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A-share cash dividend plans for the third quarter of 2026 are being released in quick succession. On the evening of November 9, energy storage leader Solax Power (688717) also disclosed its profit distribution plan for the first three quarters of 2026, proposing a cash dividend of 31.25 yuan for every 10 shares to all shareholders. According to Wind statistics, as of November 9, 241 listed companies on the A-share market had disclosed third-quarter dividend plans for 2026. Ranked by pre-tax dividend per share, Solax Power is second only to Gbits (603444), which offers a cash dividend of 6 yuan per share. Among the 241 companies' third-quarter dividend amounts, 76 plan total payouts exceeding 100 million yuan, accounting for more than 30%. In terms of fundamentals, more than half of the 241 stocks posted year-on-year net profit growth in the first three quarters, with Demingli (001309) leading the gain at about 32,399.91%.

On the evening of November 9, Solax Power disclosed an announcement on its profit distribution plan for the first three quarters of 2026, proposing a cash dividend of 3.125 yuan per share (tax included) to all shareholders. As of September 30, the company had total share capital of 160 million shares, implying a total proposed cash dividend of 500 million yuan (tax included). It is understood that Solax Power listed on the A-share market in 2024. Its main products are energy storage batteries, energy storage inverters and grid-connected inverters, mainly used in distributed photovoltaic energy storage and photovoltaic grid connection. As of September 30, the undistributed profit at the end of the period in Solax Power's consolidated statements was 2.034 billion yuan, while the undistributed profit in the parent company's statements was 2.233 billion yuan. However, it is worth noting that behind the planning of a large dividend, Solax Power's first three quarters' performance came under pressure. Financial data show that in the first three quarters of this year, the company achieved operating revenue of about 4.734 billion yuan, up 56.34% year on year; corresponding net profit attributable to shareholders was about -60.3234 million yuan, turning from profit to loss year on year, compared with 150 million yuan in the same period last year. On a quarterly basis, in the third quarter of this year, the company achieved operating revenue of about 1.579 billion yuan, up 29.33% year on year; corresponding net profit attributable to shareholders was about -25.1913 million yuan. Regarding the performance changes, Solax Power said in an interview with a reporter that sales prices in newly added markets were relatively low, while the cost side was affected by factors such as rising raw material prices and lower export tax rebate rates, leading to a decline in product gross margin in the period, compounded by exchange rate fluctuations, which reduced profit. Under performance pressure, Solax Power's share price also fluctuated downward repeatedly during the year. Trading data show that after hitting an intraday high of 157.13 yuan per share on March 20, the company's share price continued to decline. According to statistics, during the 156 trading days from March 23 to November 10, the company's share price fell 72.67% cumulatively. As of the close on November 10, the company's share price rose 3.25% to 39.35 yuan per share, with a total market value of 6.296 billion yuan. Solax Power told a reporter that secondary market share prices are affected by multiple factors including the macroeconomic environment, overseas industry cycles, sector valuations, market capital sentiment and the company's阶段性 operating pressure, and fluctuations are complex. "The company believes that the core foundation for long-term share price recovery is fundamentals. At this stage, the company is focusing on its main business, continuing to advance product and regional structure optimization, accelerating inventory digestion, and improving profitability and operating cash flow." It is worth mentioning that on August 28 this year, the company also launched a support plan. The company's controlling shareholder, actual controller, chairman and general manager Li Xinfu planned to increase his holdings of the company's shares within 6 months from the date of the announcement through methods permitted by the Shanghai Stock Exchange trading system (including but not limited to centralized bidding and block trades), with a total planned increase of no less than 20 million yuan and no more than 30 million yuan. In addition, Solax Power added: "The controlling shareholder and actual controller have committed that within three years after the completion of the equity distribution for the first three quarters of 2026, all after-tax funds obtained from this equity distribution will be lent to the listed company interest-free or used to increase holdings of the company's shares."

