大华股份发布2025年度利润分配预案，现金分红比例高达54.25%

浙江大华技术股份有限公司（证券代码：002236）于2026年4月17日召开董事会，审议并通过了2025年度利润分配预案，相关内容于4月18日对外公告。此次利润分配方案及相关安排，对公司未来股价及投资者信心具有重要影响。

一、利润分配预案主要内容

• 分红方案：以截至目前扣除回购股份后的总股本3,249,442,473股为基数，向全体股东每10股派发现金3.70元（含税），预计现金分红总额为1,202,293,715.01元（含税）。
• 不进行资本公积转增股本，不送红股，剩余未分配利润留待后续分配。
• 本次分红方案尚需提交公司股东大会审议。

二、业绩概况及分红能力

• 2025年度公司合并报表实现归属于母公司股东的净利润为3,857,923,611.86元。
• 母公司实现净利润4,075,574,611.47元。
• 截至2025年末，公司合并报表可供股东分配的利润为26,175,119,977.18元，母公司可供分配利润为26,161,629,808.16元。

三、累计分红与回购情况

• 2025年前三季度已派发现金分红601,356,314.51元（含税）。
• 2025年度累计回购股份16,361,300股，回购金额为289,120,707元，按相关规则视同现金分红。
• 2025年度全部现金分红总额预计为2,092,770,736.52元，占归属于母公司股东净利润的54.25%。

四、分红政策的合法合规性及对投资者的影响

• 公司利润分配预案已通过董事会、审计委员会及独立董事审核，认为分红政策符合《公司法》和《公司章程》要求，兼顾公司发展和投资者回报。
• 最近三个会计年度累计现金分红总额6,174,244,146.97元，最近三个年度平均净利润4,708,514,900.14元，分红比例持续高企，显示公司回报股东的积极态度。
• 如因可转债转股、股份回购、股权激励行权、再融资新增股份等导致股本变化，将根据股权登记日的实际股本调整分配总额，保障所有股东利益。

五、财务稳健，分红方案不触及风险警示

• 公司非经营性金融资产占比仅3.96%和4.50%，远低于50%的警戒线，财务结构稳健。
• 分红方案不触及深交所股票上市规则第9.8.1条关于实施其他风险警示的情形。

六、对投资者的重要提示

• 本次高比例现金分红（54.25%）显示公司盈利能力稳健且对股东回报高度重视，预计将进一步增强投资者信心，有望对公司股价形成积极支撑。
• 分红政策的持续性和高比例分红对价值投资者具有较强吸引力，预计对市场资金流向和股价波动产生积极影响。
• 股东应关注后续公司股东大会对分红方案的最终表决结果及相关实施细节。

免责声明：本文仅供投资参考，不构成具体投资建议。投资者应充分了解相关风险，根据自身情况谨慎决策。

English Version

Dahua Technology Announces 2025 Profit Distribution Plan: Cash Dividend Payout Ratio at 54.25%

Zhejiang Dahua Technology Co., Ltd. (002236) held a board meeting on April 17, 2026, and approved the 2025 profit distribution plan, which was publicly disclosed on April 18. The details of this dividend proposal are significant for the company’s future share price and investor sentiment.

1. Key Details of the Dividend Plan

• Dividend Scheme: Based on the current share capital after deducting repurchased shares (3,249,442,473 shares), a cash dividend of RMB 3.70 (tax included) per 10 shares will be distributed to all shareholders. The estimated total cash dividend is RMB 1,202,293,715.01 (tax included).
• No bonus shares or capital reserve to share capital conversion; undistributed profits will be retained for future distribution.
• The dividend plan is subject to approval at the company’s general shareholders’ meeting.

2. Performance Overview and Dividend Capability

• In 2025, net profit attributable to shareholders was RMB 3,857,923,611.86; parent company net profit was RMB 4,075,574,611.47.
• As of the end of 2025, distributable profit on a consolidated basis was RMB 26,175,119,977.18; parent company distributable profit was RMB 26,161,629,808.16.

3. Cumulative Dividend and Buyback Details

• Cash dividends paid in the first three quarters of 2025: RMB 601,356,314.51 (tax included).
• In 2025, the company repurchased 16,361,300 shares, amounting to RMB 289,120,707, considered as cash dividend under regulatory rules.
• Total cash dividend for 2025 is estimated to be RMB 2,092,770,736.52, accounting for 54.25% of net profit attributable to shareholders.

4. Legality, Compliance, and Impact on Investors

• The profit distribution plan has passed the board, audit committee, and independent directors’ review, confirming compliance with the Company Law and Articles of Association, balancing company growth and shareholder returns.
• Cumulative cash dividend over past three years reached RMB 6,174,244,146.97; average net profit for the same period was RMB 4,708,514,900.14, reflecting the company’s commitment to shareholder returns.
• If share capital changes due to convertible bonds, share buybacks, equity incentives, or refinancing before the record date, the distribution amount will be adjusted accordingly to protect shareholder interests.

5. Financial Stability and No Risk Triggers

• The company’s non-operational financial assets accounted for only 3.96% and 4.50% of total assets in the past two years, well below regulatory thresholds, indicating sound financial health.
• The dividend plan does not trigger any other risk warnings per Shenzhen Stock Exchange Listing Rules.

6. Key Takeaways for Investors

• This high cash dividend ratio (54.25%) demonstrates solid profitability and a strong commitment to shareholder returns, likely to boost investor confidence and support the stock price.
• Maintaining a high payout ratio is attractive to value investors and may positively influence market sentiment and share price volatility.
• Shareholders should monitor the outcome of the general meeting for the final approval and implementation details of the dividend plan.

Disclaimer: The above content is for informational purposes only and does not constitute investment advice. Investors should fully understand relevant risks and make prudent decisions based on their own circumstances.

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