【环球网财经综合报道】在监管政策的持续引导与市场生态的优化下，A股上市公司的分红意识正从被动响应转向主动承 诺。今年以来，不仅现金分红总额已超越去年全年，更有近40家公司前瞻性地发布了未来三年（2026—2028年）的股东回报 规划，以稳定、可预期的分红承诺，积极回馈投资者，彰显发展信心。 分析人士指出，上市公司从"单次分红"到"规划未来三年回报"的转变，标志着A股市场投资文化正在向更加成熟、理性的方 向演进。这不仅提升了投资者的获得感，也为市场注入了稳定的长期价值预期，是资本市场高质量发展的重要体现。（文 馨） 市场的反应也印证了这一趋势的积极影响。自发布股东回报规划以来，上述37家公司股价平均涨幅超过4.5%，跑赢同期沪深 300指数。其中，王子新材、艾比森等10家公司股价涨幅更是超过10%，显示出市场对高承诺、高分红公司的青睐。 与此同时，这些注重股东回报的公司也吸引了机构投资者的密集关注。据统计，37家公司中有17家年内获得了超过20家机构 的扎堆调研，佰维存储、石基信息、创世纪等6家公司更是获得了上百家机构的调研。以佰维存储为例，公司年内获得近350 家机构调研，其股价年内涨幅已超过85%。公司在回 ...

旗滨集团表示，未来三年公司在足额预留盈余公积金以后，每年以现金方式分配的利润（含年度、中期 分配）高于当年实现的可供分配利润的50%。记者发现，公司最近3年以现金方式累计分配的利润不少 于当年可分配利润的50%。 记者发现，除了旗滨集团，上市湘企邵阳液压、华锐精密也于近期发布分红公告。其中邵阳液压于12月 10日发布公告，表示单一年度以现金方式分配的利润不少于当年度实现的可分配利润的10%。同日，公 司发布公告拟6亿元并购新承航锐，深化公司在高端制造产业的布局。华锐精密于12月2日发布公告表 示，今年前三季度，公司实现归属于上市公司股东的净利润137445757.34 元，截至2025年9月30日，公 司合并报表期末可供分配利润为659000092.36 元（以上财务数据未经审计）。经董事会决议，公司拟向 全体股东每10股派发现金红利6元（含税），合计拟派发现金红利56140920.60 元（含税）。 长沙晚报掌上长沙12月15日讯（全媒体记者 刘军）今年以来，上市公司以现金分红等方式积极回馈投 资者。截至12月12日，A股上市公司现金分红总额达到2.47万亿元，已超过2024年全年的现金分红总 额。并且，不 ...

Core Viewpoint - The trend of cash dividends among listed companies in China has significantly increased in 2025, with total cash dividends exceeding the entire amount of 2024, reflecting a strong commitment to returning value to investors [3][5]. Group 1: Cash Dividend Policies and Trends - In 2024, the Shanghai and Shenzhen Stock Exchanges initiated policies to enhance cash dividends, promoting multiple distributions per year and pre-dividend announcements [2]. - By December 12, 2025, A-share listed companies had distributed a total of 2.47 trillion yuan in cash dividends, surpassing the total for the entire previous year [3]. - The number of companies participating in cash dividends and the total amount distributed have been on the rise, indicating an improving dividend ecosystem in the A-share market [3]. Group 2: Major Companies and Their Dividend Contributions - Companies like BYD, Hikvision, and Zijin Mining have each implemented cash dividends exceeding 10 billion yuan for the first time in 2025 [5]. - China Construction Bank and Bank of China reported cash dividends exceeding 100 billion yuan, with increases of over 45% compared to the previous year [6]. - Several companies, including Crystal Integrated and Huaxin Yongdao, announced their first dividends since listing in 2024 [7]. Group 3: Future Shareholder Return Plans - 37 companies have announced shareholder return plans for the next three years (2026-2028), with most committing to distribute at least 10% of their annual distributable profits in cash [8]. - Specific companies like Qibin Group and China Merchants Shekou have set cash dividend ratios of 50% and 40% of net profits, respectively, for the upcoming years [9][10]. - The majority of these companies are from sectors such as electronics, machinery, and pharmaceuticals, indicating a broad commitment across industries [8]. Group 4: Market Performance and Institutional Interest - Companies that announced shareholder return plans have seen an average stock price increase of over 4.5%, outperforming the average gain of the CSI 300 index [11]. - Notable performers include Wangzi New Materials and Aibison, with stock price increases of over 54% and 50% since their announcements, respectively [11]. - 17 companies among those with return plans received significant institutional interest, with some like Baiwei Storage attracting nearly 350 institutional inquiries [12][13].

萃华珠宝公告称，公司第六届董事会第十三次会议审议多项议案。同意公司及子公司2026年度向金融机 构申请不超32.62亿元综合授信额度，授权期限为2026年1月1日至12月31日，该议案需提交2025年第六 次临时股东会审议。同时，同意为子公司提供不超32.62亿元担保额度；控股股东及部分持股5%以上股 东及其一致行动人同意为授信提供担保。此外，公司拟续聘立信中联为2025年度审计机构，费用128万 元；还制定部分内部治理制度，包括《累积投票制度实施细则》等；并制定未来三年股东回报规划 （2026 - 2028年）。 ...

