Cai Jing Wang·2026-02-13 01:51Core Viewpoint - A-share listed companies are increasingly distributing cash dividends, with nearly 120 companies in the Shenzhen market having completed profit distribution, totaling over 37.5 billion yuan in cash dividends since December 2025, reflecting a strong commitment to shareholder returns [1] Group 1: Dividend Distribution Trends - Private enterprises are the main contributors to pre-holiday dividends, with nearly 70 out of the 120 companies being private, accounting for about 60% of the total [1] - The trend of multiple dividends per year and concentrated distributions before the Spring Festival is becoming a norm in the market, enhancing investor satisfaction [2] - In 2025, Shenzhen listed companies issued a total of 547.56 billion yuan in cash dividends, maintaining over 500 billion yuan for two consecutive years, indicating a positive ecosystem for dividends [2] Group 2: Company Performance and Dividend Policies - As of January 31, 2026, 1,714 out of 2,866 listed companies in Shenzhen have pre-disclosed their 2025 performance, with nearly 60% showing improved results, collectively achieving a net profit of 82.01 billion yuan, a significant increase of 155.67 billion yuan year-on-year [2] - Yilian Network, a representative "cash cow" enterprise, has implemented a consistent dividend policy since its listing in 2017, with a total cash dividend exceeding 8.5 billion yuan and an average dividend rate close to 60% [3] - Companies are enhancing the transparency and predictability of their dividend policies by revising company charters and establishing medium to long-term dividend plans [2][3]