上港集团发布2025年度利润分配方案及2026年中期利润分配授权公告
【上海，2026年4月1日】——上海国际港务（集团）股份有限公司（上港集团，600018.SH）于今日发布了2025年度利润分配方案与2026年中期利润分配授权的公告。公告内容详尽，涉及分红比例、分配基数、利润数据及未来分红政策授权等，对投资者具有重大参考意义。
一、2025年度利润分配方案亮点
- 每股分红比例： 拟每10股派发现金红利人民币1.45元（含税），即每股0.145元（含税）。
- 分红基数： 以实施权益分派股权登记日登记的总股本为基数。截至2025年12月31日，公司总股本为23,279,960,504股。
- 总分红金额： 按现有股本计算，合计拟派发现金红利人民币3,375,594,273.08元（含税）。如果分红登记日前总股本发生变动，每股分红金额保持不变，总分红金额相应调整。
- 年度现金分红总额： 包含已分配的2025年半年度现金红利人民币1,163,998,025.20元，全年现金分红总额人民币4,539,592,298.28元（含税），占2025年度归属于上市公司股东净利润的33.47%。
- 净利润情况： 2025年度实现归属于上市公司股东净利润为人民币13,564,589,175.03元，母公司实现净利润为8,397,462,405.80元，年末母公司未分配利润高达50,267,412,046.09元。
- 分红连续性： 近三年累计现金分红总额为13,084,331,421.37元，三年平均分红比例高达94.08%，持续高分红政策稳定。
二、2026年中期利润分配授权（潜在新利好）
- 分红频次增加： 董事会提议授权董事会在2026年中期（半年度或前三季度）具备条件时直接决定并实施利润分配，无需逐次召开股东会，有利于提升分红效率和投资者回报。
- 分红条件： 需当期合并报表归属于上市公司股东的净利润为正，累计未分配利润为正，且公司现金流可满足正常经营与持续发展需求。
- 分红上限： 现金分红总额不超过相应期间归属于上市公司股东的净利润。
- 授权期限： 自2025年年度股东大会通过之日起，至2026年年度股东大会召开之日止。
三、股东及投资者需重点关注事项
- 高分红延续： 公司维持高比例现金分红，且披露未来中期分红授权，投资者分红预期增强，或对公司股价构成积极推动。
- 利润分配方案尚需股东大会审议通过： 投资者需关注后续股东会投票结果及实施时间。
- 公司未触及风险警示条件： 2025年度净利润、未分配利润均为正，未触及上交所风险警示条款，分红方案的实施不存在合规障碍。
- 不会对公司经营和现金流产生重大影响： 公司明确表示，分红方案充分考虑了经营发展、资金需求和股东回报，不影响正常经营和长期发展。
四、潜在股价影响与投资建议
本次公告延续了上港集团稳定高分红政策，并提出了中期利润分配授权，有望提升投资者分红回报预期和市场情绪。高分红政策的持续性、分红频次的提升以及充裕的未分配利润，为公司估值提供了坚实基础。投资者可关注后续股东会表决及分红实施进展，警惕短期市场波动风险。
免责声明： 本文仅为资讯整理与分析，不构成任何投资建议。投资有风险，决策需谨慎。请投资者关注公司后续公告及相关股东大会决议。
Shanghai International Port (Group) Co., Ltd. Announces 2025 Profit Distribution Plan and 2026 Interim Dividend Authorization
[Shanghai, April 1, 2026]—Shanghai International Port (Group) Co., Ltd. (SIPG, 600018.SH) today released its 2025 annual profit distribution plan and 2026 interim dividend authorization. The announcement covers dividend ratios, distribution basis, profit data, and future dividend policy authorization, making it a significant reference for investors.
I. Highlights of the 2025 Profit Distribution Plan
- Dividend per share: Proposed distribution of RMB 1.45 (tax inclusive) in cash dividends for every 10 shares, or RMB 0.145 per share.
- Distribution basis: The total share capital registered on the record date for the distribution will be used as the basis. As of December 31, 2025, the company had a total share capital of 23,279,960,504 shares.
- Total dividend amount: Based on the current share capital, a total cash dividend of RMB 3,375,594,273.08 (tax inclusive) is planned. Should the share capital change before the record date, the dividend per share remains unchanged, and the total payout will be adjusted accordingly.
- Total annual cash dividends: Including the interim dividend of RMB 1,163,998,025.20 already distributed for 2025, the total annual cash dividend will be RMB 4,539,592,298.28 (tax inclusive), accounting for 33.47% of the 2025 net profit attributable to shareholders.
- Net profit figures: In 2025, net profit attributable to shareholders reached RMB 13,564,589,175.03; net profit of the parent company was RMB 8,397,462,405.80, with undistributed profits at year-end totaling RMB 50,267,412,046.09.
- Consistent high dividends: Over the past three years, cumulative cash dividends have totaled RMB 13,084,331,421.37, with an average payout ratio of 94.08%, demonstrating a stable high dividend policy.
II. 2026 Interim Dividend Authorization (Potential New Catalyst)
- Increased dividend frequency: The board proposes to authorize the board to determine and implement interim dividends in 2026 (semi-annual or for the first three quarters) if conditions are met, without the need for a separate shareholder meeting. This could further enhance payout efficiency and investor returns.
- Distribution conditions: The company must report positive net profit attributable to shareholders and positive cumulative undistributed profits, with sufficient cash flow to support ongoing operations and development.
- Dividend ceiling: Interim cash dividends will not exceed net profits attributable to shareholders for the relevant period.
- Authorization period: From the approval of the 2025 annual general meeting until the 2026 annual general meeting.
III. Key Points for Shareholders and Investors
- Continued high dividend policy: The company maintains a high cash payout ratio and has disclosed future interim dividend authorization, reinforcing dividend expectations and potentially supporting the share price.
- Dividend plan subject to shareholder approval: Investors should monitor the outcome of the upcoming shareholders’ meeting and the exact implementation timeline.
- No risk alert conditions triggered: With positive net profits and undistributed profits, the company has not triggered any risk alert clauses under exchange rules, so there are no regulatory obstacles to dividend implementation.
- No material impact on business and cash flow: The company states the payout plan considers business development, funding needs, and shareholder returns, and will not affect normal operations or long-term development.
IV. Potential Impact on Share Price and Investment Advice
This announcement continues SIPG’s stable high dividend policy and introduces interim dividend authorization, likely to enhance investor dividend expectations and market sentiment. The sustainability of high dividends, increased frequency, and ample undistributed profits provide a solid foundation for valuation. Investors should watch for shareholder meeting results and payout implementation, while remaining alert to short-term market fluctuations.
Disclaimer: This article is for information and analysis only and does not constitute investment advice. Investments carry risks—please make decisions cautiously and monitor the company’s follow-up announcements and shareholder resolutions.
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