Core Viewpoint - The number of indices a listed company is included in, along with the market recognition of these indices, serves as an important reference for evaluating the investment value of the company [1] Group 1: Market Context - Since August, the bullish atmosphere in the Chinese capital market has intensified, with major A and H-share indices reaching new highs, indicating a potential acceleration in index performance [1] - High-quality stocks that are included in multiple indices and index-linked funds are particularly noteworthy, as they are likely to attract more buying interest from external investors during a bull market [1] Group 2: Company Profile - China Hongqiao - China Hongqiao (01378) is highlighted as a representative company with significant potential, having been included in a total of 216 indices, with 16 of these indices linked to fund products, amounting to a total fund size of approximately 42.6 billion yuan [1] - The average market value of China Hongqiao shares held by each index fund is about 946 million yuan [1] Group 3: Investment Value Recognition - China Hongqiao has a substantial weight in several actively managed index funds, reflecting its recognized investment value among professional investors [2] - In the CSI Hong Kong 100 Equal Weight Index, China Hongqiao accounts for approximately 1.41% of the fund, making it the second-largest holding by market value [2] - The company has been newly included in 24 indices this year, with the latest inclusion being in the Hang Seng Hong Kong Stock Connect Resource Series Index on August 11 [2] Group 4: Dividend and Share Buyback Strategy - China Hongqiao has been enhancing its shareholder return mechanism by increasing its dividend payout ratio and implementing share buybacks, with dividends projected to rise from 0.51 HKD per share in 2022 to 1.61 HKD in 2024 [3] - The company has spent 2.61 billion HKD to repurchase approximately 18.7 million shares in the first half of the year, with plans to initiate a new buyback program of at least 3 billion HKD [3] Group 5: Financial Performance - The latest financial report shows that China Hongqiao's revenue and net profit attributable to shareholders reached 81.039 billion yuan and 12.361 billion yuan, respectively, representing year-on-year increases of 10.1% and 35% [3][4] - The company is also expanding its production capacity through strategic acquisitions and international projects, which are expected to enhance its competitive advantage and profitability [4] Group 6: Future Outlook - With the increasing number of indices including China Hongqiao, the number of index funds holding the company is expected to grow, enhancing its attractiveness to external investors [4] - Given its strong growth potential and high dividend characteristics, the company's stock price is anticipated to maintain robust support, with expectations for continued upward momentum in a bullish market environment [4]
被密集纳入多个重要指数，中国宏桥的“含金量”还在上升？