红利板块防御性配置价值凸显，国企红利ETF(159515)蓄势调整

Core Viewpoint - The news highlights the performance of the state-owned enterprise dividend index and the growing significance of dividend-paying stocks in the current market environment, particularly in light of recent cash dividend announcements from listed companies [2][3]. Group 1: Market Performance - As of September 4, 2025, the China Securities State-Owned Enterprises Dividend Index (000824) decreased by 0.37%, with mixed performance among constituent stocks [1]. - Leading stocks included Huafa Co., Ltd. (600325) with a rise of 3.65%, Agricultural Bank of China (601288) up by 1.96%, and Jianfa Co., Ltd. (600153) increasing by 1.85% [1]. - Conversely, COFCO Sugar (600737) led the decline, along with Weifu High Technology (000581) and Huayu Automotive (600741) [1]. Group 2: Dividend Announcements - On August 29, 811 listed companies announced cash dividend plans totaling 643.7 billion yuan, marking a historical high for the same period [2]. - According to Zhongtai Securities, the defensive allocation value of dividend stocks has become prominent amid a general outflow of institutional funds, suggesting that dividend assets may provide stability in the market [2]. Group 3: ETF Performance - The state-owned enterprise dividend ETF (159515) saw a scale increase of 3.2299 million yuan and a share increase of 3.9 million shares over the past two weeks [3]. - The index tracks 100 listed companies with high and stable cash dividend yields, reflecting the overall performance of high-dividend securities among state-owned enterprises [3]. - As of August 29, 2025, the top ten weighted stocks in the index accounted for 16.84% of the total, with China COSCO Holdings (601919) being the largest component [3].