Core Viewpoint - The company has established a shareholder return plan for the next three years (2025-2027) to ensure sustainable and stable returns for investors while considering various operational and financial factors [1][2]. Group 1: Factors Considered in Dividend Planning - The company focuses on long-term sustainable development, taking into account operational performance, strategic goals, shareholder expectations, external financing costs, and industry characteristics [1]. - The profit distribution policy emphasizes reasonable returns to investors while adhering to legal regulations and maintaining operational stability [1]. Group 2: Specific Shareholder Return Plan (2025-2027) - The company will distribute profits in cash, stock, or a combination, prioritizing cash dividends [2]. - Cash dividends will be distributed only if the company has positive profits and cash flow, with specific conditions outlined for withholding dividends [2]. - The company aims to distribute at least 30% of the average distributable profit over the last three years in cash [3]. Group 3: Conditions for Stock Dividends - Stock dividends may be proposed if the company has positive undistributed profits and the stock valuation is reasonable, alongside meeting cash dividend conditions [4]. Group 4: Decision-Making Mechanism - The board will thoroughly discuss the profit distribution plan, considering independent directors' opinions and engaging with shareholders, especially minority shareholders [4][5]. - Any adjustments to the profit distribution policy must be justified and approved by the board and shareholders, ensuring transparency and protection of investor interests [5]. Group 5: Other Provisions - The plan will be executed in accordance with relevant laws and regulations, with the board responsible for its interpretation [6].

Core Viewpoint - China Shenhua Energy Co., Ltd. plans to implement a mid-term profit distribution for 2025, ensuring that at least 75% of the net profit attributable to shareholders is distributed in cash [1][2]. Group 1: Shareholder Return Plan - The company has approved a shareholder return plan for 2025-2027, committing to distribute no less than 65% of the net profit attributable to shareholders in cash each year during this period [1]. - The mid-term profit distribution for 2025 will be based on the net profit achieved in the first half of 2025, with a minimum distribution of 75% of that profit [2]. Group 2: Compliance and Governance - The board of directors and all members guarantee the accuracy and completeness of the announcement, ensuring compliance with regulatory requirements and shareholder demands [1]. - The company will adhere to relevant laws and regulations regarding information disclosure and will keep investors informed [2].

Core Viewpoint - The company has revised its shareholder return plan for the next three years (2024-2026) to enhance its shareholder return mechanism and protect investors' rights [1] Group 1: Factors Considered in the Plan - The plan considers long-term and sustainable development, profitability, operational plans, cash flow, reasonable returns for shareholders, social capital costs, and external financing environment [1] - The aim is to establish a continuous, stable, and scientific investor return mechanism while maintaining the continuity and stability of profit distribution policies [1] Group 2: Principles of the Plan - The plan must comply with relevant laws, regulations, and the company's articles of association, while considering the opinions of independent directors and minority shareholders [1] - It aims to balance reasonable returns for investors with the company's sustainable development [1] Group 3: Specific Content of the Shareholder Return Plan - The company can distribute dividends in cash or a combination of cash and stock, with cash dividends prioritized [2] - The cash dividend policy aims to provide stable returns based on profitability and future business strategies, with a minimum annual cash dividend of 10% of net profit attributable to shareholders [2] - Over three consecutive years, cash dividends must not be less than 30% of the average distributable profit [2] - The board can propose mid-term cash dividends based on the company's funding needs [2] Group 4: Conditions for Stock Dividend Distribution - Stock dividends can be distributed only after ensuring sufficient cash dividends and maintaining a reasonable capital structure [3] - Cash dividends must be distributed alongside stock dividends, not separately [3] Group 5: Decision and Adjustment Mechanism for Profit Distribution Policy - The profit distribution proposal must be approved by more than half of the board members and must include independent directors' opinions [4] - The policy can be adjusted based on changes in operational needs, major investments, and development plans, ensuring compliance with regulatory requirements [4][5] - The approval of profit distribution policy changes requires a two-thirds majority from shareholders [5]

