Cangzhou Dahua recently revised its original share reform plan, increasing the distribution from 2.5 shares per 10 to 3.5 shares per 10. At the same time, the minimum holding price was raised from no less than 5 yuan to 8 yuan. This adjustment not only reflects the company's sincerity toward its shareholders but also highlights the confidence of Cangzhou Dahua Group, as the largest shareholder, in the company’s future growth and development.
As the first listed company in Zhangzhou to initiate share reform, Cangzhou Dahua has been recognized as a leader in the construction of China's third chemical city — Cangzhou Chemical City. The company is now evolving into a state-owned key enterprise specializing in the production and sales of chemical fertilizers and TDI. Since its listing, it has consistently delivered strong performance, with profits exceeding 100 million yuan for two consecutive years. By the third quarter of 2005, the company reported a total net profit of 729.623 million yuan, with earnings per share reaching 0.28 yuan — an increase of 119% and 117% respectively compared to the previous year. Notably, the controlling TDI subsidiary ended its multi-year loss streak in 2005, achieving over 5 million yuan in profit, which significantly boosted investor confidence.
The share structure reform was introduced last year by the state to regulate the securities market and address the long-standing imbalance between tradable and non-tradable shares. The reform process for Cangzhou Dahua officially began in January of this year. On February 24th, the company successfully held an online roadshow in Beijing, where it engaged in open and in-depth communication with investors, gathering valuable feedback and suggestions. The company's representative emphasized that, as a leading chemical enterprise in Quzhou City, Cangzhou Dahua will leverage this share reform to further expand and strengthen its operations, making greater contributions to local economic development and society as a whole.
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