On November 28, the "2023 China Star Fund and Listed Company Value Summit Forum," organized by Securities Times, convened in Shenzhen. During this distinguished event, the 17th iteration of the China Listed Company Value Evaluation Awards was announced. In recognition of its outstanding operational performance and a commendable market image, Huayou Cobalt (603799) was bestowed with the esteemed accolade of "Top 100 Value Companies on the Main Board of China." Concurrently, Li Rui, Secretary of the Board of Directors, was honored with the title of "Sunshine Secretary of China Listed Companies."
As an event of paramount significance in the realm of domestic listed company evaluations, the "China Listed Company Value Evaluation" has been successfully held for seventeen years. Its primary objective is to discern and spotlight high-caliber companies within the capital market, thereby contributing to the continual enhancement of listed company value. Throughout this evaluation, a rigorous screening process involving over 5,000 domestic listed companies and stringent assessments by professional evaluators and regulatory units at all levels culminated in the recognition of the Top 100 Value Companies on the Main Board. This distinguished acknowledgment underscores the capital market's profound appreciation for Huayou Cobalt's governance practices, profitability metrics, growth capabilities, and the quality of its information disclosure, serving as a testament to the company's comprehensive competitive strength.
Commencing the year 2023, the company has adeptly aligned itself with the prevailing market dynamics, capitalizing on strategic growth opportunities. Firmly entrenched in the execution of its "Two Leading" competitive strategy and "One of the Best" business strategy, Huayou Cobalt has adhered to a holistic management philosophy emphasizing comprehensive coordination, fortified safeguards, structural optimization, and risk management. The company has reinforced the synergy between production, supply, and market dynamics, meticulously calibrated resource allocation, capacity alignment, and demand forecasting. This concerted effort has fortified the company's operational foundation, elevated development quality, and heightened innovation capabilities. The tangible outcomes manifested in the company's exceptional performance during the initial three quarters of 2023, with reported operating income reaching CNY 51.091 billion—an impressive YoY growth of 4.88%—and a net profit attributable to the parent company totaling CNY 3.013 billion.
The symbolic moment on January 29, 2015, when Huayou Cobalt ceremoniously debuted on the Shanghai Stock Exchange, marked a pivotal success in its capital market journey. Throughout the ensuing years, Huayou has systematically fortified its financial position, fostering profitability enhancement, cultivating robust communication channels and trust with shareholders, steadfastly adhering to a long-term orientation, and consistently creating tangible value. Huayou Cobalt has not only realized continuous improvements in profitability but has also established a conducive investment environment through timely information disclosure, shareholder returns, and multifaceted interactions with investors during strategic seminars.
Driven by this prestigious recognition, Huayou Cobalt is unwavering in its commitment to leverage this honor as a propellant for continued advancements in the high-quality development of new energy lithium batteries. Huayou is steadfast in its pursuit of refining and advancing its operational capabilities. As it charts the course for the future, Huayou Cobalt remains resolute in deepening institutional innovation, upholding a prudent management ethos, seizing industry opportunities, fortifying refined management practices, and maintaining a steadfast focus on high-quality development. Simultaneously, the company is poised to lead sustainable high-quality development through an elevated level of openness. Scientifically harnessing the power of the capital market, Huayou Cobalt aspires to create ever greater value for society and its esteemed shareholders.
