On the afternoon of September 24, Shanghai Sanmao Enterprise invited Mr. Ding Lubin, Director of Investment Banking Business Line and Sponsor Representative of Huatai United Securities Co., Ltd., to conduct a special training seminar on market cap management. This training focused on the theme of 'market cap management', discussing aspects such as an overview of the company's current situation, market cap and market cap management, related management tools, and assessment system. By combining the requirements of listed companies and state-owned enterprises, it further clarified the importance of market cap management and related practices. It deepened the learning and understanding of market cap management for the participants, providing good practical guidance for future relevant management work.