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On March 6, focusing on a number of investor concerns such as “improving the quality of listed companies”, “enhancing the inherent stability of the capital market” and “capital market supervision”, Chairman Wu Qing of the China Securities Regulatory Commission spoke at the Economic Correspondent of the Second Session of the 14th National People’s Congress Answer questions from reporters at the meeting. Wu Qing’s statement aroused widespread heated discussion among listed companies.

Make good use of capital market tools

Accelerate the release of new productivity

Wu Qing said that systems such as issuance and listing, mergers and acquisitions, and equity incentives must keep pace with the times, further adapt to the needs and characteristics of the development of new productive forces, make necessary adjustments and improvements, enhance the inclusiveness and adaptability of the system, and allow those with real potential to Enterprises have grown and expanded with the support of the capital market, and have continuously improved the structure of listed companies, so that investors can better share the results of high-quality economic development.

Hualan Biotech is a national high-tech enterprise engaged in the production, research and development, and sales of blood products, vaccines, and genetic engineering products. With the help of listing and financing in the capital market, it has given wings to the company’s development and allowed it to grow from small to large, from weak to strong. At present, the company’s product structure is reasonable, product categories are complete, and the comprehensive utilization rate of plasma is at the forefront of the industry. The product structure of blood products is constantly optimized, and the market share of many products is at the forefront of the industry.

Ankang, chairman of Hualan Biotech, said in an interview with a reporter from the Securities Times that the three major capital tools, mergers and acquisitions, refinancing, and equity incentives, are the source of energy for maintaining the vitality of the securities market and the focus of the supply-side reform of the capital market. The continuous improvement of the three major capital tools of mergers and acquisitions, refinancing, and equity incentives can effectively stimulate market vitality, bring new opportunities to the company’s development from the three core elements of company development: capital, industry, and talent, and play a key role in the company’s high-quality development sexual effect.

“The key to developing new productive forces lies in technological innovation. The company has always regarded technological innovation as its foundation, established innovation platforms in petrochemicals, new materials, fibers and other fields, and launched new technologies and products every year.” National People’s Congress Representative, Chairman of Shenghong Holding Group and Chairman of Dongfang Shenghong Miao Hangen introduced that from 2019 to 2021, the company raised funds through the issuance of green bonds, private placements, issuance of convertible corporate bonds, etc., and took the lead in the industry to propose strategic transformation and upgrading. At the same time, through major asset reorganization through the issuance of shares to purchase assets and raise supporting funds, it acquired the domestic leader in EVA photovoltaic materials, Sibern Petrochemical, and quickly entered the field of new energy and new materials.

At present, Dongfang Shenghong has a 16 million tons/year refining and chemical integrated unit, a 2.4 million tons/year methanol-to-olefins (MTO) unit, and a 700,000 tons/year propane dehydrogenation (PDH) unit, forming a “double” of olefins and aromatics. It has an industrial structure of “chain” extension and coordinated development, and has unique olefin production capabilities of “oil head”, “coal head” and “gas head” simultaneously. It is one of the leading private petrochemical companies in China.

“Haima Automobile has benefited a lot from being in the capital market for more than 30 years.” Jing Zhu, deputy to the National People’s Congress, vice president of the China Private Chamber of Commerce, and chairman of Haima Group, said that in 2007, the company acquired Zhengzhou Light Vehicle Manufacturing Plant through mergers and acquisitions. The use of mergers, acquisitions and reorganization to achieve industrial integration is a key step for the company to advance into the Central Plains. In 2010, the company raised 2.9 billion yuan through a non-public issuance of shares and used refinancing tools to expand financing channels. In 2012, the company used equity incentive policies to effectively gather and motivate the company’s directors, supervisors, senior executives and core key talents.

As the only passenger car and new energy vehicle company in Hainan Province, Haima Motors has exported complete vehicles to more than 20 countries and regions, including Egypt, Chile, the Philippines, and Vietnam, and has built KD factories in the “Belt and Road” countries to demonstrate ” “Made in China” new image.

Improve business investability

Give investors a real sense of gain

This year’s government work report proposes to enhance the inherent stability of the capital market. In Wu Qing’s view, there are many factors that affect the operation of the capital market, and the mechanism is relatively complex, “including at least ‘a cornerstone’ and ‘five pillars'”.

Among them, “one cornerstone” is high-quality listed companies. Wu Qing said that listed companies must first have good governance, stable returns or expected growth. Major shareholders, actual controllers and management must keep in mind that listed companies are public companies and must have a “public” consciousness, be responsible to the public, and continue to increase investment value.

Ankang said that only by vigorously improving the investability of listed companies and giving investors a real sense of gain can the stable and healthy development of the capital market have a solid foundation, thereby truly stabilizing the market and stabilizing confidence.

In February this year, when Hualan Biotech proposed the “double improvement of quality and return” action plan, it mentioned that it would continue to improve the company’s operation and management level, and continuously improve the company’s core competitiveness, profitability and comprehensive risk management capabilities, with a view to achieving long-term development and using excellent quality performance to reward investors.

Miao Hangen said that focusing on the company’s organic and stable growth in the long term and fully creating value is the best return for the company’s shareholders. According to reports, Oriental Shenghong has always attached great importance to shareholder returns and maintained the continuity and stability of its cash dividend policy. It has insisted on cash dividends for five consecutive years, with a cumulative dividend of 2.84 billion yuan.

“While the industrial scale is developing rapidly, the company cherishes the trust and support of every investor.” Miao Hangen said that Dongfang Shenghong will maintain the long-term trust relationship between investors and the company, form a virtuous interactive cycle, and establish a good foundation for the company. We should maintain an honest, open and inclusive capital market image and fully implement the company’s “value communication” work.

“There is no shortcut to improve the company’s quality and investment value. We must do a good job in business operations in a down-to-earth manner and strive to continuously improve investor service levels.” Jingzhu said that the company’s operations may have ups and downs, but as long as The company’s original intention of “improving the company’s quality and improving investment value” remains unchanged, and it continues to adhere to the bottom line of standardized operations. At the same time, it unswervingly adheres to the direction of corporate innovation and transformation strategies. The company’s long-term investment value will eventually shine.

Proofreading: Liu Rongzhi

Statement: Securities Times strives to provide true and accurate information. The content mentioned in the article is for reference only and does not constitute substantive investment advice. Any operations based on this are at your own risk.

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2024-03-10 07:25:00
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