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量化掘基系列之三十三:高波动市场环境下,智选高股息配置价值凸显
SINOLINK SECURITIES· 2025-04-08 14:04
- The "CSI Smart High Dividend Strategy Index" was launched by the China Securities Index Company in 2024 to optimize traditional dividend stock selection logic through dynamic screening mechanisms and volatility control rules[2][32] - The index selects 50 stocks with continuous dividends and high expected dividend yields, using a "expected dividend yield" selection method combined with a dividend yield and volatility weighting mechanism to avoid the "high dividend trap" and ensure selected stocks have stable dividend capabilities and low volatility[2][32][39] - The index's construction process includes selecting stocks with continuous dividends over the past three years, calculating the expected dividend yield based on disclosed cash dividend plans, and weighting by the ratio of dividend yield to volatility[39][41] - The index has shown superior performance with higher annualized returns, lower volatility, and smaller maximum drawdowns compared to other dividend indices, demonstrating its value in long-term asset allocation[2][33][37] Model Performance Metrics - CSI Smart High Dividend Strategy Index, annualized return: 19.66%, annualized volatility: 24.60%, Sharpe ratio: 0.88, maximum drawdown: 64.82%[37] - Dividend Low Volatility 100 Total Return Index, annualized return: 17.87%, annualized volatility: 24.47%, Sharpe ratio: 0.81, maximum drawdown: 64.02%[15][37] - CSI Dividend Total Return Index, annualized return: 14.14%, annualized volatility: 25.86%, Sharpe ratio: 0.75, maximum drawdown: 72.13%[15][37] - CSI All Share Total Return Index, annualized return: 11.00%, annualized volatility: 26.29%, Sharpe ratio: 0.50, maximum drawdown: 71.48%[15] Factor Construction and Evaluation - The "expected dividend yield" factor is constructed by calculating the dividend yield based on disclosed cash dividend plans and adjusting for stock price at the end of April[39][41] - The factor is evaluated positively for its ability to avoid the "high dividend trap" and ensure selected stocks have stable dividend capabilities and low volatility[2][39] - The index's weighting method, which uses the ratio of dividend yield to volatility, effectively controls annualized volatility and enhances risk-adjusted returns[39][41] Factor Performance Metrics - CSI Smart High Dividend Strategy Index, dividend yield: consistently higher than other dividend indices during the period from September 30, 2024, to March 31, 2025[38] - The index's constituent stocks have a net asset return rate of approximately 10.5% and the lowest asset-liability ratio among compared dividend indices, indicating high profitability and low debt risk[54][56]
君正集团(601216) - 君正集团关于2024年度利润分配事项征求意见的公告
2025-04-07 08:15
根据国务院办公厅《关于进一步加强资本市场中小投资者合法权益保护工作 的意见》、中国证券监督管理委员会《上市公司监管指引第3号——上市公司现 金分红》、上海证券交易所《上市公司自律监管指引第1号——规范运作》以及 《公司章程》的有关规定和要求,为进一步做好内蒙古君正能源化工集团股份有 限公司(以下简称"公司")2024年度利润分配工作,充分听取中小投资者的意 见和诉求,增强公司利润分配事项决策的透明度,保护广大投资者尤其是中小投 资者的利益,现就公司2024年度利润分配事项向广大投资者公开征求意见。 本次征求意见期限为自本公告披露之日起至2025年4月13日17:00时止,请 投资者按照附件《内蒙古君正能源化工集团股份有限公司2024年度利润分配事 项征求意见表》的要求填写相关内容,并以电子邮件的方式回复至公司邮箱。 公司邮箱:junzheng@junzhenggroup.com 联系电话:0473-6921035 证券代码:601216 证券简称:君正集团 公告编号:临2025-006号 内蒙古君正能源化工集团股份有限公司 关于2024年度利润分配事项征求意见的公告 本公司董事会及全体董事保证本公告内容不存在 ...
