CSEC,China Shenhua(SH:601088) Zheng Quan Shi Bao Wang·2025-11-04 00:06Core Viewpoint - China Shenhua is set to distribute a cash dividend of RMB 0.98 per share, totaling RMB 194.71 billion, following the approval of its profit distribution plan at the second extraordinary general meeting of shareholders in 2025 [2][4]. Group 1: Dividend Distribution - China Shenhua will distribute cash dividends based on a total share capital of 19.869 billion shares, with the record date for the dividend set for November 7, 2025, and the payment date on November 10, 2025 [2]. - The company has a dividend payout ratio of 79% for the first half of 2025, which is an increase from the previously committed minimum of 65% for 2025-2027 [4]. - Other companies with upcoming dividends include DeYa Co. with a payout of RMB 1.108 per share and Haier Smart Home with RMB 0.2692 per share [5][8]. Group 2: Financial Performance - For the first three quarters of 2025, China Shenhua reported a revenue of RMB 213.15 billion, a decrease of 16.6% year-on-year, and a net profit of RMB 39.05 billion, down 10% year-on-year [4]. - Haier Smart Home achieved a revenue of RMB 234.05 billion, reflecting a year-on-year growth of 15.31%, with a net profit of RMB 17.37 billion, up 14.64% [6]. - DeYa Co. reported a revenue of RMB 8.846 billion, a year-on-year increase of 10.36%, and a net profit of RMB 2.347 billion, up 4.79% [5]. Group 3: Market Outlook - The coal and electricity joint operation of China Shenhua is expected to mitigate the impact of falling coal prices, contributing to stable performance and maintaining high dividends [4]. - The global smart home industry is accelerating, presenting structural opportunities in emerging overseas markets for companies like Haier Smart Home [6]. - The acquisition of Hangjin Energy by China Shenhua is anticipated to enhance resource endowment and operational efficiency [4].