74 Bay Area Enterprises Plan To Raise 49.6 Billion Gem Shares, With Guangdong Enterprises Taking The Lead

The implementation plan on implementing the financial support for the construction of Guangdong, Hong Kong and Macao Bay area was officially released, which proposed that "we should take the opportunity of the reform of the registration system on the gem as an opportunity to support the innovation and entrepreneurship enterprises in Guangdong, Hong Kong and Macao to make better use of the capital market to become better and stronger".

In fact, since the registration system reform of gem was officially launched at the end of April, the enterprises in Guangdong, Hong Kong and Macao Bay area have performed quite actively.

According to the data from the official website of Shenzhen Stock Exchange, up to now, there are 364 enterprises in total. Guangdong Province ranks the first with 82 Enterprises. Among them, cities in Guangdong, Hong Kong, Macao and Dawan district are the main force of declaration, with 74 enterprises in eight cities except Zhaoqing.

In the view of industry insiders, the gem after the reform will have a great role in promoting the capital activity in the bay area.

"The gem reform will further enhance the service ability and efficiency of the capital market to the real economy, help to improve the direct financing system and the scale of equity financing, reduce the level of macro leverage, and enhance the ability of enterprises to cope with risk challenges. This will also effectively help Guangdong, Hong Kong and Macao Bay area to further deepen the structural reform of the financial supply side and improve the service ability of the financial system The new economic development zone is the first to provide assistance. " On August 13, Li Zhan, chief economist of Zhongshan securities, pointed out in an interview.

82 Guangdong enterprises apply for gem

The gem reform and pilot registration system are in full swing, and regional innovation and entrepreneurship enterprises are also actively involved in the declaration work.

The reporter of 21st century economic report has noticed that up to now, there are more than 364 enterprises under the registration system of gem. From the perspective of performance, the average revenue of these enterprises in 2019 is 1.477 billion yuan, and the average net profit in 2019 is 117 million yuan.

From the perspective of industry distribution, the enterprises to be listed are mainly distributed in industries, information technology, materials, optional consumption, health care and other industries, and the above five industries account for 92%.

From the geographical distribution, 364 enterprises mainly come from 27 provinces and cities.

Among them, Guangdong province occupies a well deserved "C position", with the largest number of planned IPO enterprises, up to 82, while the second and third regions are 57 in Zhejiang Province and 54 in Jiangsu Province. In addition, among the municipalities directly under the central government, 26 and 24 enterprises in Beijing and Shanghai respectively disclosed and applied for gem.

"At present, the number of enterprises accepted by gem in Guangdong ranks first, followed by Zhejiang and Jiangsu, which reflects the effective implementation of the development strategy of China's Dawan district and Yangtze River Delta region, and also reflects the due contribution of gem in the promotion of national strategy. The reason why Guangdong, Hong Kong and Macao Bay area is positioned as an international science and technology innovation center under construction is that there are a number of entrepreneurial enterprises that can effectively innovate in Dawan district. The registration system on the growth enterprise market is adding capital wings to these innovative and entrepreneurial enterprises. " Tian Lihui, Dean of the Institute of financial development of Nankai University, pointed out in an interview.

The total amount of capital raised by enterprises in Guangdong and Macao is RMB 3860 million, which is expected to be raised by enterprises in Guangdong. There are 49 and 11 enterprises in Shenzhen and Guangzhou.

Huali Co., Ltd., which has the highest amount of funds raised, is a sports brand operator. Its main products include sports casual shoes, outdoor boots and sports sandals / slippers.

According to the company's financial report, the revenue from 2017 to 2019 is 10.92 billion yuan, 12.388 billion yuan and 15.166 billion yuan respectively. The net profits were 1.109 billion yuan, 1.532 billion yuan and 1.821 billion yuan respectively. Its top five customers in 2019 are Nike, VF, Deckers, Puma and Columbia.

In terms of financial data, CIMC is the largest semi-trailer manufacturer with the largest sales volume in the world. It is also a holding subsidiary of CIMC group, a Hong Kong listed company.

From the perspective of industry, 26, 7 and 6 enterprises respectively participated in the declaration of enterprises in Guangdong, Hong Kong and Macao Bay area, mainly from computer, communication and other electronic equipment manufacturing industry, professional technical service industry, and special equipment manufacturing industry.

Reform and activate the innovation "power" of the Bay Area

As one of the most active places of private economy, Guangdong Province is also one of the main sources of stock gem enterprises.

Up to now, of the 831 listed companies on the gem, 193 are from Guangdong Province, with a total market value of 2.45 trillion yuan.

"Most of the enterprises registered on the gem in Guangdong Province are registered on the gem. Enterprises choose to list on the stock exchange according to the principle of proximity, which reduces the management radius and shortens the distance of information transmission. Moreover, SZSE has rich experience in financing technology innovation enterprises, and its system and mechanism are more flexible. " Pan Helin, executive director of the Digital Economy Research Institute of Central South University of Finance and law, pointed out.

Dong Dengxin, director of the Institute of Finance and securities of Wuhan University of science and technology, also said: "there are many high-tech and big brand enterprises in Guangdong Province, especially in Shenzhen. All of these have led to the largest number of Listed Companies in the gem registration system reform in Guangdong Province."

With the opening of the registration system reform of the growth enterprise market, many people in the industry believe that this measure will enable a large number of unlisted enterprises to take the express train of gem reform and development, realize quality and efficiency improvement with the help of capital market, and help Guangdong, Hong Kong and Macao Bay Area to build an international science and technology innovation center and Shenzhen to create a high-quality development highland.

"According to the positioning of gem, it will adapt to the development trend of relying more on innovation, creation and creativity, mainly serve growth oriented innovative and entrepreneurial enterprises, and support the deep integration of traditional industries with new technologies, new industries, new formats and new models." Li Zhan said.

"This is the advantage that the Shenzhen Stock Exchange's gem registration system reform will bring to Guangdong. Of course, the economic foundation of Guangdong is better than that of other regions, especially in the total economic volume. High tech enterprises have done well in the economic transformation of Guangdong Province, and the number of high-tech enterprises is relatively large. The rise of these enterprises is an important force for Guangdong's economic growth. " Dong Dengxin also pointed out.