Alibaba’s financial report released today shows that Ant Group reviewed and approved the company’s dividend distribution proposal at the shareholders’ meeting in March 2022. As of March 31, Alibaba Group’s dividend receivable was 3.94 billion yuan. According to the proportion of shareholding, Ant's profit distribution scale exceeds 10 billion yuan . This is also the first time the company has started to distribute dividends since its market-oriented financing.
In response, Ant Group responded, "This profit distribution plan focuses on the company's long-term sustainable development and reasonable returns to shareholders, taking into account the company's financial status, business development plans and other factors, and thanks shareholders for their long-term support to the company."
Ant also revealed that the company's main shareholders Hangzhou Junhan and Hangzhou Junao's natural person shareholders voluntarily promised that the corresponding dividends received will be retained at the level of Hangzhou Junhan and Hangzhou Junao to enhance their financial strength and the company's ability to replenish capital. , in order to cooperate with the company's rectification and promotion and promote the company's long-term sustainable development.
Public information shows that since the A round of financing in 2015, Ant Group has successively introduced nearly 30 external institutional shareholders. In this dividend, these shareholders who have long supported Ant will receive the first cash return. Hangzhou Junhan and Hangzhou Junao, as the main shareholders, are also the objects of this dividend, but since the natural person shareholders of these two institutions are mainly composed of the founding team and management of Ant. Ant responded, "These natural person shareholders will not take money from this dividend."
In the past year, Ant has actively promoted business rectification, focused on exploring technology commercialization and overseas business, and is at a critical stage in the company's development. An industry insider pointed out, "The natural person shareholders behind Junhan Junao are mainly Ant executives and early founders. They are most concerned about the sustainable development of Ant. Retaining the dividends at the Junhan Junao level can protect Junhanjun. Australia, as a major shareholder, has continued to replenish Ant’s capital, thereby leaving enough space for Ant’s rectification and future development. This is a responsible decision for both Ant and shareholders.”
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