Last year, the net profit was 5.63 trillion yuan, a year-on-year increase of 0.8%——
The performance of listed companies maintained resilient growth
Our reporter Zhu Huichun
The China Association of Listed Companies recently released a report that as of April 2023, 4, in addition to the announced plans to delay disclosure, delist and restructure companies, a total of 29,3 companies on the three stock exchanges of Shanghai, Shenzhen and North disclosed their 5067 annual reports. Statistics show that the overall performance of listed companies maintained resilient growth last year, the role of the capital market in promoting the positive cycle of industry, capital and technology was further highlighted, and the overall quality, structure and ecology of listed companies were further improved.
Overall steady growth
In 2022, there will be 424 domestic IPOs, and the total number of A-share companies will increase to 5079,<>.
According to the data of 5067,71 companies that have disclosed their annual reports, domestic listed companies achieved a total operating income of 53.7 trillion yuan, a year-on-year increase of 2.5%; The net profit was 63.0 trillion yuan, a year-on-year increase of 8.29%, and the overall performance maintained a steady growth trend. In terms of sectors, the annual revenue growth rate of the science and technology innovation board was leading, reaching 3.11%; ChiNext led the growth rate of net profit, reaching 3.<>%.
From the perspective of competitiveness and profit quality, the average net sales interest rate of listed companies in the non-financial industry in 2022 will be 5.16% and the average return on net assets will be 8.27%, down 0.41 and 0.77 percentage points respectively from the same period last year; The overall cash flow situation has improved, with net operating cash flow of 5.85 trillion yuan, a year-on-year increase of 5.2%, higher than the growth rate of net profit, the average operating cash ratio is 9.48%, and the operating cash ratio of fifty percent of the company has increased year-on-year.
Excluding the financial industry and the "three barrels of oil", nearly 60% of the listed companies achieved a year-on-year increase in operating income, nearly 50% of the companies achieved a year-on-year increase in net profit, and nearly 40% of the companies maintained a double growth in revenue and net profit.
1035,21 listed companies lost money, accounting for 0.4%, and the loss area increased by 6.<> percentage points over the same period last year, and more than <>% of the loss-making companies came from the computer, pharmaceutical and biological, electronic, mechanical equipment industries.
From the perspective of holding type, the quality and efficiency of the reform of central enterprises have improved, the private economy has continued to remain resilient, and the growth rate of local state-owned listed companies has slowed down relatively. The 379 central state-controlled listed companies achieved a total revenue of 24.69 trillion yuan and a net profit of 1.30 trillion yuan, with a year-on-year growth rate of 10.4% and 4.8% respectively, and the revenue and net profit accounted for 34.5% and 23.0% of all listed companies respectively. The 3197,16 listed companies controlled by natural persons achieved a total revenue of 50.0 trillion yuan and a net profit of 88.13 trillion yuan, with a year-on-year growth rate of 2.1% and 9.<>% respectively.
The industrial structure is accelerating its evolution
In terms of industries, of the 18 national economic sectors to which listed companies belong, 11 industries have positive revenue growth and 8 industries have positive growth in net profit. Real estate, accommodation and catering, education, resident services, repairs and other services lost money. The overall net profit of the manufacturing industry fell slightly, and the revenue and net profit of 29 major categories such as electrical machinery and equipment manufacturing and agricultural and sideline food processing industry in 12 manufacturing industries increased slightly.
In terms of subdivided industries, benefiting from rising commodity prices, upstream resource related industries (coal, oil, non-ferrous metals, etc.) achieved high growth, the overall net profit growth rate of the industry was higher than 20%, and the revenue and profit of many companies doubled. The transformation of energy structure has driven the rapid development of many industries in the field of new energy, the installed scale of photovoltaics, wind power and other installed capacity has increased significantly, the production and sales of new energy vehicles have boomed, and the scale of the power battery industry has expanded rapidly. The overall revenue growth rate of photovoltaic and new energy vehicle companies reached 57.7% and 27.4%. Benefiting from the safety of the industrial chain and independent controllability, semiconductor equipment companies have achieved high growth rates. The revenue of listed companies in high-tech manufacturing increased by 14.6%, and the growth momentum of technology-based enterprises continued to burst.
