The roadmap clearly accelerates the high -quality development of central enterprise holding listed companies

Xinhua News Agency, Beijing, August 25th. "China Securities Journal" published an article on the 25th "The Roadmap Determine on the High -quality Development Speed ​​Speed". According to the article, the high -quality development of the central enterprise holding listed companies has recently shown a trend of acceleration. In accordance with the requirements of the State -owned Assets Supervision and Administration Commission of the State Council, the central enterprises must submit the group's quality work plan to the State -owned Assets Supervision Commission by the end of August, and fully accept the evaluation at the end of 2024. The development of the development of listed companies in central enterprises will also be included in the operating performance assessment of the person in charge of the central enterprise.

Industry insiders pointed out that with the further deepening of state -owned enterprise reform, the listed company of central enterprises will increase capital operation and pay attention to the simultaneous improvement of the internal value and market value of listed companies, and the profitability and vitality will be further enhanced.

Data map, Xinhua News Agency sent

"Roadmap" is announced one after another

Recently, focusing on improving the quality of listed companies in central enterprises, the SASAC has continuously deployed.

The "Improvement of the Quality Work Plan for Improve the Listed Companies of Central Enterprises Holdings" issued by the SASAC at the end of May proposes that within 3 years, categorize policies, accurate efforts, promote the strong quality and outer image of listed companies, and strive for outstanding and strong development of the capital market. , Performance of governance and integrity operations. In July, the SASAC organized the quality work promotion meeting of central enterprises holding listed companies to improve the quality work promotion meeting of central enterprises. All central enterprises should focus on building a laid -up platform pattern with clear positioning and staircase development, and strive to create "double eugenics" with internal value and market value. The "pioneer team" of central enterprises and capital markets must be preserved;

China Securities News reporter noticed that many central enterprises have announced the "roadmap" of improving the quality of holding listed companies.

"The Group incorporates the high -quality development of listed companies into the Group's" Fourteen Five -Year Plan "planning and coordinating deployment, aiming at the goal of creating 100 billion -level listed companies as the development of the development of each sector. A series of system documents such as work guidelines, evaluation and evaluation work guidelines, etc., make systematic planning to improve the quality of listed companies. "The relevant person in charge of China Electric Power Group introduced.

The relevant person in charge of the State Grid said that the State Grid has taken the lead in formulating a high -quality development action plan for listed companies among the central enterprises, promoting the strong quality and outer image of the holding listed companies, and striving for the "superior students" of the capital market.

The recent work conference of the 2022 2022 held by the OCT Group proposed that in the second half of the year, we must unswervingly strengthen the better, and carry out special actions for the quality improvement of listed companies.

"Under the overall idea of ​​improving the quality of central enterprises holding listed companies, extension expansion, connotation growth, and market value management will become the three major paths to improve listed companies and affect the capital market." Chen Guo, chief strategy officer of CITIC Securities, believes that in the next two years The reform of the listed company of central enterprises will create greater value for investors.

M & A reorganization is new

As an important measure for the quality of the listed company of central enterprises, the merger and reorganization of the merger and reorganization are rising. According to the data provided by Zhiben Consulting State -owned Enterprise Reform Data Center, as of August 22, there were 36 major reorganization incidents of central enterprise holding listed companies this year, an increase of 157.1%year -on -year; 31 listed companies, an increase of 138.5%year -on -year. Most companies in industries such as electricity, electrical equipment, building materials, and military industries.

In the field of military industry, China Shipping Group's diesel engine business integration has begun a few days ago. On the evening of August 23, China Power and China Ship Ship issued an announcement saying that China Shipping Diesel Machinery of China Power Subsidies intends to use its own equity as a consideration and conduct diesel power business to China Power, CICC Industrial Group, CSSC and China Ship Ship Group and China Ship Ship Ship Acquisition, the total transaction price reached 22.63 billion yuan.

In the building materials industry, the listed company of China Building Materials Group has frequent actions this year. On the evening of August 12, China Materials International disclosed that it was planning to issue shares and pay cash to purchase 100%equity of Hefei Cement Research and Design Institute held by the China Building Materials General Institute and raised supporting funds. The company's shares were suspended from August 15. Earlier, China Building Materials Group carried out a number of specialized integration within the group, involving a number of listed companies.

M & A and reorganization in the fields of energy, electricity and other fields also performed active. The central enterprise holding listed companies carried out asset reorganizations to accelerate the initiative and enthusiasm of industrial integration to further improve.

"More and more central enterprise holding listed companies have been reorganized and integrated since this year, showing some new features." Li Jin, chief researcher of the Chinese Institute of Enterprise Research, said that the professional integration of central enterprises with platforms as the main body has accelerated. With advantageous enterprises as the main body, more and more internal replacement through unpaid transfer and paid acquisition is increasing. The number of cases of high -quality assets in injection into listed companies, which are mainly split, have greatly increased.

Chen Guo believes that the adjustment of the structure and focusing on the main business of the listed company of central enterprises will become the key direction of state -owned enterprise reform in the next two years, and those who have weak business collaboration, long management chain, lack of continuous operation capabilities, long -term loss of financing functions, existence of loss Metropolis -holding listed companies with risks such as out of control of controlling control are more likely to usher in spin -off and reorganization.

Value creation and market value management ushered in opportunities

In the context of focusing on improving the quality of listed companies in central enterprises, a number of central enterprises have recently expressed frequently to strengthen market value management and enhance shareholders' return.

On August 19, China Railway Construction answered investors' questions on the interactive platform that the company attaches great importance to the management of market value and will increase the management of market value in the next step. Effectively do a good job of production and operation, transformation and upgrading, improvement of quality and efficiency, ensuring the continuous and stable growth of the company's performance, and stable and far away. Improve the industrial layout, further improve the market market share of traditional business, accelerate the expansion of new businesses such as new energy, new infrastructure, ecological and environmental protection, and forming new growth points. Study the measures that boost the stock price and cultivate high -quality assets. Increase the dividend ratio stable and increase the dividend rate. The relevant person in charge of China Baowu said that the group issued relevant guidance in March to guide its listed companies to raise awareness of actively grafting the capital market, and to gradually establish a standardized and effective market value management system to enhance the inherent value of the enterprise, thereby improving the ability to allocate resources and the ability to allocate resources and the ability to allocate resources and The efficiency of capital operation has promoted the mergers and acquisitions of the strategic industry and achieved high -quality development.

"The design of the indicators of the evaluation system is not simply conducting a single evaluation around the stock price or market value, but is fully considered the strategic development goals of China Baowu in scale, efficiency and capabilities, and efficiency, as well as the goals of the operation responsibility and annual business of each subsidiary. On the basis of the plan, comprehensive evaluation of the three indicators dimensions of value creation, value marketing, and value realization, of which value creation is the foundation, value marketing is the means, and value realization is the purpose. "The person in charge pointed out.

"The value creation and market value management of central enterprise holding listed companies will usher in major opportunities." Song Xiangqing, deputy dean of the Government Management Research Institute of Beijing Normal University, believes that the listed company of central enterprises will pay more attention to the value creation of the three major links, that is, the context of innovation -driven, based on the background The value creation of new technologies replaced; in the context of green transformation, the value creation based on the application of new materials; the context of practicing the new development concept, based on the value creation of the grafting of new business models.

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