【导读】中上协发布2025年上市公司现金分红榜单 来源：中国上市公司协会 近年来，在新 "国九条"和现金分红新规等政策的引导下，提高投资者回报已经成为上市公司 的"必修课"，我国资本市场进入"重回报"的新阶段，塑造共建共享的资本市场新生态。为引 导上市公司树立回报投资者的理念，增强分红意识，中国上市公司协会 结合现金分红 规则 要求， 编制发布 2025 年上市公司现金分红榜单 1 。 2025 年上市公司现金分红榜单以现金分红客观数据 2 为基础，综合考量多维因素，最终形成 现金分红总额、股利支付率、股息率三个榜单 3 （详见附件），每个榜单 100 家公司。 一是 强调诚信合规底线 ，将违法违规、资本市场诚信、审计意见等作为前置条件，将异常分红行 为纳入负面调整因素，对不合规的公司 "一票否决"。 二是注重分红连续性、稳定性 。榜单 对分红数据进行三到五年的长周期评价，并增加多年连续分红、分红连续增长等前置条件， 鼓励公司连续分红、稳定分红、多次分红，与投资者共享公司长期发展带来的收益和回报。 三是注重多维度评价 。榜单综合考量上市公司分红金额和分红比例，将绝对指标和相对指标 相结合，发挥对不同规模、不同 ...

从沪深A股上市公司的总体分红数据来看，各项政策的牵引带动和市场引导作用明显，2024年度上市公 司分红意识不断增强，用"真金白银"积极回报投资者。 一是上市公司现金分红总额再创历史新高，整体分红水平稳中有升。2024年度沪深A股上市公司现金分 红总额为2.4万亿元，较2023年度增加9%。有9家上市公司2024年度现金分红金额超过500亿元，33家上 市公司分红金额超过100亿元，61家上市公司分红金额超过50亿元。 二是上市公司分红的连续性逐年增强，连续分红的上市公司数量逐年增多。2024年度连续分红公司的数 量和占比，较去年同期均有所上升，在4445家上市满三年的沪深A股上市公司中，2447家近三年连续现 金分红，数量较2023年度增长12%；在3569家上市满五年的沪深A股上市公司中，1681家近五年连续现 金分红，数量较2023年度增长6%，其中210家近五年分红连续增长。 三是上市公司持续为投资者创造可预期的收益，股债利差创近年来新高。沪深A股有466家上市公司近 三年平均股息率超过3%，有133家近三年平均股息率超过5%，股息率榜单公司近三年平均股息率为 6.73%，上市公司股息率已显著高于一些经 ...

中上协表示，从沪深A股上市公司的总体分红数据来看，各项政策的牵引带动和市场引导作用明显， 2024年度上市公司分红意识不断增强，用"真金白银"积极回报投资者。 一是上市公司现金分红总额再创历史新高，整体分红水平稳中有升。2024年度沪深A股上市公司现金分 红总额为2.4万亿元，较2023年度增加9%。有9家上市公司2024年度现金分红金额超过500亿元，33家上 市公司分红金额超过100亿元，61家上市公司分红金额超过50亿元。 二是上市公司分红的连续性逐年增强，连续分红的上市公司数量逐年增多。2024年度连续分红公司的数 量和占比，较去年同期均有所上升，在4445家上市满三年的沪深A股上市公司中，2447家近三年连续现 金分红，数量较2023年度增长12%；在3569家上市满五年的沪深A股上市公司中，1681家近五年连续现 金分红，数量较2023年度增长6%，其中210家近五年分红连续增长。 三是上市公司持续为投资者创造可预期的收益，股债利差创近年来新高。沪深A股有466家上市公司近 三年平均股息率超过3%，有133家近三年平均股息率超过5%，股息率榜单公司近三年平均股息率为 6.73%，上市公司股息率已显 ...

