


Group 1 - China Shenhua announced a profit distribution plan for the first half of 2025, with a distribution amount of no less than 75% of the net profit attributable to shareholders [1][2] - The company has maintained stable profitability and high dividend payouts due to its integrated operation model and a high proportion of long-term contracts [1][2] - Since its A-share listing in 2007, China Shenhua has accumulated profits exceeding 749 billion yuan and has returned a total of 491.9 billion yuan in cash dividends to shareholders, with an average dividend payout ratio of over 60% [1][2] Group 2 - The new shareholder return plan for 2025-2027 stipulates that annual cash distributions will be no less than 65% of the net profit attributable to shareholders, with an intention to increase the frequency of dividends [2] - The management emphasized that the recent asset injection will not affect the company's dividend policy and aims to enhance EPS rather than dilute it [2] - China Shenhua's commitment to governance and dividends remains unchanged, ensuring sustainable high returns for investors [2] Group 3 - With the average annualized yield of bank wealth management products at only 2.12%, China Shenhua's high dividend yield of 6.02% makes it increasingly attractive to investors [3] - The shift in market focus from growth to value has made high dividend strategies a preferred choice for many funds, as evidenced by the increase in shareholding by investors like瑞众保险 [3]