CSPC (1093.HK) dividend yield, history and 2029 forecast
What is the CSPC (1093.HK) dividend yield?
CSPC (1093.HK) dividend
3.5 %dividend yield at the HK$8.36 close of November 4, 2026
RMB 0.22a share paid in 2025, our report
- Paid in 2025: RMB 0.22 a share, up from RMB 0.14 in 2021
- Our base-case forecast: RMB 0.27 by November 2027, RMB 0.31 by November 2029
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Executive summary + 8 chapters · 20,109 words · 166 sources
Is CSPC a good dividend stock? Does its cash cover the dividend?
Our report makes no buy or sell call. It checks the dividend against free cash flow, the cash the business has left after paying for buildings and equipment.
Free cash flow is the money left after the spending captured by the measure used to maintain and invest in the business. In 2024, CSPC paid shareholders more than twice that year’s free cash flow. This is possible because a company can draw on cash and investments accumulated earlier, just as a household can spend savings built up before a particular year. It is useful temporarily, but not a sustainable annual formula unless later cash generation catches up.
CSPC also kept investing in its operating base. In 2025, operating activities generated RMB5.83 billion and capital expenditure was RMB1.9 billion, mainly for production facilities and efficiency. Research spending also consumed cash through operating expenses. These uses support the strategy, but the accounts do not show a separate return for each factory or research project.
- 202567.1 %
With buybacks, 74.5% (our report).
- 2024136.6 %
With buybacks, 203.2% (our report).
Dividends as a share of free cash flow (our arithmetic on the report's figures). Past the dashed line, the dividend cost more than the cash.
How much would CSPC's dividend pay you?
HK$10,000 invested in CSPC at its 3.5% dividend yield (our report of November 4, 2026) pays HK$350.00 in the first year, before tax. If its dividend per share keeps changing 12.0% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays HK$1,596.97, with HK$8,100.05 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
CSPC dividend forecast: how much will it pay by 2029?
The view would move toward the bear case in 2027–2029 if further procurement cuts reduce oncology and stroke prices, or if established-product sales weaken. Trial delays would also leave high R&D spending without replacement revenue.
How much does CSPC pay in dividends?
Dividend per share begins at RMB0.27 in the base case and rises to RMB0.29. It reaches RMB0.31 as earnings recover and the higher interim payment is sustained. The bear path falls from RMB0.22 to RMB0.20, then RMB0.18, while the bull path rises from RMB0.30 to RMB0.35 and then RMB0.40.
Results · RMB millions; per share in RMB, dividends per share in HK$ · 2025
- Revenue26,005.98
- EPS, diluted0.34
- Dividend per share0.29
Questions about the CSPC (1093.HK) dividend
Does CSPC pay a dividend?
Yes. It paid RMB 0.22 a share in 2025.
What is the dividend on HK$100 of CSPC shares?
About HK$3.50 a year at the 3.5 % dividend yield: HK$100 buys 12 shares at the November 4, 2026 close.
Is CSPC's dividend covered by its cash?
Not every year. Dividends took 67.1 % of free cash flow in 2025 and 136.6 % in 2024 (our arithmetic on the report's figures).
Where could CSPC stock be by 2029?
Our report's forecast is HK$6.35 a share by November 2029, from the HK$8.36 close of November 4, 2026. CSPC stock forecast →
More on CSPC (1093.HK)
More CSPC pages
This page shows the dividend. The report shows whether the cash pays for it.
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How it is made: AI reads CSPC's filings, writes the report, checks the numbers against them and cites each source, 166 in this one. How we work · Corrections
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Information only, not investment advice. A dividend can be cut; the forecast gives three cases with their chances. Prices are those of the date shown.