Securities Times｜SSE Holds a Symposium on Market Value Management and Return Enhancement for SSE-listed Companies

Since the Shanghai Stock Exchange (SSE) launched the initiative of "corporate value and return enhancement", SSE-listed companies have actively promoted the implementation of targeted actions and achieved positive results. Recently, SSE held the Symposium on Corporate Value and Return Enhancement for SSE-listed Companies to carry out in-depth discussions around market value management and improving quality and efficiency. At the symposium, a senior leader of COSCO Shipping Holdings said that the company has actively responded to the "corporate value and return enhancement" initiative. Since the implementation of the plan, COSCO Shipping Holdings has continuously improved its operation quality and profitability. In the first three quarters of this year, the company's operating income, net profit, and other indicators have significantly increased year-on-year. The upper management of NARI Technology put that the company has actively carried out the dividend repurchase, with a total dividend payment of nearly RMB 10 billion in the past three years and an average annual dividend ratio of more than 47%. The Chair of Sailun said that the special actions have made positive changes in improving the operation quality and enhancing the shareholder returns. In the first three quarters of 2024, it ranked first among listed companies in China's tire industry with significant advantages in operating income and net profit. Companies such as Jiangsu Phoenix Publishing & Media, Loongson Technology, and Shanghai Electric Wind Power Group also introduced the relevant information within their companies.

Increasing R&D investment and actively cultivating new quality productive forces are also important pathways for SSE-listed companies to transform and upgrade and improve their quality and efficiency. COSCO Shipping Holdings focuses on the new track of "green and low-carbon" and "digital intelligence", accelerating its layout in cultivating new quality productive forces. Nanomicro Technology launched a solution for an organic solvent-resistant membrane recovery system, which marks a breakthrough in medicine application area. Companies such as Sailun, Autowell, and Haitian Water Group have also intensified their efforts to cultivate new quality productive forces.

At the symposium, leaders of participating listed companies offered their advice and suggestions on optimizing the market value management mechanism as well as improving the corporate value and return enhancement incentive mechanism. SSE listened carefully to the opinions and suggestions from the listed companies and interpreted the applicable policies. The relevant head of SSE said that it is highly anticipated that the listed companies could seize the policy-driven opportunities and focus on innovative development and standardized operations to effectively improve the quality and investment value.

Excerpt translated from Securities Times on December 2, 2024

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