2024-04-26-上交所科创板-Corporate_Value_and_Return_Enhancement_Action_Plan_13页_296kb

报告摘要

Corporate Value and Return Enhancement Action Plan 2024 Summary

Beijing YanDong Microelectronic Co., Ltd. ("Company") establishes this action plan to uphold an investor-oriented development approach, safeguard shareholder interests, enhance operational efficiency, strengthen market competitiveness, and improve shareholder returns for 2024.

The core strategies across nine action plans are summarized:

Focus on Core Business & Operational Improvement: Achieve efficient operation of new production capacity through detailed ramp-up plans, stable supply chains, automation, and special incentives. Optimize capacity utilization via business process improvements, personnel skill upgrades, equipment maintenance, and product portfolio adjustments.
Increase R&D Investment & Technological Leadership: Prioritize R&D financial input, strategic assessment, industry-academia-research collaboration, innovation talent recruitment/training, project management, and performance-linked incentives to maintain core competitiveness through independent technology mastery and process leadership (including power semiconductors, ASICs, optoelectronics, sensors, SiC/GaN), alongside the 'More than Moore' strategy.
Optimize Financial Management: Enhance operational efficiency and capital allocation through target cost management, improved receivables/inventory control ("two funds" management), effective fund management, and strong financial systems.
Improve Corporate Governance: Regularize operations, strengthen the Board structure (including independent directors' support), refine internal controls, establish a robust internal audit function, strengthen compliance awareness among Board members/personnel, align高管 accountability with shareholder interests, and promote high-quality development.
Strengthen Shareholder Returns: Commit to long-term sustainable value creation, implement a stable and sustainable dividend policy, and communicate policies to investors to enhance their confidence.
Enhance Investor Relations & Information Disclosure: Maintain timely, accurate, and transparent information disclosure, utilize various channels for investor communication, and manage key personnel responsibilities effectively.
Enhance Incentive Mechanisms: Strengthen the link between management compensation and company performance, implement rigorous assessment systems tied to performance targets (including potential decoupling/removal of high-scoring managers), and ensure professional conduct.
Strengthen Responsibility of Key Personnel: Ensure commitments from controlling shareholders and senior management regarding shareholding stability and execution. Mandate compliance training for key personnel.
Continuous Evaluation & Improvement: Monitor the effectiveness of all measures, fulfill disclosure obligations, and continuously refine the plan to uphold corporate responsibilities and maintain market trust.