润泽科技半年报：持续稳定分红彰显底气，政策红利护航长期价值

Core Viewpoint - The company, Runze Technology, emphasizes shareholder returns through a stable dividend plan in its 2025 semi-annual report, reflecting its confidence in long-term operations and aligning with market preferences for high-dividend, stable-return stocks [1] Financial Performance - Runze Technology plans to distribute a cash dividend of 3.995 yuan (including tax) for every 10 shares, with a total expected payout of 652 million yuan (including tax) [1] - The company reported a revenue of 2.496 billion yuan and a net profit attributable to shareholders of 882 million yuan for the first half of 2025 [1] - Operating cash flow significantly improved, reaching a net cash flow from operating activities of 2.262 billion yuan, a year-on-year increase of 1501.56%, providing strong cash support for the dividend plan [1] Policy Alignment - The dividend plan aligns with recent regulatory guidance encouraging listed companies to enhance shareholder returns, as highlighted by the China Securities Regulatory Commission's chairman [1] - The joint announcement by seven ministries on August 5 supports profitable and dividend-paying tech enterprises, positioning Runze Technology favorably for future financing and resource acquisition [2] Capital Operations - Runze Technology successfully listed its Southern Runze Technology Data Center REIT on August 8, raising 4.5 billion yuan, which helps optimize financial metrics and reserves for future profit growth and dividends [2] - The company delivered four new computing power centers in various locations, totaling approximately 220 MW, with a high on-shelf rate of over 90% for mature centers [2] Energy and Infrastructure - The company has received approvals for new substations across its various parks, enhancing its power supply stability, which is crucial for long-term development [3] - The increase in energy consumption and power stability supports the company's growth in computing power delivery, further enhancing its long-term dividend capacity and investment value [3]