甬金科技集团股份有限公司2025年度差异化分红法律意见详解
要点速览
- 公司实施差异化分红：因部分股份被公司以回购账户持有，这部分股份不参与利润分配，导致本次分红为“差异化分红”。
- 分红方案：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股份）为基数，每10股派发现金红利5元（含税）。
- 影响股份数及分红金额：截至2026年5月28日，公司总股本为365,618,230股，扣除回购专用账户持有的2,008,725股，实际参与分红的股数为363,609,505股，合计拟派发现金红利总额为181,804,752.5元（含税）。
- 对除权除息价格的影响极小：差异化分红对除权除息参考价格的影响低于1%，几乎不影响股票价格。
- 法律合规性确认：本次差异化分红事项符合公司法、证券法、上交所相关规定及公司章程，无损害公司及全体股东利益情形。
分红背景及原因
甬金科技集团股份有限公司于2022年11月3日启动股份回购计划，回购资金总额不低于5,000万元、不超过10,000万元，回购价格上限为43.43元/股，回购期限为3个月。回购股份存放于回购专用证券账户。
根据《上海证券交易所上市公司自律监管指引第7号——回购股份》的相关规定，回购专用账户中的股份不享有利润分配权等相关权利。因此，公司在2025年度利润分配时，需实施差异化分红，回购专用账户股份不参与现金红利分配。
分红方案的具体内容
- 分红基数：以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为基数。
- 分红比例：每10股派发现金红利5元（含税）。如登记日之间公司总股本因回购股份变动，单股分配比例不变，总额随之调整。
分红计算依据与影响分析
- 截至2026年5月28日，公司总股本365,618,230股，回购专用账户2,008,725股，实际应分配股本为363,609,505股。
- 现金红利总额为181,804,752.5元（含税）。
- 以2026年5月28日公司股票收盘价20.86元/股计算，除权除息参考价为20.36元/股。差异化分红对除权除息参考价格影响为0，低于1%。
- 公司本次分红无资本公积金转增股本和送红股，流通股份不变。
对股东和股价的潜在影响
- 回购股份不参与利润分配，导致分红基数略有减少，但分红比例不变。
- 对除权除息价格影响极小，不足以对股价造成显著波动。
- 本次分红方案合规，有助于保障全体股东利益。
法律意见结论
北京德恒（杭州）律师事务所出具的法律意见书明确认为，甬金科技本次差异化分红事项完全符合《公司法》《证券法》《上海证券交易所上市公司自律监管指引第7号——回购股份》以及公司章程的相关规定，不存在损害上市公司和全体股东利益的行为。
投资者须知
- 本次差异化分红方案系因公司回购股份所致，符合监管要求，分红比例稳定。
- 对公司股价的直接影响非常有限，主要是对分红基数的技术性调整。
- 后续如公司总股本因回购股份变动，将相应调整分配总额，分红比例不变。
免责声明
本文基于甬金科技集团股份有限公司公开披露的法律意见书信息整理，仅供投资者参考，不构成任何投资建议。投资者应结合自身实际情况，谨慎决策。本文内容如有与公司公告内容不符之处，以公司公告为准。
Yongjin Technology Group Co., Ltd. 2025 Differential Dividend Legal Opinion Detailed Analysis
Key Points Overview
- Differential Dividend Implementation: Some shares are held in the company’s repurchase account and do not participate in profit distribution, resulting in a “differential dividend.”
- Dividend Plan: Based on the total share capital registered on the equity registration date (excluding shares in the repurchase account), a cash dividend of 5 RMB (tax included) will be distributed for every 10 shares.
- Shares & Dividend Amount: As of May 28, 2026, the total share capital is 365,618,230 shares. After deducting 2,008,725 shares in the repurchase account, the actual shares participating in the dividend are 363,609,505, totaling a cash dividend of 181,804,752.5 RMB (tax included).
- Minimal Impact on Ex-Dividend Reference Price: The impact of the differential dividend on the ex-dividend reference price is less than 1% and will have negligible effect on the stock price.
- Legal Compliance: The differential dividend is in compliance with the Company Law, Securities Law, relevant SSE regulations, and the company’s articles, with no harm to the company or shareholders’ interests.
Background & Rationale
Yongjin Technology initiated a share repurchase plan on November 3, 2022, with a repurchase amount of no less than RMB 50 million and no more than RMB 100 million, at a price up to RMB 43.43/share, for three months. Repurchased shares are held in a dedicated account.
According to SSE regulations, shares in the repurchase account do not enjoy profit distribution or related rights. As a result, the company’s 2025 profit distribution will implement differential dividend, excluding repurchased shares from the cash dividend.
Dividend Plan Details
- Dividend Base: Based on total registered share capital on the equity registration date, excluding shares in the repurchase account.
- Dividend Ratio: RMB 5 (tax included) for every 10 shares. If total share capital changes due to repurchases before the registration date, the per-share ratio remains unchanged and the total amount is adjusted accordingly.
Calculation & Impact Analysis
- As of May 28, 2026, total share capital is 365,618,230 shares, with 2,008,725 shares in the repurchase account, resulting in 363,609,505 shares eligible for dividends.
- Total cash dividend: RMB 181,804,752.5 (tax included).
- Based on the closing price of RMB 20.86/share on May 28, 2026, the ex-dividend reference price is RMB 20.36/share. The impact of the differential dividend on the reference price is 0, less than 1%.
- No bonus shares or capital reserve transfers; the number of tradable shares remains unchanged.
Potential Impact on Shareholders and Stock Price
- Repurchased shares do not participate in dividends, slightly reducing the dividend base but maintaining the dividend ratio.
- Minimal impact on ex-dividend price, unlikely to cause significant stock price fluctuations.
- The plan is compliant and helps protect shareholder interests.
Legal Opinion Conclusion
The legal opinion issued by DeHeng (Hangzhou) Law Firm confirms that the differential dividend fully complies with the Company Law, Securities Law, SSE regulations, and the company’s articles, without harming the company or shareholders.
Investor Notice
- The differential dividend plan is due to the company’s share repurchase, in line with regulatory requirements, and the dividend ratio is stable.
- Direct impact on the stock price is very limited; the main change is a technical adjustment to the dividend base.
- If total share capital changes due to future repurchases, the total dividend amount will be adjusted accordingly, but the per-share ratio stays the same.
Disclaimer
This article is based on the publicly disclosed legal opinion from Yongjin Technology Group Co., Ltd. and is for investor reference only. It does not constitute investment advice. Investors should make decisions based on their own circumstances. If there are discrepancies between this article and the company’s official announcements, the official announcements shall prevail.