Dividend announcement: change from "every 10 shares" to "per share," Bank of Communications correction

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【By Yu Fan, Gold and Finance Studio】

On the evening of March 30, Bank of Communications issued a corrigendum, revising its previously disclosed 2025 profit distribution plan. The core reason is that the original announcement contained a text proofreading error and did not accurately verify the wording related to the dividend distribution.

According to the announcement, the core change in this corrigendum is a deviation in the wording of the profit distribution plan. The original announcement mistakenly wrote the 2025 full-year profit distribution plan as “cash dividend of 3.247 yuan per share (tax included)”. After the correction, it is clearly adjusted to “cash dividend of 3.247 yuan per 10 shares (tax included)”. Bank of Communications stated in the corrigendum that this wording error was caused by “not being strict enough in proofreading.” Other related content in the original announcement concerning profit distribution remains unchanged, and no further adjustments were made besides the text mistake.

At the same time, the bank apologized to investors for the inconvenience caused by this wording error, and also made it clear that it will further strengthen the preparation and review process for information disclosure, improve its review mechanism, effectively enhance the quality of information disclosure, and safeguard investors’ legitimate rights and interests.

Public financial report data shows that Bank of Communications in 2025 maintained steady operating performance, and all key performance indicators achieved positive growth. In that year, the bank’s total operating income was 265.71 billion yuan, up 2.02% year over year; net profit attributable to shareholders of the parent company was 95.62B yuan, up 2.18% year over year; and net profit after deducting non-recurring gains and losses was 95.28B yuan, up 2.76% year over year. Overall profitability remained stable, providing solid support for profit distribution.

For the 2025 profit distribution involved in this corrigendum, using the bank’s total number of ordinary shares outstanding as of December 31, 2025—88.36B shares—as the calculation base, the distribution will be implemented to all A-share and H-share shareholders. Specifically, the bank’s annual regular cash dividend is 1.684 yuan per 10 shares (tax included), corresponding to a total cash dividend amount of 14.88B yuan. In addition, the semi-annual dividend already distributed earlier in 2025, namely 1.563 yuan per 10 shares (tax included), means that the total cash dividend for the full year 2025 accumulates to 3.247 yuan per 10 shares (tax included). The total annual cash dividend amount reaches 28.69B yuan. Based on calculations, the cash dividend payout ratio is 32.3%, meaning that the total dividend amount accounts for 32.3% of net profit attributable to ordinary shareholders of the parent company. It is worth noting that Bank of Communications has maintained a cash dividend payout ratio of more than 30% for 14 consecutive years, indicating strong stability and continuity in its dividend policy.

As of now, Bank of Communications has not provided any additional related explanations regarding this corrigendum. The subsequent implementation arrangements for the profit distribution will still be carried out according to the corrigendum. This text proofreading error did not affect the bank’s operating performance, the total profit distribution amount, or investors’ actual rights and interests. The market response has been relatively calm.

This article is an exclusive report by Observer Network. Without authorization, it may not be转载.

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