Luen Mei Quantum achieves steady performance growth in Q3, and high dividend promotes enterprise revaluation

Luen Mei Quantum (600167.SH) released its 2023 Q3 performance report in the evening of October 30. In the first three quarters of the year, the company recorded CNY2.184 billion in operating income, CNY653 million in net profit attributable to shareholders of the listed company, CNY627 million in net profit excluding non-recurring gains and losses, and CNY7.1 billion in cash and cash equivalents on hand. Overall, the company enjoyed steady operation and abundant cash flow in hand, and its net profit attributable to the parent company posted a YOY increase of 3.43%, pointing to its rising profitability.

 

Financial indicators show that in the first three quarters of the year, Luen Mei Quantum witnessed a steady performance trend, stably growing heating network area, and continuously optimized asset structure. Meanwhile, the company displayed strong operation resilience by strong cash flow, high-proportion dividends and other means. As a clean heating leader that has made a solid presence in Northeast China, Luen Mei Quantum will maintain its advantageous position in market competition thanks to its technical advantage accumulated in the field of clean heating and its intelligent energy operation capability.

 

For years, Luen Mei Quantum has continuously shared out dividends to investors based on its advantage in strong cash flow, and entered the list of potential shares with high dividends for many times. It has demonstrated an obvious long-term investment value. During the reporting period, Luen Mei Quantum recorded CNY7.1 billion in monetary capital. In 2022, the company distributed CNY2.1 in cash dividend (tax-inclusive) for every 10 shares, and cash dividends distributed totaled CNY475 million. This signifies that it has provided investors with high-proportion dividends for three years in a row as promised. If the listed company continues this dividend scale in 2023, the dividend rate will approach 3.6% as per the latest market valuation, higher than the yield of most cash financial products. The continuously high rate of dividend manifests the attribute of debt-like assets, showing the steady investment value.