决胜“十四五” 擘画“十五五”·地方资本市场高质量发展之江苏篇：“筑峰强链”再深化 资本市场“江苏军团”谱新篇

Group 1 - Jiangsu province has added 257 new listed companies during the "14th Five-Year Plan" period, with approximately 90% being technology or high-tech enterprises [1][3] - The total number of listed companies in Jiangsu has reached 721, with cumulative initial financing of 225.971 billion yuan and refinancing of 385.279 billion yuan, providing ample funding for technological iteration and capacity expansion [1][2] - Jiangsu's listed companies are crucial for leading the transformation of traditional industries and integrating technological and industrial innovation [1][2] Group 2 - By the end of 2025, Jiangsu's listed companies will account for 1/8 of the national total, with a total market value of 8.9 trillion yuan, an increase of 46% from the end of the "13th Five-Year Plan" [2] - In the first half of 2025, listed companies in Jiangsu achieved a total operating income of 1.7 trillion yuan, a year-on-year increase of 1.2%, and a net profit of 152.7 billion yuan, up 3.7% year-on-year [2] Group 3 - Jiangsu focuses on optimizing the structure of listed companies, with a significant increase in "hard technology" enterprises, which are now the core support of the capital market [3] - The province has established a comprehensive coverage of 16 advanced manufacturing industry clusters and 50 key industrial chains, significantly contributing to new industrialization [3] Group 4 - In the past five years, Jiangsu has disclosed 1,057 new mergers and acquisitions, completing 573 with a total amount of 304.198 billion yuan, accounting for over 1/9 of the national total [4] - The implementation of the "M&A Six Guidelines" has enhanced the inclusiveness and adaptability of the system, leading to a significant increase in the volume and quality of mergers and acquisitions [4] Group 5 - There has been a notable increase in the awareness of investor returns among Jiangsu's listed companies, with cumulative cash dividends reaching 394.6 billion yuan, a 45.4% increase from the "13th Five-Year Plan" period [6] - The total amount of share repurchases during the "14th Five-Year Plan" period was 52.3 billion yuan, 2.6 times that of the previous period, indicating a strong commitment to maintaining company value [6] Group 6 - The Jiangsu Securities Regulatory Bureau has strengthened regulatory precision and effectiveness, promoting a standardized market ecology and enhancing the self-awareness of listed companies regarding compliance [7] - The bureau has significantly increased administrative penalties, with 27 companies penalized, more than four times the number during the "13th Five-Year Plan" [7] Group 7 - The "15th Five-Year Plan" proposal emphasizes consolidating the leading position of traditional industries and enhancing the competitiveness of strategic emerging industries, with listed companies being the main force in achieving these goals [8]