On July 22, 2023, the Science and Technology Innovation Board celebrated its fourth anniversary since its opening. Over the years, the number of listed companies on the board has grown significantly from 25 to 546. This board has become a crucial platform for capital market support in driving innovation-led development.
Since its establishment, the Science and Technology Innovation Board has raised over 850 billion yuan through initial public offerings, with nearly 100 billion yuan raised this year alone. The average amount raised per company has exceeded 2.1 billion yuan, setting a new record. These figures highlight the board’s efforts in supporting the growth of technology-innovation companies.
The operating income, net profit, and research and development investment of companies listed on the Science and Technology Innovation Board have all exceeded 100 billion yuan, 100 billion yuan, and 100 billion yuan respectively. The compound growth rates of operating income and net profit over the past three years have ranked first among all A-share sectors at 30% and 59% respectively. Many companies have achieved positive net profit growth for three consecutive years, with 108 companies experiencing a compound growth rate of over 50% in net profit.
The board has witnessed the emergence of numerous high-growth stocks. Thirty-three companies have had a compound revenue growth rate of over 100% in the past four years, while 47 companies have achieved a compound growth rate of over 100% in net profit during the same period.
The total market value of the 546 companies listed on the Science and Technology Innovation Board is close to 6.47 trillion yuan. Seven companies have market values exceeding 100 billion yuan, and 174 companies have market values of 10 billion yuan. Notable companies with market values of 100 billion yuan include Kingsoft Office, SMIC, and Haiguang Information.
Last year, research and development expenditure on the board surpassed 100 billion yuan for the first time, reaching 126.7 billion yuan. The growth rate of research and development investment has consistently exceeded 27% for four consecutive years. The prediction for 2022 suggests that the research and development investment of 229 companies will increase by over 30% year on year, with 20 companies expected to double their research and development investment. Additionally, companies on the board have accumulated a substantial number of invention patents, with an average of 153 patents per company.
Investors have also benefited from the impressive performance of companies on the Science and Technology Innovation Board. As of July 20, the stock prices of these companies have increased by an average of 87% compared to their issue prices. Thirteen companies have experienced price increases of over 500%, with four companies showing price increases of over eight times.
The Science and Technology Innovation Board focuses on key industry chains, particularly in integrated circuits and biomedicine, which boast the most comprehensive industrial chains among all listed companies. The board has 101 integrated circuit companies and 111 biotech companies, covering various aspects such as design, manufacturing, packaging, testing, and treatment areas like cancer and AIDS. The field of new energy has also seen development, with 16 photovoltaic companies and 16 power battery industry chain companies listed.
A total of 45 companies have provided performance forecasts for the first half of the year, with 31 expected to see an increase and 5 expected to see a decrease in net profit. Among the companies with positive forecasts, 12 have a net profit growth rate of over 100% and 12 have a growth rate between 50% and 100%.
In conclusion, the Science and Technology Innovation Board has played a significant role in supporting technology-innovation companies and has experienced tremendous growth since its opening four years ago. Its success is evident through the raising of funds, the emergence of high-growth stocks, and the overall performance and market value of listed companies.
In the fourth anniversary of the opening of the science and technology board, the IPO raised more than 850 billion yuan
There are 7 companies with a market value of 100 billion and 174 companies with a market value of 10 billion
July 22, 2023 is the fourth anniversary of the opening of the Science and Technology Innovation Board.
The number of companies listed on the Science and Technology Innovation Board has grown rapidly from the initial 25 to 546. The Sci-Tech Innovation Board helps science-technology innovation companies grow bigger and stronger, and become the main battleground for the capital market to support innovation-driven development strategies.
Nearly 100 billion yuan has been raised this year
Through a set of figures, it can be seen that the science and technology innovation board has made great efforts to make it bigger and stronger.
The establishment of the Science and Technology Innovation Board has strengthened capital market support for hard technology companies. In the past four years, the cumulative IPO funds raised by the science and technology innovation board exceeded 850 billion yuan. Since the beginning of this year, the Science and Technology Innovation Board has raised nearly 100 billion yuan, with an average of more than 2.1 billion yuan raised by each company, and the amount raised by one company has reached a new high.
The Science and Technology Innovation Board has been established for four years, and its operating income, net profit, and research and development investment have exceeded 1 trillion yuan, 100 billion yuan, and 100 billion yuan respectively. In the past three years, the compound growth rates of operating income and net profit have reached 30% and 59%, respectively, ranking first among all A share sectors. More than 30% of the companies have achieved positive growth in net profit for three consecutive years, and 108 companies have achieved a three-year compound growth rate of net profit attributable to their parent companies of more than 50%.
A large number of high growth stocks were born on the Science and Technology Innovation Board. Among them, 33 companies, including Junshi Bio-U, Nuocheng Jianhua-U, and CanSino, have a compound revenue growth rate of more than 100% in the past four years; 47 companies, including Novozyme, Wanrun New Energy, and Shengxiang Bio, have a compound growth rate of net profit of more than 100% in the past four years.
