Bank of Communications issues an urgent apology! The dividend announcement mistakenly wrote "per 10 shares" as "per share"

MaticHoleFiller · 2026-04-09T12:01:12+00:00

Bank of Communications announced a typo in their 2025 profit distribution plan on March 27, mistakenly stating the dividend per share, which should have been 1.684 yuan per 10 shares. On March 30, the bank issued a correction notice, promising to improve the quality of information disclosure. The bank achieved operating revenue of 265.07B yuan and net profit of 95.62B yuan in 2025.

MaticHoleFiller

2026-04-09 12:01:12

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Editor｜Ye Yin

On March 31, the Shanghai Stock Exchange main board listed company Bank of Communications (601328.SH) issued a correction announcement. The company said that on March 27, it had disclosed the 《Bank of Communications Co., Ltd. 2025 Profit Distribution Plan Announcement》, but due to insufficient proofreading, the original announcement contained a textual error.

Image source: company announcement

According to the 《Bank of Communications Co., Ltd. 2025 Profit Distribution Plan Announcement》 released by Bank of Communications on March 27 (Announcement No.: Lin 2026-006), the bank plans to use the total ordinary share capital of 88.364 billion shares as of December 31, 2025 as the basis to distribute cash dividends to registered A-share and H-share shareholders. The specific plan includes: distributing a cash dividend of RMB 1.684 per 10 shares (tax included), totaling RMB 14.88 billion in cash dividends. On this basis, together with the already distributed 2025 interim dividend (RMB 1.563 per 10 shares), Bank of Communications will distribute a total of RMB 28.692 billion in cash dividends for the full year of 2025, with a cash dividend payout ratio of 32.3%.

However, a key error appeared in the summary statement portion of the announcement. The original announcement stated: “The bank’s cash dividend for the full year of 2025 will be RMB 3.247 per share (tax included),” but the correct statement should be: “The bank’s cash dividend for the full year of 2025 will be RMB 3.247 per 10 shares (tax included).” This error means that if the wrong wording were understood, Bank of Communications’ per-share dividend for 2025 would be RMB 3.247 rather than the actual RMB 0.3247, and the total dividend would differ by a factor of ten.

After discovering the error, on March 30 Bank of Communications urgently issued a correction announcement. In the announcement, Bank of Communications apologized for the textual error caused by inadequate proofreading, and promised to “further strengthen the preparation and review of information disclosure to ensure the quality of information disclosure.” The bank emphasized that, aside from the above correction, no other content of the announcement has been modified.

This information disclosure error occurred as Bank of Communications released its 2025 performance report. According to the annual report disclosed by the bank earlier, in 2025 Bank of Communications achieved operating income of RMB 265.071 billion, up 2.02% year over year; it achieved net profit attributable to shareholders of the parent company of RMB 95.622 billion, up 2.18% year over year. As of the end of 2025, the bank’s total assets reached RMB 15.5 trillion, up 4.35% from the end of the previous year.

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