| 重合股 | 增减仓 | | 持有总数 | 持仓市值 | | --- | --- | --- | --- | --- | | 潞安环能 (669709) | 新进十大 | | 777.64万股 | 1.11亿元 | | 中谷物流 | | | | | | (603560) | 新进十大 | 南昌久 | 1007.44万股 | 1.1亿元 | | 农业银行 (601288) | 新进十大 | | 1614.24万股 | 1.08亿元 | | 南钢股份 (600282) | 新进十大 | | 1999.57万股 | 1.05亿元 | | 建设银行 (601939) | 新进十大 | | 1176.32万股 | 1.01亿元 | | 宁波华翔 (002048) | 增仓 | 8.75% | 705.07万股 | 2.73亿元 | | 中远海控 (601919) | 增仓 | 7.78% | 1273.78万股 | 1.83亿元 | | 冀中能源 (000937) | 增仓 | 9.0% | 2371.1万股 | 1.4亿元 | | 海澜之家 (600398) | 增仓 | 8.88% | 1619.84万股 | 1 ...

中新网太原10月26日电 (任丽娜)国铁太原局26日传来消息，中国"西煤东运"大动脉大秦铁路25日完成秋 季集中修施工。这次集中修历时19天，较原计划提前1天完成，实现了运力的快速恢复，为今冬明春电 煤保供夯实了基础。 在确保施工任务高效推进的基础上，国铁太原局"一日一图"动态调整运输方案，结合实际优化慢行处 所，严格盯控施工方案审核、日计划编制、调度命令下达及开通条件确认等环节，最大限度降低施工作 业对铁路运输的影响。同时科学调配运力，保证机列衔接，组织均衡运输，确保施工组织和生产运输两 不误。 大秦铁路提前完成秋季集中修施工。王楷文 摄 大秦铁路西起山西大同，东至河北秦皇岛，是中国山西、陕西、内蒙古西部煤炭外运的主要能源通道。 线路全长653公里，横跨晋冀京津两省两市，承担着全国铁路煤运总量的近五分之一，是中国能力最大 的重载煤炭运输专用通道，被誉为"中国重载第一路"。 为尽快恢复前期迎峰度夏电煤保供后的线路设施设备状态，从10月7日起，国铁太原局安排大秦铁路每 天全线停运3小时进行集中维修，对钢轨、道岔、供电接触网、通信光缆等设备进行全面整治更新。当 前，随着气温转寒，全国各地陆续进入采暖季，生产生活用 ...

Company News - Guizhou Moutai announced a significant personnel change on October 25, with Zhang Deqin no longer serving as the chairman of Moutai Group. Chen Hua, the director of the Guizhou Provincial Energy Bureau, has taken over as chairman [3] - CATL's "6006" pure electric multi-purpose transport vessel was recognized as an "Outstanding Typical Case of Integrated Innovation and Development in Transportation and Energy" by the China Transportation Association on October 23. This vessel represents the first complete delivery and independent operation of a cargo ship battery swap demonstration project in the country, providing a replicable model for green transformation in inland shipping [3][3]

转自：智通财经 【大秦铁路提前完成秋季集中修 恢复煤炭运力】智通财经10月25日电，从中国铁路太原局集团有限公 司获悉，10月25日，我国"西煤东运"大动脉大秦铁路完成秋季集中修，为今冬明春电煤保供夯实了线路 基础。这次集中修历时19天，较原计划提前1天结束，使运力更早得到释放。 ...

从中国铁路太原局集团有限公司获悉，10月25日，我国"西煤东运"大动脉大秦铁路完成秋季集中修，为 今冬明春电煤保供夯实了线路基础。这次集中修历时19天，较原计划提前1天结束，使运力更早得到释 放。 ...

Core Viewpoint - The A-share market is experiencing a significant increase in cash dividends, with over 600 listed companies distributing more than 300 billion yuan in cash dividends for the first half of the year, indicating a shift towards a return-focused capital market [1][2]. Group 1: Dividend Distribution - As of October 24, over 30 A-share companies, including China Ping An and China Unicom, have completed their cash dividend distributions for the first half of 2025 [2]. - The total cash dividend amount for A-share companies reached 649.7 billion yuan, with a payout ratio of 31.97%, slightly up from the previous year [2][3]. - Central enterprises are leading the way in dividend distribution, with companies like China Mobile and China Petroleum distributing over 100 billion yuan each [2]. Group 2: Future Dividend Plans - More than 3 billion yuan in cash dividends are still pending distribution, with major banks and coal companies expected to contribute significantly [3]. - The third-quarter dividend window has opened, with over 30 companies planning to distribute more than 4 billion yuan in dividends [3]. - Companies are increasingly adopting a multi-dividend strategy, with firms like WuXi AppTec and CRRC announcing their first interim dividends this year [3]. Group 3: Dividend Yield and Investor Sentiment - The average dividend yield for companies that have distributed dividends is 2.52%, with over 90 companies yielding more than 3% [4]. - The proactive approach of companies in returning capital to shareholders has been recognized, with total distributions over the past five years reaching 10.6 trillion yuan, significantly higher than previous periods [4]. - Companies are making long-term commitments to shareholder returns, with some planning to distribute at least 70% of their net profits as dividends from 2025 to 2027 [4]. Group 4: Investment Perspective - The stable dividend distribution in the A-share market is attracting more attention to dividend assets, which are viewed as long-term investments rather than short-term speculative plays [5]. - Investors are encouraged to focus on the sustainability of dividend payments rather than short-term stock price fluctuations, reinforcing the long-term logic behind dividend investments [5].

