Our reporter Meng Ke

On April 15, the national stock transfer company issued the announcement of the first decision to enter the innovation layer in 2022, and 40 new third board basic layer companies such as wante electric, Nanlin electronics and consistent konjac were transferred to the innovation layer.

On the whole, the first batch of innovative progressive companies have good business quality, obvious innovation attributes and strong toughness. Specifically reflected in: first, the overall profitability is outstanding, and 30 companies meet the financial conditions for listing on the Beijing stock exchange. In terms of profitability, the average operating revenue of 40 companies in 2021 was 357 million yuan and the average net profit was 32.3758 million yuan, 14.81% and 28.64% higher than the listed companies that have disclosed their annual reports. The average return on net assets reached 15.69%, an increase of 1 percentage point over last year and 4.15 percentage points higher than the listed companies that have disclosed their annual reports.

Second, the growth is relatively strong. More than 80% of the company’s operating revenue or net profit has continued to grow in recent three years. The compound growth rates of operating revenue and net profit of 40 companies in recent two years were 22.43% and 40.94% respectively, 9.22 and 22.07 percentage points higher than those of listed companies that have disclosed their annual reports. Over 80% of the company’s operating revenue or net profit has continued to grow in recent three years.

Third, the industry distribution is concentrated and the innovation attribute is strong. Among the 40 companies, 27 are in manufacturing and 5 are in information transmission, software and information technology services. 21 companies belong to the high-end equipment manufacturing industry and high-tech service industry, or are selected into the list of specialized special new “little giant” enterprises of the Ministry of industry and information technology. The average R & D cost is 16.9783 million yuan, and the average R & D intensity is about 5.37%, with strong innovation ability.

It is worth mentioning that among the 40 innovative tier companies, many are preparing for the Beijing stock exchange. For example, Nanlin electronics and Zhongke Meiling, which have been recognized by the specialized new “little giant” enterprises of the Ministry of industry and information technology, are in the listing guidance period of the Beijing stock exchange.

“The entry of these companies means that the high-quality students of enterprises accepted by the Beijing stock exchange will be further supplemented.” According to the research report released by Zhu Haibin team of Anxin securities, the announcement of the first batch of 40 entry lists reflects the national stock transfer companies’ further smooth growth path of small and medium-sized enterprises in the new third board.

“Among the first batch of 40 listed companies, 30 companies meet the financial conditions for listing on the Beijing stock exchange, accounting for a relatively high proportion, which proves that the innovation layer has achieved the goal of expanding the capacity and improving the quality of the Beijing stock exchange. With the increase of innovation layer enterprises, especially the increase of high-quality enterprises, it is expected that there will be a wave of listing applications of the Beijing stock exchange after the annual report quarter.” Zhou Yunnan, founder of Beijing Nanshan investment, told the Securities Daily.

According to the work arrangement for the implementation of innovation layers in 2022, it is expected that three layers of adjustment will be implemented in May, June and September this year.

As of April 15, there were 6815 listed companies on the new third board, including 1207 innovation layer and 5608 basic layer. Zhu Haibin estimates that after the adjustment of stratification frequency, it is expected that 200 to 300 new companies meeting the conditions of new innovation layers will be added this year to supplement the reserve force of the Beijing stock exchange.

“This will promote the innovation layer to become the backup base of high-quality companies of the Beijing stock exchange.” Zhu Haibin said that according to the financial data of recent two years, the existing basic layer was screened, and about 300 enterprises (excluding duplication) met the preliminary conditions of innovation layer were added, of which 243 enterprises at the basic layer met the conditions of innovation layer.