shenzhen Hengyu Capital Management Co., Ltd. (hereinafter referred to as "Hengyu Capital") and its affiliated parties collectively hold 70.23% equity of Hualean Group. Therefore, Hengyu Capital and Gong Zemin are the actual controllers of the Company. Since its listing in 1994, the Company's main business has undergone several significant transformations from single chemical fiber industry to textile and apparel, petrochemicals, and real estate. The Company's current main business is real estate development and property management and services management. The Company has developed multiple real estate projects in Shenzhen, Hangzhou, and Shanghai, owning various commercial buildings and properties. The total assets have increased from CNY 300 million at the time of listing to CNY 9.236 billion, a growth of approximately 3100%. The Company currently maintains excellent asset quality and sound financial stability, with cash flows exceeding liabilities, laying a solid foundation for future expansion.