（文章来源：证券日报） 证券日报网讯经纬辉开10月22日在互动平台回答投资者提问时表示，二级市场的股价表现受多方面因素 影响，公司坚持稳健发展，做大做强主业，同时积极开展价值管理工作。 ...

文/李悦 资本市场从来不缺少概念，但鲜有一个概念像"市值管理"这样，在二十年间经历了从"污名化"到正本清源的戏剧性跌宕。而今，一场关于市值管理的认知 革命正在重塑A股上市公司的价值坐标。 2024年4月，《国务院关于加强监管防范风险推动资本市场高质量发展的若干意见国发〔2024〕10号》（以下简称"新国九条"）颁布，"新国九条"明确要 求"制定上市公司市值管理指引等。研究将上市公司市值管理纳入企业内外部考核评价体系。"市值管理迎来了它的"分水岭时刻"。同年11月，《上市公司 监管指引第10号——市值管理》出台，市值管理进入制度化和规范化的新阶段。 这场从"不能说的秘密"到"必须做的功课"的认知转变，标志着A股上市公司价值重塑的时代正式开启。 然而，疑虑犹存。过去二十年间，多少企业将市值管理异化为股价操纵的工具？多少内幕交易假市值管理之名而行？在监管重拳与市场转型的双重作用 下，一个灵魂拷问浮出水面：当市值管理成为必修课，上市公司该如何避免重蹈"伪市值管理"的覆辙？真正的市值管理究竟该走向何方？ "市值管理的本质是价值管理，而非股价管理。"红塔证券董事总经理、投行业务一部总经理许琳睿在接受和讯网专访时一针见血地 ...

许琳睿在著作《一本书看透市值管理》中提出市值管理的三方面：价值创造、价值传播与价值经营。她强调，市值是价值增长的结果而非目标，若脱离价 值空谈市值，泡沫终将破裂。 这场变革背后，更宏大的时代叙事正在展开。许琳睿断言，中国正从地产时代迈向股权时代，资本市场需完成从融资市向"投资市"并举的历史性转型。在 这个承载着新旧动能转换使命的战场上，市值管理已不再是企业的可选项，而是在股权时代生存发展的必答题。 文/李悦 资本市场从来不缺少概念，但鲜有一个概念像"市值管理"这样，在二十年间经历了从"污名化"到正本清源的戏剧性跌宕。而今，一场关于市值管理的认知 革命正在重塑A股上市公司的价值坐标。 2024年4月，《国务院关于加强监管防范风险推动资本市场高质量发展的若干意见国发〔2024〕10号》（以下简称"新国九条"）颁布，"新国九条"明确要 求"制定上市公司市值管理指引等。研究将上市公司市值管理纳入企业内外部考核评价体系。"市值管理迎来了它的"分水岭时刻"。同年11月，《上市公司 监管指引第10号——市值管理》出台，市值管理进入制度化和规范化的新阶段。 这场从"不能说的秘密"到"必须做的功课"的认知转变，标志着A股上市公 ...

文/李悦 资本市场从来不缺少概念，但鲜有一个概念像"市值管理"这样，在二十年间经历了从 " 污名化 " 到 正本清源的戏剧性跌宕。而今，一场关于市值管理的认知革命正在重塑 A股 上市公司的价值坐标。 2024年 4月，《国务院关于加强监管防范风险推动资本市场高质量发展的若干意见国发〔2024〕 10号》（以下简称 "新国九条" ）颁布， "新国九条" 明确要求" 制定上市公司市值管理指引 等 。 研究将上市公司市值管理纳入企业内外部考核评价体系。 " 市值管理迎来了它的"分水岭时刻"。 同 年11月， 《上市公司监管指引第10号——市值管理》出台 ， 市值管理进入制度化和规范化的新阶 段 。 这场从 " 不能说的秘密 " 到 " 必须做的功课 " 的认知转变，标志着 A股 上市公司价值重塑的时代 正式开启。 然而， 疑虑犹存 。过去二十年间，多少企业将市值管理异化为股价操纵的工具？多少内幕交易假市 值管理之名而行？在监管重拳与市场转型的双重作用下，一个灵魂拷问浮出水面：当市值管理成为必 修课，上市公司该如何避免重蹈 " 伪市值管理 " 的覆辙？真正的市值管理究竟该走向何方？ " 市值管理的本质是价值管理，而非 ...

