Zheng Quan Ri Bao·2025-11-07 22:27Core Insights - The transformation of earnings presentations from traditional information disclosure to interactive platforms focused on conveying company value is reshaping the capital market communication landscape [1][2][3] - The high participation rates in earnings presentations indicate a strong market demand for transparent communication and proactive investor relations management by listed companies [1][2] Group 1: Changes in Earnings Presentations - Earnings presentations have evolved from simple recitations of financial data to becoming the main battleground for conveying corporate strategy [2] - The percentage of companies holding earnings presentations has exceeded 90% for three consecutive years, with a 99% attendance rate from key executives [1] - In 2023, the Shanghai Stock Exchange Roadshow Center supported 1,768 earnings presentations, covering 85.36% of listed companies [1] Group 2: Innovations in Communication - The online rate for 2024 annual earnings presentations is expected to exceed 99%, with features like live streaming and multilingual translation to reach global investors [2] - The trend towards "short video" content aligns with younger investors' viewing habits, enhancing engagement [2] - Innovative formats, such as the "open mic" sessions for executives, allow for more dynamic and relatable presentations [2] Group 3: Collaborative Efforts and Future Directions - Earnings presentations have shifted from being a solo performance by the company secretary to a collaborative effort involving management teams and external experts [3] - Over 300 companies had their audit committee chairs present, enhancing financial transparency [3] - There is a need for continuous improvement, as some companies still focus more on format than content, and the depth of engagement from retail investors lags behind institutional investors [3]