Snowsky Salt Industry Group CO.,LTD

SHSE:600929 Stock Report

Market Cap: CN¥9.4b

Snowsky Salt Industry GroupLTD Dividends and Buybacks

Dividend criteria checks 3/6

Snowsky Salt Industry GroupLTD is a dividend paying company with a current yield of 3.58% that is well covered by earnings.

Key information

3.6%

Dividend yield

0.7%

Buyback Yield

Total Shareholder Yield4.3%
Future Dividend Yield4.9%
Dividend Growth28.6%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per shareCN¥0.200
Payout ratio61%

Recent dividend and buyback updates

No updates

Recent updates

Earnings Working Against Snowsky Salt Industry Group CO.,LTD's (SHSE:600929) Share Price

Aug 12
Earnings Working Against Snowsky Salt Industry Group CO.,LTD's (SHSE:600929) Share Price

We Think Snowsky Salt Industry GroupLTD (SHSE:600929) Can Stay On Top Of Its Debt

May 27
We Think Snowsky Salt Industry GroupLTD (SHSE:600929) Can Stay On Top Of Its Debt

Snowsky Salt Industry Group's (SHSE:600929) Weak Earnings May Only Reveal A Part Of The Whole Picture

Apr 15
Snowsky Salt Industry Group's (SHSE:600929) Weak Earnings May Only Reveal A Part Of The Whole Picture

Estimating The Intrinsic Value Of Snowsky Salt Industry Group Co., Ltd. (SHSE:600929)

Apr 01
Estimating The Intrinsic Value Of Snowsky Salt Industry Group Co., Ltd. (SHSE:600929)

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: 600929 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 600929's dividend payments have increased, but the company has only paid a dividend for 6 years.


Dividend Yield vs Market

Snowsky Salt Industry GroupLTD Dividend Yield vs Market
How does 600929 dividend yield compare to the market?
SegmentDividend Yield
Company (600929)3.6%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Chemicals)1.7%
Analyst forecast (600929) (up to 3 years)4.9%

Notable Dividend: 600929's dividend (3.58%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).

High Dividend: 600929's dividend (3.58%) is in the top 25% of dividend payers in the CN market (2.07%)


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (61.2%), 600929's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 600929 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 08:44
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Snowsky Salt Industry Group CO.,LTD is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jing HuangChasing Securities
Xiaohan SunHaitong International Research Limited
Wende WuTianfeng Securities Brokerage Co., Ltd