高争民爆发布2026年中期分红授权公告：分红方案细则及影响详解

要点概述

• 西藏高争民爆股份有限公司（证券代码：002827，简称“高争民爆”）于2026年4月7日召开的第四届董事会第十六次会议上，审议并通过了《关于授权董事会制定2026年中期分红方案的议案》。
• 该议案将提交至2025年度股东大会审议，尚未正式生效。
• 2026年中期分红的具体方案，包括分红条件、金额、时间和授权范围均已做出详细说明。

分红方案细则

1. 分红条件

• 公司当期需实现盈利，且累计未分配利润为正数。
• 公司现金流必须能够满足持续经营及长期发展的需求，确保分红不会影响公司正常运作和未来成长。

2. 分红金额

2026年中期分红金额不得超过当期实现的归属于上市公司股东的净利润。这意味着分红将完全以公司主业盈利状况为基础，有助于保证公司财务稳健。

3. 分红时间

公司计划于2026年下半年实施本次中期分红方案，具体时间将结合实际经营情况由董事会决定。

4. 分红方案授权

• 董事会获得在上述条件及范围内制定2026年中期分红方案的权限。
  授权期限为股东会通过该议案之日起至2026年度股东会召开之日止。
• 分红方案须经董事会过半数以上董事审议通过后方可执行。

会议表决情况

• 2026年4月7日，董事会以9票同意、0票反对、0票弃权的全票通过了分红授权议案，显示公司高层对分红安排高度一致。
• 该议案尚需提交股东大会审议，最终能否实施仍存在不确定性。

对股东与投资者的重要提示

• 分红政策调整、董事会分红决策权提升： 本次授权议案通过后，董事会可根据公司实际经营情况灵活制定和调整分红方案，有利于提升资金使用效率与股东回报，但也意味着分红是否实施及具体金额存在一定的不确定性。
• 与公司盈利直接挂钩： 分红方案严格限制在净利润范围内，若公司2026年经营业绩优异，分红金额有望提升，反之则可能减少或不分红，这对公司股价具有较强的业绩联动性和敏感性。
• 风险提示： 由于该议案尚未通过股东大会，且分红方案须经董事会最终审议，公司后续公告及2026年实际盈利情况将直接影响投资者预期，建议投资者密切关注相关进展。

结论

高争民爆本次中期分红方案授权公告，显示公司对未来盈利及现金流信心，同时也提升董事会灵活决策能力。分红政策的调整及未来分红金额的不确定性，预计将对公司股价产生一定的影响，投资者应高度关注后续股东大会表决结果及公司经营业绩表现。

备查文件

• 第四届董事会第十六次会议决议。

免责声明

本文信息来自公司公告，仅供投资参考，不构成任何投资建议。投资者据此操作，风险自负。请关注公司后续公告及业绩表现，理性决策。

English Version

Gaozheng Civil Explosives Releases 2026 Interim Dividend Authorization: Key Details and Investor Impact

Key Highlights

• Tibet Gaozheng Civil Explosives Co., Ltd. (Stock Code: 002827, “Gaozheng Civil Explosives”) held its 16th meeting of the fourth Board of Directors on April 7, 2026, and approved the “Proposal to Authorize the Board to Formulate the 2026 Interim Dividend Plan”.
• The proposal will be submitted to the 2025 Annual General Meeting for review and is not yet effective.
• Specifics of the 2026 interim dividend plan, including conditions, amount, timing, and scope of authorization, were clearly outlined.

Dividend Plan Details

1. Dividend Conditions

• The company must be profitable during the period, and cumulative undistributed profits must be positive.
• Cash flow must meet the needs of continuous operation and long-term development, ensuring dividends do not affect normal operations or future growth.

2. Dividend Amount

The interim dividend for 2026 shall not exceed the net profit attributable to shareholders for the period, fully linking dividends to the company’s business performance and maintaining financial health.

3. Dividend Timing

The company plans to implement the interim dividend plan in the second half of 2026, with the exact timing to be determined by the board based on actual operations.

4. Authorization Scope

• The board is authorized to formulate the 2026 interim dividend plan within these conditions. The authorization period lasts from shareholder approval until the 2026 AGM.
• The dividend plan must be approved by a majority of the board before execution.

Meeting Results

• On April 7, 2026, the board unanimously (9 votes in favor, 0 against, 0 abstentions) passed the dividend authorization proposal, showing strong top-level consensus.
• The proposal still requires shareholder meeting approval, so implementation remains uncertain.

Important Information for Shareholders and Investors

• Dividend Policy Flexibility and Board Authority: If approved, the board will have greater flexibility in dividend decisions, optimizing capital efficiency and returns. However, this also means the timing and amount of dividends are uncertain.
• Performance-Linked Dividends: The dividend is strictly limited to net profits. If the company performs well in 2026, dividends may increase, and vice versa. This ties share price closely to company performance.
• Risk Warning: Since the proposal is not yet effective and the final plan requires board approval, investors should closely monitor subsequent announcements and company performance.

Conclusion

This interim dividend authorization demonstrates the company’s confidence in future profitability and cash flow, while granting the Board flexibility. Changes in dividend policy and the uncertainty of future dividend amounts may impact the share price. Investors should focus on the results of the upcoming shareholder meeting and company performance.

Reference Documents

• Resolutions from the 16th meeting of the fourth Board of Directors.

Disclaimer

The above information is based on the company announcement and is for reference only. It does not constitute investment advice. Investors should make decisions carefully and assume their own risk, paying attention to future company disclosures and performance.

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