Shang Hai Zheng Quan Bao·2025-10-20 19:26Core Viewpoint - The company announced a cash dividend distribution of RMB 0.15 per share (before tax) for the first half of 2025, approved by the board and shareholders [1][3][5]. Distribution Plan - The distribution is for the first half of 2025 and applies to all A-share shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [2]. - A total of 115,303,000 A-shares held in the company's repurchase account will not participate in this profit distribution [2]. Differentiated Dividend Distribution - The cash dividend of RMB 0.15 per share (before tax) is based on the total share capital registered on the equity registration date, excluding shares held in the repurchase account [3][5]. - The actual number of shares participating in the distribution is 14,007,862,981 shares, calculated from the total A-share capital of 14,123,165,981 shares minus the repurchased shares [5]. Ex-Dividend Calculation - The ex-dividend reference price is calculated as: This indicates that the stock price will be adjusted downwards by the dividend amount [4][5]. Implementation Method - The cash dividends will be distributed on October 28, 2025, to shareholders who have completed designated trading by the registration date of October 27, 2025 [7]. - Certain state-owned enterprises and restricted stock holders will receive dividends directly from the company [7]. Taxation Details - Individual shareholders holding shares for over one year will not be subject to personal income tax on the dividend, resulting in a net cash dividend of RMB 0.15 per share [7][8]. - For foreign institutional investors, a 10% withholding tax will apply, leading to a net cash dividend of RMB 0.135 per share [8][9].