Core Viewpoint - Industrial Fulian (601138.SH), a major AI server manufacturer, has announced its first-ever interim dividend due to rapid profit growth, distributing a cash dividend of 3.3 yuan per 10 shares, totaling 6.551 billion yuan, which represents 54.08% of its net profit for the first half of 2025 [1][2][5] Financial Performance - In the first half of 2025, Industrial Fulian achieved a revenue of 360.76 billion yuan, a year-on-year increase of 35.58%, and a net profit attributable to shareholders of 12.113 billion yuan, up 38.61% [6][7] - The company's net profit since its listing in 2018 has reached 149.392 billion yuan, with cumulative cash dividends of 63.095 billion yuan, resulting in an average payout ratio of 42.23% [2][6] Dividend History - Industrial Fulian has consistently paid high annual dividends since its IPO, with amounts exceeding 10 billion yuan annually from 2022 to 2024, and a payout ratio maintained above 54% [2][6] - The recent interim dividend reflects a broader trend in the A-share market towards regular shareholder returns, encouraged by regulatory bodies [2] Stock Performance - The stock price of Industrial Fulian has surged by 226% from 20.86 yuan per share at the beginning of 2025 to 68 yuan per share as of October 21, 2025, with a current market capitalization of 1.35 trillion yuan [1][7] Shareholder Return Strategies - In addition to dividends, Industrial Fulian has implemented stock buyback plans, having completed two rounds of buybacks since 2021, with the latest plan involving a budget of 5 to 10 billion yuan [3][4]

Core Viewpoint - The article discusses the recent actions taken by Weibo to enhance the online business environment and protect the rights of enterprises and entrepreneurs, particularly focusing on combating malicious activities that harm companies' reputations [1][2][4]. Group 1: Actions Taken by Weibo - Weibo has implemented a special action in accordance with the Central Cyberspace Administration of China's requirements to optimize the online business environment [1][2]. - The platform has publicly exposed typical cases of violations, particularly targeting malicious defamation, dissemination of false information, and incitement of user attacks against companies [1][2][4]. - Several automotive industry KOLs (Key Opinion Leaders) have been penalized with a 90-day ban on speaking and a 180-day ban on advertising revenue due to their involvement in these violations [1][2]. Group 2: Examples of Violations - Case 1: @小马甲不小 fabricated false information to tarnish the reputation of a company and its employees [3]. - Case 2: @天虎 spread unverified information regarding a serious accident involving a rental company, leading to misinformation [3]. - Case 3: @科技Finder engaged in selective quoting to undermine a company's marketing strategies [3]. - Case 4: @地球上的Alex attacked and defamed a company, encouraging users to resist it [3]. - Case 5: @happynerd insulted a specific brand's user group [3]. - Case 6: @DSP-Charles spread rumors about a company's manipulation of public opinion and orchestrated attacks against another company [3]. Group 3: Weibo's Stance and Future Direction - Weibo emphasizes that the internet is not a lawless space, and statements related to enterprises must adhere to objective truths and legal boundaries [4]. - The platform encourages users to express reasonable doubts and criticisms while discouraging malicious rumors that could harm not only individual companies but also the broader industry and private economy [4]. - Weibo calls for content creators to focus on objective product reviews, in-depth industry analysis, and engaging company stories, rather than resorting to defamation for traffic [4].

Core Viewpoint - Shenzhen maintains its position as the top foreign trade city in mainland China with a total import and export value of 33,643.29 billion yuan despite export pressures [2][3]. Trade Performance - In the first three quarters, Shenzhen's total import and export value grew by only 0.1% compared to the same period last year, with exports accounting for over 60% of the total [4][7]. - Shenzhen's export value reached 20,382.04 billion yuan, a year-on-year decrease of 4.7%, although the growth rate improved in the latter part of the year [4][5]. - Conversely, Shenzhen's import value increased to 13,261.25 billion yuan, reflecting a year-on-year growth of 8.4% [5]. Trade Structure and Partners - The trade structure in Shenzhen has been continuously optimized, with general trade accounting for over half of the total import and export value [3][7]. - In the first three quarters, Shenzhen's general trade import and export value reached 18,100 billion yuan, making up 53.8% of the total [7]. - Shenzhen has diversified its trade partners, with significant growth in imports and exports to Japan, Taiwan, Hong Kong, and South Korea [6]. Product Categories - Mechanical and electrical products remain resilient, constituting 75.7% of Shenzhen's total exports, with notable growth in integrated circuits and traditional electronic products [8][9]. - Emerging products such as lithium batteries and 3D printers have shown strong growth, with lithium battery exports increasing by 36.6% [9]. Infrastructure and Logistics - The capacity of Shenzhen's air and sea ports has steadily improved, supporting the growth of foreign trade [10]. - In the first nine months, Shenzhen Airport's international cargo throughput reached 771,000 tons, a year-on-year increase of 12.7% [10].

