Group 1 - The core objective of the company is to achieve over 2% revenue growth by 2026 [1]

Core Viewpoint - The successful issuance of 1.1 billion yuan in merger notes by Xiamen International Trade Holdings Group marks a significant innovation in debt financing tools in Fujian Province and the first digital yuan merger note in the country, showcasing the capabilities of Industrial Bank's Xiamen branch in supporting market-oriented mergers and acquisitions [1]. Group 1 - The merger notes, aimed at raising funds for corporate mergers, are a new debt financing tool for non-financial enterprises in the interbank market [1]. - This issuance aligns with the policy direction of optimizing the merger note work mechanism and addresses the funding needs in corporate merger financing, helping to reduce reliance on credit resources [1]. - The successful issuance demonstrates Industrial Bank's professional advantages and innovative capabilities in bond underwriting, contributing to the comprehensive financial service capacity to support quality enterprises in market-oriented mergers [1]. Group 2 - Industrial Bank's Xiamen branch plans to continue enhancing financial support for key areas of the real economy through innovative products like merger notes and sci-tech notes [2]. - The bank aims to guide financial resources to effectively support enterprises in broadening financing channels and reducing financing costs, contributing to the industrial structure upgrade and high-quality economic development in Xiamen [2].

登录新浪财经APP 搜索【信披】查看更多考评等级 重要提示 1、永赢国证港股通互联网交易型开放式指数证券投资基金（以下简称"本基金"）的募集已于2025年12 月24日获中国证监会证监许可〔2025〕2957号文注册。中国证监会对本基金募集申请的注册，并不表明 其对本基金的投资价值、市场前景和收益做出实质性判断或保证，也不表明投资于本基金没有风险。 2、本基金是交易型开放式、股票型证券投资基金、指数基金。 3、本基金的基金管理人为永赢基金管理有限公司（以下简称"本公司"或"永赢基金"），基金托管人为 兴业银行股份有限公司，本基金的登记结算机构为中国证券登记结算有限责任公司。 4、本基金募集对象为符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格境 外投资者以及法律法规或中国证监会允许购买证券投资基金的其他投资人。个人投资者指依据有关法律 法规规定可投资于证券投资基金的自然人；机构投资者指依法可以投资证券投资基金的、在中华人民共 和国境内合法登记并存续或经有关政府部门批准设立并存续的企业法人、事业法人、社会团体或其他组 织；合格境外投资者指符合《合格境外机构投资者和人民币合格境外机构投资者境内 ...

近期，沪市公司集中派发"现金红包"，掀起春节前分红热潮。据上海证券报记者了解，这也是沪市公司 积极响应"春节前分红"号召，以实际行动践行现金分红的稳定性、常态化。 数据显示，在2026年春节长假到来前的最后6个交易日内，兴业银行、中信证券、长江电力在内的近20 家公司将合计派发约258亿元的"现金红包"。拉长时间线来看，从2025年12月起至2026年春节前，沪市 公司合计发放的分红金额将突破3476亿元，有望冲击3500亿元大关，较上年同期的3000亿元再上新台 阶。截至2月5日，上述现金分红已发放3218亿元。 ◎记者 何昕怡 放眼整个银行业的中期分红情况，6家国有大行发放的"红包"金额稳居前列，共计派发中期现金红利 2046.57亿元，分红比例均超过30%，工商银行的中期分红更是高达503.96亿元。 沪市公司稳健经营积极派现 数据显示，截至2月5日，沪市春节前分红已累计发放3218亿元。记者发现，许多传统行业公司在春节前 积极以丰厚分红回馈投资者，包括长江电力、达仁堂等在内的多家公司将在春节前最后一周内发放现金 红包。这批公司通过夯实主业、提升经营质量、完善分红机制，展现出沪市上市公司高质量发展的鲜明 ...

2026.02.05 本文字数：1126，阅读时长大约2分钟 作者 |第一财经 黄思瑜 春节前最后几个交易日里，近20家沪市公司将合计发放258亿元春节红包。从2025年12月起至春节前， 沪市合计发放的分红金额合计将突破3476亿元。 在业内看来，银行股在分红节奏和分红频次上的变化，成为"春节前分红"政策落地的一个直观体现，让 投资者更早、更清晰地看到现金回报，无疑是一种对于投资者持股感受的提升与优化。 除了银行业外，还有较多传统行业公司在春节前向投资者发放现金红包，包括长江电力 （600900.SH）、达仁堂（600329.SH）等在内的多家公司将在春节前最后一周内发放现金红包。 其中，长江电力将于2月12日发放2025年中期分红，合计派发超过51亿元。该公司自2016年在国内率先 做出10年期高比例现金分红承诺。根据承诺，2016年至2020年每年每股现金分红不低于0.65元；2021年 至2025年每年现金分红比例不低于当年净利润的70%。近五年，长江电力现金分红金额总计达976.90亿 元。 2月4日晚间，达仁堂也发布了2025年季度权益分派实施公告，将每股派发现金红利2.45元（含税），共 计派发 ...

