Photo taken on July 22, 2019 shows the debut ceremony of China's sci-tech innovation board (STAR market) at the Shanghai Stock Exchange in Shanghai, east China. (Xinhua/Fang Zhe)
BEIJING, May 6 (Xinhua) -- China's Nasdaq-style sci-tech innovation board, also known as the STAR market, reaped fruitful results in 2020 as many companies listed on the board reported strong performance, reported China Securities Journal Thursday quoting Shanghai Stock Exchange (SSE).
SSE data showed that as of April 30 this year, 268 STAR-listed companies had disclosed business performance in 2020, with total operating revenue up 15.51 percent year on year to 408.438 billion yuan, and total net profits attributable to the parent companies up 59.13 percent year on year to 50.086 billion yuan.
Nearly 80 percent of the companies saw an increase in operating revenue, with 12 companies seeing operating revenue multiply, and 30 percent of the companies each achieved an operating revenue of over 1 billion yuan. Around 70 percent of the companies saw net profits attributable to the parent companies increase, with 31 companies seeing such increase exceed 100 percent.
In 2020, the six major industries of the STAR market all achieved varying degrees of growth.
The operating revenue and net profits attributable to the parent companies of bio-medicine growing by 44 percent and 256 percent, that of the new-generation information technology represented by integrated circuits and digital "new infrastructure" 27 percent and 68 percent, and that of new energy 25 percent and 80 percent. Meanwhile, the net profits attributable to the parent companies of new materials, energy conservation and environmental protection, and high-end equipment increased 27 percent, 13 percent, and 8 percent, respectively.
The industrial agglomeration and brand effect of the STAR market are gradually emerging, which has gathered a number of innovative enterprises involving all links of the industrial chain and multiple application scenarios related to cutting-edge sci-tech fields like integrated circuits.
The STAR market is inclusive. So far, 20 special types of enterprises have been listed successfully, including 18 unprofitable enterprises, two enterprises with special shareholding structure and three red-chip enterprises, or companies registered overseas but operate in the Chinese mainland.
These enterprises have developed well after being listed on the STAR market. In 2020, the total operating revenue of the 18 unprofitable enterprises increased by 25.60 percent year on year to 46.233 billion yuan, with net profits attributable to the parent companies standing at -824 million yuan, a sharp increase of 3.617 billion yuan from 2019.
In 2020, the total research and development (R&D) investment of companies listed on the STAR market was 38.418 billion yuan, a year-on-year increase of 22.61 percent.
Meanwhile, these companies gathered a research team of more than 75,000 people, with an average of more than 280 people in each company. The research and development personnel accounted for nearly 30 percent of the total employees.
In 2020, these companies had made a series of new breakthroughs in sci-tech innovation, with the number of new intellectual property rights registering 16,300 throughout the year, including 4,500 invention patents.
(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
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