近日，国贸地产凭借在"好房子"探索上的长期坚持与持续创新，获评央广网"年度好房践行者""年度品 牌美誉度领先企业"等重磅荣誉。 2025年，"好房子"首次写入政府工作报告，迅速引发全社会关注。央广网房产频道在年末推出《创变· 拓新》年度美誉度品牌系列报道，旨在以央媒的更高站位记录房企在新时代的转型实践，探寻美好居住 的时代答案。此次奖项的评选颁发，是对国贸地产以"变"破局、向"新"而行，持续重塑品牌内核的权威 认证。 精研"好房子"，精塑产品力 "好房子"实践的背后，是国贸地产始终坚持的产品主义。2022年底，国贸地产正式发布"海洋生活美 学"品牌主张，将海洋基因融入住宅产品之中，打造"海上森屿"产品美学，从形式之美、场景之美、生 活之美三个维度全方位构建美好家园。2024年，国贸地产成立美好生活研究院，进一步强化前沿研发能 力、加速产品升维迭代、促进新业务孵化。 ("海上森屿"三重美学示意图) (厦门国贸樾云墅) 高分交付，美好生活如约而至 "好房子"的价值，最终要落在可触可感的交付之中。岁末临近，正值保交付的关键阶段，国贸地产再次 用心作答，依托"美好心交付"交付品牌，以精工品质、专业服务高分兑现美好生活 ...

截至2025年12月15日 10:34，中证国有企业红利指数上涨0.56%，成分股中粮糖业上涨9.99%，山煤国际上涨4.00%，鲁西化工上涨3.85%，厦门银行上涨 3.57%，昊华能源上涨3.05%。国企红利ETF(159515)上涨0.53%。（文中所列示股票为指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未 来的投资方向，也不代表具体的投资建议，投资方向、基金具体持仓可能发生变化，投资需谨慎） 据WInd数据显示，流动性方面，截至12月12日，国企红利ETF近1月日均成交271.64万元。规模方面，国企红利ETF近1周规模增长237.17万元。份额方面， 国企红利ETF近1周份额增长300.00万份，实现显著增长。 消息面上，国资委将"市值管理"纳入央企负责人考核，直接推动了央企通过回购、增持和提高分红比例来回报股东。由于央企具备极强的经营稳定性和现金 流创造能力（如水电、高速、能源），在经济波动期，资金愿意给予溢价。 源达信息指出，红利资产由于其稳定的高股息和低估值属性，在低利率环境下，对风险偏好较低的资金有吸引力。在当前经济景气水平总体平稳的背景下， 11月制造业PMI小幅回升至49. ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002800 | 天顺股份 | 14.92 | -3.12% | 5.25万 | - 7887.17万 | | 603836 | 海程邦达 | 14.46 | -2.03% | 5.97万 | 8707.22万 | | 002889 | 东方嘉盛 | 16.15 | -2.00% | 9.89万 | 1.60亿 | | 300240 | 飞力达 | 7.54 | -1.57% | 7.37万 | 5583.80万 | | 603117 | 万林物流 | 5.06 | -1.56% | 6.81万 | 3451.79万 | | 603329 | 上海雅仕 | 11.22 | -1.49% | 2.33万 | 2624.10万 | | 300013 | 新宁物流 | 4.19 | -1.41% | 20.58万 | 8694.68万 | | 603871 | 嘉友国际 | 12.51 | -1.26% | 8.23万 | 1.03亿 | | 60005 ...

中国银河证券表示，上市银行中期分红力度不减且节奏提前，红利价值日益凸显。与此同时，股东及高 管的增持行为，有助于稳定市场预期。这两大因素共同作用，有望持续吸引中长期资金进行配置。 此外，12月6日，金监总局发布发布《关于调整保险公司相关业务风险因子的通知》，下调股票风险因 子，降低险资配置优质权益资产的资本占用。 招商证券观点认为，近期出台的政策集中在资本市场与消费政策两个领域，结合政策面及资金面来看， 今年1月发布的《推动中长期资金入市工作实施方案》，明确力争大型国有保险公司每年新增保费的 30%投向A股。从过往经验来看，12月末至明年一季度末是险资传统重要配置窗口期，前期调整的红利 板块有望重新获得关注。 国企红利ETF紧密跟踪中证国有企业红利指数，从国有企业中选取现金股息率高、分红比较稳定且有一 定规模及流动性的100只上市公司证券作为指数样本，反映国有企业中高股息率证券的整体表现。 据Wind数据显示，截至2025年11月28日，中证国有企业红利指数前十大权重股分别为中远海控、冀中 能源、潞安环能、山煤国际、南钢股份、鲁西化工、中粮糖业、山西焦煤、农业银行、恒源煤电，前十 大权重股合计占比16.99% ...

