Jin10 data reported on August 31, the total operating income of Shanghai Stock Exchange companies reached 24.68 trillion yuan in the first half of 2025, a slight decrease of 1.3% year-on-year; net profit was 2.39 trillion yuan, a year-on-year increase of 1.1%. The mid-term Dividend reached a new high. In the first half of the year, 408 companies listed on the Shanghai Stock Exchange declared mid-term Dividends, with a total cash Dividend amounting to 555.2 billion yuan, an increase of 12% and 5% year-on-year respectively. 14 companies had Dividend amounts exceeding 10 billion yuan. The total R&D investment of实体企业 was 432.6 billion yuan, a year-on-year increase of 1%; the total R&D investment of 科创板 companies was 84.1 billion yuan, a year-on-year increase of 6%, with a median proportion of R&D investment of 13%, continuing to lead all zones in A-shares. The net cash inflow from operating activities of实体企业 was 1.11 trillion yuan, a year-on-year increase of 32%, with net profit cash content reaching 103%, an increase of 26.2 percentage points year-on-year.