Over 500 companies have disclosed annual reports, with profit sharing coverage reaching nearly 94%

Securities Times Reporter Zhang Yifan

As of 9 p.m. on March 26, 501 A-share listed companies have disclosed their financial statements for 2025, covering nearly 10% of listed companies. The performance of listed companies is gradually forming a trend, and industries with high prosperity are beginning to emerge. Meanwhile, companies are increasing dividend payouts; currently, 406 companies have announced year-end dividend plans, accounting for nearly 94% of profitable listed companies. The total year-end dividends have exceeded 375 billion yuan.

Among the listed companies that have disclosed their financial reports, the semiconductor industry performed exceptionally well, with almost all companies achieving double growth in revenue and profit. Bawei Storage and Demingli both surpassed 10 billion yuan in revenue, Cambrian achieved its first profit, and the stock abbreviation officially removed the “U” designation. Cambrian stated that in 2025, the global AI industry will enter a fast-growth phase, with computing power as the foundational element of AI applications, and demand is rapidly increasing.

The prosperity of the semiconductor industry is expected to continue this year. A senior executive from Bawei Storage said during the earnings presentation that the current storage price increase is driven by explosive demand for AI computing power. Market views suggest that the supply-demand gap will be difficult to alleviate 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 will exceed 50% for the first time, achieving a historic breakthrough, with industry chain companies also delivering impressive results.

As a global leader in power batteries, CATL (300750) currently ranks first in the industry with a net profit attributable to parent company of 72.201 billion yuan, a 42% year-on-year increase. CATL admitted at the earnings meeting that under strong market demand, some orders have been spilled over due to short-term capacity shortages. Currently, the company’s capacity utilization rate remains relatively saturated.

Fujian Fuxin Glass achieved a net profit of 9.312 billion yuan last year, a 24.2% increase year-on-year. The company stated that under the trends of consumption upgrading and technological iteration, demand for high value-added products is growing rapidly, bringing new strategic opportunities.

Traditional industries also show bright spots, with non-bank financial sectors generally increasing performance. In the insurance industry, China Life (601628) saw its total premiums exceed 700 billion yuan for the first time last year, with net profit attributable to shareholders reaching 154.078 billion yuan, a 44.1% increase year-on-year. China Life Chairman Cai Xiliang described 2025’s performance as “a full house of red.”

In the brokerage sector, East Money (300059) achieved a net profit attributable to parent of 12.085 billion yuan, a 25.75% increase. The company has introduced MiaoXiang AI capabilities to empower various products and business lines, enhancing the one-stop wealth management experience for users.

The bull market in non-ferrous metals, represented by gold, has ultimately translated into performance growth for related listed companies. With rising prices and volume, Zijin Mining (601899) saw its net profit in 2025 surpass 50 billion yuan for the first time, a 61.55% increase year-on-year. Zijin Mining’s sustainability report also shows that, on the basis of completing its 2025 carbon reduction goals one year ahead of schedule, the company is accelerating electrification upgrades and the application of renewable energy sources such as solar, wind, and hydropower. Currently, renewable energy accounts for over 28.62%.

The further enhancement of shareholder return awareness has become a new highlight. Among the 501 companies that have disclosed annual reports, 406 have proposed dividend plans, accounting for nearly 94% of profitable companies. Companies that disclosed their annual reports earlier, such as WoHua Medicine (002107), Zhinan, and XinDao Technology, have already completed dividend payments.

In terms of amount, the total dividends of 397 companies have exceeded 375 billion yuan. China Mobile, CATL, and CNOOC have year-end dividend scales of 48.2 billion yuan, 31.5 billion yuan, and 23.1 billion yuan, respectively. Other companies like China Life, Sinopec (600028), and Industrial Fuxin have also paid over 10 billion yuan in dividends. China Mobile stated that to better reward shareholders and share development results, considering profitability, cash flow, and future development needs, the dividend payout ratio in 2026 will gradually increase.

(Edited by: Zhang Yang HN080)

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