华林证券发布2025年度利润分配方案，现金分红比例明显提升

要点摘要

• 利润分配方案：2025年度每10股派发现金红利人民币0.57元（含税），预计总派息金额为1.539亿元人民币。
• 分红比例提升：2025年度分红总额占归属于母公司股东净利润的30.40%。
• 公司盈利状况：2025年度归属于母公司股东净利润为5.06亿元，未分配利润累计达到23.2亿元。
• 不送红股/不转增股本：本年度不实施送红股及资本公积转增股本。
• 分红政策持续性：近三年累计分红2.73亿元，持续高于年均净利润30%的监管要求。
• 未触及风险警示：方案未触及其他风险警示情形，符合深交所及公司章程相关规定。
• 方案尚需股东大会审议通过：待2025年度股东大会审议后方可实施。
• 动态调整机制：若实施前总股本因股权激励、可转债转股等发生变化，将调整分配比例以保证分红总额不变。

详细内容

2026年3月30日，华林证券股份有限公司召开第四届董事会第七次会议，审议通过了2025年度利润分配预案。根据公告，2025年度公司将以股权登记日的总股本为基数，向全体股东每10股派发现金红利人民币0.57元（含税），预计合计分红金额为1.539亿元人民币。

依据2025年度合并报表，公司归属于母公司股东净利润为5.06亿元。在提取法定盈余公积、一般风险准备与交易风险准备共计1.39亿元后，2025年实现的可供分配利润为3.67亿元。截至2025年末，合并报表未分配利润为23.2亿元，母公司未分配利润为18.8亿元，显示公司利润积累和现金流稳健。

值得关注的是，本次利润分配方案的现金分红总额达到净利润的30.40%，相比往年有明显提升。2024年度和2023年度的现金分红分别为1.08亿元和1079万元，近三年累计分红2.73亿元，远高于深交所要求的年均净利润30%的红线，体现了公司对股东回报的高度重视和持续性。

公告特别指出，若方案公告后至实施前，公司因股权激励、可转债转股、股份回购等导致股本总额发生变动，将根据分红总额不变的原则动态调整分配比例，保障股东权益。

在风险提示方面，公告明确公司分红政策未触及《股票上市规则》第9.8.1条第（九）项规定的其他风险警示情形。公司表示，本次分红方案不会对经营现金流或公司持续发展构成重大影响。

该方案需在2025年度股东大会审议通过后方可实施。相关备查文件包括2025年度审计报告和董事会决议。

投资者关注要点

• 分红比例提升或提振市场信心：分红水平的提升显示公司盈利能力和现金流健康，有望提振市场信心及股价表现。
• 现金分红预期明确：高比例现金分红有助于吸引长期价值投资者。
• 分红实施前的动态调整机制：投资者需关注股本变动对分红比例的影响。
• 方案尚未最终通过：需等待2025年度股东大会最终表决。

免责声明

本文基于华林证券公开公告整理，仅供投资者参考，不构成投资建议。投资有风险，请审慎决策。

Hualin Securities Announces 2025 Profit Distribution Plan With Significant Dividend Increase

Key Points

• Dividend Proposal: RMB 0.57 (pre-tax) cash dividend per 10 shares for 2025, with a total expected payout of RMB 153.9 million.
• Increased Dividend Ratio: Total dividend for 2025 accounts for 30.40% of net profit attributable to shareholders of the parent company.
• Profitability: Net profit attributable to shareholders for 2025 reached RMB 506 million, with cumulative undistributed profit at RMB 2.32 billion.
• No Stock Dividends or Capital Reserve Transfers: No bonus shares or capital reserve to share capital transfers this year.
• Consistent Dividend Policy: Cumulative cash dividends exceeded 30% of average annual net profit for the past three years, surpassing regulatory minimums.
• No Risk Alerts Triggered: The plan does not trigger additional risk warnings and complies with Shenzhen Stock Exchange and company rules.
• Pending Shareholder Approval: To be implemented after approval at the 2025 Annual General Meeting.
• Dynamic Adjustment Mechanism: If total share capital changes due to stock options, convertible bond conversions, or buybacks before implementation, the dividend ratio will be adjusted to keep the total payment unchanged.

Details

On March 30, 2026, Hualin Securities Co., Ltd. held its 7th meeting of the fourth Board of Directors and approved the 2025 annual profit distribution plan. The proposal is to pay a cash dividend of RMB 0.57 per 10 shares (pre-tax), based on the total share capital on the record date, with an expected total payout of RMB 153.9 million.

According to the 2025 consolidated financial report, the company achieved RMB 506 million in net profit attributable to the parent company’s shareholders. After transferring RMB 138.8 million to statutory surplus, general risk, and trading risk reserves, the distributable profit for 2025 is RMB 367 million. As of the end of 2025, cumulative undistributed profit stands at RMB 2.32 billion, and the parent company’s undistributed profit at RMB 1.88 billion, highlighting a solid profit base and cash position.

Of note, the cash dividend ratio this year is 30.40% of net profit, which is a notable increase over prior years. In 2024 and 2023, cash dividends were RMB 108 million and RMB 10.8 million, respectively, with a three-year cumulative dividend of RMB 273 million—well above the 30% regulatory baseline, showcasing the company’s commitment to shareholder returns.

The announcement specifies that if there are changes in total share capital before implementation (e.g., due to equity incentives, convertible bond conversions, or share buybacks), the company will adjust the dividend ratio to ensure the total payout remains unchanged.

Regarding risk, the company confirms that the dividend plan does not trigger any additional risk alerts as per Shenzhen Stock Exchange rules, and will not materially impact operational cash flow or long-term development.

The plan is subject to approval at the 2025 Annual General Meeting. Supporting documents include the 2025 audit report and board resolutions.

Investor Takeaways

• Dividend increase could boost market confidence and share value: The higher payout ratio reflects robust profitability and cash flow, which could positively impact share price.
• Clear dividend policy attracts value investors: The high and consistent dividend payout is attractive to long-term investors.
• Dynamic adjustment mechanism: Investors should monitor any changes to share capital that may affect final dividend ratios.
• Plan not yet final: Must be approved by the Annual General Meeting.

Disclaimer

This article summarizes public disclosures from Hualin Securities and is for reference only. It does not constitute investment advice. Investment involves risk; please make decisions prudently.

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