四川明星电力2025年度权益分派公告：每股派发现金红利0.07元及税收政策详解

四川明星电力股份有限公司2025年度权益分派实施公告深度解读

2026年7月22日，四川明星电力股份有限公司（证券代码：600101，证券简称：明星电力）发布了2025年度权益分派实施公告，为公司股东带来了重要的分红信息。本文将为投资者详尽解读公告内容，并分析其对股价可能产生的影响。

一、公告核心要点

每股分配比例： A股每股现金红利0.07元（含税）。其中，个人股东和证券投资基金暂不扣缴个人所得税，待实际转让股票时按持股期限计算应纳税额。合格境外机构投资者（QFII）和香港市场投资者按10%税率代扣代缴所得税，税后每股派发现金红利0.063元。其他机构投资者和法人股股东所得税自行缴纳。
分红总额： 以实施前公司总股本547,862,471股为基数，共计派发现金红利38,350,372.97元（含税）。
重要日期：
- 股权登记日：2026年7月29日
- 除权（息）日：2026年7月30日
- 现金红利发放日：2026年7月30日
差异化分红送转： 本次分红不涉及差异化分红送转。
分红对象： 截至股权登记日下午，在中国证券登记结算有限责任公司上海分公司登记在册的全体股东。
红利发放方式： 无限售条件流通股股东红利通过中国结算上海分公司资金清算系统发放。部分大股东（国网四川省电力公司、遂宁兴业投资集团有限公司、遂宁市瑞隆企业管理有限公司）由公司自行发放。

二、税收政策详解

个人股东及证券投资基金： 派发现金红利时暂不扣缴个人所得税，待股票转让时按持股期限计算应纳税额。持股期限1个月以内，税率20%，实际派发0.056元/股；持股期限1个月以上至1年，税率10%，实际派发0.063元/股；持股超1年，免税，实际派发0.07元/股。
QFII： 按10%税率代扣代缴企业所得税，实际派发0.063元/股。如需享受税收协定待遇，可自行申请退税。
沪港通投资者： 按10%税率代扣代缴，实际派发0.063元/股。如属于其他国家税收居民且税收协定税率低于10%，可申请退税。
其他机构投资者和法人股： 所得税自行缴纳，实际派发0.07元/股。

三、分红实施细则

已办理指定交易的投资者可于红利发放日在其指定证券营业部领取现金红利，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，待办理指定交易后再进行派发。
投资者如有疑问，可向公司董事会办公室咨询，联系电话：0825-2210081。

四、对投资者及股价的潜在影响

稳定分红政策： 公司连续派发现金红利，体现出良好的盈利能力和对股东回报的重视，或增强市场对明星电力的信心。
税收政策变化： 持股时间影响实际获得的现金红利，投资者需注意持股期限以获得更高净收益。这对短期投机者可能有一定影响。
分红总额较大： 约3,835万元的现金分红有望提升公司股东的回报，可能对股价形成正向支持。
无差异化分红或送转： 分红方案简单透明，投资者关注点集中在现金红利发放及税收政策。

五、风险提示及免责声明

本公告为公司年度常规分红事项，虽能提升投资者回报，但分红金额及税收政策的变化可能影响投资者实际收益。投资者需结合自身持股情况及税收政策合理规划投资策略，分红不代表公司未来业绩保证，股价仍受市场、政策及公司经营等多重因素影响。

免责声明： 本文仅为公告解读与信息分析，不构成任何投资建议。投资者应结合自身情况与市场环境做出决策，风险自负。

Sichuan Mingxing Electric Power Co., Ltd. 2025 Annual Rights Distribution Implementation Announcement In-depth Analysis

On July 22, 2026, Sichuan Mingxing Electric Power Co., Ltd. (stock code: 600101, stock short name: Mingxing Electric Power) released its 2025 annual rights distribution implementation announcement. This article provides investors with a detailed interpretation of the announcement and analyzes potential impacts on share price.

Key Points of the Announcement

Per-share distribution ratio: Each A-share will receive a cash dividend of RMB 0.07 (inclusive of tax). Individual shareholders and securities investment funds will not have personal income tax withheld at the time of distribution. Tax will be calculated based on holding period when shares are actually transferred. Qualified Foreign Institutional Investors (QFII) and Hong Kong market investors face a 10% withholding tax, with a post-tax dividend of RMB 0.063 per share. Other institutional investors and corporate shareholders are responsible for their own tax payment.
Total dividend amount: Based on the pre-implementation total share capital of 547,862,471 shares, the total cash dividend distributed will be RMB 38,350,372.97 (inclusive of tax).
Important dates:
- Shareholder register date: July 29, 2026
- Ex-dividend date: July 30, 2026
- Cash dividend payment date: July 30, 2026
No differentiated dividend or bonus share: This round of dividend does not involve differentiated dividend or bonus shares.
Eligible recipients: All shareholders registered at China Securities Depository and Clearing Corporation (Shanghai branch) at the end of the register day.
Dividend payment method: Dividends for unrestricted tradable shareholders are paid via China Securities Depository and Clearing Corporation (Shanghai branch). Several major shareholders (State Grid Sichuan Electric Power Company, Suining Xingye Investment Group Co., Ltd., Suining Rui Long Enterprise Management Co., Ltd.) receive dividends directly from the company.

Tax Policy Details

Individuals and Securities Investment Funds: No personal income tax is withheld at the time of distribution. Tax is calculated based on holding period when shares are transferred. Holding period within 1 month: 20% tax rate, actual dividend RMB 0.056 per share; holding period over 1 month and up to 1 year: 10% tax rate, actual dividend RMB 0.063 per share; holding period over 1 year: exempt, actual dividend RMB 0.07 per share.
QFII: 10% withholding tax, actual dividend RMB 0.063 per share. If entitled to tax treaty benefits, shareholders may apply for a refund.
Hong Kong market investors: 10% withholding tax, actual dividend RMB 0.063 per share. Investors from other countries with a tax treaty rate lower than 10% may apply for a refund.
Other institutional investors and corporate shareholders: Responsible for their own tax payment, actual dividend RMB 0.07 per share.

Dividend Implementation Details

Investors who have completed designated trading can collect cash dividends at their designated securities business outlets on the payment date. Dividends for those who have not completed designated trading will be kept by China Securities Depository and Clearing Corporation and paid after designated trading is completed.
For inquiries, investors may contact the company board office at 0825-2210081.

Potential Impact on Investors and Share Price

Stable dividend policy: The company’s ongoing cash dividend distribution demonstrates strong profitability and commitment to shareholder returns, which may boost market confidence in Mingxing Electric Power.
Tax policy changes: Holding period affects actual net dividends received. Investors should pay attention to holding periods for optimal tax benefits, which may influence short-term traders.
Large total dividend: The RMB 38.35 million cash dividend is expected to enhance shareholder returns and may support share price.
No differentiated dividend or bonus share: The simple and transparent dividend plan focuses investor attention on cash dividend distribution and tax policy.

Risk Warning and Disclaimer

This announcement is a routine annual dividend matter for the company. While it enhances investor returns, changes in dividend amounts and tax policies may affect actual investor gains. Investors should plan their investment strategies based on their holding periods and tax policies. Dividend distribution is not a guarantee of future company performance, and share price remains subject to market, policy, and company operations.

Disclaimer: This article is for information interpretation and analysis only and does not constitute any investment advice. Investors should make decisions based on their own circumstances and market environment. Risks are borne by the investor.