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SGIS Songshan announces measures to stabilize stock price

April 10, 2025 at 05:02 AM UTCBy FilingReader AI

In response to recent irrational stock market fluctuations, SGIS Songshan today announced a series of measures aimed at maintaining the stability of its stock price and bolstering investor confidence. The company will focus on reducing costs through efficiency improvements across its operations and by optimizing its raw material sourcing and product structure. A key element is maximizing the performance of the company's production lines, and reducing energy, logistics, and material consumption. The company will also focus on product innovation to boost profitability. SGIS Songshan's controlling shareholder and senior management team have committed to not reducing their holdings in the company's stock for six months, beginning April 10, 2025. The company reaffirmed its commitment to its existing shareholder return plan, referencing its already approved plan from 2023-2025, that already shows an average dividend payout ratio of 243%. From 2021-2023 the company paid out CNY 5.57 billion in dividends. Finally, the company will enhance its investor relations efforts through improved information disclosure and communication.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000717Shenzhen Stock Exchange
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