On April 30, the 2021 annual reports of listed companies were all released. The China Association of Listed Companies, the Shanghai Stock Exchange, and the Securities Association of China also successively released relevant statistical data, reviewing the overall operation of domestic listed companies in 2021.
As the most active micro-subject of China's economy, how will the overall performance of more than 4,600 listed companies in 2021?
What are the features and highlights?
Listed companies' revenue increased significantly last year to 64.97 trillion yuan
According to the latest statistics from the China Association of Listed Companies, in 2021, there will be 524 new listed companies in the whole market, with a total of 4,682 companies, with a total market value of 96.53 trillion yuan, ranking second in the world.
In 2021, listed companies will achieve a total operating income of 64.97 trillion yuan, a year-on-year increase of 19.81%, much higher than the GDP growth rate that year.
The net profit for the whole year was 5.30 trillion yuan, a year-on-year increase of 19.56%.
About 80% of the companies achieved revenue growth, and 40% of the companies continued to increase their revenue for three consecutive years.
According to the industry classification standards announced by the China Securities Regulatory Commission, among the 19 major industry categories, the top three industries with the highest profits are the financial industry, manufacturing industry and mining industry. The above three industries together contribute nearly 88% of the overall net profit of listed companies.
The transportation, warehousing and postal industry, culture, sports and entertainment industry, accommodation and catering industry and other industries turned losses into profits, and their net profit increased by 7945.84%, 335.12% and 120.24% respectively year-on-year.
At the same time, the real estate, leasing and business service industries are affected by factors such as the epidemic, and the company's profit recovery foundation is not yet solid, resulting in a continuous decline in net profit.
Zhu Ning, Deputy Dean of the National Institute of Finance of Tsinghua University: As the most important and dynamic micro-subject in China's macro-economy, the performance of listed companies in 2021 is remarkable.
Both revenue and profits in 2021 have seen very significant growth. Compared with the performance of the entire listed company in 2020, which was hit by the epidemic, this is a very big improvement, and it also shows the resilience and strong economic recovery of the entire Chinese economy. Degree.
Sci-tech Innovation Board's "green engine" boosts development momentum
Judging from the annual report statistics released by the Shanghai Stock Exchange, the overall performance of the Shanghai Stock Exchange is outstanding.
In particular, the 420 companies on the Science and Technology Innovation Board have maintained rapid growth in performance, highlighting the advantages of "hard technology".
In 2021, companies on the Science and Technology Innovation Board will achieve a total operating income of 834.454 billion yuan, a year-on-year increase of 36.86%.
Nearly 90% of the companies have increased their operating income, and 41 companies have doubled their revenue.
Nearly 70% of the companies' net profit attributable to the parent increased, and 61 companies increased by more than 100%, up to 18 times.
Most of the companies listed on the Science and Technology Innovation Board are concentrated in high-tech industries and strategic emerging industries. Among them, the total number of companies in the integrated circuit field has reached 55, forming a development pattern with complete upstream and downstream chains and complete industrial functions.
The total number of listed companies in the biomedical field is 93, making it the world's main listing place outside the US stock market and Hong Kong stock market.
Industrial chains such as photovoltaics, power batteries, and industrial robots have also begun to take shape.
Gao Ruidong, Chief Macro Analyst of Everbright Securities: 2021 is the first year of the "14th Five-Year Plan". Companies on the Science and Technology Innovation Board are based on technological innovation, and their overall performance has continued to grow rapidly.
In the context of my country's in-depth promotion of the strategy of "carbon peaking and carbon neutrality", the Sci-Tech Innovation Board drives the "green engine" with technological innovation, and the photovoltaic, power battery and other industrial chains continue to accelerate the transformation and upgrading of new energy.
At the same time, the proportion of institutional investors on the Science and Technology Innovation Board has increased year by year, and the market structure has become more reasonable.
By the end of 2021, the number of active accounts of professional institutional investors in companies on the Sci-Tech Innovation Board was close to 50,000, a year-on-year increase of 63%.
