文 | 银行螺丝钉 （转载请注明出处） 率先股。 最经典的红利指数，就是上证红利、中 证红利这样的基础红利指数,依靠股息 率选股。 近几年,红利指数也在不断进化。 股息率=分红/市值。 所以进化的方向,无非就是在分红或者 市值（股价）上下功夫。 目前市面上主要是三类: (1) 对盈利质量有要求 · 红利+龙头:做到行业龙头的公司,在 行业中竞争优势强,分红稳定。 · 红利+质量:挑选高ROE、又分红高的 公司。盈利能力强，分红稳定。 · 红利+成长:挑选盈利持续增长,有分 レーニームーリー · 红利+行业:例如消费红利,消费行业 相比其他行业盈利能力强，分红稳定。 · 红利+国企:央企国企在社会中竞争优 势强,分红稳定。 上面两个,归根结底,是希望挑选出盈 利稳定的公司。 分红是盈利的一部分,盈利稳定,分红 也会更稳定。 (3) 对市值波动有要求 · 红利+低波动:在收益相同的情况下, 波动小一些,投资者体验会提升。 引局的公司。 · 海外市场还有红利贵族指数: 要求挑选 分红连续10-20年增长的公司。这类红利 指数内地暂时还没出现。 (2) 对选股范围有要求 ▼点击阅读原 文，免费学习大额家庭资产配置课程 ...

Group 1 - The core viewpoint of the article emphasizes that LiuGong, established in 1958, has become a globally recognized equipment manufacturing enterprise and a pioneer in promoting the development of the national equipment manufacturing industry [2] - The company acknowledges that short-term market fluctuations are influenced by various complex factors such as market sentiment, sector rotation, and specific thematic trends, which do not fully reflect the company's intrinsic value, technological reserves, management level, and future growth potential [2] - LiuGong believes that the key to creating long-term value for shareholders lies in continuously enhancing product technological leadership, expanding profit scale and quality, optimizing asset structure, strengthening risk management, and ensuring stable and predictable returns [2]

Core Viewpoint - Lu Xi Chemical has demonstrated significant growth in both revenue and net profit over the years, with a notable increase in its core product segments, particularly in chemical new materials [2][4]. Revenue Structure - The main business of Lu Xi Chemical includes chemical fertilizers, basic chemicals, and fine chemicals, with chemical new materials accounting for the highest revenue share at 68.43%, followed by basic chemicals at 19.47% [2]. Profit Growth - The company achieved a net profit attributable to shareholders of 0.80 billion in its first year of listing in 1998, which grew to 20.29 billion by the latest complete fiscal year of 2024, marking a cumulative growth of 2434.85% over 27 years [2]. - Lu Xi Chemical has not reported a loss in any year since its listing, with 17 years of profit growth, representing 62.96% of the years [2]. Revenue Analysis - In terms of revenue, Lu Xi Chemical reported 175.92 billion in 2020, which increased to 297.63 billion in 2024, showing a fluctuating growth trend with a significant increase of 80.73% in 2021, followed by declines in 2022 and 2023, and a rebound of 17.37% in 2024 [2]. Profit Fluctuation - The net profit attributable to shareholders was 8.25 billion in 2020, rising to 20.29 billion in 2024, with notable volatility; it surged by 459.95% in 2021, then declined in 2022 and 2023, before a strong rebound of 147.79% in 2024 [2]. Market Capitalization - Since its listing, Lu Xi Chemical's market capitalization has increased by 8.50 times, indicating long-term growth potential [4]. - The peak market capitalization reached 491.50 billion on September 23, 2021, with the stock price rising to 25.81 yuan, but as of August 6, the market cap was 229.79 billion, reflecting a decrease of 261.71 billion, or 53.25% from its peak [4].