Core Viewpoint - The company emphasizes its commitment to investor returns and aims to enhance profitability while creating value for shareholders [1] Group 1 - The company will operate steadily and focus on improving its profitability [1] - It plans to consider its operational realities, regulatory requirements, and funding needs for key projects and sustainable development when making financial decisions [1] - The company intends to flexibly utilize its own funds or leverage share repurchase loan policies to conduct share buybacks at appropriate times, aiming to maintain its market value and boost investor confidence [1]

证券日报网讯积成电子9月29日在互动平台回答投资者提问时表示，公司管理层高度重视投资者回报， 近年来不断通过提升公司经营业绩和自身价值、加强投资者关系管理以及现金分红等方式来不断回馈广 大投资者，未来亦将踏实做好公司经营并持续保持稳定的现金分红政策。 （文章来源：证券日报） ...

坚持做难而正确的事 作者：闻道 编辑：俊逸 风品：李莉 来源：首财——首条财经研究院 科创100ETF来了！富国基金这次能找回主场优势？ 1 卡位高景气赛道 多只ETF涨幅翻倍 借势ETF大年，富国基金ETF生态链发威，驱动规模进阶。 天天基金网显示，截至2025年9月24日，富国基金总规模11664.14亿元。相比年初的10511.01亿元增超 1500亿元。 其中，ETF基金是增长主力军。同期达到2698.17亿元。较年初的1947.15亿元，增长超750亿元，约占总 增量的50%。 2023年以来，洞察到ETF市场的蓬勃发展与投资者结构变化，富国量化团队加码前瞻布局、差异化创 新，逐步构建起覆盖宽基、主题、行业等多维度的全面ETF策略体系，继而吃到了这波市场红利。 2025年以来，A股市场在政策资金双轮驱动下持续走强，上证指数于8月下旬接连突破3700点和3800点 关口，创近十年新高。 市场赚钱效应影响下，科技成长风格表现强悍，算力、人形机器人、创新药等板块轮动活跃。截至9月 26日，科创100指数年内涨超40%，堪称本轮行情的"领头羊"。 在此背景下，9月15日富国基金发行的科创100ETF富国基金 ...

Group 1 - The company participated in a collective reception day and mid-year performance briefing organized by the Shanghai Company Association and Panoramic Network on September 19, 2025, to enhance interaction with investors [1] - The company plans to establish a gold refining subsidiary and a luxury goods sales company to improve its gold industry chain and expand its presence in the luxury market, aiming to enhance brand value and market competitiveness [2] - The company has a history of 24 cash dividend distributions since its listing, totaling 8.428 billion yuan, which accounts for 43.82% of the cumulative net profit of 19.232 billion yuan as of the 2024 fiscal year [2] Group 2 - In response to the Shanghai Stock Exchange's initiative for quality improvement and shareholder returns, the company has developed a special action plan for 2025, which includes increasing the frequency of dividends [3] - The company has approved a mid-year profit distribution plan for 2025, with a total cash dividend of approximately 172.63 million yuan, representing 14.15% of the net profit attributable to shareholders for the first half of 2025 [3] - The company emphasizes the importance of investor returns and aims to maintain a consistent and stable profit distribution policy, providing sustainable value returns to shareholders [3]

（编辑 袁冠琳） 证券日报网讯 牧原股份9月15日在互动平台回答投资者提问时表示，公司高度重视投资者回报，未来会 结合当年的市场行情、现金流情况、资本开支计划等方面动态调整分红比例，为投资者提供长期、稳 定、可持续的现金分红，增强投资者的获得感。同时，公司也会根据发展阶段及实际情况，综合运用多 种方式做好投资者回报，与投资者共享发展成果。 ...

Core Viewpoint - Guizhou Moutai held a performance briefing for the first half of 2025, highlighting steady growth in revenue and profit despite challenges in the liquor industry, and emphasizing international expansion and investor returns as key focus areas [1][3][4][6] Financial Performance - For the first half of 2025, Guizhou Moutai reported total revenue of 91.094 billion yuan, a year-on-year increase of 9.16% - Net profit reached 45.403 billion yuan, reflecting an 8.89% year-on-year growth - The company noted a significant recovery in market sales since August, with expectations for further improvement [3] Market Strategy - The company has optimized its market strategy and product offerings to adapt to industry adjustments and changing consumer trends - Contract liabilities decreased by 44.89% year-on-year, indicating a focus on sustainable partnerships with channel partners [3] International Expansion - Guizhou Moutai achieved significant growth in international markets, enhancing its global brand influence - The company is advancing its international strategy through six key systems, including brand image establishment, product matrix optimization, and global price monitoring - Marketing efforts include events in Singapore, Australia, and Japan, as well as participation in international forums [4] Investor Returns - The company is open to discussions regarding stock split proposals, emphasizing its commitment to investor returns - A three-year dividend plan of no less than 75% was announced, with 6 billion yuan already repurchased this year - The company is investing 15.516 billion yuan in capacity upgrades, aiming to increase actual production capacity by approximately 19,800 tons per year [6]