Group 1: Company Strategy and Operations - The company emphasizes a dual main business strategy of construction and clean energy investment, aiming for synergistic development [3] - It plans to leverage its qualifications to increase project undertakings and expand its clean energy generation business [3] - The company is committed to improving operational performance and increasing shareholder returns through effective management and communication with investors [4] Group 2: Investor Relations and Communication - The company prioritizes cash dividends and actively engages with investors to communicate its investment value [4] - It conducts regular investor activities, including online Q&A sessions, to address investor concerns and enhance transparency [2] - The company acknowledges the impact of macroeconomic policies and provincial government projects on its market value management [3] Group 3: Market Performance and Shareholder Concerns - There has been a noted decline in company performance and shareholder dividends since the merger with Guangdong Water and Electricity [3] - The company is aware of stock price fluctuations influenced by industry trends and macroeconomic conditions, and it has not engaged in stock buybacks [4] - The upcoming release of 2.191 billion restricted shares is anticipated to affect the stock price [4]

Core Viewpoint - The company is focusing on value management and innovation to enhance investor understanding and recognition of its value while maintaining high cash dividend rates for long-term investors [1] Group 1: Company Strategy - The company is actively transforming its elevator business during the industry transition period by implementing innovative marketing strategies and exploring high-margin opportunities in niche markets such as cultural tourism [1] - The company is expanding its export business and developing a "new elevator + service" business model to strengthen its value creation capabilities [1] - The investment segment of the company is continuously advancing, with investments in various enterprises to support business, product, technology, and service upgrades [1] Group 2: Financial Performance - In the first half of the year, the company achieved a revenue of 1.858 billion yuan and a net profit attributable to shareholders of 180 million yuan, representing a year-on-year growth of 2.29% [1] - The company's earnings per share increased by 2.27% to 0.2254 yuan, indicating ongoing improvement in profitability [1]

关于股份回购实施完成暨股份变动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 回购方案首次披露日 2024/6/26 回购方案实施期限 2024 年 6 月 25 日~2025 年 6 月 24 日 预计回购金额 50,000万元~100,000万元 回购价格上限 2.62元/股 √减少注册资本 证券代码：600157 证券简称：永泰能源 公告编号：2025—037 永泰能源集团股份有限公司 □用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 实际回购股数 40,000万股 实际回购股数占总股本比例 1.80% 实际回购金额 50,099.28万元 实际回购价格区间 1.02元/股~1.71元/股 为进一步贯彻落实国家维护资本市场稳定、强化上市公司价值管理工作精神， 推动公司股票价值合理回归，切实维护全体股东的合法权益，公司已于 2025 年 6 月 23 日如期完成本次股份回购方案，并将办理股份注销以减少公司注册资本。现 将有关情况公告如下： 一、回购审批情况和回 ...

