92 enterprises' applications for IPO were accepted - the listing review of Beijing stock exchange was accelerated
2022-07-07
Recently, the State Council has deployed a package of measures to stabilize the economy, proposed to improve the financing efficiency of the capital market, and scientifically and reasonably grasp the normalization of initial public offering and listing (IPO) and refinancing. The Beijing stock exchange has accurately connected the financing needs of innovative small and medium-sized enterprises, significantly accelerated the listing review, and focused on the sustainable supply of high-quality enterprises. The reporter learned that since June, the number of listing declarations on the Beijing stock exchange has suddenly exploded. According to the latest data released on the website of the Beijing stock exchange, 92 enterprises applied for listing on the Beijing stock exchange in June, the largest number of applications since the establishment of the Beijing stock exchange. In the first half of this year, the Beijing stock exchange accepted a total of 115 listing applications. Up to now, the number of enterprises reviewed by Beijing communications exchange is 137. This batch of accepted enterprises are mainly concentrated in the material industry, industry, optional consumer industry, information technology, health care and other fields. Among them, the number of enterprises in the "manufacturing" category is the majority, with 75 enterprises, accounting for 81.52%. At the same time, the subdivisional tracks that each enterprise focuses on also have their own characteristics. There are enterprises mainly engaged in the intelligent Internet of things, enterprises engaged in textile testing and inspection, and enterprises specializing in the production of cross-country motorcycles. The development characteristics of "specialization" and "specialization" are obvious. In June, the enterprises accepted by the Beijing stock exchange were mainly from 20 provinces. The top provinces in terms of the number of enterprises were Jiangsu (17), Zhejiang (13), Beijing (11), Guangdong (10), Henan (6), Shanghai (5), Shandong (5) and Sichuan (5). From the perspective of business operation, profit-making enterprises accounted for 95.65%. There are 7 enterprises with a total operating income of more than 1billion yuan in 2021, 15 enterprises with a total operating income of 600million yuan to 1billion yuan in 2021, and the remaining enterprises with a total operating income of more than 100million yuan in 2021. The average R & D intensity of enterprises is 5.54%, which is 3.9 times the average level of Enterprises above designated size. The background of innovation driven is bright. From the perspective of sponsors, the top four securities companies with project volume are CITIC construction investment (9), Soochow securities (7), Guojin securities (6), Dongguan securities, Kaiyuan securities and Shenwan Hongyuan securities respectively. With the normalization of the issuance and listing of the Beijing stock exchange, it is expected that more high-quality enterprises will land on the Beijing stock exchange in the future. According to the reporter, at present, the average time (from acceptance to approval / registration) of project audit of Beijing stock exchange is 143 days, and the project audit with good enterprise quality and diligent and responsible intermediary agencies is more efficient. Analyzing the reasons behind the "speed of the Beijing stock exchange", Zhu Weiyi, general manager of power capital, said that this is the linkage mechanism between the Beijing stock exchange and the stock transfer system. For example, after many new third board enterprises release their annual reports or the guidance and filing of the Beijing stock exchange, the share transfer system will send out periodic report inquiry letters as soon as possible. Enterprises and intermediaries will sort out the company's problems while preparing the inquiry letters, rectify some problems in time, and avoid reporting with diseases. At the same time, the "making Fuli" of the Beijing stock exchange is also increasingly evident. Zhu Haibin, an analyst at the new third board of Anxin Securities Research Center, said that the latest average return rate of enterprises on the new third board to IPO is 4 to 8 times. As the leading leverage of the Beijing Stock Exchange began to work, some new changes and new features appeared in the enterprises that applied for listing on the new third board in the first half of this year. The reporter learned from the national stock transfer companies that the first is the "volume increase". In the first half of 2022, 203 companies newly applied for listing, an increase of 331.91% year-on-year; The second is "high quality". The net profit of 25 enterprises newly applied for listing in 2021 exceeded 50million yuan, and the net profit of 8 enterprises exceeded 100million yuan. In terms of performance indicators, 140 of the 203 new companies applying for listing meet the financial standards of the Beijing stock exchange, accounting for nearly 70%. Among them, the highest operating income in 2021 was 3.88 billion yuan, and the highest net profit in 2021 was 829 million yuan. Among the 203 newly applied enterprises, only 40 state-level specialized and special new "little giant" enterprises. It is worth mentioning that among the 203 new companies applying for listing, 55 companies were delisted from the new third board and reapplied, and 81 companies had received IPO counseling. Industry insiders believe that this reflects that with the comprehensive deepening of reform and continuous promotion of the new third board, some innovative small and medium-sized enterprises with a keen sense of smell have turned their attention to the new third board market again. They believe that with the further play of the leading effect of the Beijing stock exchange, the attraction of the new third board will become greater and greater. (Xinhua News Agency)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:ECONOMIC DAILY
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