(I) seriously establish the market value management system
In 2021, China State Construction Engineering Corporation Limited(601668) thoroughly studied and implemented the important exposition of Xi Jinping general secretary on strengthening the construction of capital market, accurately grasped the substantive connotation and significance of market value management, and further strengthened the confidence and determination to do a good job in market value management. Adhering to the concept of coordination and linkage between the industrial market and the capital market, the company formulated the market value management work plan and scientifically set up the working mechanism, pointing out the direction for the medium and long-term development of market value management. In 2021, the company formulated the annual market value management work plan, defined the key work, refined the work measures, consolidated the work responsibilities, and laid the foundation for a good step in market value management. After continuous exploration and practice, the company has basically formed a unified and coordinated market value management system.
(II) actively implement specific measures for market value management
In 2021, the company solidly implemented the market value management mechanism, organized and held market value management promotion meetings, regularly prepared market value management briefings, tabulated retrieval of work progress, timely studied major issues, exchanged experience and practices, solidly implemented detailed management measures, and effectively ensured the implementation and effectiveness of market value management. The company focuses on key areas and key tasks of market value management, continuously optimizes key market indicators such as cash flow, summarizes achievements in scientific and technological innovation and business transformation and upgrading, continuously excavates, promotes, disseminates and maintains the company’s value, further highlights the company’s competitive advantages and gives full play to the joint efforts of all parties.
(III) research and analysis of organizational capital market
The company continues to pay attention to the frontier developments of the capital market, focusing on the reform and development of the capital market, the development trend of the industry and the changes of the stock market, Organize the preparation of seven special reports, including the 2020 capital market report, the analysis report of comparable listed companies in the same industry, the 2020 performance analysis report of comparable listed companies in the same industry, the review and Enlightenment of the road of China State Construction Engineering Corporation Limited(601668) world top 500, the China State Construction Engineering Corporation Limited(601668) sustainable development capacity report and the China State Construction Engineering Corporation Limited(601668) value report, so as to provide reference for promoting market value management, Lay a research foundation for promoting the high-quality development of the company in the capital market.
4、 Continuously improve the quality of information disclosure and consolidate the foundation of investor protection
(I) improve the efficiency of information disclosure
The company scientifically plans the preparation and disclosure of periodic reports, establishes and improves the working mechanisms such as letter Phi liaison Commissioner, promotion meeting and communication meeting, timely, accurately and completely transmits the company’s major decision-making matters and development to the investors in the capital market, and ensures the investors’ right to know. 149 announcements and documents were disclosed throughout the year, involving 13 types of major information such as external guarantee and equity incentive, with a compliance rate of 100%, and won an excellent (a) rating in the evaluation of information disclosure of Shanghai Stock Exchange.
(II) optimize the content of information disclosure
Guided by the needs of investors, the company adheres to the combination of statutory disclosure and voluntary disclosure, further expands the scope of financial analysis, enriches business statistics, highlights information on strategic planning, scientific research achievements, PPP business and ESG, fully highlights the company’s competitive advantage and enhances the expectations of investors; In the industry finance integration information, expand the scope of financial analysis, enrich business statistics, and provide more detailed information for investment decisions in the capital market. In addition, the company used digital means to show the highlights of the company’s development, launched 4 regular reports of “one picture reading”, issued 31 micro articles of the company’s business briefing and major project announcement, and the reading volume of the whole network exceeded 450000 times. The communication breadth and influence of information disclosure were significantly improved. Four regular reports in English were prepared to meet the needs of international investors and stakeholders. The company’s 2020 annual report in English won the international arc award of “annual report Oscar”.
(III) do a good job in securities registration business and services
The company actively linked with the regulatory authorities to organize new independent directors to participate in the qualification and special follow-up training of Shanghai Stock Exchange; Organized and participated in 34 special trainings on interpretation of securities laws and regulations held by China Shanghai Association and Beijing Shanghai Association. Organize and cooperate with the special research of Shanghai Stock Exchange, actively reflect the company’s demands and timely grasp the latest policy requirements. Do a good job in the daily information communication of CSRC, Beijing regulatory bureau, Shanghai Stock Exchange and other regulatory institutions, and complete more than 80 questionnaires. Implement the equity incentive plan in accordance with the law, accurately and efficiently handle the registration of the company’s fourth phase of restricted stock grant, grant 912 million restricted shares to 2765 incentive objects, and complete the unlocking and circulation of 3466 restricted shares and the cancellation registration of 143 incentive objects’ restricted stock repurchase.
5、 Continuously deepen the management of investor relations and innovate the means of investor protection (I) innovate and carry out performance promotion
The company always adheres to open and active communication with all kinds of investors, organizes investor open days, investor research reception and other activities, increases the frequency of investor communication, and innovates the form and content of performance explanation meeting. In 2021, the company overcame the adverse effects of the epidemic, innovatively carried out performance promotion, and held a series of activities such as 2020 annual performance presentation, 2021 interim performance presentation, 2021 third quarter performance presentation and roadshow promotion for Beijing, Shanghai, Shenzhen and international investors. The new form of “on-site + announcement solicitation questions + text live broadcast” was adopted to attract more than 100 institutional investors and small and medium-sized investors. For the first time, it held a special promotion session for annuity institutions, organized 22 shareholder visits and promotion activities, and enhanced the business linkage of various types of investors. Regularly hold special promotion activities for international investors, actively carry out communication and exchange with international investors, and let more international investors and partners know and pay attention to China State Construction Engineering Corporation Limited(601668) .
(II) close investor exchanges
The company closely carries out investor exchanges and organizes investor open day activities every year. In recent years, the themes include prefabricated buildings, new infrastructure, etc. in the future, the company plans to organize special activities for investor education. In 2021, the company organized the “new infrastructure” investor open day and arranged nearly 40 investors to visit the new infrastructure business of CSCEC infrastructure; The company sent personnel to participate in 20 investment strategy meetings and special strategy meetings, received 67 institutional research, communicated with more than 110 institutional investors, and continued to consolidate the value investor base of “wide base, excellent structure and strong viscosity”; The company participated in the “collective reception day for investors of listed companies under Beijing jurisdiction” in September to fully communicate with the majority of investors.
(III) strengthen media linkage in capital market
The company further strengthened the maintenance of media relations in the capital market. On the basis of inviting capital market media such as China Securities News, the company newly invited nine central mainstream media such as Xinhua news agency and Guangming Daily to participate in performance promotion and widely publicize in 2021. Through professional media platforms such as new wealth, special promotion articles will be released to focus on the demands of professional participants in the capital market. The China Association of listed companies and the Beijing Association of listed companies have published many special topics on cash dividends, ESG excellent cases and excellent practical articles on investor protection. The headline of the front page of China Securities published a special article China State Construction Engineering Corporation Limited(601668) : the unity of Party leadership and corporate governance to promote the high-quality development of listed companies, and published many value promotion articles such as 5g, new energy, assembly and new overseas highlights, Establish a good capital market image of the company.
6、 Do a good job in investor service and improve investor protection
(I) do a good job in the daily reception of small and medium-sized investors
The company always believes that maintaining high-quality development is the greatest benefit to investors
