The Beijing Stock Exchange will undertake the selection layer:
What is the background of 66 companies?
The establishment of the Beijing Stock Exchange brought the NEEQ companies into the focus for a while.
The 66 selected-tier companies that have locked in their "entry tickets" in advance have seen their stock prices go red in the past few days.
On September 2nd, all 66 companies in the select layer received dividends. The next day, the overall price rose and fell, but more than 90% of the companies still rose. The outbreak continued on September 6, and the 10 select layer companies once rose by a daily limit.
According to the arrangement, all existing listed companies at the select level will be converted into listed companies on the Beijing Stock Exchange, and the newly-added listed companies will be created by qualified innovative level listed companies.
The NEEQ was officially operated in 2013. In 2016, it was initially divided into the innovation layer and the basic layer. In 2020, the selection layer was established. At the same time, the transfer of listing, public offering and continuous bidding transactions were introduced, gradually forming differences that are compatible with the status of different levels of enterprises It has established a progressive market structure of “basic level, innovation level, and selection level” through basic systems such as distribution and trading.
Now, sitting on the New Third Board with more than 7,000 listed companies, what is the gold content of the company and which listed companies are backed by?
At the end of August, the performance of the first half of 2021 came to an end. How did the selected enterprises perform?
In the future, what are the opportunities for innovative companies to attack?
What is the gold content?
In the first half of the year, 90% of selected-tier companies made profits
After the establishment of the Beijing Stock Exchange, the current select layer company was directly converted to its listed company.
The data shows that the 66 selected companies on the New Third Board have all released their 2021 semi-annual reports, with a total operating income of 26.15 billion yuan and a total net profit of 2.987 billion yuan attributable to the parent.
Among them, the total operating income of 53 companies in the first half of the year exceeded 100 million yuan.
In terms of profit, 92% of the NEEQ selected companies in the first half of the year were profitable, and 71% of the companies’ net profits attributable to shareholders of the parent company increased year-on-year.
Among them, the net profit attributable to the parent company of Beterui, Shibibai, Jilin Carbon Valley, Wuxin Tunnel, Fujitec, and Hengtuo Kaiyuan increased by more than 100% year-on-year.
As of the end of June 2021, the total assets of 66 selected-tier enterprises were 77.8 billion yuan, and the total equity attributable to shareholders of the parent company was 44.98 billion yuan.
In terms of asset scale, the assets of two selected-tier enterprises, Beterui and Yingtai Bio-technology, exceed 10 billion yuan.
In addition, there are 12 companies including Tongli Co., Ltd., Liancheng CNC, Hanbo High-tech, Changhong Energy, and Qiuguan Cable with assets exceeding 1 billion.
According to Wind data, the market value of selected enterprises is concentrated below 3 billion, mainly located in high-prosperity circuits such as industry, information technology, and high-end manufacturing. The number is small but the quality is good.
The Shell Finance reporter noticed that after the announcement of the establishment of the Beijing Stock Exchange, the stock price of the select layer rose overall.
In the three trading days from September 2 to the close of September 6, the stocks of 24 selected-tier companies rose by more than 30%.
On September 7th, Bitterui's stock price soared by more than 12%, corresponding to a total market value of more than 60 billion yuan, becoming the first company in the selection layer with a total market value of more than 60 billion yuan.
Beterui is a research and development and manufacturer of new energy materials, and lithium-ion battery anode materials and cathode materials are the company's core products.
In the first half of 2021, Beterui's performance is also dazzling, with operating income of 4.207 billion yuan, a year-on-year increase of 168.83%; net profit attributable to its parent is 730 million yuan, a year-on-year increase of 232.45%.
Who has the opportunity to transfer?
The revenue of 599 innovative companies exceeded 100 million in the first half of the year
According to the data from the official website of the share transfer system, the Shell Finance reporter saw that as of September 7, 66 of the 7,292 companies listed on the NEEQ (excluding the two networks and delisted stocks) were selected tiers, 1,249 were innovation tiers, and 5,977 companies. For the base layer.
Wind data shows that 6911 new third board companies currently disclose the 2021 semi-annual report, with a total operating income of 7519.9 trillion yuan and a net profit of 373.7 trillion yuan.
According to the arrangements for the establishment of the Beijing Stock Exchange, after 12 months of listing, an innovative company can become a listed company on the Beijing Stock Exchange if it meets certain conditions.
This means that the transfer of some high-quality companies can be expected in the future.
Before September 2020, there were 1,239 innovative companies listed on the NEEQ, accounting for more than 99%. There were 987 companies that were included in the innovation tier of the NEEQ before September 2020, accounting for 79%.
