CATL(SZ:300750) Di Yi Cai Jing Zi Xun·2025-07-31 15:35Core Viewpoint - A significant number of listed companies in the A-share market are increasing their mid-term dividend distributions, with over 20 companies announcing plans to distribute more than 10 billion yuan in cash dividends for the first half of 2025 [1][2][3]. Group 1: Dividend Announcements - Companies such as Ningde Times plan to distribute over 4.57 billion yuan in cash dividends, with a payout ratio of 15% [2][3]. - Other companies like WuXi AppTec and Dongpeng Beverage have also announced cash dividends exceeding 1 billion yuan [2][3]. - As of July 31, over 20 listed companies have disclosed their mid-term profit distribution plans, with total cash dividends exceeding 10 billion yuan [3][4]. Group 2: Performance and Growth - Most companies announcing mid-term dividends have reported positive year-on-year growth in net profits for the first half of the year, with some companies like WuXi AppTec and DingTong Technology seeing net profit growth exceeding 100% [3][4]. - Ningde Times reported total revenue of 178.89 billion yuan for the first half of the year, a 7.3% increase year-on-year, with net profit reaching 30.49 billion yuan, up 33.3% [2][3]. Group 3: Regulatory Environment and Trends - Regulatory policies have emphasized the need to enhance investor returns and increase the frequency of dividends, leading to a record high in both the frequency and amount of mid-term dividends among A-share listed companies [4][6]. - In 2024, over 700 A-share companies implemented mid-term dividends, with total distributions exceeding 580 billion yuan, marking a doubling in both the number of companies and the total amount compared to previous years [6][7]. - Companies are increasingly establishing long-term dividend return plans, with some like Zhongfang Biao outlining their profit distribution management policies to ensure reasonable returns to investors [6][7].