深市“双提升”：471家率先行动，分红占净利润比重2年提升近11个百分点

Core Insights - The "Quality Return Dual Improvement" initiative launched by the Shenzhen Stock Exchange aims to enhance the development quality and investment value return capabilities of listed companies, with 471 companies having disclosed action plans by November 2025 [1][2] Group 1: Company Participation and Industry Coverage - Among the 471 companies, 293 are part of the Shenzhen Component Index, 88 are in the CSI 300 Index, and 82 belong to the ChiNext Index, collectively representing about 50% of the total market capitalization of Shenzhen [2] - The participating companies span 30 industries, including electronics, power equipment, pharmaceuticals, and computers, with a significant presence of private enterprises, accounting for nearly 70% of the participants [2] Group 2: Focus Areas of Improvement - The action plans from the listed companies emphasize three main focuses: enhancing core business awareness, improving technological innovation capabilities, and strengthening regulatory operations [2] - Specific examples include Mindray Medical (300760.SZ) increasing R&D investment and global expansion, and BYD (002594.SZ) planning R&D expenditures of 54.2 billion yuan in 2024 [2] Group 3: Shareholder Returns and Buybacks - Companies are increasing dividend and buyback efforts, with firms like BOE Technology Group (000725.SZ) disclosing future shareholder return plans, and Anke Bio (300009.SZ) maintaining 16 consecutive years of cash dividends [3] - The average annual dividend growth rate for "dual improvement" companies from 2022 to 2024 is 10.0%, with 2024 dividends accounting for 43.6% of net profits, a 10.9 percentage point increase from 2022 [5] Group 4: Financial Performance and Market Response - In terms of financial performance, "dual improvement" companies achieved a total revenue of 9.8 trillion yuan in 2024, a 3.6% year-on-year increase, and a net profit of 743.39 billion yuan [4] - The average stock price increase for these companies from February 2024 to November 2025 was 77.2%, surpassing the Shenzhen Component Index, with a total market capitalization of 21.2 trillion yuan by November 2025 [6]