Shang Hai Zheng Quan Bao·2026-02-05 17:52Group 1 - The core viewpoint of the articles highlights the trend of cash dividends being distributed by companies listed on the Shanghai Stock Exchange ahead of the Spring Festival, with a total of approximately 258 billion yuan expected to be distributed in the last six trading days before the holiday [1][2] - As of February 5, 2026, the total cash dividends distributed by Shanghai-listed companies reached 3,218 billion yuan, with expectations to surpass 3,476 billion yuan before the Spring Festival, marking a significant increase from the previous year's 3,000 billion yuan [1][3] - Major banks are leading the cash distribution, with nine banks, including Industrial Bank and China Merchants Bank, announcing a total of nearly 700 billion yuan in cash dividends for the first half of 2025 [1][2] Group 2 - The trend of increased cash dividends reflects a positive development in the willingness and ability of companies to distribute profits, particularly among state-owned banks, which collectively distributed 2,046.57 billion yuan in cash dividends, with a payout ratio exceeding 30% [2][5] - Companies like Changjiang Electric Power and Darentang are actively rewarding investors with substantial cash dividends, showcasing their commitment to high-quality development and robust operational performance [3][4] - Darentang has distributed a total of 51.17 billion yuan in cash dividends since its listing in 2001, with an average payout ratio of 50.69%, indicating a strong commitment to shareholder returns [4][5]