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The Success Story of China’s Science and Technology Innovation Board: A Catalyst for High-Tech Companies and Economic Development

The 5th Anniversary of the Science and Technology Innovation Board: It has become the first choice for “hard technology” companies to go public, helping high-tech companies to become self-reliant and self-reliant.

Science and Technology Innovation Board Daily 2023-11-05 19:09:33

On November 5, 2023, the Science and Technology Innovation Board will celebrate the fifth anniversary of its establishment. As of October 31, 2023, there are 562 listed companies on the Science and Technology Innovation Board, with a total market value of more than 6 trillion yuan, and a total IPO fundraising amount of nearly 900 billion yuan; in 2022, operating income, net profit, and R&D investment will each exceed 1 trillion yuan yuan, 100 billion yuan, 100 billion yuan. After five years of development, the Science and Technology Innovation Board has become the first choice for “hard technology” companies to go public, supporting the new force of self-reliance and self-reliance in high-level science and technology.

Several executives of listed companies told reporters from the Science and Technology Innovation Board Daily in interviews that the Science and Technology Innovation Board, as an important step in China’s capital market reform, provides more convenient and scientific financing channels for technological innovation enterprises. We hope that the Science and Technology Innovation Board will The board continues to become an oasis of scientific and technological innovation in China, providing more momentum for the upgrading of my country’s industrial structure and high-quality economic development.

▍The value of the A-share market on the Science and Technology Innovation Board exceeded 6 trillion yuan

An important feature of the Science and Technology Innovation Board is its focus on strategic emerging industries. As of October 31, there were 562 listed companies listed on the Science and Technology Innovation Board, all of which belong to strategic emerging industries and high-tech industries.

in,The total number of companies in the integrated circuit field reaches 107, accounting for “half of the total” of similar A-share listed companies.Covering upstream chip design, midstream wafer foundry and downstream packaging and testing, forming a development pattern with a complete upstream and downstream chain and complete industrial functions;

The total number of listed companies in the biomedical field is 111, focusing on the treatment of cancer, AIDS, hepatitis B, and hepatitis C.has become the world’s major listing place outside the United States and Hong Kong;

In the field of new energy, there are already 15 photovoltaic companies and 19 power battery industry chain companies, and the green economy has a good momentum of development.;Industrial robots, rail transit and other industrial chains have also begun to take shape.

At present, companies listed on the Science and Technology Innovation Board have covered 23 provinces, autonomous regions, and municipalities directly under the Central Government across the country. The top five provinces and cities are Jiangsu Province with 109 companies, Guangdong Province with 88 companies, Shanghai with 87 companies, Beijing with 74 companies, and Zhejiang Province with 48 companies, totaling 406 companies. home, accounting for 72%. There are 268 companies in the three provinces and one city of the Yangtze River Delta, accounting for 48%.

As of the end of October, the total A-share market value of the 562 companies on the Science and Technology Innovation Board reached 6.08 trillion yuan, with an average of 10.825 billion yuan and a median of 5.932 billion yuan. Among them, 166 companies have a market value of more than 10 billion yuan, 12 companies have a market value of more than 50 billion yuan, and 5 companies have a market value of more than 100 billion yuan.The top five companies on the Science and Technology Innovation Board by market value are Haiguang Information, Kingsoft Office, Semiconductor Manufacturing International Corporation, Transsion Holdings, and China Microelectronics Corporation.

▍Promote a virtuous cycle of capital and technology

In the five years since its launch, the Science and Technology Innovation Board has greatly promoted the virtuous cycle of “technology, capital, and industry”. At present, the total initial capital raised by 562 companies on the Science and Technology Innovation Board is 899.309 billion yuan, with the average amount of funds raised being 1.603 billion yuan, the maximum being SMIC’s 53.23 billion yuan, and the median being 996 million yuan. Data shows that over 90% of companies on the Science and Technology Innovation Board received investment from venture capital institutions before going public, with an average investment of approximately 930 million yuan per company.