Core Viewpoint - The article highlights the significant cash dividends being distributed by companies in the Shanghai stock market, particularly focusing on the banking sector, which is leading the trend of pre-Spring Festival cash distributions to investors [3][4]. Group 1: Cash Dividends Distribution - Nearly 20 companies in the Shanghai market are set to distribute a total of 25.8 billion yuan in cash dividends before the Spring Festival [3]. - From December 2025 to the pre-Spring Festival period, the total cash dividends distributed by the Shanghai market will exceed 347.6 billion yuan, with 321.8 billion yuan already distributed by February 5 [3]. - Industrial Bank is set to distribute over 11.9 billion yuan in cash dividends to A-share investors, with a per-share cash dividend of 0.565 yuan (tax included) [3]. Group 2: Banking Sector Performance - The banking sector is the main contributor to cash distributions, with nine banks, including Industrial Bank, Jiangsu Bank, and China Merchants Bank, announcing a total of nearly 70 billion yuan in cash dividends for the first half of 2025 [3][4]. - China Merchants Bank announced a cash dividend of approximately 25.5 billion yuan (tax included) for A+H shares, with a distribution ratio of 35% [3]. Group 3: Other Industries - Other traditional industries are also participating in cash distributions, with companies like Yangtze Power and Da Ren Tang planning to issue cash dividends before the Spring Festival [4]. - Yangtze Power will distribute over 5.1 billion yuan in cash dividends on February 12, having committed to a high cash dividend ratio since 2016 [4]. - Da Ren Tang announced a cash dividend of 2.45 yuan per share (tax included), totaling 1.887 billion yuan, with a cumulative cash dividend of 5.117 billion yuan since its listing [5]. Group 4: Regulatory Environment and Investor Sentiment - Industry insiders note that the continuous strengthening of cash dividend regulations and disclosure requirements by regulatory authorities is enhancing shareholder return awareness among listed companies [6]. - Investors are increasingly inclined to choose companies that can withstand economic cycles and are willing to consistently return value to shareholders, marking a significant trend in value investing [6].

1月16日，招商银行首次向A股投资者洒下中期"红包雨"。本次招行春节前分红A股每股派现1.013元 （含税），A+H股合计派发现金红利约255.48亿元（含税），其中派发A股现金红利约208.97亿元（含 税），分红比例更是达到35%。 中经记者 孙汝祥 夏欣 北京报道 2026年2月6日，兴业银行超119亿元分红将会发放给A股投资者，意味着公司在春节前"红包"即将发放 完毕。 有关数据显示，在春节长假前的未来6个交易日中，包括兴业银行在内的近20家沪市公司合计将有258亿 元的现金分红到账。 而从2025年12月起至2026年2月5日，沪市春节前分红已累计发放3218亿元；到春节前，合计发放分红金 额将突破3476亿元，接近3500亿元，较之上年同期的3000亿元再上台阶。 业内人士表示，随着监管层持续强化现金分红约束和信息披露要求，上市公司股东回报意识不断增强， 沪市正在逐步形成以经营质量支撑股价、以分红机制稳定预期的良性生态。对投资者而言，选择那些既 能穿越周期，又愿意持续回馈股东的公司，正成为价值投资的重要路径。 记者注意到，银行成为春节前派现的绝对主力。2026年1月以来，兴业银行、江苏银行、邮储银 ...

Group 1 - The total cash dividends distributed by nearly 20 companies in the Shanghai market before the Spring Festival will amount to 25.8 billion yuan, with the total dividends expected to exceed 347.6 billion yuan by the end of 2025 [1] - As of February 5, 2025, 321.8 billion yuan has already been distributed, with Industrial Bank set to distribute over 11.9 billion yuan on February 6, 2025, at a rate of 0.565 yuan per share (tax included) [1] - The banking sector is the main contributor to cash distributions before the Spring Festival, with nine banks announcing a total of nearly 70 billion yuan in dividends for the first half of 2025 [1] Group 2 - The change in the dividend rhythm and frequency among bank stocks reflects the implementation of the "pre-Spring Festival dividend" policy, enhancing investor experience by providing clearer cash returns [2] - Traditional companies, including Yangtze Power and Darentang, are also distributing cash dividends before the Spring Festival, with Yangtze Power set to distribute over 5.1 billion yuan on February 12, 2025 [2] - Darentang announced a cash dividend of 2.45 yuan per share, totaling 1.887 billion yuan, with a cumulative cash dividend of 5.117 billion yuan since its listing in 2001 [2] Group 3 - Jianfa Co. announced a cash dividend of 2.00 yuan per 10 shares, totaling approximately 579.9 million yuan, which accounts for 50.49% of its net profit for the first three quarters of 2025 [3] - The continuous strengthening of cash dividend regulations and disclosure requirements by regulatory authorities is enhancing shareholder return awareness among listed companies [3] - Investors are increasingly focusing on companies that can withstand economic cycles while consistently returning value to shareholders, marking a significant path for value investment [3]

