On December 3, the China Association for Public Companies announced the best and excellent practices in 2023 annual report earnings conference by public companies. China's Industrial Bank (CIB) was awarded the "Best Practice in 2023 Annual Report Earnings Conference by Listed Companies." CIB's practice of adheres to its principles while embracing innovation and taking multiple initiatives to improve the quality and experience of its earnings conference has been widely recognized by the capital market.
Earnings conferences serve as an important channel for communication between investors and public companies. Since its listing, CIB has placed high importance on communication with the capital market, holding annual and semi-annual earnings conferences regularly to share the company's development and address market concerns. In recent years, CIB has innovated the format of earnings conferences, leveraging new media channels and adopting innovative methods such as "in-person interaction + online live streaming," "Chinese communication + simultaneous English interpretation," and "brokerage research + media reporting" to continuously enhance the quality and experience of earnings conferences, effectively fostering positive interactions with investors, actively demonstrating the achievements of building a value-driven bank, and boosting investor confidence.
Taking CIB's 2023 annual report earnings conference as an example, nine representatives from the management team and department heads participated in person, actively addressing 13 questions of common concern to investors. The conference invited mainstream investment institutions, brokerage analysts, media journalists, rating agencies, and small to medium investors, achieving broad coverage of market entities. Additionally, independent directors, along with heads from the bank's headquarters departments, branches, and subsidiaries, attended the conference to better understand the concerns of the capital market and more effectively drive two-way interaction between business operations and the capital market. The conference was held in a 'offline + online' and 'Chinese + English' format, with access provided via multiple channels, including web and app versions of the panoramic live streaming platform, WeChat live streaming, and the CIB app. The number of online participants exceeded 200,000 for the first time. After the conference, multi-dimensional promotion of the annual report and earnings conference was conducted through media coverage, brokerage research reports, and the official platform, utilizing innovative digital communication methods such as images and short videos to help investors better understand the company's financial metrics.
"In the next phase, CIB will thoroughly implement regulatory requirements for market value management and earnestly execute the action measures of 'improving quality and efficiency to enhance returns.' The bank will continue to focus on fostering high-quality company development, advancing the construction of five core competencies—'strategy execution, customer service, investment and trading, comprehensive risk control, and management implementation'—to build a value-driven bank characterized by 'strong profitability, deep customer collaboration, low risk costs, balanced business structure, and distinct operational characteristics,' thereby continuously enhancing the company's investment value," stated Xia Weichun, Board Secretary of CIB.
According to statistics from the China Association for Public Companies, a total of 5,130 listed companies on the Shanghai, Shenzhen, and Beijing Stock Exchanges held 2023 annual report earnings conferences this year. After conducting a comprehensive evaluation of the earnings conferences held by listed companies and fully communicating with local securities regulatory bureaus, the Shanghai, Shenzhen, and Beijing Stock Exchanges, as well as the Investor Service Center, the China Association for Public Companies ultimately selected 100 companies for the 'Best Practices in 2023 Annual Report Earnings Conferences.'