Jiangsu Dama special dividend of 70 million

In 2024, the performance increased by more than 40%. Jiangsu Dama increased its dividend and will take out more than 70 million for special dividends. The company has doubled its net profit in less than three years since its listing , and has implemented dividends of about 536 million five times .

OSUN Electric Special Dividend

Recently, the dividend of Suzhou Oushen Electric Co., Ltd. (hereinafter referred to as "Oushen Electric") has attracted attention. The company has released a special dividend plan for 2024, with a total cash distribution of more than 70 million.

The company 's net profit attributable to shareholders of listed companies in the first three quarters of 2024 was 185 million yuan, and as of September 30, 2024, the company's distributable profit was 290 million yuan. The parent company's net profit in the first three quarters of 2024 was 200 million yuan, and as of September 30, 2024, the parent company's distributable profit was 284 million yuan.

The company uses the total share capital on the equity registration date for implementation of the profit distribution plan, minus the total number of shares in the repurchased special account, as the distribution base, and pays a cash dividend of RMB 4.20 per 10 shares to all shareholders. The total share capital of the company on the date of this board of directors' meeting is 182 million shares, minus the 1.793 million shares repurchased, which is the base for 181 million shares. The total cash dividend is RMB 75.9422 million.

It is understood that as of the close of February 28, 2025, the total number of shareholders of the company was 11,536.

Ousheng Electric said that the company's distributable profit for the year, half year or quarter was positive and the cash flow was sufficient. It is expected that the full-year performance will have a significant increase. The company's construction and operating capital needs have been taken into consideration. The implementation of this special dividend will not affect the company's subsequent continued operation and can ensure the company's normal operation and long-term development.

Not long ago, the company announced its performance forecast for a significant increase in net profit in 2024.

In 2024, the net profit attributable to shareholders of the listed company of Oushen Electric is expected to reach 244 million yuan to 271 million yuan, a year-on-year increase of 40% to 55%. The net profit after deducting non-recurring gains and losses is expected to reach 234 million yuan to 258 million yuan, a year-on-year increase of 45% to 60%.

The recovery of consumption in the North American pneumatic tool market in 2024, coupled with the company's development of a large number of new product categories based on its own competitiveness, has driven a significant increase in performance.

As time goes by, in 2022 and 2023 , Ousheng Electric's operating income was 1.284 billion yuan and 1.216 billion yuan respectively , and the net profit attributable to shareholders of the listed company was 161 million yuan and 175 million yuan respectively .

In 2023, although the company's revenue declined, its net profit increased, which is related to the increase in the company's gross profit margin .

In 2023, Oushen Electric's gross profit margin was 35.78%, an increase of 5.94 percentage points from 29.84% in 2022. The increase in gross profit margin has driven the growth of net sales margin, and the net sales margin in 2023 reached the highest value since public data was available.

In recent years, the company has shown a growth trend in operating income, total profit, net profit, etc., and has a good development momentum. Operating income has increased from 521 million in 2017 to 1.216 billion in 2023, and the market has grown steadily.

Five dividends of over 500 million in three years

Founded in Suzhou in 2009, Oushen Electric is a manufacturer of air power equipment and cleaning equipment, and a leading company in the small air compressor and wet and dry vacuum cleaner segments. Especially in the field of small air compressors, Oushen Electric has the largest market share in the world.

The company's overseas sales revenue accounts for more than 99%, and its products are mainly sold to overseas markets such as North America and Europe. Major customers include Lowe's, Home Depot, Amazon, Costco, Canadian Tire Corporation, Walmart, etc.

On April 22, 2022, Oushen Electric was listed on the Shenzhen Stock Exchange ChiNext. In less than three years since its listing, it has paid four rounds of cash dividends. With this special dividend, it has paid five dividends in three years, with a cumulative amount of 536 million.

