Over the past year, the global epidemic has been repeated and the economy has fluctuated. In the capital market, opportunities and challenges coexist.
The share price of 80% of China concept stocks fell, the overall market value shrank by nearly 1 / 3, and delisting and return became a trend; Internet, real estate, education, Baijiu and other stock market experienced heavy hammer. “Chip shortage” swept the world, and semiconductor companies performed brilliantly; The concept of meta universe was born; “Carbon neutralization” ignited the concept of new energy, but the value is still controversial. “Ningmao” encountered valuation challenges at the end of the year.
Under the background of the pilot reform of the new share issuance registration system, the number of A-share IPO enterprises and the total amount of fund-raising in 2021 set a new historical record. with the establishment of the Beijing stock exchange, the A-share market officially entered the era of “Beijing, Shanghai and Shenzhen”, the total market value crossed the threshold of 90 trillion, and the number of listed companies approached 4700.
According to the statistics of 21 data news laboratory, as of December 31, 2021, there were 8276 Chinese listed companies listed on 16 major exchanges in the world, including Shanghai, Shenzhen, Beijing, Hong Kong and New York (excluding delisted companies), an increase of 534 compared with the previous year. The total market value was 141.98 trillion yuan (RMB, the same below), an increase of 3.95% over the previous year.
Under the tuyere rotation, the top 500 companies also suffered a reshuffle.
At the beginning of the new year, 21 data news laboratory launched the latest list of China’s top 500 listed companies by market value. This is the fifth consecutive year that we have produced and released this list. The data news laboratory tries to review the economic changes in the past year and look for the future development trend.
TSMC ranks first
Contemporary Amperex Technology Co.Limited(300750) market value exceeds trillion
If you sail against the current, you will fall back if you don’t advance.
According to the statistics of 21 data news laboratory, the latest top 500 companies have a total market value of 88.25 trillion yuan , contributing 62% of the market value with 6% of the number of companies, but the proportion has decreased by 6 percentage points compared with the previous year. Two thirds of the top 500 companies are listed on a shares.
The entry threshold continues to rise. Last year, the 93 Offcn Education Technology Co.Ltd(002607) (002607. SZ) “fell” into a “goalkeeper”, holding the position of the top 500, and the threshold of 48.476 billion increased by 8.71% year-on-year.
The seats of top20 companies changed significantly, and the market value of 12 companies exceeded trillion, down 2 from the previous year.
Tencent (0700. HK) and Ali (Baba. N / 9988. HK), which have occupied the “top spot” in turn since 2017, have both stepped down from the altar for the first time. Compared with the previous year, Tencent’s market value decreased by 964.5 billion to the second place; Ali’s market value fell by 2.09 trillion, almost “halved”, and missed the top three. The market value of meituan (3690. HK) and JD (JD. O / 9618. HK) also decreased by nearly 23%, down 1 and 4 places respectively. PDD. O is quitting the trillion market value club.
while the Internet giants were greatly frustrated, leading stocks related to semiconductors and new energy were in the limelight and were highly sought after.
Semiconductor giant TSMC (2330. TW / TSM. N) won the title of market value in China and even Asia for the first time. At present, the total market value is close to 4 trillion, an increase of nearly 25% in the past year. Under the global core shortage, major enterprises generally raise prices and improve production capacity. TSMC accounts for half of the chip OEM market. Since the second quarter of 2020, the share price has risen all the way.
In 2021, the “Ning portfolio” represented by Contemporary Amperex Technology Co.Limited(300750) (300750. SZ) was born. The wind Ning Portfolio Index rose 41% annually, and Contemporary Amperex Technology Co.Limited(300750) became the first trillion market value company on the gem.
By the third quarter of 2021, Contemporary Amperex Technology Co.Limited(300750) had surpassed Kweichow Moutai Co.Ltd(600519) to become the first heavy position stock of public funds, and Byd Company Limited(002594) (002594. SZ), Longi Green Energy Technology Co.Ltd(601012) (601012. SH), Will Semiconductor Co.Ltd.Shanghai(603501) (603501. SH), Eve Energy Co.Ltd(300014) (300014. SZ) in “Ning portfolio” rose sharply one after another.
Although the top trillion market value enterprises have shrunk, the capacity of 100 billion market value companies has expanded to 243, with a year-on-year increase of 23, mainly concentrated in electronics, information technology, banking, large consumption, energy and other industries.
online education has been “offline”
the stock market value of Internet technology has generally shrunk
The new and the old alternate, and the tuyere rotates.
Overall, the top 500 companies are still concentrated in big finance (70), electronics (60), medicine and Biology (39), information technology (38), etc.
