山东海化2025年度利润分配预案公告详解
山东海化股份有限公司发布2025年度利润分配预案，全年亏损不分红
【2026年3月21日】 山东海化股份有限公司（000822.SZ）发布了2025年度利润分配预案公告。公司2025年度业绩出现大幅亏损，董事会决定不进行现金分红、不送红股，也不以公积金转增股本。该预案已于2026年3月19日董事会审议通过，尚需提交2025年度股东大会审议。
一、公告要点梳理
- 2025年公司业绩亏损严重：经审计，2025年归属于母公司所有者的净利润为-13.88亿元（合并口径），母公司口径为-13.22亿元。
- 累计可供分配利润仍为正：合并报表口径累计未分配利润为13.12亿元，母公司口径为10.60亿元。
- 不实施利润分配：鉴于亏损及资金需求，2025年度不派发现金红利、不送红股、不转增股本。
- 分红政策合规：本次利润分配预案符合公司章程及2024-2026年分红回报规划，并符合监管规定。
- 近三年分红情况：最近三年仅2023年实施过一次现金分红，金额为8950.92万元。2024、2025年均未分红。
- 风险警示：公司未触及深交所《股票上市规则》相关其他风险警示情形。
二、对股东和投资者的重要影响
- 利润分配“断档”，分红预期落空： 2025年度公司不进行任何形式利润分配，可能影响投资者的分红回报预期，短期内对股价形成压力。
- 业绩大幅亏损引关注： 2025年度超13亿元的巨亏，反映公司经营面临较大挑战。需警惕未来业绩改善的不确定性，这对投资者信心是一大考验。
- 累计未分配利润仍为正： 虽然本年度亏损，但公司账面累计未分配利润尚有逾13亿元，未来如业绩改善，仍具备分红基础。
- 资金流动性考量： 董事会强调需兼顾项目建设、生产经营等资金需求，显示公司当前以稳健运营为优先，暂不考虑利润分配。
- 合规性与长远发展： 本次不分红经过审慎决策，兼顾了当前实际与长远利益，承诺未来持续提升经营质效，维护全体股东长远利益。
三、详细财务数据披露
| 项目 |
2025年度 |
2024年度 |
2023年度 |
| 现金分红总额（元） |
0 |
0 |
89,509,192.60 |
| 归母净利润（元） |
-1,387,525,065.62 |
39,216,729.33 |
1,044,106,473.66 |
| 合并报表未分配利润（元） |
1,311,528,638.98 |
—— |
—— |
| 母公司未分配利润（元） |
1,059,845,374.50 |
—— |
—— |
| 最近三年累计分红（元） |
89,509,192.60 |
| 最近三年平均净利润（元） |
-101,400,620.88 |
四、后续安排及备查文件
- 2025年度利润分配预案已通过董事会，尚需股东大会审议。
- 相关决议及审计报告已备查。
五、投资者需重点关注
- 公司2025年业绩巨亏，连续两年未分红，分红政策“中断”，短期内或对股价产生压力，投资者需密切关注公司后续经营改善及分红恢复节奏。
- 公司累计未分配利润仍为正，未来具备分红基础。
- 不触及风险警示红线，显示公司财务结构尚可承受短期亏损。
免责声明：本文根据山东海化股份有限公司2025年度利润分配预案公告公开资料整理，不构成任何投资建议。投资有风险，决策请审慎。
English Version
Shandong Haihua Announces 2025 Profit Distribution Plan: Major Loss, No Dividend Payout
[March 21, 2026] Shandong Haihua Co., Ltd. (000822.SZ) has released its 2025 annual profit distribution proposal. Due to a significant annual loss, the board has decided not to pay any cash dividend, issue bonus shares, or convert capital reserve to share capital. The proposal was approved by the board on March 19, 2026, and will be submitted to the 2025 annual shareholders’ meeting for approval.
Key Highlights
- Significant Loss for 2025: Audited net profit attributable to shareholders for 2025 is -1.388 billion yuan (consolidated), and -1.322 billion yuan (parent company).
- Accumulated Undistributed Profits Remain Positive: Consolidated undistributed profits: 1.312 billion yuan; parent company: 1.060 billion yuan.
- No Profit Distribution: Due to the loss and funding needs, no cash dividend, bonus shares, or capital reserve increase will be implemented for 2025.
- Dividend Policy Compliance: The plan aligns with the company’s articles and 2024-2026 dividend return plan and complies with regulatory requirements.
- Dividend History: Only one cash dividend (89.51 million yuan) was paid in the past three years, during 2023. No dividends were paid in 2024 or 2025.
- Risk Alert: The company does not meet the conditions for other risk warning situations under the Shenzhen Stock Exchange listing rules.
Investor Impact
- No Dividend, Missed Payout Expectations: With no profit distribution for 2025, investor expectations for dividends may be disappointed, potentially putting pressure on the share price in the short term.
- Substantial Loss Draws Attention: The huge loss of over 1.3 billion yuan reflects operational challenges and raises concerns over future profitability.
- Positive Undistributed Profits Remain: Despite the current loss, the company still has over 1.3 billion yuan in undistributed profits, providing a future base for dividends if performance improves.
- Focus on Liquidity: The board emphasizes the need to balance project construction and operational funding, prioritizing stable operations.
- Compliance and Long-Term View: The decision is compliant and considers both current realities and long-term interests, with commitments to improve performance and shareholder returns over time.
Detailed Financial Data
| Item |
2025 |
2024 |
2023 |
| Total cash dividend (yuan) |
0 |
0 |
89,509,192.60 |
| Net profit attributable to shareholders (yuan) |
-1,387,525,065.62 |
39,216,729.33 |
1,044,106,473.66 |
| Consolidated undistributed profits (yuan) |
1,311,528,638.98 |
— |
— |
| Parent company undistributed profits (yuan) |
1,059,845,374.50 |
— |
— |
| Cumulative dividend over last 3 years (yuan) |
89,509,192.60 |
| 3-year average net profit (yuan) |
-101,400,620.88 |
Next Steps and Reference Documents
- The 2025 profit distribution proposal has been approved by the board and will be submitted to the shareholders’ meeting.
- Board resolutions and the audit report are available for reference.
Investor Takeaways
- Major loss and no dividend for 2025 may put pressure on the share price in the near term; investors should closely monitor the company’s operational improvements and dividend resumption.
- Undistributed profits remain positive, retaining future dividend potential.
- No risk warning triggered, indicating the company can withstand short-term losses.
Disclaimer: This article is based on public disclosures from Shandong Haihua Co., Ltd. and does not constitute investment advice. Investment involves risks; please make decisions prudently.
View 山东海化 Historical chart here