| 30 | 601601.SH | 中国太保 | 80 | 601985.SH | 中国核电 | | --- | --- | --- | --- | --- | --- | | 31 | HS'910009 | 民生银行 | 81 | 601838.5H | 成都银行 | | 32 | 45'616009 | 江苏银行 | 82 | 600025.SH | 华能水电 | | 33 | 002594.SZ | 比亚迪 | 83 | 601077.SH | 渝农商行 | | 34 | 000568.SZ | 湖北之以 | 84 | 688036.SH | 传言控股 | | 32 | 601319.5H | 中国人保 | 85 | 600926.SH | 杭州银行 | | 36 | 600030.SH | 中信证券 | 86 | 600886.SH | 国投电力 | | 37 | 600887.SH | 伊利股份 | 87 | 600104.SH | 上汽集团 | | 38 | 601899.SH | 三分彩彩 | 88 | 25'596T00 | 招商公路 | | 39 | HS'069009 | 海尔智家 | ...

Core Viewpoint - Recently, AVIC Heavy Machinery (600765.SH) revised its company articles to include a commitment to distribute at least 30% of the annual net profit attributable to shareholders as cash dividends, reflecting the company's dedication to enhancing investor returns and market value management [1][2]. Group 1: Dividend Policy and Corporate Governance - The new articles of association institutionalize a minimum cash dividend distribution of 30% of the annual net profit, showcasing the company's commitment to stable returns for investors [1]. - This move aligns with national policies aimed at improving the quality of listed companies and enhancing investor return mechanisms, particularly encouraging state-owned enterprises to adopt stable dividend and buyback strategies [1][2]. - AVIC Heavy Machinery has maintained a leading position in shareholder returns over the past two years, with a consistent 30% dividend payout ratio, indicating strong fundamental support [2]. Group 2: Financial Performance and Market Position - In 2023, the company achieved a net profit of 1.329 billion yuan, with cash dividends totaling 399 million yuan, maintaining a 30% payout ratio [2]. - For 2024, the projected net profit is 640 million yuan, with cash dividends expected to be 192 million yuan, again sustaining the 30% payout ratio [2]. - The company reported a revenue of approximately 5.751 billion yuan for the first half of 2025, a year-on-year decrease of about 4.5%, but still meeting 50.01% of its annual target [2]. - In Q2, the company achieved revenue of approximately 3.445 billion yuan, a year-on-year increase of about 11.20%, while net profit attributable to shareholders was approximately 289 million yuan, reflecting a year-on-year decrease of about 28.82% [3]. - The commercial aviation business grew by approximately 22% year-on-year, and the civil business grew by approximately 25%, indicating strong operational resilience during industry adjustments [3].

Group 1 - The chairman of Shenzhen Rui Ming Technology Co., Ltd. proposed a mid-year cash dividend for 2025, suggesting a distribution of no less than 4 yuan per 10 shares to all shareholders [1][2] - The proposal aims to enhance the company's investment value, share development results with investors, and promote high-quality development based on confidence in the company's long-term prospects and financial outlook [1] - The specific profit distribution plan will be determined by the company in conjunction with its operational situation and will require approval from the board of directors, supervisory board, and shareholders' meeting [2] Group 2 - The board of directors believes that the proposal complies with legal regulations and the company's articles of association, aligning with the company's actual situation and future development needs [2] - The proposal is subject to approval by the board of directors, supervisory board, and shareholders' meeting, indicating that there is uncertainty until the necessary approvals are obtained [2]

Core Viewpoint - The company proposes to authorize the board of directors to formulate a mid-term dividend plan for 2025, aiming to enhance investor returns and confidence in the company's future development [1][2]. Group 1: Mid-term Dividend Arrangement - The mid-term dividend plan for 2025 is contingent upon the company having positive distributable profits after covering losses and allocating reserves [1]. - The maximum amount for the mid-term cash dividend will be limited to the net profit attributable to shareholders for the corresponding period [1]. - The board of directors seeks authorization from the shareholders' meeting to simplify the mid-term dividend process, allowing the board to determine the specific dividend amount, frequency, and implementation timing based on actual conditions [2]. Group 2: Approval Procedures and Opinions - The proposal for authorizing the board to formulate the mid-term dividend plan has been approved by the company's ninth board of directors during its fifth temporary meeting and is submitted for review at the 2024 shareholders' meeting [2]. - The supervisory board has also approved the proposal, affirming its compliance with relevant laws and regulations, and stating that it will not harm the interests of the company or shareholders, particularly minority shareholders [2].

