258 companies on the main board of the Shanghai Stock Exchange have launched an action plan of "improving quality and efficiency and emphasizing returns".

More and more companies in Shanghai are actively participating in the action of "improving quality, efficiency and return". On the evening of April 25, 10 main board companies in Shanghai, including Guodian NARI and Fuyao Glass, disclosed the 2024 action plan of "improving quality, efficiency and return", and launched specific measures from the aspects of continuing to build core competitive advantages, actively implementing share repurchases, and continuing cash dividends.

On March 22 this year, the Shanghai Stock Exchange issued an action initiative of "improving quality, efficiency and return" to all Shanghai companies, guiding listed companies to take multiple measures to improve the quality and profitability of their operations, and better play their main responsibilities to reward investors. The Shanghai Securities News reporter paid attention to the fact that up to now, 258 main board companies in Shanghai have launched the action plan of "improving quality and efficiency and focusing on returns", including 151 private enterprises and 84 central and local state-owned enterprises, covering a market value of more than 8 trillion yuan. Each company has formulated a targeted "roadmap" from the aspects of improving the quality and efficiency of operation, improving corporate governance, and strengthening investor returns, and implemented the specific requirements of the new "National Nine Articles" with practical actions.

Continue to create value

Positive rewards for investors

In this action plan, many companies have planned a practical path to promote high-quality development and create sustainable growth value for all shareholders.

Specifically, the sales volume of advanced steel materials in 2023 will be 2.5879 million tons, an increase of 25.15% year-on-year;

Yuntianhua plans to produce and sell 2,544,900 tons of urea, 4,541,500 tons of ammonium phosphate, 1,925,100 tons of compound fertilizer, 580,000 tons of feed-grade dicalcium phosphate, 106,000 tons of polyoxymethylene, and 30,200 tons of yellow phosphorus in 2024. The company said that it will continue to focus on the phosphorus chemical industry, stabilize the competitive advantage of the fertilizer industry, and promote the optimization and upgrading of products and industrial structure with innovative research and development.

"In terms of fruit and vegetable business, the company will continue to optimize all aspects of planting, acquisition, warehousing, processing and distribution, strengthen the quality of fruits and vegetables and the stability of the supply chain through refined management and technological innovation, and continuously improve the overall operational efficiency. At the same time, the company will focus on enhancing its core competitiveness in the fruit and vegetable business to lay a solid foundation for sustainable development. Honghui fruit and vegetable said.

At the same time, improving the level of governance is also one of the topics that the main board companies in Shanghai are focusing on.

According to Jinhui Liquor, the company has always taken the ESG concept as an important guiding standard for enterprise development, continuously explored and practiced the ESG concept, comprehensively built a development pattern of "ecological priority and green development", and strived to create a corporate culture of "co-creation and sharing". In the past three years, the company has continued to disclose its annual ESG report, and has successively won honors such as "2023 ESG Pioneer Practitioner of Listed Companies" and "Star of ESG Enterprise with Core Competitiveness".

In order to help the company's "key minority" firmly establish a sense of compliance and responsibility, CTG has prepared and issued the "Recommendations on Compliance Behavior of the Company's Directors, Supervisors, Senior Managers and More than 5% of Shareholders" to ensure that the relevant parties legally exercise their rights and diligently fulfill their obligations and commitments.

Rewarding investors is also an indispensable part of "improving quality and efficiency and emphasizing returns". Ganyue Expressway said that since its listing, the company has always adhered to the principle of actively rewarding investors and sharing operating results with all investors, and has implemented cash dividends every year, with an average cash dividend ratio of more than 30%, and a total cumulative cash dividend of more than 5.6 billion yuan, far exceeding the total equity financing of the company's capital market.

"In the future, the company will combine strategic planning, business status and investment plan, pay close attention to market value changes and market evaluation of the company's value, fully listen to investors' demands and suggestions, reasonably determine the company's cash dividend policy and cash dividend plan, and strive to create a 'long-term, stable and sustainable' shareholder value return mechanism. Ganyue Expressway said.

Guiguan Power said that the company firmly established the awareness of rewarding shareholders, enhanced the stability, timeliness and predictability of dividends, did a good job in annual dividend planning, took into account the company's development and shareholder returns, effectively guaranteed the dividend ratio and dividend yield, and formulated a reasonable and sustainable profit distribution plan. From 2020 to 2022, the three-year average dividend payout ratio of Guiguan Power is 68.25%, and the dividend payout ratio in 2024 will not be less than 70%.

