安徽铜峰电子股份有限公司公布2025年度利润分配预案，拟实施每10股派息0.8元现金红利

要点速览

• 每10股派发现金红利0.8元（含税），不进行资本公积转增股本，不送红股。
• 以实施权益分派股权登记日登记的总股本为基数，若总股本发生变动，每股分红金额不变，利润总额相应调整。
• 2025年12月31日公司总股本为630,704,155股，扣除拟回购限制性股票214,400股，实际分红基数为630,489,755股，合计拟派发现金红利50,439,180.40元，剩余未分配利润结转下年度。
• 本次利润分配尚需2025年年度股东大会审议通过后实施。
• 本次分红方案未触及上交所关于风险警示的相关条款。

详细解读

利润分配方案具体内容

经立信会计师事务所审计，截至2025年12月31日，公司母公司报表未分配利润为86,017,419.39元。本年度拟以可分配股本630,489,755股（扣除拟回购限制性股票214,400股）为基数，向全体股东每10股派发现金红利0.8元（含税），总计拟派发现金红利50,439,180.40元（含税）。剩余未分配利润将结转至下一年度，公司本年度不进行资本公积金转增股本。

若在预案披露至实控权益分派股权登记日期间，公司因可转债转股、股份回购、股权激励授予股份回购注销、重大资产重组等导致总股本变动的，分配总额将作相应调整，但每股分配金额保持不变。

对股东和股价的潜在影响

• 分红比例高达50.04%，且最近三年累计现金分红及回购注销总额为50,439,180.40元， 超过了近三年归属母公司股东净利润均值（100,793,496.35元）的30%要求，显示公司具备良好的盈利能力和现金流状况。
• 这是公司近三年首次实施现金分红，2024年和2023年均未分红，显示公司回馈股东意愿增强，或对估值产生正面影响。
• 本次现金分红不会对公司正常经营和长期发展造成重大影响，说明公司资金充裕，具备持续稳定分红能力，有望提升投资者信心。
• 未触及上交所关于“可能被实施其他风险警示”的情形，表明公司运营稳健，无重大风险事件暴露。
• 投资者需注意，分红方案尚需2025年年度股东大会审议通过后方可实施，存在一定不确定性。

财务数据详解

• 2025年归母净利润：119,899,335.77元
• 2024年归母净利润：95,735,341.38元
• 2023年归母净利润：86,745,811.91元
• 2025年末母公司报表未分配利润：86,017,419.39元
• 最近三年累计现金分红及回购注销总额：50,439,180.40元
• 最近三年平均净利润：100,793,496.35元
• 本次现金分红比例：50.04%，高于30%监管要求

流程与风险提示

本次分红方案已于2026年3月14日经公司第十届董事会第十六次会议审议通过，符合公司章程，董事会同意将该方案提交至2025年年度股东大会审议。实施还需获得股东大会最终通过。

管理层分析认为，现金分红方案不会对公司经营现金流、生产经营和长期发展造成重大影响。但投资者需关注，若股东大会未通过，则本方案不予实施，具有一定不确定性和投资风险。

结论与投资者关注点

• 三年来首次大比例现金分红，为股东带来实实在在回报，或提振市场信心，对公司股价构成正面催化。
• 公司经营稳健，盈利能力持续提升，分红比例高于监管要求，显示公司治理规范、注重投资者回报。
• 分红方案最终实施需获年度股东大会通过，建议投资者持续关注后续进展，注意投资风险。

免责声明：本文内容仅供参考，不构成任何投资建议。投资有风险，决策需谨慎，投资者应结合自身实际情况独立作出判断。

English Version

Anhui Tongfeng Electronics Announces 2025 Dividend Plan: Proposes Cash Dividend of RMB 0.8 per 10 Shares

Key Highlights

• Cash dividend of RMB 0.8 (tax inclusive) for every 10 shares held; no bonus shares or capital reserve conversion to share capital.
• The dividend will be based on the total share capital registered on the equity registration date; if the total share capital changes, the per-share dividend will remain unchanged and the total amount will be adjusted accordingly.
• As of December 31, 2025, the company’s total share capital is 630,704,155 shares; after deducting 214,400 restricted shares for repurchase, the actual distribution base is 630,489,755 shares. The total planned cash dividend is RMB 50,439,180.40, with the remaining undistributed profit carried forward.
• This dividend plan is subject to approval at the 2025 Annual General Meeting (AGM) before implementation.
• No risk warning triggers as per Shanghai Stock Exchange regulations.

Detailed Interpretation

Dividend Plan Details

According to the audited financials by Lixin Certified Public Accountants, as of December 31, 2025, the parent company’s undistributed profit stood at RMB 86,017,419.39. The company plans to distribute a cash dividend of RMB 0.8 per 10 shares (tax inclusive), based on a dividendable share base of 630,489,755 shares (excluding 214,400 restricted shares for repurchase), totaling RMB 50,439,180.40. The remaining undistributed profit will be carried forward to the next year. No capital reserve to share capital conversion is planned.

If the total share capital changes due to convertible bonds, share repurchases, equity incentives, or major asset restructurings before the equity registration date, the total payout will be adjusted but the per-share dividend will remain unchanged.

Implications for Shareholders and Stock Price

• The payout ratio is as high as 50.04%, with the cumulative cash dividends and share repurchases over the past three years totaling RMB 50,439,180.40, exceeding the 30% regulatory requirement based on average net profit (RMB 100,793,496.35) over the same period. This indicates strong profitability and cash flow.
• This is the first cash dividend in three years (none in 2024 or 2023), demonstrating increased willingness to reward shareholders, which could positively impact valuation.
• The payout will not materially impact normal operations or long-term development, reflecting robust financials and stable dividend capacity, likely boosting investor confidence.
• No regulatory risk warning is triggered, suggesting stable operations and no exposure to major risk events.
• Note that the dividend plan requires AGM approval and is not yet final; there remains some uncertainty.

Key Financial Data

• 2025 Net Profit Attributable to Parent: RMB 119,899,335.77
• 2024 Net Profit Attributable to Parent: RMB 95,735,341.38
• 2023 Net Profit Attributable to Parent: RMB 86,745,811.91
• 2025 Year-end Parent Undistributed Profits: RMB 86,017,419.39
• Cumulative Cash Dividend/Share Repurchase (last 3 years): RMB 50,439,180.40
• 3-year Average Net Profit: RMB 100,793,496.35
• Current Cash Dividend Ratio: 50.04%, above 30% regulatory requirement

Process and Risk Reminder

The dividend proposal was approved at the 16th meeting of the 10th Board of Directors on March 14, 2026, and complies with the company’s Articles of Association. Final implementation is subject to AGM approval.

Management believes the cash dividend will not materially affect company operations or long-term prospects. However, investors should note the plan is subject to AGM approval and carries some uncertainty and investment risks.

Conclusion and Investor Focus

• First significant cash dividend in three years, creating tangible shareholder value—potentially a positive catalyst for share price.
• Solid financials, improving profitability, high payout ratio, compliant with regulatory standards—underscoring sound governance and focus on shareholder returns.
• Monitor the final AGM approval and subsequent developments; investors should be aware of risks and uncertainties.

Disclaimer: This article is for reference only and does not constitute investment advice. Investment involves risks. Please make decisions independently based on your own circumstances.

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