山推工程机械股份有限公司提请股东会授权董事会制定2026年中期分红方案公告

山推工程机械股份有限公司拟提高中期分红频次，董事会获授权制定2026年中期分红方案

主要内容摘要

山推工程机械股份有限公司（证券代码：000680）公告拟提请股东大会授权董事会，在2026年制定并实施中期分红方案。
此举旨在提升投资者回报，增强投资者获得感，展示公司回馈股东的积极态度。
公司计划提高现金分红频次，将2026年半年度或三季度均可进行中期分红。
中期分红需同时满足三项前提条件，包括盈利为正、现金流充足及合规。
该授权有效期自2025年度股东大会通过之日起，至2026年度股东大会召开之日止。
相关议案已于2026年3月13日董事会会议通过，并将提交2025年度股东大会审议。

对股东和投资者的重要影响及潜在股价影响因素

分红频次提升：公司明确计划提高现金分红频次，意味着投资者有望在2026年获得更频繁的现金分红（包括半年报或三季度报后）。这有望提升山推股份的股东回报率，增强市场对公司股票的吸引力。
分红前提条件明确：中期分红需公司当期归属于上市公司股东的净利润及可分配利润均为正，且公司现金流充足。这意味着公司只有在经营业绩良好、资金状况稳健的前提下才会实施分红，降低了分红对公司财务健康的负面影响。
授权机制简化决策流程：此次授权董事会制定并实施分红方案，将大幅提升决策效率，使分红安排更为灵活及时，减少中间环节。
提升投资者信心：在当前市场环境下，公司主动提升分红频次、优化决策流程，有望增强投资者信心，吸引长期价值投资者，可能对公司股价形成积极推动。
股东大会审议通过仍为前置条件：该分红授权方案尚需2025年年度股东大会审议通过，投资者需关注后续动态。

公告原文补充细节

公司中期分红需满足的条件包括：（1）归母净利润为正，且可分配利润为正；（2）现金流能够满足正常经营及发展需求；（3）符合监管指引和公司章程等相关规定。
董事会获授权论证、制定并实施2026年中期分红方案，授权期限至2026年度股东大会召开之日止。
该议案已于2026年3月13日董事会会议通过，并将提交2025年度股东大会审议。
公告附带公司第十一届董事会第二十二次会议决议作为备查文件。

投资者须知

公司明确中期分红政策及实施路径，为投资者提供了更高的收益预期和稳定的回报信号。
投资者应密切关注2025年度股东大会对该议案的审议结果，以及公司2026年经营业绩和现金流表现。
若议案最终获批并实施，预计将对公司估值与市场表现形成正面影响。

免责声明

本文仅为信息披露解读，不构成任何投资建议。投资者据此操作，风险自负。请密切关注公司后续公告及相关会议决议。

Shantui Construction Machinery Co., Ltd. to Increase Interim Dividend Frequency, Board Authorized to Formulate 2026 Interim Dividend Plan

Key Highlights

Shantui Construction Machinery Co., Ltd. (Stock Code: 000680) announced its intention to seek shareholder approval to authorize the Board to formulate and implement an interim dividend plan in 2026.
The move aims to enhance investor returns, improve investor experience, and demonstrates the company’s commitment to rewarding shareholders.
The company plans to increase the frequency of cash dividends, allowing for interim dividends after the half-year or third-quarter reports in 2026.
Interim dividends are subject to three main conditions: positive net profit attributable to shareholders, sufficient distributable profits, and ample cash flow while ensuring compliance.
The authorization is valid from the approval at the 2025 annual general meeting until the 2026 annual general meeting.
The relevant proposal was approved at the Board meeting on March 13, 2026, and will be submitted to the 2025 annual general meeting for final approval.

Material and Price-Sensitive Information for Shareholders

Increased Dividend Frequency: The specific plan to increase cash dividend frequency means investors could expect more frequent cash payouts in 2026, potentially after both the half-year and third-quarter reports. This is likely to boost shareholder returns and the attractiveness of Shantui’s shares.
Clear Dividend Preconditions: Interim dividends will only be paid when the company’s net profit and distributable profits are positive and cash flows are adequate, ensuring dividends do not compromise financial health.
Streamlined Decision-Making: By authorizing the Board to decide and implement the dividend plan, the process becomes more efficient and responsive, with less bureaucratic delay.
Investor Confidence Boost: In the current market environment, this proactive move to increase dividend frequency and streamline the process should bolster investor confidence and may attract more long-term investors, potentially supporting share price appreciation.
Shareholder Approval Still Required: The authorization is contingent on approval at the 2025 annual general meeting, and investors should monitor subsequent developments.

Further Details from the Announcement

Conditions for interim dividend: (1) Positive net profit attributable to the parent company and positive distributable profit; (2) Sufficient cash flow for operations and development; (3) Compliance with regulatory guidelines and the company’s articles of association.
The Board is authorized to study, formulate, and implement the 2026 interim dividend plan, with the authorization valid until the 2026 AGM.
The proposal was approved at the Board’s 22nd meeting of the 11th session on March 13, 2026, to be submitted to the 2025 AGM.
The Board resolution document is available for inspection.

Investor Takeaways

The company’s clear interim dividend policy and pathway provide higher and more stable return expectations for investors.
Investors should closely follow the 2025 AGM’s decision, and monitor Shantui’s 2026 performance and cash flow.
If approved and implemented, the plan could positively impact the company’s valuation and market performance.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are solely responsible for their own decisions. Please pay attention to subsequent official announcements and meeting resolutions.