Core Viewpoint - The China Securities Index of State-Owned Enterprises Dividend (CSI State-Owned Enterprises Dividend Index) shows a slight increase of 0.27% to 2079.1 points, with a trading volume of 39.736 billion yuan, despite a decline of 0.93% over the past month and a year-to-date drop of 2.69% [1] Group 1: Index Performance - The CSI State-Owned Enterprises Dividend Index has decreased by 0.93% in the last month, increased by 0.25% in the last three months, and has fallen by 2.69% year-to-date [1] - The index is based on 100 listed companies selected for their high cash dividend yield, stable dividends, and certain scale and liquidity, reflecting the overall performance of high-dividend securities among state-owned enterprises [1] Group 2: Index Holdings - The top ten weighted stocks in the CSI State-Owned Enterprises Dividend Index include: COSCO Shipping Holdings (2.66%), Jizhong Energy (2.06%), Lu'an Environmental Energy (1.53%), Shanxi Coking Coal (1.5%), Shanxi Coal International (1.5%), Hengyuan Coal Power (1.41%), Xiamen International Trade (1.35%), Jianfa Co. (1.29%), Shaanxi Coal and Chemical Industry (1.28%), and Shanghai Bank (1.27%) [1] - The index's holdings are primarily listed on the Shanghai Stock Exchange (83.20%) and the Shenzhen Stock Exchange (16.80%) [1] Group 3: Industry Composition - The industry composition of the index holdings is as follows: Finance (28.10%), Industry (24.84%), Energy (21.72%), Materials (8.08%), Communication Services (6.47%), Real Estate (3.88%), Consumer Discretionary (3.53%), Utilities (1.77%), and Consumer Staples (1.60%) [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - Criteria for sample retention include: actual control by state-owned entities, cash dividend yield greater than 0.5% in the past year, average market capitalization ranking in the top 90% of the CSI All Share Index, and average dividend payout ratio over the past three years being greater than 0 and less than 1 [3] - Adjustments to the sample weight factors occur simultaneously with the sample adjustments, and temporary adjustments can be made under special circumstances [3] Group 5: Related Funds - Public funds tracking the CSI State-Owned Enterprises Dividend Index include: Western Li De State-Owned Enterprises Dividend Index Enhanced C, Pengyang CSI State-Owned Enterprises Dividend Linked A, Pengyang CSI State-Owned Enterprises Dividend Linked C, Hua'an CSI State-Owned Enterprises Dividend Linked A, Hua'an CSI State-Owned Enterprises Dividend Linked C, Pengyang CSI State-Owned Enterprises Dividend ETF, Western Li De State-Owned Enterprises Dividend Index Enhanced A, and Hua'an CSI State-Owned Enterprises Dividend ETF [4]

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | eolala | 中远海控 | 0.06% | 2.59% | | 000937 | 冀中能源 | -1.03% | 1.87% | | 601000 | 唐山港 | -0.25% | 1.40% | | 600546 | 山煤国际 | -0.91% | 1.38% | | 000983 | 山西焦煤 | -1.53% | 1.29% | | 601166 | 兴业银行 | 0.46% | 1.26% | | 600282 | 南钢股份 | -0.24% | 1.26% | | 601838 | 成都银行 | 1.95% | 1.26% | | 000429 | 粤高速A | 0.15% | 1.25% | | 600971 | 恒源煤电 | -0.91% | 1.24% | （以上所列示股票为指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未来的投资方向，也不代表具体的投资建议，投资方向、基金具体持 仓可能发生变化。市场有风险，投资需谨慎。) 国企红利ETF(159515)，场外联接(鹏扬 ...

截至2025年6月17日 13:44，中证国有企业红利指数(000824)上涨0.10%，成分股潞安环能(601699)上涨1.94%，厦门象屿(600057)上涨1.92%，陕西煤业 (601225)上涨1.82%，中远海控(601919)上涨1.74%，中国石油(601857)上涨1.66%。国企红利ETF(159515)上涨0.09%，最新价报1.1元。（以上所列示股票为 指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未来的投资方向，也不代表具体的投资建议，投资方向、基金具体持仓可能发生变化。市 场有风险，投资需谨慎。) 国企红利ETF紧密跟踪中证国有企业红利指数，近期样本调整数量12只，周转率12%。前五大行业为银行、煤炭、交运、房地产和传媒。 鹏扬基金指出，当前债券利率整体处于较低位置，我们认为险资会持续增配红利资产，叠加近期地缘政治风险上行，国企红利指数或会受益。一方面，公募 基金高质量发展政策近期出台，强化业绩比较基准的约束作用，目前公募基金低配较多的银行、非银、公用事业等板块，红利板块整体低配，未来有望迎来 资金流入，国企红利届时受益；另一方面，国企红利指数既受益于国企盈利和估值提 ...

