Recently, Lyon Securities released a research report stating that in 2023, China Feihe (06186)'s dividend payout rate will reach 70%, and high dividends and strong cash flow will support China's Feihe's valuation.
The Zhitong Finance App learned that recently, Lyon Securities released a research report stating that in 2023, China's Feihe (06186) dividend rate will reach 70%, and that high dividends and strong cash flow will support China's Feihe's valuation. It is expected that in the future, China Feihe will continue to increase shareholder returns through high dividends, supported by strong cash flow. Lyon Securities announced that it will give China Feihe a “outperforming industry” rating.
Last year, China's Feihe achieved revenue of 19.532 billion yuan and net profit of 3.39 billion yuan to mother. Lyon Securities believes that in 2024, China Feihe is expected to drive year-on-year sales growth and maintain stable net profit by digitally controlling prices, releasing new products, and improving cost efficiency.