证券日报网讯 12月25日，海顺新材在互动平台回答投资者提问时表示，公司将围绕"价值创造、价值实 现、价值经营"三位一体理念展开工作，包括降本增效、加快产能爬坡、加大研发与市场开拓力度等， 以提升公司业绩和市值，促进债转股。公司会积极关注外延式发展机会，并继续落实回购、员工持股计 划工作，加强与投资者沟通，传递公司价值。若可转债到期未能全额转股的情况，公司将按照《募集说 明书》及相关法规要求，妥善安排资金进行赎回，确保投资者权益。公司将根据市场情况和公司发展需 要，综合考虑各种融资方式，包括定向增发、新项目募资等，以支持公司的持续发展。公司会严格按照 法律法规的相关规定进行信息披露。 （文章来源：证券日报） ...

企业负责人把文化做好，战略、投资决策、选人用人、风险防范才能做好。 文｜《中国企业家》记者 马吉英 见习记者 苗诗雨 编辑｜马吉英 见习编辑｜张昊 图片来源｜中企图库 12月6～7日，由《中国企业家》杂志社主办的2025（第二十三届）影响力企业家年会（原中国企业领袖年会）在北京召开。在7日的主旨演讲环节，中国 建材股份有限公司执行董事、副总裁王兵针对《文化和善治》进行了主题演讲。 以下为核心观点： 1.文化不仅是领导说的、墙上贴的，还要看是否言行合一和上行下效，它应该是领导和员工的真实行事方式。 4.新上任的董事长、总经理都要想一想，卸任以后，你的任期是否会被历史认为是企业的"垃圾时间"，甚至你是否是企业的"罪人"。如果经常问自己这两 句话，你就会做出正确的决策。 以下为现场演讲实录（有删减）： 刚才江南春作为现任的上市公司董事长讲得很好，我是作为卸任的上市公司董事长交流一下复盘和思考。 文化是什么？是使命、愿景、价值观，是公司治理、行为准则、企业文化等的总和。文化不仅是领导说的、墙上贴的，还要看是否言行合一和上行下效， 它应该是领导和员工的真实行事方式。 文化是企业的软实力和竞争力。没有好的文化，公司治理也 ...

他进一步表示，上述正向循环机制可以拆分为三个环节：首先是价值创造，提升企业的经营质量；其次是通过价值传播的方式和资本市场沟通，让资本市场 了解并认可企业；最后则是价值经营，即市值提升之后再用资本运作的手段反哺到生产经营，从而实现经营质量提升。也就是说，价值创造和价值经营的目 的都是为了提升企业的经营质量，其中价值创造是基础，价值经营是杠杆，基础要打牢，杠杆才有意义，价值传播才会顺理成章。 经济观察报记者 邹永勤 2025年12月1日，深圳价值在线信息科技股份有限公司联合创始人刘守卫在当天召开的"2025中国AI赛道与ESG可持续发展大会"上，发表了其对当前资本市 场市值管理现状的一些看法。 据刘守卫介绍，A股市场的市值管理是在2005年提出来的，经过20来年的发展，正统的市值管理方式包括并购、股权激励、投关、战略规划等，这几种方式 在各自的领域都起到了非常重要的作用，但亦存在一些不足，所以也有个别企业会铤而走险，寻求短平快的伪市值管理方式。 刘守卫认为，《上市公司监管指引第10号——市值管理》的发布，背后有着深刻含义。首先，除了要肃清伪市值管理，还要提高A股和国企的估值，提升国 际竞争力；其次，是要规范短期行 ...

Core Viewpoint - The future development direction of Kweichow Moutai is outlined by Chairman Chen Hua, emphasizing value creation, operational vitality, and substantial value realization across five perspectives [1] Group 1: Consumer Perspective - The company aims to provide excellent products and services to consumers, focusing on enhancing their quality of life and overall experience as its core mission [1] Group 2: Employee Perspective - Kweichow Moutai intends to maintain its foundational business, becoming a nurturing environment for employee growth and a stable place for their livelihoods [1] Group 3: Investor Perspective - As a responsible publicly listed company, Kweichow Moutai is committed to creating sustainable value for its shareholders [1] Group 4: Partner Perspective - The company seeks to ensure that every participant in its supply chain finds development opportunities and achieves mutual benefits [1] Group 5: Social Perspective - As a national brand, Kweichow Moutai emphasizes its responsibility to practice accountability and maintain stable, healthy, and sustainable development [1]

