According to the relevant rules, the after-tax profits of a listed company after making up for its losses and withdrawing its provident fund may be distributed to shareholders. A listed company shall set forth in its articles of association the specific contents of the company's profit distribution policy (especially the cash dividend policy), the form of profit distribution, the interval of the period of profit distribution, especially the cash dividend, the specific conditions of the cash dividend, the conditions for the payment of stock dividends, and the minimum amount or percentage of the cash dividend for each period. Listed companies shall strictly implement the cash dividend policy determined in the company's articles of association and the specific plan for cash dividends approved by the shareholders' meeting.

The SFC and the Exchange actively encourage eligible listed companies to pay cash dividends. Listed companies in the formulation and implementation of cash dividend policy in the process of the following circumstances, the independent directors shall express a clear opinion: the company's articles of association does not have a clear and explicit shareholder return planning or specific cash dividend policy; the company's articles of association provides for no cash dividends; the company's articles of association provides for cash dividend policy, but can not be established in accordance with the established cash dividend policy to determine the current year's profit distribution plan; the company in the annual report The company has the ability to distribute dividends during the period but does not do so, especially if the dividends are not distributed for many consecutive years or the level of dividends is low; the company has a large percentage of cash dividends, etc.

In addition, the cash dividend situation of listed companies also has a certain impact on the company's refinancing, according to the relevant provisions of the conditions for listed companies to refinance the public offering of securities, including "the last three years in cash or shares of the cumulative distribution of profits of not less than 20% of the average annual distributable profits realized in the last three years".