Core Viewpoint - Dividend-themed funds are becoming a core asset for risk-averse investors due to their stable cash flow returns and defensive attributes [1] Fund Performance and Growth - Multiple dividend-themed ETFs have reached record high shares, with significant growth in their issuance [2] - As of June 17, the E Fund CSI Dividend Low Volatility ETF reached 1.576 billion shares, an 85% increase since the beginning of the year; the Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF rose to 6.564 billion shares, a 75% increase; and the Bosera CSI Dividend Low Volatility 100 ETF surpassed 0.945 billion shares, a 74% increase [2] - Overall, the scale of dividend-themed funds has rapidly expanded, with 217 funds showing a 12% growth to 273.941 billion yuan since the beginning of the year [2] - The net inflow for these funds reached 13.778 billion yuan as of June 17, indicating strong investor interest in "low valuation + high dividend" strategies [2] Early Fund Closures - Several dividend low volatility ETFs have closed their fundraising early, reflecting strong demand and investor confidence in their strategies [3] - The early closure of the Great Wall Fund's dividend low volatility ETF, which ended its fundraising on May 30 instead of June 30, highlights this trend [3] - This early closure suggests a structural shift in market risk appetite, with funds moving from a cautious stance to active allocation [3] Increased Dividend Distribution - Fund companies are adjusting their dividend distribution rules to enhance attractiveness, allowing for more frequent distributions [4] - For instance, the Huatai-PineBridge SSE Dividend ETF and Yongying Dividend Selection Mixed Fund have updated their contracts to allow for monthly dividend assessments [4] - This strategy aims to meet investor demand for stable returns and reduce net asset value volatility, attracting long-term capital [4] Institutional Preference - Dividend assets are increasingly viewed as important core holdings for institutions and long-term investors due to their stable cash flow and defensive characteristics [5] - High dividend stocks can provide a "quasi-fixed income" yield of 3% to 5%, appealing to long-term capital needs [6] - Traditional high-dividend sectors such as banking, electricity, and coal are favored for their strong cash flow and valuation safety margins, making them attractive to risk-averse funds [6]

Core Insights - The private equity securities products have distributed a significant number of dividends in 2023, with 537 products showing performance and a total of 584 dividend distributions as of June 17 [1][2] - The average return of these dividend-distributing products stands at 10.34%, outperforming the overall average return of 7.87% for 4,596 private equity securities products with performance displays [1] Group 1: Performance and Distribution - Among the dividend-distributing products, stock strategy products are the primary contributors, with 284 products distributing dividends 298 times, accounting for 51.03% of total distributions [1] - The average return for stock strategy products is 12.86%, with 88.03% of these products achieving positive returns [1] - In the futures and derivatives strategy category, 93 products have distributed dividends 100 times, representing 17.12% of total distributions, with an average return of 7.21% and 88.17% of products showing positive returns [1] Group 2: Other Strategies and Institutional Insights - Multi-asset strategy products have distributed dividends 94 times from 84 products, making up 16.10% of total distributions, with an average return of 9.13% and 91.67% achieving positive returns [2] - Bond strategy products have seen 72 dividend distributions from 59 products, accounting for 12.33% of total distributions, with all products achieving positive returns and an average return of 6.08% [2] - A total of 336 private equity institutions have products that have shown performance and distributed dividends, with 108 institutions having at least two products that distributed dividends [2]

Core Viewpoint - The A-share market is witnessing an increase in mid-term dividend plans from various companies, reflecting improved operational conditions and a commitment to returning value to shareholders [2][4][6]. Company Dividend Plans - Companies such as Zhangjiang Hi-Tech, High-tech Development, and Upwind New Materials have announced plans to increase mid-term cash dividends in 2025, indicating a trend towards more frequent and higher dividend payouts [2][5]. - Over 200 listed companies have released announcements regarding their mid-term dividend plans for 2025, including conditions and maximum amounts for dividends [2][4]. Regulatory Environment - The new "National Nine Articles" policy emphasizes the importance of cash dividends and aims to enhance the stability and predictability of dividend payouts, encouraging companies to adopt more frequent dividend distributions [3][4]. - The China Securities Regulatory Commission has revised guidelines to increase the weight of cash dividends in company evaluations, promoting a culture of regular cash returns to investors [3][6]. Market Trends - In 2024, 985 listed companies in the Shanghai and Shenzhen markets announced mid-term dividends totaling 699.47 billion yuan, marking significant increases in both the number of companies and the total dividend amount compared to 2023 [4]. - The dividend yield for the CSI 300 index reached a historic high of 3.59%, indicating a growing trend of companies prioritizing shareholder returns [4]. High Dividend Companies - A total of 11 companies have announced cash dividends exceeding 10 billion yuan, with notable examples including Midea Group and CATL, which have substantial dividend payouts relative to their net profits [7][8]. - Companies maintaining high dividend rates, such as Oriental Yuhong and others with over 200% payout ratios, are increasingly viewed as attractive investment opportunities [8][9]. Investment Implications - Analysts suggest that companies with a consistent history of high dividends and returns are becoming more appealing to investors, reflecting a shift in focus from growth to quality and shareholder value [9].

