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上市公司是否进行现金分红本来是一个具有一定理论色彩的公司财务问题,但在我国目前多数上市公司的股权结构还是“一股独大”的情况下,它又是关系到普通投资者利益的问题。因此,在一定意义上,上市公司以何种方式分配利润关系着中国股市的健康发展。这里,我们以在上交所上市的公司1995～1999年年报为基础,对在上交所上市公司的分红问题作一分析,以就教于理论界的同行和实务界的专家。上市公司分红的基本情况我国的《公司法》明确规定,股份有限公司的利润分配
Whether a listed company can make a cash dividend originally is a financial issue with a certain theoretical color. However, under the circumstance that ownership structure of most listed companies in China is still “dominant”, it is also a matter of interest to ordinary investors . Therefore, in a certain sense, the way in which listed companies allocate profits is related to the healthy development of China’s stock market. Here, we take the 1995-1999 annual report of the companies listed on the Shanghai Stock Exchange as the basis to analyze the dividend distribution of listed companies in Shanghai Stock Exchange so as to teach their counterparts in the realm of theory and experts in the field of practice. The basic situation of dividends of listed companies China’s “Company Law” clearly stipulates that the profit distribution of limited liability companies