Core Insights - The Shenzhen Stock Exchange has seen a significant increase in mid-term dividends, with 507 companies declaring or implementing dividends by the end of October 2025, totaling 129.11 billion yuan [1] - The trend of multiple dividends per year is becoming the norm as companies recognize the importance of returning value to investors [1] Group 1: Dividend Performance - Nearly 40% of companies distributing mid-term dividends have a payout ratio exceeding 30%, with 98 companies having a payout ratio above 50% [2] - The consumer sector is the leading contributor to dividends, with the pharmaceutical, food and beverage, and home appliance industries each exceeding 10 billion yuan in total dividends [2] - Major companies like Wuliangye (100.07 billion yuan), Gree Electric (55.85 billion yuan), and Midea Group (37.98 billion yuan) are significant players in the dividend distribution [2] Group 2: Notable Dividend Cases - Lixun Precision (11.65 billion yuan) and Lens Technology (4.98 billion yuan) have announced substantial cash dividends, reflecting a commitment to shareholder returns [3] - Gree Electric's mid-term profit distribution plan includes a cash dividend of 10 yuan per 10 shares, totaling 55.85 billion yuan, showcasing its long-standing high dividend policy [4] - Dong'e Ejiao's near-full payout of 99.94% of its net profit for the first half of 2025, with a total cash dividend of 8.17 billion yuan, has garnered market attention [4] Group 3: Market Implications - The substantial growth in mid-term dividends indicates a steady improvement in corporate profitability and a growing awareness among listed companies regarding shareholder returns [4] - The trend of multiple dividends per year is expected to enhance the investment value of the capital market, contributing to its long-term healthy development [4]