Shenzhen Stock Exchange (SZSE) and Shenzhen Securities Information Co., Ltd. recently announced a regular adjustment made, in line with the index compiling rules, to the sample stocks of SZSE series indexes including SZSE Component Index, ChiNext Index, SZSE 100 Index, SZSE SME Index and SZSE Small/Mid Cap Innovation Index. The adjustment will be effective as of 17 June 2019.
SZSE Component Index will have 29 samples adjusted, with AVARY Holdings (002938) and CGWS (002939) etc. to be swapped in while ST YINYI Real Estate (000981) and *ST Northcom Group (002359) etc. to be swapped out. The ChiNext Index will have 8 samples updated, with WOLWO Pharma (300357) and SONOSCAPE (300633) etc. taking the place of TIANLI (300156) and ZXKJ (300101) etc. SZSE 100 Index will have 10 samples changed, with CMET (001965) and SUPOR (002032) replacing China Reform Health (000503) and Zhongtai Chemical (002092) etc. The SME Index will have 10 samples shuffled, with OFFCN EDU (002607) and Sainty Marine (002608) etc. substituting Yahua Group (002497) and Hifuture Technology (002168) etc. The SZSE Small/Mid Cap Innovation Index will adjust 77 samples, taking in ABSEN (300389) and ANCHE (300572) etc. and removing *ST Feima Int'l (002210) and *ST Soling Industrial (002766) etc.
Core SZSE indexes will attain greater market representativeness after the adjustment, which reflects the featured growth of SZSE Component Index, ChiNext Index, SZSE 100 Index etc. The operating income in 2018 of the 100 samples of adjusted SZSE Component Index, ChiNext Index and SZSE 100 Index increased by 25%, 21% and 39% respectively, higher than the overall level of A-share listed companies in the same period (16%). In terms of profitability, the net profit in 2018 of samples of all the three indexes went up by over 12%, higher than the overall growth of A-share listed companies in the same period (2.5%).
Recent years witnessed an increasingly prominent proportion of strategic emerging industries and new economy industries in the core SZSE indexes. After the adjustment, in SZSE Component Index, ChiNext Index and SZSE 100 Index, the weight of samples from strategic emerging industries will amount to 57%, 84% and 56% respectively, and the proportion of relevant companies will register 57%, 92% and 57%. Besides, information technology, consumption and healthcare industries etc. are becoming dominant. The top three industries in SZSE Component Index after adjustment are information technology, optional consumption and consumer staples, with a weight of 22%, 17% and 13% respectively. The top three sectors of the ChiNext Index are information technology, healthcare and consumer staples, with a weight of 36%, 22% and 14% respectively. Optional consumption, information technology and consumer staples dominate the SZSE 100 Index, with their respective weights being 23%, 18% and 18%.
For the detailed list of relevant samples adjusted, please visit the official website of SZSE or www.cnindex.com.cn.
