通化东宝药业股份有限公司发布2025年度利润分配方案，现金分红力度显著提升

【2026年4月20日，通化】通化东宝药业股份有限公司（证券代码：600867）最新发布的2025年度利润分配方案，对广大投资者和市场带来多项积极信号。本次分红方案不仅显示出公司稳健的盈利能力，也彰显了管理层对股东回报的高度重视。以下将为投资者详细解读本次公告的重点内容与影响。

一、方案要点速览

• 每股现金分红：每10股派发现金红利3.00元（含税），即每股派0.30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扣除回购专用证券账户股份后的股本为基数。
• 分红总额：预计合计派发现金红利586,837,503.60元（含税）。
• 2025年度归属于母公司净利润：12.19亿元，母公司期末未分配利润43.04亿元。
• 回购情况：报告期内以现金为对价已实施股份回购金额为2,757.43万元，回购并注销金额为1.80亿元。
• 分红及回购合计：现金分红与回购总额达到6.14亿元，占2025年度净利润的50.40%；如计入回购并注销金额，合计7.67亿元，占比62.91%。
• 剩余可分配利润：37.18亿元，将结转至以后年度分配。
• 无送股及公积金转增安排：本年度不实施送股，也不进行公积金转增股本。
• 方案实施前提：需提交2025年度股东大会审议通过后方可实施。

二、对股东及市场的影响

• 高比例现金回报：过去三年累计现金分红15.68亿元，回购注销3.01亿元，分红及回购总计18.69亿元，现金分红比例高达239.16%，大幅高于行业平均标准，体现出公司对股东回馈的承诺。
• 不触及风险警示：本次利润分配方案未触及《上海证券交易所股票上市规则》第9.8.1条关于其他风险警示的情形，显示公司财务稳健，持续盈利能力强。
• 持续回购与注销：公司持续通过回购并注销股份提升每股收益，间接提振股价表现。
• 分配比例明确：如未来实施前总股本发生变动，保持每股分配比例不变，维护投资者利益。
• 现金流安全：管理层说明本次分红不会影响公司正常经营和长期发展，分红政策兼顾公司发展及资本市场表现。

三、后续流程及风险提示

• 分红方案已于2026年4月17日经董事会全票通过，尚需提交2025年度股东大会审议。
• 投资者需关注后续权益分派实施公告，明确股权登记日与分红发放时间。
• 如股本在实施前发生变动，公司将及时公告调整情况，保证分红比例不变。
• 公司强调分红方案不会对经营现金流产生重大影响，符合公司长远发展需求。

四、投资者需重点关注事项及潜在影响

• 本次高比例现金分红及稳健的回购注销政策，有望大幅提升公司股票的投资吸引力，或对二级市场股价形成积极推动。
• 公司保持强劲的盈利能力和充裕的未分配利润，为未来持续分红提供基础。
• 投资者应关注股东大会审议及后续实施进展，及时把握权益登记及分红信息。

免责声明：本文仅供信息参考，不构成任何投资建议。投资者据此操作，风险自负。请关注公司后续公告及相关法规要求。

English Version

Tonghua Dongbao Announces Significant 2025 Cash Dividend, Demonstrates Strong Commitment to Shareholder Returns

[April 20, 2026, Tonghua] Tonghua Dongbao Pharmaceutical Co., Ltd. (Stock Code: 600867) has released its 2025 annual profit distribution plan, sending a positive signal to shareholders and the capital market. This dividend proposal not only highlights the company’s robust profitability but also underscores management’s strong focus on shareholder returns. Here is a detailed breakdown for investors.

I. Key Highlights of the Proposal

• Cash Dividend per Share: CNY 0.30 (tax included) per share, or CNY 3.00 (tax included) per 10 shares.
• Dividend Base: Based on the total share capital on the equity registration date, excluding shares held in the repurchase account.
• Total Dividend: Estimated at CNY 586,837,503.60 (tax included).
• 2025 Net Profit Attributable to Parent: CNY 1.219 billion; year-end undistributed profit: CNY 4.304 billion.
• Share Buyback: CNY 27.57 million in cash for buybacks already completed; CNY 180.04 million for buybacks and cancellations.
• Total Dividend and Buybacks: CNY 614 million, accounting for 50.40% of 2025 net profit; including share cancellations, CNY 767 million, 62.91% of net profit.
• Undistributed Profit Rollover: CNY 3.718 billion will be carried forward for future years.
• No Bonus Shares or Capital Reserve Conversion: No bonus shares or capital reserve transfers this year.
• Shareholder Approval Required: Plan to be implemented after approval at the 2025 AGM.

II. Implications for Shareholders and Market

• High Cash Return: The cumulative cash dividend over the past three years reached CNY 1.568 billion, with share buybacks and cancellations totaling CNY 301 million. The combined return ratio is 239.16%, far exceeding industry averages, highlighting the company’s commitment to rewarding shareholders.
• No Risk Warning: The plan does not trigger Shanghai Stock Exchange risk warning clauses, underlining solid financial health and sustained profitability.
• Continuous Buybacks: Ongoing share buybacks and cancellations boost EPS and potentially support the stock price.
• Protected Dividend Ratio: Even if total share capital changes before implementation, the per-share dividend ratio remains unchanged, protecting investor interests.
• Cash Flow Assurance: Management confirms that this dividend will not affect the company’s operating cash flow or long-term development.

III. Next Steps and Risk Reminders

• The plan was unanimously approved by the Board on April 17, 2026, and awaits shareholder approval at the AGM.
• Investors should track future announcements for the equity registration date and dividend payment timeline.
• Should the share capital change, the company will promptly announce any adjustments to the total dividend, keeping the per-share ratio unchanged.
• The company reiterates that the dividend plan will not significantly impact cash flow or operations.

IV. Key Points for Investors and Potential Share Price Impact

• This substantial cash dividend and continued buyback/cancellation policy could significantly enhance the stock’s investment appeal and provide positive momentum for the share price.
• The company’s strong profitability and ample undistributed profit lay a solid foundation for sustained future dividends.
• Investors should monitor AGM approval and subsequent implementation details to secure their entitlements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors assume all risks if acting based on this information. Please refer to subsequent company announcements and regulatory requirements.

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