Core Points - The company announced a cash dividend of 0.025 CNY per share, totaling approximately 7.2 million CNY, approved at the 2024 annual shareholders' meeting on May 8, 2025 [1] - The dividend distribution is based on a total share capital of 288,176,273 shares [1] Distribution Plan - The cash dividend will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the market closes on the registration date [1] - The relevant dates for the A shares are as follows: - Registration date: July 3, 2025 - Last trading day: July 4, 2025 - Ex-dividend date: July 4, 2025 [5] Taxation Information - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax; for those holding between one month and one year, 50% of the income is taxable, resulting in a 10% effective tax rate; for those holding for one month or less, the full amount is taxable at a 20% rate [2][3] - For Qualified Foreign Institutional Investors (QFII), a 10% corporate income tax will be withheld, resulting in a net dividend of 0.0225 CNY per share [4][6] - Other institutional investors will not have tax withheld by the company, and the net dividend remains 0.025 CNY per share [6]

欢迎扫描下方二维码关注： 图片 热点梳理 图片 问答来啦 近期 有纳税人来电咨询有关股息红利的相关政策，比如：我公司购买了上市公司股 票，取得的股息红利是否可以免税？若我公司取得符合条件的居民企业之间的股息、红利 等权益性投资收益，在企业所得税汇算清缴时应当填报哪些附表？这一期，申税小微收集 整理了一篇热点问答供大家学习~ 12366 图片 1. 我公司购买了上市公司股票，取得的股息红利是否可以免税？ 答： 根据《中华人民共和国企业所得税法》及其实施条例规定：居民企业直接投资 于其他居民企业取得的权益性投资收益免征企业所得税。 在中国境内设立机构、场所的 非居民企业从居民企业取得与该机构、场所有实际联系的股息、红利等权益性投资收益免 征企业所得税 。上述所称股息、红利等权益性投资收益，不包括连续持有居民企业公开 发行并上市流通的股票不足12个月取得的投资收益。 图片 3. 若我公司取得符合条件的居民企业之间的股息、红利等权益性投资收益，在企业 所得税汇算清缴时应当填报哪些附表？ 答： 根据《中华人民共和国企业所得税年度纳税申报表（A类，2017年版》，企业应 填写《符合条件的居民企业之间的股息、红利等权益性投 ...

上 市 公 司 2025 年 06 月 27 日 中信银行 (601998) ——ROE 更早企稳，被低估的底部股份行 | 基础数据: | 2025 年 03 月 31 日 | | --- | --- | | 每股净资产（元） | 12.64 | | 资产负债率% | 91.61 | | 总股本/流通 A 股(百万) | 55,645/40,763 | | 流通 B 股/H 股（百万） | -/14,882 | 一年内股价与大盘对比走势： -20% 0% 20% 40% 06-27 07-27 08-27 09-27 10-27 11-27 12-27 01-27 02-27 03-27 04-27 05-27 06-27 中信银行 沪深300指数 (收益率) 证券分析师 郑庆明 A0230519090001 zhengqm@swsresearch.com 林颖颖 A0230522070004 linyy@swsresearch.com 冯思远 A0230522090005 fengsy@swsresearch.com 研究支持 报告原因：强调原有的投资评级 买入（维持） | 市场数据： | 2025 年 0 ...

Group 1 - The phenomenon of "capital clustering" is significant in the current structural market of A-shares, with funds concentrating in specific sectors such as core assets, growth tracks, and high-dividend stocks, leading to substantial short-term price increases [1] - On June 27, the banking sector experienced a sharp decline, with several banks like Hangzhou Bank, Chongqing Bank, and Qingdao Bank dropping over 4%, while others like Jiangsu Bank and Agricultural Bank fell more than 3% [1] - The banking sector has seen an increase of nearly 40% in 2024 and over 15% this year, with some individual bank stocks experiencing even greater gains, driven by the low yield environment for traditional savings and investment products [1] Group 2 - Investing in high-dividend assets is not without risks, as these assets are primarily concentrated in traditional industries like energy, finance, and real estate, which are closely tied to macroeconomic cycles [2] - The excessive pursuit of high-dividend assets can lead to valuation bubbles, resulting in rapid adjustments in these assets, especially if companies lack growth momentum [2] - Companies' dividend policies are not fixed and can change due to various factors, including operational conditions and strategic planning, which may lead to reduced or suspended dividends even for historically stable dividend-paying companies [2] Group 3 - In the current low-interest-rate environment, high-dividend assets are attractive due to the potential for steady cash dividends alongside gradual price appreciation, but caution is advised to avoid falling into the "high-dividend trap" [3]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 ● 每股分配比例 A股每股现金红利0.22元（含税） 本次利润分配方案经公司2025年5月16日的2024年年度股东大会审议通过。 二、分配方案 1.发放年度：2024年年度 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 重要内容提示： 3.分配方案： 本次利润分配以方案实施前的公司总股本2,194,681,695股为基数，每股派发现金红利0.22元（含税）， 共计派发现金红利482,829,972.90元。 三、相关日期 ■ 四、分配实施办法 1.实施办法 无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股权登记日上海证券交易所收 市后登记在册并在上海证券交易所各会员办理了指定交易的股东派发。已办理指定交易的投资者可于红 利发放日在其指定的证券营业部领取现金红利，未办理指定交易的股东红利暂由中国结算上海分公司保 管，待办理指定交易后再进行派发。 2. ...

