On September 17, Guangdong Chj Industry Co.,Ltd. (referred to as "Chow Sang Sang", 002345.SZ) announced its interim dividend distribution plan for the first half of 2026, allocating a total cash dividend of approximately RMB178 million (including tax) to all shareholders. The company held its first extraordinary shareholders' meeting on September 14, where the 2026 interim profit distribution proposal was approved. The specific plan stipulates a cash dividend of RMB2.00 per 10 shares (including tax) to all shareholders, based on the company's existing total share capital of 888,512,707 shares, resulting in a total payout of RMB177,702,541.40 (including tax).
The record date for this distribution is September 22, with the ex-dividend and ex-rights date set for September 23. The confidence behind this interim dividend stems from the company's solid performance in the first half of the year. According to its semi-annual report, the company, rooted in the jewelry industry, has steadily advanced its international expansion while deepening its presence in the domestic market. Its business footprint now extends to overseas markets including Malaysia, Thailand, Cambodia, and Singapore, as well as the Hong Kong and Macau regions of China. During the period, the company achieved a net increase of 14 offline stores, bringing the total number of global branded specialty stores to over 1,800.
In terms of financial results, Guangdong Chj Industry Co.,Ltd. reported operating revenue of RMB4.374 billion, a year-on-year increase of 6.65%; net profit attributable to shareholders of the listed company reached RMB422 million, up 27.42% year-on-year; and net cash flow from operating activities surged to RMB1.309 billion, a substantial 223.36% increase compared to the previous year. Key performance indicators highlight a notable year-on-year growth in net profit, although traditional gold revenue saw a decline of 5.71%. Operating cash flow in the first half expanded more than threefold year-on-year, significantly exceeding the scale of net profit. Additionally, the company's comprehensive gross margin improved to 27.39%, while the selling expense ratio edged up slightly by 0.38 percentage points.
Addressing the financial performance at a recent results briefing, Guangdong Chj Industry Co.,Ltd. attributed the increase in operating cash flow to higher sales, optimized inventory structure, and enhanced operational profitability. The improvement in gross margin was driven by a better product mix, while the marginal rise in selling expenses was primarily channeled into brand and channel development. The company affirmed its commitment to a return-on-investment (ROI)-oriented approach with strict budget controls, ensuring that brand marketing investments align with business growth to consistently elevate profitability.
The semi-annual report reveals that Guangdong Chj Industry Co.,Ltd. has distributed a cumulative cash dividend of RMB711 million over the past three years, representing 97.89% of its total net profit attributable to shareholders during that period. During the results briefing, the company noted that this interim dividend was raised to RMB2 per 10 shares, underscoring its dedication to rewarding shareholders. Looking ahead, dividends will be maintained in line with the company's shareholder return plan, taking into account business development and cash flow conditions, with a commitment to sustaining consistent and stable cash distributions. As profitability continues to strengthen, there is potential to further increase the dividend payout ratio in the future.
Regarding strategic plans for the second half of the year, Guangdong Chj Industry Co.,Ltd. stated that it will adhere to its strategy of pursuing quality, steady expansion as outlined at the start of the year. The focus will remain on developing premium channels and nurturing core customer groups, optimizing store formats in response to evolving channel and customer dynamics, broadening coverage, and capturing greater market share. Concurrently, the company confirmed that its H-share issuance is progressing smoothly. Based on prior disclosures, the company submitted its listing application to the Hong Kong Stock Exchange on September 12, 2025, and subsequently updated the application materials on April 2 of this year. The company has indicated that the H-share listing will further advance its globalization strategy, enhance its international brand image and overall competitiveness, and strengthen connections with overseas capital markets.