CNR Beijing, May 2 (Reporter Jiang Yong) According to a report by the Voice of Economics of China Central Radio and Television, “World Finance and Economics”, the Shanghai Stock Exchange recently announced that as of April 30, in addition to four companies including Future Shares, the Shanghai Stock Exchange All 1,667 listed companies on the main board have completed the disclosure of their 2021 annual reports. In the first year of the “14th Five-Year Plan”, with the strong support of national policies, Shanghai-listed companies overcame the influence of multiple unfavorable factors and maintained stable growth in overall business performance. The “basic disk” for the sustained and stable economic recovery.
In 2021, the main board companies of the Shanghai Stock Exchange will achieve a total operating income of 47.07 trillion yuan, a year-on-year increase of 18%, accounting for more than 40% of the country’s total GDP. The net profit attributable to the parent company was 4.04 trillion yuan, and the net profit after deduction was 3.81 trillion yuan, a year-on-year increase of 23% and 28% respectively.
From the perspective of profit and loss, 1,451 companies achieved profitability, accounting for 87%. More than 80% of the companies have expanded their operating income, and more than 60% of the companies have achieved growth in net profit.
Regarding the overall performance of listed companies, Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Business School, analyzed, “A-share main board companies are operating well and have maintained a high growth rate. From the perspective of profit ratio, Most companies have shown the vitality of performance growth, indicating that the overall situation of my country’s economy is improving.”
It is worth noting that while the main board companies of the Shanghai Stock Exchange achieve performance growth, they pay more attention to giving back to investors with real money. In 2021, a total of 1,221 companies have launched dividend plans, accounting for 84% of all profitable companies. The total cash dividends will be close to 1.48 trillion yuan, a significant increase of 26% over 2020 and a record high. Share repurchase was further intensified, with more than 150 companies implementing repurchase throughout the year, with a total repurchase amount of about 44 billion yuan. Among them, about 90% of the company’s repurchase purpose is to implement equity incentives or employee stock ownership plans. Pan Helin’s analysis: “The increase in cash dividends is due to the fact that policies have guided companies to increase dividends, and Chinese companies have played a leading role in dividend distribution. The importance of investors, the capital market has gradually built a long-term dividend return feedback mechanism with dividends. Of course, it is necessary to see that the main board companies are relatively mature, and the proportion of their cash dividends is relatively large.”
Du Shuai, a distinguished professor at Renmin University of China, believes that promoting listed companies to implement continuous and stable cash dividends is also one of the ways to effectively improve the quality of listed companies. , we must pay attention to the proportion of cash dividends. The increase in dividends will inevitably enhance the confidence of investors in long-term shareholding, and promote the concept of value investment to be further popularized, thereby promoting the quality improvement of listed companies and promoting the high-quality development of the capital market. The cash dividends of listed companies are the foundation of the capital market. One of the basic systems is to protect the rights and interests of investors, strengthen the reflection of shareholder returns, and improve the dividend system, which can effectively enhance the investment function of the capital market and attract long-term funds to enter the market.”
While stock trading maintained a high level of activity, the proportion of institutional investors further increased. As of the end of 2021, the market value of professional institutional investors’ holdings in the tradable shares of companies on the main board of the Shanghai Stock Exchange was about 10 trillion yuan, a year-on-year increase of nearly 25%. Transactions accounted for about 35%, an increase of about 7 percentage points year-on-year. Pan Helin said: “The overall scale of institutional investors is increasing year by year, and the main board is an important target market for institutional investment, so the market value of the main board has risen. The cash flow is relatively stable, especially the increase in the cash dividend ratio of the main board, which is conducive to institutional liquidity circulation and maintaining healthy liquidity. Therefore, the main board has become more popular in recent years.”
The Shanghai Stock Exchange also recently released an analysis of the operating performance of companies on the Science and Technology Innovation Board. In 2021, companies on the Science and Technology Innovation Board will achieve a total operating income of 834.454 billion yuan, a year-on-year increase of 36.86%, and nearly 90% of the company’s operating income will increase. The STAR Market achieved a net profit of 94.841 billion yuan attributable to the parent company, a year-on-year increase of 75.89%.
As a gathering place for scientific and technological innovation enterprises, the Science and Technology Innovation Board has so far included 123 listed companies in the national list of specialized, special and new “Little Giants”, accounting for 29% of the total number of listed companies on the Science and Technology Innovation Board. Pan Helin said that the Sci-tech Innovation Board is deeply engaged in the main business of science and technology innovation, and the quality of science and technology innovation is full. “Science and Technology Innovation Board has a high proportion of technology stocks and is in good condition. It represents the future of China‘s manufacturing industry and is the mainstay of China‘s innovation and creation. However, It should also be noted that the industry coverage of companies listed on the Science and Technology Innovation Board still needs to be improved.”Return to Sohu, see more
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