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 March 26 at 21:00, a total of 501 listed companies in A-shares have disclosed their financial statements for the year 2025, with the disclosure rate approaching 10%. The performance of listed companies is gradually forming a trend, and industries with higher prosperity have begun to emerge. At the same time, listed companies are increasing their dividend payouts, with 406 companies currently announcing their year-end dividend plans, accounting for nearly 94% of profitable listed companies, and the total scale of year-end dividends has exceeded 375 billion yuan.

From the currently disclosed financial statements of listed companies, the semiconductor industry has shown outstanding performance, with nearly all related companies achieving both revenue and profit growth. Bawoo Storage and Demingli reported revenues exceeding 10 billion yuan, and Cambricon has achieved profitability for the first time, officially removing the “U” designation from its stock abbreviation. Cambricon stated that in 2025, the global artificial intelligence industry is entering a fast growth lane, and computing power, as the underlying cornerstone of AI applications, is experiencing a rapidly rising demand trend.

The prosperity of the semiconductor industry is expected to continue this year. Executives from Bawoo Storage stated at the performance briefing following the financial report disclosure that the current round of price increases in storage was triggered by the explosive demand for AI computing power. According to market views, the supply-demand gap pressure is unlikely to ease in the short term. The company believes that the storage market will still be relatively prosperous this year and will continue to track the development trends of the storage industry in the future.

In 2025, the penetration rate of new energy vehicles exceeded 50% for the first time, achieving a historic breakthrough, and companies in the industrial chain have also delivered impressive performance reports.

As a global leader in power batteries, CATL currently ranks first in the industry with a net profit attributable to the parent company of 72.201 billion yuan, achieving a year-on-year growth of 42%. CATL executives admitted at the performance meeting that due to strong market demand, the company faced some order overflow due to short-term capacity shortages, and the current capacity utilization rate remains relatively saturated.

Fuyao Glass achieved a net profit growth of 24.2% year-on-year, reaching 9.312 billion yuan last year. The company stated that under the trends of consumption upgrades and technological iteration, the market’s demand for high value-added products is increasingly strong, bringing new strategic opportunities to the company.

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

In the brokerage industry, Dongfang Caifu achieved a net profit attributable to the parent company of 12.085 billion yuan, a year-on-year increase of 25.75%. The company enhances the one-stop wealth management experience for users by integrating innovative AI capabilities across its various products and business lines.

The bull market in non-ferrous metals, represented by gold, has ultimately translated into performance growth for related listed companies. With both volume and price rising, Zijin Mining’s net profit in 2025 broke through the 50 billion yuan mark for the first time, a year-on-year increase of 61.55%. Zijin Mining’s concurrently disclosed sustainable development report shows that the company has accelerated the electrification transformation and the application of clean energy such as photovoltaics, wind, and hydropower, having completed its originally planned carbon reduction targets for 2025 a year ahead of schedule, with the share of renewable energy exceeding 28.62%.

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, nearly 94% of profitable companies. The early disclosers, including WoHua Pharmaceutical, Guiding Compass, and Xindao Technology, have completed their dividend distributions.

In terms of amount, the total scale of year-end dividends for 397 listed companies has exceeded 375 billion yuan. China Mobile, CATL, and China National Offshore Oil Corporation’s year-end dividends reached 48.2 billion yuan, 31.5 billion yuan, and 23.1 billion yuan respectively, while China Life, Sinopec, and Foxconn Industrial Internet have also distributed dividends exceeding 10 billion yuan. China Mobile revealed that in order 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 is expected to steadily increase in 2026.