| 代码 | 简称 | 每10股送转 | 每10股派现 | 派现金额（万 | 派现占净利润比例 | 股息率 | | --- | --- | --- | --- | --- | --- | --- | | | | （股） | （元） | 元） | （%） | （%） | | 600754 | 锦江酒 店 | 0.00 | 3.8 | 40586.98 | 44.55 | 1.40 | | 600258 | 首旅酒 店 | 0.00 | 3.6 | 40197.71 | 49.85 | 2.52 | | 002033 | 丽江股 份 | 0.00 | 3.5 | 19232.17 | 91.20 | 3.76 | | 600826 | 兰生股 份 | 0.00 | 2.2 | 15932.04 | 51.92 | 2.51 | | 605098 | 行动教 育 | 0.00 | 7.5 | 8943.83 | 33.30 | 1.96 | | | 广电计 | | | | | | | 002967 | 量 | 0.00 | 1.5 | 8405.82 | 23.87 | 1.02 | | 603199 | 九华旅 ...

4月14日行动教育发布2024年度分配预案，拟10派7.5元（含税），预计派现金额合计为8943.83万元。派 现额占净利润比例为33.30%，这是公司上市以来，累计第8次派现。 公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2024.12.31 | 10派7.5元（含税） | 0.89 | 1.96 | | 2024.09.30 | 10派5元（含税） | 0.60 | 1.27 | | 2024.06.30 | 10派10元（含税） | 1.18 | 2.21 | | 2023.12.31 | 10派10元（含税） | 1.18 | 2.62 | | 2023.06.30 | 10派8元（含税） | 0.94 | 2.18 | | 2022.12.31 | 10派20元（含税） | 2.36 | 6.25 | | 2021.12.31 | 10转增4派15元（含税） | 1.27 | 3.15 | | 2021.06.30 | 10派7元（含税） | 0.59 | 1.54 | 证券时报·数据宝 ...

2025 年 04 月 14 日 投资策略 估值与盈利周观察——4 月第 2 期：估值普跌 ◼ 上证综合指数走势（近三年） (20%) (12%) (4%) 4% 12% 20% 24/4/15 24/6/26 24/9/6 24/11/17 25/1/28 25/4/10 证券分析师：张冬冬 E-MAIL：zhangdd@tpyzq.com 分析师登记编号：S1190522040001 证券分析师：吴步升 E-MAIL：wubs@tpyzq.com 分析师登记编号：S1190524110002 指数 PEG & PB-ROE: 红利 PEG 值最小，科创 50 风格 PB-ROE 值最小。 大类行业估值：原材料、设备制造、工业服务、交通运输、消费、科 技历史估值皆处于 50%以下，金融地产估值高于 50%历史分位。 一级行业估值：各行业估值分化，非银金融、煤炭、石油石化、有色 金属、公用事业、交通运输、农林牧渔估值处于近一年低位。 热门概念：华为鸿蒙、机器人、中字头央企等概念处于估值三年历史 较高分位。 盈利预期：各行业盈利预期普遍小幅下调，钢铁上调幅度最大；房地 产下调幅度最大. 市场估值普跌，消费、稳定 ...

Group 1 - The SME Development Index for Q1 2025 is 89.5, an increase of 0.5 points from Q4 2024 [2] - The percentage of fully operational enterprises reached 50.4%, up 11.0 percentage points from the previous quarter [2] - The comprehensive operation index and market index rose by 1.1 and 0.7 points respectively compared to the previous quarter [2] Group 2 - The macroeconomic sentiment index increased by 0.5 points to 99.0, indicating improved business expectations [2] - The regional indices for SMEs in the eastern, central, western, and northeastern regions rose to 89.7, 89.9, 87.9, and 81.0 respectively [2] Group 3 - The market index for Q1 is 81.5, reflecting a 0.7 point increase, with five out of eight surveyed industries showing an upward trend [3] - Significant increases in market indices were noted in the information transmission software, social services, wholesale and retail, and transportation industries [3] Group 4 - The funding index improved to 100.8, up 0.2 points from the previous quarter, indicating better funding conditions [4] - The labor index rose to 106.0, reflecting a 0.3 point increase, with a notable rise in labor demand [4] Group 5 - There is an improvement in corporate investment willingness, with a slight decrease in costs and a significant improvement in corporate profitability [5] - The overall business conditions for SMEs are recovering rapidly, supported by holiday consumption and proactive measures taken by various regions [5]

