Zhong Guo Zheng Quan Bao·2025-08-29 22:28Core Viewpoint - The mid-term dividend plan has become a standard practice for A-share listed companies during the disclosure of semi-annual reports, with a significant number of securities firms announcing substantial cash dividends for 2025 [1][2]. Group 1: Dividend Distribution - Among the 42 listed securities firms, 29 have disclosed their 2025 semi-annual profit distribution plans, accounting for nearly 70% [1]. - The total proposed cash dividends from these firms amount to 187.97 billion yuan (including tax) [1][2]. - CITIC Securities leads with a proposed cash dividend of 42.98 billion yuan, distributing 0.29 yuan per share based on a total share capital of 14.821 billion shares [2]. - Guotai Junan plans to distribute 26.27 billion yuan, with a dividend of 0.15 yuan per share based on a total share capital of 17.514 billion shares [2]. - Other firms like China Galaxy, Huatai Securities, and others also plan to distribute over 10 billion yuan each [2]. Group 2: Company Performance - CITIC Securities reported a revenue of 330.39 billion yuan and a net profit of 137.19 billion yuan for the first half of 2025, both showing over 20% year-on-year growth [2]. - Huazhong Securities announced a cash dividend of 1.87 billion yuan, with a revenue of 28.08 billion yuan and a net profit of 10.35 billion yuan, both exceeding a 43% year-on-year increase [3]. Group 3: Shareholder Return Initiatives - Some securities firms have introduced new "quality improvement and efficiency enhancement" action plans, focusing on optimizing dividend policies and enhancing market value management [4]. - Dongxing Securities plans to distribute 2.46 billion yuan in cash dividends and emphasizes the importance of shareholder return awareness and stable dividend policies [4]. - Guojin Securities revised its three-year shareholder return plan, aligning it with industry position and growth cycles, and aims to provide sustainable and effective returns to investors [5].