证券之星消息，12月8日物流板块较上一交易日上涨0.13%，恒基达鑫领涨。当日上证指数报收于 3924.08，上涨0.54%。深证成指报收于13329.99，上涨1.39%。物流板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002492 | 恒基达整 | 8.43 | 10.05% | 29.42万 | | 2.40亿 | | 002682 | 龙洲股份 | 8.67 | 10.03% | 4.41万 | 3822.62万 | | | 300350 | 华鹏飞 | 7.49 | 4.61% | 57.15万 | | 4.22亿 | | 600755 | 厦门国贸 | 7.19 | 3.60% | 183.93万 | | 13.06亿 | | 603836 | 海程邦达 | 14.95 | 2.47% | 17.51万 | | 2.66亿 | | 920351 | 华米渡海 | 22.80 | 2.06% | 1.14万 | 2592.94万 | | | 6 ...

截至2025年12月8日 13:12，中证国有企业红利指数下跌0.47%。成分股厦门银行领涨，福建高速、光大 银行跟涨；中信特钢领跌，华阳股份、山煤国际跟跌。国企红利ETF(159515)下修调整。（文中所列示 股票为指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未来的投资方向，也不代表具 体的投资建议，投资方向、基金具体持仓可能发生变化，投资需谨慎） 据Wind数据显示，规模方面，国企红利ETF(159515)最新规模达4787.53万元。份额方面，国企红利 ETF(159515)最新份额达4118.66万份。资金净流入方面，国企红利ETF(159515)近3天获得连续资金净流 入，最高单日获得279.29万元净流入，合计"吸金"349.08万元。 国企红利ETF(159515)，场外联接(鹏扬中证国有企业红利ETF联接A：020115；鹏扬中证国有企业红利 ETF联接C：020116)。 风险提示："中证国有企业红利指数(000824)由中证指数有限公司（"中证"）编制和计算，其所有权归属 中证及/或其指定的第三方。中证对于标的指数的实时性、准确性、完整性和特殊目的的适用性不作任 何明示或暗示 ...

几内亚福雷卡里亚省马瑞巴亚港一角（新华社）布局海外关键物流今年以来，受美国加征关税、地缘政治冲突等因素影响，上游原材料价格上涨、物流费用 波动，全球供应链安全受到较大冲击。面对复杂严峻形势，建发、国贸、象屿三家供应链龙头企业以更大力度"走出去"，布局全球市场，通过调整贸易结 构、构建物流网络、提升上游资源获取能力，维护供应链安全、提升供应链韧性。"南美、欧洲、非洲地区大豆、玉米、小麦等农作物资源丰富，我们与当 地农场主、收粮站及头部粮商建立长期合作关系，获取稳定的供应资源。"建发股份有限公司董事长程东方说。打通海外物流节点也是供应链企业的重点。 今年7月，国贸股份采购了50柜乌兹别克斯坦棉纱。途经塔什干的中亚班列，仅用13天时间就跨越6000公里抵达福州，较传统的海铁联运方式缩短近一半物 流时间。这批棉纱直达福建多家染厂，加工印染后，制成各类面料、毛衣销往全球。布局海外仓，组建自主可控运力。"近年来，我们通过参股、合资、合 作等形式布局海外关键物流节点，在境外30多个国家和地区设有约350个海外仓，运营中欧班列建发专列和商舟航空跨境物流项目，搭建国际化学品和集装 箱海运船队，持续完善公司全球物流网络通道，为产 ...

Core Insights - The China Securities State-Owned Enterprises Dividend Index has shown a slight increase of 0.15% as of November 25, 2025, with notable gains in constituent stocks such as Fujian Expressway, which rose by 9.97% [1] - The National Enterprise Dividend ETF (159515) has also increased by 0.26%, indicating a positive trend in dividend-focused investments [1] - Market sentiment is under pressure due to a lack of performance policies and fluctuating expectations regarding the Federal Reserve's interest rate decisions, leading to a focus on dividend assets [1] Market Performance - The National Enterprise Dividend ETF recorded a turnover rate of 0.06% with a transaction volume of 27,200 yuan, and an average daily transaction volume of 3.54 million yuan over the past week [1] - The overall industry prosperity index continued to decline in October, but at a slower rate, with essential consumption, midstream manufacturing, and large financial sectors showing the most improvement [1] Investment Strategy - The dividend strategy is highlighted as a foundational investment approach, focusing on high dividend yields and stable cash flows from quality enterprises, which can provide continuous cash flow and long-term compounding potential [1] - A balanced investment approach is recommended, incorporating growth, cyclical, and dividend assets to identify opportunities with improving industry conditions and relatively low valuations [1] Index Composition - The China Securities State-Owned Enterprises Dividend Index comprises 100 listed companies selected for their high and stable cash dividend yields, reflecting the overall performance of high-dividend securities among state-owned enterprises [2] - As of October 31, 2025, the top ten weighted stocks in the index accounted for 17.08% of the total index weight, including companies like COSCO Shipping Holdings and Agricultural Bank of China [2]

