Already 98 A-share companies have disclosed their 2025 annual reports. 70 listed companies plan to distribute a total of 70.5 billion yuan in cash dividends.

Securities Daily Reporter Xu Yiming

According to data from iFinD, as of March 15 when the reporter filed the story, 98 A-share listed companies had already disclosed their annual reports for 2025. Among them, 70 companies plan to distribute cash dividends, totaling 70.504 billion yuan.

Yang Delong, chief economist of Qianhai Kaiyuan Fund, stated to Securities Daily that the cash dividends of listed companies not only reflect their own profitability but also serve as an important way to reward investors and guide long-term value investment. This further reflects the continuous optimization of the dividend ecology in the A-share market and the confidence in the high-quality development of the real economy.

In terms of performance, among the 98 companies mentioned, 54 companies reported a year-on-year increase in net profit attributable to shareholders of the parent company, accounting for 55.10%.

The performance of industry leaders is particularly impressive. For example, as a leading company in the power battery field, Contemporary Amperex Technology Co., Limited (hereinafter referred to as “CATL”) achieved operating revenue of 423.702 billion yuan in 2025, a year-on-year increase of 17.04%; the net profit attributable to shareholders of the listed company was 72.201 billion yuan, a year-on-year increase of 42.28%, with an average daily profit of about 198 million yuan.

Quality enterprises in niche fields also demonstrate strong growth capabilities. For instance, Guangzhou Tinci Materials Technology Co., Ltd. (hereinafter referred to as “Tinci Materials”) and Shandong Vocational Pharmaceutical Technology Co., Ltd. both reported a year-on-year net profit growth of over 100% attributable to shareholders of the listed company last year. Among them, Tinci Materials achieved an annual operating revenue of 16.65 billion yuan last year, a year-on-year increase of 33.00%, with a net profit attributable to shareholders of the listed company of 1.362 billion yuan, a year-on-year increase of 181.43%. The net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, was 1.36 billion yuan, a year-on-year increase of 256.32%.

It is worth mentioning that nine companies, including Cambricon Technologies Corporation Limited, achieved a turnaround from losses to profits in 2025 for net profits attributable to shareholders of the listed company.

Moreover, among the 98 companies mentioned, 70 companies plan to distribute cash dividends, accounting for 71.4%. Among them, CATL plans to distribute a cash dividend of 69.57 yuan (including tax) for every 10 shares, totaling 31.532 billion yuan, currently ranking first.

According to the reporter’s analysis, among the companies announcing dividend plans this time, most companies’ dividends align with their own profitability levels while also considering shareholder returns.

For instance, Zhejiang Hexin Tonghua Network Information Co., Ltd. achieved an operating revenue of 6.029 billion yuan in 2025, and the net profit attributable to shareholders of the listed company was 3.205 billion yuan, representing year-on-year growth of 44.00% and 75.79% respectively. Its dividend proposal not only includes a cash dividend of 51 yuan (including tax) for every 10 shares but also plans to distribute 4 additional shares for every 10 shares, reflecting attention to both short-term returns and long-term interests of shareholders.

Wang Yuting, a lecturer at the Sydney Business School of Shanghai University, stated to Securities Daily that continuous and stable dividends not only enhance investors’ sense of gain but also attract medium- and long-term funds such as insurance and pension funds into the market. The entry of these funds not only provides long-term stable financial support to listed companies but also promotes the formation of a virtuous cycle of “stable dividends - long-term capital accumulation - high-quality development” in the market.

Wang Yuting further stated that in the future, with the continuous improvement of regulatory policies and the further enhancement of corporate dividend awareness, the dividend ecology of the A-share market will become more mature, providing stable returns for investors while injecting lasting momentum for the high-quality development of the capital market.