拓荆科技发布2025年度利润分配方案，拟每10股派发3.30元现金红利
一、公告要点
- 每10股派发现金红利3.30元（含税），不进行资本公积转增股本，不送红股。
- 分红基数为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股份后计算。
- 若股本变动，将维持每股分配比例不变，调整分配总额。
- 2025年度实现归属于上市公司股东的净利润为9.27亿元，分红总额9,287万元，占净利润10.02%。
- 方案尚需2025年年度股东会审议通过后方可实施。
- 公司未触及上交所科创板股票上市规则的其他风险警示情形。
二、详细分红安排及其影响
截至公告日，公司总股本为282,693,012股，扣除回购专用证券账户中的1,267,894股后，为281,425,118股。以此计算，合计拟派发现金红利92,870,288.94元（含税），占2025年度归属于上市公司股东净利润的10.02%。
公司本年度不进行资本公积转增股本、不送红股，仅现金分红。
分红比例低于30%的原因如下：公司处于半导体设备高研发投入的快速发展阶段，需大量资金支持产品研发、产能扩张、业务拓展和人才招聘等。留存部分利润将继续用于研发创新和业务扩张，提升竞争力和股东长期回报。
三、对股东的重要提示及潜在影响
- 分红水平：三年累计现金分红2.34亿元，现金分红比例达到30.79%，近三年研发投入21.91亿元，占累计营业收入16.44%。现金分红政策符合《公司章程》和监管要求。
- 行业发展与资金需求：公司主营高端半导体设备，产品覆盖PECVD、ALD、SACVD、HDPCVD等系列及三维集成设备。芯片工艺复杂度提升，持续高强度研发投入是保障公司长期成长的关键。
- 业绩表现：2025年预计营业收入65.19亿元，同比增长58.87%；净利润9.27亿元，同比增长34.67%。公司业务规模扩张迅速，财务状况稳健。
- 公司治理和分红决策：公司严格按法律法规和章程规定执行分红政策，现金分红议案将提交2025年年度股东大会审议，并为中小股东提供现场及网络投票便利。
- 风险提示：本次分红方案不会对公司现金流和正常经营产生重大影响，但实施仍需经股东会审议通过，投资者需关注相关风险。
- 对股价的影响：较低的现金分红比例可能引发市场对公司资金用途和成长性预期的讨论，尤其是在当前半导体行业高研发投入周期下。业绩高增长与持续大额研发投入并举，若研发成果持续转化，长期将利好公司估值，但短期分红比例较低可能带来一定波动。
四、后续安排
方案经2026年5月9日董事会审议通过，后续将提请2025年年度股东会表决。若股权登记日前公司股本发生变动，将维持每股分配比例不变，并及时公告调整后的分配总额。
五、结语
拓荆科技此次分红方案兼顾发展与投资者回报，体现公司对研发投入和长期竞争力的重视。投资者应关注后续股东大会表决结果及公司未来研发成果落地情况。
免责声明： 本文基于公司公告公开资料整理，仅供投资者参考，不构成任何投资建议。投资有风险，决策需谨慎。
English Version
Topjing Technology Announces 2025 Dividend Plan: RMB 3.30 Cash Dividend per 10 Shares
Key Highlights
- Cash dividend of RMB 3.30 per 10 shares (pre-tax), no bonus shares, no capital reserve conversion.
- Dividend base is the total share capital on the record date, excluding shares held in the repurchase account.
- If share capital changes before the record date, the per-share dividend rate remains unchanged, but total payout adjusts accordingly.
- 2025 net profit attributable to shareholders: RMB 926.7 million, with total dividend payout of RMB 92.87 million, accounting for 10.02% of net profit.
- Plan must be approved at the 2025 Annual General Meeting before implementation.
- No risk warning signals as per STAR Market rules.
Dividend Details & Impact
As of announcement, total share capital is 282,693,012 shares, with 1,267,894 shares in the repurchase account, resulting in 281,425,118 shares as the base. Total planned cash dividend payout is RMB 92,870,288.94 (pre-tax), or 10.02% of 2025 net profit.
No bonus shares or capital reserve to share conversion—only cash dividend.
Reason for dividend payout ratio below 30%: The company is in a high R&D investment phase, requiring significant funds for product development, capacity expansion, business growth, and talent recruitment. Retained earnings will be used to enhance R&D and expand operations for long-term competitiveness and shareholder value.
Important Information and Potential Share Price Impact
- Dividend Record: Cumulative cash dividends over three years reached RMB 233.8 million, with a dividend ratio of 30.79%. R&D expenditure over the past three years was RMB 2.19 billion, 16.44% of cumulative revenue. The cash dividend policy complies with the company charter and regulatory requirements.
- Industry & Capital Needs: The company focuses on advanced semiconductor equipment, including PECVD, ALD, SACVD, HDPCVD, and 3D integration devices. The increasing complexity of chips drives the need for sustained high R&D investment.
- Performance: 2025 revenue estimated at RMB 6.52 billion (+58.87% YoY), net profit at RMB 926.7 million (+34.67% YoY). The company is expanding rapidly with robust financials.
- Governance & Decision Process: Dividend policy strictly follows legal/regulatory and company charter requirements. The dividend proposal will go to the 2025 AGM, with both on-site and online voting to facilitate minority shareholder participation.
- Risks: The plan won’t materially impact cash flow or operations but is subject to AGM approval. Investors should watch for related risks.
- Potential Share Price Impact: The relatively low payout ratio may spark market debate over capital allocation and growth strategy, especially amid heavy R&D investment. If R&D pays off, long-term valuation could benefit, but the short-term low dividend may cause some price volatility.
Next Steps
The plan was passed by the board on May 9, 2026 and will be submitted to the 2025 AGM. Should total share capital change before the record date, the per-share payout remains the same and the total payout will be updated and announced accordingly.
Conclusion
Topjing’s dividend plan balances development and shareholder returns, highlighting the company’s commitment to R&D and long-term competitiveness. Investors should monitor the upcoming AGM and future commercialization progress for R&D investments.
Disclaimer: This article is based on publicly available company disclosures for informational purposes and does not constitute investment advice. Investing carries risks; please make decisions prudently.