Summary of Key Points Core Viewpoint - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 246.87 billion, with Industrial Fulian and Ningde Times leading in individual stock trading volume. The electronic sector saw the highest net inflow of funds, while the activity of institutional investors on the Dragon and Tiger list has decreased for two consecutive days [1][3]. Trading Volume - The total trading amount for the Shanghai Stock Connect was 120.83 billion, while the Shenzhen Stock Connect was 126.04 billion [1][2]. Top Trading Stocks - In the Shanghai Stock Connect, the top three stocks by trading volume were: 1. Industrial Fulian: 3.43 billion 2. Cambricon: 3.07 billion 3. Zijin Mining: 1.72 billion - In the Shenzhen Stock Connect, the top three stocks were: 1. Ningde Times: 4.77 billion 2. Zhongji Xuchuang: 4.55 billion 3. Luxshare Precision: 3.80 billion [2]. Sector Performance - The electronic sector led with a net inflow of 11.63 billion, followed by the communication sector with 5.89 billion. The banking sector experienced the highest net outflow of 1.84 billion [4][5]. ETF Trading - The top ETF by trading volume was the Hong Kong Securities ETF with 22.55 billion, followed by the Gold ETF with 9.47 billion. The Livestock ETF saw a significant increase in trading volume, up 231% compared to the previous trading day [7][8]. Futures Positions - In the futures market, both long and short positions increased across the main contracts, with the IC contract seeing a larger increase in short positions [9]. Institutional Activity - Institutional activity on the Dragon and Tiger list showed a decline, with the number of stocks bought and the net buying scale both decreasing. Notably, Yuanjie Technology was purchased by CITIC Securities for 292 million [10][12].

Core Viewpoint - The company announced its profit distribution plan for the first half of 2025, detailing a cash dividend of RMB 1.00 per 10 shares for all shareholders, with no stock bonus or capital reserve conversion [1] Summary by Sections Profit Distribution Plan - The profit distribution plan is based on a total share capital of 4,982,732,391 shares, excluding 7,593,878 shares held in the company's repurchase account, resulting in a base of 4,975,138,513 shares for the distribution [1] - The cash dividend will be RMB 1.00 per 10 shares, which includes tax [1] - The record date for the dividend distribution is set for October 27, 2025, and the ex-dividend date is October 28, 2025 [1] Adjustments - Any changes in the total share capital or the base for this profit distribution due to share repurchases will lead to corresponding adjustments in the total distribution amount while maintaining the distribution ratio [1]

Group 1 - As of October 21, the Apple concept stock increased by 2.97%, ranking 10th among concept sectors, with 130 stocks rising, including companies like Huanxu Electronics and Wentai Technology hitting the daily limit [1][2] - The leading gainers in the Apple concept sector included Industrial Fulian, Fuliwang, and Dongshan Precision, which rose by 9.57%, 9.08%, and 8.12% respectively [1][2] - The stocks with the largest declines were Rongqi Technology, Changying Precision, and Dingyang Technology, which fell by 1.61%, 1.08%, and 1.06% respectively [1] Group 2 - The Apple concept sector saw a net inflow of 6.952 billion yuan, with 74 stocks receiving net inflows, and 12 stocks exceeding 100 million yuan in net inflows [2][3] - The top stock for net inflow was Industrial Fulian, with a net inflow of 2.199 billion yuan, followed by Luxshare Precision, Dongshan Precision, and Wentai Technology with net inflows of 1.499 billion yuan, 859 million yuan, and 538 million yuan respectively [2][3] Group 3 - In terms of net inflow ratios, Huanxu Electronics, Jepter, and Innovation New Materials led with net inflow ratios of 24.73%, 24.39%, and 16.27% respectively [3][4] - The Apple concept stocks with notable performance included Industrial Fulian, Luxshare Precision, and Dongshan Precision, with daily turnover rates of 1.27%, 4.03%, and 7.43% respectively [3][4]

