上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 要点速览： 培育壮大文旅、数字、健康等消费新场景，努力形成新的增长点 加强上市公司质量和市值管理 深化拓展"AI+"行动 开展新一轮中央企业数字化转型行动 大力推进战略性、专业化重组整合和高质量并购 深化价值创造行动 加大专业领军企业培育力度 加强上市公司质量和市值管理 全力以赴稳经营、提质效成为2026年央企的首要任务。 张玉卓表示， 一是要以抢抓市场拓展发展空间 。探索运用各种大数据模型和行业模型，精准捕捉 潜在市场需求，创新提升商品和服务品质，培育壮大文旅、数字、健康等消费新场景，努力形成新 的增长点。 二要以强化管理提高发展质量 。坚持向内挖潜，做好全面预算管理，加强全员、全要素、全生命周 期成本管控，加大应收款项、合同资产、存货和应付款项管控力度。加强上市公司质量和市值管 理。 12月22日，国务院国资委在京召开2025年度中央企业负责人会议。国务院国资委主任张玉卓表 示，2026年要乘势而上抓改革、增活力，在新起点上推动改革再上新台阶。 张玉卓表示，2026年要大力推进战略性、专业化重组整合和高质量并购。平 ...

Core Viewpoint - The central enterprises are focusing on improving operational quality and market value management, emphasizing strategic restructuring and high-quality mergers and acquisitions to enhance management effectiveness and investment potential by 2026 [1][5]. Group 1: Management and Quality Improvement - Central enterprises are required to enhance internal management, implement comprehensive budget management, and strengthen cost control across all aspects, including receivables, contract assets, inventory, and payables [1][5]. - The State-owned Assets Supervision and Administration Commission (SASAC) has issued guidelines to improve the market value management of state-owned listed companies, incorporating this into performance assessments for enterprise leaders [1][6]. Group 2: Strategic Focus Areas - Central enterprises are encouraged to focus on key sectors such as new energy, new energy vehicles, new materials, aerospace, low-altitude economy, quantum technology, and 6G, while also promoting technological upgrades and energy-saving transformations [2][6]. - During the 14th Five-Year Plan period, state-owned enterprises have restructured 10 companies in 6 groups through market-oriented methods, establishing new entities like China Star Network and China Electrical Equipment Group [2][6]. Group 3: Restructuring and Integration - The SASAC is promoting strategic and professional restructuring to enhance core functions and competitiveness, aiming to consolidate similar entities to avoid redundancy and foster innovation [3][7]. - Recent agreements among major enterprises in sectors like new materials and artificial intelligence highlight the ongoing efforts in professional integration and resource consolidation [3][7]. Group 4: Modern Enterprise System - There is a push to refine the modern enterprise system in China, enhancing management frameworks and deepening reforms to improve contract management for managerial staff and market-oriented employment models [4][8]. - The emphasis is on accelerating organizational changes and management processes, promoting a flatter and more intelligent structure while enhancing financial management capabilities [4][8].

证券日报网讯12月23日，杭钢股份（600126）在互动平台回答投资者提问时表示，公司高度重视市值管 理工作，将努力做好经营管理，努力提升公司核心竞争力和盈利能力，保障公司健康稳定发展。 ...

证券日报网12月23日讯本钢板材（000761）在12月22日回答调研者提问时表示，一方面公司以市值管理 为抓手，持续落实估值提升计划，采取降本增效提高公司盈利、进行专业化整合提高管理效能、实施重 大资产置换重新定位公司估值等符合法律法规及相关监管规则的方式提升上市公司质量。另一方面公司 也将积极拓展融资渠道，做好可转债到期兑付准备。 ...

证券日报网讯 12月23日，宝信软件在互动平台回答投资者提问时表示，公司认真学习监管部门关于市 值管理的精神，已制定《市值管理制度》《未来三年股东回报规划（2025-2027）》《2025年度"提质增 效重回报"行动方案》等制度，最近几年实施了股权激励、董监高不减持承诺、大比例现金分红等措 施，近三年现金红利分别为16.02亿元、24.04亿元、17.30亿元，分别占当年归属股东净利润的73.28%、 94.13%、76.38%。 （编辑 袁冠琳） ...

