BYE(SH:603861) Shang Hai Zheng Quan Bao·2025-09-02 19:14Core Viewpoint - The company has adjusted its 2025 interim profit distribution plan, reducing the cash dividend per share from 0.05000 yuan to 0.04554 yuan due to an increase in total shares outstanding following the conversion of convertible bonds [2][8]. Summary by Sections 1. Adjustment of Profit Distribution - The cash dividend per share has been adjusted from 0.05000 yuan (including tax) to 0.04554 yuan (including tax) [2]. - The adjustment is due to the conversion of the company's convertible bonds, which resulted in an increase of 47,968,009 shares, raising the total share capital from 492,559,946 shares to 540,527,955 shares [2][6]. 2. Previous Profit Distribution Plan - The initial profit distribution plan proposed a cash dividend of 0.50 yuan per 10 shares (including tax), with a total cash dividend of 24,501,675.40 yuan (including tax), representing 30.34% of the net profit attributable to shareholders for the first half of 2025 [3][8]. - The actual number of shares eligible for distribution was calculated to be 490,033,508 shares after excluding repurchased shares [3]. 3. Changes in Total Share Capital - The company triggered the conditional redemption clause of its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 consecutive trading days [5]. - The redemption of the convertible bonds was completed by August 28, 2025, resulting in a total share capital increase [6]. 4. Share Repurchase Situation - The company has approved a share repurchase plan with a budget between 10 million yuan and 20 million yuan, intended for employee stock ownership plans or equity incentives [10]. - As of the announcement date, no shares had been repurchased yet, and the number of shares in the repurchase account remained unchanged at 2,526,438 shares [11][12]. 5. Adjusted Profit Distribution Plan - The adjusted profit distribution plan now states a cash dividend of 0.04554 yuan per share, with a total distribution amount of approximately 24,500,589.08 yuan (including tax) [8]. - This total distribution still represents 30.34% of the net profit attributable to shareholders for the first half of 2025 [8].