According to the statistics of 21 data news laboratory, compared with the previous year, the ranking of 273 companies in the top 500 list has increased, of which 97 are “new faces”; The ranking of 203 has declined, and 97 have been squeezed out of the list.
once beloved sectors such as the Internet, biomedicine and online education have temporarily stopped, and new energy has taken over the handover stick and become a new outlet.
In the top 500 list, there were 19 companies that landed in capital markets in 2021, including Internet technology companies such as Kwai Fu (1024.HK), DIDI.N, 0020.HK, and Yunnan Botanee Bio-Technology Group Co.Ltd(300957) (300957.SZ) and Huali Industrial Group Company Limited(300979) (300979.SZ) of consumption outlets. It is worth mentioning that beiteri (835185. BJ) listed on the Beijing stock exchange also ranked in the list.
Over the past year, with the swing of the antitrust hammer, the share prices of Internet technology stocks have fallen repeatedly, the market value has generally shrunk, and the ranking is almost falling. Pinduoduo’s market value fell below trillion, and the market values of Xiaomi (1810. HK) and Baidu (BIDU. O / 9888. HK) fell 45% and 32% year-on-year respectively. Compared with the middle of 2021, Bili. O fell out of the top 100, iqiyi (IQ. O), microblog (WB. O), VIPs. N and zh. N fell out of the top 500.
the financial industry is still the main force, but the number of listed companies has decreased by 4 year-on-year, and the non bank finance has declined significantly. among them, the number of securities brokers decreased by 5, and the ranking of only 3 of the remaining 19 increased; In 2021, the A-share insurance sector fell by more than 30% annually, and the ranking of insurance companies in the list was declining.
the number of real estate listed companies continued to decrease to 26, of which 16 were listed in Hong Kong stocks. nowadays, “housing without speculation” is deeply rooted in the hearts of the people, superimposed with the downturn of Hong Kong stocks, and the performance of individual real estate stocks is poor.
The “education and training” industry has ushered in a cold winter. Among online education companies, tal. N, edu. N and gotu group (gotu. N / who learned from) have all been “offline” from the list, and only Offcn Education Technology Co.Ltd(002607) remains at 500.
As of December 31, 2021, the latest share prices of Tal, New Oriental and gaotu group have decreased by 96%, 89% and 98% respectively compared with the highs of a year ago.
on the other hand, photovoltaic, wind power, lithium battery and hydropower related to chips, semiconductors and energy are hot tuyere industries in 2021, with an obvious upward trend. China Yangtze Power Co.Ltd(600900) (600900. SH) entered the top 20 list for the first time. In addition to TSMC and Nanjing portfolio, the market value of 19 companies such as China Telecom Corporation Limited(601728) (0728. HK / 601728. SH), MediaTek (2454. TW), Qinghai Salt Lake Industry Co.Ltd(000792) (000792. SZ) increased by more than 100 billion, and the market value of Zangger mining (000408. SZ) increased by more than 4 times.
Among the companies that can best represent the trend of new technology, the list of top 500 companies has also been expanded, from 17 in the previous year to 19, and one member with a market value of 100 billion has been added, which is Xinjiang Daqo New Energy Co.Ltd(688303) (688303. SH) listed less than half a year. It is worth noting that 10 listed companies from the semiconductor industry, 4 more than the previous year.
Although market value is not equal to value, it is also an important yardstick to measure the comprehensive strength of listed companies. On the whole, in the current economic and policy environment, the emphasis on the real economy, core technology and R & D innovation is not only the direction of China’s economic transformation, but also the key to determine the industrial voice and corporate value.
capital enabled regional agglomeration,
More than 50% of the top 500 companies are located in the three major urban agglomerations
Capital cohesion, city breaking circle.
The quantity and quality of listed companies are undoubtedly important indicators to observe the economic vitality of a city, and also reflect its economic development level and gold content.
Compared with the data of previous years, 21 data news laboratory found that the headquarters of the latest top 500 companies with market value are still concentrated in Beijing (101), Shanghai (56), Hong Kong (42), Shenzhen (39) and Taipei (27) , with a very significant head effect, which is also related to the scale effect of industrial innovation.
Taking Beijing as an example, as a national political and cultural center, on the one hand, it has gathered a large number of central enterprises such as the five major banks, PetroChina and Sinopec, and on the other hand, it is also an incubation center for private science and technology enterprises, giving birth to Internet giants such as meituan, Xiaomi and Baidu.
so far, there are 101 top 500 listed companies in Beijing. By the end of 2021, the total market value has exceeded 21.93 trillion, and the volume is close to 25% of all the top 500.
