Ping An Bank Co.,Ltd. announced a proposed annual dividend distribution for the full year 2025. Based on the total share capital of 19,405,918,198 shares as of December 31, 2025, the bank plans to distribute a cash dividend of 5.96 yuan per 10 shares (tax inclusive). The total cash dividend payout will amount to approximately 11.566 billion yuan.
This total dividend represents 28.83% of the net profit attributable to ordinary shareholders of the bank and 27.13% of the net profit attributable to shareholders as reported in the consolidated financial statements.
The 2025 distribution consists of two parts: an interim dividend of 2.36 yuan per 10 shares, totaling approximately 4.58 billion yuan, which has already been paid, and a proposed final dividend of 3.60 yuan per 10 shares, amounting to approximately 6.986 billion yuan.
Ping An Bank explained that the total cash dividend for 2025 is set below 30% of the annual net profit for several key reasons.
First, the bank aims to strengthen internal capital accumulation. While China's macroeconomic performance is expected to remain stable with progress in 2025, external uncertainties persist. Commercial banks face challenges such as narrowing interest margins and insufficient effective credit demand when serving the real economy. Enhancing internal capital accumulation is necessary to address external challenges and improve risk resilience.
Second, the dividend policy considers stricter capital regulatory requirements. Recent regulations, including the Additional Regulatory Provisions for Systemically Important Banks (Trial) and the Commercial Bank Capital Management Measures, impose higher standards for risk management and capital adequacy. The Ping An Bank Group, which includes the bank and its wholly-owned subsidiary Ping An Wealth Management Co., Ltd., reported a core tier 1 capital adequacy ratio of 9.36% at the end of 2025. Building capital reserves is essential to adapt to regulatory reforms and meet capital adequacy requirements.
Third, the policy supports stable business development. The bank remains committed to the political and people-oriented nature of financial work, focusing on key financial sectors, deepening strategic transformation, and enhancing its ability to serve the real economy. Capital needs for business development and strategic implementation must be considered to promote high-quality growth across all operations.
In summary, the 2025 cash dividend proposal thoroughly considers industry characteristics, the bank's development stage, business model, profitability, debt-paying ability, and capital requirements. It aims to balance sustainable business development with comprehensive returns for shareholders. Retained earnings will be used to strengthen capital accumulation and support business growth and strategic initiatives. The bank will adhere to its strategic focus of strengthening retail, refining corporate banking, and specializing in interbank business, while enhancing risk management to achieve high-quality, sustainable development and continue delivering investment returns to shareholders.
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