Group 1 - The core viewpoint of the news is that Tianshan Aluminum has successfully launched a green low-carbon upgrade project for its 1.4 million tons of electrolytic aluminum capacity, which is expected to increase annual production by 20% to 1.4 million tons and achieve industry-leading power consumption levels [1] - Since its listing, Tianshan Aluminum has established industrial bases in resource-rich areas, possessing a complete industrial chain from bauxite, alumina, prebaked anodes, power generation, electrolytic aluminum, high-purity aluminum, to deep processing of aluminum, showcasing strong cost competitiveness [1] - The company has been enhancing its shareholder return system through high dividends and share buybacks, with cumulative cash dividends amounting to 7.17 billion yuan since its listing [1] Group 2 - In the 2025 interim dividend plan, Tianshan Aluminum has committed to a cash dividend totaling no less than 50% of the net profit attributable to shareholders, an increase from the 41% proposed in 2024, positioning it as one of the highest dividend-paying companies in the A-share non-ferrous sector [2] - The company has completed multiple rounds of share buybacks, with a total of 23.7 million shares repurchased by September 30, 2025, representing 0.51% of the total share capital, and a total expenditure exceeding 200 million yuan [2] - The decision to cancel the repurchased shares is interpreted as a "quasi-dividend" operation, enhancing shareholder equity and demonstrating management's confidence in the company's intrinsic value and future development [3]

Core Viewpoint - A case in the A-share market highlights the integration of health benefits into shareholder rewards, showcasing the effectiveness of the company's technology in a real-life scenario [1] Group 1: Company Initiatives - BGI Genomics (华大基因) launched a shareholder reward program in February 2025, allowing shareholders who have held shares for over a year to receive a free health screening kit [1] - The company emphasizes the importance of health as part of its shareholder return system, enabling shareholders to experience the benefits of its technology firsthand [1] Group 2: Case Study - A 35-year-old shareholder participated in the annual shareholder reward activity and received a health screening, which led to the early detection of a tumor through a colonoscopy [1] - The shareholder had purchased BGI Genomics stock in July 2022 and underwent surgery in early July 2023, with a good recovery reported [1]

Core Viewpoint - Since 2025, A-share listed companies have increasingly engaged in physical rewards for shareholders, enhancing the "investment-consumption" cycle and optimizing the capital market ecosystem [1][5]. Group 1: Shareholder Reward Activities - As of May 27, 2023, 14 listed companies have launched shareholder welfare activities, providing products, discount coupons, and service rights to strengthen ties with investors [1][6]. - The normalization of physical rewards not only benefits shareholders but also reflects the optimization of the capital market ecosystem, driven by both policy and market forces [1][6]. Group 2: Case Study - Wufangzhai - Wufangzhai announced it would gift zongzi gift boxes to shareholders to promote traditional culture and gather feedback on company development [3][4]. - Shareholders holding 1,000 shares or more as of April 28, 2023, are eligible to receive the gift [3]. - Wufangzhai, founded in 1921 and listed in 2022, aims to diversify its product range beyond zongzi, focusing on mooncakes and other food products [3][4]. Group 3: Market Trends - The trend of physical rewards is becoming more common among listed companies, supplementing cash dividends to enhance shareholder satisfaction [6][7]. - Companies like Quanjude and Changhong Meiling are also implementing similar reward mechanisms to allow shareholders to experience their products and services [6][7]. - Regulatory bodies encourage companies to respect and reward investors, promoting a culture of shared growth and returns [7].