Zheng Quan Ri Bao Wang·2025-04-30 11:07Core Viewpoint - Leading companies in the Shenzhen Stock Exchange (SZSE) are acting as a stabilizing force in the capital market, showcasing strong brand influence, market competitiveness, and industry leadership [1] Group 1: Performance Overview - As of 2024, the 36 leading companies in the SZSE achieved a total operating revenue of 4.56 trillion yuan, representing a year-on-year growth of 7.76%, and accounted for 21.93% of the total operating revenue of all SZSE companies [1] - These companies reported a combined net profit of 485.80 billion yuan, reflecting a year-on-year increase of 18.24%, which constitutes 60.21% of the total net profit of SZSE companies [1] Group 2: Individual Company Performance - Contemporary Amperex Technology Co., Limited (CATL) achieved a net profit of 50.75 billion yuan in 2024, marking a 15.01% increase year-on-year, with a gross margin for its core business of power batteries rising by 5.81 percentage points to 23.94% [2] - BYD Company Limited reported a record high in all core operating indicators, with total revenue reaching 777.10 billion yuan, a year-on-year growth of 29.02% [2] - The revenue from automotive and related products was approximately 617.38 billion yuan, up 27.70%, while revenue from mobile components and assembly reached about 159.61 billion yuan, increasing by 34.60% [2] Group 3: Growth Drivers - The expansion of sales scale and improvement in gross margins are key drivers of performance growth for leading companies in the SZSE [3] - Companies are leveraging brand, technology, and channel advantages to capture market share, while also enhancing product value and profitability through innovation, cost control, and product structure optimization [3] Group 4: Shareholder Returns - Leading companies are sharing development dividends with investors through cash dividends and share buybacks, reinforcing their commitment to shareholder value [4] - ZTE Corporation maintained a cash dividend ratio of 35.0% for 2024, with cumulative cash dividends amounting to 8.1 billion yuan over the past three years [4] - Lens Technology emphasizes stable and high cash dividends to enhance investor value perception [4] Group 5: Capital Structure Optimization - Share buybacks have become a significant strategy for leading companies to optimize capital structure and boost market confidence [5] - These initiatives not only stabilize stock price expectations but also align corporate development with investor interests, fostering a positive capital market ecosystem [5]