DZUG Holds 2016 Results Briefing
On April 1 2017, Shanghai Dazhong Public Utilities (Group) Co., Ltd. (“DZUG”) released its 2016 annual report, disclosing that the company’s main business revenue for 2016 stands at RMB4.535bn, and the net profit attributable to shareholders amounts to RMB548mn, up 18.08% on year. The earnings per share stands at RMB0.22, and the company is set to distribute RMB0.60 for every 10 shares.
On April 7 2017, DZUG held its 2016 results briefing at the Conrad Hotel in Hong Kong, with nearly 50 people attending including institutional investors, fund managers, local reporters etc. During the briefing, the company’s manager of Finance Dept. Hu Jun talked about the company’s performance summary and operating results, the Secretary of the Board Jin Bo presented the analysis of business, and the President Liang Jiawei described the company’s development strategy. In the Q&A segment, the attendees raised several questions regarding Shanghai’s SOE reform, the endogenous growth of the company’s gas sector, the company’s future M&A plans and the possible development of China’s online taxi-booking business etc., to which the company’s management provided answers.
Finally, DZUG’ Chairman Yang Guoping addressed the audience to express his opinion about the relevant questions. Mr. Yang said that the year 2017 is a crucial year for the implementation of the 13th “Five-Year Plan” and a year of furthered national reform, and the company will firmly implement its development strategies, and while taking good care of the main business, innovate on its business model and ideology to realize sound performance results to serve the shareholders.
Secretariat of the Board