Diversify business results

Enhance investors' sense of gain by increasing their holdings

According to statistics, as of April 25, a total of more than 370 companies on the main board of the Shanghai Stock Exchange have held 2023 annual report performance briefings. Many companies publicize the company's investment value through on-site interaction, live broadcast, video and other diversified ways to shorten the distance between them and investors.

On March 21, China Coal Holdings, a listed company, held its first collective performance briefing at the SSE Roadshow Center of the Shanghai Stock Exchange. China Coal Energy, Shanghai Energy, and Xinji Energy interpreted the 2023 annual results through on-site interaction, data charts, text interaction, etc., and discussed the development blueprint with investors.

On April 9, the "new quality productivity" theme week of the main board of the Shanghai Stock Exchange kicked off, and Anhui Heli, Yituo shares, Sifang Technology and Hongsheng shares carried out the first industry collective performance briefing focusing on high-end manufacturing on the trading floor of the Shanghai Stock Exchange, chatting with investors about the topic of new quality productivity, and realizing the good start of the "performance briefing theme week".

Yang Anguo, chairman of Anhui Heli, said that the company will use the technological revolution to give birth to new quality productivity, accelerate the extension and expansion of the high-end industrial vehicle industry chain, and further focus on high-end, intelligent and green development.

Wei Tao, general manager of YTO Co., Ltd., introduced that the company will adhere to independent innovation, strive to overcome the key technology of "stuck neck", and continuously introduce high-end and intelligent products urgently needed for agricultural production.

Sifang Energy Conservation, a wholly-owned subsidiary of the company, has obtained the American FM4881 certification for the application of PIR cold storage panels in exterior walls, filling the gap in the domestic industry and becoming the first FM certification enterprise in the industry to adopt the pentane system of PIR cold storage board products. Huang Jie, chairman and general manager of Sifang Technology, introduced the innovative achievements in 2023.

In addition, recently, various companies on the main board of the Shanghai Stock Exchange have also actively demonstrated their business results to investors in various ways such as live broadcasts and videos.

Lansheng Co., Ltd. held an annual performance briefing on April 11 to show new highlights of performance and business development. In 2023, the company achieved operating income of 1.422 billion yuan, an increase of 83.93% year-on-year, and net profit attributable to the parent company of 275 million yuan, an increase of 140.46% year-on-year.

As the first batch of exhibition enterprises that have passed the "Shanghai Brand" certification, the scale of Lansheng Co., Ltd. has reached a record high. In 2023, the company will harvest 50 projects as a whole. Among them, 18 projects were undertaken, 8 events were held, 11 large-scale forum projects were held, and 13 service projects were participated. A total of 1.12 million square meters of exhibition area was delivered throughout the year, serving more than 1.3 million professional visitors.

In addition, many shareholders of Shanghai-listed companies have increased their holdings to enhance investors' sense of gain, maintained the company's stock price with practical actions, and actively conveyed the signal of good operation.

According to statistics, as of April 25, 146 companies on the main board of the Shanghai Stock Exchange have increased their holdings in the existence, corresponding to the planned increase in holdings ranging from 14.262 billion yuan to 26.007 billion yuan, and the cumulative increase in holdings has increased by 7.454 billion yuan. So far in 2024, 163 new companies on the main board of the Shanghai Stock Exchange have disclosed their plans to increase their holdings, with a planned increase of 14.102 billion yuan to 20.080 billion yuan.

The reporter noted that this round of holdings not only has a large increase in the sincerity of the company's controlling shareholders and actual controllers, but also the company's management is firmly optimistic about the company's long-term value and "pays out of pocket" to show strong confidence in the company's future development prospects.

As of April 2, the controlling shareholders of iKedi have successively increased their holdings of 2.7742 million shares of the company, accounting for 0.31% of the company's current total share capital, with a total increase of 53.4567 million yuan. Meihua Biotech, including directors, supervisors, senior managers and other core management of 35 members, intends to increase their holdings by a total of not less than 80 million yuan. As of April 11, the company's management has increased its holdings by a total of 48.9191 million yuan.