Among them, CICC has become the biggest winner among 42 recommendation securities companies on the science and technology innovation board with a total floating profit of 3.29 billion yuan. According to statistics, CICC has invested in 17 science and Technology Innovation Board companies such as SMIC international and Jinshan office, with an average return on investment of about 1.7 times; Haitong Securities ranked second with the total floating profit of 2.61 billion yuan, but Haitong Securities only invested in 6 science and Technology Innovation Board companies such as SMIC international and Shanghai silicon industry, with an average return on investment of about 2.2 times; CITIC Securities ranked No.1 with the total floating profit of 1.08 billion yuan 3u3001 After following in the Cambrian, LanChi technology and other well-known projects, CITIC Securitiess average return on investment is only 1.6 times.
On the whole, the stock price rise of the following investment projects determines the investment return rate of each securities company. Specifically, the company listed at the end of last year became the most profitable company on the science and technology innovation board with an increase of 579%. As its sole sponsor, China Merchants Securities gained an investment income of nearly 2.4 yuan on the stock, with an average return on investment of nearly 8 times. Although Guoyuan Innovation Investment Co., Ltd., an investment subsidiary of Guoyuan securities, only invested in one company, due to the first day of the listing of GuoDun quantum, the co invested Guoyuan securities also made a profit. So far, the average return on investment of the project is as high as 7 times.
The direct investment business personage of a number of securities companies said that for many years, the PE and Pb valuation methods used by the securities investment banks have been unable to judge the real value of the enterprises on the science and technology innovation board. How to form an objective valuation system that conforms to the development cycle of the science and technology innovation board enterprises will test the investment and research level of the securities companies. After the first anniversary of the operation of the science and technology innovation board, the investment capacity of each company has been preliminarily known.
A person in charge of an investment institution in East China said that shareholders of many venture capital institutions reduced their holdings in the first anniversary of the science and technology innovation board, which had a relatively big impact on the market. According to regulatory requirements, securities companies are required to lock in shares for two years, with a ratio of 2% - 5%. At present, about 60% of securities companies follow the investment of 5%. Next year, the demand for securities companies to reduce their holdings may form a new test on the science and technology innovation board.