Recently, according to the latest statistics of China Association of listed companies (hereinafter referred to as “China Shanghai Association”), as of 17:00 on April 30, a total of 4669 listed companies in the A-share market disclosed their annual reports for 2021, realizing a total operating revenue of 64.97 trillion yuan, accounting for 56.81% of the total GDP of the whole year. In 2021, there were 524 new listed companies in the whole market. At the end of the year, the number of companies increased to 4682, with a total market value of 96.53 trillion yuan, ranking the second in the world.
In this regard, the relevant person in charge of China Shanghai Association said that the role of ” Beijing Dynamic Power Co.Ltd(600405) ” in economic growth of listed companies continued to strengthen, and their position as the “basic sector” of the real economy was more consolidated.
“2021 is a landmark year. In the face of the complex situation outside China and various risks and challenges, China’s high-quality economic development has achieved new results and continues to maintain its leading position in the world. As the main force of China’s economy, listed companies have handed over a beautiful report card.” Fan Shukui, chairman of Zoomlion asset appraisal group Co., Ltd., said in an interview with the reporter of Securities Daily that from the data, the performance of Listed Companies in 2021 is gratifying and there are many bright spots.
40% of the company’s operating revenue
continuous growth for three consecutive years
According to the data of China Shanghai Association, in terms of revenue, the above 4669 listed companies achieved a total operating revenue of 64.97 trillion yuan in 2021, a year-on-year increase of 19.81%; Non financial companies achieved a total operating income of 54.90 trillion yuan, a year-on-year increase of 22.63%. About 80% of the company achieved revenue growth, and 40% of the company’s revenue continued to grow for three consecutive years. In addition, the overseas revenue of listed companies increased by 18.03% year-on-year.
In terms of net profit, 4669 listed companies achieved a total net profit of 5.30 trillion yuan, a year-on-year increase of 19.56%; The net profit after deducting non-profit was 4.43 trillion yuan, a year-on-year increase of 24.39%, and the profitability of listed companies was further improved. Meanwhile, the net operating cash flow of non-financial listed companies was about 5.03 trillion yuan, a year-on-year increase of 9.82%; Nearly 80% of the companies realized net cash inflow from operating activities, showing high profit quality.
In terms of industries, the data of China Shanghai Association show that according to the industry classification standards published by the CSRC, among the 19 industry categories, about 90% of the industry revenue increased, 70% of the industry net profit increased, and about 90% of the industry realized profits, with significant characteristics of industry differentiation. The top three industries in terms of profit are finance, manufacturing and mining, which together contribute nearly 88% of the overall net profit of listed companies; Transportation, storage and postal industry, culture, sports and entertainment industry, accommodation and catering industry turned losses into profits, and the net profit increased by 794584%, 335.12% and 120.24% respectively year-on-year; At the same time, the real estate industry, leasing and business service industries are affected by the epidemic and other factors, and the company’s profit restoration foundation is not firm, resulting in a continuous decline in net profit.
In this regard, fan Shukui told the reporter of Securities Daily that the data disclosed by listed companies show the characteristics of high concentration of net profits. The financial industry, manufacturing industry, mining industry and other industries have achieved good performance, reflecting the innovative integration of industry and finance of some listed companies to achieve high-quality development.
“Overall, the operating performance of A-share listed companies continued to improve, and the quality of the company improved steadily.” Beijing Centergate Technologies (Holding) Co.Ltd(000931) Cheng Fengchao, President of Guorui financial and Industrial Development Research Association, told the Securities Daily, “however, affected by covid-19 pneumonia and other factors, the development quality of listed companies, especially their profit-making ability, needs to be further improved.”
non financial listed companies
R & D investment exceeds RMB trillion
“In 2021, based on the new development stage, listed companies will deeply implement the new development concept, actively integrate into the new development pattern, and perform prominently in promoting R & D innovation, continuously increasing capital expenditure and optimizing capital structure.” The relevant person in charge of the China Shanghai Association said.
According to the data of China Shanghai Association, in 2021, the total R & D investment of non-financial listed companies was about 1.31 trillion yuan, a year-on-year increase of 23.53%, accounting for 47.02% of the total R & D expenditure of enterprises in China. The number of patents of non-financial listed companies increased from 1227000 at the end of 2020 to 1450500 in 2021, an increase of 18.22%. According to the sector, the number of patents of GEM companies increased by 30.14% year-on-year, and the number of patents of science and Innovation Board companies increased by 29.87% year-on-year.
Cheng Fengchao said that on the whole, listed companies have paid more attention to R & D, but there is still a large gap between enterprises’ R & D investment and developed capital markets. The phenomenon that some companies emphasize sales and ignore R & D has not fundamentally changed. In the future, we should further encourage enterprises to increase R & D investment with tax preferential mechanism, and strive to promote enterprises to lead development with innovation. According to the data of China Shanghai Association, in 2021, the capital expenditure of non-financial listed companies was 3.82 trillion yuan, a year-on-year increase of 11.95%. Among them, 2649 listed companies with annual capital expenditure of more than 100 million yuan are mainly distributed in manufacturing, information transmission, software and information technology services, power, heat, gas and water production and supply industries. Entity listed companies are actively committed to capacity upgrading and business expansion, showing a strong recovery momentum.
In addition, listed companies actively use refinancing tools to optimize capital structure. According to the data of China Shanghai Association, in 2021, non-financial listed companies completed 636 refinancing such as issuing stocks, convertible bonds and allotments to specific objects, raising 1.03 trillion yuan, with a year-on-year increase of 9.91%, reflecting the positive role of refinancing tools in promoting the high-level circulation of science and technology, capital and real economy.
In 2021, while maintaining high growth, listed companies will actively share the achievements of enterprise development with investors. In the whole year, more than 3300 companies launched cash dividend plans, accounting for 81.67% of all profitable companies. By the end of 2021, the total cash dividend has reached 1.55 trillion yuan, a new high in recent years. Among them, there are 2009 companies with a dividend ratio of more than 30% and 900 companies with a dividend ratio of more than 50%.
At the same time, the share repurchase of listed companies was further strengthened. Throughout the year, 503 companies adopted centralized bidding and offer to repurchase, involving a total amount of about 565.42 billion yuan.
“Opportunities and challenges coexist in 2022.” Cheng Fengchao said that we should adhere to promoting independent innovation on the basis of open innovation, try our best to create a more open, inclusive, mutually beneficial and shared international scientific and technological cooperation atmosphere, and strive to explore both Chinese and international markets, which will be the main tone for the development of Listed Companies in the coming period.
