The 2024 annual report disclosure of A-share listed companies has ended. As of the time of press, 5304 companies have disclosed their 2024 annual reports, of which 2546 companies have achieved a year-on-year increase in net profit attributable to shareholders of listed companies. The annual report shows that listed companies are accelerating the forging of new quality productivity, and strategic emerging industries have become the core driving force for transformation, injecting surging momentum into the Chinese economy towards a new, intelligent, and future direction. From the perspective of industries at the Shenwan level, the performance of listed companies in agriculture, forestry, animal husbandry, fishery, non bank finance, electronics, transportation, automobiles, household appliances, communications, commercial and retail, food and beverage, public utilities, non-ferrous metals and other industries has rebounded significantly. Among them, the breeding and feed sectors in agriculture, forestry, animal husbandry, and fishery, the optical optoelectronics, components, consumer electronics, and semiconductor sectors in the electronics industry, and the aviation airport and shipping port sectors in transportation saw the highest year-on-year increase in net profit. Listed companies continue to increase their R&D investment, consolidate technological barriers, and enhance the core competitiveness of their products. Amidst the wave of AI, listed companies are embracing AI technology, valuing research and development investment in the AI field, and seizing market opportunities. In terms of R&D investment, Wind data shows that 4256 listed companies have disclosed R&D investment related amounts, totaling approximately 1.59 trillion yuan. Among them, BYD once again topped the annual R&D investment list of A-share listed companies with 54.16 billion yuan, followed closely by China State Construction Engineering Corporation, China Mobile, China Petroleum, and China Railway Group. Stable dividends enhance company value. From the perspective of dividends, 5294 listed companies have released their 2024 profit distribution plans. Among them, 3638 companies plan to distribute cash dividends, accounting for 68.68%, with a total planned dividend of 1.65 trillion yuan. Excluding financial stocks, China Mobile, PetroChina, China Shenhua, Kweichow Moutai, CNOOC, Midea Group and other companies are among the top companies in terms of the proposed dividend amount. According to Wind data, the overall dividend yield of A-shares is 2.56%. By industry, the coal industry accounts for 5.97%, the banking industry for 4.83%, the petroleum and petrochemical industry for 4.53%, the textile and apparel industry for 4%, and the steel industry for 3.82%. Bai Wenxi, Vice Chairman of the China Enterprise Capital Alliance, told China Securities Journal reporters that dividends can provide shareholders and investors with cash returns, increasing cash flow and investment returns for investors. Stable dividends can enhance the value of listed companies, increase market attractiveness, boost investor confidence, and further stabilize the capital market. Companies with high dividend yields are favored by institutions and investors, and related stocks are expected to continue to strengthen. The pursuit of dividend assets will become a long-term trend. As of the time of press, 5280 listed companies have disclosed their first quarter reports for 2025, of which 2903 companies have achieved a year-on-year increase in net profit attributable to shareholders of the listed companies. Industries such as agriculture, forestry, animal husbandry, and fishery, steel, building materials, computers, non-ferrous metals, media, electronics, and mechanical equipment have shown significant recovery. It is not difficult to see from these industry characteristics that in the first quarter of 2025, the sectors with significant recovery will mainly be concentrated in traditional industries. (New Society)