公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2024.12.31 | 10派5元（含税） | 0.52 | 2.68 | | 2024.09.30 | 10派1.5元（含税） | 0.16 | 0.81 | | 2024.06.30 | 10派3.5元（含税） | 0.36 | 1.80 | | 2023.12.31 | 10转增3派3元（含税） | 0.24 | 1.09 | | 2022.12.31 | 10派5元（含税） | 0.40 | 1.85 | | 2021.12.31 | 10派5元（含税） | 0.40 | 1.48 | | 2020.12.31 | 10派6元（含税） | 0.48 | 1.50 | 证券时报·数据宝统计显示，公司今日公布了2024年报，共实现营业收入2.21亿元，同比增长15.99%， 实现净利润8555.54万元，同比增长45.52%，基本每股收益为0.82元，加权平均净资产收益率为7.89%。 资金面上看，该股今日主力资金净流入70.49万元，近5日主力资 ...

本文作者：刘晨明/郑恺/李如娟 报告摘要 八大要点看25年3月主要变化 【广发策 略】25年2月重要报告 《4月A股的风格特点和一季报业绩前瞻》 2025.3.30 《稳定类资产如何进行逆周期配置？》2025.3.25 《六条线路42家公司调研反馈：市值管理和节后开工》 2025.3.25 《低利率时代，从红利策略到景气投资》2025.3.24 《如何看市场调整？深海科技会是下一个低空经济吗？》 2025.3.23 《如何看待港股抬估值行情后续》 2025.3.16 《如何看待当前市场风格：风格裂口弥合的两种模式》 2025.3.16 《"东升西落"不只是宏观叙事》 2025.3.9 二、中国经济基本面：供需均有回暖但修复基础不牢 经济数据主要关注： 《过去15年港股相对美股的独立行情》 2025.3.9 《如何看待AH和美股科技回调》 2025.3.2 风险提示： 地缘政治冲突超预期使得全球通胀上行压力超预期；海外通胀及美国经济韧性使得全球流动性缓和（美联储降息时点、美债利率下行幅度）低于预期； 国内稳增长政策力度不及预期，使得经济复苏乏力及市场风险偏好下挫等，对中国出口端形成冲击等。 报告正文 未特别注明 ...

Investment Rating - The report maintains a "Recommendation" rating for the industry [5] Core Insights - The industry has entered the annual report performance disclosure period, with a focus on companies showing strong fundamentals and marginal improvements [2] - Notable performances include: - Shangmei Co. achieved revenue of 6.793 billion yuan, a year-on-year increase of 62.1%, and a net profit of 803 million yuan, up 74% [2] - Aimeike reported revenue of 3.026 billion yuan, a 5.45% increase, and a net profit of 1.958 billion yuan, up 5.33% [2] - Mingchuang Youpin Group's revenue reached 17 billion yuan, a 22.8% increase, with overseas revenue growing by 42% to 6.68 billion yuan [2] - Huazhu Group's Q4 revenue was 6.023 billion yuan, a 7.8% increase, with plans to open 2,300 hotels in 2025 [2] Market Performance - For the week of March 17-21, 2025, the performance of the retail and beauty care sectors was as follows: - Shenwan retail sector down 4.03%, social services down 1.18%, and beauty care down 4.06% [11] - The overall market indices also declined, with the Shanghai Composite Index down 1.60% and the Shenzhen Component Index down 2.65% [11][14] - Sub-sectors such as professional chains, trade, and personal care products experienced significant declines, with drops of 7.86%, 4.78%, and 4.55% respectively [13] Key Events and Announcements - The report highlights several key events: - Chaohongji successfully held a spring new product ordering meeting, showcasing various new series that attracted strong interest from franchisees [23] - Betaini invested in the body care brand "Yujian," acquiring a 15.79% stake [22] - Yonghui Supermarket announced plans to close 250-350 stores as part of its reform strategy [22]