Group 1 - The company has announced its 2024 dividend distribution plan, which has been approved by the shareholders' meeting [1] - The dividend distribution is based on a total share capital of 2.502 billion shares, excluding 15.2426 million repurchased A-shares, resulting in a base of 2.486 billion shares [1] - The cash dividend is set at 7.4 yuan per 10 shares (including tax), with a total cash dividend amounting to 1.84 billion yuan, of which 1.707 billion yuan is allocated for A-shares [1] Group 2 - The A-share equity registration date is June 24, 2025, and the ex-dividend date is June 25, 2025 [1] - The last trading day for B-shares is also June 24, 2025, with the ex-dividend date on June 25, 2025, and the equity registration date on June 27, 2025 [1]

广东领益智造股份有限公司 分红管理制度 （2025 年 6 月） 第一章 总 则 第一条 为进一步规范广东领益智造股份有限公司（以下简称"公司"）分红管理行为， 推动公司建立科学、持续、稳定的利润分配机制，保护中小投资者合法权益，根据《中华人 民共和国公司法》 《中华人民共和国证券法》 《关于进一步落实上市公司现金分红有关事项的 广东领益智造股份有限公司 通知》 （证监发201237 号）《上市公司监管指引第 3 号——上市公司现金分红》 《深圳证券 交易所股票上市规则》等有关法律、法规、规范性文件和《广东领益智造股份有限公司章程》 （以下简称"《公司章程》"）的规定，结合公司实际情况，特制定本制度。 第二章 分红政策 第二条 根据有关法律、法规和《公司章程》，公司缴纳所得税后的利润按下列顺序分配： （一）公司分配当年税后利润时，应当提取利润的 10%列入公司法定公积金。公司法定 公积金累计额为公司注册资本的 50%以上的，可以不再提取。 公司的法定公积金不足以弥补以前年度亏损的，在依照前款规定提取法定公积金之前， 应当先用当年利润弥补亏损。 （二）公司从税后利润中提取法定公积金后，经股东会决议，还可以从税后 ...

北京市天元律师事务所 关于快克智能装备股份有限公司差异化分红事项 的法律意见 京天股字（2025）第 358 号 致：快克智能装备股份有限公司 北京市天元律师事务所（以下简称"本所"）接受快克智能装备股份有限公司 （以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股 份回购规则》 （以下简称"《股份回购规则》"）、 《上海证券交易所上市公司自律监管 指引第 7 号——回购股份》 （以下简称"《股份回购指引》"）等法律、法规、规章和 其他规范性文件以及《快克智能装备股份有限公司章程》的规定，就公司 2024 年 度利润分配所涉及的差异化分红特殊除权除息处理（以下简称"本次差异化分红"） 相关事项出具本法律意见。 为出具本法律意见，本所及本所律师审查了公司提供的本次差异化分红的相 关文件，就有关事项向公司进行了必要的询问。本所律师依据本法律意见出具日以 前已经发生或存在的事实并基于对现行法律、法规和规范性文件的理解发表法律意 见。 本法律意见仅就本次差异化分红所涉及到的法律问题发表法律意见，并不对 有关会计、审计等专 ...

证券代码：688519 证券简称：南亚新材 公告编号：2025-027 南亚新材料科技股份有限公司 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： ? 是否涉及差异化分红送转：是 ? 每股分配比例 每股现金红利0.10元 ? 相关日期 股权登记日 除权（息）日 现金红利发放日 一、 通过分配方案的股东大会届次和日期 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 （公司回购专用证券账户除外）。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所 上市公司自律监管指引第 7 号——回购股份》等相关法律法规、规范性文件的规 定，公司回购专用证券账户中的股份不享有股东大会表决权、利润分配、公积金 转增股本、认购新股和可转换公司债券等权利，不得质押和出借。 （1）差异化分红方案 年度利润分配方案>的议案》（以下简称"《利润分配方案》"），拟以实施权益分派 股权登记日的总股本扣减公司回购专用证券账户中的股份为 ...