Core Viewpoint - A significant market shift occurred as global funds fled from technology stocks and precious metals, leading to a notable decline in major indices and a surge in bank stocks as a safe haven for investors [1][2][3]. Group 1: Market Reactions - On February 4, U.S. tech stocks experienced a sharp decline, with the Nasdaq dropping over 2% and major companies like Nvidia, Meta, and Tesla falling more than 3%. AMD saw a staggering drop of 17.3%, marking its largest single-day decline in nearly nine years [1][3]. - The panic spread to A-shares and Hong Kong stocks, with sectors like solar energy and precious metals witnessing significant sell-offs. Silver futures plummeted nearly 20% at one point, exacerbating market fears [2][5]. - Despite the overall market turmoil, the banking sector in A-shares rose by 2.1%, with all 42 bank stocks closing in the green, indicating a flight to safety among investors [2][10]. Group 2: Capital Flows - Southbound funds recorded a net purchase of over 22 billion HKD, with major Chinese banks like ICBC, CMB, and CCB becoming core targets for accumulation [3][13]. - A significant shift in capital is underway, with funds moving from tech and precious metals to banks, which are perceived as having a higher safety margin [3][9]. Group 3: Banking Sector Performance - The banking sector is supported by strong earnings growth and historically low valuations, making it an attractive option for risk-averse investors [15][20]. - As of February 4, several banks reported robust earnings, with Qingdao Bank, Hangzhou Bank, and others showing significant profit increases, further solidifying the sector's appeal [16][18]. - The banking sector's average dividend yield ranges from 4.87% to 5.2%, significantly higher than the 10-year government bond yield of around 2%, enhancing its attractiveness in a low-interest-rate environment [21][22]. Group 4: Future Outlook - The recent market volatility raises questions about whether the declines in tech stocks and precious metals will lead to further panic selling. However, the influx of funds into bank stocks suggests a potential shift in market sentiment [23].

Core Viewpoint - A significant market shift is occurring, characterized by a mass exodus of funds from technology and precious metals sectors, with a notable influx into bank stocks as a safe haven amid rising panic and volatility [2][5][21]. Group 1: Market Dynamics - The U.S. tech stocks experienced a sharp decline, with the Nasdaq dropping over 2%, and major companies like Nvidia, Meta, and Tesla falling more than 3%. AMD saw a staggering drop of 17.3%, marking its largest single-day decline in nearly nine years [2][5]. - Panic spread to A-shares and Hong Kong stocks, with sectors like solar energy and oil equipment witnessing significant sell-offs. Precious metals, which had recently rebounded, also faced a sharp decline, with silver futures plummeting nearly 20% in a single day [3][5]. - The market turmoil was triggered by negative news affecting U.S. tech stocks, leading to a valuation bubble burst. Despite AMD's strong performance, its results fell short of the most optimistic analyst expectations, resulting in a drastic stock price drop [5][6]. Group 2: Bank Sector Resilience - In contrast to the broader market, the banking sector saw a rise, with A-share bank stocks collectively increasing by 2.1%. All 42 bank stocks closed in the green, with Xiamen Bank hitting a rare limit-up and several city commercial banks rising over 3% [3][15]. - Southbound funds significantly targeted bank stocks, with a net purchase exceeding 22 billion HKD, focusing on major banks like ICBC, CMB, and CCB as core investment targets [4][20]. - The banking sector is viewed as a "safe haven" due to its strong earnings growth and historically low valuations, making it an attractive option for risk-averse investors [21][22]. Group 3: Earnings and Valuation - Recent earnings reports from several banks indicate robust growth, with Qingdao Bank, Hangzhou Bank, and Shanghai Pudong Development Bank showing significant increases in net profits. For instance, Qingdao Bank reported a net profit of 51.88 billion CNY, a 21.66% year-on-year increase [23][25]. - The banking sector has undergone a six-month correction, leading to a new valuation bottom. The sector's price-to-earnings ratio stands at a low 6.7 times, and the average dividend yield is between 4.87% and 5.2%, making it appealing in a low-interest-rate environment [27][28]. - Institutional interest in bank stocks is rising, with over 370 institutions conducting research on 11 listed banks, indicating a strategic shift towards these stocks amid market volatility [28][29].