4084家公司实现盈利回升向好态势巩固

Core Insights - The report from the China Listed Companies Association indicates that 5,412 listed companies have published their 2024 annual reports, with a total cash dividend amounting to nearly 2.4 trillion yuan, marking a historical high [1][2] - In 2024, the total operating revenue of listed companies reached 71.98 trillion yuan, with a year-on-year growth of 1.46% in Q4 and a quarter-on-quarter growth of 8.11%, indicating a positive trend in company performance [1] - The net profit for listed companies in Q1 2025 was 1.49 trillion yuan, reflecting a year-on-year increase of 3.55% and a quarter-on-quarter increase of 89.71%, further solidifying the recovery trend [1] Company Performance - Nearly 60% of listed companies achieved positive revenue growth, showcasing an overall improvement in performance [1] - High-tech manufacturing companies saw a revenue increase of 6.66% in 2024, driven by policies promoting innovation and industrial upgrades [1] - The industrial metals sector experienced rapid growth, with revenue and net profit increasing by 6.92% and 29.22%, respectively [2] R&D and Innovation - Listed companies' total R&D investment reached 1.88 trillion yuan in 2024, an increase of nearly 60 billion yuan from the previous year, accounting for 51.96% of the national R&D expenditure [2] - The innovative pharmaceutical and medical device sectors reported positive revenue growth, with the innovative drug sector's net profit increasing by 13.31% [2] Dividend and Share Buyback Trends - A total of 3,751 listed companies have announced or implemented cash dividend plans for 2024, with an average dividend payout ratio of 37.78% [2] - The number of companies implementing quarterly or semi-annual dividends increased significantly, with 1,013 companies participating [2] - In 2024, 1,564 new share buyback plans were announced, with a total proposed buyback amount of 227.4 billion yuan, and 14 companies planning to repurchase over 1 billion yuan [3]