（记者 王晓波） 每经头条（nbdtoutiao）——展望"十五五"|专访财政部原副部长朱光耀：未来几年中国经济增速有望保 持4.5%~5%，可再生能源、人工智能等领域将成重要推动力 每经AI快讯，工业富联10月20日晚间发布公告称，公司第三届第二十七次董事会会议于2025年10月20 日以书面传签的方式召开。会议审议了《富士康工业互联网股份有限公司2025年半年度利润分配预案》 等文件。 ...

今日A股市场震荡反弹， 创业板指涨超3%，沪指涨1.36%重返3900点。 沪深两市成交额1.87万亿，较上一个交易日放量1363亿。 盘面上，市场热点轮番活跃，全市场超4600只个股上涨。 深地科技概念持续走强 ，神开股份、石化机械双双2连板。 CPO概念股全天走强 ，"易中天"光 模块三巨头震荡拉升，源杰科技触及20cm涨停创历史新高。 苹果产业链表现活跃 ，环旭电子涨停，工业富联大涨。下跌方面，煤炭股走弱，安泰集团大 跌。 板块方面，培育钻石、工程机械、CPO等板块涨幅居前，煤炭等板块跌幅居前。 截至收盘，沪指涨1.36%，深成指涨2.06%，创业板指涨3.02%。 上证指数 创业板指 深证成指 -3916.33 -3083.72 -13077.32 +90.26 +3.02% +52.44 +1.36% +264.11 +2.06% 板块详情 > 市场概况 2776 1307 596 310 104 92 131 96 81 24 9 4 5 小于 大于 涨停 跌停 +6% +4% +2% 0% -2% -4% -6% -8% +8% -8% +8% 上涨 4628家 持平 下跌 729家 81家 跌 ...

Core Viewpoint - The market experienced a rebound with significant gains in major indices, particularly the ChiNext Index, which rose over 3% [1]. Market Performance - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index increased by 2.06% to 13077.32 [2]. - The ChiNext Index reached 3083.72, marking a 3.02% rise [2]. - Total trading volume in the Shanghai and Shenzhen markets was 1.87 trillion, an increase of 136.3 billion compared to the previous trading day [1]. Sector Performance - The market saw over 4600 stocks rise, with notable strength in sectors such as cultivated diamonds, engineering machinery, and CPO [3]. - Specific stocks like ShenKai Co. and Petrochemical Machinery achieved consecutive gains, while the CPO concept stocks, including "Yi Zhongtian" optical module leaders, experienced significant upward movement [2]. - The Apple supply chain also showed strong performance, with stocks like Huanxu Electronics hitting the limit up and Industrial Fulian seeing substantial gains [2]. - Conversely, coal stocks weakened, with AnTai Group experiencing a significant drop [3].

Group 1 - The core point of the article highlights the recent performance of Boshuo Technology, which saw a 5.02% increase in stock price, reaching 38.06 CNY per share, with a total market capitalization of 6.437 billion CNY [1] - Boshuo Technology, established on August 26, 2016, and listed on February 26, 2021, specializes in the design, research and development, production, and sales of functional electronic components [1] - The company's main revenue sources are precision functional components (76.07%), intelligent automation equipment (22.85%), and other supplementary products (1.08%) [1] Group 2 - Among the top circulating shareholders of Boshuo Technology, a fund under Golden Eagle Fund ranks as a significant stakeholder, holding 544,700 shares, which accounts for 0.36% of the circulating shares [2] - The Golden Eagle Technology Innovation Stock A fund, established on April 30, 2015, has a current scale of 3.19 billion CNY and has achieved a year-to-date return of 32.06% [2] - The fund manager, Chen Ying, has a tenure of 10 years and 136 days, with the fund's best return during this period being 239.67% [2]