focuses on supporting high-tech industries and strategic emerging industries such as "new generation information technology, high-end equipment, new materials, new energy, energy conservation and environmental protection, and biomedicine", since its inception, the Science and Technology Innovation Board has been favored by the market for its "hard technology" attributes, and it has also become a racetrack for cities to show their hard power.
Which cities have reaped a lot of fruits on the Science and Technology Innovation Board? Which industries are the cities with the highest number of listed companies? Which cities are the largest R&D spenders? Let's find out.
"Trillion Club" became a big winner
Wind data shows that as of July 10, there were 541 listed companies on the Science and Technology Innovation Board, distributed in 88 cities. Among them, the GDP "trillion club" is the absolute winner.
In 2022, there are 24 cities with a GDP exceeding 1 trillion yuan, and these 24 cities have a total of 416 companies listed on the Science and Technology Innovation Board, accounting for 77%. Among them, the GDP rankings of Shanghai, Beijing, and Shenzhen perfectly match the rankings of the number of companies listed on the Science and Technology Innovation Board. Among the western cities, Chengdu ranks seventh with 17 companies listed on the Science and Technology Innovation Board.
IPO listing, in addition to enhancing the company's popularity, fundraising is also very important. After all, equity financing is a relatively low-cost financing method. As the saying goes, "money is easy to do." If enough funds are raised during the initial public offering, it will also provide sufficient financial motivation for the company's subsequent development.
541 companies listed on the Science and Technology Innovation Board raised a total of 791.3 billion yuan in IPOs, with a net fundraising of 847 billion yuan. From the perspective of initial fundraising, the top three are Shanghai, Beijing and Suzhou, with 202.9 billion yuan, 124.2 billion yuan and 47.8 billion yuan respectively.
From the perspective of the average amount of funds raised by each listed company, Tianjin performed outstandingly. Although there are only 7 listed companies on the STAR Market, the average fundraising amount of each listed company in Tianjin reached 3.657 billion yuan, about three times that of Shenzhen, Chengdu, and Suzhou.
Further analysis reveals that among the 7 listed companies on the Science and Technology Innovation Board in Tianjin, 6 are relatively large, and Haiguang Information (SH688041, stock price 68.53 yuan, market value 159.3 billion yuan) has raised funds of 10.8 billion yuan.
Judging from the market value on July 10, the total market capitalization of companies on the Science and Technology Innovation Board is close to 7.2 trillion yuan. Among them, Shanghai and Beijing are far ahead, both exceeding 1 trillion yuan, belonging to the first square;
541 Science and Technology Innovation Board companies will have a total R&D expenditure of 133.009 billion yuan in 2022, and the corresponding operating income will total 1,290.267 billion yuan. In terms of R&D expenditures, Beijing, Shanghai, and Shenzhen rank among the top three.
In terms of the ratio of R&D expenditures to operating income, Tianjin ranks first, reaching 31.85%, followed by Guangzhou and Beijing, both accounting for about 20%.
In addition to the relevant data of Qizhong Technology (SH688352, stock price 15.00 yuan, market value 17.8 billion yuan), which was listed in April 2023, was not included in the statistics, by the end of 2022, the 540 companies on the Science and Technology Innovation Board had a total of 202,800 R&D personnel (nine companies did not have relevant data at the end of 2022, and replaced it with data as of the end of June 2022). From the perspective of R&D personnel in each city, there are 2 cities (Beijing and Shanghai) with more than 30,000 people. It is worth noting that some rising new powers, such as Suzhou, Hangzhou, Chengdu, and Hefei, also rank relatively high.
Although companies that are not yet profitable can still be listed on the Sci-tech Innovation Board if they meet the relevant requirements, after successful listing, it will take a long time for some companies to commercialize their products and turn losses into profits. The reporter of "Daily Economic News" still counted the net profit attributable to the parent of 541 companies listed on the Sci-tech Innovation Board in 2022 by city. Companies listed on the Science and Technology Innovation Board will realize a total net profit of 119.15 billion yuan attributable to their parents in 2022. Among them, Shanghai and Shihezi ranked the top two, with profits of around 20 billion yuan.
In addition, the sci-tech innovation board companies in 9 cities suffered losses in net profit attributable to their parents in 2022, with Beijing having the largest loss of 1.761 billion yuan; followed by Shaoxing with a loss of 1.088 billion yuan;
Biomedicine and electronics are star industries
The industry distribution of companies on the Science and Technology Innovation Board can reflect the advantageous industrial layout of a city to a certain extent.
