五洲新春（603667）2025年度权益分派实施公告——详尽解读
一、公告要点概览
- 每股分红：每股派发现金红利0.12元（含税）。
- 分红总额：基于公司总股本383,151,922股，共计派发现金红利45,978,230.64元。
- 股权登记日：2026年6月11日
- 除权（息）日及红利发放日：2026年6月12日
- 差异化分红送转：否
- 分红方案通过会议：2026年5月18日召开的2025年年度股东会审议通过。
二、分配对象及实施办法
- 分派对象：截至股权登记日下午，登记在中国证券登记结算有限责任公司上海分公司名下的全体股东，均可参与分红。
- 红利发放渠道：
- 除部分自行发放对象外，其余股东的红利通过中国结算上海分公司资金清算系统派发，投资者可在其证券营业部领取。
- 未办理指定交易的股东，红利暂由中国结算上海分公司保管，待办理后再发放。
- 主要股东张峰、王学勇、浙江五洲新春集团控股有限公司、俞越蕾、曹希芹由公司直接发放。
三、税收政策详细说明
- 个人股东和证券投资基金：
- 持股超过1年：红利暂免征收个人所得税，实际每股派发0.12元。
- 持股1年及以内：公司暂不扣税，转让股票时，由证券公司代扣。具体税负：
- 持股1个月以内：全额纳税，税率20%；
- 持股1个月以上至1年（含1年）：暂减按50%计税，税率10%。
- 有限售条件流通股：解禁后按规定计税，解禁前暂减按50%计税，税后每股0.108元。
- QFII合格境外机构投资者：公司按10%代扣代缴企业所得税，税后每股0.108元。如需享受协定待遇，可自行申报。
- 沪股通投资者：公司按10%代扣税，税后每股0.108元人民币。
- 其他机构法人股东：公司不代扣企业所得税，实际派发0.12元/股，由机构自行申报纳税。
四、重要信息及投资者关注要点
- 分红实施时点明确：2026年6月12日是红利发放及除权（息）日，建议投资者关注该日前后的股价波动和权息调整。
- 分红力度较为稳健：此次分红总额达到4,597.82万元，显示公司具备一定盈利能力和现金流，利好持有者，但分红比例并不极高，需结合业绩和行业对比分析。
- 税收处理差异明显：持股期限及身份（个人、法人、QFII、沪股通）将影响实际到手红利，投资者应根据自身情况规划持股和税务安排。
- 分红方案通过表明公司治理规范：分红经过年度股东大会审议通过，保障中小股东权益，透明度较高。
- 对于短线投资者：因税收政策对短持有者较为不利，分红实际收益将被征收较高个人所得税，建议投资者注意持股成本与税负。
- 公司联系咨询渠道开放：投资者如有疑问，可通过公司证券部联系，电话0575-86339263。
五、潜在影响与投资建议
- 分红方案利好价值投资者：公司定期分红有助于吸引长期资金，提升公司估值稳定性，对股价形成一定支撑。
- 关注除权日价格波动：除权日后，股价理论上将下调分红金额，但实际表现还受市场情绪、业绩预期影响。短线投资者应关注流动性变化。
- 税收政策对投资回报有实质影响：建议投资者结合自身持股期限合理安排交易，优化税后收益。
六、结语
总体来看，五洲新春（603667）2025年度分红方案延续了公司稳定分红传统，显示公司现金流状况良好，有助于增强投资者信心。但分红比例一般，短期内对公司估值影响有限，投资者应结合公司业绩动态、行业对比和自身持股周期，理性评估投资价值。
免责声明：本文仅为公告详细解读，不构成任何投资建议。投资有风险，入市需谨慎。请投资者结合自身实际情况及专业意见做出决策。
English Version
Wuzhou Xinchun (603667) 2025 Annual Dividend Distribution Implementation Announcement – Detailed Breakdown
1. Key Highlights
- Dividend per share: RMB 0.12 (pre-tax).
- Total dividend: Based on total share capital of 383,151,922 shares, total cash dividend to be distributed is RMB 45,978,230.64.
- Record date: June 11, 2026
- Ex-dividend and dividend payment date: June 12, 2026
- Dividend not differentiated by share class; no bonus issue.
- Plan approved by: The 2025 annual shareholders’ meeting held on May 18, 2026.
2. Eligible Recipients and Implementation Details
- Recipients: All shareholders registered in the Shanghai branch of China Securities Depository and Clearing Corporation as of the record date are eligible for the dividend.
- Distribution channel:
- Except for a few major shareholders, dividends are distributed via the clearing system, and can be collected at the respective securities business outlets.
- For shareholders without designated trading, dividends are held in custody until designation is completed.
- Key shareholders (Zhang Feng, Wang Xueyong, Zhejiang Wuzhou Xinchun Group Holding Co., Ltd., Yu Yuele, Cao Xiqin) receive direct payment from the company.
3. Tax Policy Details
- Individual and fund shareholders (unrestricted shares):
- Holding period over 1 year: Dividend is temporarily exempt from personal income tax, net per share RMB 0.12.
- Holding 1 year or less: Tax not withheld at distribution, but withheld upon sale. Details:
- Held 1 month or less: taxed at 20%;
- Held more than 1 month up to 1 year: 50% taxable at 20%, effective rate 10%.
- Restricted shares: Tax as per the holding period after lifting restrictions; prior to unlocking, 50% taxable at 20%, net per share RMB 0.108.
- Qualified Foreign Institutional Investors (QFII): Company withholds 10% enterprise tax, net per share RMB 0.108; further treaty benefits may be self-applied by investors.
- Hong Kong Stock Connect investors: Company withholds 10% tax, net per share RMB 0.108.
- Other institutional/corporate shareholders: Company does not withhold taxes; institutions should handle tax declarations themselves, gross per share RMB 0.12.
4. Key Issues and Investor Considerations
- Key timetable: June 12, 2026 is both the ex-dividend and payment date; investors should watch for price adjustments and volatility around this date.
- Dividend scale: Total payout of RMB 45.98 million reflects solid earnings and cash flow, supportive of shareholder value, but the payout ratio is moderate.
- Tax impact varies: Depending on holding period and shareholder type, net dividend received will differ; investors are advised to plan accordingly.
- Governance transparency: The dividend plan was approved by the AGM, reflecting good corporate governance and protection of minority shareholders.
- Short-term holders: Due to tax policy, short-term holders face higher effective tax rates, reducing net return.
- Company contact: For inquiries, contact the company’s securities department at 0575-86339263.
5. Potential Impact & Investment Suggestions
- Dividend favorable for value investors: Regular dividends help attract long-term investors and support company valuation.
- Ex-dividend price movements: The stock price is expected to drop by the dividend amount on ex-dividend date, but actual movement depends on market sentiment and company outlook.
- Tax policy significantly affects returns: Investors should optimize holding periods and tax planning to maximize net returns.
6. Conclusion
Overall, Wuzhou Xinchun’s 2025 dividend distribution reflects stable financials and a commitment to shareholder returns, which may boost confidence and support share price. However, the payout ratio is moderate; investors should analyze in the context of company performance, industry benchmarks, and their own holding strategies.
Disclaimer: This article is a detailed interpretation of the official announcement and does not constitute investment advice. Investing involves risks, and investors are advised to make decisions based on their own circumstances and seek professional input where appropriate.
