Core Viewpoint - The article highlights the active cash dividend distribution by listed companies in China, with a total of 3,679 companies proposing distribution plans for the 2024 fiscal year, amid regulatory encouragement for cash dividends [1] Group 1: Dividend Distribution Overview - A total of 3,674 companies included cash dividends in their distribution plans for 2024, amounting to a cumulative cash payout of 1.64 trillion yuan [1] - There are 347 companies that included stock transfers in their distribution plans for 2024 [1] - The article emphasizes two important dates for investors focused on dividends: the ex-dividend date and the record date [1] Group 2: Companies with Upcoming Dividend Payments - Among the 11 companies with record dates today, 9 companies have proposed cash dividends of 1 yuan (after tax) or more per 10 shares [1] - The company with the highest cash payout is 安徽皖通高速公路股份有限公司 (Wanhua Highway), offering 6.04 yuan per 10 shares [1] - Other notable companies include 千禾味业 (Qianhe Flavoring) and 宁沪高速 (Ninghu Expressway), with cash payouts of 5.00 yuan and 4.90 yuan per 10 shares, respectively [1] Group 3: Stock Performance - Among the 11 stocks with record dates today, 千禾味业 (Qianhe Flavoring) has the highest increase in stock price over the past five days, with a cumulative increase of 4.71% [2] - Other companies with significant price increases include 上海临港 (Shanghai Lingang) and 辽宁成大 (Liaoning Chengda) [2] - The table provided lists the dividend amounts, stock performance, and latest closing prices for the companies involved [2]

Investment Rating - The report does not provide a specific investment rating for the REITs industry [2] Core Insights - The REITs index experienced a slight increase of 0.03% this week, contrasting with a 1.08% decline in the Shanghai and Shenzhen 300 index [4][13] - The total market capitalization of the REITs industry is approximately 198.2 billion yuan, with a circulating market value of about 92.0 billion yuan [2] - Recent approvals include two new REIT projects: Zhongyin Zhongwaiyun Warehousing Logistics REIT and Guotai Junan Lingang Innovation Manufacturing Industrial Park REIT [6][9] - The trading volume for REITs decreased by 20.2% this week, totaling 2.38 billion yuan, with an average daily turnover rate of 0.5% [40] Summary by Sections Market Performance - The REITs index rose by 0.03%, while the Shanghai and Shenzhen 300 index fell by 1.08% [13] - 28 REITs saw price increases, 0 remained stable, and 38 experienced declines, with the largest gain being 5.07% for the招商高速 REIT and the largest loss being 4.22% for the 华夏合肥高新 REIT [17] Trading Activity - The trading activity for REITs decreased, with a total trading amount of 2.38 billion yuan, down 20.2% from the previous week [40] - Specific sectors such as highways and ecological protection saw significant declines in trading volumes, with highway REITs trading at 600 million yuan, down 23.0% [40] Project Approvals and Announcements - Recent approvals include the Zhongyin Zhongwaiyun Warehousing Logistics REIT and the Guotai Junan Lingang Innovation Manufacturing Industrial Park REIT [6][9] - Several REITs announced dividend distributions, including 华夏合肥高新产园 REIT and 中航易商仓储物流 REIT [9][12] Valuation Situation - The estimated yield for various REITs ranges from -1.95% to 10.80%, with the highest yield observed in 华夏中国交建 REIT at 10.80% [42] - The P/NAV ratio for REITs varies between 0.75 and 1.79, indicating differing valuation levels across the sector [42]