Relatively speaking, Shanghai has many advantageous industries and the distribution of leading enterprises is relatively balanced. However, with the sharp shrinkage of the local “market value king”, it failed to gain a seat in the trillion market value club. Shenzhen, known as the city of innovation, has obvious advantages in finance, electronics, information technology and other fields. It is worth mentioning that, as the main headquarters of the two major industries of Finance and Internet, the number of the top 500 in Beijing, Shanghai, Guangzhou and Shenzhen has shrunk the most, with a total decrease of 23 compared with the previous year.
from the urban agglomeration distribution of top 500 companies with market value, it has high concentration but obvious regional characteristics.
21 the data news laboratory noted that the three strong economic urban agglomerations of Beijing, Tianjin and Hebei, the Yangtze River Delta and the Pearl River Delta gathered more than half of the top 500 companies with market capitalization.
In the Beijing Tianjin Hebei region, except Beijing, Tianjin, Langfang and Baoding all entered the list;
The listed companies in the Yangtze River Delta are more evenly distributed in cities, including 56 in Shanghai, 22 in Hangzhou, 9 in Ningbo and 8 in Jiaxing, with comprehensive industry coverage;
The industrial pattern of Listed Companies in the Pearl River Delta is also diversified, with obvious manufacturing advantages. Private enterprises and innovative enterprises in Shenzhen account for the absolute main force.
The central and western urban agglomerations are slightly inferior, and the urban distribution of the head listed companies tends to be scattered, which is more reflected in the resource advantages. Many three or four city cities successfully broke through, such as Guizhou Renhuai, Sichuan Yibin and Luzhou, respectively, the headquarters of Kweichow Moutai Co.Ltd(600519) (600519.SH), Wuliangye Yibin Co.Ltd(000858) (000858.SZ) and Luzhou Laojiao Co.Ltd(000568) (000568.SZ), and together constituted a triangle area of Baijiu production. The three have the same resource endowment in terms of geographical location (upstream of the Yangtze River to ensure water source quality), climate (subtropical, conducive to microbial reproduction) and raw material supply (Sichuan and Guizhou are rich in sorghum and wheat).
In terms of capital competitiveness, the short board of capital cities in central and western provinces is more obvious. For example, although five companies in Chongqing have entered the list, the overall ranking and market value are not satisfactory. Only Chongqing Zhifei Biological Products Co.Ltd(300122) (300122. SZ) has entered the top 200.
According to the statistics of 21 data news laboratory, as of December 31, 2021, there are about 80 Chongqing enterprises listed at home and abroad, nearly 60% of which have a market value of less than 10 billion, and they are mainly traditional industries, and there is no enterprise listed on the science and innovation board. This is also reflected in the “2021 top 100 online Red cities list” recently launched by 21 data news laboratory. Chongqing withdrew from the top 10 and the score of industrial development index is low.
Coincidentally, the top ten online cities such as Xi’an, Wuhan and Changsha also lack a strong industrial foundation, and few companies are among the top 50 in market value.
21 data news laboratory believes that listed companies, as leaders, are an important force to promote urban economic development and industrial structure upgrading. For the above-mentioned network red cities in the central and western regions, it may be the key to maintain “Changhong”, cultivate listed companies in strategic emerging industries and form industrial clusters.
capital enables innovation and helps industrial transformation, which has also become the goal of major cities. Chengdu is a typical example.
From the change of the number of the top 500 cities, Chengdu has the fastest growth, with 3 new ones compared with a year ago. Both the increment and stock (7) rank first among the cities in central and Western China. New listed companies are also emerging rapidly. According to the statistics of 21 data news laboratory, a total of 20 companies in Chengdu were listed at home and abroad in 2021, which reached a record high, about twice that of 2020, second only to Suzhou and Hangzhou in the new first tier cities. Among them, there were 8 IPOs on the science and innovation board, including star enterprises with a market value of 10 billion, such as Chengdu Xgimi Technology Co.Ltd(688696) (688696. SH).
“During the 14th Five Year Plan period, we will strive to have more than 200 domestic and foreign listed enterprises in the city, with an average annual growth of more than 15. We will support and guide the growth of Listed Companies in the field of scientific and technological innovation and new economy, accounting for more than 80%.” The implementation opinions on promoting the improvement of the quality of listed companies issued by Chengdu municipal government in April 2021 once put forward.
In the future, what changes will China’s top 500 listed companies usher in? We’ll see.
latest complete list of China’s top 500 listed companies by market value ↓↓
(21 finance and Economics)
