"Dividend distribution, share repurchase, and increased holdings go hand in hand, bolstering the confidence of A-share value investors."

In 2025, the disclosure of annual reports has entered a peak period, with A-share listed companies embarking on a wave of dividend payouts, buybacks, and share repurchases. According to Wind data, as of April 23 when the article was written, over 3000 listed companies have already released their 2025 annual reports, with over 2000 of them planning annual dividends. Additionally, over a hundred listed companies have already set their sights on mid-year dividends for 2026. At the same time, there has been a flurry of buybacks and share repurchases as listed companies prioritize enhancing investor relations. Market experts believe that during the "Fifteenth Five-Year Plan" period, regulatory bodies will encourage listed companies to improve governance levels, strengthen dividends and buybacks, and continuously enhance investment value and investor returns. The related policy direction is providing increasingly strong support for value investing in A shares. In the future, more listed companies and major shareholders are expected to continue increasing their dividend payouts, buybacks, and shareholdings. By improving management capabilities and willingness to enhance market value, this will create a positive cycle and feedback loop for shareholder equity, market value of listed companies, and optimization of shareholder structure.