Group 1: Core Insights - As of April 23, 2025, over one-third of companies have released their 2024 dividend plans, with more than half of the industries experiencing an increase in dividend rates, indicating a continued search for "new red horses" in dividend strategies [1][6]. - Among the primary industries, the household appliance manufacturing and transportation sectors have shown significant increases in dividend rates for 2024, with expected dividend yields exceeding 3.5% [6][17]. - In the detailed industry analysis, sectors such as small household appliances, express delivery, and building equipment have reported the highest increases in dividend rates [6][20]. Group 2: Dividend Performance Review - From April 16 to April 23, 2025, small-cap growth stocks led the market, while dividend stocks lagged behind, reflecting a phase of risk preference recovery after previous tariff disruptions [7][25]. - The performance of major broad-based indices increased during this period, with real estate, oil and gas, and packaging sectors performing well, while consumer goods and social services faced slight pressure [7][28]. Group 3: High-Frequency Data Tracking - The dividend index's yield compared to government bond yields is currently at a high level, suggesting a favorable cost-benefit ratio for dividend investments [8][39]. - As of April 22, 2025, the dividend index's yield is approximately two standard deviations above the mean compared to government bond yields, indicating a high value for dividend strategies [8][40]. Group 4: Strategic Outlook - The report emphasizes a shift from "old dividends" to "new red horses," focusing on long-term allocation value in dividend assets, particularly in sectors like banking and technology [9][36]. - New investment opportunities are emerging in sectors such as agricultural chemicals, rare earth materials, lithium batteries, and hospitality, which are nearing supply clearing points and showing characteristics of "red horses" [9][36].

Group 1 - China Telecom reported a net profit of 33.01 billion yuan for 2024, an increase of 8.4% year-on-year, with total revenue of 523.57 billion yuan, up 3.1% [1] - Minfeng Special Paper achieved a net profit of 72 million yuan, a year-on-year increase of 54.09%, despite a revenue decline of 9.82% to 1.46 billion yuan [2] - Kuaiji Elevator's net profit decreased by 8.46% to 132 million yuan, with total revenue falling by 4.93% to 1.58 billion yuan [3] Group 2 - Zhongjian Technology reported a net profit of 356 million yuan, up 23.16% year-on-year, with total revenue of 812 million yuan, an increase of 45.39% [4] - China Communication Technology announced the resignation of Vice President Zhao Xiaodong due to work changes [6] - Honghua Digital received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to disclose the use of idle raised funds in a timely manner [8] Group 3 - Huazhong Shuanghe received a drug registration certificate for Gadobutrol injection, applicable for MRI examinations [10] - Ruihe Co. reported overdue loans totaling 15.2 million yuan due to slow accounts receivable turnover caused by a major client's debt crisis [12] - Lubo Chemical received a dividend of 76.5 million yuan from its subsidiary [13] Group 4 - Sihai Visual plans to use up to 500 million yuan of idle funds to purchase low-risk, short-term financial products [14] - Binjiang Group won the land use rights for two plots at a total price of 7.742 billion yuan [16] - Canan Co. received a utility model patent certificate for a needle sheath feeding mechanism [18] Group 5 - David Medical's subsidiary's medical device registration application was accepted by the Zhejiang Provincial Drug Administration [20] - Rejing Bio obtained 30 overseas qualification certifications for various in vitro diagnostic reagents and instruments [22] - Jincheng Mining signed a contract worth approximately 21.5 million USD for infrastructure support at a Zambian mine [24] Group 6 - Baiyun Mountain's subsidiary received approval for clinical trials of a new herbal tea product [26] - Hunan Haili successfully acquired land use rights for two plots in Yongxing County [28] - Nanshan Aluminum's subsidiary was listed on the Hong Kong Stock Exchange [30] Group 7 - Jinghua New Materials' application for a simplified procedure to issue shares was accepted by the Shanghai Stock Exchange [32] - Ningbo Construction filed a lawsuit for overdue project payments totaling 112 million yuan [34] - Tiantong Co. received a government subsidy of 47.52 million yuan [36] Group 8 - Zhongqi Co. appointed Zhang Zipeng as the new general manager [38] - Ruihu Mold reported a net profit of 350 million yuan, up 73.20% year-on-year, with total revenue of 2.424 billion yuan [40] - Mega Chip reported a net profit of 211 million yuan, a year-on-year increase of 26.30%, with total revenue of 2.139 billion yuan [42] Group 9 - Shenhuo Co. reported a net profit of 4.307 billion yuan, a decrease of 27.07% year-on-year, with total revenue of 38.373 billion yuan [44] - Feikai Materials plans to acquire 100% of JNC Suzhou and related patents for a total consideration of 3.7 billion yuan [46] - Junpu Intelligent announced that its major shareholders committed not to reduce their holdings for 12 months [48] Group 10 - Yaxing Anchor Chain confirmed that its production and operations are normal amid market interest in marine economy concepts [50] - Guangzhou Development plans to invest 5.612 billion yuan in a coal power environmental replacement project [52] - Ruihu Mold intends to issue convertible bonds to raise up to 880 million yuan for various projects [54]