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 21:00 on March 26, a total of 501 listed companies in the A-share market have disclosed their financial statements for the year 2025, with the disclosure rate approaching 10%. The performance of listed companies is gradually connecting the dots, and industries with high prosperity are becoming increasingly apparent. At the same time, listed companies are increasing their dividend payouts; currently, 406 listed companies have announced their year-end dividend plans, accounting for nearly 94% of profitable listed companies, with the total scale of year-end dividends exceeding 375 billion yuan.

From the listed companies that have disclosed their financial statements so far, the semiconductor industry has performed remarkably well, with almost all relevant listed companies achieving both revenue and profit growth. Bawen Storage and Demingli have both surpassed 10 billion yuan in revenue, and Cambrian has achieved profitability for the first time, officially removing the “U” designation from its stock name. Cambrian stated that in 2025, the global artificial intelligence industry will enter a fast growth lane, with demand for computing power, as the underlying cornerstone of AI applications, showing a rapid upward trend.

The improvement in the prosperity of the semiconductor industry is expected to continue this year. Executives from Bawen Storage stated at a performance briefing following the financial report that the current round of storage price increases has been 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 track the future development trends of the storage industry.

In 2025, the penetration rate of new energy vehicles will exceed 50% for the first time, marking a historic breakthrough, and companies in the supply chain are also delivering impressive results.

As the 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 increase of 42%. CATL admitted at the performance meeting that due to a lack of short-term production capacity in the context of strong market demand, some orders have overflowed. Currently, the company’s capacity utilization rate remains at a relatively saturated level.

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

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

In the brokerage industry, Dongfang Caifu achieved a net profit attributable to shareholders of 12.085 billion yuan, a year-on-year increase of 25.75%. The company empowers its various products and business lines by introducing innovative AI capabilities, enhancing the one-stop wealth management experience for users through AI+ functions.

The bullish market for colored metals represented by gold has ultimately resulted in performance growth for relevant listed companies. With both volume and price rising, Zijin Mining’s net profit in 2025 has surpassed 50 billion yuan for the first time, a significant increase of 61.55% year-on-year. Zijin Mining’s simultaneously disclosed sustainable development report shows that the company has accelerated its high-adaptability electrification transformation and the application of clean energy sources such as photovoltaics, wind, and hydropower, currently exceeding 28.62% in renewable energy proportion.

The further enhancement of shareholder return awareness has become a new highlight; among the 501 listed companies that have disclosed their annual reports, 406 have proposed dividend plans, accounting for nearly 94% of profitable companies. Companies that disclosed their annual reports earlier, such as Wohu Pharmaceutical, Compass, and Xindao Technology, have completed their dividend distribution.

In terms of amount, the total scale of year-end dividends for 397 listed companies has surpassed 375 billion yuan. China Mobile, CATL, and China National Offshore Oil Corporation have year-end dividend scales of 48.2 billion yuan, 31.5 billion yuan, and 23.1 billion yuan, respectively. Additionally, companies such as 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 status, and future development needs, and the dividend payout ratio will steadily increase in 2026.

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