大消费 [Table_ReportDate] 2025 年 3 月 17 日 [T分析师able_A：uthor 罗鹏 ] 执业证书号：S1030523040001 电话：0755-23602217 邮箱：luopeng@csco.com.cn 研究助理：赵靖 电话：0755-23602217 邮箱：zhaojing2@csco.com.cn 公司具备证券投资咨询业务资格 证券研究报告 呼和浩特育儿补贴政策率先落地 [Table_ReportType] 大消费行业周报（3 月第 2 周） [Table_Summary] 行业观点： 风险提示：行业复苏及出生率不及预期、宏观经济增长放缓等风 险。 请务必阅读文后重要声明及免责条款 [Table_Industry] [Table_Title] [Table_Report] [Table_BaseData] 图表目录 | Figure 1 | 申万一级行业周度涨跌幅 | 3 | | --- | --- | --- | | Figure 2 | 消费二级子行业周度涨跌幅 | 3 | | Figure 3 | 消费各行业周度涨幅前五个股 | 4 | | Figure 4 ...

Group 1: Market Overview - The A-share market experienced fluctuations with the North Securities 50 index down by 3.07% and the Sci-Tech 50 index down by 2.11%, while over 3,800 stocks declined, leading to a slight decrease in trading volume to 1.65 trillion yuan [1] - The coal, medical beauty, and electricity sectors showed relative strength, while humanoid robots, broadcasting, storage chips, and wireless earphones faced significant declines [1] - ST stocks continued to perform strongly, with *ST Xintong achieving a new high since January 2018, recording 31涨停 in 35 trading days [1] Group 2: Sector Performance - The coal industry saw a net inflow of over 3.3 billion yuan from major funds, while the banking and public utilities sectors each received over 2 billion yuan [1] - The power sector maintained strong performance, with the index rising for three consecutive days and trading volume exceeding 28.2 billion yuan, marking a new high for the year [2] - The artificial intelligence data center is expected to drive significant growth in electricity demand, with projections indicating that by 2026, global data center electricity consumption will reach between 620 billion and 1.05 trillion kilowatt-hours [2] Group 3: Company-Specific News - Qi Ming Medical, which had been suspended for over 15 months, saw its stock plummet by 66.37% upon resuming trading due to unauthorized fund transfers by former executives [3] - Qi Ming Medical acknowledged the challenges posed by the suspension and has undertaken a systematic restructuring of its organizational framework to enhance governance and internal controls [3] - The company has established a management committee to improve internal supervision and ensure timely market disclosures regarding significant matters [3]

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 融资融券 截至3月10日，市场最新融资余额为19089.71亿元，较上个交易日环比增加97.13亿元，分行业统计，申 万所属一级行业有27个行业融资余额增加，电子行业融资余额增加最多，较上一日增加21.61亿元；融 资余额增加居前的行业还有机械设备、有色金属、电力设备等，融资余额分别增加14.86亿元、10.63亿 元、10.50亿元；融资余额减少的行业有4个，通信、计算机、公用事业等行业融资余额减少较多，分别 减少1.69亿元、1.23亿元、5202.32万元。 以幅度进行统计，社会服务行业融资余额增幅最高，最新融资余额为90.32亿元，环比增长1.68%，其次 是机械设备、有色金属、银行行业，环比增幅分别为1.53%、1.36%、1.12%；融资余额环比降幅居前的 行业有美容护理、通信、公用事业等，最新融资余额分别有60.06亿元、702.85亿元、445.17亿元，分别 下降0.25%、0.24%、0.12%。（数据宝） 3月10日各行业融资余额环比变动 融资融券、杠杆资金 ...