Many people know that Foshan Lighting (000541, stock bar) is known as the "cash cow"; and many people do not know, supporting the "cash cow" for years of dividends is a commitment of the helm at the helm.
At the first general meeting of shareholders after the listing of Foshan Lighting, Zhong Xincai made two promises: one is to make Foshan Lighting a real listed company, can not sell sheep meat, can not harm the investors, give them a Good return; the second point is to develop Foshan Lighting into the largest lighting company in Southeast Asia.
Zhong Xincai fulfilled his promise.
Since its listing, Foshan Lighting has been a model of cash dividends among listed companies. Zhong Xincai once answered in an interview with a media reporter. "Why have I been insisting on high-profile distribution for so many years of listing, I think this has something to do with my origin. I am from the countryside. When I study, I still have to sell fried dough sticks. I think money. It’s not easy to come. As a general shareholder, their money is not easy. If he doesn’t buy your stock and has a interest income in the bank, how can you give no dividends to others? For me, I always have a bad feeling when people's money is deducted. In fact, Foshan Lighting has accumulated more than 1.3 billion yuan in dividends so far, which also exceeds the amount of funds raised from the securities market since its listing.
At the same time, Foshan Lighting's leading position in the field of electric light source in China and Southeast Asia has been continuously consolidated, and its market share has gradually expanded. The “FSL”, “QL” and “Qijiang” brands currently owned by the company have become well-known brands at home and abroad, and have established the leading position of “China Light King” in China, with 40% of products exported. Under the current low concentration of domestic electric light source industry, the market share of Foshan Lighting's above products ranks first among domestic enterprises (excluding joint ventures).
The light of Foshan Lighting to be given to investors is getting clearer and clearer, but Zhong Xincai is still a low-key and even conservative Zhong Xincai.
Do not play golf, do not sing, do not go out to socialize, insist on using the production workshops of more than 40 hours in the morning and afternoon every day for more than 40 degrees of high temperature, and the first-line management and technical personnel to solve practical problems at any time. With regard to this kind of "shoproom director" style of management, there are indeed few in the board of directors of more than 1,300 listed companies across the country.
For Foshan Lighting, Zhong Xincai is no longer just a chairman, but a brand, a business card, and even a light bulb that lights up Foshan lighting.
