中国长城(000066) - 中国长城投资者关系管理信息

Group 1: Market Performance and Stock Issues - The company's stock price has been declining for four consecutive years, with a significant drop during downturns compared to the sector, and a slower recovery during upturns [2] - Investors expressed concerns about the company's lack of effective solutions to address stock price issues and the impact on secondary market financing [2] - The company acknowledged that stock price fluctuations are influenced by multiple factors, including market and industry conditions, and committed to improving operational performance and shareholder value [2][3] Group 2: Investment and Financial Performance - The company has invested in Feiteng to gain market share in chips, but the financial results of Feiteng are not consolidated into the company's financial statements, raising questions about investment value [2] - The company reported a reduction in losses compared to the previous year, focusing on core business and cost control measures [4] - Financial investments have faced long-term losses, which have been cited as reasons for performance warnings, but the company maintains that these investments are conducted cautiously and have minimal impact on overall operations [4] Group 3: Strategic Focus and Future Outlook - The company is committed to enhancing internal management, optimizing business structure, and expanding market reach to achieve steady performance improvement [4][5] - The company aims to leverage national policies and industry opportunities to enhance its performance and shareholder returns [4] - There is a focus on developing autonomous computing products and services to support various industries, including low-altitude economy applications [4][5] Group 4: Share Buyback and Market Strategy - The company has been questioned about its stock buyback strategy, with concerns that stock price suppression may be a tactic to repurchase shares at lower prices [5] - The company clarified that stock price fluctuations are influenced by macroeconomic and industry factors, and buybacks will be executed based on market conditions [5] - The company plans to continue its buyback program, with a commitment to repurchase at least 16 million shares within the year [5]