In 2022, the curtain of innovation layer adjustment was opened, and the preliminary list of the first batch of promotion to innovation layer was released.
On April 11, the official website of the national stock transfer company released the preliminary screening list of the first batch of listed companies to be transferred to the innovation layer in 2022, with a total of 40 companies to be transferred to the innovation layer. This is the first list of companies to be transferred to the innovation level released since the implementation of the new hierarchical management measures in March this year. Industry insiders believe that the overall quality of these companies is better than the average level of the basic layer companies of the new third board, and most companies are “seed players” who meet the application conditions of the Beijing stock exchange.
the first batch of companies proposed to enter the innovation layer have good quality
The national stock transfer company said that on the whole, the first batch of companies to be promoted have good operation quality, obvious innovation attribute and strong toughness.
First, the overall profitability is outstanding. In terms of profitability, the average operating revenue of 40 companies in 2021 was 357 million yuan and the average net profit was 323758 million yuan, 14.81% and 28.64% higher than the listed companies that have disclosed their annual reports. The average return on net assets reached 15.69%, an increase of 1 percentage point over last year and 4.15 percentage points higher than the listed companies that have disclosed their annual reports. 30 companies meet the listing conditions of Beijing stock exchange.
Second, the growth is relatively strong. The compound growth rates of operating revenue and net profit of 40 companies in recent two years were 22.43% and 40.94% respectively, 9.22 and 22.07 percentage points higher than those of listed companies that have disclosed their annual reports. Among them, more than 80% of the company’s operating revenue or net profit has continued to grow in recent three years.
Third, the industry distribution is concentrated and the innovation attribute is strong. The 40 companies are mainly concentrated in manufacturing (27, accounting for 67.50%) and information transmission, software and information technology services (5, accounting for 12.50%), with an average R & D cost of 169783 million yuan and an average R & D intensity of about 5.37%, reflecting strong innovation ability.
Shenwan Hongyuan Group Co.Ltd(000166) small and medium cap chief analyst Liu Jing believes that this is the list of the first batch of companies to be transferred to the innovation level after the implementation of the new hierarchical management method, and the overall quality is better than the average level of the basic level companies of the new third board. “From past experience, the average performance of companies that make early financial reports is better, and these companies have issued annual reports for 2021. The average operating revenue of 40 companies in 2021 is 357 million yuan and the average net profit is 323758 million yuan. There are many companies that meet the reporting conditions of the Beijing stock exchange.” Liu Jing said.
Beijing stock exchange “seed players” account for the majority
Through public statistics, the reporter found that Oufu egg industry, consistent konjac, Chiba jewelry, Nanlin electronics, Zhongke Meiling, Fangsheng shares, ouruixinhe and other companies have announced their intention to apply for the Beijing stock exchange and are the “seed players” of the Beijing stock exchange. By combing the public information of 40 companies to be listed, the reporter found that there were 16 companies with a net profit of more than 30 million yuan in 2021, accounting for 40%.
Zhu Haibin, chief analyst of the new third board of Anxin securities, said: “many of these lists have expressed their intention to apply for the Beijing stock exchange in the announcement. Some companies are in the IPO counseling stage, and some companies have passed the counseling and are ready to be promoted to the innovation level. This means that in the next step, these companies will apply for the Beijing stock exchange, and the enterprises accepted by the Beijing stock exchange will also increase the source of high-quality students.”
In March this year, the national share transfer company issued and implemented the revised layered management measures, which adjusted the frequency of entering the innovation layer from once a year to six times, further smoothed the growth path of small and medium-sized enterprises in the new third board, and facilitated enterprises to more calmly and orderly arrange annual report disclosure, issuance and financing, entering the innovation layer, etc.
“There are 40 companies this time, and there are three times to adjust the innovation layer by June. We estimate that two or three hundred companies that meet the conditions of innovation layer will be added to supplement the reserve force of Beijing stock exchange.” Zhu Haibin said, “the new hierarchical management method is more in line with the actual situation of innovative small and medium-sized enterprises and can help high-quality enterprises to raise funds quickly and accurately. The 40 companies planning to enter the innovation layer do not lower the standard, but have higher quality companies to enter. Therefore, many companies will save a lot of waiting time for the declaration of the Beijing stock exchange, which is conducive to the accelerated development of the real economy and small and medium-sized enterprises.”
