Cash dividends are becoming the standard for profit distribution in A-shares, showing four main characteristics.

The disclosure of annual reports of A-share listed companies will peak in 2025. Data shows that as of April 9th, over 1400 listed companies have disclosed their 2025 annual reports, among which 1054 companies have announced their distribution plans. More than 70% of companies are planning to distribute cash dividends, making cash dividends a standard practice for profit distribution in A-shares. From the perspective of dividend distribution in annual reports, this year's listed companies show four main characteristics: Firstly, the leading companies in industries such as banking, insurance, and petroleum are the main force in dividend distribution in A-shares, with large dividend amounts frequently seen, and more than 20 listed companies have dividend amounts exceeding 10 billion yuan; Secondly, an increasing number of technology and innovation companies are joining the ranks of dividend distribution, becoming a new force that cannot be ignored, with more than half of the companies on the Science and Technology Innovation Board having a dividend ratio of over 30%; Thirdly, dividend distribution is gradually becoming a key aspect of corporate governance for listed companies, with many companies announcing medium to long-term dividend plans, clearly stating their expectations, and disclosing proposed dividend ratios and frequencies; Fourthly, the pace of dividend distribution by listed companies is accelerating, with over 40% of the listed companies that have disclosed cash dividend plans planning to distribute dividends multiple times within 2025. The proportion of companies distributing dividends multiple times in 2024 was 33%, showing a significant increase in the number of companies distributing dividends multiple times, indicating that annual multiple dividend distributions are moving from being a minority practice to becoming a normalized practice.