Today, Shanghai's state-owned enterprise reform concept stocks strengthened. As of press release, Jinjiang Online has 7 consecutive boards. Foreign Service Holdings, Fudan Fuhua, Shanghai Mercantile Trade, Transportation Co., Ltd., and Changjiang Investment have also risen and stopped.
Financial Services Association, July 17. Today, Shanghai's state-owned enterprise reform concept stocks strengthened. As of press release, Jinjiang Online has 7 consecutive boards. Foreign Service Holdings, Fudan Fuhua, Shanghai Mercantile Trade, Transportation Co., Ltd., and Changjiang Investment have also risen and stopped.
According to the news, on the afternoon of July 16, the Shanghai State-owned Assets Administration Commission held a symposium on market value management. He Qing, Party Secretary and Director of the Municipal State-owned Assets Administration Commission, presided over the meeting and delivered a speech. Lin Yibin, deputy director of the Municipal State-owned Assets Administration Commission, attended the meeting.
He Qing pointed out that strengthening market value management is the general trend of capital market reform, a clear requirement for actions to deepen the reform and upgrading of state-owned enterprises, and it is also the proper meaning of high-quality development of listed companies. We must fully understand the special importance of strengthening the market value management of listed state-owned companies in Shanghai, effectively unify ideas and actions into the Central Financial Work Conference and the spirit of the new “Nine National Rules”, implement the strategic plans of the municipal party committee and municipal government, and contribute the responsibility of state-owned assets and the strength of state-owned enterprises to the high-quality development of the capital market. We must insist on taking multiple measures together to improve the market value management capacity and level of Shanghai state-owned listed companies. It is necessary to use continuous value creation as the foundation for market value management, concentrate resources to develop core businesses, promote scientific and technological innovation and industrial upgrading, and raise total factor productivity and profit levels. Standardized value management should be the key to market value management, make good use of various market value management tools and capital market platforms, and optimize the layout around the city's key industries. Effective value transmission should be used as a guarantee for market value management, strengthen investor relations management, improve information disclosure mechanisms, enhance transparency and integrity, and create a responsible image of a listed company. It is necessary to strengthen coordination and establish a market value management system for Shanghai state-owned listed companies with Shanghai characteristics. It is necessary to give full play to the leading role of a professional platform, rely on the comprehensive financial advantages of the Shanghai International Group, coordinate various resources, and develop professional capabilities. It is necessary to give full play to the main role of enterprise groups and lead and promote holding listed companies to enhance their core competitiveness. It is necessary to give full play to the supporting role of intermediaries to help listed companies tell good capital market stories.
It is worth noting that in addition to being a local stock company in Shanghai, the 7-game Jinjiang Online is also a partner of the recently popular driverless driving concept. According to data, Jinjiang Online's main business includes international freight forwarding, car passenger transportation, cold chain logistics, prepared dishes, etc. In terms of performance, the company's revenue for the first quarter of 2024 was about 0.465 billion yuan, down 1.93% year on year; net profit attributable to shareholders of listed companies was about 39.3307 million yuan, up 168.07% year on year.
On the evening of July 16, the company issued another stock trading risk warning notice. According to the announcement, from July 8 to July 16, the total increase in the company's stock trading price reached 74.55%. There may be a risk of decline after a large short-term increase. Investors are kindly requested to pay attention to secondary market trading risks, make rational decisions, and invest prudently.
Jinjiang Online said that the company's production and operation situation is normal, the internal production and operation order is normal, there have been no major changes in the daily business situation, no major adjustments have been made to the market environment, industry policies, etc. where it is located, and there is no major information that should be disclosed but not disclosed.
However, Jinjiang Online also mentioned in the announcement that it is concerned that the smart taxi concept has received a lot of attention in the market recently. Currently, some Jinjiang Rental companies under the company and related partners have carried out intelligent connected unmanned taxi demonstration operation activities in designated areas in Shanghai's Jiading District and Lingang New Town.
In recent trading days, due to the rise in the concept of intelligent connected vehicles, the stock price of Volkswagen Transportation, which is also in the Shanghai sector, has also soared. As of press release, the stock has risen more than 76% in 8 trading days.
On July 16, Volkswagen Transportation also stated in a stock trading risk alert announcement that the company is concerned that intelligent connected vehicles have received a high level of market attention recently. This model is currently still in the experimental stage and basically does not generate revenue for the company. There is still uncertainty about future business development trends, and it will not have a significant impact on the company's business activities in the short term.