龙源电力集团股份有限公司2025年度利润分配方案详解

主要内容概述

龙源电力集团股份有限公司（证券代码：001289，证券简称：龙源电力）于2026年3月31日召开第六届董事会2026年第1次会议，审议并通过了《关于龙源电力集团股份有限公司2025年度利润分配方案的议案》。此次分配方案尚需提交股东大会进一步审议。

利润分配方案详情

• 2025年度归属于母公司股东净利润： 按中国会计准则，净利润为人民币4,526,216,814.09元；按国际财务报告准则为人民币4,637,935,313.33元。公司采用中国会计准则净利润作为分配基准。
• 可供分配利润： 截至2025年末，母公司报表期末未分配利润为人民币22,999,714,035.18元，合并报表期末未分配利润为人民币48,575,075,492.58元。
• 分配比例及总金额： 2025年度拟分配利润总金额为母公司净利润的30%，即人民币1,358,470,126.65元。
• 分红方案：
  • 以公司总股本8,359,816,164股为基数，2025年度拟派发现金股息每10股1.6250元（税前）。
  • 其中，2025年已向全体股东派发中期现金股息每10股1元（税前），中期股息金额为835,981,616.40元；本次拟派发末期现金股息每10股0.6250元（税前），末期股息金额为522,488,510.25元。
• 如公司总股本发生变化： 若在权益分派股权登记日之前公司发生增发或回购等情况，将根据实际总股本调整每股分红金额，确保分配总金额不超过人民币522,488,510.25元（税前）。
• 年度累计现金分红总额： 2025年度累计现金分红总额为人民币1,358,470,126.65元，占2025年度合并报表归属于母公司股东净利润比例为30.01%，占可分配利润比例约31.53%。
• 历史分红与回购：
  • 2024年度现金分红总额为1,904,366,122.16元，回购注销总额为111,893,507.17元。
  • 2023年度现金分红总额为1,860,113,479.00元，无回购注销。
  • 最近三年累计现金分红总额为5,122,949,727.81元，累计回购注销总额为111,893,507.17元。
  • 三年平均归属于上市公司股东的净利润为5,706,930,515.09元。
• 公司分红政策合规性： 分红比例和金额符合中国证监会、深圳证券交易所及公司章程的相关规定，未触及风险警示条款。
• 公司未实施股份回购： 2025年度未实施股份回购。
• 公司财务稳健： 2024、2025年度经审计的金融资产等项目占总资产比例仅为0.17%，远低于50%，显示公司财务结构稳健。

对股东及投资者的重要提示

• 分红方案尚需股东大会审议： 虽董事会已通过该方案，但最终实施需股东大会批准，投资者应关注后续进展。
• 高现金分红比例： 以净利润30%进行现金分红，表明公司重视股东回报，有助于提升市场信心及股价表现。
• 分红与股本动态调整： 若公司股本发生变动，分红金额将相应调整，投资者需关注公司公告。
• 未触及风险警示： 公司分红政策及财务状况未触及监管风险警示，表明经营稳健。
• 无股份回购： 2025年度公司未实施股份回购，分红为主要股东回报方式。

可能影响股价的因素

此次龙源电力的利润分配方案，分红比例高且现金分红总额巨大，显示公司盈利能力及现金流充沛。高比例分红可能吸引长期价值投资者，推动股价上涨。同时，若股东大会顺利通过，分红实施将直接利好投资者，增强市场信心。投资者需关注后续股东大会审议结果及公司公告。

备查文件

• 2025年度审计报告
• 第六届董事会2026年第1次会议决议

免责声明

本新闻仅供参考，不构成任何投资建议。投资者须结合自身实际情况及风险承受能力，谨慎决策。本文信息来源于公司公告，具体分红实施情况以公司后续公告及股东大会决议为准。

Longyuan Power Group Co., Ltd. 2025 Profit Distribution Plan Detailed Analysis

Main Points Overview

Longyuan Power Group Co., Ltd. (Stock Code: 001289; Stock Name: Longyuan Power) held its 2026 First Session of the Sixth Board of Directors on March 31, 2026, approving the 2025 profit distribution plan, which will be submitted to the shareholders’ meeting for further review.

Details of the Profit Distribution Plan

• 2025 Net Profit Attributable to Parent: According to China Accounting Standards, net profit is RMB 4,526,216,814.09; according to IFRS, RMB 4,637,935,313.33. The company uses the China Accounting Standards net profit as the basis for distribution.
• Distributable Profit: As of the end of 2025, undistributed profit in the parent company report is RMB 22,999,714,035.18, and in the consolidated report is RMB 48,575,075,492.58.
• Distribution Ratio and Total Amount: The total profit proposed for distribution is 30% of parent net profit, equaling RMB 1,358,470,126.65.
• Dividend Plan:
  • Based on total share capital of 8,359,816,164 shares, a cash dividend of RMB 1.6250 (pre-tax) per 10 shares in 2025.
  • 2025 interim dividend already paid: RMB 1 per 10 shares (pre-tax), totaling RMB 835,981,616.40; current proposal for year-end dividend: RMB 0.6250 per 10 shares (pre-tax), totaling RMB 522,488,510.25.
• If share capital changes: If there are share increases or buybacks before the equity registration date, dividend per share will be adjusted so that total distribution does not exceed RMB 522,488,510.25 (pre-tax).
• Annual Total Cash Dividend: Totals RMB 1,358,470,126.65, accounting for 30.01% of the net profit attributable to parent, and about 31.53% of distributable profit.
• Historical Dividend and Buyback:
  • 2024 cash dividend: RMB 1,904,366,122.16; buyback: RMB 111,893,507.17.
  • 2023 cash dividend: RMB 1,860,113,479.00; no buyback.
  • Last three-year total cash dividend: RMB 5,122,949,727.81; buyback: RMB 111,893,507.17.
  • Three-year average net profit: RMB 5,706,930,515.09.
• Compliance: Dividend ratio and amount comply with CSRC, Shenzhen Exchange, and company rules. No risk warning triggered.
• No share buyback: No buyback implemented in 2025.
• Financial stability: Audited financial assets are only 0.17% of total assets in 2024 and 2025, well below 50%.

Important Shareholder & Investor Information

• Plan pending shareholder approval: Though approved by the Board, final implementation requires shareholder meeting approval. Investors should monitor subsequent progress.
• High dividend ratio: 30% of net profit as cash dividend shows commitment to shareholder returns, which may boost market confidence and share price.
• Dividend adjustment with share capital: If share capital changes, dividend per share will adjust accordingly. Investors should watch for announcements.
• No risk warnings: Dividend policy and financial status are sound.
• No share buyback: 2025 relies mainly on dividends for shareholder returns.

Potential Share Price Impact

The high dividend payout ratio and substantial cash dividend reflect Longyuan Power’s profitability and strong cash flow. This may attract long-term value investors and potentially drive share price higher. Shareholders should follow the upcoming shareholder meeting and company announcements for final implementation.

Supporting Documents

• 2025 audit report
• Sixth Board of Directors 2026 First Session resolution

Disclaimer

This news is for reference only and does not constitute investment advice. Investors should make decisions prudently based on their own circumstances and risk tolerance. Final dividend implementation is subject to company announcements and shareholder meeting resolutions.

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