Sanmei(SH:603379) Shang Hai Zheng Quan Bao·2025-10-13 20:13Core Viewpoint - Zhejiang Sanmei Chemical Co., Ltd. announced a cash dividend distribution of 0.32 yuan per share for the first half of 2025, totaling approximately 195.35 million yuan, following approval from the board and shareholders [2][4][11]. Dividend Distribution - The cash dividend of 0.32 yuan per share is based on a total share capital of 610,479,037 shares [4]. - The distribution was authorized at the annual general meeting on May 20, 2025, and approved by the board on August 21, 2025 [2][4]. - The dividend will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [3]. Taxation and Payment Details - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, effectively maintaining the distribution at 0.32 yuan per share [9]. - For shares held for one year or less, the tax will be calculated upon transfer, with a potential tax burden of 10% for shares held between one month and one year [9]. - Qualified Foreign Institutional Investors (QFII) will receive a net dividend of 0.288 yuan per share after a 10% withholding tax [10]. - Other institutional investors will be responsible for their own tax obligations, receiving the full 0.32 yuan per share [10]. Performance Forecast - The company expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 1.524 billion to 1.646 billion yuan, representing a year-on-year growth of 171.73% to 193.46% [13][15]. - The projected net profit excluding non-recurring gains is estimated to be between 1.513 billion and 1.635 billion yuan, with a similar growth rate of 175.83% to 198.05% [13][15]. - The increase in profitability is attributed to rising prices of fluorinated refrigerants and improved market conditions due to reduced production quotas for second-generation refrigerants [19]. Previous Year Comparison - In the same period of 2024, the company reported a net profit of approximately 560.87 million yuan [17]. - The basic earnings per share for 2024 were reported at 0.92 yuan [18].