君正集团(601216.SH):公司控股股东杜江涛及其一致行动人累计质押7.73亿股,占公司总股本9.16%
Xin Lang Cai Jing· 2025-03-27 09:12
Group 1 - The controlling shareholder of Junzheng Group, Du Jiangtao, holds 269,568,000 shares, accounting for 31.95% of the total share capital, with a total of 69,000,000 shares pledged, which is 25.60% of his holdings and 8.18% of the total share capital [1] - The second largest shareholder, Wuhai Junzheng Technology Industry Group Co., Ltd., holds 180,656,640 shares, representing 21.41% of the total share capital, with 8,281,000 shares pledged, which is 4.58% of its holdings and 0.98% of the total share capital [1] - The combined holdings of Du Jiangtao and Junzheng Technology account for 53.36% of the total share capital, with a total of 77,281,000 shares pledged, which is 17.16% of their combined holdings and 9.16% of the total share capital [1] - Junzheng Group reported a net profit of 2.24 billion yuan for Q3 2024, an increase of 2.92% compared to the same period last year [1] Group 2 - As of March 27, 2025, Junzheng Group's stock price increased by 1.25%, closing at 5.68 yuan, with a trading volume of 494 million yuan and a turnover rate of 1.03% [2] - Since the beginning of the year, Junzheng Group's stock has risen by 6.65%, ranking 38th among chemical raw material companies, which is 8.70 percentage points lower than the average increase of 15.36% in the chemical raw material sector [2]
君正集团(601216) - 君正集团关于公司控股股东部分股份质押的公告
2025-03-27 08:30
证券代码:601216 证券简称:君正集团 公告编号:临2025-005号 内蒙古君正能源化工集团股份有限公司 关于公司控股股东部分股份质押的公告 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、准确性和完整性承担法律责任。 (一)公司控股股东杜江涛先生本次股份质押基本情况 | | | | | | | | | | 单位:万股 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 是否为 | 本次 | 是否 | 是否 | 质押 | 质押 | | 占其所 | 占公司 | 质押融资 | | 名称 | 控股股东 | 质押股数 | 为限 | 补充 | 起始日 | 到期日 | 质权人 | 持股份 | 总股本 | 资金用途 | | | | | 售股 | 质押 | | | | 比例 | 比例 | | | | | | | | | | 中国工商银行 | | | 为博晖创新 | | 杜江涛 | 是 | 33,000.00 | 否 | 否 | 2025.3.26 | 2032. ...
君正集团(601216) - 君正集团持股5%以上股东减持计划时间届满未减持股份的结果公告
2025-03-12 12:03
证券代码:601216 证券简称:君正集团 公告编号:临 2025-004 号 内蒙古君正能源化工集团股份有限公司 持股 5%以上股东减持计划时间届满未减持股份的结果公告 本公司董事会、全体董事及相关股东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、准确性和完整性承担法律责任。 重要内容提示: 持股 5%以上股东持股的基本情况 本次减持计划实施前,股东田秀英女士持有内蒙古君正能源化工集团股份有 限公司(以下简称"公司")766,080,000 股,占公司股份总数的 9.08%。 减持计划的实施结果情况 2024 年 11 月 21 日,公司披露了《君正集团持股 5%以上股东减持股份计 划的公告》,股东田秀英女士拟通过集中竞价和大宗交易方式减持其持有的公 司股份合计不超过 253,140,521 股,即不超过公司股份总数的 3%。其中,任意 连续 90 日内通过集中竞价交易方式减持公司股份数量不超过 84,380,173 股,即 不超过公司股份总数的 1%;任意连续 90 日内通过大宗交易方式减持公司股份 数量不超过 168,760,347 股,即不超过公司股份总数的 2%(以 ...
君正集团(601216) - 君正集团关于董事长及高级管理人员变动的公告
2025-03-10 10:00
证券代码:601216 证券简称:君正集团 公告编号:临2025-003号 内蒙古君正能源化工集团股份有限公司 关于董事长及高级管理人员变动的公告 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、准确性和完整性承担法律责任。 一、关于公司董事长、副总经理辞职的情况 内蒙古君正能源化工集团股份有限公司(以下简称"公司")董事会于近日 分别收到公司董事长张海生先生和副总经理荆海峰女士递交的辞职报告。具体情 况如下: 1、因工作调整,张海生先生申请辞去公司董事长、战略委员会主任委员职 务。辞去上述职务后,张海生先生仍在公司担任董事、战略委员会委员、审计与 风险控制委员会委员等职务。 2、因工作调整,荆海峰女士申请辞去公司副总经理职务。辞去上述职务后, 荆海峰女士仍在公司担任其他职务。 根据《公司法》、上海证券交易所《股票上市规则》及《公司章程》等相关 规定,张海生先生和荆海峰女士的辞职报告自送达董事会之日起生效。张海生先 生、荆海峰女士确认与公司董事会及管理层无任何意见分歧,亦没有任何其他事 项须提请公司及公司股东注意。 公司董事会对张海生先生和荆海峰女士在公司 ...
君正集团(601216) - 君正集团第六届董事会第十四次会议决议公告
2025-03-10 10:00
内蒙古君正能源化工集团股份有限公司 第六届董事会第十四次会议决议公告 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、准确性和完整性承担法律责任。 内蒙古君正能源化工集团股份有限公司(以下简称"公司")第六届董事会 第十四次会议通知于 2025 年 3 月 7 日以邮件及电话通知的方式送达公司全体董 事。会议于 2025 年 3 月 10 日 9:00 在公司会议室以现场结合通讯的方式召开。 会议应到董事 7 人,实到董事 7 人,监事及高级管理人员列席了会议,全体董事 一致推举乔振宇先生主持本次会议,会议的召开符合《公司法》和《公司章程》 的有关规定。 经公司全体董事审议,会议对下列事项作出决议: 一、审议通过《关于选举公司董事长的议案》 会议选举乔振宇先生为公司董事长,同时担任战略委员会主任委员,任期 自本次董事会审议通过之日起至第六届董事会届满之日止。 表决结果:同意票7票,反对票0票,弃权票0票。 二、审议通过《关于聘任公司副总经理的议案》 证券代码:601216 证券简称:君正集团 公告编号:临2025-002号 本议案已经公司提名委员会事先审议 ...
