Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant daily and year-to-date gains along with dividend yields [1]. Group 1: Stock Performance - The top stock, Jinbei Electric (002533.SZ), experienced a daily increase of 10.04% and a year-to-date increase of 34.77%, with a dividend yield of 3.45% [1]. - Yuntianhua (600096.SH) saw a daily rise of 6.57% and a year-to-date rise of 36.99%, offering a dividend yield of 5.60% [1]. - Chuanheng Co. (002895.SZ) reported a daily increase of 6.56% and a year-to-date increase of 34.96%, with a dividend yield of 4.43% [1]. Group 2: Additional Notable Stocks - Other notable performers include Tianshan Aluminum (002532.SZ) with a year-to-date increase of 58.11% and a dividend yield of 3.27% [1]. - China Gold (600916.SH) had a daily increase of 4.42% and a year-to-date increase of 5.80%, with a dividend yield of 4.00% [1]. - New Energy Power (600023.SH) experienced a daily rise of 4.24% but a year-to-date decline of 3.89%, offering a dividend yield of 5.62% [1].

Core Viewpoint - Tianshan Aluminum experienced a decline of 0.43% in stock price on September 30, with a trading volume of 438 million yuan, indicating a challenging market environment for the company [1] Financing Summary - On September 30, Tianshan Aluminum had a financing buy-in amount of 31.68 million yuan and a financing repayment of 69.64 million yuan, resulting in a net financing outflow of 37.95 million yuan [1] - The total financing and securities balance for Tianshan Aluminum reached 455 million yuan, with the financing balance accounting for 0.81% of the circulating market value, which is below the 10% percentile level over the past year, indicating a low financing level [1] - In terms of securities lending, Tianshan Aluminum had a repayment of 108,700 shares and a sell-out of 1,600 shares on September 30, with a sell-out amount of 18,500 yuan, while the securities lending balance was 17.46 million yuan, exceeding the 90% percentile level over the past year, indicating a high level of securities lending [1] Business Performance - As of June 30, Tianshan Aluminum reported a total of 49,700 shareholders, an increase of 4.44% from the previous period, with an average of 83,175 circulating shares per person, a decrease of 4.25% [2] - For the first half of 2025, Tianshan Aluminum achieved an operating income of 15.328 billion yuan, representing a year-on-year growth of 11.19%, while the net profit attributable to shareholders was 2.084 billion yuan, reflecting a slight increase of 0.51% year-on-year [2] Dividend and Shareholding Information - Tianshan Aluminum has cumulatively distributed dividends of 6.562 billion yuan since its A-share listing, with a total of 3.463 billion yuan distributed over the past three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited was the seventh-largest circulating shareholder of Tianshan Aluminum, holding 113 million shares, which is a decrease of 10.084 million shares compared to the previous period [3]

