桂冠电力2025年度分红实施公告：每股派0.243元 2026年6月16日发放

桂冠电力2025年年度权益分派实施公告深度解读

一、公告关键信息速览

股票代码/简称：600236 / 桂冠电力
分红方案：每股现金红利0.243元（含税）
分红总额：1,915,417,805.89元
基准股本：7,882,377,802股
股权登记日：2026年6月15日
除权（息）日：2026年6月16日
现金红利发放日：2026年6月16日
差异化分红送转：否

二、分红实施细则全解析

本次权益分派方案已于2026年4月22日召开的2025年年度股东大会审议通过，分红方案以实施前公司总股本7,882,377,802股为基数，每股派发现金红利0.243元（含税），共计派发1,915,417,805.89元现金红利。这一分红水平在当前A股电力板块中处于较为优厚的水平，显示公司良好的盈利能力与现金流状况，有利于稳定投资者预期，提升公司估值。

本次分红对象为2026年6月15日（股权登记日）收市后在中国证券登记结算有限责任公司上海分公司登记在册的全体股东。需要特别关注，若在该日期前后买卖股票，将影响是否获得本次分红。

三、分红发放与税收处理细则

无限售条件流通股：
- 红利通过中国结算上海分公司资金清算系统发放，投资者可于发放日在指定证券营业部领取现金红利。
- 未办理指定交易的股东，红利暂由结算公司保管，待指定交易后再派发。
特定大股东现金红利发放：
- 中国大唐集团有限公司、国新博远投资（北京）有限公司的红利由公司自行发放。
税收处理：
- 自然人股东和证券投资基金，分红暂不扣税，待其卖出股票时按持股期限计算应纳税额：
- 合格境外机构投资者（QFII）：公司代扣10%企业所得税，实际派发0.2187元/股，如享受税收协定可自行申请退税。
- 沪港通投资者：公司代扣10%所得税，实际派发0.2187元/股。如有协定税率低于10%，可申请退税。
- 其他投资者：红利所得税自理，公司不代扣代缴，实际派发每股0.243元。

四、对股东与投资者的重要提示

本次分红方案为现金分红，未涉及送红股或转增股本，且不实施差异化分红。
分红方案显示公司利润分配政策稳定，现金流充沛，为中长期价值投资者提供稳定回报，对股价存在正面支撑。
投资者应在股权登记日前完成持股，确保获得本次分红。
分红发放日与除权日同步，有可能影响股价短期波动，投资者应关注市场反应。
不同持股主体的税收处理差异较大，投资者需根据自身类型及时申报纳税。
涉及QFII、沪港通等境外投资者，分红政策具有一定国际化特色，有助于提升公司治理与市场形象。

五、投资者咨询方式

如有疑问，可致电公司证券资本部（董事会办公室），联系电话：0771-6118880。

六、潜在影响与投资者关注点

本次分红总额近20亿元，派息率较高，有望吸引长期资金流入，提升公司二级市场估值水平。分红方案的实施反映公司持续盈利能力和对股东回报的重视，具备推动股价上涨的潜力。投资者需关注分红实施及除权除息日后的市场表现，以及税收政策变化带来的实际到手红利影响。

免责声明：本文仅为信息解读，不构成任何投资建议。投资有风险，决策前请咨询专业人士。

English Version
In-Depth Interpretation: Guiguan Electric Power 2025 Annual Dividend Implementation Announcement

In-Depth Interpretation: Guiguan Electric Power 2025 Annual Dividend Implementation Announcement

1. Key Information Overview

Stock Code/Name: 600236 / Guiguan Electric Power
Dividend Plan: Cash dividend of RMB 0.243 per share (pre-tax)
Total Dividend: RMB 1,915,417,805.89
Base Share Capital: 7,882,377,802 shares
Record Date: June 15, 2026
Ex-Dividend Date: June 16, 2026
Dividend Payment Date: June 16, 2026
No bonus issue or stock transfer.

2. Detailed Dividend Implementation

This dividend plan was approved at the 2025 Annual General Meeting held on April 22, 2026. The dividend is based on the total share capital of 7,882,377,802 shares before implementation, with a cash dividend of RMB 0.243 per share (pre-tax), totaling RMB 1,915,417,805.89. This payout is generous within the A-share power sector, reflecting the company’s strong profitability and cash flow, which should support investor confidence and potentially enhance company valuation.

Shareholders registered with China Securities Depository and Clearing Corporation Shanghai Branch by the close of trading on June 15, 2026, will be eligible for the dividend. Investors should be mindful of trading dates, as buying or selling around the record date can affect eligibility.

3. Dividend Distribution and Taxation Details

Tradable Shares:
- Dividends will be paid via the clearing system to shareholders with designated trading arrangements.
- Undesignated shareholders will have their dividends held in custody until trading designation is completed.
Major Shareholders:
- Dividends for China Datang Corporation and Guoxin Boyuan Investment (Beijing) will be paid directly by the company.
Taxation:
- For individual shareholders and mutual funds, tax is not withheld at distribution; taxable amount depends on holding period:
- QFII: 10% withholding tax, net payout RMB 0.2187 per share. Possible treaty application for lower rates.
- Shanghai-Hong Kong Stock Connect investors: 10% withholding tax, net payout RMB 0.2187 per share, with possible treaty-based refund.
- Other investors: Handle tax declaration themselves, gross payout RMB 0.243 per share.

4. Important Notes for Shareholders and Investors

This is a pure cash dividend, with no bonus shares or stock conversion, and no differentiated payout.
The policy demonstrates a stable profit distribution approach and healthy cash flow, favoring long-term value investors.
Ensure holding shares by the record date to receive the dividend.
Dividend issuance and ex-dividend date coincide and may cause short-term price fluctuations.
Tax treatments vary significantly by shareholder type; proper filing is needed.
The plan covers QFII and Shanghai-Hong Kong Stock Connect investors, enhancing international market image.

5. Investor Inquiry

For questions, contact the company’s Securities Capital Department (Board Office) at 0771-6118880.

6. Potential Impact and Investor Takeaways

With a total cash dividend approaching RMB 2 billion and a high payout ratio, this announcement may attract long-term capital and boost market valuation. It reflects the company’s sustained profitability and commitment to shareholder returns, with potential to drive share price upward. Investors should monitor the dividend implementation and post-ex-date price movement, as well as the impact of tax policies on actual dividend income.

Disclaimer: This article is for information purposes only and does not constitute investment advice. Please consult professionals before making investment decisions.