While the early market panic in response to President Trump's proposed tariffs has apparently reversed course and been replaced by a remarkably resilient rally , I nevertheless remain uneasy about the near-to-medium term, especially with such importantThe Low-Budget Dividend Investor is your prototypical Generation X-er: an over-educated, under-funded middle-aged guy looking for ways to increase his income in a difficult economic environment. He favors the conservative, income-generating strategies more fre ...

最近，我第二次表达一下对银行板块的观察，看到的是进入加速的态势，银行股真有可能回归PB=1; 指望券商？这沉重的筹码套牢区如何消解？（下图），这量，这势，得扑腾多久才活得出头哦。 所以同样是金融，我最看好的还是银行，发轫于大熊市后期，将贯穿到本轮行情整体的终点。9.24以前 这么看，现在还是这么看。 长期走牛只有两只锚是可靠的，一只是实打实的业绩增速，一只是实打实的股息和现金流。 5分钟级别的回撤，到底会有多深，我不知道。但中期结构目前还不算牢固，窄幅横盘时间不够长。再 去看看个股，4.8日以后这波拉冒烟上来的，能涨的基本都没啥后劲了；没怎么涨的，造概念挖题材， 突然啪啪拉两个板，你是追有点怕，不追心里又痒痒。 有人说，固态电池会有宏大叙事行情，你且看今天涨幅榜上又换了一批，又是高换手突袭，如果行情很 大，这么着急干嘛呢？ 如果说，假如说，后面有大行情，像以前的轮回一样，走个1~2年的主升段，这些急吼吼的东西可堪大 任吗？ 开盘前说大家要冷静点，估计没几个人听得进去，这三连阳冲血上脑，加上整晚弹冠相庆，岂能善罢甘 休。 但是，收盘这个小阴钉一砸，很多股票就阴线盖帽或者拖出长上影线了，心里一下子有点凉飕飕的感 ...

红利低波ETF（512890）成立于2018年12月19日，该基金管理费率每年0.50%，托管费率每年0.10%。红 利低波ETF（512890）业绩比较基准为中证红利低波动指数收益率。红利低波ETF（512890）现任基金 经理为柳军。柳军自2018年12月19日管理（或拟管理）该基金，任职期内收益140.10%。对于偏好稳健 收益、低风险波动，或寻求债券替代资产的没有股票账户的投资者，可通过关注红利低波 ETF （512890）的联接基金（包括 A 类 007466、C 类 007467、I 类 022678、Y 类 022951）参与投资。 6月26日，红利低波（512890）收盘涨0.42%，最新价1.206元，成交额3.30亿元。流动性上看，20个交 易日资金净流入17亿，60个交易日资金净流入31.72亿元。截止6月25日，红利低波ETF（512890）最新 份额为158.73亿份，最新规模为190.56亿元。回顾2024年12月31日，红利低波ETF（512890）份额为 122.62亿份，规模为137.50亿元。即该基金今年以来份额增加29.45%，规模增加38.59%。 | 代码 7 | 简 ...

Group 1: Investment Strategy Insights - The "Stable 'Fixed Income+' product investment framework and market outlook" was presented by the manager of Ping An Tianrun Bond Fund, emphasizing that in the current complex market environment, such products can provide relatively stable returns through scientific asset allocation and flexible investment strategies [1] - With the economic growth slowing and inflation remaining low, monetary policy is expected to stay accommodative, leading bond market yields to enter the "1% era" [1] - The expected annual return for pure bond products is unlikely to reach 2%, making high-dividend equity assets, such as the CSI 300 dividend yield of 3.45% and the Hang Seng Central Enterprise dividend yield of 7.4%, key focus areas for equity allocation in "Fixed Income+" products [1] Group 2: Market Trends and Opportunities - As the risk-free interest rate declines, the overall cost-performance ratio of equity assets improves, with stable value or growth-oriented quality companies also presenting investment value [2] - Despite a temporary lack of mainline logic in the market, rational expectations allow for the active pursuit of structural opportunities, indicating that the equity market can still provide enhanced return opportunities for investors [2] - The convertible bond market is expected to follow the performance of underlying stocks in the first half of 2025, with small-cap stocks being a core catalyst for convertible bond strength [2]

市场观点认为，下半年银行板块内部结构性分化将进一步加剧，高股息防御与优质区域成长将成为两 大核心主线。 2025.06. 26 本文字数：2342，阅读时长大约4分钟 作者 | 第一财经 陈君君 A股银行板块延续年初以来的强势表现，6月25日申万银行指数（WI.801780）涨1.05%，工商银 行、农业银行等国有大行股价更是创下历史新高。 在低利率与资产荒的双重背景下，兼具高股息稀缺性与经营稳健性的银行股，正成为保险资金等长期 资本热捧的"避风港"，推动板块年内累计涨幅已超15%，领跑全市场。 板块涨幅全市场第一 其二，在资产荒的市场环境下，银行板块凭借稳定的收益特性，成为吸引增量资金的重要领域。一位 大型保险资管公司的权益投资人士指出，近期保险资金、社保基金等长期资本对银行股的配置兴趣显 著增加，尤其是对高股息、稳健经营的银行股青睐有加。在资产稀缺的背景下，这类资产的稳定收益 显得尤为珍贵。此外，随着公募基金考核规则的调整，从短期年度排名转向更注重三年期、五年期的 长期考核，公募基金也加大了对银行等低波动、高分红板块的配置力度。 谁在买银行股？ 在多股推动银行板块上涨的资金中，保险资金无疑是银行股最重要的 ...