On the day of the release, the company organized securities, finance, business and other personnel to study carefully, and combined with the company's work for exchanges and communication. On April 14, the relevant person in charge of Sany Heavy Industry said, "The company will comprehensively improve the quality and investment value of listed companies, and strive to return investors." ”
On April 12, the "Several Opinions of the State Council on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Capital Market" (hereinafter referred to as the "Opinions" and the new "National Nine Articles") was publicly released, which is a guiding document for the capital market issued by the State Council again after the two "National Nine Articles" in 2004 and 2014, drawing a grand blueprint for the high-quality development of the capital market.
After the release of the new "National Nine Articles", a number of Shanghai-listed companies quickly organized learning and expressed that they would resolutely implement the relevant requirements of the new "National Nine Articles" and continue to promote the high-quality development of listed companies.
Yuyuan Co., Ltd. has been listed since 1992 and is one of the "old eight shares" in China's capital market, and it is also the only old eight shares whose name and main business have not changed. "As a practitioner of China's capital market, the company will actively carry out the study of the new 'National Nine Articles', pay close attention to the national macro policy and regulatory guidance, and pay close attention to the compliance corporate governance and strictly abide by the red line of information disclosure internally. The relevant person in charge of Yuyuan shares said.
Tongwei shares related to the company also said that the company was listed on the main board of the Shanghai Stock Exchange in 2004, and has grown together with the mainland capital market for many years, and the company is deeply excited by the issuance of the "Opinions", and is full of confidence and expectations, "The "Opinions" not only reflects the requirements and encouragement of the state and regulatory authorities for the capital market and listed companies, but also injects confidence into the compliance and excellent participants who have been rooted in the market. ”
Effectively improve the quality of the company and help the development of the capital market
The new "Nine Articles" have clearly defined the medium- and long-term development goals of the mainland's capital market. In the next five years, an overall framework for the high-quality development of the capital market will be basically formed. At that time, the institutional mechanism of investor protection will be more perfect, the quality and structure of listed companies will be significantly optimized, and the formation of a good ecology of the capital market will be accelerated.
ICBC will thoroughly study and implement the spirit of the new "National Nine Articles", compare the deployment requirements of the regulatory authorities, focus on promoting the construction of a financial power and serving the overall situation of Chinese-style modernization, and do a solid job in the "Five Major Articles", and at the same time deeply grasp the main connotation of the high-quality development of the capital market, and help build a safe, standardized, transparent, open, dynamic and resilient capital market.
"The new 'National Nine Articles' will bring new development opportunities for listed companies, and also provide strong support for the long-term healthy development of the capital market. "In the context of the current recovery of the hotel industry, the company will anchor its strategic goals, promote digital transformation and ESG comprehensive practice, solidly cultivate its internal strength, enhance its investment value, and work with regulators and market parties to promote the high-quality development of the capital market." ”
With the implementation of the new "National Nine Measures", a number of Shanghai companies believe that the capital market will steadily develop into a platform for optimizing resource allocation and assisting technology and practical innovation.
The relevant person in charge of CRRC said that as a listed company controlled by a central enterprise, CRRC will give full play to the role of the capital market, comprehensively build a new industrial development pattern of "double tracks and double clusters" of rail transit equipment and clean energy equipment, further enhance core functions, improve core competitiveness, and achieve high-quality development of the company.
The relevant person in charge of SIPG also said that SIPG will carefully study the "Opinions", and continue to promote the high-quality development of listed companies with full and transparent information disclosure, multi-channel investor interaction, and active, sustainable and stable cash dividend policy, "In recent years, the company's performance has achieved sustainable growth, the container throughput of Shanghai Port has ranked first in the world for 14 consecutive years, and the net profit attributable to the parent company has exceeded 10 billion yuan for three consecutive years." ”
Loongson Zhongke, a company on the Science and Technology Innovation Board, said that it will give full play to the advantages of the core technology of hard technology enterprises, deepen the main business, standardize governance, enhance the competitiveness of enterprises in an all-round way, return shareholders and society, and promote enterprises to become an important micro foundation for high-quality economic development.
The securities market is an important part of the capital market, and listed companies, as one of the main bodies of the securities market, should also strictly regulate their own behavior. The new "National Nine Articles" point out that it is necessary to strictly rectify violations of laws and regulations in key areas such as financial fraud and capital occupation, and urge listed companies to improve their internal control systems.
Milkyway said that the company has always strictly implemented regulatory requirements, the company has an internal audit supervision department, and an external accounting firm is hired to conduct audits to strictly prevent possible financial fraud and fraud, and to ensure the health and authenticity of the company's financial data.
Increase cash dividends and continue to reward investors
The new "National Nine Articles" strengthen the supervision of cash dividends of listed companies, restrict the reduction of major shareholders and implement risk warnings for companies that have not paid dividends for many years or have a low dividend ratio. At the same time, enhance the stability, sustainability and predictability of dividends, and promote multiple dividends a year, pre-dividends, and dividends before the Spring Festival.