Core Viewpoint - The event "Unfazed by Storms, Set Sail Far" emphasizes the importance of promoting inclusive finance in Yantai, highlighting the city's commitment to becoming a financial stronghold and fostering high-quality economic development through collaboration among financial institutions and enterprises [4][5]. Group 1: Financial Development Strategies - Yantai has initiated the "Financial Empowerment for Green, Low-Carbon, High-Quality Development" policy to enhance the financial sector's contribution to sustainable growth [4]. - The city aims to integrate various resources and expertise to support enterprises, focusing on policy interpretation, financing connections, talent acquisition, and technology transformation [5]. Group 2: Economic Insights - The chief economist of Shenwan Hongyuan Securities stated that Yantai is fertile ground for high-quality enterprise development, advocating for the enhancement of credit capital and comprehensive value to create a conducive market for inclusive finance [6]. - The current economic landscape shows a shift in financial demand, necessitating a collaborative approach between real and financial investors to ensure quality financial services [6]. Group 3: Market Trends and Opportunities - The director of Shenwan Futures highlighted the impact of external factors such as tariffs on consumer confidence and economic growth in the U.S., while also noting the limited recovery in China's exports due to these pressures [7]. - The introduction of the new "National Nine Articles" indicates a shift in capital market policies towards quality over quantity, with a focus on IPOs and mergers and acquisitions, particularly in the hard technology sector [8]. Group 4: Investment Opportunities in Specialized Enterprises - The roundtable forum discussed the significant opportunities for specialized and innovative enterprises, emphasizing their role in driving economic growth and enhancing supply chain security through innovation and market segmentation [9][10]. - Investment managers expressed a strong interest in technology-driven high-growth sectors, focusing on companies with unique competitive advantages and long-term growth potential [10][11].

Core Points - The company is preparing for the 2024 Annual General Meeting (AGM) to ensure the protection of investors' rights and the smooth conduct of the meeting [1][2][3] - The company reported a net profit of 3.656 billion yuan for 2024, representing an 18.66% year-on-year increase [4][5] - Total assets reached 49.503 billion yuan, with a debt-to-asset ratio of 43.71% [4][5] Meeting Procedures - The AGM will be held at the Hyatt Hotel in Beijing, with specific procedures for attendance and voting outlined [3][4] - Shareholders must register to speak at the meeting 15 minutes prior, with a limit of ten speakers based on shareholding [2][3] - Voting will be conducted via a named ballot system, with results announced by the meeting host [2][3] Financial Performance - The company’s total assets increased by 10.24% from the previous year, reaching 49.503 billion yuan [4][18] - Operating revenue for 2024 was reported at 52.517 billion yuan, a 6.51% increase from the previous year [18] - The basic earnings per share rose to 0.3597 yuan, reflecting an 18.66% increase [18] Board and Management Activities - The board held seven meetings during the year, discussing 48 proposals, all of which were approved unanimously [5][7] - The board emphasized the integration of party leadership with corporate governance to enhance decision-making and risk management [4][8] Shareholder Returns - The company plans to distribute a cash dividend of 1.35 yuan per 10 shares, totaling approximately 1.372 billion yuan, which is 37.53% of the net profit [19] - The proposed dividend reflects the company's commitment to returning value to shareholders while maintaining financial stability [19] Future Plans - The company aims to enhance corporate governance and compliance, focusing on risk management and investor relations [8][9] - Plans for 2025 include applying for credit lines totaling up to 8 billion yuan from various financial institutions [24][25]

Core Viewpoint - The conference focused on the high-quality development of listed companies in Guangxi, emphasizing the role of financial empowerment and innovative strategies to enhance economic growth in the region [1][3]. Group 1: Financial Empowerment Strategies - The Deputy Director of the Financial Office of the Autonomous Region highlighted the need for listed companies to adhere to the new "National Nine Articles," utilize market value management tools, and leverage policy benefits from the "Six Articles on Mergers and Acquisitions" to seize opportunities in artificial intelligence [3]. - Zhang Yifei from Shenwan Hongyuan Securities proposed three key strategies for financial empowerment: using value management as a guiding principle, mergers and acquisitions as an accelerator for new productive forces, and providing full-cycle services to help companies transition from scale growth to value enhancement [5]. Group 2: Industry Insights and Recommendations - Chief Economist Yang Chengchang emphasized Guangxi's strategic position as a hub in the new western land-sea corridor, advocating for the integration into "terminal-driven" industrial chain clusters to promote collaborative innovation across the supply chain [7]. - The conference included discussions on value management, the application of financial tools, and strategies for shareholder empowerment, providing valuable insights and practical guidance for listed companies aiming for high-quality development [7].