Lately, “The 14th (2020) Chinese Listed Companies Value Selection” guided by People's Daily Financial Media Group and sponsored by Securities Times was revealed. Luen Mei Quantum (600167.SH) was re-elected “Top 100 main board listed companies values” by virtue of steady business growth and strong corporate governance ability.

It is reported that selection of “Top 100 main board listed companies values” covered 22 Shenwan primary industries and screened out excellent enterprises with the greatest investment value using quantitative and qualitative approaches, through combing, comparing and calculating multi-dimensional indexes of finance and investment of listed companies and combined with study and judgment of corporate governance, finance and operation capacity made by judges of industry organizations. 

In insider’s viewpoint, value investing led the trend again with the rise of A share core assets and companies in the ranking list led the long-term steady and healthy development direction of A share as a benchmark of value investing. Luen Mei Quantum was awarded “Top 100 main board listed companies values” by virtue of steady business growth, constantly optimized assets structure and the leading position in heat supply + high-speed rail media and its development prospects were recognized in the market.

The semiannual report lately released by Luen Mei Quantum showed steady business growth by virtue of the business growth model driven by “clean heat supply + high-speed rail media” in the turbulent macroeconomic environment.

In the first half of 2020, the Company achieved revenue of 2.036 billion Yuan with a year-on-year growth rate of 23.77% and net profit of 976 million Yuan with a year-on-year growth rate of 17.50%, including net profit of 936 million Yuan with a year-on-year growth rate of 15.12% vested in common stockholders of listed companies.

It’s worth noting that Wind data showed all A share listed companies achieved revenue of 23.53 trillion Yuan with a year-on-year decrease rate of 2.85% and net profit of 1.85 trillion Yuan with a year-on-year decrease rate of 18.24% vested in parent companies in the first half of 2020. Was A share showed a downturn in overall performance in the first half year, Luen Mei Quantum had growth against the trend, indicating its sustainable profitability. Luen Mei Quantum was listed in “Top 50 core assets” more than once by virtue of excellent quality, strong profitability and sustainable profit model. According to Top 50 core assets released by Securities Times?Data on September 2, Luen Mei Quantum was included and its investment value was recognized.

It was mentioned in Data that core assets represented China’s best assets and played an important role in relevant fields. With stable business performance, they have received attention for a long time. Therefore, “Top 50 core assets” had stable performance since released.

As a representative of “core assets”, Luen Mei Quantum was chosen to the ranking list for consecutive 3 times in January, May and September, 2020, indicating strong sustained growth ability and anti-risk capability.