兆威机电发布2025年度利润分配预案，拟大幅现金分红

要点摘要

• 兆威机电（003021）董事会审议通过2025年度利润分配预案，拟每10股派发现金红利3.85元（含税），总计派发现金红利1.03亿元。
• 2025年度归属于上市公司股东净利润为2.54亿元，分红总额占净利润的40.50%。
• 公司2023-2025三年累计现金分红2.65亿元，已高于三年平均净利润的30%，未触及任何风险警示情形。
• 分红方案尚需提交2025年年度股东大会审议。
• 公司资产结构稳健，金融类资产占比低于50%，符合监管要求。

详细解读

深圳市兆威机电股份有限公司于2026年3月30日召开第三届董事会第十七次会议，审议通过了2025年度利润分配预案。预案显示，公司计划以董事会审议当日总股本2.67亿股为基数，向全体股东每10股派发现金红利3.85元（含税），合计派发现金红利1.03亿元。此次分红方案不涉及送红股，也不使用资本公积金转增股本。

2025年度，公司实现归属于上市公司股东净利润2.54亿元，加上年初未分配利润10.47亿元，扣除法定盈余公积金及已分配红利后，可供分配利润超过12亿元，母公司口径为11亿元。本年度分红总额占净利润比例达40.50%，显示公司对投资者回报的高度重视。

值得注意的是，若在董事会审议预案至实施期间公司股本发生变动，将按照每股分配比例不变的原则调整分配总额。A股红利以人民币派发，H股红利以港币派发，汇率将以2026年3月27日中国人民银行公布的中间价（1港元兑人民币0.88361元）进行折算。

历史数据方面，公司2023年、2024年和2025年三年现金分红总额达2.65亿元，超过三年平均净利润的30%，符合上市规则要求，未触及任何其他风险警示情形。2025年末合并报表未分配利润为12.14亿元，母公司未分配利润为11.01亿元，显示公司财务结构稳健，为未来持续分红奠定基础。

管理层表示，本次分红方案充分考虑公司经营状况、财务状况及未来发展规划，兼顾广大投资者回报诉求，有助于增强市场信心，进一步提升公司投资价值。

对股东和股价的潜在影响

• 高比例现金分红：40.50%的分红比例明显高于A股平均水平，展现公司强劲盈利能力和现金流，或将提振市场信心，刺激股价表现。
• 持续稳定的分红政策：公司三年分红稳定，有利于吸引长期价值投资者。
• 未分配利润充足：为后续分红留有空间，减少投资者对公司“断崖式”分红的担忧。
• 无重大风险警示或资产结构异常：金融类资产占比低于50%，公司稳健运营，降低了经营或财务风险的担忧。
• 尚需股东大会审议通过：分红方案最终实施需2025年年度股东大会表决，投资者需关注后续进展。

结论

本次兆威机电现金分红预案大幅提升投资者回报，凸显公司财务稳健及对股东回馈态度，预计将成为短期内市场关注的焦点，或将对公司股价形成正面推动。投资者应关注后续年度股东大会的审议结果及现金分红实施进度。

免责声明：本文仅供投资参考，不构成具体投资建议。投资有风险，入市需谨慎。

English Version

Zhaowei Electromechanical Announces 2025 Profit Distribution Plan: Significant Cash Dividend Proposed

Key Highlights

• Zhaowei Electromechanical (003021) Board has approved the 2025 profit distribution plan, proposing a cash dividend of RMB 3.85 (tax included) per 10 shares, totaling approximately RMB 103 million.
• 2025 net profit attributable to shareholders is RMB 254 million; the proposed dividend accounts for 40.50% of net profit.
• Cumulative cash dividends for 2023-2025 reached RMB 265 million, exceeding 30% of the three-year average net profit, with no risk warnings triggered.
• The dividend proposal is subject to approval at the 2025 Annual General Meeting.
• Company asset structure remains healthy, with financial assets accounting for less than 50%, in line with regulatory requirements.

Detailed Analysis

On March 30, 2026, Zhaowei Electromechanical’s Board of Directors held its 17th meeting of the third session and approved the 2025 profit distribution plan. The company intends to distribute a cash dividend of RMB 3.85 (tax included) for every 10 shares based on the total share capital of 267,482,700 shares as of the board meeting date, amounting to a total payout of approximately RMB 103 million. No bonus shares will be issued, nor will capital reserves be converted to share capital.

For 2025, net profit attributable to shareholders was RMB 254 million. Together with the unappropriated profits at the beginning of the year (RMB 1.05 billion), after deducting legal surplus reserve and distributed dividends, total distributable profit exceeds RMB 1.21 billion (consolidated), and RMB 1.1 billion (parent company). The proposed dividend represents 40.50% of net profit, underscoring the company’s commitment to shareholder returns.

Importantly, if the company’s share capital changes between the board approval and the actual record date, the total cash dividend will be adjusted according to the unchanged per-share distribution ratio. A-share dividends will be paid in RMB; H-share dividends in HKD, using the central parity rate on March 27, 2026 (1 HKD = RMB 0.88361).

In terms of historical distribution, the company’s cumulative cash dividends for 2023, 2024, and 2025 total RMB 265 million, which is above 30% of the three-year average net profit, meeting regulatory requirements and incurring no risk warnings. As of end-2025, unappropriated profits on a consolidated basis are RMB 1.21 billion, and RMB 1.1 billion for the parent company, indicating strong financial health and capacity for ongoing dividends.

The management states the dividend plan fully considers operational and financial status as well as future development, balancing investor returns and company growth, which should boost market confidence and enhance investment value.

Potential Impact on Shareholders and Share Price

• High Dividend Payout: The 40.50% payout ratio significantly exceeds the A-share average, highlighting robust profitability and strong cash flows—potential to boost market confidence and share price momentum.
• Stable Dividend Policy: Three years of stable dividends help attract long-term investors.
• Ample Retained Earnings: Sufficient retained profits reduce concerns over future dividend sustainability.
• No Major Risk Triggers or Asset Structure Concerns: Financial assets are below 50% of total assets, indicating stable operations and limited financial risk.
• Pending AGM Approval: Final implementation requires shareholder approval at the 2025 AGM—investors should follow subsequent developments.

Conclusion

The proposed cash dividend by Zhaowei Electromechanical represents a significant increase in shareholder returns, highlighting solid financial strength and a shareholder-friendly approach. The news is likely to attract market attention and could have a positive impact on the company’s share price in the short term. Investors should monitor the results of the upcoming shareholder meeting and progress of the dividend implementation.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investing involves risk. Please exercise caution.

View 兆威机电 Historical chart here