Over 500 A-share companies have disclosed their annual reports, with nearly 94% of profit entities covering dividends.

Securities Times Reporter Zhang Yifan

As of March 26 at 9 PM, 501 listed companies in the A-share market have disclosed their financial statements for the fiscal year 2025, with the disclosure rate approaching 10%. The performance of listed companies is gradually forming a trend, and industries with high prosperity are becoming increasingly evident. Meanwhile, listed companies are increasing their dividend payouts, with 406 companies announcing their year-end dividend plans, accounting for nearly 94% of profitable listed companies, and the total scale of year-end dividends has exceeded 375 billion yuan.

From the currently disclosed financial reports of listed companies, the semiconductor industry has performed impressively, with nearly all related companies achieving both revenue and profit growth. Baiwei Storage and Demingli have seen revenues surpass 10 billion yuan, and Cambricon has achieved profitability for the first time, officially removing the “U” designation from its stock abbreviation. Cambricon stated that in 2025, the global artificial intelligence industry is entering a fast growth lane, and demand for computing power, as the foundational cornerstone of AI applications, is showing a rapid upward trend.

The prosperity of the semiconductor industry is expected to continue this year. Executives from Baiwei Storage indicated during the performance briefing after the financial report that this round of storage price increases was triggered by the explosive demand for AI computing power. According to market opinions, the supply-demand gap pressure is unlikely to ease in the short term. The company believes that the storage market will remain relatively prosperous this year and will continue to monitor future industry development trends.

In 2025, the penetration rate of new energy vehicles has exceeded 50% for the first time, achieving a historic breakthrough, with companies in the supply chain also delivering impressive results.

As a global leader in power batteries, CATL currently ranks first in the industry with a net profit attributable to shareholders of 72.201 billion yuan, achieving a year-on-year growth of 42%. CATL admitted at the performance meeting that due to short-term capacity shortages leading to some orders being outsourced, the company’s capacity utilization rate remains relatively saturated amid strong market demand.

Fuyao Glass achieved a net profit growth of 24.2% year-on-year to reach 9.312 billion yuan last year. The company stated that under the trends of consumption upgrading and technological iteration, the market demand for high value-added products is increasingly strong, presenting a new strategic opportunity for the company.

Traditional industries also have highlights, with the non-bank financial sector showing widespread performance growth. In the insurance industry, China Life’s total premiums exceeded 700 billion yuan for the first time last year, achieving a net profit attributable to shareholders of 154.078 billion yuan, a year-on-year increase of 44.1%. China Life’s Chairman Cai Xiliang described the performance in 2025 as “full house red.”

In the brokerage industry, East Money achieved a net profit of 12.085 billion yuan attributable to shareholders, a year-on-year increase of 25.75%. The company has empowered its various products and business lines through the introduction of creative AI capabilities, enhancing the user’s one-stop wealth management experience with AI+ functionalities.

The bull market in colored metals, represented by gold, has ultimately translated into performance growth for related listed companies. With both volume and price rising, Zijin Mining’s net profit in 2025 has surpassed 50 billion yuan, a year-on-year increase of 61.55%. Zijin Mining’s concurrently disclosed sustainability report shows that the company has accelerated the adaptation for electrification and the application of clean energy such as photovoltaic, wind, and hydropower, achieving a renewable energy ratio that exceeds 28.62% after reaching its carbon reduction target for 2025 a year in advance.

The further enhancement of shareholder return awareness has become a new highlight, with 406 out of the 501 listed companies that have disclosed annual reports proposing dividend plans, accounting for nearly 94% of profitable companies. Companies such as Wohua Pharmaceutical, Guidance Compass, and Chip导科技 have completed dividend distribution early in their annual reports.

In terms of amounts, the total scale of year-end dividends from 397 listed companies has exceeded 375 billion yuan, with China Mobile, CATL, and China National Offshore Oil Corporation reaching dividend scales of 48.2 billion yuan, 31.5 billion yuan, and 23.1 billion yuan, respectively. Additionally, companies like China Life, Sinopec, and Foxconn Industrial Internet have year-end dividend scales exceeding 10 billion yuan. China Mobile revealed that to better reward shareholders and share development results, the company has fully considered profitability, cash flow, and future development needs, indicating that the dividend payout ratio will steadily increase in 2026.

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