SHBT(SH:603009) Zheng Quan Zhi Xing·2025-06-26 16:31Core Viewpoint - The company has established a three-year shareholder dividend return plan for 2025-2027 to enhance profit distribution policies, ensuring transparency and stability in returns to shareholders [1][2]. Group 1: Factors Considered in Planning - The plan focuses on long-term sustainable development, taking into account the company's operational status, development goals, external financing environment, and the demands of investors, especially small and medium-sized shareholders [1]. - The company aims to create a systematic arrangement for dividend distribution to ensure reasonable returns for investors and maintain continuity in dividend policies [1]. Group 2: Principles of Planning - The profit distribution should emphasize reasonable returns for public shareholders, with annual distributions based on a specified proportion of the distributable profits [2]. Group 3: Profit Distribution Methods and Timing - Profit distribution can be in the form of cash, stock, or a combination, with cash dividends prioritized when conditions allow [2]. - The company aims to distribute profits at least once a year, within two months after the annual shareholders' meeting approval [2]. Group 4: Decision-Making Mechanism - The board will discuss and evaluate the timing, conditions, and proportions of cash dividends, with independent directors providing clear opinions and gathering feedback from small shareholders [3]. Group 5: Conditions and Proportions for Cash Dividends - Cash dividends will be distributed if the company is profitable and has positive retained earnings, with a minimum of 30% of distributable profits allocated for dividends [4]. - The board will consider industry characteristics, development stages, and significant capital expenditure plans when determining dividend policies [4]. Group 6: Conditions for Stock Dividends - Stock dividends may be proposed if the company shows good operational performance and the board believes that the capital structure needs adjustment [4]. Group 7: Adjustment Mechanism for Profit Distribution Policy - The profit distribution policy can be adjusted in response to significant changes in the external business environment or the company's operations, with a focus on protecting shareholder interests [5]. Group 8: Supervision and Constraints on Profit Distribution - The supervisory board will ensure compliance with the profit distribution policy and decision-making procedures, addressing any deviations [5]. Group 9: Effectiveness of Shareholder Return Plan - The plan will take effect upon approval by the shareholders' meeting and will be interpreted by the company's board [5].