The China Development Institute and Hongxin Securities jointly released a report Tuesday on the development of Shenzhen’s listed companies, the Shenzhen Special Zone Daily reported yesterday.
The report reveals the development, characteristics and competitiveness of 367 domestic and foreign listed companies in Shenzhen as of the end of 2017 across four dimensions, namely scale, development potential, management capabilities and social contributions.
By the end of 2017, the number of listed companies in Shenzhen had reached 367, which were widely distributed across the major capital markets at home and abroad. In 2017 alone, 46 Shenzhen enterprises were listed on domestic and foreign capital markets through initial public offerings (IPO), said the report.
Apart from 26 companies that had experienced a long-term trading halt and unpublished annual reports as of June 30, 2018, the total market value of the remaining 341 listed companies had reached 10.29 trillion yuan (US$1.48 trillion), which was equivalent to 4.59 times the GDP of Shenzhen in the same year.
Meanwhile, the revenue of the 341 listed companies totaled 4.07 trillion yuan, an increase of 20.8 percent over the previous year. Among them, eight companies had annual revenue of more than 100 billion yuan, according to the report.
Statistics also show that the performance of listed companies in Shenzhen has continued on an upward trend and their economic and social contributions are outstanding, which can be attributed, on the one hand, to the city’s market-oriented business environment.
On the other hand, the positive business performance reflects the fact that the city’s economic structure has constantly been optimized and is advancing steadily.
In addition, the report evaluated the comprehensive competitiveness of these companies by using a three-level evaluation system and 27 specific indicators across four dimensions.
The results showed that the top three spots were claimed by China Ping An, Tencent and Vanke, while Evergrande, China Merchants Bank, China Merchants Shekou Holdings, AAC Technologies, CITIC Securities, Fenda Technology and BYD rounded out the top 10.