On May 20, Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) and China Securities Index Co., Ltd. announced that they would officially release the Shanghai Science and innovation board chip index (hereinafter referred to as “science and innovation chip”) on June 13, 2022.
Kechuang chip is another major index characterizing the Kechuang board market after Kechuang 50, Hunan Creator Information Technologies Co.Ltd(300730) , Kechuang biology, which will further enrich investors’ observation and investment targets.
The total market value of chip and chip manufacturing and chip which are not screened by chip manufacturers and chip manufacturers is and
Chip is the main carrier of integrated circuits. As one of the key areas supported by the science and innovation board, 57 scientific and technological innovation enterprises in chip related industries have been listed on the science and innovation board, accounting for half of similar A-share companies. Four of the top 10 companies in the total market value of Kechuang board are chip industry companies.
Kechuang board has gathered a number of leading chip industry enterprises that have broken through key core technologies and high market recognition, covering industrial chain links such as design, manufacturing, materials, equipment and sealing and testing. The industrial agglomeration effect is becoming more and more obvious, forming a development pattern with complete industrial functions, and reflecting the attributes of high growth, high R & D and low value.
In the annual report of 2021, the year-on-year growth rate of net profit and operating revenue reached 181% and 43% respectively, and all companies achieved positive growth in operating revenue; R & D investment continued to increase, with an annual R & D investment of 17.66 billion yuan, a year-on-year increase of 15.4%. R & D investment accounted for 15.1% of operating revenue. R & D efforts ranked among the forefront of A-share companies in the same industry, providing strong support for the high-quality development of the industrial chain. At present, the overall P / E ratio is 38 times (excluding losses), which is at a very low level since the opening of the science and innovation board.
Some institutions concluded that as a subdivision ruler reflecting the trend of important themes of the science and innovation board, the launch of the science and innovation chip index will have three “beneficial” positive effects:
First, it is conducive to further increase the observation dimension of the science and innovation board. Index release can enrich the observation dimension of various investors and the analysis dimension of financial media. Second, it is conducive to serving the majority of investors. In the future, the issuance of index products will provide investors with richer tools to participate in the development of science and innovation board and share economic growth, so as to better meet the needs of asset allocation and wealth management. Third, it is conducive to optimizing the allocation of resources. The science and innovation theme index focuses on leading companies in strategic emerging industries, which is conducive to guiding resources to further tilt towards hard technology companies represented by the science and innovation board.
