A股，新常态！多家上市公司首次中期分红

Core Viewpoint - The trend of interim dividends and multiple dividends within a year is becoming the new normal for listed companies in China, reflecting their operational quality and positive industry outlook [1][4]. Group 1: Interim Dividends Expansion - Over 20 listed companies have recently announced their first interim dividend plans, including Taihe Co., China Steel Tianyuan, and Juchip Technology, with a total cash dividend of 153 million yuan [3]. - Taihe Co. plans to distribute 90 million yuan, China Steel Tianyuan 45.23 million yuan, and Juchip Technology 17.42 million yuan, marking their first interim dividends with payout ratios of approximately 49%, 31%, and 19% respectively [3]. - Major companies like CRRC, Hengli Petrochemical, and Changan Automobile have also introduced interim dividend plans, with CRRC proposing a total cash dividend of 3.157 billion yuan [3]. Group 2: Total Dividend Amounts - Approximately 400 companies have disclosed interim dividend plans, with a total planned dividend amount of around 180 billion yuan, including three companies with dividends exceeding 10 billion yuan [6]. - China Mobile, China Telecom, and Sinopec are set to distribute 54 billion yuan, 16.581 billion yuan, and 10.67 billion yuan respectively, with payout ratios of 64%, 72%, and 50% [6]. Group 3: Industry Trends and Policies - The trend of high dividend amounts, ratios, and frequencies is closely linked to supportive policies, with the new "National Nine Articles" encouraging stable, predictable dividends [9]. - In 2024, a record 3,720 companies engaged in cash dividends totaling approximately 2.4 trillion yuan, marking a continuous three-year trend above 2 trillion yuan [9]. - Recommendations for optimizing dividend policies suggest differentiated strategies for companies in various industries and stages of development, encouraging mature companies to increase dividend amounts and frequencies [9].