This policy has been echoed by Shanghai companies. The relevant person in charge of Goldstone Resources said that the new "National Nine Articles" emphasize the need to more effectively protect the legitimate rights and interests of small and medium-sized investors, and raise the concept of "building an investor-oriented capital market" to a new height, "the company is both deeply encouraged and feels greater responsibility".
According to reports, since the listing of Goldstone Resources, the annual cash dividends, multiple repurchases and increased holdings, the cumulative amount has been several times the amount of IPO financing, and this year the cash dividend ratio will be increased from about 30% to more than 50% per year. In the next step, the company will also formulate a feasible and steadily promoted quality and efficiency improvement plan from the dimensions of main business, technological innovation, and investor returns, so that investors can not only enjoy the growth dividend brought by the company's rapid growth, but also the "stable happiness" from the dividend return.
The relevant person in charge of Jin Jiang Hotel revealed that since 2000, the company's dividend rate has continued to remain above 50%. According to the 2023 annual report, Jin Jiang Hotels plans to distribute a cash dividend of 5.00 yuan (tax included) for every 10 shares, and so far, the cumulative dividend amount since listing has exceeded 5 billion yuan. At the same time, the company proposed a medium-term dividend plan for the first time this year, and intends to increase the proportion of cash dividends in the first half of 2024, which is not less than 20% of the company's net profit attributable to minority shareholders in the current period.
"Through these measures, Jin Jiang Hotels will fundamentally enhance the investment value of listed companies, so as to guide more investors to make value investments and attract high-quality shareholders. The relevant person in charge of Jin Jiang Hotel said.
The relevant person in charge of Yuyuan Co., Ltd. said that the company will prudently formulate and implement effective measures such as cash dividends, share repurchases, and market value management of listed companies, deepen the operation of the real industry, and build and practice a listed company with high-quality development.
Since its listing in 2003, Sany Heavy Industry has paid a cumulative dividend of 24.37 billion yuan, of which 15.902 billion yuan has been paid in the past five years. The company said that in the future, the company will insist on providing investors with continuous and stable cash dividends under the premise of ensuring normal operation, and implement dividends multiple times a year to bring long-term investment returns to shareholders.
The relevant person in charge of China Mobile said that for more than 20 years since its listing, the company has insisted on cash dividends twice a year, with a cumulative dividend of HK $1.2 trillion. The company's profit distributed in cash in 2023 will increase to 71% of the profit attributable to shareholders of the company in that year, and from 2024, the company's profit distributed in cash will gradually increase to more than 75% of the profit attributable to shareholders in the current year within three years.
Take multiple measures to enhance investment value and boost market confidence
The new "National Nine Articles" also proposes to promote listed companies to enhance their investment value. Guide listed companies to repurchase shares and cancel them in accordance with the law. Encourage listed companies to focus on their main business, and comprehensively use mergers and acquisitions, equity incentives, etc. to improve the quality of development.
In this regard, China Mobile revealed that the company will increase the leadership of science and technology innovation internally, shape new momentum and new advantages for high-quality development, and externally enhance market recognition and take multiple measures to promote value realization. In the past two years, the group company has increased its holdings of shares of listed companies by 3 billion yuan, completed the commitment of the actual controller to increase its holdings of A-shares, and carried out repurchases in a timely manner, and has repurchased and cancelled about 17.8 million shares of Hong Kong stocks, which has effectively boosted market confidence.
At the same time, the company actively guides the market to change the valuation logic, tells the company's transformation and development story, fully conveys the results of transformation and development, and changes the valuation model to a direction that can better reflect the company's technological innovation, digital and intelligent transformation, scale efficiency and other values. The relevant person in charge of China Mobile said.
Chifeng Gold said that in the early stage, the company has effectively maintained investors' confidence in the company's future development through good management and performance, share repurchase, executive increase and other measures, and at the same time, the company has formulated an action plan of "improving quality, efficiency and return", and will continue to promote the implementation, and form a strong synergy with all parties involved and investment institutions to jointly promote the company's high-quality development.
"The company will continue to improve the quality of information disclosure, strengthen investor communication, convey the company's investment value, effectively ensure that investors have a full understanding of the company's information, and promote the establishment of a long-term, stable and mutually trusting relationship between the company and investors. Chifeng Gold said.
The relevant person in charge of Sany Heavy Industry said that the company will promote listed companies to enhance their investment value. Among them, in terms of repurchasing shares, it plans to repurchase 600 million to 1 billion yuan in 2024 (288 million yuan has been repurchased), and in the future, the company intends to repurchase shares as the company's annual routine work, and actively respond to the call to cancel according to law. In terms of the implementation of employee incentives, in the future, the company will fully mobilize the enthusiasm and creativity of the company's employees through the continuous implementation of employee stock ownership plans and equity incentives, and strive to combine the interests of shareholders, the company and the personal interests of employees to enhance the company's value. Focusing on the main business, the company's overseas sales revenue has accounted for 60% of the company's overall sales revenue, and its products have covered more than 180 countries and regions overseas.
Editor-in-charge: Li Dan
Proofreading: Yang Lilin
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