Group 1: Strategy Overview - The report highlights that the first anniversary of the bull market has resulted in absolute returns for dividend assets, but the perceived gains are weak, with relative returns lagging behind the market [17][18][19] - From October 24, 2024, to September 25, 2025, the banking sector contributed +5 percentage points to absolute returns, while coal was a significant drag on performance [17][18][23] - The report indicates that the current AH premium index is at the 2nd percentile over the past 15 years, suggesting potential for upward correction in A-share dividend assets [18][19] Group 2: Financial Sector Insights - The banking sector is expected to stabilize its interest margins this year, with insurance funds actively increasing stock allocations [17][18] - Recommendations include focusing on banks with high dividend yields and solid asset quality, particularly smaller regional banks like Chengdu Bank and Jiangsu Bank [17][18] - The report suggests that the economic structural transformation will provide greater elasticity in the fundamentals and valuations of banks, with a focus on banks like China Merchants Bank and Ningbo Bank [17][18] Group 3: Transportation and Utilities - The report identifies several high-yield stocks in the transportation sector, emphasizing the investment value of dividend assets [17][18] - Key recommendations include Sichuan Chengyu and Anhui Expressway, which are noted for their growth potential [17][18] - In the port sector, China Merchants Port is highlighted for its overseas asset layout and increasing dividend payout ratio [17][18] Group 4: Energy and Chemicals - The petrochemical industry is expected to see accelerated transformation and growth, with a focus on energy security and long-term cash flow stability [17][18] - Recommendations include major players like China Petroleum and China National Offshore Oil Corporation [17][18] - The report suggests that coal prices may strengthen due to recent policy measures, with a focus on companies like China Shenhua Energy and Shaanxi Coal and Chemical Industry [17][18] Group 5: Food and Beverage Sector - The report notes that leading companies in the food and beverage sector are showing resilience, with a focus on improving bottom-line signals [17][18] - Recommendations include high-dividend stocks like Moutai and Wuliangye, which are expected to maintain strong cash flows [17][18] - The report also highlights the stability of traditional leaders like Yili and Shuanghui, emphasizing their shareholder return strategies [17][18] Group 6: Home Appliances - The home appliance sector is characterized by quality and cyclical dividends, with a focus on leading companies [17][18] - Recommendations include Midea Group and Haier Smart Home, which are expected to benefit from policy support and improving domestic sales [17][18] - The report also suggests monitoring small appliance leaders like Supor, which are positioned to capitalize on changing consumer demands [17][18] Group 7: Real Estate - The report indicates a recovery in new home transactions from a low base, with a focus on core segments [17][18] - Recommended stocks include Greentown China and Swire Properties, which are noted for their stable cash flows and dividend commitments [17][18] - The report emphasizes the importance of monitoring rental income and occupancy rates in the commercial real estate sector [17][18] Group 8: Metals - The report highlights the recovery of profitability in the metals sector, particularly in aluminum, which is seen as a resilient dividend asset [17][18] - Recommendations include China Hongqiao and Tianshan Aluminum, which are expected to maintain or increase dividend payouts [17][18] - The report also notes the potential for high-dividend stocks in the sector, such as Zhongfu Industrial [17][18] Group 9: Publishing - The education publishing sector is characterized by stability and high dividend yields, with a focus on companies like Southern Publishing [17][18] - The report suggests that companies are actively exploring new business directions, such as AI education, which may provide upside potential [17][18] - Recommendations include Zhongyuan Publishing and Changjiang Publishing, which are noted for their solid fundamentals and dividend policies [17][18] Group 10: Selected Dividend Asset Portfolio - The report presents a curated list of stable dividend assets, including Sichuan Chengyu in transportation and Wuliangye in food and beverage [12][17] - Quality dividend assets highlighted include Midea Group and Southern Publishing, while cyclical dividend assets include Shaanxi Coal and China Hongqiao [12][17] - Potential dividend assets include China Merchants Port in the transportation sector, indicating a diversified approach to dividend investing [12][17]

Group 1 - Tianshan Aluminum conducted a block trade on September 30, with a transaction volume of 34 million shares and a transaction amount of 397 million yuan, at a price of 11.67 yuan, which is a premium of 0.69% over the closing price of the day [2][3] - The closing price of Tianshan Aluminum on the same day was 11.59 yuan, reflecting a decrease of 0.43%, with a turnover rate of 0.91% and a total transaction amount of 438 million yuan, indicating a net inflow of main funds of 2 million yuan [2][3] - Over the past five days, Tianshan Aluminum's stock has increased by 6.82%, while the total net outflow of funds during this period was 229.76 million yuan [2][3] Group 2 - The latest margin financing balance for Tianshan Aluminum is 476 million yuan, which has decreased by 169 million yuan over the past five days, representing a decline of 26.18% [3] - Tianshan Aluminum Group Co., Ltd. was established on November 3, 1997, with a registered capital of 46.52 billion yuan [3]

Core Insights - A total of 78 stocks experienced block trades in the A-share market on September 30, with a total transaction value of 2.585 billion yuan [1] - Tianshan Aluminum, Haiguang Information, and Guangqi Technology had the highest transaction values, amounting to 397 million yuan, 357 million yuan, and 284 million yuan respectively [1] - Among the stocks, 28 were traded at par value, 2 at a premium, and 48 at a discount, with Tianshan Aluminum and Qide New Materials showing the highest premium rates of 0.69% and 0.42% respectively [1] Institutional Buying - The top institutional buying amounts were led by Tianshan Aluminum at 397 million yuan, followed by Changhua Chemical at 90.44 million yuan and Ningde Times at 48.96 million yuan [2] - Other notable institutional purchases included Hehe Information at 48.04 million yuan and Midea Group at 26.16 million yuan [2] Institutional Selling - The highest institutional selling amounts were recorded for Ningde Times at 48.96 million yuan and Midea Group at 26.16 million yuan [3] - Other significant sales included New Industry at 24.58 million yuan and Jingjiawei at 23.17 million yuan [3]

