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Investor Relations
/ Annual Report 2011 /
1
2009
2008
2007
393
527
640
727
846
(2)
2010
2011
Dividend (RMB million)
Dividend payout ratio
Dividends
The Company attaches great importance to the shareholders’ views on its dividends payout. The Company
determines its dividends payout with reference to the Company’s financial status, long-term development needs and
potential investment opportunities. Although the Company announced the rights issue proposal in 2011 and has new
plans of development, the Company maintained its dividend payout ratio at 40% of profit for the years of 2010 and
2011 after taking into adequate account about the interests of the shareholders, and sustained the stable dividend
policy over the past few years since its listing
Notes:
(1)
The calculation of the 2007 dividend payout ratio excluded the net profits contributed by the acquisitions in 13
provincial business prior to 31 August 2007 (being the completion date of the acquisitions).
(2)
Subject to the approval at the 2011 annual general meeting to be held on 28 June 2012.