Core Viewpoint - Gree Electric Appliances announced a cash dividend distribution plan for 2025, proposing a distribution of 10 yuan per 10 shares to all shareholders, totaling over 5.585 billion yuan, with no stock dividends or capital reserve transfers [1][3]. Group 1: Dividend Distribution Details - The cash dividend will be distributed based on a total share count of 5.585 billion shares, excluding 16.267 million repurchased shares [1]. - The total cash dividend payout amounts to over 5.585 billion yuan, with undistributed profits carried forward to future distributions [1]. - The dividend represents approximately 38.7% of the company's net profit for the year, indicating a high proportion for a mid-term dividend [3]. Group 2: Historical Dividend Performance - Gree Electric has maintained a high dividend level since its listing in 1996, ranking 7th and 8th in cumulative dividends among A-share companies (excluding financial and oil sectors) over the last ten and five years, respectively [3]. - Cumulatively, Gree Electric has distributed over 177.6 billion yuan in dividends since its listing, with over 172.2 billion yuan distributed since 2012 [3]. - In 2025, the total dividend for the 2024 fiscal year reached 16.755 billion yuan, accounting for 52% of the net profit attributable to shareholders [3]. Group 3: Company Financial Health - For the first half of 2025, Gree Electric reported a net profit of 14.412 billion yuan, a year-on-year increase of 1.95%, with a non-recurring net profit of 13.946 billion yuan, showing a slight increase of 0.59% [3]. - The company’s net profit margin has remained stable, and its cash flow is robust, providing a solid foundation for the mid-term dividend distribution [4]. Group 4: Shareholder Information - The cash dividends will be distributed to major shareholders, including Chairman Dong Mingzhu, who holds 1.008 million shares, representing 1.8% of the company, and is the sixth-largest shareholder [6]. - The largest shareholder, Zhuhai Mingjun Investment Partnership, holds approximately 15% of the shares and is considered a concerted actor with Dong Mingzhu [6].