中文：

股票送股市的时间点并非固定，它受到多种因素的影响，包括公司的经营情况、市场环境、以及投资者的心理预期等。通常，公司在年报或半年报公布后，如果业绩良好，可能会选择送股作为回馈投资者的一种方式。此外，当股价处于相对低位时，公司也可能会通过送股来提振股价，吸引更多投资者。然而，送股也可能会导致股价的稀释，因此，公司需要谨慎权衡利弊，做出最佳的决策。

另一方面，投资者在考虑股票送股的时间点时，也需要结合市场走势和公司基本面进行分析。如果市场处于牛市，投资者可能会更偏向于持有股票，等待送股后的股价上涨。而在市场处于熊市时，投资者可能会更加谨慎，需要考虑送股后股价的波动以及公司的长期发展前景。

总的来说，股票送股市的时间点是一个复杂的问题，需要综合考虑多种因素。无论是公司还是投资者，都需要对市场有深入的了解，才能做出明智的决策。

英文：

The timing of stock dividend distribution is not fixed, as it is influenced by various factors such as the company's operational performance, market environment, and investors' psychological expectations. Typically, after announcing its annual or half-year results, a company with strong performance may choose to distribute stock dividends as a way to reward its investors. Additionally, when the stock price is relatively low, a company may also decide to distribute stock dividends to boost the share price and attract more investors. However, stock dividends can also lead to share dilution, so companies need to carefully weigh the pros and cons before making the best decision.

On the other hand, investors also need to consider market trends and the company's fundamentals when deciding on the timing of stock dividend distribution. In a bull market, investors may prefer to hold onto their shares, anticipating a rise in share price after the dividend distribution. In contrast, during a bear market, investors may be more cautious and need to consider the fluctuations in share price following the dividend distribution as well as the company's long-term development prospects.

Overall, the timing of stock dividend distribution is a complex issue that requires comprehensive consideration of various factors. Both companies and investors need to have a deep understanding of the market to make informed decisions.