香江控股发布2025年度利润分配预案，拟现金分红 每10股派0.05元

【2026年4月11日，深圳】——深圳香江控股股份有限公司（600162）于2026年4月11日发布了2025年度利润分配预案。以下为本次公告的详细内容及对投资者的意义分析：

一、利润分配方案要点与详细内容

• 分红比例：公司拟以实施利润分配方案时股权登记日的总股本为基数，向全体股东每10股派发现金红利0.05元（含税），即每股派0.005元（含税）。
• 分配总额：分配利润总计16,248,021.11元（含税）。
• 利润来源：2025年度母公司实现净利润307,259,496.67元，年初未分配利润597,067,057.45元，提取盈余公积30,725,949.67元，减去2024年度现金分红35,745,648.76元，2025年底可供分配利润为837,854,955.69元。
• 资本公积及盈余公积：资本公积余额1,561,097,476.13元，盈余公积余额415,311,429.08元。
• 分红后未分配利润：分红后公司仍有未分配利润821,606,934.58元，全部结转以后年度分配。
• 后续调整机制：如在公告日至实施权益分派股权登记日期间，因股份回购等原因导致享有利润分配权的股份总额发生变化，公司将保持每股分配金额不变，相应调整分红总额。

二、历年分红情况及风险警示相关信息

• 2025年度现金分红总额为16,248,021.11元，上年度为35,745,648.76元，上上年度为522,950,099.52元。
• 最近三个会计年度累计现金分红总额为574,943,769.39元，平均年净利润为14,327,496.94元，现金分红比例高达4012.87%，远超监管要求的30%。
• 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）项有关其他风险警示的规定。
• 公司2025年度母公司报表未分配利润为837,854,955.69元。

三、董事会决策及后续流程

• 2026年4月10日，公司第十一届董事会第五次会议以8票全票通过本预案。
• 本利润分配预案尚需提交2025年年度股东大会审议通过。

四、此次分红对公司及股东的影响分析

• 本次分红金额仅占未分配利润的1.94%，表明公司依然保留较大规模的留存利润，为后续发展预留空间。
• 公司董事会综合考虑了当前经营状况、未来发展需求及股东回报，认为现金流充足，本次分红不会影响公司正常经营与长期发展。
• 利润分配方案符合《上市公司监管指引第3号——上市公司现金分红（2025年修订）》及公司章程的相关规定。
• 分红方案不会对公司每股收益、现金流、生产经营产生重大不利影响。

五、对股东及股价的潜在影响

• 分红水平显著下降：2025年度分红金额与前两年相比大幅下降，特别是与2023年度的5亿多元分红相比，降幅明显。分红水平的变化可能影响市场对公司回馈股东能力的预期，或对股价形成压力。
• 高现金分红比例：尽管净利润波动较大，公司依然保持较高的分红比例，这有助于稳定股东信心。
• 未分配利润充裕：公司留存大量未分配利润，为未来发展和可能的资本运作提供弹性。
• 需注意后续年度经营情况：2025年度公司归母净利润为负（-88,301,828.58元），投资者需关注公司未来盈利能力恢复情况。

六、投资者需关注的关键事项

• 本次分红尚需股东大会审议通过，最终实施时间和股权登记日待后续公告明确。
• 如公司在分红实施前发生股份回购等事项，分红总额将会调整，但每股分配金额不变。
• 目前公司未触及重大风险警示情形，分红方案不影响公司持续经营。

免责声明：本文基于公司公开披露信息制作，不构成任何投资建议。投资者应结合自身实际情况与专业意见，理性判断投资风险。

English Version

Shenzhen Xiangjiang Holdings Releases 2025 Profit Distribution Plan: Cash Dividend of 0.05 RMB per 10 Shares

[Shenzhen, April 11, 2026] — Shenzhen Xiangjiang Holdings Co., Ltd. (600162) announced its 2025 profit distribution plan on April 11, 2026. Below is a detailed breakdown and analysis for investors:

1. Key Distribution Proposal Details

• Dividend Ratio: The company plans to distribute a cash dividend of 0.05 RMB (tax included) for every 10 shares held on the record date, i.e., 0.005 RMB per share (tax included).
• Total Distribution: Total profit distribution amounts to 16,248,021.11 RMB (tax included).
• Profit Sources: In 2025, parent company achieved net profit of 307,259,496.67 RMB. Unallocated profit at the start of the year was 597,067,057.45 RMB. After appropriating 30,725,949.67 RMB to statutory reserves and deducting 35,745,648.76 RMB of 2024 cash dividends, distributable profit at 2025 year-end stands at 837,854,955.69 RMB.
• Capital and Surplus Reserves: Capital reserve: 1,561,097,476.13 RMB; Surplus reserve: 415,311,429.08 RMB.
• Profit After Dividend: After the dividend, unallocated profit will still be 821,606,934.58 RMB, reserved for future distribution.
• Adjustment Mechanism: If the total shares entitled to the distribution change (e.g., due to buybacks) between announcement and record date, the per share dividend will remain unchanged but the total payout will adjust accordingly.

2. Historical Dividend and Risk Information

• 2025 cash dividend: 16,248,021.11 RMB; 2024: 35,745,648.76 RMB; 2023: 522,950,099.52 RMB.
• Three-year cumulative cash dividend: 574,943,769.39 RMB; Average annual net profit: 14,327,496.94 RMB; cash payout ratio: 4012.87%, well above the regulatory minimum of 30%.
• The company has not triggered risk warnings under Shanghai Stock Exchange Listing Rules Article 9.8.1 Clause (8).
• Unallocated profit at end-2025: 837,854,955.69 RMB.

3. Board Decision and Next Steps

• On April 10, 2026, the 11th Board of Directors, 5th meeting, unanimously approved the proposal (8 votes in favor).
• The distribution plan is subject to approval at the 2025 annual shareholders meeting.

4. Impact Analysis for Company and Shareholders

• The payout represents only 1.94% of unallocated profit, indicating significant retained earnings for future development.
• The Board considered operating conditions, development needs, and shareholder returns. The company’s cash flow is deemed sufficient for this payout without impacting operations or growth.
• The plan complies with relevant regulatory guidelines and the company’s articles, with no harm to company or shareholder interests.
• No major adverse impact expected on EPS, cash flow, or business operations.

5. Potential Price-Sensitive Aspects for Investors

• Significant Dividend Reduction: The 2025 payout is much lower compared to prior years, especially 2023’s over 500 million RMB. This sharp drop may affect market expectations on shareholder returns and could pressure the share price.
• High Dividend Ratio: Despite profit volatility, the company maintains a high payout ratio, supporting shareholder confidence.
• Large Retained Earnings: Significant retained profit provides flexibility for future operations or capital actions.
• Profitability Concern: 2025 net profit attributable to shareholders is negative (-88,301,828.58 RMB). Investors should monitor future profit recovery closely.

6. Key Items for Shareholders to Note

• This dividend plan is pending shareholder meeting approval; record date and implementation to be announced later.
• If share buybacks or other changes occur before implementation, total payout will adjust but per-share ratio is fixed.
• No major risk warnings currently apply; the plan does not impact ongoing operations.

Disclaimer: This article is based solely on publicly disclosed company information and does not constitute investment advice. Investors should carefully consider their own circumstances and seek professional counsel on potential risks.

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