Group 1 - The core viewpoint is that the A-share market is currently at a historically low valuation level, presenting strong allocation value [2] - The Hu-Shen 300 Free Cash Flow ETF Morgan (563900) has seen a continuous inflow of funds, totaling 289 million yuan over the past 12 days [1] - The Hu-Shen 300 Free Cash Flow Index reflects the performance of 50 listed companies with high free cash flow rates, indicating strong cash flow generation capabilities [2] Group 2 - China Shenhua's dividend rate for 2024 is projected to be 76.5%, continuing a trend of over 70% for four consecutive years, making it a representative of high dividend assets [2] - The coal industry is experiencing a tightening supply-demand relationship, supported by economic recovery and increased electricity demand, which is expected to bolster thermal coal prices [2] - The Hu-Shen 300 Free Cash Flow ETF Morgan has reached a new high in scale at 429 million yuan since its inception [1]