采写 | 南都·湾财社记者 张海霞 本文自南都·湾财社。 其中，贵州茅台2025年中期分红方案为：每股派发现金红利23.957元（含税），总股本12.52亿股，共计派发现金红利300.01亿元（含税）。五粮液中期利 润分配方案为：以公司总股本38.82亿股为基数，向全体股东每10股派25.78元现金（含税），合计100.07亿元（含税）。 有行业人士分析认为，头部白酒企业高分红是其稳健的财务状况、积极回馈投资者、投资价值的体现，也应注意到高分红仅是上市公司的单一指标，投资 者需要结合多维度综合考虑投资价值。 来源于五粮液《股东回报规划》 据南都湾财社记者统计，贵州茅台2024年中期分红300亿元、2024年年度分红346.71亿元，合计超600亿元，占茅台2024年净利润862.3亿元的比例为75%； 五粮液2024年中期分红100亿元（含税）叠加2024年度分红123.01亿元（含税），合计223.01亿元，占公司2024年度净利润的比例为70.02%。 | 股份类别 | 股权登记日 | 最后交易日 除权（息）日 现金红利发放日 | | | | --- | --- | --- | --- | --- | | ...

12月10日晚间，贵州茅台（600519.SH）、五粮液（000858.SZ）相继发布中期分红公告，将分别于12月 19日、12月18日派发中期分红，两大白酒巨头合计派发中期红利约400亿元。 其中，贵州茅台2025年中期分红方案为：每股派发现金红利23.957元（含税），总股本12.52亿股，共计 派发现金红利300.01亿元（含税）。五粮液中期利润分配方案为：以公司总股本38.82亿股为基数，向全 体股东每10股派25.78元现金（含税），合计100.07亿元（含税）。 有行业人士分析认为，头部白酒企业高分红是其稳健的财务状况、积极回馈投资者、投资价值的体现， 也应注意到高分红仅是上市公司的单一指标，投资者需要结合多维度综合考虑投资价值。 南都湾财社记者注意到，贵州茅台、五粮液之外，泸州老窖（000568.SZ）、洋河股份（002304.SZ）、 山西汾酒（600809.SH）等白酒上市公司都纷纷启动了中期分红，不少白酒上市公司发布《市值管理制 度》，明确"现金分红"是市值管理的主要方式之一。 以五粮液为例，今年3月份，公司发布《市值管理制度》表示，公司应当聚焦主业，提升经营效率和盈 利能力，同时可以结合 ...

Group 1 - The company Arrow Home Group Co., Ltd. will hold its second extraordinary general meeting of shareholders on December 25, 2025, combining on-site and online voting methods [1][2][3] - The meeting will start at 14:00 on December 25, 2025, with online voting available from 9:15 to 15:00 on the same day [2][3] - Shareholders registered by the close of trading on December 18, 2025, will be eligible to attend the meeting and vote [4][5] Group 2 - The meeting will discuss the election of 6 non-independent directors and 4 independent directors using a cumulative voting method [5][6] - The remuneration for non-independent directors who also serve as senior management will be based on their management roles, while independent directors will receive an annual allowance of 120,000 yuan, with the chair of the audit committee receiving 150,000 yuan [6][7] - All proposals will be subject to separate voting for minority investors to enhance their rights [6][7] Group 3 - The company will provide a network voting platform through the Shenzhen Stock Exchange, with specific procedures outlined for shareholders [10][19] - Registration for the meeting will be open from December 19 to December 24, 2025, with specific requirements for personal and corporate shareholders [8][9] - The meeting will take place at the company's headquarters in Foshan, Guangdong Province [5]

Core Viewpoint - Haitan Flavor Industry (03288) has seen a stock price increase of 2.14%, reaching HKD 32.46, with a trading volume of HKD 60.48 million, following the announcement of a board meeting scheduled for December 18, 2025, to consider a special dividend and a shareholder return plan for the next three years (2025-2027) [1] Group 1 - The board meeting will discuss the proposal for a special dividend and the future shareholder return plan [1] - The announcement indicates the company's commitment to enhancing shareholder returns, which is viewed positively by the market [1] - Morgan Stanley anticipates an increase in the company's regular dividend payout ratio, with expected dividends of RMB 0.86 and RMB 0.96 per share for 2025 and 2026, respectively, suggesting potential for upward adjustments [1]

Core Viewpoint - Haitan Flavor Industry (03288) has seen a stock price increase of 2.14%, reaching HKD 32.46, with a trading volume of HKD 60.48 million, following the announcement of a board meeting to consider a special dividend and a shareholder return plan for 2025-2027 [1] Group 1 - The board meeting is scheduled for December 18, 2025, to discuss the proposal for a special dividend and the future three-year shareholder return plan [1] - The announcement indicates that the proposals may not necessarily be approved by the board, advising shareholders and potential investors to act cautiously when trading the company's shares [1] - Morgan Stanley views this news as a positive surprise for the market, reflecting the company's commitment to enhancing shareholder returns [1] Group 2 - Morgan Stanley anticipates an increase in the company's regular dividend payout ratio, with market expectations for dividends per share of RMB 0.86 and RMB 0.96 for 2025 and 2026, respectively, suggesting potential for upward adjustments [1]

Core Viewpoint - Haitian Flavor Industry (603288) announced a board meeting on December 18, 2025, to consider a special dividend and a shareholder return plan for the next three years (2025-2027) [1] Group 1: Stock Performance - Haitian Flavor Industry's stock rose by 2.14%, trading at HKD 32.46, with a transaction volume of HKD 60.48 million [1] Group 2: Market Reaction - Morgan Stanley views the announcement as a positive surprise, indicating the company's commitment to enhancing shareholder returns [1] - The market anticipates an increase in the regular dividend payout ratio, with expected dividends of RMB 0.86 and RMB 0.96 per share for 2025 and 2026, respectively, suggesting potential for upward adjustments [1]