华阳集团发布2025年度利润分配预案，现金分红比例高达33.58%

【2026年3月28日，惠州】 惠州市华阳集团股份有限公司（证券代码：002906）于2026年3月26日召开的第五届董事会第四次会议审议通过了《2025年度利润分配预案》。该预案已由董事会通过，尚需提交2025年年度股东大会审议。

关键要点总结

• 分红基准年度：2025年度
• 现金分红方案：以实施分配方案时股权登记日的可参与利润分配的股本为基数，向全体股东每10股派发现金股利5.00元（含税），不送红股，不以资本公积金转增股本，剩余未分配利润结转以后年度分配。
• 总分红规模：以当前总股本524,919,041股测算，分红总额为262,459,520.50元（含税）。
• 分红占净利润比例：2025年度现金分红总额占归属于母公司股东净利润的33.58%。
• 业绩表现：2025年度公司合并报表实现归属于母公司股东的净利润为781,606,516.73元，母公司实现净利润182,551,293.57元。
• 未分配利润充裕：2025年末，合并报表累计未分配利润为3,867,646,044.25元，母公司报表累计未分配利润为881,437,841.71元。
• 连续高分红政策：2023-2025年三年累计现金分红及回购注销总额为698,263,086.32元，占三年平均净利润的110.38%，大大高于监管要求。
• 未触及风险警示：公司利润分配方案未触及《深圳证券交易所股票上市规则》第9.8.1条第（九）项规定的其他风险警示情形。
• 分红方案灵活调整：若因可转债转股、股份回购、股权激励行权、再融资新增股份等导致总股本变动，分配基数将做相应调整。

投资者需关注的重要事项

• 高分红比例或提振股价： 华阳集团2025年度依然坚持高比例现金分红政策，显示公司现金流充裕、盈利能力稳健、股东回报意愿强烈，可能对公司股价形成正面推动。
• 持续分红能力： 公司三年累计分红远超年均净利润30%的监管红线，有望持续吸引长期价值投资者关注，提升公司投资价值。
• 剩余利润结转： 本次分红后仍有大量未分配利润，公司未来仍有较强分红能力和资金调配灵活性。
• 分红基准日尚未确定： 现金分红的具体发放基准日将以实施时的股权登记日为准，因总股本可能因公司后续资本运作发生调整，实际分红金额将随之调整。
• 无股份回购计划： 2025年度公司未进行股份回购，分红回购总额全部来自现金分红。
• 分红政策合理稳健： 公司财务结构健康，现金类金融资产占总资产比例极低，无大规模高风险投资，分红政策具有可持续性。

财务及监管合规性

公司2025年度利润分配预案严格依据《公司法》《公司章程》及监管指引执行，分红政策充分考虑了公司经营业绩、现金流状况、未来发展规划及股东回报，未损害中小股东利益，且不涉及其他风险警示事项，符合上市公司健康、稳定、可预期的投资回报要求。

结语

华阳集团本次公布的高比例现金分红方案，彰显了公司强大的盈利能力与对股东利益的高度重视，有望吸引更多价值投资者关注，对公司市值或将形成利好支撑。建议投资者持续关注后续股东大会审议及实际分红实施进展。

免责声明：本文内容基于华阳集团公开披露的公告文件整理，仅供投资参考，不构成任何投资建议。投资有风险，入市需谨慎。

English Version

Huayang Group Announces 2025 Dividend Plan: High Payout Ratio of 33.58%

[Huizhou, March 28, 2026] Huizhou Huayang Group Co., Ltd. (Stock Code: 002906) announced that on March 26, 2026, its fifth Board of Directors’ fourth meeting reviewed and approved the “2025 Profit Distribution Plan.” This plan has been passed by the Board and is pending review at the company’s 2025 Annual General Meeting.

Key Highlights

• Dividend Base Year: 2025
• Dividend Scheme: Cash dividend of RMB 5.00 (tax inclusive) per 10 shares to all shareholders based on the shareholding on the record date; no bonus shares, no capital reserve to share capital conversion. Remaining undistributed profits will be carried forward.
• Total Dividend: Based on the current share capital of 524,919,041 shares, the total dividend is estimated at RMB 262,459,520.50 (tax inclusive).
• Payout Ratio: The cash dividend accounts for 33.58% of net profit attributable to shareholders in 2025.
• Performance: 2025 net profit attributable to shareholders: RMB 781,606,516.73; Parent company net profit: RMB 182,551,293.57.
• Ample Undistributed Profits: As of end-2025, consolidated undistributed profits: RMB 3,867,646,044.25; Parent company: RMB 881,437,841.71.
• Consistent High Dividend Policy: Cumulative dividends and share buyback for 2023-2025 total RMB 698,263,086.32, accounting for 110.38% of average net profit over three years—well above regulatory requirements.
• No Risk Alerts Triggered: The distribution plan does not trigger any other risk warning under Shenzhen Stock Exchange Listing Rules 9.8.1(9).
• Flexible Adjustment: Should total share capital change due to convertible bonds, share buybacks, equity incentives, or additional share listings, the payout will be adjusted accordingly.

Key Information for Investors

• High Dividend May Boost Share Price: The ongoing high payout policy demonstrates strong cash flow, stable profitability, and a solid commitment to shareholder returns, which could positively impact the share price.
• Sustainable Dividend Capacity: Three-year cumulative dividends far exceed the 30% regulatory threshold, likely attracting long-term value investors and enhancing company investment value.
• Surplus Retained Earnings: Ample undistributed profits remain after this dividend, providing flexibility for future payouts and business operations.
• Record Date Not Set: Actual dividend implementation and payout amount will be based on the shareholding as of the record date, subject to change if the total share capital is adjusted due to company actions.
• No Share Buyback in 2025: The total payout for 2025 is entirely from cash dividends.
• Prudent and Reasonable Policy: The company’s financial structure is sound, with low risk from cash and financial assets, ensuring dividend policy sustainability.

Financial and Regulatory Compliance

The 2025 profit distribution plan strictly abides by the Company Law, Articles of Association, and regulatory guidelines, balancing business performance, cash flow, growth plans, and shareholder returns. It does not harm minority shareholders and does not trigger any risk warnings, supporting a healthy, stable, and predictable investment return for shareholders.

Conclusion

Huayang Group’s high cash dividend plan highlights its robust profitability and strong commitment to shareholder value. This could attract more value-focused investors and provide positive support to the company’s market value. Investors are advised to closely follow the upcoming shareholder meeting and dividend implementation process.

Disclaimer: This article is based on Huayang Group’s publicly disclosed documents and is for reference only. It does not constitute investment advice. Investment involves risks—please make decisions cautiously.

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