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SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD engages in the research and development, design, manufacture, and sale of technical and new energy equipment in China and internationally. It offers heavy-duty castings and forgings, such as protecting ring, runner forgings, and water turbine high-pressure (HP) and medium pressure (MP) casing forgings, as well as HP, MP, and low pressure (LP) rotors for thermal power stations; and nuclear power and pressure vessels, including nuclear pressurized equipment, large vessels for chemical industry, and high pressure vessels, as well as synthetic ammonia, petrochemical, ethylene, polypropylene, and coal chemical equipment. The company also provides driving parts comprising heavy duty gear wheels, medium hardened and hardened teeth surface gears, reducers, screw down worm gears, spherical double envelop worms and worm gears, heavy duty spline shafts, spline bushings, various racks, coiler mandrel shafts, drum-shaped teeth couplings and spindles, and other spare parts; and aviation die forgings. In addition, it offers various crushers, vertical cement grinding mills, dissepiment and vibration feeders, screw sand mixers, heavy duty soil spreaders, and spare parts; and gantry, overhead traveling, tower, and other cranes, as well as hoists for use in the metallurgy, building construction, road construction, chemical, and silicate industries. The company was formerly known as China Erzhong Group (Deyang) Heavy Industries Co.,Ltd. and changed its name to SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD in March 2018. The company was founded in 2001 and is based in Deyang City, China. SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD operates as a subsidiary of China National Machinery Industry Corporation.

SINOMACH HEAVY EQUIPMENT Dividend Announcement

• SINOMACH HEAVY EQUIPMENT does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on SINOMACH HEAVY EQUIPMENT dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

SINOMACH HEAVY EQUIPMENT Dividend History

SINOMACH HEAVY EQUIPMENT Dividend Yield

SINOMACH HEAVY EQUIPMENT current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing SINOMACH HEAVY EQUIPMENT stock? Use our calculator to estimate your expected dividend yield:

SINOMACH HEAVY EQUIPMENT Financial Ratios

P/E ratio50.33
PEG ratio69.45
P/B ratio1.75
ROE3.52%
Payout ratio3.73%
Current ratio1.67
Quick ratio1.37
Cash Ratio0.57

SINOMACH HEAVY EQUIPMENT Dividend FAQ

Does SINOMACH HEAVY EQUIPMENT stock pay dividends?
SINOMACH HEAVY EQUIPMENT does not currently pay dividends to its shareholders.
Has SINOMACH HEAVY EQUIPMENT ever paid a dividend?
No, SINOMACH HEAVY EQUIPMENT has no a history of paying dividends to its shareholders. SINOMACH HEAVY EQUIPMENT is not known for its dividend payments.
Why doesn't SINOMACH HEAVY EQUIPMENT pay dividends?
There are several potential reasons why SINOMACH HEAVY EQUIPMENT would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will SINOMACH HEAVY EQUIPMENT ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While SINOMACH HEAVY EQUIPMENT has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is SINOMACH HEAVY EQUIPMENT a dividend aristocrat?
SINOMACH HEAVY EQUIPMENT is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is SINOMACH HEAVY EQUIPMENT a dividend king?
SINOMACH HEAVY EQUIPMENT is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is SINOMACH HEAVY EQUIPMENT a dividend stock?
No, SINOMACH HEAVY EQUIPMENT is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy SINOMACH HEAVY EQUIPMENT stocks?
To buy SINOMACH HEAVY EQUIPMENT you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy SINOMACH HEAVY EQUIPMENT stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.