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As of 28 February 2017, all the 603 companies of ChiNext Board have disclosed their 2016 preliminary earnings estimates or annual reports. According to statistics, the ChiNext Board companies in 2016 have adaptively followed the new normal of economic development and reliably served the supply-side structural reform. With focuses on innovation and entrepreneurship, their overall performance has ascended to a new level. Also, they have played significant roles in serving the real economy and supporting independent innovation and economic transformation and upgrade.
Last year, the ChiNext Board companies experienced constant rapid growth in operation performance, further showcasing their edge of high-growth feature. The 603 companies’ annual operating revenue and actual net profit in 2016 totaled 805.272 billion yuan and 93.216 billion yuan respectively, with the respective year-on-year growth rates of 34.46% and 38.15%. Their growth rates in operating revenue and net profit have peaked in the latest five years, with the growth rate in the former outrunning that in the later for the first time in the past five years. All these tell that the ChiNext Board companies have enhanced their revenue quality and profitability. As the group of companies featuring high rate of growth expands, the high-growth edge is more exposed. In 2016, 83.9% and 75.0% of the ChiNext Board companies experienced year-on-year growth in operating revenue and net profit respectively, both rates higher than those in 2015. In particular, 29.7% out of the said 75.0% boasted a year-on-year growth rate of over 50% in net profit.
Moreover, sticking to the road of innovative development has helped the listed companies from strategic emerging industries deliver prominent performance. In 2016, 379 companies of strategic emerging industries achieved the year-on-year growth rate of 38.7% in operating revenue. In terms of net profit, the listed companies from three industries featuring energetic innovation, namely, computer manufacturing, software and info technology service, and medicine production, boasted high year-on-year growth rates of 48.5%, 46.3% and 39.5% respectively, eclipsing the ChiNext Board average.
Lots of innovative companies have outstood and developed into industrial flagships by making use of the capital market. Last year, the 603 companies had their operating revenue average at 1.34 billion yuan and net profit at 150 million yuan. Among them, 209 companies earned over one-billion-yuan operating revenue and 250 companies obtained more than 100-million-yuan net profit, constantly expanding their scale and bringing out a batch of industrial flagships featuring sweeping influences. Six companies, including Wen’s Foodstuff, SJ Environmental Protection and Lens Technology, made over 10-billion-yuan operating revenue. With regard to net profit, Wen’s Foodstuff harvested 11.772 billion yuan, accounting for 12.6% of the board total, and the other seven companies including Originwater, SJ Environmental Protection and Lens Technology have their achievements of more than one billion yuan.
In addition, M&A and restructuring have given a leg up to some startups featuring growth potential and innovative edge in turning into listed companies. The year 2016 saw the continued active trend of M&A and restructuring on the ChiNext Board. Throughout the year, 79 companies completed major assets restructuring and their annual operating revenue and net profit grew by 64.5% and 127.9% respectively, which leave the board average far behind. M&A and restructuring not only remarkably upturn the performance of listed companies, but serve as an exemplary role for innovative entrepreneurs, forcefully driving the implementation of national innovative entrepreneurship strategies.
