Original title: Beijing Stock Exchange’s leading role in leveraging is remarkable. In the first half of the year, the number of companies applying for listing on the New Third Board reached 203, an increase of more than 3 times year-on-year.
Reporter Meng Ke
The reporter learned from the National Equities Exchange and Quotations Company that in the first half of this year, 203 companies were newly listed on the New Third Board, an increase of more than three times (331.91%) compared with the 47 companies in the same period last year. Among them, there are 140 applicants that meet the financial standards of the Beijing Stock Exchange, accounting for 68.96%.
“The surge in the number of companies applying for listing in the first half of the year was mainly driven by the establishment of the Beijing Stock Exchange.” Zhang Keliang, head of the market-making business of Bohai Securities, said in an interview with a reporter from Securities Daily that the establishment of the Beijing Stock Exchange has reduced the number of listed companies on the one hand. On the other hand, it improves the efficiency of listing, so the market response is very positive. Among them, 68.96% meet the financial indicators of the Beijing Stock Exchange. If we calculate it, the expected proportion that meets the financial indicators of the Beijing Stock Exchange will exceed 80% after one year of listing.
National Specialized Special New “Little Giant”
up to 40
The reporter noticed that these new companies applying for listing not only increased significantly in number, but also performed brilliantly. 25 of the 203 listed companies will have a net profit of more than 50 million yuan in 2021, and 8 companies will have an annual net profit of more than 100 million yuan.
“In the first half of the year, the number of new listings on the New Third Board increased sharply, mainly due to the continuous increase in the attractiveness of the Beijing Stock Exchange to high-quality small and medium-sized enterprises. The Beijing Stock Exchange gave full play to its leading role in attracting newly listed companies and new entrants to actively prepare for the Beijing Stock Exchange. Listed on the stock exchange.” Chang Chunlin, founder and partner of Beijing Liver Investment Management Co., Ltd. told the “Securities Daily” reporter that innovative small and medium-sized enterprises with good quality and strong profitability are actively applying for listing on the New Third Board, embracing the Beijing Stock Exchange, It shows that innovative small and medium-sized enterprises are eager for capital market services to better cope with complex domestic and foreign economic situations and risk challenges, better adhere to the innovation-driven high-quality development path, and achieve high-speed and stable growth.
It is worth mentioning that in the first half of the year, the companies applying for listing “coexisted with strength and potential”. Among them, there are as many as 40 national-level specialized and special new “little giant” enterprises. The company’s average R&D expenses in 2021 will be 12.6334 million yuan, accounting for 3.47% of the average revenue.
In terms of industries, the new applicants are mostly concentrated in the special equipment manufacturing industry (30 companies, accounting for 14.5%), software and information technology services (28 companies, accounting for 13.7%), computer and communication and other electronic equipment manufacturing industries (17, accounting for 8.37%), general equipment manufacturing (14, accounting for 6.7%). Among them, there are many leading companies that focus on subdivided fields and master key core technologies.
Chang Chunlin said that these industries are generally high-prosperity industries, with high growth, high operating risks, innovation-driven, and large capital required for expansion.
“Among the companies declared this time, there are 40 specialized, specialized, and new companies, showing a leading role.” Zhang Keliang said that from the perspective of industry characteristics, it belongs to a strategic emerging industry. At present, my country’s economy is shifting to a stage of high-quality development, which requires hard work. At the same time, science and technology also need to support and support strategic emerging industries for hard technology. The upgrading of the industry requires the entire industry chain, not just the leading enterprises alone. In the future, the role of the New Third Board and the Beijing Stock Exchange in the upgrading of my country’s industrial strategy will become increasingly prominent.
second half
Companies will be more active in applying for listing
Among the newly listed companies, 1/4 of them are re-listed.
From the perspective of the industry, the New Third Board allows delisted companies to re-apply for listing. As the Beijing Stock Exchange further exerts its leading effect, there will be more companies that have been delisted to stage a “double score”.
Zhang Keliang believes that this positive trend will continue in the second half of the year, and the next two to three years will be a critical period for the rapid development of the New Third Board and the Beijing Stock Exchange. and the Beijing Stock Exchange to continue to maintain efficient audits. At the same time, it is necessary to strengthen the construction of the secondary market, introduce social funds from various aspects and channels, and achieve a reasonable match between the two ends of investment and financing.
“While improving the review efficiency of the primary market, it is also necessary to improve and enhance the small-amount, fast and flexible refinancing system, so as to truly match the issuance system and the refinancing system, and explore a new model of inclusive finance in the capital market. ” Zhang Keliang said.
Chang Chunlin said that in the second half of the year, it is expected that the listing of NEEQ companies will be more active and enthusiastic, and more innovative small and medium-sized enterprises with good quality and strong profitability will actively apply for listing on the NEEQ and enter the innovation layer. The number of companies in the innovation layer has increased significantly. While contributing more high-quality “students” to the Beijing Stock Exchange, they will also play their “backbone” in the NEEQ market. The market structure will be more perfect. A perfect market structure can effectively improve the accuracy of the capital market in serving innovative small and medium-sized enterprises, and serve innovative small and medium-sized enterprises to achieve high-quality growth. (Securities Daily)