The Shenzhen Stock Exchange ("SZSE") recently released its information disclosure evaluation results on SZSE-listed companies for 2023-2024. Guangdong Xinbao Electrical Appliances Holdings Co., Ltd. (stock code: 002705) received the highest "A" (excellent) rating among Main Board listed companies for its ongoing standardized corporate governance, high-quality information disclosure, and good investor relations maintenance. It was the eighth consecutive time that Xinbao has won the "A" (excellent) rating for information disclosure from SZSE.
According to the stock exchange's public information and relevant market statistics, 487 companies got an "A" rating for information disclosure, representing 17.38% among the 2,802 SZSE-listed companies included in the evaluation, and 147 companies received an "A" rating for five years in a row, accounting for 5.25%. (Sources: An's Information; Wind)
Information disclosure evaluation is an important tool for regulatory authorities to check how public companies perform on transparency, compliance and timeliness of information transmission. SZSE's information disclosure evaluation of listed companies covers multiple dimensions such as the level of regulated operations and the degree of investor protection, subject to relevant laws and regulations and based on the quality of the listed companies' information disclosure. Under the relevant provisions of the Self-Regulatory Guidelines No. 11 for Companies Listed on Shenzhen Stock Exchange – Information Disclosure Evaluation, listed companies that have obtained an "A" rating will be entitled to corresponding policy support and facilitation in merger & acquisition, reorganization, and refinancing reviews.
Since its listing, Xinbao has been intensifying efforts in corporate governance, information disclosure, and investor relations management, attaching great importance to these areas. It improves the internal working mechanism, strengthens supervision over the duty performance of directors, supervisors and senior executives, maintains robust operations, optimizes corporate governance, and enhances risk management on an ongoing basis. While ensuring regulated operations, the company performs information disclosure up to high standards of excellence. At the same time, guided by investor needs, Xinbao conveys its corporate values through diverse channels, actively builds open, fair, transparent, and multi-dimensional investor relations, and continuously deepens investors' understanding of its development strategies, financial position, operating conditions, and development prospects. These efforts have enhanced recognition from investors and effectively boosted the company's value and industry influence. Prioritizing investor returns, Xinbao implements stable profit distribution and active share repurchase schemes. It has distributed total cash dividends of RMB 2.711 billion and spent approximately RMB 510 million on share repurchases since its listing, fully demonstrating its strong commitment to the interests of investors.
Going ahead, Xinbao will, under its established strategic plans, strengthen its principal businesses, with a focus on innovative product R&D. It will also further enhance the influence of its proprietary brands, deepen its presence across channels, and refine the supply chain system to enhance its core competitiveness. Guided by the principle of "further improving the development quality as a listed company", Xinbao will strictly follow regulatory requirements, continuously improve corporate governance, enhance regulated operations, elevate the quality of information disclosure, and effectively safeguard the legitimate rights and interests of investors. It will always keep in mind returns to shareholders, effectively enhance investors' sense of gain, and make active contributions to stabilizing the market and investor confidence.