Now, the China Securities Regulatory Commission is continuing to encourage listed companies to pay dividends and buy back shares. In a series of themed press conferences on "Starting the 15th Five-Year Plan" held by the State Council Information Office in September this year, CSRC Vice Chairman Li Chao mentioned improving corporate governance and standardized operation, and guiding listed companies to enhance their own value through equity incentives, dividends and buybacks. Wind data show that, based on a reporting period of "September 30, 2026," as of November 9, 241 A-share companies had disclosed cash dividend arrangements. In terms of pre-tax dividend per share, among the 241 companies, Gbits ranked first. It is understood that Gbits focuses on the research, development and operation of online games. The company's recently disclosed implementation announcement for its 2026 third-quarter equity distribution shows a cash dividend of 6 yuan per A-share (tax included). After Gbits, Solax Power's proposed pre-tax dividend of 3.125 yuan per share ranked second; Longsys (301308), Mindray Medical (300760) and Livzon Pharmaceutical Group (000513) ranked third to fifth with dividends per share of 2.18 yuan, 1.3 yuan and 1.239 yuan, respectively. In terms of the total proposed third-quarter dividend of a single company, calculations show that among the aforementioned 241 stocks, 76 proposed total dividends exceeding 100 million yuan, accounting for 31.54%. Among them, Gree Electric Appliances (000651) ranked first with a proposed third-quarter dividend total of 5.553 billion yuan; Yili Industrial Group (600887) proposed a third-quarter dividend of 2.656 billion yuan. In addition, seven stocks including Mindray Medical and Shengyi Technology (600183) had total dividends exceeding 1 billion yuan. "From the perspective of the capital market, active dividends help improve investors' return structure and drive the market to shift from a model relying solely on capital gains from share price increases to one that emphasizes both capital gains and cash returns. From the perspective of listed companies themselves, reasonable dividends can strengthen financial discipline, reduce inefficient capital accumulation, and also help establish stable investor relations," said Huo Hongyi, a well-known business consultant and corporate strategy expert.

The 241 companies that have disclosed third-quarter dividend plans also differ somewhat in fundamentals. In terms of profit scale, according to Wind statistics, in the first three quarters of this year only Solax Power and Ruina Intelligent (301129) recorded net losses, at about 60 million yuan and 3 million yuan, respectively. Among the remaining profitable stocks, Gree Electric Appliances topped the list with a net profit scale of 17.274 billion yuan; Longsys and Luxshare Precision (002475) also exceeded 10 billion yuan in first-three-quarter net profit, at about 14.322 billion yuan and 13.057 billion yuan, respectively. In terms of performance changes, among the 241 stocks, 116 saw year-on-year declines in net profit in the first three quarters of this year, accounting for about 48.13%. The remaining 125 stocks achieved year-on-year net profit growth in the period, among which Demingli led with a year-on-year increase of about 32,399.91%; Longsys and Wankai New Materials (301216) saw net profit rise more than 1,000% year on year in the period. By SW industry classification, the machinery and equipment industry had the largest number of companies disclosing third-quarter 2026 dividend plans, at 35; pharmaceuticals and biotechnology and basic chemicals followed with 27 and 24 companies disclosing dividend plans, ranking second and third. In addition, according to Wind statistics, among the aforementioned 241 stocks, as of the close on November 10, a total of 9 had a total market value exceeding 100 billion yuan, among which Luxshare Precision ranked first with a total market value of about 396.572 billion yuan; Gree Electric Appliances and Mindray Medical had closing market values of 200-300 billion yuan that day. Dong Peng, a senior enterprise management expert and senior consultant, told a reporter that the continued enthusiasm for A-share dividends in the third quarter of 2026 is essentially a shift in the return mechanism from "once a year" to "regular and multiple times," but it is still led by leaders, spreading across industries and structurally differentiated. "First, frequency is increasing and timing is moving earlier, with interim dividends gradually becoming standard for high-quality companies; second, leading state-owned enterprises and high-quality private enterprises are taking the lead, and the trend is spreading from traditionally high-dividend sectors to manufacturing, consumption and technology." Sina statement: This news is reprinted from a Sina partner media outlet. Sina publishes this article for the purpose of conveying more information and does not mean it agrees with or confirms its views or descriptions. The article's content is for reference only and does not constitute investment advice. Investors operating based on this bear their own risks.