润泽科技半年报：持续稳定分红彰显底气，政策红利护航长期价值​

Core Viewpoint - The article highlights the strong emphasis on shareholder returns by Runze Technology, demonstrated through its stable dividend plan amidst increasing market preference for high-dividend, stable-return stocks [1][2]. Summary by Sections Dividend Plan - Runze Technology plans to distribute a cash dividend of 3.995 yuan (including tax) for every 10 shares, with an expected total payout of 652 million yuan (including tax) [1]. - The company's robust operating performance supports this dividend plan, with reported revenue of 2.496 billion yuan and a net profit of 882 million yuan for the first half of 2025 [1]. - The net cash flow from operating activities reached 2.262 billion yuan, a significant increase of 1501.56% year-on-year, indicating strong cash support for the dividend [1]. Policy Alignment - The dividend plan aligns with recent regulatory guidance encouraging listed companies to enhance shareholder returns, as emphasized by the chairman of the China Securities Regulatory Commission [1]. - The joint release by seven ministries on August 5 supports profitable and dividend-capable tech enterprises, positioning Runze Technology favorably for future financing and resource acquisition [2]. Capital Operations and Asset Management - Runze Technology successfully listed its data center REIT on August 8, raising 4.5 billion yuan, which helps optimize financial metrics and reserves for future profit growth and dividends [2]. - The company delivered four new computing centers in various locations, totaling approximately 220 MW, with a high utilization rate of over 90% for existing centers [2]. Energy and Infrastructure Development - The company has secured approvals for multiple substations across its parks, enhancing its energy supply stability, which is crucial for long-term development [3]. - The growth in energy consumption and power supply positions the company advantageously in the context of increasing demand for computing power [3].