Big dividend payouts have arrived! These 5 companies break through 10 billion yuan, with the highest exceeding 30 billion yuan

A-shares’ 2025 annual report cash dividends are being distributed intensively, and listed companies are steadily increasing their shareholder returns.

According to Securities Times · Data Treasure statistics, as of the close on March 24, 224 companies have announced their annual dividend plans, with a total cash dividend of 171.068 billion yuan, including 27 companies with dividends exceeding 1 billion yuan.

Five companies with annual dividends exceeding 10 billion yuan

Data shows that the top of the dividend list is quite prominent. Among the 27 companies with dividends over 1 billion yuan, five leading enterprises—CATL, Sinopec, Industrial Fulian, CITIC Bank, and Zijin Mining—have surpassed 10 billion yuan.

CATL has the highest total dividend, planning to distribute 69.57 yuan (tax included) in cash dividends per 10 shares to all shareholders, totaling 31.532 billion yuan, the highest dividend record since the company’s listing. The company’s 2025 performance continues to grow rapidly, with operating revenue of 423.702 billion yuan, up 17.04% year-over-year, and net profit attributable to parent of 72.201 billion yuan, up 42.28%.

Sinopec follows closely, with a cash dividend of 0.112 yuan (tax included) per share, totaling 13.544 billion yuan (tax included). The annual report shows that due to significant drops in international crude oil prices and sluggish chemical market gross margins, the company’s performance declined significantly year-over-year. However, cash flow from operating activities remains ample, and financial health is stable. The total cash dividend per share is 0.2 yuan, and after combining with share repurchases, the annual profit distribution ratio reaches 81%.

In terms of market performance, since March, the stock prices of companies that have announced dividend plans have generally retreated, with an average decline of 10.37%. However, companies with large dividends over 1 billion yuan have been relatively resilient, with 27 such companies seeing an average stock price decline of 5.77%. Baofeng Energy, CATL, CITIC Bank, and Satellite Chemical have all gained over 10% in total.

19 large dividend companies see net profit attributable to parent grow

Among the 27 companies with dividend plans exceeding 1 billion yuan, 19 reported year-over-year growth in net profit attributable to parent, accounting for over 70%. High-growth listed companies tend to show stronger dividend willingness.

Shenghong Technology had the highest growth, with net profit attributable to parent reaching 4.312 billion yuan in 2025, up 273.52% year-over-year, and planning to distribute 1.74 billion yuan in cash dividends. The company’s annual report states that it has seized the historic opportunity of AI computing power technology innovation and data center upgrades, continuously consolidating its technological leadership in the global PCB manufacturing field. Its overseas business performed strongly, with direct export revenue of 14.821 billion yuan, up 126.88%.

WuXi AppTec’s growth was also significant, with net profit attributable to parent reaching 19.151 billion yuan, up 102.65%. The company stated in its annual report that its performance is closely related to the development of the global pharmaceutical industry and investment in new drug R&D. Driven by the booming global pharmaceutical industry, the company’s main business has broad development prospects, and the global pharmaceutical market size and demand for R&D services are expected to continue growing.

More than 40 companies in the electronics industry distributed dividends

From an industry perspective, listed companies that have announced annual dividend plans are mainly concentrated in six sectors: electronics, pharmaceuticals and biotech, power equipment, basic chemicals, machinery, and non-ferrous metals. Each of these sectors has more than 10 companies, with electronics leading at 42 companies, followed by pharmaceuticals and biotech with 25.

Within the electronics sector, semiconductor companies are the most active in dividends, with 20 semiconductor companies having announced dividend plans, totaling 2.05 billion yuan in dividends. In recent years, the semiconductor industry has experienced rapid growth. According to the U.S. Semiconductor Industry Association, global semiconductor sales in January 2026 are projected to reach $82.54 billion, a new high, up 3.65% month-over-month, marking 11 consecutive months of growth.

Among semiconductor companies, Cambrian has the highest total cash dividend of 632 million yuan, and plans to issue 4.9 shares for every 10 shares held. In 2025, the company achieved profitability after a loss, and its A-shares have removed the “U” special label, also releasing its first annual dividend plan. The company states that thanks to significant progress in AI chip products, basic software platforms, and cluster software tools, its products have been deployed at scale in key industries such as telecom, finance, and internet, passing rigorous customer environment tests, and are widely recognized for their versatility, stability, and ease of use.

CITIC Construction Investment’s research report indicates that the semiconductor equipment and parts sector is currently under a dual trend of independent controllability: on one hand, AI-driven capacity expansion cycles are opening, requiring domestic control of equipment at the end of the line, and increasing localization of equipment parts; on the other hand, the overall localization rate of key components remains low, and high-end product substitution is still in early stages.

Disclaimer: All information from Data Treasure does not constitute investment advice. The stock market involves risks; invest cautiously.

Proofreading: Yao Yuan