Major dividend companies have arrived! These 5 companies have surpassed 10 billion, with the highest exceeding 30 billion yuan

A-shares’ 2025 annual reports will see a flurry of cash dividends, with listed companies steadily increasing their shareholder returns.

According to Securities Times Data Treasure, as of the close on March 24, 224 companies have announced their annual dividend plans, totaling a cash dividend of 171.068 billion yuan, with 27 companies distributing more than 1 billion yuan.

Five companies with annual dividends exceeding 10 billion yuan

Data shows that the top of the dividend list exhibits a significant head effect. 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-on-year, and net profit attributable to shareholders 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 sharp declines in international crude oil prices and sluggish chemical market gross margins, the company’s performance has decreased significantly year-on-year. However, cash flow from operating activities remains ample, and financial health is stable. The total cash dividends paid per share are 0.2 yuan, and after combining with share repurchases, the payout ratio reaches 81%.

In market performance, since March, the stock prices of companies that have announced dividend plans have generally declined, with an average drop of 10.37%. 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 each gained over 10%.

19 large dividend companies see net profit growth

Among the 27 companies with dividend plans exceeding 1 billion yuan, 19 reported year-on-year growth in net profit attributable to shareholders, 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 shareholders reaching 4.312 billion yuan in 2025, up 273.52%, and planning to distribute 1.74 billion yuan in cash dividends. The annual report states that the company 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% year-on-year.

WuXi AppTec followed closely, with net profit attributable to shareholders of 19.151 billion yuan, up 102.65%. The company’s annual report indicates 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 pharmaceutical R&D services are expected to continue growing.

Over 40 electronic industry companies distribute 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 distributing dividends, with 20 semiconductor companies having announced 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 USD, a new high, up 3.65% month-on-month, achieving 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 new shares for every 10 shares held. The company achieved profitability for the full year for the first time in 2025, with its A-shares removing the special label “U,” and it also announced its first dividend plan. The company states that leveraging its significant progress in AI chip products, basic software platforms, and cluster software toolchains, its products have been deployed at scale in industries such as telecom, finance, and internet, passing rigorous customer environment tests, and gaining broad recognition for their versatility, stability, and ease of use.

CITIC Securities’ research report suggests that the semiconductor equipment and component sector is currently under a dual trend of independent controllability: on one hand, AI-driven capacity expansion cycles are opening, requiring domestically controlled equipment, and with increasing localization of equipment, the overall market space for components is expanding; on the other hand, the overall localization rate of key components remains low, and high-end product substitution is still in early stages.

(Source: Data Treasure)