Core Viewpoint - The company, Xiantan Co., has demonstrated strong sales growth in chicken products and is actively expanding its pre-prepared food segment, supported by a comprehensive integrated supply chain and a commitment to sustainable development [2][4][5]. Sales Performance - In May 2025, the company reported chicken product sales revenue of 468.73 million yuan, with a year-on-year increase of 14.22% and a month-on-month increase of 4.93% [2]. - The sales revenue from pre-prepared food in May 2025 reached 46.09 million yuan, showing a significant year-on-year growth of 52.26% [4]. Integrated Supply Chain Advantages - The company operates an integrated business model covering all aspects from feed production to chicken processing, which enhances operational efficiency and reduces market volatility impacts [3]. - This integration allows for better quality control and food safety traceability, contributing to the company's competitive edge [3]. Future Capacity and Production - The company has completed the first phase of its project in Zhucheng, with 27 chicken farms in operation and plans for 12 more to be completed this year [6]. - By 2024, the projected output of broiler chickens from the Zhucheng project is 54.73 million, with a slaughter capacity of 250-270 million chickens and a processing capacity of 700,000 tons [6]. Cash Dividend Policy - The company completed a cash dividend distribution of approximately 215.13 million yuan for the 2024 fiscal year, representing 104.36% of the net profit attributable to shareholders [5]. - Since its listing in 2015, the company has distributed a total of 1.15 billion yuan in cash dividends, emphasizing a stable and continuous dividend policy [5]. R&D and Market Strategy - The company is focusing on developing diverse pre-prepared food products that cater to consumer demands for convenience and health, with plans to enhance product packaging and expand market presence [7][8]. - Collaborations with well-known restaurant brands and retailers are part of the strategy to increase brand influence and market share in the pre-prepared food sector [8]. Financial Performance - In Q1 2025, the company reported a main revenue of 1.11 billion yuan, a year-on-year increase of 2.81%, and a net profit of 48.02 million yuan, up 583.83% year-on-year [8]. - The company maintains a debt ratio of 38.81% and has shown significant growth in net profit and cash flow [8].

Core Points - The company has approved a differentiated cash dividend distribution plan at the 2024 annual shareholders' meeting held on May 13, 2025 [1][2] - The cash dividend is set at RMB 0.10 per share (before tax) [1][4] - The total number of shares eligible for the dividend distribution is 118,961,240 shares after excluding 2,180,997 shares held in the company's repurchase account [2][3] - The total cash dividend amount to be distributed is RMB 11,896,124.00 (before tax) [2][3] Dividend Distribution Details - The cash dividend distribution will not involve capital reserve conversion to share capital or stock dividends [2][3] - The ex-dividend date, record date, and payment date are specified but not detailed in the provided text [3] - The reference price for ex-dividend trading will be adjusted based on the cash dividend amount [2][3] Tax Implications - Individual shareholders holding shares for more than one year will be exempt from personal income tax on the dividend [4][5] - For shares held for less than one year, the company will not withhold personal income tax at the time of distribution, but tax will be calculated upon the sale of shares [4][5] - For Qualified Foreign Institutional Investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of RMB 0.09 per share [5][6]

6月13日，由证券时报主办的第十六届中国上市公司投资者关系管理天马奖获奖名单隆重揭晓！陕鼓动力在本届评选中荣获 投资者关系管理股东回报奖。公司是国内透平风机龙头， 公司主要设备产品为高端透平压缩机，技术壁垒高，价值量大， 下游以大型流程工业为主。 从公司回复投资者咨询角度看，今年以来，公司在上证e互动平台累计回答投资者20个问题，回复率为68.9%；2024年累计 回答问题46个，回复率为73%，整体回复率均较高。 从分红率（分红额/净利润）来看，上市这15年间，陕鼓动力整体分红率为68.88%，2016年和2017年的分红率甚至超过 100%，其他年份分红率在60%左右。股息率方面，以6月16日收盘价和2024年分红额计算，公司的最新股息率为5.09%，如 果以2024年末股价计算，股息率达到5.17%。 在参加地方上市公司协会举办的投资者集体接待活动上，陕鼓动力已累计参加5届"陕西辖区上市公司投资者集体接待日"活 动。同时，从2020年开始，公司几乎在每个定期报告发布后，均举办业绩说明会，用面对面的方式与投资者沟通交流。 陕鼓动力能常年保持高分红，主要得益于优秀的经营业绩。从历史看，陕鼓动力上市以来，每年 ...