Shenzhen "Double Upgrading": 471 companies take the lead in action, with the proportion of dividends to net profit increasing by nearly 11 percentage points in two years.

In February of last year, the Shenzhen Stock Exchange officially launched the "double improvement of quality and returns" special action, aimed at promoting all listed companies to solidify their development quality and enhance their investment return capabilities. As of the end of November 2025, 471 Shenzhen-listed companies have disclosed their action plans, proposing a series of measures around enhancing core business awareness, improving innovative development capabilities, and increasing investor returns. In terms of returning levels to investors, data shows that from 2022 to 2024, the compound annual growth rate of the total annual dividend amount of "double-improvement" companies in Shenzhen was 10.0%. In 2024, the dividend amount as a proportion of net profit was 43.6%, an increase of 10.9 percentage points from 2022; the dividend amount as a proportion of the total dividend amount in Shenzhen was 60.8% in 2024, an increase of 3.7 percentage points from 2022. Dividend amount, proportions, and the proportion in Shenzhen have steadily increased. About 80% of companies have consistently paid dividends in the last three years, setting an example in enhancing the stability, continuity, and predictability of dividends, boosting market confidence.