Whether it is first-tier cities such as Shanghai, Beijing, and Shenzhen, or rising new powers such as Suzhou, Hangzhou, and Chengdu, almost all of them have chosen to embrace the electronics and biomedical industries. Among them, Shanghai is the most typical. Among the 83 companies listed on the Shanghai Science and Technology Innovation Board, there are 28 electronics companies and 26 biomedical companies, accounting for 65% of the total.
"The 14th Five-Year Plan for the Development of Advanced Manufacturing in Shanghai" proposes to build a new industrial system of "3+6". 3 refers to three leading industries: integrated circuits, biomedicine, and artificial intelligence; 6 refers to six high-end industry clusters: electronic information, life and health, automobiles, high-end equipment, advanced materials, and fashion consumer goods.
The biomedical industry is one of the three leading industries that Shanghai is focusing on developing. After years of hard work, it has formed a relatively complete industrial chain and has become an important gathering place for global pharmaceutical companies. Shanghai has always benchmarked against the highest international standards and best levels, complied with the reform of the R&D and innovation model in the field of biomedicine, strengthened system supply, improved the service system, accelerated the building of a world-class biomedical industry cluster, and effectively enhanced the core competitiveness of the industry. According to
Wind data, further subdivided by SWS industry, the 26 medical and biological companies on the Science and Technology Innovation Board in Shanghai can be divided into chemical preparations, other biological products, medical R&D outsourcing, in vitro diagnostics, medical consumables, and medical equipment.
As one of the three leading industries, integrated circuits are also the core strength of companies listed on the Shanghai Science and Technology Innovation Board. The 19 analog chip design companies are impressive.
Whether it is biomedicine or integrated circuits, judging from the places of registration of companies listed on the STAR Market, they are mainly concentrated in the Pudong New Area and the Shanghai Free Trade Zone. How did
break out of Chengdu?
The number of listed companies on the Science and Technology Innovation Board, the top 10 cities by market value... Chengdu has achieved good results. As a western city, how can Chengdu break out of the encirclement?
In December 2021, Chengdu put forward the "Industrial Circle Building and Strong Chain Action" for the first time. "Building circles and strong chains" has also become a major strategic choice for Chengdu to promote the transformation of industrial development methods and enhance the city's core competitiveness.
In April of this year, the "Chengdu City Industrial Circle Building and Strong Chain Optimization and Adjustment Plan" (hereinafter referred to as the optimization plan) was officially issued. The optimization plan shows that the city's original 12 industrial ecosystems and 26 key industrial chains have been further optimized and adjusted into 8 industrial ecosystems including electronic information and 28 key industrial chains including integrated circuits. At the same time, the newly formulated "evaluation and efficiency work plan" dynamically monitors and tracks the operation status of indicators, and establishes a closed-loop working mechanism of "goal orientation-rose monitoring-annual assessment-optimization and improvement".
As far as the industrial drone industry chain is concerned, China UAV (SH688297, stock price of 47.94 yuan, market value of 32.4 billion yuan) and Zongheng shares (SH688070, stock price of 41.14 yuan, market value of 3.6 billion yuan) are the main enterprises of the chain; XGIMI Technology (SH688696, stock price of 128.54 yuan, market value of 9 billion yuan) is the main enterprise of the new display industry chain.
In addition to self-cultivation, Chengdu is also leading external chain companies.
On April 6, Estun (SZ002747, stock price 23.28 yuan, market value 20.2 billion yuan, full name "Nanjing Estun Automation Co., Ltd."), a leading enterprise in the domestic industrial robot industry chain, formally signed a contract with the Chenghua District Government, and the Estun industrial robot intelligent manufacturing base project officially settled in Longtan Industrial Robot Industrial Functional Zone, Chenghua District, Chengdu.
According to the "Chengdu Daily" report, at present, this functional area focuses on the subdivision of industrial robots in the artificial intelligence-led industry, and actively connects with market-oriented operating organizations. It plans to focus on core technological innovation, link Tsinghua University, University of Electronic Science and Technology of China, Sichuan University and other campus resources, rely on Estun, Canop and other leading chain enterprises, give full play to the upstream and downstream supporting advantages of the industrial chain of enterprises stationed in the area, use government funds and high-quality social capital as leverage, and gather multiple advantageous resources to jointly create a well-known domestic industry-university-research innovation integrating product display, innovation research and development, training experiments, and talent training. center.
(Tang Hui also contributed to this article)
Daily Economic News
