2024-03-28-上交所科创板-Times_Electric_Corporate_Value_and_Return_Enhancement_Action_Plan_2024_8页_58kb

报告摘要

Zhuzhou CRRC Times Electric 2024 Corporate Value and Return Enhancement Action Plan Summary

Core Principle: Uphold "investors first" to safeguard shareholder interests through measures focused on quality, efficiency, and returns.
Main Measures:
- Professional Expansion: Maintain dominance in rail transit and clean energy sectors while cultivating emerging industries like semiconductors, new energy vehicles, and sensors via strategic investments, R&D, and market development.
- Innovation-Driven Upgrades: Invest heavily in R&D (up to 9.84% of revenue in 2023), aiming to breakthrough core technologies, protect intellectual property, and build global innovation platforms.
- Proceeds Management: Continueutilizing IPO proceeds for projects supporting main business, with over 80% allocated by 2024.
- Management Refinement: Promote digital transformation through a data-driven approach integrated with business operations, and enhance overall productivity via quality and efficiency initiatives.
- Sustainability and Profitability: Deepen refinements to boost profitability, with a target ROE over 7%, and solidify long-term gains through shareholder-friendly policies and operational excellence.
- Board and Governance Improvements: Optimize board composition, enhance director training, and ensure compliance to strengthen corporate governance.
- Investor Relations: Maintain transparency and communication with investors through regular briefings and updates to build trust and market confidence.
- Shareholder Returns: Implement stable dividend policies (e.g., 30%+ payout) and explore share repurchase to reward investors, ensuring a balance between growth and returns.
Overall Goal: Achieve high-quality development through innovative technologies, efficient operations, and strong corporate governance.