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红利国企ETF(510720)涨超1.1%,降准背景下红利资产性价比引关注
Sou Hu Cai Jing·2025-07-10 06:33

Group 1 - BeiGene announced its first positive GAAP operating profit in Q1 2025, with a net profit of $1.27 million, and reaffirmed its full-year revenue guidance of $4.9-5.3 billion, primarily driven by the increase in global market share of its flagship product, Zanubrutinib [1] - TCL Technology forecasted a year-on-year increase of 81%-101% in net profit attributable to shareholders for the first half of 2025, estimating it to be between 1.8 billion to 2 billion yuan [1] - The Shanghai Stock Exchange emphasized the need for listed companies to increase dividend payouts and frequency, as well as to enrich the dividend index product system to enhance market investment value [1] Group 2 - Guosen Securities pointed out that traditional dividend indices are facing a shift from "true dividends" to "pseudo dividends," with the banking, coal, and transportation sectors accounting for 56% of the index, leading to a high concentration of cyclical stocks [1] - Current dividend assets hold allocation value in a broadly declining interest rate environment, with a recommendation to focus on stocks with a dividend yield above 3% and low ROE volatility, particularly in sectors like refining trade, home appliances, and infrastructure that have seen declines of over 4% since the beginning of the year [1] - Bank stocks have undergone a systemic revaluation, transitioning from a "high-yield undervalued area" to a "dynamic benchmark ballast," making them a core allocation direction among dividend assets due to their low volatility and dividend yields exceeding 6% [1] - Resource-related dividends (such as coal and oil) and financial stability dividends (such as operators) with expected dividend yields greater than 4% are also worth exploring [1] Group 3 - The National State-Owned Enterprise Dividend ETF tracks the China Securities State-Owned Enterprise Dividend Index (code: 000824), which selects stable dividend-paying state-owned enterprises from the Shanghai and Shenzhen markets [2] - The index focuses on financially sound and high-dividend-capable state-owned enterprises, covering multiple industries but leaning towards traditional economic sectors to reflect the overall market performance of high-dividend state-owned enterprises [2]