自上市以来，工业富联持续通过回购、大手笔分红等多种方式，以真金白银回馈股东。 11月26日晚间，工业富联（601138）发布公告，宣布对回购股份方案进行调整，将回购股份价格上限由 不超过19.36元/股调整为不超过75元/股，调整幅度高达287%。截至目前，工业富联已斥资1.47亿元累计 回购769.74万股。11月26日，工业富联股价收于58.93元，涨幅4.10%。 工业富联表示，鉴于公司股票价格持续高于原回购价格上限，基于对公司未来持续稳定发展的信心和对 公司价值的认可，同时保障回购方案顺利实施，公司董事会决定调整价格上限。 在回购方面，过去三年工业富联累计斥资近17亿元回购，尤其是2024年7月首次推出2亿—3亿元的注销 式回购方案引发市场关注，投资者普遍认为注销式回购可使公司总股本减少，从而提高每股收益和股东 权益，使公司股价更具含金量。 在分红方面，工业富联2025年半年度现金分红方案议案日前获股东大会审议通过，合计拟派发现金红利 65.5亿元。截至目前，工业富联已完成现金分红7次，总现金分红565.4亿元，多年稳居A股电子行业分 红榜首位。 ...

工业富联表示，鉴于公司股票价格持续高于原回购价格上限，基于对公司未来持续稳定发展的信心和对 公司价值的认可，同时保障回购方案顺利实施，公司董事会决定调整价格上限。 11月26日晚间消息，工业富联发布公告，宣布对回购股份方案进行调整，将回购价格上限大幅提升至75 元/股，回购方案其他内容保持不变。截止目前，工业富联已斥资1.47亿元累计回购769.74万股。 责任编辑：何俊熹 自上市以来，工业富联持续通过回购、大手笔分红等多种方式，持续以真金白银回馈股东。 在回购方面，过去三年工业富联累计斥资近17亿元回购，尤其是2024年7月首次推出2-3亿元的注销式回 购方案引发市场关注，投资者普遍认为注销式回购可使公司总股本减少，从而提高每股收益和股东权 益，使公司股价更具含金量。 在分红方面，工业富联2025年半年度现金分红方案议案日前获股东大会审议通过，合计拟派发现金红利 65.5亿元。截至目前，公司已完成现金分红7次，总现金分红565.4亿元，多年稳居A股电子行业分红榜 首位。 ...

Core Viewpoint - The company emphasizes the importance of market capitalization management and investor communication to enhance its stock performance and shareholder value [1] Group 1: Market Performance and Management - The company's stock price is influenced by macroeconomic factors, national policies, and industry development [1] - The company is committed to improving information disclosure quality and strengthening communication with investors through various channels such as roadshows, reverse roadshows, brokerage strategy meetings, shareholder meetings, and online interactions [1] Group 2: Shareholder Returns - The company has conducted cash dividends 18 times since its listing, with a total dividend amount reaching 4.886 billion yuan [1] - Recently, the company initiated its first mid-term dividend to further enhance profit sharing with investors and convey confidence in its long-term development [1]

证券日报网讯王子新材（002735）11月21日在互动平台回答投资者提问时表示，公司始终本着对社会和 广大股东认真、负责的态度，持续努力提升公司经营业绩，上市以来通过现金分红的方式积极回报广大 投资者。未来公司将继续加强内控管理，强化风险控制，积极开拓国内外市场，推进公司高质量可持续 发展，进一步提高市场对公司内在价值的发现和认可，力争为投资者创造更大效益和回报。敬请投资者 注意投资风险。 ...

Core Insights - The president of the China Listed Companies Association emphasizes the need for multi-faceted efforts to enhance the quality of listed companies, focusing on governance, core business, resource allocation, shareholder returns, and risk management [1][4]. Governance and Compliance - Strengthening governance foundations and enhancing compliance effectiveness are crucial, with a shift from "formal compliance" to "substantive effectiveness" in corporate governance [4]. - The revised Corporate Governance Guidelines aim to create a governance structure that is comprehensive, efficient, and well-balanced [4]. Business Focus and Innovation - Companies should concentrate on upgrading their core businesses and identifying technological breakthroughs and new growth points, avoiding blind expansion [5]. - Innovation should drive business upgrades, with increased R&D investment to overcome key technological challenges [5]. Resource Allocation and M&A - Mergers and acquisitions (M&A) should align with overall corporate strategies and enhance core competitiveness, avoiding unnecessary acquisitions [6]. - Companies are encouraged to ensure accurate and complete information disclosure during M&A processes to comply with market regulations [6]. Shareholder Returns - There is a growing awareness of the importance of shareholder returns, with 741 companies establishing value management systems and implementing 259 dividend plans totaling approximately 135.29 billion yuan [3]. - The total cash dividends for A-share listed companies in 2024 are projected to reach 2.4 trillion yuan, marking a 9% increase from 2023 [3]. Risk Management - Companies are advised to establish a comprehensive risk prevention system, fostering a culture of risk awareness and enhancing internal controls [6].

