Strengthening Investor Returns with "True Gold and Silver"
Shanghai Securities News reporter Wu Shaolong
Recently, the China Stock Exchange Association released its list of top-performing listed companies for cash dividends in 2025, covering total dividend payments, dividend payment rate, and dividend yield. The release not only provides a comprehensive review of listed companies' dividend performance but also reflects the importance of perfecting the mechanism for investor returns in the capital market, with far-reaching implications.
The list's compilation principles demonstrate the deep integration of regulatory guidance and market demand. On one hand, it sets a benchmark for compliance, setting "red lines" to ensure the authenticity and reliability of dividend payments; on the other hand, it prioritizes continuous dividend payments, focusing on long-term evaluations and guiding enterprises and investors to share growth dividends together. The list also balances absolute and relative indicators, encouraging companies of different scales to develop dividend habits. Three logical threads intertwined, safeguarding market bottom lines, activating long-term value, and enhancing investor returns.
In recent years, the capital market's dividend situation has presented a trend that is pleasing to see. Behind this trend are the steady improvement of listed companies' operating performance and the increasing emphasis on investor returns. This trend allows investors to have greater confidence in companies' future development and provides strong support for the stable operation of the market. Companies like Ningde Times, representing new industries, are also gradually increasing their dividend intensity, reflecting the optimization and upgrading of the capital market's industrial structure, with different sectors actively implementing investor return concepts.
Of course, it is also necessary to be aware that some companies still have a relatively weak sense of dividends or need to improve their dividend stability. Even abnormal dividend behavior may exist. This requires regulatory authorities to further strengthen supervisory efforts and enhance institutional constraints; listed companies themselves should sincerely establish the concept of returning investor returns and refine dividend mechanisms; investors should also continually improve their investment literacy and professional judgment abilities. The three parties working together will drive the upgrading of the A-share dividend ecosystem.
Looking ahead, with policy guidance, regulatory promotion, and main bodies' joint efforts, it is believed that more and more listed companies will join the ranks of actively paying dividends, solidifying investor returns with "true gold and silver," making the capital market a vital platform for investors to share economic development outcomes, and contributing to China's capital market advancing towards high-quality development.