Core Viewpoint - Shanghai Film Co., Ltd. has announced a mid-term dividend plan for 2025, distributing cash dividends to shareholders based on the company's financial performance in the first half of 2025 [1][2]. Group 1: Dividend Distribution Details - The proposed cash dividend is 0.48 yuan (including tax) for every 10 shares held, amounting to a total distribution of approximately 21.51 million yuan (including tax), which represents 40.02% of the net profit attributable to shareholders [1][2]. - The dividend distribution will be based on the total share capital of 448.2 million shares as of June 30, 2025, and the specific date for the rights distribution will be announced later [1][2]. - The company will not implement other forms of distribution, such as capital reserve transfers or stock dividends [2]. Group 2: Decision-Making Process - The decision for the mid-term dividend was approved during the board meeting on August 26, 2025, with unanimous support from the board and supervisory committee [2]. - The company had previously discussed the potential for a mid-term dividend at the annual shareholders' meeting on June 26, 2025, confirming that the company meets the conditions for cash dividends without affecting its normal operations and long-term development [2].

Core Points - The Qianhai Shekou Free Trade Zone will promote institutional opening of service trade, facilitating cross-border flow of factors and expanding international markets [1] - The implementation of a negative list for cross-border service trade will allow foreign individuals to engage in securities investment consulting, futures trading consulting, and open securities accounts [1] - The CEPA service trade agreement will be implemented to support Hong Kong and Macau banks in conducting card business and allow Hong Kong investors to invest in film production, enhancing the level of service trade liberalization with Hong Kong and Macau [1]

Group 1 - The Hang Seng Index fell by 1.35% to close at 23,282.33 points on May 26 [1] - Big High Group (08220.HK) closed at HKD 3.59 per share, up 12.89%, with a trading volume of 425,000 shares and a turnover of HKD 1.45 million, showing a volatility of 16.04% [1] Group 2 - Over the past month, Big High Group has experienced a cumulative decline of 2.15%, while year-to-date it has seen a cumulative increase of 2.25%, underperforming the Hang Seng Index by 17.65% [2] - As of September 30, 2024, Big High Group reported total revenue of HKD 4.08 million, a year-on-year decrease of 16%; net profit attributable to shareholders was -HKD 10.38 million, a year-on-year decrease of 110.65%; gross margin stood at 61.86%, and the debt-to-asset ratio was 129.44% [2] Group 3 - Currently, there are no institutional investment ratings for Big High Group [3] - The media and entertainment industry has an average price-to-earnings (P/E) ratio (TTM) of -5.28 times, with a median of -1.13 times; Big High Group's P/E ratio is -17.34 times, ranking 56th in the industry [3] - Big High Group is primarily engaged in film production, licensing and derivative rights, cross-market promotion, interactive content provision, and cinema investment and management [3]