The construction of the Science and Technology Innovation Board has always centered on the main line of reform to enhance the inclusiveness of the capital market for technological innovation enterprises and support innovation in key core technologies. Following this idea, the Science and Technology Innovation Board has established multiple sets of diversified and inclusive listing conditions to meet the financing needs of science and technology innovation companies of different types and stages of development. According to statistics, there are 54 unprofitable companies (17 of which are listed companies under the fifth set of standards), 8 companies with special equity structures, 7 red chip companies, 20 companies listed under the fifth set of standards, and 1 company that is listed on the transfer board. . A total of 18 companies have achieved “U” status on the Science and Technology Innovation Board.

Yang Hua, senior vice president of Yuncong Technology, told a reporter from the “Science and Technology Innovation Board” that the Science and Technology Innovation Board, as an important step in China’s capital market reform, provides more convenient and scientific financing channels for technological innovation enterprises, such as Yuncong Technology Because of this mechanism, such technology companies can unleash the innovation and entrepreneurship of scientists and contribute to the motherland’s technological power.

Yang Hua believes that in the past five years, the Science and Technology Innovation Board has successfully attracted many high-quality companies to go public, providing investors with more high-quality investment opportunities. At the same time, the Science and Technology Innovation Board is constantly undergoing reform and optimization to better serve enterprises and investors.

“In the future, we hope that the Science and Technology Innovation Board can continue to leverage its unique advantages to provide financing support for more technologically innovative enterprises and attract more investors to participate. We also hope that the Science and Technology Innovation Board can contribute to China’s technological innovation undertakings. Make greater contributions and promote the upgrading of China’s industrial structure. Finally, I wish the Science and Technology Innovation Board will continue to play an important role in the development of China’s capital market and continue to inject new vitality into the sustainable development of China’s economy. Our technology companies will also forge ahead. Okay, the more you do, the stronger you will become.” Yang Hua said.

Lou Jing, deputy general manager and secretary of the board of directors of Anheng Information, said that the Science and Technology Innovation Board, as a major initiative in China’s capital market reform, has demonstrated strong vitality and influence in the past five years since its establishment was announced, and has become a major technological innovation in my country. Enterprises provide important financing channels and development opportunities. Anheng Information is also one of the beneficiaries. Since its listing on the Science and Technology Innovation Board, the company has achieved further innovation and breakthroughs with the help of the capital market.

“From a future perspective, I hope that the Science and Technology Innovation Board can continue to uphold the principles of innovation and marketization, optimize the scientific and technological innovation ecosystem, cultivate more hard technology companies with independent innovation capabilities for our country, and promote the transformation of more scientific research results. We also hope that the Science and Technology Innovation Board can The Innovation Board can emerge on the international stage, attract more attention from international capital and foreign investors, and promote the global development of my country’s capital market. We hope that the Science and Technology Innovation Board will continue to become an oasis of China’s scientific and technological innovation, further develop and expand, and contribute to the development of our country’s industries. Structural upgrades and high-quality economic development provide more momentum.”

Hao Huimei, Secretary of the Board of Directors of ArcSoft Technology, said that China’s science and technology innovation has been working hard in the past five years. From the launch of the Science and Technology Innovation Board five years ago, to now, a group of “hard technologies” with efficient, rapid and high-quality development have gathered. Enterprises have injected strong capital momentum into China’s technological innovation. As one of the first practitioners of the Science and Technology Innovation Board, ArcSoft Technology will continue to adhere to dedication, focus, pragmatism and innovation to help China’s science and technology innovation and achieve steady and long-term development.

“Thanks for the establishment of the Science and Technology Innovation Board, which provides a broader development platform for hard technology companies, and we hope that more companies that focus on the underlying technology to solve stuck problems will enter the capital market.” Li Yiduo, chief financial officer and secretary of the board of directors of Xinghuan Technology, told reporters .

Warning from the financial community: The content, data and tools in this article do not constitute any investment advice and are for reference only and do not have any guiding role. The stock market is risky, so be cautious when investing!

2023-11-05 11:09:33
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