SCMF(000731)2024-09-07 08:46Group 1: Financial Performance - The company raised 1.586 billion CNY, accounting for 142% of the funds raised in the capital market [2] - Cumulative cash dividends over the past three years accounted for 81% of the average distributable profit, with 2023 cash dividends (including share buybacks) accounting for 50.33% of the net profit attributable to shareholders [2] - The company has implemented three share buyback plans since 2021, using a total of 227 million CNY, resulting in a reduction of 17.7467 million shares after the first two buybacks [2] Group 2: Investor Relations and Market Value - The company emphasizes the importance of enhancing the quality and investment value of listed companies, balancing future development, performance growth, and shareholder returns [2] - The management acknowledges the need for increased promotional efforts to attract more institutional investors [3] - The company is committed to maintaining good communication with investors and will enhance interactions with institutional and individual investors [3] Group 3: Operational Insights - The company reported a net loss of 8.69 million CNY for Meifeng Industrial, primarily due to operational expenses and taxes [4] - The net loss for the high polymer company was 16 million CNY, attributed to new products in trial production and market development [4] - The company plans to strengthen market expansion and marketing team development for the high polymer segment [4] Group 4: Future Plans and Strategies - The company aims to implement a mid-term cash dividend plan, which was disclosed on August 27, 2024, pending approval at the shareholder meeting on September 13, 2024 [5] - The company is focused on enhancing its core business and improving operational quality as part of its long-term strategy [6] - Future development will include a focus on the real estate sector, particularly regarding the development of idle land in Mianyang [7] Group 5: Shareholder Engagement - The company is open to suggestions regarding share buybacks and will consider implementing a plan to buy back approximately 200 million CNY worth of shares [4] - The management is aware of the low stock price and is considering measures to stabilize it, including potential employee stock ownership plans [6] - The company will continue to communicate its operational information to the market to enhance investor understanding and recognition of its value [8]