中山公用事业集团股份有限公司发布2025年度利润分配预案公告
主要内容梳理
- 利润分配预案审议通过：公司于2026年4月23日召开第十一届董事会第六次会议，审议并通过了2025年度利润分配预案。表决结果为全票通过（同意8票，反对0票，弃权0票）。该预案还需提交公司2025年度股东大会审议。
- 净利润及分配详情：经中审众环会计师事务所审计，2025年度合并利润表归属于母公司所有者的净利润为18.79亿元，其中母公司实现净利润11.38亿元。
- 分红基数与金额：
- 2025年末母公司可供分配利润为80.46亿元。
- 拟以实施权益分派股权登记日登记的总股本扣除公司回购专用账户中的回购股份为基数分配利润。
- 向全体股东每10股派发现金红利3.85元（含税）。
- 截至2025年12月31日，公司总股本为1,475,111,351股，扣除回购股份7,380,221股，拟派发现金红利约5.65亿元（含税），占可分配利润的30.07%。
- 公司2025年度不进行资本公积金转增股本。
- 若分派基数发生变动，分配总额将相应调整，但每股分配比例不变。
- 分红实施时间：年度股东会审议通过后，两个月内实施。
对投资者的影响与重要提示
- 持续高分红政策：近三年累计现金分红总额达14.93亿元，高于三年平均净利润的30%。公司分红政策稳定，有助于增强投资者信心。
- 未触及风险警示：公司未触及深圳证券交易所股票上市规则第9.8.1条有关股票交易风险警示的规定，分红情况健康。
- 财务稳健：公司利润分配方案不会影响正常生产经营，也不会对未来财务状况产生重大不利影响。
- 资本公积金充足：母公司法定公积金已达注册资本50%，2025年度不再提取法定公积金，体现公司资本结构稳健。
- 分红比例调整机制：若股权登记日前总股本发生变化，分红总额会调整，但每股派发比例保持不变，保障股东利益。
- 实施前提：本次利润分配预案尚需股东大会审议通过，投资者需关注股东大会决议及后续实施情况。
风险提示
本次利润分配预案尚需股东大会审议通过方可实施。投资者需理性投资，关注后续决议及实施进展。
结论与投资启示
本公告显示中山公用事业集团股份有限公司持续保持高分红政策，财务状况稳健，并未触及任何风险警示条款。分红比例较高，且分红实施机制保障股东利益，这些因素均对公司股价形成积极支撑。投资者可重点关注股东大会审议进展及实际分红实施情况，分红政策稳定有望提升公司市场关注度和估值。
免责声明：本文仅为信息披露解读，不构成投资建议。投资者请结合自身情况及市场风险，审慎决策。
Zhongshan Public Utilities Group Co., Ltd. Releases 2025 Profit Distribution Proposal
Key Highlights
- Approval Process: On April 23, 2026, the Board of Directors approved the 2025 profit distribution proposal with unanimous support (8 votes in favor, 0 against, 0 abstentions). The proposal still requires shareholder meeting approval.
- Net Profit and Distribution Details: Audited by Zhongshen Zhonghuan CPA, the consolidated net profit attributable to parent shareholders in 2025 was RMB 1.879 billion, with the parent company net profit at RMB 1.138 billion.
- Dividend Base and Amount:
- Distributable profit at year-end is RMB 8.046 billion.
- Dividend will be based on total shares excluding repurchased shares as of the record date.
- Cash dividend proposed: RMB 3.85 (tax included) per 10 shares to all shareholders.
- As of December 31, 2025, total shares: 1,475,111,351; excluding 7,380,221 repurchased shares, total cash dividend approx. RMB 565 million (tax included), representing 30.07% of distributable profit.
- No capital reserve conversion to share capital in 2025.
- If the base changes before the record date, total dividend will adjust but per-share ratio remains unchanged.
- Dividend Implementation: To be completed within two months after shareholder approval.
Impact and Investor Notes
- Consistent High Dividend Policy: Over the past three years, cumulative cash dividends reached RMB 1.493 billion, exceeding 30% of average net profit, supporting shareholder returns and confidence.
- No Risk Warning Triggered: The company did not trigger Shenzhen Stock Exchange risk warning rules; dividend policy remains healthy.
- Financial Stability: The proposal will not negatively affect operations or financial health.
- Capital Adequacy: Statutory reserve meets requirements; stable capital structure.
- Dividend Adjustment Mechanism: If share base changes, total dividend adjusts; per-share payout remains, protecting shareholder interests.
- Implementation Condition: Proposal requires shareholder approval; investors should monitor meeting results and subsequent execution.
Risk Warning
The profit distribution proposal must be approved by the shareholder meeting before implementation. Investors should remain rational and monitor follow-up developments.
Conclusion & Investment Insight
Zhongshan Public Utilities Group Co., Ltd. demonstrates a steady high-dividend policy and robust financial health, with no risk warnings triggered. The high payout ratio and mechanism to protect per-share dividends are positive for share value. Investors are advised to monitor shareholder meeting outcomes and actual dividend implementation, as dividend stability could enhance market interest and valuation.
Disclaimer: This article is for information purposes only and does not constitute investment advice. Investors should make decisions prudently, considering market risks and personal circumstances.
