Core Insights - The private equity fund market has seen significant dividend activity in 2025, with 1,038 products distributing a total of 14.085 billion yuan, averaging a dividend ratio of 27.59% [1][2] Dividend Distribution by Strategy - Stock strategy funds are the primary contributors to dividends, with 752 distributions, an average ratio of 31.80%, and a total of 10.735 billion yuan, accounting for 76.22% of total dividends [1][3] - Multi-asset strategy funds have distributed dividends 190 times, with an average ratio of 23.78% and a total of 1.267 billion yuan, representing 9.00% of total dividends [1][3] - Futures and derivatives strategies and bond strategies have similar total dividend amounts, with 155 and 140 distributions respectively, totaling 933 million yuan and 880 million yuan, accounting for 6.63% and 6.25% of total dividends [1][3] - Subjective private equity products have shown more active dividend distribution, with 848 distributions, an average ratio of 28.88%, and a total of 9.415 billion yuan, representing 66.84% of total dividends [3][5] - Quantitative private equity products, despite strong performance, have lower dividend activity, with 443 distributions, an average ratio of 25.24%, and a total of 4.670 billion yuan, accounting for 33.16% of total dividends [4][5] Performance of Large Private Equity Firms - Private equity firms with over 10 billion yuan in assets have been the main contributors to dividends, with 131 distributions, an average ratio of 34.62%, and a total of 4.999 billion yuan, representing 35.49% of total dividends [6][7] - Among these, the subjective private equity firm "Rizhou Investment" has the highest dividend activity, with 14 distributions totaling 2.812 billion yuan [6][9] Smaller Private Equity Firms - Smaller private equity firms (0-5 billion yuan) have also been active, with 667 distributions, although the average ratio is lower at 25.97%, totaling 2.918 billion yuan, which accounts for 20.72% of total dividends [8][9]

Group 1 - A total of 537 private equity securities products with performance displays have distributed dividends this year, with a total of 584 distributions [1] - The average return of these 537 dividend-paying private equity securities products is 10.34%, significantly higher than the average return of 7.87% for 4,596 private equity securities products with performance displays [1] - Stock strategy products are the main contributors to dividends, with 284 stock strategy products distributing dividends 298 times, accounting for 51.03% of total distributions [1] Group 2 - Among the dividend-paying stock strategy products, the average return is 12.86%, with 250 products achieving positive returns, representing 88.03% [1] - There are 93 futures and derivatives strategy products that have distributed dividends 100 times this year, making up 17.12% of total distributions [1] - Multi-asset strategy products have distributed dividends 94 times this year, accounting for 16.10% of total distributions, while bond strategy products have distributed dividends 72 times, representing 12.33% of total distributions [1] Group 3 - Subjective products have outperformed quantitative products in terms of dividends, with 339 subjective products distributing dividends 378 times, which is 64.73% of total distributions [2] - The average return of dividend-paying subjective products is 11.21%, with 299 products achieving positive returns, which is 88.20% [2] - There are 198 quantitative products that have distributed dividends 206 times, accounting for 35.27% of total distributions, with an average return of 8.86% [2]

Core Viewpoint - The article highlights the increasing trend of private equity funds in China announcing dividends, with a focus on the performance of the private fund managed by Sire Group, which has recently declared a dividend due to strong market performance and positive returns [1][2][4]. Group 1: Dividend Announcements - Sire Group's private fund, Hainan Sire Private Fund, announced a dividend distribution for its convertible bond product, with the distribution date set for July 2 [1][4]. - The decision to distribute dividends is attributed to the fund's impressive performance in the first half of the year, benefiting from a recovering stock market and structural opportunities [4]. Group 2: Industry Trends - There has been a notable increase in dividend distributions among private equity products this year, with 537 private securities products having distributed dividends by June 17, totaling 584 distributions [8]. - The majority of dividend distributions are linked to strong performance, with stock strategy products being the primary contributors, accounting for nearly half of the total distributions [8]. Group 3: Investor Impact - Dividends provide cash flow to investors, meeting their liquidity needs, and allow them to realize some profits, especially in the event of market downturns [9]. - The average return of the dividend-distributing private equity products stands at 10.34%, outperforming the overall average return of all private equity products this year [8].