Shougang outlines plan to boost valuation amid share slump

Beijing Shougang (SZSE:000959) has unveiled a comprehensive valuation enhancement plan after its stock price remained below its net asset value per share for twelve consecutive months. The plan focuses on boosting profitability through technological innovation, cost reduction, and intelligent manufacturing upgrades. Shougang aims to increase shareholder returns, with a target payout ratio of at least 30% of net profit, and will enhance investor communication through increased engagement and transparent disclosures. The company will also explore diverse incentive structures for its employees and encourages major shareholders to increase their holdings. Furthermore, Shougang plans to issue up to RMB 6 billion in ultra-short-term financing bonds to optimize its capital structure, pending shareholder and regulatory approvals. The company's board has authorized management to handle all related matters, ensuring efficient execution of the plan.