格林美发布2025年度利润分配预案及2026年度中期分红规划

主要内容摘要

• 2025年度拟每10股派发现金红利0.95元（含税），不送红股，不以公积金转增股本。
• 预计现金分红总额为4.84亿元（含税），占2025年归属于上市公司股东净利润的30.60%。
• 公司近三年累计现金分红总额占三年平均净利润比例超过30%，未触及风险警示情形。
• 2026年度拟设中期分红机制，授权董事会根据中期业绩及公司资金需求决定是否分红及分红金额。
• 所有分红方案与授权须经2025年年度股东大会审议通过后方能实施。
• 公告明确分红预案及分红授权存在不确定性，提醒投资者关注投资风险。

详细解读

一、利润分配预案审议程序

格林美股份有限公司（证券代码：002340）于2026年4月20日召开董事会，审议通过了2025年度利润分配预案及2026年度中期分红规划议案，后续需提交2025年年度股东大会审议。

二、2025年度利润分配预案详情

• 分配基准为2025年度。
• 母公司2025年度期初未分配利润为5.99亿元，报告期利润为4.84亿元，提取法定盈余公积4840万元，2024年实际分配股利3.37亿元，最终可供分配利润6.98亿元。
• 分红方案：以2025年权益分派实施时的总股本，扣除回购专用账户股份后，每10股派发现金红利0.95元（含税），不送红股，不转增股本。
• 截至2026年4月20日，公司回购专用账户持有股份1,315.82万股，现总股本为51.03亿股，扣除回购股份后按50.9亿股测算，预计现金分红总额为4.84亿元（含税）。具体分红金额以实际权益分派公告为准。
• 如实施前公司总股本发生变动，将依变动后总股本扣除回购股份为基数实施分红，单股分红比例不变，现金分红总额相应调整。

三、现金分红预案合理性及风险警示

• 2025年合并报表归母净利润为15.80亿元，母公司末累计未分配利润6.98亿元。
• 2023-2025年三年累计现金分红12.29亿元，三年平均净利润11.78亿元，现金分红比例高于30%。
• 最近三年公司现金分红及回购注销总额共12.61亿元。
• 公司2025年净利润及未分配利润均为正值，未触及《股票上市规则》第9.8.1条关于实施其他风险警示的条件。
• 分红方案兼顾公司发展、资金需求及对股东的合理回报，体现稳定可持续的回报机制。

四、2026年度中期分红规划

• 公司拟在2026年度设立中期分红机制，前提为当期盈利且累计未分配利润为正。
• 中期分红金额不超过相应期间归属于上市公司股东的净利润和可供分配利润。
• 公司股东会授权董事会根据2026年中期业绩及公司资金需求，决定是否进行中期分红、具体金额及时间。

五、重要事项及风险提示

• 本次利润分配预案及2026年中期分红授权方案尚需2025年年度股东大会审议通过。
• 分红预案及分红授权存在不确定性，投资者需关注相关风险，公司将及时公告相关进展。

投资者需关注的要点及潜在影响

• 大比例现金分红： 2025年度分红方案保持高比例回报，显示公司盈利能力和现金流充足，有望增强投资者信心并支撑股价表现。
• 中期分红机制引入： 2026年拟设中期分红机制，提升持续回报能力，对中长期投资者有积极信号。
• 分红预案待股东大会审议： 预案尚未最终落地，存在不确定性，投资者应关注后续审议和实施进展。
• 未触及风险警示情形： 公司分红政策合规，财务状况稳健，未现异常风险因素。

结论

格林美股份有限公司此次发布的利润分配预案及中期分红规划显示公司注重股东回报，分红力度大且持续，若方案顺利实施，将为股东带来稳定收益，有望提振市场信心，或对公司股价形成正面影响。投资者应关注即将召开的2025年年度股东大会相关决议及后续进展。

