383 Companies on STAR Market Released Half-year Reports on "Corporate Value and Return Enhancement" Initiative

Edited and Translated from Xinhua Finance


Since the launch of Shanghai Stock Exchange's "Corporate Value and Return Enhancement" Initiative, 431 companies on the STAR Market have disclosed their action plans for 2024, covering over 70% of the board. Among them, 383 companies have released their semi-annual assessment reports regarding these action plans.

Strengthening core business and enhancing operational efficiency and profitability are fundamental to the high-quality development of listed companies. Montage Technology Co., Ltd. stated that it aims to improve operational quality and core competitiveness by consolidating its leading position in memory interface chips and promoting the large-scale shipment of high-performance "workhorse" chips. Willfar Information Technology Co., Ltd. mentioned that the company participated in active international exchange and cooperation in the first half of 2024 and saw positive results. Many companies have focused on optimizing financial management while formulating their plans.

Companies on the STAR Market consistently adhere to innovation-driven development. In 2023, R&D investment on the board reached a new high, totaling RMB 156.1 billion, a year-on-year increase of 14%, exceeding the annual net profit of nearly RMB 80 billion. The median proportion of R&D investment to operating income was 12%, and the percentage of R&D personnel among total employees exceeded 30%. Companies such as Anhui XDLK Microsystem Corporation Limited and Wuxi Autowell Technology Co., Ltd. indicated that they have continuously increased R&D investment in the first half of 2024.

Companies on the STAR Market participating in the initiative have generally increased their annual dividend distribution for 2023, with nearly 80% disclosing their dividend distribution plans. Recently, another 80 companies announced their interim dividend distribution plans for 2024. Share repurchases and increases, as important components of the initiative, have also gained significant attention from related companies.

Excerpted from Xinhua Finance on October 25, 2024

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The above information is provided for reference purposes only and does not constitute investment advice.