Shanghai Stock Exchange: 408 Shanghai-listed companies declared mid-year dividends in the first half of the year, with a total cash dividend of 555.2 billion yuan.

According to the Shanghai Stock Exchange, in the first half of 2025, the total operating income of Shanghai-listed companies reached 24.68 trillion yuan, a slight decrease of 1.3% year-on-year; net profit was 2.39 trillion yuan, an increase of 1.1% year-on-year; non-recurring net profit was 2.29 trillion yuan, an increase of 0.7% year-on-year. The upward trend was maintained between quarters, with operating income and net profit in the second quarter increasing by 6.1% and 0.1% respectively compared to the previous quarter. Mid-term dividends hit a new high, with 408 Shanghai-listed companies announcing mid-term dividends totaling 555.2 billion yuan in cash, a 12% and 5% increase respectively year-on-year. 14 companies distributed dividends of over 10 billion yuan. The total R&D investment of physical enterprises was 432.6 billion yuan, an increase of 1% year-on-year; the total R&D investment of Sci-Tech Innovation Board companies was 84.1 billion yuan, a 6% increase, with R&D investment accounting for a median of 13%, leading the A-share market. The operating net cash inflow of physical enterprises was 1.11 trillion yuan, an increase of 32% year-on-year, with net profit cash content reaching 103%, an increase of 26.2 percentage points year-on-year.