120家A+H上市公司拟年报分红超7300亿元

Core Viewpoint - The total dividend amount for A+H listed companies in 2024 is expected to reach 1.2 trillion yuan, representing a year-on-year increase of 5.2% due to a growing emphasis on shareholder returns and stable company performance [1][3]. Group 1: Dividend Distribution - As of the end of March, 120 out of 151 A+H listed companies announced dividend plans for 2024, accounting for 79.47% of the total [2]. - The total dividend amount announced by these 120 companies is 733.25 billion yuan, with significant contributions from the banking sector, which plans to distribute 291.08 billion yuan [2][3]. - Major banks like Industrial and Commercial Bank of China, China Construction Bank, and China Merchants Bank are set to distribute over 500 billion yuan each, with total dividends exceeding 1 trillion yuan when including mid-year distributions [2]. Group 2: Company Performance and Shareholder Returns - The 120 A+H listed companies reported a total revenue of 26.88 trillion yuan and a net profit of 3.31 trillion yuan, reflecting a year-on-year profit growth of 9.7% [3]. - Companies are increasingly aware of the importance of returning value to shareholders, with China Mobile planning to increase cash distributions to over 75% of its annual profit over the next three years [3]. Group 3: Regulatory Environment and Future Outlook - The overall dividend distribution in the Shanghai and Shenzhen markets is projected to reach 1.46 trillion yuan in 2024, a 6.5% increase from the previous year, driven by regulatory encouragement for higher dividend payouts [4]. - Regulatory bodies have implemented measures to enhance dividend stability and predictability, promoting multiple distributions within a year [4][5]. - Experts anticipate continued growth in dividend sizes and frequencies, with improvements in balance, timeliness, and stability expected in the future [5].