证券日报网讯12月17日，颀中科技在互动平台回答投资者提问时表示，二级市场股票价格波动受市场、 行业环境、投资者信心等多重因素影响，且市值管理是一个长期的动态过程，过去一年：公司全力推动 主业经营，包括经营业绩的提升、技术的投入与改进，市场份额的拓展与成本优化，努力提升公司的盈 利能力与竞争力；与投资者保持良好的沟通与互动，合理运用资本运作手段包括但不限于回购公司股 份、向不特定对象发行可转换公司债券进而优化公司的资本结构等内容，未来公司会不断地努力和完 善，确保经营可持续、稳健、透明。 ...

Group 1 - The core viewpoint emphasizes that high-quality development of the capital market relies on high-quality listed companies, which in turn need "patient capital" as a crucial support for long-term growth [2][3] - "Patient capital" has become a necessary product and urgent demand in China's economic and financial development, with over 600 billion yuan of net inflow from long-term funds into A-shares this year, enhancing market resilience [2][3] - The insurance funds' investment in the equity market reached 5.6 trillion yuan, marking a recent high, while public fund management scale approached 37 trillion yuan, continuously setting historical records [3] Group 2 - The strategic shift from an "industrial" to an "innovation" model in China's capital market is necessary, as the country must upgrade its competitive advantage from a single "manufacturing + market" to an "innovation + capital + manufacturing + market" development model [4] - Notable companies like CATL, United Imaging, Hikvision, and Wanhua Chemical exemplify the characteristics of pursuing technological leadership, meticulous management, and quality manufacturing while effectively utilizing capital market tools [4][5] - Over half of the listed companies in the A-share market are from strategic emerging industries, with total R&D investment reaching 1.16 trillion yuan in the first three quarters of 2025, maintaining a scale of over 1 trillion yuan for three consecutive years [5] Group 3 - Improving the quality of listed companies is essential for enhancing investment value, as higher quality serves as the foundation for investment value and market capitalization management [6] - The China Securities Regulatory Commission's guidelines on market capitalization management emphasize the importance of investor protection and return, urging companies to enhance management and profitability [7] - Companies are encouraged to utilize tools such as mergers and acquisitions, stock incentives, and share buybacks to enhance investment value, with a noticeable increase in share repurchases in the domestic stock market [8]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec Group) has initiated a "Special Action for Enhancing the Market Value of Listed Companies" to improve investment value and increase shareholder returns [1][2]. Group 1: Company Overview - Sinopec Group is the world's largest refining company and the second-largest chemical company, with nine listed companies that have become industry leaders or champions in their segments [2]. - The group has completed over 550 billion yuan in various equity financing and has contributed to the capital market by increasing the total market value of its listed companies by 220 billion yuan since the 14th Five-Year Plan [3]. Group 2: Special Action Details - The special action focuses on three main areas: enhancing governance efficiency, improving return mechanisms, and optimizing capital layout [3]. - The governance enhancement includes improving management systems and focusing on strategic development, capital operations, and talent development in the capital market [3]. - The return mechanism aims to increase the quality of information disclosure, strengthen investor relations, and maintain a stable and predictable cash dividend policy [3]. Group 3: Investor Engagement - The investor engagement event featured executives from nine listed companies under Sinopec, addressing questions from domestic and international investors regarding business prospects and future plans [5][6]. - Executives expressed confidence in achieving significant revenue targets and highlighted growth areas such as carbon fiber and hydrogen energy equipment [5]. Group 4: Market Impact and Policy Context - The initiative is seen as a significant shift from conventional market value management, emphasizing strategic collaboration and the deepening of state-owned asset value [4]. - Recent policies, including the "National Nine Articles" and the CSRC's guidelines on market value management, have prompted more listed companies to focus on enhancing their investment value [8][9]. - The current trend in market value management is moving towards transparency, which is expected to optimize the A-share valuation system and enhance market resilience [9].

（文章来源：证券日报） 证券日报网讯 12月17日，中航西飞在互动平台回答投资者提问时表示，公司已制定《市值管理办 法》，并制定了多维度提升市值的行动方案，推动内在价值与市场价值协调发展。 ...

