Qilian International Holding Group Ltd Declares Special Cash Dividends to Shareholders

Rhea-AI Summary

On February 16, 2023, Qilian International Holding Group Ltd (NASDAQ: QLI) announced a special one-time cash dividend of $0.05 per ordinary share. The dividend is payable on or about March 6, 2023, to shareholders on record as of February 28, 2023. CEO Zhanchang Xin noted that despite the challenges posed by COVID-19 in the last fiscal year, the company exhibited solid operating results and robust cash flow. The lifting of anti-COVID measures in China is expected to improve financial outcomes going forward.

Positive

• Declared a special cash dividend of $0.05 per share, enhancing shareholder value.
• Maintained healthy cash flow despite COVID-19 disruptions, indicating resilience.
• Positive outlook for improved financial results with the rollback of COVID restrictions in China.

Negative

• None.

JIUQUAN, China, Feb. 16, 2023 /PRNewswire/ -- Qilian International Holding Group Ltd (the "Company" or Nasdaq: QLI), a China-based pharmaceutical and chemical products manufacturer, announced today that the Company has declared a special one-time cash dividend of $0.05 per ordinary share, payable in cash on or about March 6, 2023, to shareholders of record on February 28, 2023.

"Despite the impacts of COVID-19 on us in our last fiscal year, the Company maintained decent operating results and healthy cash flow. We expect better financial results as China announced a rollback of its anti-COVID measures." said Mr. Zhanchang Xin, CEO of the Company.

About Qilian International Holding Group Ltd

Qilian International Holding Group Ltd, headquartered in Gansu, China, is a pharmaceutical and chemical products manufacturer in China. It focuses on the development, manufacture, marketing and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives product, heparin product, sausage casings, and fertilizers. The Company's products are sold in more than 20 provinces in China. For more information, visit the Company's website at http://ir.qlsyy.net.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company's goals and strategies; the Company's future business development; products demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China; the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For media enquiries, please contact: Yubin Jiang, QLI@qlsyy.net. 

 

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SOURCE Qilian International Holding Group Limited

FAQ

What is the dividend amount for QLI?

Qilian International Holding Group Ltd has declared a special cash dividend of $0.05 per ordinary share.

When is the dividend payment date for QLI?

The dividend will be paid on or about March 6, 2023.

When is the record date for the QLI dividend?

The record date for the dividend is February 28, 2023.

What are the recent financial results for QLI?

The company reported decent operating results and healthy cash flow despite the impacts of COVID-19.

How did COVID-19 affect QLI's operations?

COVID-19 had an impact on QLI in the last fiscal year, but the company managed to maintain solid performance.