According to data from Tonghuashun, shortly after its listing, Oushen Electric released its 2021 annual report and launched its 2021 profit distribution plan, namely a dividend of 5 yuan per 10 shares, with a total dividend of 91.3038 million yuan, accounting for 78.75% of the net profit for the current period.

In the subsequent annual reports of 2022 and 2023, Oushen Electric launched profit distribution plans of 7 yuan per 10 shares and 8.3 yuan per 10 shares, respectively, with cash dividends of 128 million yuan and 150 million yuan, respectively, accounting for 79.26% and 85.82% of the company's net profit in each period.

In the 2024 semi-annual report, Oushen Electric launched a mid-term dividend plan for the first time, that is, a dividend of 5 yuan per 10 shares, with a dividend amount of 90.4073 million yuan, accounting for 93.11% of the current net profit.

The most recent one was in February 2025, when a cash dividend of RMB 4.20 per 10 shares was paid to all shareholders, with a total cash dividend of RMB 75.9422 million.

In the three years after its listing, Ousheng Electric's net profit and non-net profit have indeed achieved continuous growth. If calculated based on the net profit in 2021, the company's overall net profit will increase by 111.2% to 133.62% in the three years after its listing.

137 million yuan invested in the European Union to enrich product line layout

Currently, many big sellers are facing the dilemma of increasing revenue but not profits. In contrast, the situation of Oushen Electric is excellent. After the performance increased significantly in 2024, the company's development in 2025 is promising. The sales of new categories and new products are good, and the expansion of new markets is also quite effective.

In terms of new categories, in the third quarter of last year, OPE Electric launched pneumatic tools such as air pumps. It is expected that the market size of pneumatic tools will be at least twice that of the air compressor market . The sales of handheld portable snow throwers launched in the third quarter of last year exceeded 10 million yuan, and the sales of heating machines/heaters were good. More OPE products will be launched in the future.

The company will also launch lawn mowers, trimmers and other garden tools in the first half of this year. By 2025, the new product category is expected to account for 15% of the total revenue.

The new product nursing robot has a very high gross profit margin. It has obtained the EU CE certification and the US UL certification abroad and has been shipped to many places. It has entered the Nantong Long-term Care Insurance Assistive Equipment Procurement Catalog and the Shanghai Related Promotion Catalog in China. This year's sales target is 1,500 units, with a price of about 20,000 yuan and a gross profit margin of over 50%.

Since the second half of 2024, Oushen Electric's nursing robot orders have seen a significant increase. According to the company's secretary Luo Gang, the annual sales volume was about 100 to 200 units before, but by the end of 2024, the number of intended purchase agreements had increased four to five times year-on-year.

Currently, the company's intelligent defecation and nursing robots have been put into mass production. In the future, the company will continue to increase its R&D investment in the field of intelligent elderly care robots and develop new functions and robot types according to market demand.

With the aging of the population and the continued increase in demand for chronic disease care for the elderly, the intelligent nursing robot industry in the overseas market has great potential, and it is expected that the market will continue to maintain a rapid growth trend in the next few years.

Under high demand, Oushen Electric's nursing robots are expected to contribute new strength to the company's net profit. At the same time, the company is also further enriching its product line layout.

According to the latest news, OSUN Electric intends to use its own funds to acquire 100% of the equity of Producteers International GmbH held by ALGO Handels GmbH and Producteers Holding ApS through the German company or other affiliated companies of its wholly-owned subsidiary OSUN Hong Kong. The equity transfer transaction price of this transaction shall not exceed 17.5 million euros (about 137 million yuan). This acquisition will not only help OSUN Electric enrich its product line layout, but also significantly increase the company's visibility in the European market.

In addition, Oushen Electric is also vigorously expanding into emerging markets. Previously, the company's main market was the North American market, but now its globalization strategy has been effective, with growth areas including Europe, South America, Australia, the Middle East, East Asia, Southeast Asia, Japan and South Korea.

Currently, Oushen Electric has sufficient orders on hand and is expected to maintain a reasonable growth rate in the future.

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