Xinhua Wenxuan (00811) rose 4.5 percent in early tradinghundredhandvideopoker.05%hundredhandvideopoker, currently quoted at HK$8.22, with a turnover of HK$13.6857 million.

Southwest Securities pointed out that according to the company's 2023 profit distribution, a cash dividend of 4 yuan (including tax) will be distributed to shareholders for every 10 shares. Corresponding to the current stock price of Hong Kong stocks, the dividend yield is approximately 5.2%. The company's operating conditions are stable and maintaining continuous dividends. The annual dividend rate from 2021 to 2024 is approximately 30%. Special dividends will be issued at the end of 23 to stably repay shareholders.

The bank pointed out that the company is the head organization of a local publishing group, its publishing and distribution business is always strong, and its education informatization business is expected to open a new growth curve. Benefiting from the strategy of developing the western region, the company is expected to receive income tax incentives and the company maintains a stable and higher dividend rate.