In the first half of 2017, the companies listed on the ChiNext grew steadily in performance, playing more prominent role in the implementation the innovation driving development strategy, serving economy transformation and upgrading.
The overall performance of listed companies continued to grow. In the first half of 2017, the companies listed on the ChiNext realizing operating income of 466.885 billion Yuan, up by 33.27% year-on-year, and realizing the net profit attributable to shareholders of listed companies of 45.53 billion Yuan, up by 6.02% year-on-year. Excluding the impact of Wen's Foodstuff, these companies’ operating income totaled 441.761 billion Yuan, increasing by 37.23% year-on-year; their net profit totaled 43.72 billion Yuan, increasing by 27.72% year-on-year. The performance of the companies listed on the ChiNext continued to maintain a good momentum of growth after hitting a 5-year high record last year.
Nine of the top ten companies with largest market value were in profit, only some individual heavyweight stocks declined in performance. Among the top ten companies with largest market value, nine companies other than Leshi Internet realized profit; except for Wen's Foodstuff, East Money, Leshi Internet declined both in operating income and net profit, other companies realized both increase in operating income and net profit. Among these companies, SJEP, Sunway Communication, Lens Technology increased in the operating income by 108.13%、85.56%、53.09% respectively, and Sunway Communication, Originwater, Lepu Medical grew in net profit by 145.74%、97.73%、31.23% respectively, all showing good growth.
Most industries grew, and manufacturing sector did well. Mining, public environmental protection, transportation and warehousing, wholesale and retail, construction and other industries witnessed rapid growth, and overall operating income and net profit of these industries rose 59.81% and 74.39% respectively. In the first half of the year, the manufacturing sector had a good growth, with operating income and net income rising 38.34% and 28.94% year-on-year. Among them, the operating income and net profit of electrical equipment and chemical sectors rose by more than 50% and 30% respectively. The number of computer equipment manufacturing companies has exceeded 100, and these companies’ operating income and net income increased by 40.50% and 26.39% respectively. Net profit growth of cultural communication was only 11.64%. The net income of water and electricity gas sector rose 1.87%. The net profit of farming, forestry, husbandry and fishing and information technology decline 72.85% and 12.96% respectively.
The performances of reconstructed companies have been significantly improved, and nearly 80% of these companies were industrial integration. During the reporting period, the operating income of restructured companies in 2016 year amounted to 75.83 billion Yuan, up 75% year-on-year, and total net profit of these companies reached 8.601 billion Yuan, up 83.90% year-on-year, both significantly higher than the overall level of the sector. During the reporting period, the companies listed on the ChiNext implemented 34 cases of reconstructed scheme, among which the underlying asset of 24 cases involved in strategic emerging industries, those of 6 cases involved in overseas merger and acquisition. These companies proactively accelerated the transformation and upgrading, consciously making strategic layout on a global scale. Among the reconstructed scheme disclosed in the first half of 2017, 37 cases were involved in the industry integration, accounting for nearly 80% of all. This phenomenon showed that the listed companies proactively carried out the industry upstream and downstream integration
The Companies listed on the ChiNext continues to increase their ‘high tech’ content. As of August 31, 2017, there are 637 high-tech enterprises listed on the ChiNext, accounting for nearly 95% of the companies listed on the ChiNext. 250 companies had national torch projects; 83 companies have 863 national projects; 58 companies are national innovative pilot enterprises. 85.61% of the ChiNext listed companies have core proprietary technologies related to the main products, owning 23,699 core patents related to the main products. Among the Companies listed on the ChiNext, 413 companies are from the strategic emerging industries, accounting for more than 60% of the companies listed on the ChiNext, and the overall research and development strength is as high as 5.3%, significantly exceeding the whole market, significantly higher than the ratio 2.5%--national total investment ratio of scientific research to GDP level planned in the 13th Five Year Plan..
The strategic emerging industry covers multiple fields, with eye-catching performance result in the first half of the year. The strategic emerging industry companies are widely distributed in new generation of information technology (167 companies), biology (61 companies), new materials (58 companies), energy conservation and environmental protection (57 companies), high-end equipment manufacturing (52 companies), the new energy (15 companies), the new energy vehicles (3 companies), and other fields. In the first half of 2017, strategic emerging industries showed outstanding performance, with their revenue and net income rising 39.12% and 18.32% respectively, surpassing the average level of the sector. Except for Leshi Internet, all strategic emerging industries listed companies realized double increase in operating income and net profit. In addition, the operating income of energy conservation and environmental protection sector and new energy industry increased by more than 50% year-on-year. Net profit for new energy vehicles and energy conservation and environmental protection increased 111.99% and 51.28% year-on-year.
The new listed companies have grown steadily and the outstanding companies stood out. From the beginning of 2016 to the end of August 2017, there were 183 new companies listed on the ChiNext. These companies achieved double growth in performance in the first half of 2017, with operating income and net profit increased by 20.83% and 16.18%. In the first half and first quarter of 2017, the earnings per share of new listed companies are 0.36 Yuan and 0.13 Yuan respectively, exceeding the average level of the board. Among the new listed companies, Betta Pharmaceuticals, Jafron Biomedical, and Yealink Network have become enterprises with strong innovation and industry influence.
