（文章来源：证券日报） 证券日报网讯 12月2日，中力股份在互动平台回答投资者提问时表示，二级市场的股价波动受宏观经济 环境、行业政策、市场情绪等多重复杂因素影响，敬请注意投资风险。公司一直致力于强化信息披露与 主动沟通，明确战略规划与优化投资者回报，用更好的业绩回报投资者信任。 ...

Core Viewpoint - The company emphasizes its commitment to investor returns through a consistent cash dividend policy over the past nine years, highlighting a total cash dividend of 901 million yuan in the last three years [2] Group 1: Dividend Policy - The company has implemented a stable dividend policy since 2016, maintaining cash dividends for nine consecutive years [2] - Cumulative cash dividends amount to 901 million yuan over the past three years [2] Group 2: Investor Communication - The company addresses investor inquiries on its interactive platform, indicating a focus on transparency and communication [2] - It notes that different third-party trading software may have varying calculations for financing amounts due to multiple rounds of mergers and acquisitions [2]

董秘回答(神州信息SZ000555)： 尊敬的投资者，您好！公司前三季度营收稳步增长，期间实现营业收入86.73 亿元，同比增长29.84%， 现金流随业务发展显著改善，公司资金储备较为充实，能够支撑公司各项业务有序开展。未来，公司将 持续保持稳健经营，更加重视投资者回报，加强投资者信心，树立良好资本市场形象。感谢您对公司的 关注！查看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 投资者提问： 董秘您好！公司最新财报显示经营性现金流净额同比大幅增长，请问现金流改善的核心原因是什么？目 前公司货币资金储备是否充足，能否支撑后续扩产、研发投入与潜在并购需求？公司是否有优化分红政 策的计划，未来分红比例能否进一步提升，以回馈广大投资者？健康的现金流状况与稳定的分红预期， 能否增强市场对公司发展的信心，推动公司估值向合理水平回归？ ...

证券日报网讯新国都（300130）11月18日在互动平台回答投资者提问时表示，公司自上市以来，累计开 展16次分红，近两年积极响应政策号召实施一年多次分红，切实践行了对投资者的回报。公司将继续努 力做好经营和管理，促进公司高质量发展，力争以良好的经营业绩来得到市场的认可，从而提升公司的 投资价值。公司也将继续加强与投资者的沟通，增强投资者对公司的了解，以获得广大投资者的认可。 ...

Core Viewpoint - The company,永利股份, is experiencing a decline in stock price despite stable operational performance and a positive revenue growth trend, indicating potential market challenges and investor sentiment issues [2]. Group 1: Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 1.775 billion yuan, representing a year-on-year growth of 8.66% [2]. - As of November 17, 2025, the stock price closed at 5.19 yuan, down 0.76%, with a trading volume of 173,700 shares and a turnover of 89.6629 million yuan [1]. Group 2: Market Sentiment and Investor Relations - The stock price is influenced by multiple factors including overall market performance, macro policies, industry cycles, capital market environment, and investor sentiment [2]. - The company management remains optimistic about future development and is committed to enhancing operational management and deepening core business to achieve stable growth and long-term value for shareholders [2]. - On November 17, there was a net inflow of 12.5832 million yuan from main funds, indicating significant accumulation activity, while retail investors showed a net outflow of 2.8047 million yuan [2].

Core Points - The company announced a profit distribution plan for the first three quarters of 2025 to enhance shareholder returns and respond to regulatory guidance [1][2] - The net profit attributable to shareholders for the first three quarters of 2025 was approximately 1.06 billion yuan, with the parent company achieving a net profit of about 618 million yuan [1] - The total distributable profit for the parent company as of September 30, 2025, was approximately 3.82 billion yuan, while the consolidated distributable profit was about 7.52 billion yuan [1] Profit Distribution Plan - The profit distribution plan involves a cash dividend of 3.00 yuan per 10 shares, amounting to a total cash dividend of approximately 358.48 million yuan [2] - The distribution will not include capital reserve transfers to increase share capital or stock dividends, with remaining undistributed profits reserved for future distribution [2] - The company emphasized its stable profitability and ample cash flow, stating that the profit distribution plan will enhance investor returns and maintain the stability and sustainability of its dividend policy [2]

Group 1 - The company emphasizes its commitment to investor returns and has maintained a cash dividend policy since its listing, with a total dividend amount of 48.4984 million yuan, accounting for 40.65% of the net profit during the same period [1] - In the future, the company plans to develop a reasonable profit distribution plan based on actual operating conditions, industry development stages, and funding needs to effectively protect shareholder rights [1]

Core Viewpoint - The company, Lifesun Pharmaceutical (002393), is focusing on balancing shareholder returns with business development, emphasizing the importance of sharing growth benefits with investors [2]. Group 1: Stock Performance - As of November 7, 2025, Lifesun Pharmaceutical's stock closed at 21.67 yuan, with a slight increase of 0.28% [1]. - The trading volume was 24,800 shares, resulting in a transaction amount of 53.79 million yuan [1]. Group 2: Investor Relations - An investor expressed concerns regarding the company's dividend policy, suggesting that the company should distribute more dividends to attract long-term investors like social security funds and insurance capital [2]. - The company’s secretary acknowledged the investor's feedback, stating that the current dividend policy aims to balance business growth and shareholder returns, taking into account industry characteristics, profitability, and cash flow [2]. Group 3: Market Sentiment - On November 7, there was a net outflow of 1.58 million yuan from institutional investors, while retail investors saw a net inflow of 2.78 million yuan, indicating a divergence in short-term trading sentiment [3]. - Retail investors experienced a net outflow of 1.20 million yuan on the same day [3].

Core Viewpoint - The active equity funds are undergoing a transformation from focusing on scale to controlling scale, emphasizing investor returns over sheer size [1][5][7] Group 1: Fund Size Control - Multiple funds have implemented measures to limit their scale, such as setting upper limits, restricting purchases, and closing fundraising early [2][3] - Notable funds managed by well-known managers have reached their fundraising caps within days, indicating a trend towards controlled growth [2][3] - As of November 7, 39 out of 43 newly established equity funds with sizes over 1 billion yuan had fundraising scales below 30 billion yuan [2] Group 2: Historical Lessons - The industry has learned from past experiences where large funds underperformed, with over 85% of funds with net values below 1 yuan established between 2020 and 2022 [5][6] - A significant number of large funds launched in 2020 have seen substantial declines in net value despite short-term gains, highlighting the risks of scale without performance [6][5] Group 3: Optimal Fund Size - The optimal size for active equity funds is suggested to be between 3 billion and 5 billion yuan, balancing operational stability and flexibility in trading [8][7] - Factors such as market liquidity and the number of investable assets are critical in determining the appropriate scale for a fund [7][8] - The industry is shifting towards a model where fund size is aligned with investment strategies, promoting a healthier ecosystem focused on performance rather than just scale [8][7]

Group 1 - The company emphasizes the importance of market value management and investor returns [2] - The company commits to timely information disclosure regarding significant information related to stock price fluctuations [2]