Core Insights - The logistics sector experienced a slight increase of 0.17% on November 20, with *ST Yuanshang leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - *ST Yuanshang (603813) closed at 40.28, up 5.01% with a trading volume of 18,100 [1] - Hongchuan Wisdom (002930) closed at 11.36, up 3.09% with a trading volume of 150,400 [1] - Jiayou International (603871) closed at 13.60, up 2.49% with a trading volume of 81,700 [1] - YTO Express (600233) closed at 16.67, up 2.40% with a trading volume of 121,940 [1] - Xiamen Weimao (600755) closed at 6.70, up 1.98% with a trading volume of 958,600 [1] - Dongfang Jiasheng (002889) closed at 16.15, up 1.89% with a trading volume of 181,000 [1] - Yongtaiyun (001228) closed at 28.11, up 1.63% with a trading volume of 27,700 [1] - Wanlin Logistics (603117) closed at 5.55, up 1.46% with a trading volume of 247,500 [1] - Shentong Express (002468) closed at 14.48, up 1.33% with a trading volume of 202,500 [1] - Jianfa Co., Ltd. (600153) closed at 10.47, up 1.16% with a trading volume of 172,100 [1] Capital Flow - The logistics sector saw a net outflow of 310 million yuan from institutional investors, while retail investors contributed a net inflow of 227 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2][3] Individual Stock Capital Flow - Xiamen Guomao (600755) experienced a net outflow of 50.21 million yuan from institutional investors [3] - Wanlin Logistics (603117) saw a net inflow of 14.26 million yuan from institutional investors [3] - Dongfang Jiasheng (002889) had a net inflow of 12.42 million yuan from institutional investors [3] - Other stocks like Huaguang Yu Hai (920351) and Zhejiang Merchants Zhongtuo (000906) also showed varied capital flows [3]

Core Viewpoint - The report from Huachuang Securities indicates that the highway sector is expected to maintain resilience in 2026, with high dividend configurations being a preferred investment direction. The port industry is anticipated to shift from a single container-driven growth model to a dual-wheel structure of stable container growth (5%-8%) and a recovery in bulk cargo (2%-5%) by 2026, with stable pricing expected. There are strategic layout opportunities for leading companies in the bulk supply chain that focus on dividends and returning to growth expectations in the coming year [1]. Highway Sector - The highway sector is viewed as a preferred option for stable asset allocation due to low valuations and high dividends, with expected dividend yields around 5% for leading highway companies in 2026. Notable companies include Sichuan Chengyu (5.6%), Shandong Highway (5.0%), and Anhui Wantong Highway (5.0%), with higher yields for H-shares [2]. - The outlook for 2026 suggests strong performance driven by stable volume and pricing, alongside significant cost reduction opportunities. Key factors include potential optimization of toll policies and a favorable interest rate environment that could alleviate operational pressures for highway companies [2]. - High dividend characteristics are expected to remain stable in 2026, with clear three-year return plans from leading companies like Sichuan Chengyu and Wantong Highway [2]. Port Sector - The port sector is entering a strategic value era, transitioning from a perception of cyclical capacity assets to being recognized as global supply chain security hubs. This shift is driven by geopolitical factors and the need for strategic asset control [3]. - The industry is expected to see stable throughput and pricing in 2026, with a dual growth model of container stability and bulk cargo recovery. The average dividend payout ratio is projected to be 37.46%, indicating significant potential for increases [3]. Railway Sector - Passenger transport is expected to see steady growth, with flexible pricing mechanisms in place. Freight transport is also showing signs of improvement, particularly in coal and other cargo types [4][5]. Bulk Supply Chain - The bulk supply chain is poised for a new growth phase in 2026, with companies like Xiamen Xiangyu leading the way in transformation logic focused on profit margin enhancement and investor returns. The operational environment is recovering, with strong performance trends evident since 2025 [6][7]. - Strategic layout opportunities exist for leading companies in the bulk supply chain that emphasize dividends and growth expectations [7]. Investment Recommendations - The company continues to favor A/H share transportation assets, highlighting the importance of industry logic and valuation elasticity. Key recommendations include Sichuan Chengyu and Wantong Highway for their stable growth and high dividends, as well as other notable companies in the highway and port sectors [8].