The Science and Technology Innovation Board has cultivated a group of listed companies with international competitiveness The total market value of 546 companies on the Science and Technology Innovation Board is nearly 6.47 trillion yuan, There are already 7 companies with a market value of 100 billion yuan, and 174 companies with a market value of 10 billion yuan. The company with a market value of 100 billion has a number of independent and controlled companies, including Kingsoft Office, SMIC, and Haiguang Information.
Research and development expenditure last year broke the 100 billion mark for the first time
Judging from the industry distribution of the top 20 companies on the Science and Technology Innovation Board, the industry that contributed the most is the electronics industry, with a total of 9 companies contributing a market value of 857.446 billion yuan. The contribution of the power equipment industry is second, with a total of 4 stocks contributing a market value of nearly 346.13 billion yuan. In total, the top 20 high-tech companies by market capitalization gather on the Science and Technology Innovation Board.
Last year, the research and development investment of companies on the Science and Technology Innovation Board broke through the 100 billion yuan mark for the first time, reaching 126.7 billion yuan. In the case of a high base, the Science and Technology Innovation Board has maintained continuous high growth in research and development investment, and the growth rate of Research and Development has exceeded 27% for four consecutive years. Judging from the growth rate of research and development expenditure last year, the research and development investment of 229 companies of the Sci-Tech Innovation Board will increase by more than 30% year on year in 2022, and the research and development investment of 20 companies such as Wanrun New Energy, Anxu Biology, and Naxinwei will double. Many companies have entered the patent harvest period. At the end of last year, the number of invention patents accumulated by companies on the Science and Technology Innovation Board reached 74,700, with an average of 153 invention patents per company.
The performance of companies on the Science and Technology Innovation Board has continued to grow rapidly, and investors have also received high returns. As of July 20, the latest prices of 546 sci-tech innovation board companies have increased by an average of 87% compared to the issue price, and the latest stock prices of 13 companies have increased by more than 500% compared to the issue price. Four companies including Dongwei Technology, Autoway, and Kingsoft Office have all increased by more than 8 times compared to the issue price. Among them, Dongwei has an increase of more than 1.6 times firstly. Among the 13 companies whose share prices have risen more than 5 times, high-end manufacturing sectors gather, and 4 companies belong to the machinery and equipment industry. There are also many listed companies in the power equipment and electronics industry, such as Fudan Microelectronics and Autoway. Among these 13 companies, Blite’s stock price recently hit an all-time high.
According to Beijing Youth Daily reporter statistics, at the end of July 21, 287 companies on the Sci-Tech Innovation Board have become popular and 259 have been green this year. The growth rate of 13 companies had more than doubled, with Biwin Storage and Cambrian-U having the highest growth rate, 379% and 213% respectively. There was a drop of more than 40% in 15 companies, and 4 companies including Yuneng Technology, Lyric Robot, Yuntian Lixi-U and Haiyou New Materials dropped more than 50%.
The current rolling price earnings ratio of the Science and Technology Index 50 is less than 41 times, which is below the historical percentile of 14%. In the future, as the performance continues to be realized, the Science and Technology Innovation Board is expected to bring more returns to investors.
Integrated circuit companies account for 60% of the same A shares
Focusing on the key industry chains in key areas, the Science and Technology Innovation Board will play a demonstration effect and agglomeration effect, Among them, integrated circuits and biomedicine have become the two main fields with the richest plan and the most complete industrial chain on the Science and Technology Innovation Board.
According to statistics, in the field of integrated circuits, there are a total of 101 STAR Market companies, accounting for 60% of similar A-share listed companies, covering the main industrial chain links of the three main links of design, manufacturing, packaging and testing, as well as supporting links such as tools, materials, EDA tool software, and IP technology authorization, forming a development pattern with a complete chain and collaborative innovation. There are a total of 111 listed companies in the field of biomedicine, focusing on cancer, AIDS, hepatitis B, hepatitis C and other treatment areas, and it has become the world’s leading listing place outside the United States and Hong Kong. In the field of new energy, there are already 16 photovoltaic companies and 16 power battery industry chain companies, and the green economy is developing well; industrial robots, rail transport and other industrial chains have begun to take shape.
Currently, 45 companies on the Science and Technology Innovation Board have predicted the performance of the first half of the year in advance, of which 31 are expected to increase their performance, and 5 are expected to decrease their performance.
Among the pre-performance happy companies, based on the expected median net profit growth rate, a total of 12 companies have a net profit growth rate of more than 100%; 12 companies have a net profit growth rate between 50% and 100%. JinkoSolar is expected to have the highest growth in net profit, with a median net profit growth rate of 326.48% in the first half of the year; Canada Solar and Fudan Zhangjiang are expected to have a median year-on-year growth rate of 312.50% and 280.68%, respectively, in second and third place.
In terms of industries, Sci-tech Innovation Board companies whose net profit increased by more than 50% during the first half of the year are mainly concentrated in industries such as mechanical equipment, electrical equipment, and medicine and biology.
Text/Reporter Liu Shenliang
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