Core Viewpoint - Central state-owned enterprises (SOEs) are playing a crucial role in the modernization of the national economy, focusing on technological innovation and capital market management to enhance their intrinsic value and shareholder returns [1][2]. Group 1: Value Creation - Since the start of the 14th Five-Year Plan, the overall strength of central SOEs has significantly improved, with total assets increasing from less than 70 trillion yuan to over 90 trillion yuan, and total profits rising from 1.9 trillion yuan to 2.6 trillion yuan, reflecting annual growth rates of 7.3% and 8.3% respectively [1]. - The operating income profit margin has improved from 6.2% to 6.7%, with indicators such as return on state-owned capital and return on net assets also showing continuous improvement, indicating a significant enhancement in value creation capabilities [1]. Group 2: Technological Innovation and Industry Integration - Central SOEs have invested over 1 trillion yuan in R&D for three consecutive years, actively participating in national major technology projects and forming strong collaborative innovation networks [2]. - The transformation of central SOEs is accelerating, with a focus on intelligent, green, and high-end development, leading to an average annual investment growth rate exceeding 20% in strategic emerging industries [2]. Group 3: Market Valuation and Future Outlook - Despite the significant increase in market capitalization, central SOEs are still valued relatively low historically, with the China Securities Central Enterprises Index (000926) having a price-to-earnings ratio of 12.30 and the Central Enterprises Innovation Index (000861) at 14.76 [3]. - Approximately 260 central SOEs are trading below net asset value, representing about 59% of the total number of such companies in the A-share market, indicating substantial potential for valuation recovery [3]. - The company anticipates that high-quality central SOEs will continue to enhance their value creation and operational capabilities, transitioning from a "theme-driven" investment logic to a "value-led" approach, thereby optimizing resource allocation in the capital market [3]. Group 4: Investment Opportunities - To assist investors in seizing opportunities in central SOEs, the company has been optimizing its product offerings, including ETFs that cater to diverse investment needs in technology innovation, digital economy, and new energy sectors [4].

对此，上海百悦律师事务所合伙人律师牛彬向雷达财经表示，根据证券法及相关规定，上市公司不当行为给投资者造成损失的， 受损投资者可依法索赔。凡是在上市后到2025年12月19日之间买入，并且在2025年12月19日收盘时持有卓然股份股票的受损投资 者，可通过公号"雷助吧"（雷助码：77）报名，免费参与索赔。获赔前无任何费用。 雷达财经注意到，11月7日，卓然股份发布《2025年11月7日投资者关系活动记录表》。 2025年11月7日，卓然股份在上海证券交易所上证路演中心召开2025年第三季度业绩说明会，对投资者提问进行了解答。上市公司 接待人员是董事长张锦红，董事、总经理张军，董事会秘书张笑毓，财务总监吴玉同，独立董事郑凯。 雷达财经雷助吧出品 文|简白 编|深海 请问公司未来的分红计划和派息政策？对此，卓然股份回复称，公司始终高度重视股东回报，在保持经营稳健发展的基础上，坚 持推行稳定的分红政策。未来，公司将在充分考虑行业发展趋势、企业日常经营发展需要、股东权益诉求、社会资金成本、外部 融资环境等综合因素的基础上，秉承着公司发展与股东利益并重的原则，平衡股东的合理投资回报与公司长远发展，建立持续、 稳定、科学的 ...

证券日报网讯12月23日，博思软件（300525）在互动平台回答投资者提问时表示，公司将持续重视市值 管理工作，公司根据相关法律法规的要求及时履行信息披露义务，及时向市场及投资者披露相关信息， 在规则范围内对公司价值进行积极宣导。 ...

Group 1: Client Base and Market Presence - The company's primary clients include government departments, public institutions, and state-owned enterprises, covering key sectors such as highways, water transport, construction, municipal services, and water conservancy [1] - The company has a significant presence in Fujian Province, with its business expanding to over ten provinces including Yunnan, Guizhou, Jiangxi, Guangxi, Guangdong, and Xinjiang [1] Group 2: Financial Management - As of the end of 2024, the company's consolidated cash balance is CNY 1.182 billion, while the parent company's cash balance is CNY 569 million, indicating a strong cash reserve [2] - A portion of the cash is restricted, including funds for guarantees, performance bonds, and specific project investments, while the company manages idle funds through low-risk financial products such as structured deposits and large certificates of deposit [2] Group 3: Strategic Development - The company is attentive to industry trends and potential opportunities in emerging sectors, planning to explore investments that align with its strategic direction and market potential [2] - To enhance its testing business, the company is increasing fixed asset investments and improving qualifications, with a focus on integrating traditional testing technologies with smart technologies through the "Intelligent Infrastructure Testing System Enhancement Project" [2]

Group 1 - The company held an analyst meeting on December 23, 2025, to discuss its operational status and business development with analysts from Dongfang Caifu [1] - Key topics of interest included the company's dividend policy, overseas business progress, performance changes in the first three quarters, and project integration [2] - The company emphasized its commitment to shareholder returns and market value management, having completed the 2024 equity distribution and the 2025 semi-annual distribution [2] Group 2 - The company acknowledged the opportunities and risks in overseas markets and is actively exploring market expansion while prioritizing risk management [2] - The significant increase in net profit for the first three quarters was attributed to effective market response, cost reduction, and enhanced operational efficiency [2] - Regarding project integration, the company is preparing for the injection of waste-to-energy projects from its controlling shareholder, with commitments made to resolve competition issues within five years post-restructuring [3]