Group 1 - On September 30, Tianshan Aluminum conducted a block trade of 34 million shares, with a transaction amount of 397 million yuan, accounting for 47.55% of the total transaction amount for that day [1][2] - The transaction price was 11.67 yuan, which represents a premium of 0.69% compared to the market closing price of 11.59 yuan [1][2]

Core Viewpoint - Tianshan Aluminum has completed its share repurchase plan, acquiring a total of 23.7052 million shares, which represents 0.51% of the company's total share capital, with a total expenditure of approximately RMB 200 million [4][5]. Summary by Sections Share Repurchase Plan - The company approved a share repurchase plan on April 9, 2025, with a budget between RMB 200 million and RMB 300 million, and a maximum repurchase price of RMB 10 per share [2]. - The repurchase was adjusted to a maximum price of RMB 9.8 per share due to the company's annual equity distribution [3]. Implementation Details - As of the announcement date, the company had repurchased 2,370.52 million shares at prices ranging from RMB 7.41 to RMB 9.79 per share, using a total of RMB 200 million [4][5]. - The repurchase was conducted in compliance with relevant regulations and did not deviate from the approved plan [4][6]. Impact on the Company - The share repurchase is not expected to significantly impact the company's financials, operations, or debt obligations, nor will it alter the company's equity structure or listing status [5]. - The repurchased shares will be used for employee stock ownership plans or equity incentive plans, with unutilized shares to be canceled if not used within 36 months [8]. Compliance and Trading Restrictions - The company adhered to regulations regarding the timing and manner of share repurchases, ensuring no trading occurred during sensitive periods [6][7].

截至发稿，天山铝业市值为541亿元。 每经AI快讯，天山铝业（SZ 002532，收盘价：11.64元）9月29日晚间发布公告称，截至本公告披露 日，本次回购方案已实施完毕。公司通过回购专用证券账户以集中竞价方式累计回购公司股份2370.52 万股，占公司总股本的0.51%，最高成交价为9.79元/股，最低成交价为7.41元/股，已使用资金总额约为 2亿元。 每经头条（nbdtoutiao）——农夫大战怡宝，抢到更多蛋糕的却是宗馥莉！农夫绿瓶上市后，怡宝上 演"滑铁卢"：市占率大跌近5个百分点 2025年1至6月份，天山铝业的营业收入构成为：铝行业占比100.0%。 （记者 王晓波） ...

Core Viewpoint - Tianshan Aluminum (002532.SZ) has completed its share repurchase plan, having repurchased a total of 23.7052 million shares, which represents 0.51% of the company's total share capital [1] Summary by Categories Share Repurchase Details - The company repurchased shares through a dedicated securities account via centralized bidding [1] - The highest transaction price was 9.79 CNY per share, while the lowest was 7.41 CNY per share [1] - The total amount of funds used for the repurchase was 200 million CNY [1] Compliance and Regulations - The share repurchase complies with relevant laws and regulations [1] - The repurchase aligns with the established repurchase plan [1]

证券代码：002532 证券简称：天山铝业 公告编号：2025-062 天山铝业集团股份有限公司 因公司实施 2024 年年度权益分派，本次回购股份价格上限由不超过人民币 10 元/股（含）调整至不超过 9.8 元/股（含），具体内容详见公司 2025 年 4 月 15 日于巨潮资讯网披露的《回购报告书》和 2025 年 5 月 15 日于巨潮资讯网披露的 《2024 年年度权益分派实施公告》。 根据公司回购方案，截至本公告日，公司本次回购股份已实施完毕，根据《上 市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购 关于股份回购完成暨股份变动公告 1 / 4 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 股份》的相关规定，现将公司回购实施结果公告如下： 天山铝业集团股份有限公司（以下简称"公司"）于 2025 年 4 月 9 日召开第 六届董事会第十二次会议，审议通过了《关于以集中竞价交易方式回购公司股份 方案的议案》，同意公司使用股票回购专项贷款和自有资金以集中竞价交易方式 回购公司发行在外的部分 A 股普通股股票。本次用于回购股份 ...