Group 1 - The total dividend amount for all A-share listed companies in the first half of 2025 is expected to reach CNY 647.998 billion, representing a year-on-year growth of 16.52% and 10.00% respectively [2][5] - Among the 489 centrally state-owned enterprises, 116 have declared or implemented dividends, accounting for 23.72%, with a total dividend amount of CNY 461 billion, a year-on-year increase of 5.13% [2][6] - The banking sector continues to lead in dividend scale, with significant participation from industries such as machinery, pharmaceuticals, and non-bank financials, where over 50 companies declared dividends [2][9][13] Group 2 - Seven industries have seen a year-on-year increase in dividend amounts exceeding 100%, with agriculture, coal, and computer sectors showing growth rates over 200% [2][14] - The report suggests focusing on industries with historically high dividend ratios and significant growth in dividend amounts, as companies are increasingly prioritizing investor returns [2][18]

Group 1 - The company emphasizes its commitment to investor returns and will maintain a stable dividend policy as long as its operations are stable and cash flow is sufficient for sustainable growth [1] - The company aims to actively reward shareholders through its dividend policy [1] - The company has expressed its focus on long-term development while ensuring continuous operations [1]

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) is committed to providing reasonable returns to stakeholders and maintaining a stable dividend policy, with a focus on enhancing investor satisfaction through increased dividend frequency and amounts [1][2]. Group 1: Dividend Policy and Performance - In 2024, ICBC introduced a mid-year dividend, marking the first time it will distribute dividends twice a year, with a mid-year dividend amounting to 51.1 billion yuan and an annual end dividend of 58.7 billion yuan, totaling 109.8 billion yuan for the year, making it the highest dividend-paying company in A-shares [1]. - For 2025, ICBC plans to continue its mid-year dividend policy, with a distribution of approximately 50.4 billion yuan, maintaining a dividend rate above 30% [1][2]. Group 2: Shareholder Returns and Financial Health - Since its listing in 2006, ICBC has maintained a high dividend level, with a cumulative cash dividend return exceeding 1.5 trillion yuan, making it the highest dividend payer in A-shares [2]. - As of June 2025, ICBC's capital adequacy ratio stood at 19.54%, reflecting a 15 basis point increase from the previous year, providing solid capital support for business operations [2]. Group 3: Capital Management and Future Strategy - ICBC emphasizes profit accumulation as the primary source for capital replenishment, having retained 105.9 billion yuan in profits after dividends in the first half of the year, which is used to supplement capital [3]. - The bank has successfully issued 190 billion yuan in capital instruments by August, reducing the cost of existing capital instruments by 24 basis points since the beginning of the year, effectively managing capital costs [3]. - Looking ahead, ICBC aims to adapt to a low-interest-rate environment, focusing on revenue growth and risk management while maintaining a reasonable dividend ratio to create long-term stable value returns for shareholders and investors [3].

Core Viewpoint - Shandong Expressway Bridge Group Co., Ltd. has shown significant improvement in cash flow and overseas business expansion, while also enhancing shareholder returns through increased dividends and share buybacks [1] Group 1: Financial Performance - In the first half of 2025, the company's net cash flow from operating activities increased by 33.79% year-on-year, attributed to a stable economy and effective measures to alleviate local fiscal pressure [1] - The company has established a collection task force to strengthen the collection of receivables and contract assets, aiming to reduce asset impairment provisions in the future [1] Group 2: Asset Impairment and Management - The company strictly follows accounting standards to recognize bad debt provisions, with the main assets affected being receivables and contract assets [1] - Future strategies include enhancing the "dual clearance" work to ensure the rights of contract assets and receivables, while focusing on high-quality clients [1] Group 3: Overseas Business Development - In the first half of 2025, the company achieved a bidding amount of 9.434 billion yuan in overseas construction projects, with a focus on emerging markets such as South America, Central Asia, and Southeast Asia [1] - The company has a complete industrial chain and rich construction qualifications, which strengthens its competitive advantage in international bidding [1] Group 4: Shareholder Returns - Since meeting dividend conditions, the company has consistently increased its total dividend amount, introducing semi-annual and quarterly dividends starting in 2024 [1] - The company plans to continue share buybacks and increase cash dividends to enhance shareholder value and market confidence [1] Group 5: Market Outlook - The Shandong provincial government plans to invest 250 billion yuan in comprehensive transportation by 2025, with significant expansions in highway infrastructure [1] - As the largest highway contractor in Shandong, the company is positioned to benefit from ongoing infrastructure development in the province [1]