山西汾酒2025年度权益分派实施公告：高额分红或将影响股价表现
要点概览
- 每股高额现金红利：2025年度，A股每股现金红利高达6.56元（含税），以总股本1,219,964,222股为基数，总计分红金额达到约80.03亿元人民币。
- 关键日期：
- 股权登记日：2026年7月30日
- 除权（息）日：2026年7月31日
- 现金红利发放日：2026年7月31日
- 分红方案已获股东大会审议通过：2026年6月16日，公司2025年度股东大会正式通过本次利润分配方案。
- 差异化分红送转：否。
详细解读
山西杏花村汾酒厂股份有限公司（证券代码：600809）于2026年7月27日发布2025年度权益分派实施公告，宣布将以2025年度末总股本为基数，每股派发高达6.56元的现金红利（含税），共计派发80.03亿元现金红利，为近年来A股市场规模较大的现金分红之一。
本次分红对象为截至2026年7月30日收市后，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。红利在2026年7月31日正式发放，届时投资者可在指定证券营业部领取现金红利（已办理指定交易的投资者）；未办理指定交易的投资者待办理后再领取红利。
企业大股东——山西杏花村汾酒集团有限责任公司及华创鑫睿（香港）有限公司的现金红利将由公司直接发放。
税务处理说明
- 个人股东及证券投资基金：
- 持股超过1年：股息红利所得暂免征收个人所得税，实际到手红利6.56元/股。
- 持股1年及以内：公司暂不扣税，红利6.56元/股，转让股票时根据持股期限补扣个人所得税。持股1个月以内，税负20%；1个月以上至1年，税负10%。
- 合格境外机构投资者（QFII）：公司按10%税率代扣代缴，实际到手红利5.904元/股，如需享受税收协定待遇，需自行向税务机关申请。
- 沪港通投资者：同样按10%税率代扣代缴，实际到手红利5.904元/股，相关税收协定优惠可自行办理。
- 其他机构投资者和法人股东：公司不代扣代缴企业所得税，实际到手红利6.56元/股。
对投资者的影响与投资提示
- 高分红比例彰显公司稳健盈利能力：每股6.56元的高额现金分红将显著提升公司股东回报，显示了公司强劲的盈利能力和充裕的现金流。
- 分红政策稳定，或提升市场信心：公司连续实施高比例现金分红，或将提升投资者对公司治理及未来业绩的信心，具备一定的股价催化效应。
- 关键日期需关注：未在股权登记日持有股份的投资者将无法享受本次红利，建议投资者合理安排持股时间。
- 税务处理细则影响实际收益：不同投资者类型到手红利金额存在差异，建议投资者提前了解相关税务政策，避免预期落差。
投资者咨询渠道
如对本次权益分派实施有疑问，可咨询公司董事会办公室，联系电话：0358-7329809。
结语
本次高额分红方案对山西汾酒的股价走势或有积极影响，投资者可重点关注公司分红政策和分红实施进度，合理安排投资策略。
免责声明：本文内容仅供参考，不构成任何投资建议。投资有风险，入市需谨慎。投资者应根据自身情况独立判断和决策。
English Version
Shanxi Fenjiu 2025 Dividend Distribution Plan: High Cash Payout May Impact Share Price
Key Highlights
- High Cash Dividend per Share: For 2025, A-shareholders will receive RMB 6.56 (pre-tax) per share. Based on the total share capital of 1,219,964,222 shares, the total cash dividend reaches approximately RMB 8.003 billion.
- Key Dates:
- Record Date: July 30, 2026
- Ex-dividend Date: July 31, 2026
- Dividend Payment Date: July 31, 2026
- Plan Approved by Shareholders’ Meeting: The 2025 dividend plan was approved at the annual shareholders’ meeting on June 16, 2026.
- No Differential Dividend or Bonus Issue.
Detailed Analysis
Shanxi Xinghuacun Fenjiu Distillery Co., Ltd. (SSE: 600809) announced on July 27, 2026, that it will distribute a cash dividend of RMB 6.56 (pre-tax) per share for the 2025 financial year, based on the total share capital as of year-end. The total cash payout reaches an impressive RMB 8.003 billion, making it one of the largest cash dividends in the A-share market in recent years.
The dividend targets all registered shareholders as of the close on July 30, 2026. Payment will be made on July 31, 2026. Investors who have completed “designated trading” can receive the dividend via their designated securities branches. Those who have not completed the process will have their dividends held in custody until the procedure is done.
Major shareholders, including Shanxi Xinghuacun Fenjiu Group Co., Ltd. and Huachuang Xinrui (Hong Kong) Limited, will receive their dividends directly from the company.
Tax Treatment Details
- Individual Shareholders and Securities Investment Funds:
- Held over 1 year: Dividend income is temporarily exempt from individual income tax; actual dividend received is RMB 6.56/share.
- Held 1 year or less: Company does not withhold tax. Dividend of RMB 6.56/share is paid, and tax is withheld upon share transfer. Less than 1 month: 20% tax; 1 month to 1 year: 10% tax.
- Qualified Foreign Institutional Investors (QFII): 10% withholding tax, actual dividend RMB 5.904/share. Tax treaties may apply upon individual application.
- Hong Kong Market Investors via Stock Connect: 10% withholding tax, actual dividend RMB 5.904/share. Eligible for treaty benefits upon self-application.
- Other Institutional and Corporate Shareholders: Company does not withhold corporate income tax. Actual dividend RMB 6.56/share.
Investor Impact and Key Reminders
- High Dividend Reflects Robust Profitability: The generous payout demonstrates strong earnings and cash flow, significantly benefiting shareholders.
- Stable Dividend Policy May Boost Market Confidence: Consistent high dividends may act as a catalyst for share price, reflecting solid corporate governance and positive outlook.
- Key Dates Matter: Only investors holding shares on the record date are entitled to the dividend. Plan your positions accordingly.
- Tax Details Affect Actual Returns: Final dividend received varies by investor type. Understand the applicable tax regulations to avoid surprises.
Investor Contact
For further inquiries, contact the Board Office at 0358-7329809.
Conclusion
This sizeable dividend payout is likely to have a positive impact on Shanxi Fenjiu’s share price. Investors are advised to monitor the dividend policy and execution closely and adjust their strategies accordingly.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investments carry risk. Please make decisions independently and prudently.
