金宏气体2025年度利润分配及差异化权益分派，回购与注销股份细节披露
2026年4月20日，金宏气体股份有限公司（以下简称“金宏气体”或“公司”）召开2025年年度股东大会，通过了2025年度利润分配方案，并对涉及差异化权益分派的相关事项进行了详细披露。此次分红方案及股份回购、注销安排，对投资者权益及公司股份结构有重要影响，值得投资者密切关注。
一、利润分配方案要点
- 2025年度归属于母公司股东的净利润为131,924,677.64元。
- 截至2025年12月31日，公司母公司报表期末未分配利润为789,823,786.34元。
- 公司拟以实施权益分派股权登记日登记的总股本扣减回购专用证券账户中股份为基数，向全体股东每10股派发现金红利2.50元（含税），不进行转增、不送红股。
- 如在股权登记日前因可转债转股、回购股份、股权激励授予股份回购注销、重大资产重组股份回购注销等导致总股本发生变动，将维持每股分配比例不变，并相应调整分配总额。
二、回购股份及注销安排
- 公司自2021年至2025年多次实施股份回购，累计回购股份如下：
- 2021年9月3日完成回购5,680,000股，2024年9月25日已注销。
- 2024年7月23日完成回购2,364,249股。
- 2025年2月12日完成回购2,465,747股。
- 预计在2025年度利润分配实施前，回购专用账户共持有4,829,996股，这部分股份将不参与利润分配。
- 公司已将部分回购股份由“用于员工持股计划或股权激励”调整为“用于注销并减少注册资本”，并已完成相关股份注销。
三、差异化权益分派及特殊除权除息处理
- 根据《上市公司股份回购规则》，回购专用账户内股份自过户起即不再享有股东会表决权、利润分配、公积金转增股本、认购新股或可转债等权益。
- 2025年度利润分配时，总股本为535,384,888股，实际参与利润分配的股本为530,554,892股。
- 除权除息参考价格根据实际及虚拟分派均计算，影响极小（约0.0049%），股东实际获得的每股分红额度不受影响。
四、投资者需关注的关键点及潜在股价影响因素
- 回购股份注销减少总股本，对每股收益及未来分红可能有正面推动作用。
- 回购股份不参与分红，导致实际分红股本减少，或提升分红密度。
- 本次差异化权益分派对除权除息参考价影响极小，不会造成市场价格剧烈波动。
- 公司利润分配政策稳定，持续现金分红，反映公司发展稳健、股东回报意识强。
- 回购股份注销及注册资本减少，显示公司优化资本结构、提升股东价值的决心。
五、保荐人核查结论
- 本次差异化权益分派符合法律法规及交易所规则要求，不存在损害公司及全体股东利益情形。
- 保荐机构对本次事项无异议。
总结
本次利润分配及差异化权益分派方案，以及回购股份注销安排，显示金宏气体持续关注股东回报和公司治理规范。回购股份注销有助于提升每股收益和分红密度，或对股价形成正面支撑。建议投资者密切关注公司后续公告及实施进展。
免责声明： 本文内容仅供投资者参考，不构成任何投资建议。投资有风险，入市需谨慎。
Jinhong Gas 2025 Dividend Distribution & Share Buyback: Detailed Analysis for Investors
On April 20, 2026, Jinhong Gas Co., Ltd. (“Jinhong Gas” or “the Company”) held its 2025 Annual General Meeting, approving the 2025 profit distribution plan and disclosing details regarding differentiated equity distribution. These arrangements for cash dividends, share buybacks, and cancellations have significant implications for shareholder interests and company share structure, making them important for investors to watch closely.
1. Key Points of the Profit Distribution Plan
- Net profit attributable to parent company shareholders in 2025: RMB 131,924,677.64.
- Undistributed profit at the end of 2025: RMB 789,823,786.34.
- The Company intends to distribute a cash dividend of RMB 2.50 (tax inclusive) per 10 shares to all shareholders, based on the total share capital registered on the equity record date minus shares in buyback accounts. No bonus shares or capital increases will be made.
- If there are changes in total share capital due to convertible bond conversion, buybacks, equity incentives, or major asset reorganizations before the record date, the per-share distribution ratio will remain unchanged, with the total amount adjusted accordingly.
2. Share Buyback and Cancellation Details
- From 2021 to 2025, the Company conducted multiple share buybacks:
- September 3, 2021: 5,680,000 shares repurchased, cancelled on September 25, 2024.
- July 23, 2024: 2,364,249 shares repurchased.
- February 12, 2025: 2,465,747 shares repurchased.
- By the time of the 2025 dividend distribution, a total of 4,829,996 shares in the buyback account will not participate in the distribution.
- Some buyback shares originally planned for employee incentives have been re-designated for cancellation and capital reduction, with cancellation completed.
3. Differentiated Equity Distribution and Special Ex-Rights/Ex-Dividend Treatment
- According to regulations, shares held in buyback accounts lose shareholder rights, including voting, dividends, and rights to new shares or convertible bonds, upon transfer to the special account.
- At the time of the 2025 distribution, total share capital will be 535,384,888 shares, with 530,554,892 shares eligible for dividend distribution.
- The impact of differentiated equity distribution on reference ex-rights/ex-dividend prices is minimal (about 0.0049%), with shareholders’ per-share dividend unaffected.
4. Key Points for Investors & Potential Share Price Impact
- Cancellation of buyback shares reduces total share capital, potentially boosting EPS and future dividends per share.
- Buyback shares do not participate in dividends, effectively increasing dividend density for remaining shares.
- The impact on ex-dividend reference price is negligible, unlikely to cause significant market volatility.
- Stable dividend policy and continuous cash payouts signal a healthy company and strong shareholder return commitment.
- Buyback and cancellation actions demonstrate the Company’s intent to optimize capital structure and enhance shareholder value.
5. Sponsor’s Review Conclusion
- The differentiated equity distribution is compliant with all laws and rules, with no harm to the Company or shareholders’ interests.
- The sponsor raises no objections to the matter.
Summary
Jinhong Gas’s profit distribution, differentiated equity plan, and share buyback/cancellation initiatives reflect a consistent focus on shareholder returns and sound governance. Share cancellations help improve EPS and dividend density, potentially supporting the share price. Investors should follow further announcements and implementation progress closely.
Disclaimer: The above is for investor reference only and does not constitute investment advice. Investing involves risks. Please proceed with caution.