The data shows that the overall revenue performance of innovation-level enterprises is relatively good. There are 1244 innovation-level enterprises that have released semi-annual reports, and 599 enterprises have a total operating income of more than 100 million yuan.
The total operating income of Gangyin E-commerce, Yongan Futures, and Hanlinhui during the reporting period were 28.1 billion yuan, 16.68 billion yuan, and 14.45 billion yuan, respectively, ranking the top three in the revenue list of the innovation layer.
In addition, the operating income of 16 innovative enterprises including Yuanyao Agriculture, China Construction Information, Gangbao, Haitong Futures, and Donghai Great Wall also exceeded 2 billion yuan.
As of the end of June, the total assets of 9 innovative enterprises exceeded 10 billion yuan.
As the company with the largest scale of innovation-level assets, Yongan Futures currently ranks first in total market value, exceeding 39.7 billion yuan.
In addition, the total market value of Hengshen, Huaqiang Fangte, and Juzhengyuan exceeds 10 billion yuan.
How about moving to A shares?
Most of the stock prices of 528 companies rose after the transfer of IPO
For many NEEQ companies, the dream of an IPO is carried before the listing.
Wind data shows that as of September 7th, 663 companies listed on the NEEQ (including selected layer declarations) had submitted IPO declarations, of which 349 latest developments still showed the status of tutoring filing registration acceptance, and 84 companies showed the status of termination of review .
While queuing for IPO, hundreds of companies have successfully transferred to the New OTC market.
As of September 7th, there were 557 cases involving transfer of the new three-board companies (some companies have sprinted for IPO twice), and 528 companies.
At present, these companies have been delisted from the New OTC Market, but not all have succeeded in listing. Allianz Ruishi, Dinosaur Park, Jianke Group and other companies are currently IPO terminated.
According to statistics from Shell Finance and Economics reporters, among the current A-share listed companies, 290 have been listed on the NEEQ.
In the first half of 2021, 256 of these companies have increased their operating income year-on-year, and 207 listed companies have increased their net profits year-on-year.
Among them, Liyuan Technology, which was successfully listed in May this year, had a year-on-year growth rate of 587.35% in operating income in the first half of this year, becoming the NEEQ transfer enterprise with the largest increase in revenue.
It is worth mentioning that most of the stock prices of companies after a successful IPO have increased significantly.
The data shows that among the original NEEQ companies listed since 2020, 99 companies have experienced a range increase of more than 100% since their listing, and the stocks of three companies such as Altway, Goodway, and New Clean Energy have increased by more than 8 times since their listing.
Which companies do you rely on?
A-share holdings of the NEEQ corporate brokerage accounted for the majority
Choice data shows that as of the end of June 2021, among the top 10 shareholders of 648 companies on the New Third Board, listed companies are associated with A-shares, among which securities firms such as market makers account for the vast majority.
Taking Delong shares as an example, in the shareholder list as of the end of June, Huatai Securities, Guotai Junan, Western Securities, Guohai Securities, and Caida Securities are among the top ten shareholders.
For non-institutional enterprises, the situation of participating and controlling NEEQ companies is quite different.
According to statistics from Shell Finance and Economics reporters, since 2015, more than 200 A-share listed companies have issued announcements regarding the deployment of NEEQ holding companies and plans to participate in NEEQ companies.
In June 2021, Gao Zheng, a listed company, announced that its holding subsidiary Chengyuan Mining's NEEQ listing materials have been accepted.
Western Materials announced in April this year that its subsidiary, Tianli, was officially listed on the New Third Board.
After the announcement by the Beijing Stock Exchange, A-share listed companies also frequently expressed their opinions.
Among them, Willi replied to investors on September 6 that the company's holding subsidiary Beijing Huiheng Environmental Engineering Co., Ltd. is a listed company on the New Third Board, and the company holds 59.71% of its shares.
Data show that Huiheng Environmental Protection's operating income in the first half of the year was 12.128 million yuan, a year-on-year decrease of 74.18%, and the net profit attributable to shareholders of the listed company was -843 million yuan.
In addition, the Shell Finance reporter learned that Daan Gene holds 12.08% of the shares of the New Third Board Enterprise Food Safety Technology, Three Gorges Energy holds 10.38% of the shares of the New Third Board Jinhai Stock, and Huawu Holdings subsidiary Jinmao Fluid is currently in the new market. Tutoring period for the selected layer of the third board, etc.
Beijing News Shell Finance reporter Li Yunqi