免责声明： 本文内容仅供投资者参考，不构成任何投资建议或承诺。投资有风险，决策需谨慎，具体分红实施以公司最终公告为准。

English Version

GEM Co., Ltd. Announces 2025 Dividend Proposal and 2026 Interim Dividend Plan

Key Highlights

• For 2025, the company plans to pay a cash dividend of RMB 0.95 (tax inclusive) for every 10 shares, with no bonus shares and no capital reserve conversion.
• Estimated total cash dividend payout is RMB 484 million, accounting for 30.60% of 2025 net profit attributable to shareholders.
• Aggregate cash dividends over the past three years exceed 30% of the average net profit, with no risk warning triggers.
• For 2026, GEM proposes an interim dividend mechanism, authorizing the board to determine whether and how much to pay based on interim results and capital needs.
• All dividend proposals and authorizations require approval at the 2025 Annual Shareholders’ Meeting before implementation.
• The Company reminds investors that the dividend plans are subject to uncertainty and potential risks.

In-Depth Analysis

1. Review Process

On April 20, 2026, GEM Co., Ltd. (stock code: 002340) convened its board meeting, approving the 2025 dividend proposal and 2026 interim dividend plan, pending shareholder meeting approval.

2. 2025 Dividend Proposal Details

• Distribution base is the 2025 fiscal year.
• As of 2025: retained profits at year-beginning were RMB 599 million, net profit for the year was RMB 484 million, legal surplus reserve extracted RMB 48.4 million, 2024 actual dividend payout was RMB 337 million, resulting in distributable profit of RMB 698 million.
• Dividend plan: Based on total shares minus repurchased shares as of the ex-dividend date, each 10 shares receive RMB 0.95 (tax inclusive) in cash; no bonus shares or capital reserve conversion.
• As of April 20, 2026, repurchased shares totaled 13.16 million; total share capital was 5.10 billion. After deduction, the base for dividend calculation is 5.09 billion shares, with estimated total dividend payout of RMB 484 million (tax inclusive). The final amount will be confirmed in the implementation announcement.
• If share capital changes before implementation, the dividend base and total will be adjusted accordingly, but the per-share ratio remains unchanged.

3. Cash Dividend Plan Reasonableness & Risk Warnings

• 2025 consolidated net profit attributable to shareholders: RMB 1.58 billion; parent company retained profit: RMB 698 million.
• 2023-2025 cumulative cash dividends: RMB 1.229 billion; three-year average net profit: RMB 1.178 billion; payout ratio exceeds 30%.
• Combined cash dividends and buybacks over the past three years: RMB 1.26 billion.
• 2025 net profit and retained profits are both positive; no risk warning triggers under relevant stock listing rules.
• Dividend proposal takes into account development stage, capital needs, and shareholder returns, supporting a stable, sustainable return mechanism.

4. 2026 Interim Dividend Plan

• Subject to positive profits and retained earnings, the company plans to establish an interim dividend mechanism in 2026.
• Interim dividends will not exceed net profit attributable to shareholders or distributable profits for the relevant period.
• The board is authorized to decide on interim dividend implementation and amount based on performance and capital needs.

5. Important Matters & Risk Reminders

• Dividend and interim dividend proposals are subject to approval at the 2025 Annual Shareholders’ Meeting.
• Dividend implementation is uncertain; investors should monitor company updates and relevant risks.

Investor Focus & Potential Impact

• High Dividend Ratio: The 2025 proposal demonstrates strong profitability and cash flow, likely to boost investor confidence and support share price.
• Introduction of Interim Dividend Mechanism: For 2026, the plan signals a commitment to sustained shareholder returns—a positive for longer-term investors.
• Pending Shareholder Approval: The plans are not yet finalized, so investors should watch for the outcome of the annual meeting.
• No Risk Warning Triggers: The company remains compliant and financially healthy, with no abnormal risk factors detected.

Conclusion

GEM Co., Ltd.’s dividend and interim dividend plans highlight its commitment to shareholder returns, with generous and consistent dividends. If approved, these plans could provide stable returns, boost market confidence, and potentially have a positive impact on share price. Investors are advised to follow developments at the 2025 Annual Shareholders’ Meeting.

Disclaimer: This article is for reference only and does not constitute investment advice or a commitment. Investing involves risks; please make decisions cautiously. Actual dividend implementation is subject to the company’s final announcements.

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