BAOSTEEL

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Dividend Policy
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Unit

2009

2010

2011
Net profit

Million RMB

5,077 11,483 5,033
Dividend per share

RMB

0.2 0.3 0.2
Dividend payout ratio

% 

 69 46 70
Dividend yield ratio

% 

 2.07 4.69 4.1

Note: *Non-consolidated
*Dividend yield = Dividends per share/Year-end stock price

*The 2004 Annual General Shareholders'Meeting approved the Proposal on Cash Dividends Policy of Baoshan Iron & Steel Co., Ltd that yearly distribution of cash dividends shall be no less than 40% of the net profit of the year.