哪些红利标的值得配置？20251023 在泛红利标的中，我们推荐中国物流和建发股份。中国物流除了作为航运标记 外，还从事内贸集运业务，目前内贸集运进入旺季且运价指数上涨显著，公司 预计全年利润可达 20 亿元，对应 90%分红比例下其股息率可达 7.7%。建发 股份按照固定每股七毛钱分配，相对确定性高，对应当前 6.8%的高股息率。 此外，中国外运也是值得关注的一只顺周期红利用途股票，其固定分配每两毛 九分，现在其 4.6%的稳定性较强，也受到保险资金青睐。 总之，我们认为目 前是配置这些优质高收益股票的重要时机，并建议投资者积极关注并进行合理 配置。 今年（2025 年）红利板块的表现如何？未来的投资机会如何？ 今年（2025 年），传统红利板块如公路和港口的表现相对一般，主要是因为 过去几年这些板块涨幅较大，今年有所调整。然而，这也使得这些股票的股息 率有所提升，目前我们跟踪的一些头部红利标的股息率已经提升到 4.5%至 5% 左右，有些甚至更高。我们判断后续买入红利标的增量资金会越来越多，原因 包括第三批互换便利即将推出、券商自营资金配置偏向红利，以及明年（2026 年）1 月 1 日起所有保险都需执行 ...

Market Overview - On October 23, the railway and highway sector rose by 0.35% compared to the previous trading day, with Haikong Group leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Haikong Group (603069) closed at 27.51, with a gain of 3.93% and a trading volume of 305,900 shares, amounting to a transaction value of 831 million yuan [1] - Other notable performers included: - Shen High-Speed (600548) at 10.38, up 2.17% [1] - Shentong Metro (600834) at 9.45, up 2.05% [1] - Shanxi Expressway (000755) at 5.16, up 1.38% [1] - Dongguan Holdings (000828) at 12.20, up 1.24% [1] Capital Flow - The railway and highway sector experienced a net outflow of 92.52 million yuan from institutional investors, while retail investors saw a net inflow of 312 million yuan [2][3] - The capital flow for key stocks included: - Haikong Group with a net inflow of 51.51 million yuan from institutional investors [3] - Daqin Railway (601006) with a net inflow of 36.62 million yuan [3] - Other stocks like Dongguan Holdings and Wantu Expressway also showed varied capital flows [3]

Core Viewpoint - The article discusses the performance and characteristics of the CSI 300 Dividend Low Volatility Index and its associated ETF, highlighting its recent market behavior, liquidity, and investment opportunities in the dividend sector amidst a changing economic landscape [1][2][3]. Group 1: Market Performance - As of October 23, 2025, the CSI 300 Dividend Low Volatility Index decreased by 0.05%, with mixed performance among constituent stocks [1]. - Postal Savings Bank led the gains with an increase of 3.32%, while Conch Cement experienced the largest decline [1]. - The CSI 300 Dividend Low Volatility ETF (515300) showed a trading turnover of 0.81% and a transaction volume of 39.5 million yuan [2]. Group 2: Fund Size and Inflows - The latest size of the CSI 300 Dividend Low Volatility ETF reached 4.873 billion yuan [2]. - Over the past five trading days, the ETF recorded net inflows on three occasions, totaling 163 million yuan [2]. Group 3: Historical Performance - As of October 22, 2025, the CSI 300 Dividend Low Volatility ETF's net value increased by 58.14% over the past five years, ranking in the top 8.52% among index equity funds [2]. - The ETF has achieved a maximum monthly return of 13.89% since inception, with the longest consecutive monthly gain being five months and an average monthly return of 3.57% during rising months [2]. Group 4: Sector Insights - Bank of China International noted a "seesaw" relationship between the dividend sector and the TMT sector, suggesting that the dividend sector may serve as a safe haven for funds during periods of weak market sentiment [2]. - Key sectors to focus on include banking, coal, electricity, and transportation, which are part of the dividend sector [2]. Group 5: High Dividend Stocks - As of September 30, 2025, the top ten weighted stocks in the CSI 300 Dividend Low Volatility Index accounted for 35.84% of the index, with China Shenhua and Shuanghui Development being the top two [3][5]. - The top ten stocks include Gree Electric, Sinopec, and China Mobile, among others, indicating a diverse range of industries represented [3][5].

证券代码：601006 证券简称：大秦铁路 公告编号：2025-075 大秦铁路股份有限公司 关于以集中竞价方式回购股份的回购报告书 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 回购股份价格：不超过 8.19 元/股。该价格上限不高于七届十三次董事会 通过回购决议前 30 个交易日公司股票交易均价的 150%。具体回购价格将在回 购实施期间，综合二级市场股票价格、公司财务状况和经营状况确定。 ● 相关股东是否存在减持计划：经问询，公司董监高、控股股东、持股 5%以 上的股东在未来 3 个月、未来 6 个月暂无减持公司股份的计划。 ● 相关风险提示： 1. 若公司股票价格持续超出本方案披露的价格区间，将产生本次回购股份方 案无法实施的风险； 2. 本次回购股份方案需征询债权人同意，存在债权人不同意而要求公司提前 清偿债务或要求公司提供相应担保的风险； 3. 因公司生产经营、财务状况、外部客观情况发生重大变化等原因，可能根 据规则变更或终止本次回购股份方案的风险； 4.可能存在后续监管部门对于上市公司股 ...