On June 1, Shenzhen Stock Exchange (SZSE) and its wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. released an announcement, saying that according to index compiling rules, the sample stocks for SZSE series core indexes including the SZSE Component Index, the ChiNext Index and the SZSE 100 Index would be adjusted periodically. The adjustment will be effective since 15 June 2021.
For the SZSE Component Index, 21 sample stocks will be replaced. Winnermedical (300888), Metron (300861), etc. will be added to replace CAMCE (002051), Richinfo (300634), etc. For the ChiNext Index, ten sample stocks will be replaced. Imeik (300896), Anker (300866), etc. will be added to replace M.R.Tech (300766), Doushen (300010), etc. For the SZSE 100 Index, five sample stocks will be replaced. Sungrow Power Supply (300274), Asymchem (002821), etc. will be added to replace Giant Network (002558), CGWS (002939), etc. Since the implementation of the reform of the ChiNext Board and the pilot project of the registration-based IPO system, the whole system has been running well, injecting new vitality into the market and bringing fresh energy into the SZSE indexes. After the adjustment, the SZSE Component Index, the ChiNext Index and the SZSE 100 Index added five enterprises, four enterprises and one enterprise listed under the registration-based IPO system on the ChiNext Board respectively.
After the adjustment, the market representativeness of the core indexes of SZSE will be further enhanced. With more quality SZSE-listed companies being added into the pool of sample stocks, the performance growth will be distinct. The market cap coverage rates of the SZSE Component Index, the ChiNext Index and the SZSE 100 Index will reach 72%, 61% and 45% respectively. According to the data of the 2020 annual report, the net profit of the sample stocks for the SZSE Component Index, the ChiNext Index and the SZSE 100 Index after the adjustment rose by 16%, 32% and 20% year on year, higher than the average level of SZSE-listed A-shares in the corresponding period.
In recent years, the advantages of emerging industries of the core indexes of SZSE have become more distinct and the characteristics of the industrial structure more prominent, fully demonstrating the capabilities and characteristics of SZSE in serving innovation-driven development, promoting the adjustment of industrial structure and supporting eocnomic transformation and upgrading. After the adjustment, the weights of sample stocks of strategic emerging industries in the SZSE Component Index and the SZSE 100 Index will be 60% and 63% respectively, and the corresponding weight in the ChiNext Index will be 83%. In terms of industry distribution, information technology, pharmaceutical & health and major consumption will top the sample stocks for the SZSE Component Index, weighting 22%, 16% and 13% respectively. For the ChiNext Index, the top three industries will be pharmaceutical & health, industry and information technology, weighting 35%, 23% and 20% respectively. For the SZSE 100 Index, the top three industries will be information technology, major consumption and pharmaceutical & health, weighting 22%, 17% and 16% respectively.
For the detailed list of adjusted sample stocks for relevant indexes, please refer to the official website of SZSE or of CNI Index (www.cnindex.com.cn).
