In 2024, the dividend payout ratio of A-share privately owned enterprises reached 47.5%, hitting a new high in nearly 19 years.

In 2024, the Shanghai and Shenzhen Stock Exchanges launched the special actions of "Quality Improvement, Efficiency Enhancement, Return Increase" and "Quality and Return Double Enhancement". A-share private enterprises quickly took action, with a significant increase in their willingness to distribute dividends. The number of companies participating in dividend distribution increased significantly, and the dividend payout ratio also increased. According to statistics, the proportion of A-share private enterprises participating in dividend distribution in 2023 and 2024 has increased to over 70%. From 2015 to 2024, the total amount of dividends distributed by A-share private enterprises has increased year by year, exceeding 450 billion yuan in 2024. The dividend payout ratio of A-share private enterprises reached 47.5% in 2024, reaching a new high in nearly 19 years. In terms of individual companies, Midea Group, CATL, and BYD ranked among the top three in terms of dividend distribution by A-share private enterprises in 2024, all exceeding 10 billion yuan. Among them, Midea Group broke the 100 billion yuan mark for the first time in dividend distribution in 2019, reaching nearly 27 billion yuan in 2024, with a dividend payout ratio of nearly 70%, setting new highs in both dividend amount and payout ratio in 2024. BYD broke the 100 billion yuan mark in dividend distribution for the first time in 2024. Among A-share private enterprises that have been consistently distributing dividends over the past 10 years, Golden Eagle Co., Ltd., Jiangnan High Fibre, and Red Bean Co., Ltd. have a cumulative dividend payout ratio of over 100% in the past 10 years; Longi Green Energy, Focus Technology, and Zhongdi Electromechanical have a cumulative dividend payout ratio of over 80% in the past 10 years.