2024-03-26-上交所科创板-CRSC_Value_and_Return_Enhancement_Action_Plan_in_2024_8页_260kb

CRSC Value and Return Enhancement Action Plan (2024) Summary

CRSC aims to improve company quality and investor returns through strategic measures in operations, innovation, shareholder engagement, and governance. The plan focuses on four key areas:

• Business and Operational Focus: Enhance main industries like rail transportation by developing high-end markets, controlling costs, and increasing efficiency, targeting steady growth in economic metrics.
• Innovation and Technology: Boost R&D investment to 5% or more, drive original technology for rail systems, and accelerate application of innovations in key projects.
• Investor Returns and Shareholder Value: Implement cash dividend policies, encourage shareholder actions, and strengthen market value maintenance to provide stable returns.
• Communication and Governance: Improve investor relations with regular updates and interactive activities, while enhancing corporate governance for transparency and compliance.

Key initiatives include market expansion in rail, cost control measures, ESG commitments, and forward-looking strategies.