Kweichow Moutai, SAIC, Other 15 Shanghai-Listed Firms Attend Event to Boost Investor Confidence
Huang Siyu
DATE:  Oct 19 2023
/ SOURCE:  Yicai
Kweichow Moutai, SAIC, Other 15 Shanghai-Listed Firms Attend Event to Boost Investor Confidence Kweichow Moutai, SAIC, Other 15 Shanghai-Listed Firms Attend Event to Boost Investor Confidence

(Yicai) Oct. 19 -- Seventeen Chinese companies listed on the Shanghai Stock Exchange, including liquor giant Kweichow Moutai and carmaker SAIC Motor, have attended a roadshow event organized by the Shanghai bourse to boost investor confidence.

The firms, engaged in the food and beverage, electrical equipment, chemical, and automobile industries, have showcased their advantages, performance trends, and future plans with the aim of responding to China’s call to activate capital, boost investor confidence, and promote investment, financing, and trading.

Thirty other companies listed on the SSE are expected to carry out similar roadshow events in the future.

Kweichow Moutai has reported an employee turnover rate of 0.03 percent last year, which is a core competitive advantage of Kweichow Moutai, Jiang Yan, chief financial officer, deputy general manager, and secretary of the board of the Zunyi-based company, said at the SSE event yesterday.

Kweichow Moutai has dished out a total of CNY208.7 billion (USD28.5 billion) worth of dividends, equal to more than 50 percent of its net profits since listing in 2001, Jiang noted.

As a traditional Chinese brand facing the new consumption trend, Kweichow Moutai must embrace the younger generation and persist in internationalization to maintain a young and robust performance, Jiang said about the company’s cooperation with Luckin Coffee and Dove on liquor-flavored coffee and chocolates, respectively.

“By 2025, half of SAIC Motor’s total sales will be new energy vehicles and intelligent connected vehicles,” the carmaker’s Secretary-General Chen Xun said. “More than 20 percent of our sales will be overseas by then,” Chen added, noting that the firm will also make breakthroughs in structural optimization.

Supcon Technology, a Chinese supplier of intelligent manufacturing solutions for the processing industry, is actively seeking cooperation on high-end global products and technology suppliers, said Fang Yongsheng, the firm’s vice president, secretary of the board of directors, and CFO.

In the future, with the realization of China’s carbon peak and carbon neutrality goals, new energy will continue to achieve strong growth, said Jiao Haihua, secretary of the board of directors of TBEA, a Chinese transformer manufacturer.

Ultra-high voltage direct current will transmit new energy from suppliers to consumers, while the UHV alternating current ring network will balance the fluctuations brought by new energy power, meeting the demand for new power systems, Jiao noted.

Editor: Futura Costaglione

Follow Yicai Global on
Keywords:   Kweichow Moutai,Shanghai Stock Exchange