Core Viewpoint - The company emphasizes that qualified market value management is not about short-term stock price speculation, but rather about compliance with information disclosure, effective investor communication, and clear strategic messaging to reflect the company's intrinsic value accurately [1] Group 1 - The company responded to investor inquiries on an interactive platform [1] - The management will relay suggestions to the leadership team promptly [1]

证券日报网讯12月17日，华强科技在互动平台回答投资者提问时表示，公司已将市值管理中价值实现作 为一项重点工作，纳入到经理层考核范畴，同时制定《市值管理制度》，依法合规做好市值管理工作。 一是聚焦主责主业，在市场开拓和提质增效上下功夫，努力提升发展质量；二是坚持科技赋能，加强创 新平台建设，建立北京、武汉研发中心，持续提升核心竞争力，新产品笔式注射器用橡胶组件在技术和 商业层面取得双重突破，成功通过CDE关联审评，登记号成功激活为"A"状态，并形成订货；三是持续 履行稳健的现金分红政策，2024年度进行了两次现金分红，累计分红金额2029.11万元，占2024年度归 属于上市公司股东净利润的90.07%；四是坚持规范运作，持续提高信息披露质量，夯实高质量发展的 基础。 ...

Core Viewpoint - The company emphasizes the importance of market capitalization management and investor relations, actively engaging in activities to enhance its visibility and attractiveness in the capital market [1] Group 1: Investor Relations Activities - The company conducts regular performance briefings, roadshows, and reverse roadshows to communicate its innovative business strategies and latest research developments to investors [1] - These efforts aim to improve the company's engagement with the capital market and increase investor interest [1]

Core Viewpoint - The announcement of Moutai's quantity control policy has led to a rebound in the wholesale price of Feitian Moutai, which rose from below the official guidance price of 1499 yuan to 1570 yuan per bottle [1] Group 1: Price and Supply Changes - Moutai plans to stop supplying all products to distributors by the end of the year and will reduce the quota for 1-liter Feitian Moutai by 30% and for Zodiac Moutai by 50% by 2026, completely halting the supply of colored glaze Moutai [1] - The wholesale price of She Moutai increased by 110 yuan per bottle to reach 1720 yuan [1] - Following the implementation of the quantity control policy, the market price of Feitian Moutai has risen to between 1650 and 1750 yuan, leading to an increase in sales [1] Group 2: Market Dynamics and Analyst Insights - The decision to implement quantity control is linked to the recent leadership change at Moutai, with new chairman Chen Hua's policies aimed at stabilizing market prices and managing the company's market value [3] - Analysts suggest that reducing the quota for non-standard products is a structural reform that alleviates financial pressure on distributors and stabilizes wholesale prices [3] - The upcoming Spring Festival is expected to boost demand for Moutai, although sales may not reach previous years' levels due to high personal stockpiling [4] Group 3: Financial Performance and Future Outlook - Moutai's revenue and net profit growth rates hit a multi-year low in the third quarter of 2025, indicating challenges in meeting growth targets set at the beginning of the year [4] - The proportion of sales during the Spring Festival, which typically accounts for 20%-30% of annual sales, is expected to decrease this year [4]

证券日报网讯12月17日，北元集团（601568）在互动平台回答投资者提问时表示，公司始终高度重视市 值管理和股东回报。为切实提升公司质量与市场信心，公司已制定《2025年度"提质增效重回报"行动方 案》，着力推动高质量发展与内在价值提升，并采取多项措施优化经营质量、增强投资者信心。未来如 有增持、重组等相关安排，公司将严格按照信息披露规定及时履行公告义务。 ...

证券日报网讯 12月17日，广电网络在互动平台回答投资者提问时表示，公司正在通过聚焦主责主业提 升经营效益、布局新质生产力、优化投资结构、降本提质增效、深化体制机制改革、强化投资者关系管 理、提高信息披露质量等方式，加强市值管理。 （文章来源：证券日报） ...