On the first trading day after the holiday, the dividend strategy was clearly strengthened, and the China Securities Dividend Index closed up more than 1% against the market. Historical data shows that in the past ten full years, the dividend strategy performed well in the fourth quarter. Of these, the China Securities Dividend Index recorded an increase in the fourth quarter of six years, with an increase of 60%. According to Databao statistics, there are more than 200 companies with a dividend rate of at least 30% mentioned in the 2026 shareholder return plan, and 25 shares forecast dividend rates of more than 4% in 2026. Judging from the stock price performance, the 25 stocks mentioned above have fallen by an average of 1.59% since September, outperforming the performance of all major indices over the same period. Among them, individual stocks such as Bank of Communications, Youyou Foods, and Sichuan Chengyu all reversed the market and rose more than 5%. The biggest declines were concentrated in cyclical sectors such as energy and non-ferrous metals. Individual stocks such as Tianshan Aluminum, Jiahua Energy, and Dongwu Securities all fell by more than 5%. According to the 2026 semi-annual report position data, 12 out of 25 shares were heavily insured, with individual stocks such as Kweichow Moutai, Bank of Communications, and Sichuan Road and Bridge all held more than 1 billion yuan in market value at the end of the period; 6 shares received heavy social security positions, and individual stocks such as Bank of Communications, Jianghe Group, and Sinoma International had a market value of over 100 million yuan at the end of the period. Individual stocks such as Bank of Communications, Sinoma International, and China Steel International also received heavy positions from social insurance funds.

On the first trading day after the holiday, the dividend strategy was clearly strengthened, and the China Securities Dividend Index closed up more than 1% against the market. Historical data shows that in the past ten full years, the dividend strategy performed well in the fourth quarter. Of these, the China Securities Dividend Index recorded an increase in the fourth quarter of six years, with an increase of 60%. According to Databao statistics, there are more than 200 companies with a dividend rate of at least 30% mentioned in the 2026 shareholder return plan, and 25 shares forecast dividend rates of more than 4% in 2026. Judging from the stock price performance, the 25 stocks mentioned above have fallen by an average of 1.59% since September, outperforming the performance of all major indices over the same period. Among them, individual stocks such as Bank of Communications, Youyou Foods, and Sichuan Chengyu all reversed the market and rose more than 5%. The biggest declines were concentrated in cyclical sectors such as energy and non-ferrous metals. Individual stocks such as Tianshan Aluminum, Jiahua Energy, and Dongwu Securities all fell by more than 5%. According to the 2026 semi-annual report position data, 12 out of 25 shares were heavily insured, with individual stocks such as Kweichow Moutai, Bank of Communications, and Sichuan Road and Bridge all held more than 1 billion yuan in market value at the end of the period; 6 shares received heavy social security positions, and individual stocks such as Bank of Communications, Jianghe Group, and Sinoma International had a market value of over 100 million yuan at the end of the period. Individual stocks such as Bank of Communications, Sinoma International, and China Steel International also received heavy positions from social insurance funds.