Core Viewpoint - The China Securities State-Owned Enterprises Dividend Index (国企红利指数) has shown fluctuations, with a recent decline of 0.66% despite a monthly increase of 4.02% and a year-to-date decrease of 1.10% [1][2]. Index Performance - The China Securities State-Owned Enterprises Dividend Index is composed of 100 listed companies selected for their high cash dividend yields and stable dividends, reflecting the overall performance of high-dividend securities among state-owned enterprises [2]. - The index was established on June 30, 2009, with a base value of 1000.0 points [2]. Index Holdings - The top ten weighted stocks in the index include: - COSCO Shipping Holdings (中远海控) - 2.82% - Jizhong Energy (冀中能源) - 2.14% - Chengdu Bank (成都银行) - 1.48% - Chongqing Rural Commercial Bank (渝农商行) - 1.46% - Shanghai Rural Commercial Bank (沪农商行) - 1.44% - Shanghai Bank (上海银行) - 1.37% - Industrial Bank (兴业银行) - 1.36% - Sichuan Road & Bridge (四川路桥) - 1.3% - Jiangsu Bank (江苏银行) - 1.3% - China Shenhua Energy (中国神华) - 1.26% [2]. Market Composition - The index's holdings are primarily listed on the Shanghai Stock Exchange (83.24%) and the Shenzhen Stock Exchange (16.76%) [2]. - The industry composition of the index includes: - Financials - 29.79% - Industrials - 25.98% - Energy - 18.99% - Materials - 8.79% - Communication Services - 5.23% - Consumer Discretionary - 3.71% - Real Estate - 3.61% - Utilities - 3.14% - Consumer Staples - 0.76% [2]. Sample Adjustment Criteria - The index samples are adjusted biannually, with criteria including: - Control by state-owned entities - Cash dividend yield greater than 0.5% over the past year - Average market capitalization and trading volume ranking within the top 90% of the China Securities Index [3]. - Adjustments are limited to a maximum of 20% unless specific conditions are met [3]. Related Funds - Public funds tracking the state-owned enterprise dividend index include: - Western Li De State-Owned Enterprise Dividend Index Enhanced C - Pengyang China Securities State-Owned Enterprise Dividend Link A & C - Huaan China Securities State-Owned Enterprise Dividend Link A & C - Pengyang China Securities State-Owned Enterprise Dividend ETF - Western Li De State-Owned Enterprise Dividend Index Enhanced A - Huaan China Securities State-Owned Enterprise Dividend ETF [4].

截至2025年5月27日 13:02，中证国有企业红利指数(000824)下跌0.28%。成分股方面涨跌互现，菜百股份(605599)领涨2.24%，深物业A(000011)上涨1.31%， 厦门象屿(600057)上涨1.31%；昊华能源(601101)领跌2.85%，陕天然气(002267)下跌2.80%，神火股份(000933)下跌2.78%。国企红利ETF(159515)下跌0.28%， 最新报价1.08元。（以上所列示股票为指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未来的投资方向，也不代表具体的投资建议，投资 方向、基金具体持仓可能发生变化。市场有风险，投资需谨慎。) 广发证券判断，在目前没有新的行业逻辑、市场没有出现大幅波动情况下，红利资产可能在6月逐渐进入逆风期，但对长线投资者而言，逆风期可能是一个 很好的介入时间点，在当下外部环境不确定性较大的背景下，红利资产仍然是长期配置的底仓选择。 风险提示：本产品由鹏扬基金管理有限公司发行与管理，销售机构不承担产品的投资、兑付和风险管理责任。基金管理人承诺以诚实信用、勤勉尽责的原则 管理和运用基金资产，但不保证基金一定盈利，也不保证最低收 ...

Wind数据显示： 截至2025年5月8日 13:22，中证国有企业红利指数(000824)上涨0.18%，成分股兴业银行(601166)上涨 2.61%，招商银行(600036)上涨2.57%，浦发银行(600000)上涨2.55%，渝农商行(601077)上涨2.20%，江 苏银行(600919)上涨2.17%。国企红利ETF(159515)上涨0.28%， 最新价报1.07元。（以上所列示股票为 指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未来的投资方向，也不代表具体的投 资建议，投资方向、基金具体持仓可能发生变化。市场有风险，投资需谨慎。) 规模方面，国企红利ETF近1月规模增长667.77万元，实现显著增长，新增规模位居可比基金1/2。 （以上所列示股票为指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未来的投资方 向，也不代表具体的投资建议，投资方向、基金具体持仓可能发生变化。市场有风险，投资需谨慎。) 国企红利ETF(159515)，场外联接(鹏扬中证国有企业红利ETF联接A：020115；鹏扬中证国有企业红利 ETF联接C：020116)。 风险提示：本产品由鹏扬基金管 ...

从指数持仓来看，中证国有企业红利指数十大权重分别为：中远海控（2.6%）、冀中能源（1.97%）、 山煤国际（1.4%）、成都银行（1.36%）、山西焦煤（1.35%）、唐山港（1.32%）、上海银行 （1.31%）、潞安环能（1.3%）、中国神华（1.28%）、恒源煤电（1.27%）。 从中证国有企业红利指数持仓的市场板块来看，上海证券交易所占比82.98%、深圳证券交易所占比 17.02%。 从中证国有企业红利指数持仓样本的行业来看，金融占比28.01%、工业占比26.15%、能源占比 20.16%、原材料占比9.19%、通信服务占比5.34%、房地产占比3.75%、公用事业占比3.34%、可选消费 占比3.24%、主要消费占比0.82%。 金融界4月14日消息，上证指数高开高走，中证国有企业红利指数 (国企红利，000824)上涨0.83%，报 2023.17点，成交额381.3亿元。 数据统计显示，中证国有企业红利指数近一个月下跌1.38%，近三个月上涨0.13%，年至今下跌5.83%。 来源：金融界 据了解，中证国有企业红利指数从国有企业中选取现金股息率高、分红比较稳定且有一定规模及流动性 的100 ...