Core Insights - The report released by the China Securities Association on May 8 indicates that 5,412 listed companies have published their 2024 annual reports as of May 7, excluding those that delayed disclosures [1] - A total cash dividend of nearly 2.4 trillion yuan has been announced, marking a historical high, with an average dividend payout ratio of 37.78% [1] - The proportion of profitable companies planning to distribute cash dividends has increased to 89.20%, with 2,093 companies having paid cash dividends for five consecutive years [1] Summary by Categories - **Dividend Distribution** - 3,751 listed companies have announced or implemented cash dividend plans for 2024 [1] - 265 companies have cash dividends exceeding 1 billion yuan, and 33 companies have dividends exceeding 10 billion yuan [1] - The number of companies implementing quarterly or semi-annual dividends has increased significantly to 1,013 [1] - **Payout Ratios** - The average dividend payout ratio across the market stands at 37.78% [1] - 1,277 companies have a payout ratio exceeding 50% [1]

云南铜业: 关于2024年度利润分配预案的公告 证券代码：000878 证券简称：云南铜业 公告编号：2025-017 云南铜业股份有限公司 公司本次现金分红预案不触及《深圳证券交易所股票上 市规则》第 9.8.1 条规定的可能被实施其他风险警示情形。 一、审议程序 云南铜业股份有限公司（以下简称云南铜业或公司） 于 2025 年 3 月 24 日召开第九届董事会第三十五次会议和第 九届监事会第二十六次会议，审议通过了《公司 2024 年度 利润分配的预案》。 该预案尚需提请公司 2024 年年度股东大会审议。 二、利润分配和资本公积金转增股本方案的基本情况 （一）本次利润分配和资本公积金转增股本方案的基本内 容 报表实现归属于母公司所有者净利润 1,264,690,204.48 元， 母公司实现净利润 132,227,424.58 元，提取法定盈余公积 加上年初未分配利润 2,387,468,633.45 元， 扣除实际分配的现金股利 661,197,342.30 元，截止 2024 年 预计分配现金股利人民币 480,870,794.40 元，不进行资本公 积金转增股本。 的比例为 42.78%。 （二） ...

上市公司现金分红要量力而行 最近几年，管理层一直都在倡导现金分红，鼓励上市公司用更多的现金分红来回报投资者。为此， 管理层还鼓励上市公司多次分红、春节分红，以增加投资者的获得感。正是在管理层的大力倡导下，现 金分红成了A股市场一道亮丽的风景。 不过，并不是所有上市公司的现金分红行为都会得到市场的追捧。最近就有两家上市公司的分红事 宜在市场上引起争议，甚至受到非议。 一家是D公司。该公司2024年净利润仅1.08亿元，较上年大幅下降95.24%，却推出了拟分红44.19亿 元的现金分红预案。 另一家是J公司。2月20日，该公司实施了2024年前三季度利润分配方案，每股派发现金红利0.88元 （含税），共计派发现金红利4.08亿元。然而，该公司发布的2024年业绩预告显示，公司2024年预计实 现归属于上市公司股东的净利润为-3.5亿元到-4.5亿元，与上年同期相比，将出现亏损。一边分红，一 边亏损，该公司的现金分红事宜同样受到市场的争议。 一是考虑上市公司盈利能力。盈利能力强的企业，现金分红可多分；盈利能力弱的企业，现金分红 要少分；年度亏损的企业，尽可能不分或少分，避免高分红。 二是考虑上市公司下一步发展需要 ...