Core Viewpoint - The management of Beixin Building Materials acknowledges the impact of macroeconomic conditions and industry developments on stock performance, emphasizing a commitment to value management and growth strategies [1] Group 1: Company Performance - Beixin Building Materials' stock price has reached a 10-year low, contrasting with the Chinese stock market hitting a 10-year high [1] - The company plans to continue its long-term strategy of value management and the "Nine-Grid Management Method" to enhance internal growth and external development [1] Group 2: Market Context - The performance of Beixin Building Materials is influenced by various factors, including macroeconomic conditions and changes in the industry over the past decade [1] - The company aims to ensure that its investment value accurately reflects its quality amidst these changing market dynamics [1]

Core Viewpoint - The company emphasizes balanced development in scale, quality, and efficiency, aiming to enhance sustainable profitability and create more value for shareholders [1] Group 1 - The company is committed to value management and sustainable development [1] - The company employs a "Nine-Grid Management Method" to guide its operations [1] - The company aims to improve its continuous profitability capabilities [1]

Group 1: Market Conditions and Product Pricing - The decline in gypsum board product prices is attributed to three main factors: insufficient industry demand, intensified market competition, and the company's strategic transformation in response to changing industry needs [2] - The company aims to counteract the decline in market demand and promote gypsum board price increases through product upgrades and technological innovations [2] Group 2: Business Growth and Strategy - The two wings of the business (waterproofing and coatings) have maintained growth due to high-quality offerings and effective brand building, particularly in the context of real estate adjustments [2][3] - The company will continue to adopt a combined strategy of internal growth and external expansion, focusing on niche markets to drive sustainable high-quality development [3] Group 3: International Expansion - The company has established a preliminary layout for overseas business in regions such as Africa, Southeast Asia, Central Asia, Europe, and the Mediterranean, planning to expand from existing production bases [3] - The strategy for overseas business development will involve a combination of internal growth and external development, promoting coordinated growth across all product lines [3] Group 4: Performance Metrics and Goals - The company emphasizes a balanced pursuit of scale, quality, and profitability, aiming to enhance sustainable profitability and create more value for shareholders [3] - In the waterproofing sector, the current focus is on quality and service, with a commitment to industry health and collaboration with peers to drive innovation and market growth [3]

Core Viewpoint - The company aims to become a model for the management of small and medium-sized insurance companies in China, focusing on maximizing value as the sole standard for evaluating all work, and achieving synergy between company and individual values [1] Group 1: Channel Transformation and Management - The company recognizes that a scientific and complete system is essential for business development and profit goals, leading to the establishment of a "production-based investment" expense management system [2] - This system focuses on annual business planning and profit targets, ensuring that every expense maximizes its utility, thereby optimizing the company's investment-output ratio year by year [2][5] - A comprehensive channel management approach has been developed, which includes standards for classification, personnel selection, configuration, and cost input, promoting an upgraded channel management model [3] Group 2: Incentive Mechanisms and Team Motivation - The company has reformed the compensation structure for management personnel in individual insurance channels, creating a new mechanism that links fixed salaries and incentives to business scale without increasing costs [4] - This new compensation structure encourages a competitive atmosphere by rewarding high-performing managers and eliminating underperformers, thus enhancing overall team motivation [4] Group 3: Management Efficiency and Performance Monitoring - The company utilizes a visual tracking report system to monitor key operational indicators in real-time, allowing management to quickly identify and address critical issues [5] - This approach ensures that the company's operational strategies align with market demands and corporate goals, providing a strong foundation for stable business development [5] Group 4: Achievements and Future Directions - The company has achieved a 12% year-on-year increase in overall performance while reducing expense inputs by 10%, indicating a continuous optimization of investment-output levels [6] - These results affirm the strategic direction of value management and investment optimization, laying a practical foundation for the company's ongoing high-quality development [6]

Group 1 - The core viewpoint of the article highlights that Beixin Building Materials (000786) is facing intensified market competition in the gypsum board, waterproof materials, and coatings industries due to a decline in domestic market demand [1] - The company is committed to value management and employs a "Nine-Grid Management" approach, focusing on both internal growth and external development [1] - The performance of the company's stock in the secondary market is influenced not only by its operational performance but also by macroeconomic conditions, the overall capital market environment, and industry development factors [1]