南山铝业（600219）公布2025年度权益分派实施公告：现金分红超15亿元，差异化分红方案引关注
要点梳理
- 分红方案通过：南山铝业2025年度利润分配方案于2026年4月16日年度股东大会审议通过。
- 现金分红比例高：每股派发现金红利0.136元（含税），以实施权益分派股权登记日总股本11,483,701,559股，扣除回购专用账户持有的27,619,600股后，实际分红基数为11,456,081,959股。
- 总分红金额：本次共计派发现金红利1,558,027,146.42元（含税），对比公司整体盈利能力具有较高分红率，显示公司现金流充足和对股东回报重视。
- 差异化分红实施：公司实施差异化分红，即部分股份不参与分红（回购专用账户股份），控股股东南山集团及一致行动人怡力电业有限公司所持股由公司直接发放红利。
- 重要日期：
- 股权登记日：2026年5月19日
- 除权除息日：2026年5月20日
- 现金红利发放日：2026年5月20日
- 除权除息参考价格：除权参考价调整公式为“前收盘价-0.1357元/股”，投资者需关注除权日价格波动。
- 税务政策细节：
- 自然人股东及证券投资基金：分红暂不扣税，转让时根据持股期限计税（持股1月以内20%，1月-1年10%，超1年免税）。
- 港股通投资者及QFII：公司代扣代缴10%税率，税后每股派发0.1224元。
- 其他机构及法人股东：不代扣企业所得税，需自行纳税。
- 价格与比例调整：
- 控股股东南山集团的可交换公司债券将根据分红等情况调整换股价格，投资者需关注后续公告。
- 公司回购股份价格上限将在权益分派后按证监会与交易所规定调整，具体细节待后续公告。
- 咨询渠道：公司证券部提供电话咨询（0535-8616188, 0535-8666352）。
投资者重要关注事项及可能影响股价的因素
- 高额现金分红：本次分红金额超15亿元，分红比例较高，有望提振市场对公司现金流及股东回报的信心，利好股价。
- 差异化分红及税务政策：不同类型股东分红方式及税务处理细节需重点关注，特别是港股通及QFII投资者税后红利差异，可能影响机构投资者持股决策。
- 除权除息价格调整：除权日股价将直接调整，投资者需关注短期价格波动和除权参考价。
- 可交换债券换股价格调整：控股股东南山集团发行的可交换公司债券换股价格将因分红等调整，可能影响相关债券及公司股票的市场表现。
- 股份回购价格上限调整：若公司后续继续回购股份，回购价格上限将调整，涉及公司资本运作策略。
分红实施详情
- 分红对象：股权登记日下午在中国结算上海分公司登记在册的全体股东。
- 发放方式：无限售条件流通股红利委托中国结算上海分公司通过资金清算系统发放，控股股东及一致行动人由公司直接发放，回购专用账户股份不参与分红。
- 税务说明：分红税收政策详见公告，具体个人所得税根据持股期限及股东类型差异化处理。
结论
南山铝业本次年度分红方案分红金额高、方案细节充分，显示公司盈利能力和对股东回报重视。差异化分红与税务政策将影响不同股东的实际回报，除权参考价直接影响2026年5月20日开盘股价。控股股东可交换债券换股价及公司回购价格调整潜在影响公司资本运作及市场表现。建议投资者密切关注后续公告及除权日价格变化。
免责声明：本文仅为新闻报道及投资信息披露，内容不构成任何投资建议。投资者应根据自身情况和专业意见做出投资决策。公司公告及税务政策如有变动，请以官方公告为准。
Nanshan Aluminum (600219) Announces 2025 Annual Dividend Distribution: Over RMB 1.5 Billion Cash Dividend, Differentiated Dividend Scheme
Key Points
- Dividend Scheme Approved: The 2025 dividend distribution plan was approved at the 2026 annual shareholders’ meeting on April 16, 2026.
- High Cash Dividend Ratio: RMB 0.136 per share (pre-tax), based on total shares of 11,483,701,559, excluding 27,619,600 shares in the repurchase account, with actual dividend shares of 11,456,081,959.
- Total Dividend Payment: RMB 1,558,027,146.42 (pre-tax), demonstrating robust cash flow and strong shareholder returns.
- Differentiated Dividend Implementation: Some shares are excluded from dividend (repurchase account shares); controlling shareholder Nanshan Group and related party Yili Electric’s dividends will be directly paid by the company.
- Important Dates:
- Shareholder record date: May 19, 2026
- Ex-dividend date: May 20, 2026
- Dividend payment date: May 20, 2026
- Ex-dividend Reference Price: The ex-dividend reference price will be adjusted as “previous closing price – RMB 0.1357 per share,” investors should monitor price fluctuations.
- Tax Policy Details:
- Individual holders and funds: No tax withheld on dividend payout, tax determined upon share transfer based on holding period (within 1 month: 20%, 1 month–1 year: 10%, over 1 year: exempt).
- Hong Kong market investors and QFII: 10% tax withheld, post-tax dividend RMB 0.1224 per share.
- Other institutions and corporate shareholders: No corporate tax withheld, self-assessment required.
- Price and Proportion Adjustments:
- Nanshan Group’s exchangeable bond swap price will be adjusted based on dividend distribution. Investors should follow subsequent announcements.
- Company’s repurchase price cap will be adjusted post-dividend per regulatory guidance, details pending further announcements.
- Contact for consultation: Company securities department (0535-8616188, 0535-8666352).
Investor Focus & Potential Price-Sensitive Factors
- High Cash Dividend: Over RMB 1.5 billion dividend may bolster confidence in company cash flow and shareholder returns, positive for share price.
- Differentiated Dividend & Tax Policy: Dividend payment and tax differences for various shareholder types, especially for HK and QFII investors, may affect institutional holding decisions.
- Ex-dividend Price Adjustment: Share price will adjust directly on ex-dividend date; investors should expect short-term price fluctuations.
- Exchangeable Bond Swap Price Adjustment: Nanshan Group’s bond swap price adjustment could impact related bond and stock market performance.
- Share Repurchase Price Cap Adjustment: Further repurchase activities may impact capital operation strategy.
Dividend Implementation Details
- Dividend Recipients: All shareholders registered with Shanghai Clearing after record date.
- Distribution Method: Dividends distributed via Shanghai Clearing’s fund system for unrestricted shares; controlling shareholders and related parties directly by company; repurchase account shares excluded.
- Tax Notes: Dividend tax policy detailed in announcement; actual personal tax based on holding period and shareholder type.
Conclusion
Nanshan Aluminum’s annual dividend plan demonstrates strong profitability and shareholder returns. Differentiated dividend and tax details affect actual returns for various shareholders. Ex-dividend reference price will impact opening price on May 20, 2026. Exchangeable bond swap price and repurchase price cap adjustments may affect capital operation and market performance. Investors are advised to monitor subsequent announcements and price changes on ex-dividend date.
Disclaimer: This article is for news reporting and investment information disclosure only, and does not constitute investment advice. Investors should make decisions based on their own circumstances and professional opinions. Please refer to official announcements for updated dividend and tax policies.
