Core Viewpoint - The proposal for a 2.6 billion cash dividend by Huishang Bank was rejected again, with 50% of shareholders voting against and 24% abstaining, totaling nearly 75% of opposition and abstention votes [1][2][17]. Group 1: Dividend Proposal Details - The temporary proposal for the 2025 interim profit distribution suggested a cash dividend of 1.87 yuan per 10 shares, totaling approximately 2.597 billion yuan, which would account for 30.06% of the bank's net profit for the year [4][19]. - The voting results showed that only 25.55% of shareholders supported the dividend proposal, while 50.45% opposed it and 23.99% abstained, leading to a combined opposition and abstention rate of 74.44% [2][18]. Group 2: Background and Context - The proposal was put forward by the Zhongjing Group, which has been advocating for higher dividend payouts for over nine years, but has consistently faced rejection [1][21]. - The Zhongjing Group has previously expressed concerns about Huishang Bank's governance issues and the impact of low dividend payouts on investor confidence, especially in light of the bank's strong financial performance [5][12][21]. Group 3: Financial Performance - As of the third quarter of 2025, Huishang Bank reported total assets of 2.3 trillion yuan and a net profit of 14.149 billion yuan, reflecting a year-on-year growth of 6.38% [13][27]. - The bank's net profit growth has slowed in recent years, with increases of 9.56% and 6.18% for 2023 and 2024, respectively, alongside declining revenue growth rates [13][27]. Group 4: Shareholder Dynamics - The Zhongjing Group, which once became the largest shareholder, currently holds a significant stake in Huishang Bank through various subsidiaries, including Zhongjing Xinhua Asset Management [15][29]. - Regulatory scrutiny has been placed on Zhongjing Xinhua Asset Management for issues related to the disclosure of its actual controlling entity, which has changed from the Shanghai Soong Ching Ling Foundation [30].
徽商银行大股东死磕分红近10年，26亿派现提议又遭50%股东反对、24%弃权