Group 1 - The external demand market risk has increased, leading to a potential recovery in sectors with domestic demand resilience [1] - The Food and Beverage ETF (515170) has seen continuous capital inflow for 9 consecutive trading days, totaling over 1.8 billion yuan [1] - The food and beverage industry is primarily driven by growth, with beverage leaders maintaining structural prosperity through major products, while companies in food raw materials and health products are expected to see high growth or acceleration [1] Group 2 - The Q3 performance of the liquor industry shows improved sales compared to previous quarters, but the financial reports continue to reflect a clearing phase, with government and business demand under pressure [1] - Consumer goods performance is mixed, with snacks, beverages, pet products, and health products showing good market conditions, while traditional consumer goods like dairy products, condiments, and beer have weak demand [1] - The cost side shows a continued decline in raw material prices, although the rate of decrease is narrowing, while packaging material prices have increased on a month-on-month basis [1]

Group 1 - The South Korean government is preparing its first official budget under the Lee Jae-myung administration, with a planned expenditure increase of 8%-9% for the upcoming year [1] - Total government expenditure is expected to rise from 673.3 trillion KRW this year to approximately 730 trillion KRW, an increase of about 60 trillion KRW [1] - The budget will focus on addressing structural low growth by reallocating funds towards "growth areas," particularly in research and development and artificial intelligence [1] Group 2 - Significant budget support will be directed towards enterprise-level AI projects, including humanoid robots, fully autonomous vehicles and ships, drones, AI home appliances, AI factories, and terminal AI semiconductors [1]

Core Viewpoint - Suzhou Green Harmonic Drive Technology Co., Ltd. announced a cash dividend distribution of 0.1 CNY per share, totaling 18,321,273.5 CNY, approved at the 2024 annual shareholders' meeting on May 20, 2025 [1]. Dividend Distribution Plan - The cash dividend of 0.1 CNY per share will be distributed based on a total share capital of 183,212,735 shares [1]. - The dividend distribution will be executed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [1]. Relevant Dates - The key dates for the dividend distribution include the record date, ex-dividend date, and payment date, which are specified but not detailed in the document [1]. Taxation Details - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net payout of 0.1 CNY per share [1]. - For shares held for less than one year, the tax rates vary based on the holding period, with a maximum effective tax rate of 20% for shares held for one month or less [1]. - Qualified Foreign Institutional Investors (QFII) will also have a 10% withholding tax applied, leading to a net dividend of 0.09 CNY per share [1]. Contact Information - For inquiries regarding the equity distribution, shareholders can contact the company's securities department [1].