The split share structure reform plan of Guizhou Qianyuan Power Co Ltd went through the company's shareholders' meeting today with a high voting-for ratio from tradable shareholders.

So far, all the 50 companies on the SME (small and medium enterprise) board have eyed their share reforms approved by their shareholders and become G-board companies after 155 days since the first SME company, Zoje Sewing Machine joined the share reform on June 20. It heralds that the SME board will realize full floating share structures ahead of all other listed companies.

At the same time, insiders revealed that the first G-share index or the SME index will make a debut after all the SME companies complete their share reform.

Statistics shows that non-tradable shareholders of the 50 companies have plans of offering 3.386 shares per 10 shares on average to the tradable shareholders as the compensation for the float of the non-tradable shares. A total of 46 companies or 92 percent of the SME companies come up with plans to offer 3 shares or more per 10 shares, while 4 companies or 8 percent of them have plans of consideration share offer of as many as 4.5 shares per 10 shares.

Relevant analysts hold that the share reform's smooth progress on the SME board shall be attributed to the strength and excellent performances of the 50 SME companies.

According to the third quarter reports, SME board companies maintained strong growth momentum in the first three quarters. The 50 companies earned 593 million yuan (US$73.36 million) from core businesses or 111 million yuan on average, up 36.70 and 22.38 percent year on year respectively. Meanwhile, their average net profits, earnings per share and return on net equity stood at 32.92 million yuan, 0.31 yuan and 8.11 percent respectively.

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