北京中长石基信息技术股份有限公司 未来三年（2026 年-2028 年）股东回报规划 为建立健全北京中长石基信息技术股份有限公司（以下简称"公司"）科学、 持续、稳定的分红决策和监督机制，积极回报投资者，引导投资者树立长期投资 和理性投资理念，根据中国证监会《上市公司监管指引第 3 号——上市公司现金 、深圳证券交易所《上市公司自律监管指引第 1 号——主板上市公司规范 分红》 运作》等法律、法规、规范性文件的要求以及《北京中长石基信息技术股份有限 公司章程》 （以下简称"《公司章程》"）的规定，公司制定了《北京中长石基信息 技术股份有限公司未来三年（2026 年-2028 年）股东回报规划》。具体内容如下： 一、制定股东回报规划的考虑因素 公司着眼于长远、可持续发展，在综合分析企业经营发展实际、股东要求和 意愿、社会资金成本、外部融资环境等因素的基础上，充分考虑公司目前及未来 盈利规模、现金流量状况、发展所处阶段、项目投资资金需求、银行信贷及债权 融资环境等情况，建立对投资者持续、稳定、科学的回报机制，保持利润分配政 策的连续性和稳定性。 二、制定股东回报规划的原则 公司将坚持在符合相关法律法规、《公司章程 ...

Group 1 - The company has established a shareholder return plan for the next three years (2024-2026), emphasizing cash dividends as the primary principle [2] - The company aims to enhance its profitability to maintain investor confidence while focusing on its core business [2]

Core Viewpoint - The company has convened a special meeting of the independent directors to review and approve the proposal for issuing shares to specific targets, which is deemed compliant with relevant laws and regulations [1][2][5]. Group 1: Approval of Stock Issuance - The independent directors unanimously approved the proposal regarding the company's eligibility to issue shares to specific targets, agreeing to submit this proposal to the board for further review [1][2]. - The stock to be issued will be domestic listed RMB ordinary shares (A shares) with a par value of RMB 1.00 per share, and the issuance price is set at RMB 6.74 per share, which is not lower than 80% of the average trading price over the previous 20 trading days [2][3]. - The total number of shares to be issued will not exceed 59,347,181 shares, accounting for no more than 30% of the company's total share capital after excluding treasury shares [3][4]. Group 2: Use of Proceeds - The total amount to be raised from this issuance will not exceed RMB 400 million, which will be used entirely to supplement working capital and repay bank loans [4][5]. - The independent directors confirmed that the plan for the use of raised funds aligns with legal and regulatory requirements and does not harm the interests of shareholders, especially minority shareholders [8][9]. Group 3: Shareholder Return Plan - The company has established a shareholder return plan for the next three years (2025-2027) to ensure a stable profit distribution policy and protect investors' rights [8][9]. - The independent directors believe that this plan complies with relevant laws and regulations and does not harm the interests of shareholders [9][10]. Group 4: Related Party Transactions - The issuance of shares to the controlling shareholder, Henan Yuguang Jinlan Group Co., Ltd., constitutes a related party transaction, which has been deemed appropriate and reasonable by the independent directors [10][11]. - The independent directors have agreed to the signing of a subscription agreement with conditions precedent, ensuring compliance with legal and regulatory standards [11][12]. Group 5: Authorization for Issuance - The company seeks authorization from the shareholders' meeting for the board of directors to handle all matters related to the issuance of shares to specific targets, including adjustments based on market conditions [12][13]. - This authorization will remain valid until the completion of the issuance-related matters [13][14]. Group 6: Previous Fund Usage Report - The company has prepared a special report on the usage of previously raised funds, which has been verified by an accounting firm, confirming compliance with legal and regulatory requirements [15][16].

