FII(SH:601138) Chang Jiang Shang Bao·2025-10-21 23:41Core Viewpoint - Industrial Fulian (601138.SH), a major AI server manufacturer, has announced its first-ever interim dividend due to rapid profit growth, distributing a cash dividend of 3.3 yuan per 10 shares, totaling 6.551 billion yuan, which represents 54.08% of its net profit for the first half of 2025 [1][2][5] Financial Performance - In the first half of 2025, Industrial Fulian achieved a revenue of 360.76 billion yuan, a year-on-year increase of 35.58%, and a net profit attributable to shareholders of 12.113 billion yuan, up 38.61% [6][7] - The company's net profit since its listing in 2018 has reached 149.392 billion yuan, with cumulative cash dividends of 63.095 billion yuan, resulting in an average payout ratio of 42.23% [2][6] Dividend History - Industrial Fulian has consistently paid high annual dividends since its IPO, with amounts exceeding 10 billion yuan annually from 2022 to 2024, and a payout ratio maintained above 54% [2][6] - The recent interim dividend reflects a broader trend in the A-share market towards regular shareholder returns, encouraged by regulatory bodies [2] Stock Performance - The stock price of Industrial Fulian has surged by 226% from 20.86 yuan per share at the beginning of 2025 to 68 yuan per share as of October 21, 2025, with a current market capitalization of 1.35 trillion yuan [1][7] Shareholder Return Strategies - In addition to dividends, Industrial Fulian has implemented stock buyback plans, having completed two rounds of buybacks since 2021, with the latest plan involving a budget of 5 to 10 billion yuan [3][4]