Affected by the continuous spread of the epidemic, the contact consumer service industries such as air transportation, film and television theaters, hotels and catering, and tourism will still be in a loss-making state in 2022, and the overall net profit of textiles and apparel, media and other industries will decline. Real estate companies continue to be sluggish, risk clearance and balance sheet repair still take time, and the performance release of real estate industry chain related industries such as steel, building materials, building decoration, and home appliances is still limited.
In 2022, exports will form a huge driving force, and the average net profit growth rate of listed companies with overseas business accounting for more than 30% will exceed 10.3%, far exceeding the average level of listed companies, foreign trade will show strong resilience, and advantageous companies will accelerate their international layout.
Under the impact of multiple unexpected factors, the effect of a series of relief policies issued by the state in a timely manner to help enterprises appeared. In 2022, listed companies received a total of 0.85 trillion yuan in tax refunds, a year-on-year increase of 120%, and the total tax refunds accounted for 6% of the company's net operating cash flow.
The function of capital markets has been significantly improved
In 2022, the initial offering of funds in the domestic stock market will be nearly 5900 billion yuan, and the refinancing (including convertible bonds) will be more than 9400 billion yuan, and various entities will raise 6.45 trillion yuan through the issuance of bonds by exchanges. Among the newly listed companies in 2022, there are 354 companies on the ChiNext Board, the Science and Technology Innovation Board and the Beijing Stock Exchange, accounting for 83%. There are more than 2500,<> listed companies in strategic emerging industries in the whole market, and the market structure continues to be optimized. Cheng Fengchao, president of Zhongguancun Guorui Financial and Industrial Research Association, believes that under the comprehensive registration system, the financing channels of high-quality scientific and technological innovation companies have been further smoothed, and the capital market has injected strong impetus into the real economy.
A total of 51 companies were delisted throughout the year, of which 42 were forced to delist, more than the total of the 10 years before the delisting reform, and the normalized delisting situation was basically formed.
In 2022, the revenue of financial listed companies in the whole market will be 9.85 trillion yuan, down 1.9% year-on-year, and the net profit will be 2.45 trillion yuan, up 0.9% year-on-year. The asset scale of 42 listed banks maintained high growth, with an average growth rate of 11.4%, and the balance of science and technology loans, manufacturing loans and green credit maintained high growth, supporting the real economy, focusing on key areas, and serving major national strategies. The overall net interest margin of listed banks was under pressure, the growth rate of revenue and net profit slowed down compared with last year, and the asset provision ratio decreased during the same period.
The momentum of innovation and development is enhanced
In 2022, the total R&D investment of listed companies in the whole market will be 1.66 trillion yuan, an increase of 0.27 trillion yuan over the previous year, and the average R&D intensity will be 2.32%, an increase of 0.25 percentage points year-on-year. Among the three innovation sectors, the average R&D intensity of the STAR Board was the highest (3.10%), and the R&D intensity of high-tech manufacturing companies in the whole market reached 53.6%.
Sun Jinju, assistant to the president and director of the research institute of Kaiyuan Securities, said that listed companies give full play to the role of demand as the main force to promote the transformation of scientific and technological achievements and the continuous improvement of industrialization. Data show that at the end of 2022, the cumulative number of disclosed patents exceeded 140.17 million, an increase of more than <>% over the previous year.
In 2022, the investment of listed companies showed resilience, with capital expenditure of 4.83 trillion yuan, an increase of 0.36 trillion yuan year-on-year. Digital transformation injects a new engine into high-quality development. The annual revenue of digital industrialized listed companies increased by 8.9%, and the demand for industrial digital transformation was strong.
According to the annual report data, in 2022, listed companies in the whole market will achieve a total added value of 18.23 trillion yuan, a year-on-year increase of 4.9%, accounting for 15.1% of the total GDP, accounting for a further increase. (Economic Daily)