Gigabit Chairman Proposes 100 Yuan Dividend Per 10 Shares for Mid-2026
Gigabit announced that its board of directors has received a proposal from Chairman Lu Hongyan regarding the company's profit distribution plan for the first half of 2026. The proposal suggests a cash dividend of 100 yuan (tax inclusive) for every 10 shares held by all shareholders. This dividend would be based on the total share capital on the equity registration date for the mid-2026 profit distribution plan, excluding any shares repurchased by the company and held in its repurchase account. Chairman Lu Hongyan's proposal explicitly states that there will be no bonus share issuance (capital reserve to be converted into share capital) or any other form of profit distribution. The company has not yet finalized this distribution plan, which is subject to board and shareholder approval.
This dividend proposal from Gigabit's chairman, Lu Hongyan, signals a strong commitment to returning capital to shareholders. The substantial proposed dividend of 100 yuan per 10 shares for mid-2026, coupled with the exclusion of share-based distributions, suggests a confidence in future earnings and a strategy focused on direct cash returns. Investors will likely evaluate this proposal based on the company's historical performance, future growth prospects, and the sustainability of such a payout. The market will also consider how this dividend policy aligns with Gigabit's long-term capital allocation strategy, particularly in the context of potential reinvestment opportunities versus shareholder returns, and how it might influence future valuation metrics.
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