New Three Board Reform Effect Continues To Spilt New Phase, The Number Of Innovative Enterprises Will Increase Significantly.

The annual report period of the new three board market has just come to an end. (except for some companies affected by the epidemic haven't disclosed the annual report), but the same annual report period has different situations compared with the previous year.

In the wake of the comprehensive deepening reform of the new three boards, the new three board market is gradually activated. Among them, the new three board enterprises' attitude towards the innovation layer is the best representative. The situation has changed a lot in the past year and a year. In 2019, the enterprises in the innovation layer have been greatly reduced, and the enterprises are generally reluctant to enter the innovation layer.

According to the twenty-first Century economic report and institutional statistics, the new three board enterprises that have disclosed the annual report of 2019, the enterprises that meet the latest rules can apply for the 2020 innovation layer, or have significantly improved compared with 2019.

"The number of selected enterprises is very small at present, and about 200 declared enterprises are basically the pyramid enterprises in the market at present, but whether the market is activated depends on the middle level market, that is, the innovation layer. The 2019 stratification stage is the historical bottom of new three boards over the years. The number of enterprises at the current level of innovation is sharply reduced, while the underlying enterprises are unwilling to attack the innovation layer and the market is lifeless. Under the impetus of the reform, the willingness of enterprises to move between different levels is greatly enhanced, and the number of enterprises in the innovation level is expected to rise, which will lay a solid foundation for the long-term development of selected layers. Beijing area a medium-sized brokers new three board business person in charge told reporters.

Innovation level enterprise or big increase

According to statistics from Wind, a total of 6953 enterprises reported the 2019 annual report, accounting for 80.6% of the total number of new three board enterprises. Unlike previous years, this year, affected by the epidemic, a number of companies have applied for an extension of the 2019 earnings report.

From the data that has been disclosed, the average annual operating income of enterprises in the annual report is 215 million yuan in 2019, which is 7% higher than that in the same period in 2018. The median annual operating income of enterprises reported in 2019 is 83 million 203 thousand and 600 yuan, up 6.4% from the same period in 2018.

In terms of net profit, the average annual net profit of the enterprises reported in 2019 is 10 million 311 thousand and 600 yuan, an increase of 15.9% over the same period in 2018, with a median net profit of 3 million 547 thousand and 200 yuan, representing an increase of 3.7% over the same period in 2018.

Financial data showed a good performance over the previous year, which laid a good foundation for this year's enterprise impact and innovation level.

Peng Hai, the head of the SME Department of open source securities, said: "as of now, the number of enterprises in the 658 innovation level enterprises has been disclosed to 544 enterprises in the 2019 annual report. At the same time, according to our calculations, the amount of financing has been more than 10 million yuan since the listing of the basic level enterprises in the 2019 annual report, and the financial indicators conform to the total of 723 entering the innovation layer.

Peng Hai further pointed out that, due to the initial stage of selection, giving priority to supporting innovative and entrepreneurial entities, temporary financial and financial enterprises are not allowed to enter the selection layer. "We exclude the financial and financial industries in the 723 enterprises, the number of shareholders at the end of 2019, and the total number of transactions less than 50 households since 2020. Finally, 519 enterprises meet the standards. According to this data, there will be about 600 enterprises expected to enter the innovation layer from the basic level this year. Peng Hai analysis.

Meanwhile, according to the data compiled by the latest hierarchical management rules, as of May 6th, 42 companies in the innovation layer had a daily closing price below the face value of each share, and there were 8 enterprises at the end of 2019 and the total number of transactions less than 50 since 2020.

At present, the number of innovative enterprises is 658, so it is estimated that more than 600 of these enterprises will be successful.

To sum up, the number of innovative enterprises will reach about 1200 this year, which is nearly double that of the final innovation level in 2019.

Tracing back to the data from stratification, we can see that in 2019, the 698 enterprises entered the innovation layer, the lowest level since the first stratification in 2016. In 2017, there were 1329 enterprises listed on the top of the list. In 2018, 940 enterprises entered the new three board innovation layer.

"According to our statistical data, with the introduction and quantification of new hierarchical management measures, it is estimated that the number of innovation layers will be greatly improved in the new three board implementation in 2020. Compared with the decline in the number of innovation layers in 2019, the change in the number of enterprises in the innovation layer this year is mainly due to the continuous deepening of the deepening of the new three board market, especially the high level of recognition of the selected market, which will greatly enhance the enthusiasm of the new three board enterprises and further broaden the financing capability of the new three board enterprises. Peng Hai told reporters.

Use all means to compete upstream.

According to the reporter's understanding of the twenty-first Century economic report, in addition to financial data, in order to impact the innovation layer, the enterprises in the basic level actively use various means to protect the level, including finding the capital broker to supplement the number of shareholders, or the joint agencies to complete the financing with the minimum amount.

"The market is active, and these ecosystems around the market are slowly reviving. Although many of the capital brokers are doing business in the gray area, there is a demand for such businesses, and the re emergence of all these shows that the new three board market is gradually warming up." Huang Pu, senior investor of new three board in Beijing, told reporters.

Among them, the number of shareholders is one of the most common means for enterprises to strive for innovation. No matter when the layering rules are revised at the end of 2017 or the latest revision of rules in the end of 2019, the national stock transfer system attaches great importance to the "qualified shareholder number". In the latest rules, the requirement that the listed company in the basic level should enter the innovation layer should meet the requirements of the qualified investors of the basic level investors who are not less than 50.

"Although the threshold of new three board investors has dropped a lot, investors who meet the 2 million threshold of the underlying level are still very few. For the underlying companies, qualified investors are scarce resources, so since the start of the reform, the business of supporting the shareholders of the underlying enterprises has come back." Huang Pu revealed.

"In fact, many companies are not looking for brokers or intermediaries this year. The new three board market is expected to be good, and there are friends who can help each other," he said. "The overall atmosphere of the market has improved greatly in 2019 compared to 2019."

Reporters learned that in 2019, many companies from the level of innovation and some of the financial standards of the basic level enterprises failed to upgrade the innovation layer because of the shortage of qualified investors.

"At that time, many enterprises were no longer willing to pay more attention to the impact of innovation or to retain the qualification of innovation. There were few intermediaries to do this business in the market. This year, the number of enterprises in the innovation layer has been greatly improved, and the enterprises have done a lot of work to win a great deal. This is also a positive and positive cycle." The foregoing Beijing area three new board business leaders think.