从资本运作与分红的协同来看，润泽科技上半年在盘活资产、优化融资结构的同时，仍构建起可持续 的股东回报体系。8月8日南方润泽科技数据中心REIT成功上市，募集资金45亿元，既盘活了京津冀 区域成熟数据中心的存量资产，又通过资产证券化优化了公司各项财务指标，为后续利润增长与分红 储备了空间。 2025年上半年，公司廊坊、平湖、佛山、惠州园区各新增交付1栋算力中心，合计新增交付算力中 心约220MW，交付规模处较高水平。截至报告期末，公司累计交付18栋算力中心，成熟的算力中心 上架率超过90%。此外，报告期内，公司能耗指标进一步增长，较2024年末增长约30%。 在资本市场对"高股息、稳回报"标的愈发青睐的背景下，润泽科技2025年半年报以持续稳定的分红 方案，凸显公司对股东回报的重视与长期经营的底气。报告显示，公司拟以实施权益分派股权登记日 的总股本扣除回购专用账户中已回购股份为基数，向全体股东每10股派发现金红利3.995元（含 税），预计分红总额达6.52亿元（含税）。 从分红能力的支撑来看，润泽科技上半年稳健的经营表现为分红方案提供了坚实基础。半年报数据显 示，公司实现营业收入24.96亿元，归属于上市公司 ...

Core Viewpoint - The company, Runze Technology, emphasizes shareholder returns through a stable dividend plan in its 2025 semi-annual report, reflecting its confidence in long-term operations and aligning with market preferences for high-dividend, stable-return stocks [1] Financial Performance - Runze Technology plans to distribute a cash dividend of 3.995 yuan (including tax) for every 10 shares, with a total expected payout of 652 million yuan (including tax) [1] - The company reported a revenue of 2.496 billion yuan and a net profit attributable to shareholders of 882 million yuan for the first half of 2025 [1] - Operating cash flow significantly improved, reaching a net cash flow from operating activities of 2.262 billion yuan, a year-on-year increase of 1501.56%, providing strong cash support for the dividend plan [1] Policy Alignment - The dividend plan aligns with recent regulatory guidance encouraging listed companies to enhance shareholder returns, as highlighted by the China Securities Regulatory Commission's chairman [1] - The joint announcement by seven ministries on August 5 supports profitable and dividend-paying tech enterprises, positioning Runze Technology favorably for future financing and resource acquisition [2] Capital Operations - Runze Technology successfully listed its Southern Runze Technology Data Center REIT on August 8, raising 4.5 billion yuan, which helps optimize financial metrics and reserves for future profit growth and dividends [2] - The company delivered four new computing power centers in various locations, totaling approximately 220 MW, with a high on-shelf rate of over 90% for mature centers [2] Energy and Infrastructure - The company has received approvals for new substations across its various parks, enhancing its power supply stability, which is crucial for long-term development [3] - The increase in energy consumption and power stability supports the company's growth in computing power delivery, further enhancing its long-term dividend capacity and investment value [3]