向“质”而行、回报加码！深市核心公司让“双提升”理念落地生根丨深市“质量回报双提升”系列报道

Group 1 - The core idea of the "Quality and Return Dual Improvement" initiative is to guide listed companies to focus on their core businesses and enhance operational performance, thereby solidifying the foundation for capital market development [2] - As of November 2025, 471 companies in the Shenzhen market have actively responded to the initiative, proposing practical measures to enhance core business awareness, innovation capabilities, and investor return levels [1][2] - In the first three quarters of 2025, the 471 "Dual Improvement" companies achieved a total operating revenue of 7.5 trillion yuan, a year-on-year increase of 6.9%, and a net profit of 651.3 billion yuan, up 10.8% year-on-year [2] Group 2 - The companies involved in the initiative have significantly increased their R&D investments, with a total of 430.93 billion yuan in R&D spending in the first half of 2025, representing a year-on-year growth of 6.3% [3] - The proportion of R&D investment relative to operating revenue increased to 4.3%, up 0.1 percentage points year-on-year, indicating a stronger focus on innovation [3] - Notable companies like Mindray Medical and Inovance Technology have made substantial advancements in their respective fields, showcasing the innovation capabilities of Shenzhen enterprises [3] Group 3 - The "Dual Improvement" initiative emphasizes investor returns, with companies implementing a combination of dividends, buybacks, and shareholdings to enhance investor confidence [4] - From 2022 to 2024, the annual dividend amount for the 471 companies grew at a compound annual growth rate of 10.0%, with 433 companies distributing a total of 324.47 billion yuan in cash dividends in 2024 [4] - A total of 378 companies have achieved continuous dividends for three consecutive years, enhancing the predictability and sustainability of shareholder returns [4] Group 4 - The market has shown strong recognition of the "Dual Improvement" initiative, with an average stock price increase of 77.2% for the participating companies from February 2024 to November 2025, significantly outperforming the Shenzhen Composite Index [6] - This initiative has created a virtuous cycle of quality improvement, optimized returns, and market recognition, contributing to the high-quality development of the capital market [7] - The ongoing deepening of the initiative is expected to encourage more listed companies to focus on their core businesses, strengthen innovation, and optimize returns, fostering a sustainable capital market ecosystem [7]