中国股票策略- 2025 年上半年金融股和民营企业盈利向好；股息同比增长 9.5%-Equity Strategy - China-Better earnings on financials and POEs in 1H25; dividend up 9.5% YoY

Accessible version Equity Strategy - China Better earnings on financials and POEs in 1H25; dividend up 9.5% YoY Equity Strategy Mild earnings growth in 1H25, dividend up 9.5% YoY A-shares' 2Q25 revenue growth improved to 0.3% YoY (or 0.1% YoY in 1H25) from -0.2% YoY in 1Q25, but earnings growth slowed to 1.2% YoY (or 2.8% YoY in 1H25) from 4.4% YoY in 1Q25 – mainly dragged by weaker earnings in energy, real estate and shipping sectors. The number of companies announcing/proposing interim dividends rose from ...