回购增持是信心的体现。在《指引》落地一年间，326家上市公司进行回购，累计金额达489.36亿元， 较上年同期增长13.85%；216家上市公司重要股东及董监高合计增持657.36亿元，同比增幅高达 72.88%。 来源：环球网 过去一年，A股市值管理工作取得了显著进展。据不完全统计，目前已有1001家A股公司披露了市值管 理制度（包括估值提升计划），数量是今年初的5倍左右，较前两年仅10余家的零星情况呈现出爆发式 增长。 在这千余家公司中，已有619家实施了并购重组（包括完成、预案等进展），占比高达61.84%；回购增 持与现金分红的现象也"蔚然成风"，实施数量与金额均同比显著增长；信息披露与投资者关系管理同步 升级，ESG报告与业绩说明会在数量和质量上都有提升。 市场是最客观的评判者。自发布市值管理制度以来，这批上市公司股价平均涨幅达20.63%，较同期沪 深300指数高5.9个百分点。有分析人士表示，《指引》明确了市值管理应基于提升上市公司质量与投资 者回报，而非短期股价操纵，有效遏制了部分伪市值管理行为。上市公司对市值管理的理解从"管股 价"向"管价值"转变，合规意识显著增强。 在多元工具运用方面，上 ...

证券日报网讯美盈森（002303）11月14日发布公告，在公司回答调研者提问时表示，现金分红是监管机 构要求和鼓励支持的，同时也是回报股东非常重要的方式。未来，公司会继续重视分红，但分红金额和 分红比例需要根据经营情况、资金情况和资本性开支等综合确定。 ...

Core Viewpoint - Northeast Securities emphasizes its commitment to stable and high-quality development while ensuring reasonable investment returns for investors through a scientifically formulated profit distribution policy [1] Summary by Relevant Sections Investment Returns - The company strictly adheres to its Articles of Association and the 2024-2026 shareholder return plan, taking into account its development status, industry trends, operational model, and any significant investment plans [1] Profit Distribution Policy - Since 2025, the company has implemented cash dividends three times, distributing a total of 281 million yuan in January and May 2025, which accounted for 32.15% of the net profit attributable to the parent company for 2024 [1] - In November 2025, the company completed the mid-year profit distribution plan for 2025, distributing a total of 234 million yuan, representing 21.94% of the net profit attributable to the parent company for the first nine months of 2025 [1]

Core Insights - The Hong Kong stock market's dividend-themed assets are gaining attention as a defensive investment amid year-end market volatility, with a total scale of 701 billion HKD for 26 dividend-themed ETFs as of November 25, 2025, reflecting a growth of 7 billion HKD in just 7 trading days in November [1] - The Hong Kong Stock Connect Dividend ETF (513530) has seen continuous net inflows for 10 consecutive trading days, reaching a new high of 2.496 billion HKD, indicating increased market interest in Hong Kong dividend assets [1] - The number of Hong Kong-listed companies declaring dividends reached 713 in the first half of 2025, with a total dividend payout of 81.27 billion HKD, marking a year-on-year increase of 31.35% [1] Summary by Category Market Performance - The Hong Kong Stock Connect High Dividend (CNY) Index has a one-year dividend yield of 5.50%, significantly higher than the 1.81% yield of 10-year government bonds, showcasing its attractiveness compared to other indices [2] - The total return index for the Hong Kong Stock Connect High Dividend (CNY) has increased by 31.68% over the past year, outperforming several mainstream dividend indices [2] Fund Details - The Hong Kong Stock Connect Dividend ETF (513530) is the first ETF in the A-share market that can invest in the China Securities Index Hong Kong Stock Connect High Dividend Investment Index through the QDII model, potentially reducing dividend tax costs for long-term holders [2] - The fund manager, Huatai-PB Fund, has over 18 years of experience in index investment and has developed a comprehensive range of dividend-themed ETFs, with a total management scale of 47.315 billion HKD as of November 11, 2025 [3] Historical Performance - The performance of the Hong Kong Stock Connect Dividend ETF since its establishment in April 2022 shows returns of 3.59%, 7.14%, 30.16%, and 12.94% for the years 2022 to the first half of 2025, respectively, compared to its benchmark index [3]

Group 1: Investor Relations and Dividend Policy - The company plans to implement a mid-year cash dividend in 2025 to enhance shareholder returns and boost investor confidence [2][3] - Future cash dividend levels will be determined based on performance and financial planning [2][3] Group 2: Overseas Business Development - The company's overseas operations are primarily focused in Southeast Asia, including Thailand, Vietnam, Malaysia, and Indonesia [4] - Capacity planning will be adjusted based on order conditions and market demand [4] Group 3: Competitive Advantages - The company leverages clear capacity demands from clients to avoid blind expansion in overseas markets [5] - Group-level support services are provided to meet global collaboration needs, enhancing efficiency and cost control compared to local competitors [5] Group 4: Order Status and Client Distribution - The company has established a stable customer base in the corrugated packaging industry, with good order conditions and orderly production [6] - Client distribution: Home appliances (22%), Beer (15%), Dairy (14%), Food (11%), Daily chemicals (4%), E-commerce logistics (4%), Others (30%) [7] Group 5: Customer Expansion and Employee Incentives - The company adopts a diverse customer development strategy, enhancing product value and customer loyalty to attract a wide range of clients [8] - The company values employee contributions and is committed to establishing effective incentive mechanisms, with future plans to disclose relevant information as required [8]