Enjoy the reform dividend, Jiangsu enterprises grow rapidly
As an important part of multi-level capital market construction, gem was officially launched in 2009. Ten years of growth, GEM listed enterprises reached 810. According to statistics of Shenzhen Stock Exchange, as of May 15, the total market value of gem is about seven point one eight Trillion yuan. As a capital Province, Jiangsu GEM listed enterprises have already exceeded 100.
Securities Daily learned from Jiangsu Association of listed companies that as of April 30, 2020, there are 439 listed companies in Jiangsu Province, accounting for 11.51% of the total number of A-share listed companies, including 184 main boards of Shanghai Stock Exchange, 17 science and technology innovation boards, 23 main boards of Shenzhen Stock Exchange (including 1 pure B-share), 107 small and medium-sized boards and 108 gem.
As a participant and witness of the growth of gem for ten years, Xinning logistics, the first listed enterprise of gem in Jiangsu Province, said in an interview with Securities Daily, over the past ten years, Xinning logistics is honored to start with gem and grow together. Xinning logistics was honored to be one of the first GEM listed participants in that year, and now Im glad to see more excellent companies have the opportunity to join in.
With the gem reform and the formal implementation of the pilot registration system, the gem will usher in a new starting point. Xinning logistics said that in the future, the company will, as always, make good use of the gem resource platform, give full play to the gems positioning and advantages, contribute to the promotion of Chinas intelligent logistics industry, and make continuous efforts to make Xinning logistics develop into the most competitive comprehensive logistics group in China.
According to the financial report, the revenue scale of 106 Jiangsu GEM companies in 2019 is more than 100 million yuan, of which 48 companies have exceeded 1 billion yuan, and 91% of the companies have achieved profits. According to wind consulting data, as of May 14, 2020, the total market value of 108 GEM listed companies in Jiangsu is 598.18 billion yuan, Zhuosheng micro ranked first with 64.489 billion yuan market value, and another 11 companies have a market value of more than 10 billion yuan.
Facing the development opportunities brought by the multi-level capital market reform, the Soviet enterprises took active actions.
According to the data on the official website of the CSRC, as of May 14, there were 206 enterprises queuing on the gem, 22 of which had passed the CSRC. According to the notice of transition period arrangement previously issued by CSRC, CSRC has stopped receiving IPO application of gem, but it is still promoting relevant administrative licensing work normally according to regulations. It has become a hot topic in the market whether the stock enterprises can achieve seamless translation.
The reporter of Securities Daily learned from Jiangsu Provincial Department of science and technology that, to guide science and technology enterprises to connect with multi-level capital market, to promote the development and growth of provincial science and technology enterprises with the help of capital market, and to accelerate the pace of innovation, Jiangsu Provincial Department of science and technology, together with Jiangsu securities regulatory bureau, started to implement the listing training plan for science and technology enterprises. Up to now, there are 1531 enterprises in the stock market.
Pan Helin, executive director of the Digital Economy Research Institute of Zhongnan University of finance, politics and law, said in an interview with the Securities Daily, the orientation of science and technology innovation board mainly covers the new generation of information technology, high-end equipment, energy conservation and environmental protection, new energy and other fields. The growth enterprise board serves the growing entrepreneurial and innovative enterprises, and supports the integration of traditional industries and new technologies. The new three board selection layer is known as small IPO, facing enterprises in the earlier stage of development. For enterprises, the choice of which plate to go to be listed is ultimately based on the characteristics of each plate, combined with their own conditions and enterprise positioning.