A few days ago, the "Several Opinions of the State Council on Strengthening Supervision and Risk Prevention and Promoting the High-quality Development of the Capital Market" (referred to as the "New "National Nine Articles") was publicly released, clarifying the roadmap and task book for promoting the improvement of the quality of listed companies, and drawing a medium and long-term roadmap for the high-quality development of China's capital market.
The direction is set, and listed companies are striving to be the first. The reporter learned that after the release of the new "National Nine Articles", Shenzhen Stock Exchange actively organized learning, and combined with the company's work, discussed how to fully implement the requirements of the new "National Nine Articles", effectively improve the quality of listed companies, and help the high-quality development of the capital market.
Promote listed companies
High-quality development
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 quality and structure of listed companies will be significantly optimized, and the formation of a good ecology of the capital market will be accelerated.
The relevant person in charge of iFLYTEK said that in view of the contradictions and potential risks exposed by the development of the capital market for many years, the "National Nine Articles" will "strengthen supervision and prevent risks" as the core task, highlight the whole chain supervision and enhance the investment value of listed companies, and continue to make efforts in the three aspects of strict listing, strict and continuous supervision, and increased delisting supervision, so as to orderly promote the resolution of the deep-seated contradictions accumulated in the capital market for a long time and build a healthy and sustainable capital market.
Among them, in terms of strict supervision of listed companies, the relevant person in charge of iFLYTEK believes that this will help promote the continuous improvement of investment value of listed companies. By strengthening information disclosure and corporate governance supervision, building a comprehensive punishment and prevention system for anti-counterfeiting and anti-counterfeiting in the capital market, comprehensively improving the system of shareholding reduction rules, and strengthening the supervision of cash dividends of listed companies, the investor-oriented orientation has been further strengthened.
The relevant person in charge of Guoxuan Hi-Tech said that the new "National Nine Articles" put forward a series of policies in many aspects, such as improving the issuance and listing system, strengthening continuous supervision, and improving the delisting system, which provides a strong policy guarantee for enhancing the stability of the capital market and promoting the high-quality development of listed companies.
"The new nine articles of the new series of regulatory measures are aimed at providing a healthier and more orderly market environment for listed companies. In the view of the relevant person in charge of JA Solar, this also requires listed companies to pay more attention to social responsibility and sustainable development in the process of operation, and actively fulfill their commitments to investors, employees and society.
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Important Takeaways and Guidance
As a representative enterprise in the photovoltaic industry, the relevant person in charge of JA Solar believes that the new "National Nine Articles" provide important inspiration and guidance in terms of the supervision and high-quality development of listed companies.
"'Strict continuous supervision of listed companies' is an important measure to ensure the standardized operation of listed companies and protect the interests of investors. The relevant person in charge of JA Solar Technology said that as a public company, the standardization and transparency of the operation of listed companies are directly related to the fairness of the market and the confidence of investors. For listed companies, strict compliance with this regulation not only helps to maintain the company's market image and reputation, but also enhances investors' trust in the company, thereby enhancing the company's value. At the same time, it also requires listed companies to pay more attention to risk management and internal control in their daily operations to ensure the steady development of the company.
In addition, the relevant person in charge of JA Solar also believes that Article 9 of the new "National Nine Measures" "promotes the formation of a joint force to promote the high-quality development of the capital market" points out the direction of high-quality development for photovoltaic enterprises, and is the expectation and guidance for the high-quality development of listed companies.
"At present, overcapacity is an important problem faced by the photovoltaic industry, with fierce market competition and compressed profit margins. However, this does not mean that PV companies should give up the pursuit of high-quality development. On the contrary, it is in this context that photovoltaic companies should actively respond to the call of the new "National Nine Articles", not only focusing on short-term market share and output expansion, but also focusing more on enhancing the company's core competitiveness through continuous innovation and reform, and focusing on long-term development. The relevant person in charge of JA Solar said.
The policy measures of the new "National Nine Articles" on "further deepening reform and opening up in an all-round way and better serving high-quality development" put forward to enhance the inclusiveness of new industries, new forms of business and new technologies, better serve the implementation of national strategies such as scientific and technological innovation, green development, and reform of state-owned assets and state-owned enterprises, and promote the development of new quality productivity.
The relevant person in charge of Guoxuan Hi-Tech said that as one of the world's leading power battery enterprises, the company will be based on the power lithium battery business, accelerate the expansion of energy storage business, improve the layout of the whole industry chain, actively participate in global competition, and build an energy science system based on material science and digital science;
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Shenzhen enterprises responded quickly
With the promulgation and implementation of the new "National Nine Articles", how to further implement the relevant requirements, refine the roadmap, and promote the implementation of various goals has become one of the main tasks of listed companies in the Shenzhen Stock Exchange.
Guoxuan Hi-Tech said that the company will focus on the development of its main business, adhere to innovation-driven development, accelerate the formation of new quality productivity, enhance the investment value of enterprises, and work with regulators and other parties to promote the high-quality development of the capital market.
JA Solar said that the company will conscientiously understand and implement the relevant recommendations of the new "National Nine Measures", actively respond to regulatory policies, seize opportunities, and continuously improve its quality and competitiveness. Especially in the face of multiple challenges such as overcapacity in the photovoltaic industry, price wars in the industrial chain, and pressure on profits, we will unswervingly adhere to the main line of high-quality development.
According to reports, as a photovoltaic benchmark enterprise, JA Solar previously released an action plan of "double improvement of quality and return", which always pays attention to the long-term interests of investors while promoting the development of the enterprise. Since officially landing in the capital market in 2019, the company has paid dividends of more than 1.1 billion yuan in three years, accounting for about 12.52% of the cumulative net profit attributable to shareholders of listed companies during the period, and the cumulative profits distributed in cash in the past three years account for 37.57% of the average annual distributable profits realized in the last three years. The company also shares the company's development results with investors through the conversion of capital reserve into share capital.
As a leading enterprise in the artificial intelligence industry in mainland China, iFLYTEK said that the company will actively grasp the new and healthy capital market environment brought about by the new "National Nine Measures", adhere to the standardized operation of listed companies, and actively rely on the broad platform of the capital market to exert value management, continue to strengthen the core competitiveness of the enterprise, improve the main performance, and continue to seek long-term good returns for investors.