时代锐评丨分红、回购双杀概念炒作，A股信心不靠喊话靠真金白银_老虎社区_美港股上老虎

时代锐评丨分红、回购双杀概念炒作，A股信心不靠喊话靠真金白银

时代周报09-14

近期，A股市场出现了一个值得关注的积极变化，炒概念、炒谐音梗的情绪明显降温，取而代之的是市场越来越关注上市公司增持回购动作。　　一批A股上市公司日前密集发布股份增持、回购安排，向市场传递积极信号。　　海尔智家（600690.SH）已回购20.98亿元，公司计划回购规模在30亿元至60亿元；海天味业（603288.SH）计划自7月14日起12个月内回购10亿元至20亿元，目前已累计回购4.59亿元；...

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A-share confidence relies on real money, not just rhetoric.","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82846":0.6,"83130":0.6,"83188":0.6,"159982":1.5,"399300":1.5,"SLVP":1.5,"SETM":1.5,"ZSL":1.5,"SLVR":1.5,"PICK":1.5,"CEF":1.5,"PSLV":1.5,"SLJY":0.6,"VIG":1.5,"GBUG":1.5,"SIVR":1.5,"GOAU":1.5,"KSLV":1.5,"BEGS":1.5,"SILJ":1.5,"02846":0.6,"03188":1.5,"XME":1.5,"03130":0.6,"SLV":1.5,"GLTR":1.5,"02827":0.6,"07233":0.6,"AGQ":1.5,"SIL":1.5},"content_text":"近期，A股市场出现了一个值得关注的积极变化，炒概念、炒谐音梗的情绪明显降温，取而代之的是市场越来越关注上市公司增持回购动作。　　一批A股上市公司日前密集发布股份增持、回购安排，向市场传递积极信号。　　海尔智家（600690.SH）已回购20.98亿元，公司计划回购规模在30亿元至60亿元；海天味业（603288.SH）计划自7月14日起12个月内回购10亿元至20亿元，目前已累计回购4.59亿元；特宝生物（688278.SH）、石头科技（688169.SH）、乐鑫科技（688018.SH）、惠泰医疗（688617.SH）分别累计回购6.06亿元、3.18亿元、3.16亿元、3.00亿元。　　与此同时，中期分红规模再创历史新高。Wind数据显示，今年中期拟进行现金分红的A股公司达867家，中期现金分红公司数量再创历史新高。这一系列真金白银的市场动作也印证了，当下A股的稳定，不靠情绪炒作，靠的是扎实业绩、成熟治理与持续回流的长期资本。　　资本市场的短期波动往往受海外流动性、风险情绪牵引，但决定市场中枢与运行韧性的永远是内部基本面与生态质量。近期A股掀起的增持回购热潮是产业资本基于价值判断的理性回归。　　相较于口头喊话，市场最信服的永远是真金白银。当上市公司、大股东和高管层愿意拿出真金白银回购股份、增持自家股票，其传递的信号远比任何口头表态更具说服力。　　事实上，常态化、高比例的现金分红，正在重塑A股投资生态，彻底扭转短期投机风气，为市场源源不断沉淀长期资金。　　从数据看，2024年A股分红总额约2.4万亿元，2025年进一步增至2.61万亿元；2026年半年报中，已有856家公司实施中期现金分红，拟派现超7100亿元，连续创下历史新高。分红从过去的“可选项”变成了越来越多公司的“必答题”。　　伴随越来越多上市公司大比例分红，投资者能够通过分红获得可预期的稳定回报，越来越多投资者的投资逻辑从“炒预期”转向“看实绩”。过去投资者更多赚的是市场情绪、估值波动和题材轮动的钱，如今越来越多开始赚企业盈利、现金流和股东回报的钱。　　当然，回购增持与分红热潮的背后，离不开制度层面的持续引导与规范。近年来，监管部门不断完善上市公司分红回购制度，将分红与再融资、减持等行为挂钩，推动上市公司提升股东回报意识。　　随着上市公司质量持续提升、回报机制持续完善、长期资金持续入场，A股将进一步走出独立行情，以扎实的基本面底气、成熟的市场生态，穿越全球资本市场波动周期。　　炒概念的风潮终会退去，炒谐音梗的喧闹终会沉寂，唯有那些愿意用真金白银回报投资者的公司，才能赢得市场的长期信任。　　A股的未来，不在情绪的高潮与低谷之间，而在每一份扎实的业绩、每一次诚意的回购、每一笔持续的分红之中。当投资者目光回归到上市公司本身之时，A股的稳定与繁荣也就有了最坚实的底座。（文章来源：时代周报）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}