On March 22, Junpu intelligence and Heyuan biology were listed on the science and Innovation Board of Shanghai Stock Exchange. So far, the number of listed companies on the science and innovation board has reached 401, with a total initial fund-raising of more than 560 billion yuan and a total market value of nearly 5 trillion yuan.
From the first batch of 25 listed companies on July 22, 2019, to 100 on April 29, 2020, 200 on December 7, 2020, 300 on June 28, 2021, and then to more than 400 today, while the market scale of the science and innovation board has grown steadily, the demonstration effect of supporting “hard science and technology” continues to appear, the role of “reform pilot field” has been brought into better play, the market operation is generally stable, and various systems have initially withstood the test of the market.
At the same time, investors cast a vote of confidence in the development prospect of the science and innovation board with “real gold and silver”. Since this year, the volatility of the A-share market has increased, but investors have continued to increase their positions on the Kechuang board through the index fund during the market adjustment. The Kechuang board ETF has obtained a large amount of funds for subscription, and the share has increased against the market.
growth continued to improve
As the representative of the industry leaders in the subdivision of high-tech industries and strategic emerging industries, the growth of listed companies on the science and innovation board is unique.
According to the data, the overall operating revenue and net profit of the science and Innovation Board increased significantly year-on-year in 2021. 401 companies achieved a total operating revenue of 818434 billion yuan in 2021, a year-on-year increase of 36%; The net profit attributable to the parent company was 92.909 billion yuan, a year-on-year increase of 72%. Among them, nearly 90% of the companies achieved year-on-year growth in operating revenue, and the revenue of 112 companies increased by more than 50%; Nearly 70% of the companies realized a year-on-year increase in net profit attributable to the parent company, and 55 doubled year-on-year.
Meanwhile, in 2022, some Sci-tech Innovation Board companies made a good start. On the evening of March 8, Semiconductor Manufacturing International Corporation(688981) first disclosed monthly operating data, which showed that from January to February this year, Semiconductor Manufacturing International Corporation(688981) achieved operating revenue of 1.223 billion US dollars, an increase of 59.1% year-on-year; The net profit attributable to the parent company was US $309 million, a year-on-year increase of 94.9%.
Driven by Semiconductor Manufacturing International Corporation(688981) , as of March 21, 14 leading companies on the science and Innovation Board had disclosed their business data for the first two months of 2022, locking in the good results of the first quarter in advance. Specifically, the revenue and net profit of Montage Technology Co.Ltd(688008) , Shenzhen Xinyichang Technology Co.Ltd(688383) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) 3 companies doubled in the first two months Key operating data such as shipments and sales volume disclosed by Xinjiang Daqo New Energy Co.Ltd(688303) , Kede Numerical Control Co.Ltd(688305) , Farasis Energy (Gan Zhou) Co.Ltd(688567) and other companies show that capacity expansion is proceeding in an orderly manner National Silicon Industry Group Co.Ltd(688126) , Guizhou Zhenhua E-Chem Inc(688707) , Everdisplay Optronics (Shanghai) Co.Ltd(688538) 3 unprofitable enterprises at the time of listing also predicted that the business was improving in the first two months and the loss was narrowing significantly.
the proportion of foreign investment has been increasing
In the nearly three years since the opening of the sci-tech innovation board, international investors have become increasingly interested in the investment of the sci-tech innovation board. The sci-tech innovation board is rapidly entering the “shopping basket” of international investors.
On the one hand, international investors actively participate in the issuance of new shares on the science and innovation board. By the end of November 2021, 38 foreign-funded institutions had participated in the preliminary inquiry of the primary market of the science and innovation board, of which 29 had been successfully allocated with an amount of 774 million yuan. In terms of strategic placement, four international investment institutions participated in the strategic placement of six science and Innovation Board companies, with a total of 157 million shares allocated, with an amount of 4.484 billion yuan.
On the other hand, with the further expansion of channels for foreign investment in the science and innovation board, the shareholding scale of foreign institutions in the secondary market continues to increase. As of February 28, the value of foreign capital holding the stock market through the secondary market reached 45.7 billion yuan. Among them, 107 Sci-tech Innovation Board companies are held by foreign-funded institutions, accounting for 27% of the total number of companies. On average, each company has 7 shares held by foreign-funded institutions, and 41 companies such as Advanced Micro-Fabrication Equipment Inc.China(688012) , Western Superconducting Technologies Co.Ltd(688122) have more than 10 foreign-funded institutions.
In addition, in the second quarter of 2021, Kechuang board was included in the three index samples for the first time, and then the number continued to expand. After a short period of more than one year, the number of Sci-tech Innovation Board companies included in MSCI, FTSE and S & P indexes is 18, 36 and 24 respectively. Market observers believe that this reflects the continuous improvement of the global influence and attraction of the science and innovation board.
The reporter of China Securities News learned that in order to improve the sense of acquisition and participation of international investors, this year’s performance description meeting of the science and Innovation Board will more specifically invite international investors to participate, encourage companies with high attention of international investors to add English interactive Q & A links, and effectively improve communication efficiency.
specialized special new reserve army sufficient
“Hard technology” is the background color of the science and innovation board. As the main battlefield to support China’s scientific and technological self-reliance and self-improvement, the science and innovation board is attracting more and more excellent companies with outstanding characteristics of science and innovation attributes.
Specifically, among the 401 listed companies on the science and innovation board, 118 companies were selected into the list of “little giants” specializing in Texin, and 37 were rated as the single champion of manufacturing industry. In the view of insiders, the gathering of specialized and new “little giants” highlights the scientific and innovative attributes of science and Innovation Board enterprises focusing on market segments, main business, strong innovation ability and good growth, and has played an exemplary role in high-quality development.
Listed enterprises are the present tense and the reserve force is the future tense. At present, there are sufficient reserve forces specialized in science and technology innovation board. Among the three batches of “little giant” enterprises published by the Ministry of industry and information technology from 2019 to 2021, by the end of 2021, 189 had applied for the science and innovation board, accounting for 26.7% overall. Among them, 45 of the enterprises accepted in 2021 are “little giant” enterprises, and their industries cover six major science and innovation board industries, accounting for 25.4% of the total number of enterprises accepted in 2021.
In addition, after the listing, the science and Innovation Board enterprises continued to increase R & D investment. According to the third quarterly report of 2021, the total R & D investment of Kechuang board company reached 37.668 billion yuan, with a year-on-year increase of 40%. The investment amount has been close to the annual level of 2020, and the average R & D investment intensity has reached 13%, ranking first in all A-share sectors.
