Mei Ri Jing Ji Xin Wen·2026-01-30 13:37Core Viewpoint - The Shenzhen Stock Exchange has launched the "Quality Return Dual Improvement" initiative to enhance the quality and investment value of listed companies, aiming to strengthen the inherent stability of the capital market by the end of 2025 [1] Group 1: Company Participation and Performance - A total of 472 companies have released action plans under the "Quality Return Dual Improvement" initiative, focusing on core business, innovation, and investor returns [1] - Sanhua Intelligent Controls has achieved a revenue growth from 160.21 billion yuan in 2021 to 279.47 billion yuan in 2024, with a compound annual growth rate (CAGR) of 20.38% and a net profit growth from 16.84 billion yuan to 30.99 billion yuan, with a CAGR of 22.54% [2] - Hisense Home Appliances has seen revenue increase from 741.15 billion yuan in 2022 to 927.46 billion yuan in 2024, with a CAGR of 11.87%, and net profit growth from 14.35 billion yuan to 33.48 billion yuan, with a CAGR of 52.74% [3] - TCL Home has grown its revenue from 78.43 billion yuan in 2022 to 183.61 billion yuan in 2024, with net profit increasing from 4.24 billion yuan to 10.19 billion yuan [3] Group 2: Technological Innovation - Sanhua Intelligent Controls has invested 7.05 billion yuan in R&D in the first half of 2025, representing 4.34% of its revenue, and holds 4,387 patents, including 2,404 invention patents [4] - Hisense Home Appliances emphasizes technology innovation with over 20 technology innovation platforms and has made significant breakthroughs in low-carbon, intelligent, and health-oriented technologies [5] - TCL Home has invested 5.17 billion yuan in R&D in the first three quarters of 2025, accounting for 3.61% of its revenue, and has over 1,000 R&D personnel and more than 2,000 authorized patents [6] Group 3: Investor Returns - Sanhua Intelligent Controls plans to distribute approximately 9.32 billion yuan in cash dividends for the 2024 fiscal year and has cumulatively distributed 88 billion yuan in cash dividends since its listing [7] - Hisense Home Appliances has repurchased 25.6 million shares for a total of 5.54 billion yuan and has increased its cash dividend payout ratio from 30% to 50% of net profit, with a 95.9% increase in cash dividends per share in 2023 [8]