河南豫光金铅股份有限公司董事会 战略及投资委员会 2025 年第二次会议决议 河南豫光金铅股份有限公司（以下简称"公司"）董事会战略及投资委员会 决委员三名，实际参加表决委员三名，会议的召开符合《公司章程》及《公司董 事会战略及投资委员会实施细则》的有关规定。会议审议通过了以下议案： 一、审议通过《关于公司符合向特定对象发行股票条件的议案》 根据《公司法》《中华人民共和国证券法》（以下简称《证券法》）、《上市公 司证券发行注册管理办法》 （以下简称《注册管理办法》）等相关法律、法规及规 范性文件的规定，我们对公司申请向特定对象发行股票的资格和条件进行了认真 审查，认为公司符合向特定对象发行股票的各项资格和条件，同意《关于公司符 合向特定对象发行股票条件的议案》，并同意将本议案提交公司第九届董事会第 十九次会议审议。 表决结果：赞成票 3 票，反对票 0 票，弃权票 0 票 本议案尚须董事会审议通过后提交公司股东会审议。 二、审议通过《关于公司 2025 年度向特定对象发行股票方案的议案》 根据《公司法》 《证券法》 《注册管理办法》等相关法律、行政法规、规范性 文件和《公司章程》的相关规定，公司结合实际情况， ...

本规划的制定应符合相关法律法规及《公司章程》中有关利润分配的规定， 充分考虑和听取独立董事和社会公众股东的意见，重视对股东的合理投资回报并 兼顾公司的可持续发展，保持公司利润分配政策的连续性和稳定性，并优先采用 现金分红的利润分配方式。 河南豫光金铅股份有限公司 未来三年（2025-2027年）股东回报规划 河南豫光金铅股份有限公司（以下简称"公司"）拟申请向特定对象发行 A 股股票，为进一步增强回报股东意识，建立和健全公司股东回报机制，公司董事 会根据中国证监会《中华人民共和国公司法》（以下简称《公司法》）、《上市 公司监管指引第 3 号——上市公司现金分红》和《河南豫光金铅股份有限公司章 程》（以下简称《公司章程》）的有关规定，结合公司实际发展情况，制定了《河 南豫光金铅股份有限公司未来三年（2025-2027 年）股东回报规划》（以下简称 "本规划"），具体内容如下： 一、制订本规划的主要考虑因素 公司着眼于长远和可持续发展，在综合分析企业经营发展战略、股东要求 和意愿、社会资金成本、外部融资环境等因素的基础上，充分考虑公司目前及 未来的财务结构、盈利能力、现金流量状况、发展所处阶段、项目投资资金需 求 ...

证券研究报告 | 公司动态点评 2025 年 08 月 13 日 塔牌集团（002233.SZ） 量增本降助力业绩高增，回购+高股息展现投资价值 作者 分析师 花 江月 执业证书编号：S1070522100002 | 财务指标 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 5,535 | 4,278 | 4,413 | 4,532 | 4,769 | | 增长率 yoy（%） | -8.3 | -22.7 | 3.2 | 2.7 | 5.2 | | 归母净利润（百万元） | 742 | 538 | 676 | 742 | 802 | | 增长率 yoy（%） | 178.5 | -27.5 | 25.7 | 9.7 | 8.1 | | ROE（%） | 6.2 | 4.6 | 5.7 | 6.0 | 6.4 | | EPS 最新摊薄（元） | 0.62 | 0.45 | 0.57 | 0.62 | 0.67 | | P/E（倍） | 13.7 | 18.8 | 15.0 ...

全体股东的整体利益及公司的可持续发展；公司利润分配不得超过累计可分配 利润总额，不得损害公司持续经营能力； 二、未来三年股东回报规划（2025-2027） （一）公司利润分配具体政策 北京海兰信数据科技股份有限公司 为进一步规范和完善公司的利润分配政策，增强利润分配的透明度，保证 投资者分享公司的发展成果，引导投资者形成稳定的回报预期，北京海兰信数 据科技股份有限公司（以下简称"公司"）董事会根据中国证监会《关于进一步 落实上市公司现金分红有关事项的通知》（证监发[2012]37 号文）、《上市公司监 管指引第 3 号——上市公司现金分红》（证监会公告[2023]61 号文）等文件的指 示精神和《北京海兰信数据科技股份有限公司章程》（以下简称"《公司章程》"） 等相关文件规定，结合公司实际情况，制定了《北京海兰信数据科技股份有限 公司未来三年股东回报规划（2025 年—2027 年）》（以下简称"股东回报规划"）， 具体内容如下： 一、公司制定股东回报规划的原则 规定比例向股东分配股利； 配股利。在有条件的情况下，公司可以进行中期利润分配。 除特殊情况外，公司在当年盈利且累计未分配利润为正的情况下，采取现 金 ...