浙江水晶光电科技股份有限公司2025年度利润分配预案详细解读

要点速览

• 2025年度现金分红总额达4.16亿元，分红率为35.45%
• 每10股派发现金红利2元（含税）
• 2025年净利润为10.18亿元，可供分配利润达26.36亿元
• 连续三年高分红，累计分红总额超12.4亿元
• 财务状况稳健，未触及任何风险警示情形

详细内容

浙江水晶光电科技股份有限公司（“水晶光电”）于2026年4月16日召开第七届董事会第七次会议，审议通过了《关于公司2025年度利润分配的预案》。该预案需在2025年年度股东大会审议通过后方可实施。

利润分配的具体安排

• 2025年度母公司实现净利润10.18亿元，扣除法定盈余公积金1.02亿元，加上年初未分配利润21.32亿元，减去2025年已分派的现金红利4.13亿元，2025年末可供分配利润为26.36亿元。
• 公司拟以扣除回购股份后的总股本13.90亿股为基数，向全体股东每10股派发2元现金红利（含税），共计派发现金红利2.78亿元（含税）。
• 2025年累计现金分红总额为4.16亿元，包括已实施的中期分红1.38亿元及本次年度分红2.78亿元。
• 2025年未实施任何股份回购。
• 2025年累计现金分红和回购总额占年度净利润的35.45%。
• 若股本因股权激励、可转债转股等发生变动，分红基数将相应调整，但每股分配金额不变。

三年分红历史与财务安全性

• 最近三个会计年度累计现金分红总额为12.41亿元，远超同期年均净利润的30%要求。
• 2025年公司合并报表未分配利润为37.92亿元，母公司报表未分配利润为26.36亿元，财务状况极为稳健。
• 2024年和2025年涉及的金融资产（非流动金融资产等）金额占总资产比例均低于2.5%，大幅低于50%预警线。
• 公司未触及任何《股票上市规则》风险警示情形。

对投资者的意义及潜在影响

• 高分红政策显示公司盈利能力和现金流稳健，优厚回报或将提升市场信心，吸引长期投资者。
• 分红比例连续三年维持高位，显示公司对股东回报的高度重视，将增强市场对公司治理和未来成长的信心。
• 公司大额未分配利润和高现金分红为股价提供支撑，有望成为推动公司估值提升的积极因素。
• 未分红股份（公司回购专户持有）不参与分红，说明公司分红政策兼顾股东公平性。
• 分红方案尚需年度股东大会审议通过，建议投资者关注后续股东大会表决结果。

结论

作为国内光电领域的龙头企业之一，水晶光电2025年度持续高分红政策，反映公司优异的经营业绩和健康的财务状况，将为股东带来稳定回报。此举有望提升市场关注度，促进公司估值提升，对股价构成正面影响。建议投资者密切关注股东大会表决以及未来利润分配动向。

免责声明

本文仅为信息披露解读，不构成任何投资建议。投资者据此作出投资决策，需承担相应风险。

English Version

Detailed Analysis of Zhejiang Crystal-Optech Co., Ltd. 2025 Profit Distribution Plan

Key Highlights

• Total cash dividend for 2025 is RMB 416 million with a payout ratio of 35.45%.
• RMB 2 (tax inclusive) cash dividend per 10 shares.
• 2025 net profit reached RMB 1.018 billion, with distributable profit of RMB 2.636 billion.
• Three consecutive years of high dividends, with cumulative dividends over RMB 1.24 billion.
• Financial position remains robust; no risk warnings triggered.

Details

Zhejiang Crystal-Optech Co., Ltd. (“Crystal-Optech”) convened its 7th Board of Directors’ 7th Meeting on April 16, 2026, and approved the “2025 Profit Distribution Plan”. This plan is subject to approval at the 2025 Annual Shareholders’ Meeting.

Specific Arrangements of the Profit Distribution

• 2025 parent company net profit was RMB 1.018 billion. After deducting the statutory surplus reserve (RMB 101 million) and considering the undistributed profit at the beginning of the year (RMB 2.13 billion) and the already distributed cash dividends for 2025 (RMB 413 million), the distributable profit at the end of 2025 is RMB 2.636 billion.
• The company plans to distribute a cash dividend of RMB 2 (tax inclusive) for every 10 shares, based on the total share capital (excluding repurchased shares), amounting to a total of RMB 278 million (tax inclusive).
• Total cash dividend for 2025 will reach RMB 416 million, including the interim dividend of RMB 138 million and the annual dividend of RMB 278 million.
• No shares were repurchased in 2025.
• Total cash dividends and buybacks for 2025 accounted for 35.45% of the net profit attributable to shareholders.
• If equity changes due to share incentives or bond conversions before the ex-dividend date, the dividend base will be adjusted accordingly, but the per-share amount remains unchanged.

Three-Year Dividend History and Financial Safety

• Total cash dividends distributed over the past three fiscal years exceeded RMB 1.24 billion, well above the 30% of average annual net profit requirement.
• As of 2025, the company’s consolidated undistributed profit amounted to RMB 3.79 billion, and the parent company’s undistributed profit stood at RMB 2.63 billion, reflecting a solid financial position.
• Financial assets accounted for less than 2.5% of total assets in both 2024 and 2025, far below the 50% warning threshold.
• No risk warning situations have been triggered under the listing rules.

Significance for Investors and Potential Impact

• High dividend payout demonstrates robust profitability and strong cash flow, likely to boost market confidence and attract long-term investors.
• Consistent high payout ratios for three years reflect the company’s commitment to shareholder returns, strengthening market confidence in management and future growth.
• Large undistributed profit and generous dividends provide support for the share price, which may become a catalyst for value appreciation.
• Repurchased shares do not participate in the dividend, ensuring fairness among shareholders.
• The dividend plan is subject to shareholders’ approval at the annual meeting; investors should closely follow the outcome of the vote.

Conclusion

As a leading player in the domestic optoelectronics industry, Crystal-Optech’s high dividend policy for 2025 showcases its outstanding performance and sound financials, promising stable returns for shareholders. This may enhance market attention and valuation, positively impacting the share price. Investors are advised to monitor the outcome of the shareholders’ meeting and future profit distribution trends.

Disclaimer

The information herein is for disclosure interpretation and does not constitute investment advice. Investors are responsible for their own investment decisions and associated risks.

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