宏润建设集团股份有限公司2025年度利润分配预案深度解析

重点摘要

• 宏润建设集团股份有限公司（证券代码：002062）于2026年4月22日召开董事会审议通过了2025年度利润分配预案，待股东大会审议通过后实施。
• 2025年度利润分配方案为：以实施权益分派股权登记日登记的总股本扣除回购专用证券账户中的股份为基数，每10股派发现金股利1元（含税）。
• 截至2026年3月31日，公司总股本为1,237,270,889股，回购专用证券账户为31,546,970股，实际分红基数为1,205,723,919股，拟派发现金红利总额为120,572,391.90元（含税）。
• 公司2025年度实现归属于上市公司股东的净利润为279,694,909.72元，分红后可供分配利润为156,113.03万元。
• 最近三年（2023-2025）累计现金分红金额为352,056,078.80元，占三年平均净利润的117.13%，远超30%的监管要求。
• 公司未触及深圳证券交易所股票上市规则第9.8.1条相关风险警示，现金分红政策合理合法。

详细内容解读

利润分配方案及财务状况

本次利润分配方案由董事会提出，审计机构为中兴华会计师事务所。公司根据《公司法》和《公司章程》在提取10%法定盈余公积金后，加上年初未分配利润148,175.15万元，减去2024年度已分配现金股利12,248.04万元后，截至2025年12月31日可供分配利润为156,113.03万元。

利润分配方案为：以权益分派股权登记日的总股本扣除公司回购专用证券账户中的股份为基数，每10股派发现金股利1元（含税）。回购专用证券账户中的股份不享受分红权利。以2026年3月31日数据为例，实际分红基数为1,205,723,919股，拟派发现金红利120,572,391.90元（含税）。如股本发生变动，分红总额将按比例调整。

历史分红及监管合规

最近三个会计年度（2023-2025），公司累计现金分红352,056,078.80元，三年平均净利润为300,559,690.94元，分红金额占平均净利润117.13%。这充分体现公司重视股东回报，远超30%的监管要求，未触及深圳证券交易所股票上市规则第9.8.1条相关风险警示情形。

公司现金分红政策符合中国证监会《上市公司监管指引第3号——上市公司现金分红》《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运作》及《公司章程》等相关规定，综合考虑行业形势、经营发展、现金流状况与股东回报，具备合法、合规及合理性。

投资者需关注的事项及潜在价格影响

• 本次分红方案大幅超过监管要求，显示公司经营稳健，对投资者具有强吸引力，或提升市场信心。
• 分红方案中回购股份不参与分红，如公司后续回购规模变动，将影响实际分红总额，投资者需关注相关公告。
• 分红方案待股东大会审议通过后实施，流程进展及股东大会决议结果或对股价产生短期波动。
• 公司未触及风险警示，分红政策合理，或有助于提升估值及投资者回报预期。

备查文件及时间节点

• 第十一届董事会第九次会议决议。
• 公告发布时间：2026年4月24日。
• 股东大会审议通过后方可实施分红方案。

总结

宏润建设集团股份有限公司2025年度利润分配预案为高比例现金分红，显示公司盈利能力和重视股东利益，未触及任何风险警示。分红政策的持续高比例实施，或对公司股价及市场估值形成正面影响。投资者应关注股东大会审议结果及后续分红实施公告。

免责声明：本文仅为信息解读，不构成投资建议。投资者需根据自身风险承受能力和市场情况谨慎决策，关注公司后续公告及相关文件。

Hongrun Construction Group Co., Ltd. 2025 Profit Distribution Plan Detailed Report

Key Highlights

• Hongrun Construction Group Co., Ltd. (stock code: 002062) held its Board meeting on April 22, 2026, and approved the 2025 profit distribution plan, pending shareholder approval.
• 2025 profit distribution scheme: Based on the total share capital at the equity distribution record date (excluding shares in the repurchase account), a cash dividend of RMB 1 per 10 shares (tax included) will be distributed.
• As of March 31, 2026, the total share capital was 1,237,270,889 shares, with 31,546,970 shares in the repurchase account, making the dividend base 1,205,723,919 shares. The proposed total cash dividend is RMB 120,572,391.90 (tax included).
• Net profit attributable to shareholders in 2025 was RMB 279,694,909.72, with distributable profit after dividend at RMB 1,561,130,282.23.
• Over the last three years (2023-2025), cumulative cash dividends amounted to RMB 352,056,078.80, accounting for 117.13% of the average net profit, far exceeding the 30% regulatory requirement.
• The company does not trigger any risk warning under Shenzhen Stock Exchange rules, and its dividend policy is compliant and reasonable.

Detailed Analysis

Profit Distribution Plan and Financial Overview

The profit distribution plan was proposed by the Board and audited by Zhongxinghua CPA. According to the Company Law and Articles of Association, after a 10% statutory surplus reserve, adding the undistributed profit at the start of the year (RMB 1,481,751,500), subtracting the 2024 cash dividend (RMB 122,480,387.90), the distributable profit as of Dec 31, 2025, is RMB 1,561,130,282.23.

The scheme: Based on the share capital at the record date (excluding repurchased shares), a cash dividend of RMB 1 per 10 shares (tax included) will be distributed. Repurchased shares do not participate in dividends. As of March 31, 2026, the dividend base is 1,205,723,919 shares, with a total cash dividend of RMB 120,572,391.90. If the share capital changes, the total dividend will be adjusted proportionally.

Historical Dividends and Regulatory Compliance

In the last three fiscal years (2023-2025), cumulative cash dividends were RMB 352,056,078.80, with an average net profit of RMB 300,559,690.94, meaning dividends accounted for 117.13% of average net profit. This demonstrates strong commitment to shareholder returns, far exceeding the 30% regulatory threshold.

The dividend policy complies with CSRC and SZSE regulations and considers industry outlook, business development, cash flow, and shareholder returns, ensuring it is legal, compliant, and reasonable.

Investor Considerations & Potential Price Impact

• The high dividend ratio signals robust operations and strong shareholder commitment, likely boosting market confidence.
• Repurchased shares do not participate in dividends. Changes in repurchase volume may affect the actual dividend amount; investors should monitor related disclosures.
• The scheme will be implemented after shareholder approval; the outcome may affect short-term share price volatility.
• No risk warning is triggered, and the rational dividend policy may enhance valuation and shareholder expectations.

Reference Documents & Timeline

• Board Resolution of the 11th Board’s 9th meeting.
• Announcement date: April 24, 2026.
• Dividend plan to be implemented after shareholder approval.

Conclusion

Hongrun Construction’s 2025 dividend scheme features high cash payouts, revealing strong profitability and shareholder focus, with no regulatory warning. Consistent high dividend ratios may positively impact share price and valuation. Investors should monitor shareholder meeting results and future dividend announcements.

Disclaimer: This article is for informational analysis only and does not constitute investment advice. Investors should make decisions based on their own risk tolerance and market conditions and pay attention to subsequent company disclosures.

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