超190亿元!化工巨头大动作
Zheng Quan Shi Bao Wang· 2025-03-07 03:10
Group 1 - Junzheng Group plans to invest approximately 19.36 billion yuan in a green energy integration project in Alxa League, with the project divided into two phases: the first phase will require an investment of 2.48 billion yuan, and the second phase will require 16.88 billion yuan [1][2] - The project will include the construction of a 1.5 billion Nm³/a electrolysis hydrogen production facility, 300,000 tons/year of green methanol, and 600,000 tons/year of green ammonia, along with traditional industry green replacement projects [2] - The signing of the agreement aligns with national industrial policies and the long-term development plan of the company, which aims to strengthen and expand the company's existing industrial chain competitive advantages [2] Group 2 - Junzheng Group's main business includes energy chemicals and chemical logistics, with revenue from basic chemical raw materials manufacturing at 8.663 billion yuan, accounting for 45.30% of total revenue, and chemical logistics revenue at 7.465 billion yuan, accounting for 39.03% [3] - The gross profit margin of the chemical raw materials business has significantly declined, dropping from 39.69% in 2020 to 16.21% in 2023, primarily due to falling prices of polyvinyl chloride (PVC) [3] - The company reported a net profit of 2.24 billion yuan for the first three quarters of 2024, a slight increase of 2.92% year-on-year [4] Group 3 - The green ammonia industry is emerging due to favorable policies and the drive towards carbon neutrality, with green ammonia produced through clean electricity, resulting in nearly zero carbon emissions [6] - Domestic planned green ammonia capacity is nearly 15 million tons/year, with a significant concentration in Inner Mongolia, accounting for 71% of total planned capacity [7] - The global green ammonia market is projected to reach 5.48 billion USD by 2030, with a compound annual growth rate of 74.8% [7]
盘前有料丨国产AI智能体刷屏;五大财经要员最新发声……重要消息还有这些
证券时报· 2025-03-07 00:33
Core Views - The article highlights significant economic and financial developments in China, including monetary policy adjustments, the establishment of investment funds, and regulatory measures to protect investors [4][5][6][7]. Group 1: Monetary Policy and Economic Measures - The People's Bank of China plans to adjust the reserve requirement ratio and interest rates based on domestic and international economic conditions, indicating there is still room for lowering the reserve requirement ratio [4]. - A national venture capital guidance fund will be established to support the growth of innovative enterprises, combining the cultivation of new and traditional industries [5]. - The Ministry of Finance will implement two new loan interest subsidy policies to stimulate consumer spending, particularly in sectors closely related to daily life [9]. Group 2: Regulatory Actions - The China Securities Regulatory Commission emphasizes strict regulation to protect investors, focusing on serious violations such as financial fraud and market manipulation [6]. - The regulatory framework will be enhanced across all stages of the market, including information disclosure and corporate governance [6]. Group 3: Industry Developments - The launch of the first general-purpose AI intelligent agent product, Manus, by the Monica team marks a significant advancement in AI technology [10]. - The European Central Bank has lowered key interest rates, aligning with market expectations, which may influence global financial conditions [11]. Group 4: Company Announcements - Water Crystal Optoelectronics plans to acquire a 95.6% stake in Guangdong Aikesi for approximately 323.5 million yuan, aiming to enhance its AR/VR business [14]. - Wuhan Holdings intends to purchase 100% of Wuhan Municipal Institute, which will diversify its business and create new revenue streams [15]. - Macro Shenghuayuan's subsidiary is a candidate for multiple procurement projects from the State Grid, with a potential value of approximately 1.354 billion yuan [21].
君正集团(601216) - 君正集团关于签署《阿拉善风光制氢及绿色能源一体化项目战略合作框架协议》的公告
2025-03-06 11:15
证券代码:601216 证券简称:君正集团 公告编号:临2025-001号 内蒙古君正能源化工集团股份有限公司 关于签署《阿拉善风光制氢及绿色能源一体化项目 战略合作框架协议》的公告 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、准确性和完整性承担法律责任。 重要内容提示: 本协议仅为双方战略合作的框架性协议,为战略合作的意向文本,不具 有法律约束力。 本协议中所涉及的项目尚需开展相关前期工作及取得相关审批手续,具 体合作事项及实施进展存在不确定性,也存在合作未达预期的风险。 本协议所涉项目的建设规模和投资金额为初步预计,实际建设规模及投 资金额以项目核准批复为准。公司将在具体合作事宜明确后,按照上海证券交 易所《股票上市规则》等法律法规、规范性文件及《公司章程》等有关规定和 要求履行相应的审批程序及信息披露义务,是否能够审批通过存在不确定性。 本协议履行过程中存在受行业政策调整、市场环境变化等不可预计因素 及其他不可抗力因素的影响,存在无法履行的风险。 本协议的签订不会对公司 2025 年度业绩产生重大影响,对公司未来经 营业绩的影响需视具体项目的推进 ...