The international appeal and influence of the Science and Technology Innovation Board is also further improving. So far, 44 science and technology innovation board stocks have entered the Shanghai Stock Connect target, 38 science and technology innovation board stocks have been included in MSCI, FTSE Russell, S&P and other core index systems.
With the further expansion of the channels for foreign investment in the Science and Technology Innovation Board, the scale of foreign shareholding is also increasing.
Listed companies increase R&D investment towards high-quality development
In the statistics of several annual reports, the reporter found that listed companies will continue to increase their R&D investment in 2021, and the transformation and upgrading will be accelerated.
With the help of high R&D investment, the main board companies of Shanghai Stock Exchange have further strengthened their efforts to lead innovation-driven development.
Data from the Shanghai Stock Exchange shows that the R&D intensity of Shanghai-listed entity companies has maintained positive growth for three consecutive years, with a total R&D investment of 700.6 billion yuan for the year, a year-on-year increase of 26%.
Among them, 107 companies have invested more than 1 billion yuan in research and development, and 13 companies including China State Construction, SAIC, and China Mobile have invested more than 10 billion yuan in research and development.
In 2021, the total amount of R&D investment by companies on the Science and Technology Innovation Board will reach 85.240 billion yuan, a year-on-year increase of 29%, and the ratio of R&D investment to operating income will average 13%.
Companies on the Science and Technology Innovation Board added more than 7,800 invention patents throughout the year, with an average of 108 invention patents per company. The projects led or participated by 66 sub-companys have won major awards such as the National Science and Technology Award.
Chen Li, member of the Chief Economist Committee of the Securities Association of China: Looking at the overall situation of listed companies, data from the China Association of Listed Companies shows that in 2021, the total R&D investment of non-financial listed companies will be about 1.31 trillion yuan, which is a year-on-year increase. 23.53%, accounting for 47.02% of the total R&D expenditure of national enterprises.
The top three industries in terms of R&D intensity are education, scientific research and technical services, information transmission, software and information technology services.
We see that in 2021, listed companies will perform prominently in promoting R&D innovation, continuously increasing capital expenditure, and optimizing capital structure.
Zhu Ning, deputy dean of the National Institute of Financial Research of Tsinghua University: A very important highlight in the 2021 annual report, or a feature is the increase in the entire R&D investment of listed companies.
It not only reflects that the entire Chinese listed companies have invested more in industrial upgrading and high-quality development, but at the same time, I think it also reflects the confidence shown by the entire listed companies in the next stage of China's economic recovery.
Nearly 60% of Beijing Stock Exchange's annual report revenue and net profit double growth
The first annual reports of companies listed on the Beijing Stock Exchange were all released.
Although affected by factors such as the epidemic, the growth rate of the company's profits in the Beijing Stock Exchange has not diminished.
Specifically, all 89 companies disclosed their 2021 annual reports on time, with a total operating income of 66.893 billion yuan, a year-on-year increase of 31.1%, and a total profit of 7.253 billion yuan, a year-on-year increase of 23.6%.
Among them, 52 companies achieved double growth in revenue and net profit, accounting for 58%.
Data from the Beijing Stock Exchange shows that doing a good job in research and development is the shortcut to reduce costs. Under the influence of the epidemic, companies listed on the Beijing Stock Exchange have not reduced their R&D investment to ease operational pressure.
In 2021, the company's R&D expenditure on the Beijing Stock Exchange will total 3.172 billion yuan, a year-on-year increase of 42.8%.
Among them, 29 companies' revenue or profit declined year-on-year, but their R&D expenditures maintained growth, accounting for 33%; 15 companies' R&D expenditures increased by more than 50%.
Chen Li, member of the Chief Economist Committee of the Securities Association of China: Beijing Stock Exchange companies are mainly concentrated in industries such as industry, information technology, healthcare, and materials. The integrity of the core technology and the autonomy of the core technology are of great significance.
The operating quality of the companies listed on the Beijing Stock Exchange in 2021 is generally good. Most companies have achieved steady growth in net profit and revenue. Some companies with high prosperity have performed very well. The demonstration effect is obvious, which can well drive the Beijing Stock Exchange and the new third board market. development of.Keywords: