华升股份发布2025年度利润分配预案，拟实施现金分红

湖南华升股份有限公司（600156.SH）于2026年3月14日发布了关于2025年度利润分配预案的公告。董事会及全体董事承诺公告内容真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏。

报告要点概览

• 每10股派发现金红利0.1元（含税），以实施权益分派股权登记日登记的总股本为基数。
• 按照截至公告日的总股本402,110,702股计算，本次拟分配现金红利总额为4,021,107.02元（含税）。
• 本次分配不实施资本公积转增股本，也不送红股。
• 2025年实现归属于母公司的净利润为-3,521.62万元，母公司报表期末未分配利润为4,621.13万元。
• 公司表示，将维持每股分配比例不变，如总股本发生变动，将相应调整分配总额并另行公告。
• 利润分配预案尚需提交公司股东大会审议通过后方可实施。

对股东和投资者的重要信息

• 持续亏损但仍实施分红：2025年归母净利润为-3,521.62万元，2024年为-4,933.60万元，2023年则为盈利2,102.31万元。尽管公司连续两年净利润为负，但依旧提出现金分红方案，显示公司对股东回报的重视及分红政策的稳定性。
• 累计三年分红低于5000万元：最近三个会计年度累计现金分红总额为8,042,214.04元，显著低于5000万元，显示公司分红能力有限，且现金分红比例未达到30%。此项信息对投资者判断公司分红政策的持续性及未来潜力具有重要参考价值。
• 不存在触及其他风险警示情形：公司未触及上海证券交易所《股票上市规则》第9.8.1条第一款第（八）项规定的其他风险警示情形，即当前无被实施其他风险警示的风险。
• 分红对公司运营影响有限：公司表示本次利润分配方案不会对经营现金流产生重大影响，也不会影响公司正常运营与长期发展。

分红实施程序与后续安排

• 2026年3月12日，公司召开第九届董事会第二十六次会议，审议通过了2025年度利润分配预案，将提交股东大会审议。
• 权益分派的股权登记日及分红实施的具体日期将在后续公告中明确。若实施前公司总股本发生变化，将维持每股分配比例不变，但调整分配总额并另行公告。

投资者须知与潜在影响

• 分红对股价的影响：公司在连续亏损背景下依然实施分红，有助于提升投资者信心，提升持股回报感，但分红金额有限，难以根本改变公司估值。若市场对分红政策稳定性有较高预期，或可短期提振股价，但长期走势仍将取决于公司主营业务恢复与盈利能力改善。
• 风险提示：本次分红预案尚需股东大会审议通过，结果存在不确定性。投资者需理性判断，关注公司后续业绩及政策变化。

免责声明： 本文内容基于公司2025年度利润分配预案公告整理，仅供参考，不构成任何投资建议。投资者据此操作，风险自负。

HuaSheng Co. Releases 2025 Dividend Plan: To Pay Cash Dividends Despite Losses

Hunan Huasheng Co., Ltd. (600156.SH) announced its 2025 dividend distribution plan on March 14, 2026. The Board of Directors guarantees the truthfulness, accuracy, and completeness of the announcement.

Key Points

• Cash dividend of RMB 0.1 per 10 shares (tax included), based on the total share capital registered on the equity registration day for the distribution.
• Based on the current total share capital of 402,110,702 shares, the total planned cash dividend is RMB 4,021,107.02 (tax included).
• No bonus shares, nor capital reserve to equity conversion in this distribution.
• Net profit attributable to the parent company for 2025 is RMB -35.22 million; undistributed profit at year-end stands at RMB 46.21 million.
• The per-share distribution ratio will remain unchanged should the share capital change before the registration date; the total amount will be adjusted and announced accordingly.
• The dividend plan needs approval at the shareholders’ meeting before implementation.

Important Information for Shareholders and Investors

• Profit Losses Yet Dividend Plan: Despite net losses for both 2025 and 2024, the company still proposes a cash dividend, emphasizing commitment to shareholder returns and policy stability.
• Three-year Cumulative Dividend Below RMB 50 Million: The total cash dividend over the past three years is only RMB 8.04 million, well below RMB 50 million, reflecting limited dividend capacity.
• No Additional Risk Warning: The company is not subject to other risk warning situations under the Shanghai Stock Exchange listing rules.
• Limited Impact on Operations: The company claims the proposed dividend will not significantly affect cash flow or normal business operations.

Implementation Procedures and Follow-up

• On March 12, 2026, the company’s board approved the plan, which will be submitted to the shareholders’ meeting for approval.
• Specific dates for registration and dividend distribution will be announced later. The total dividend will be adjusted if the share capital changes before implementation.

Potential Share Price Impact and Investor Note

• Impact on Share Price: Proposing a dividend despite losses may boost investor confidence and the stock price in the short term, but the small dividend is unlikely to change the company’s valuation fundamentally. Long-term performance will depend on operational recovery and profitability improvement.
• Risk Warning: The dividend plan is subject to approval at the shareholders’ meeting, with inherent uncertainty. Investors should remain rational and track company developments.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors act at their own risk.

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