As of February 28, all the 421 companies listed on the ChiNext board have disclosed their major financial data for 2014 in forms of preliminary earnings estimates, annual reports and listing announcements as required. The data indicates that these companies actively adapt themselves to the “New Normal” economic growth, continue to intensify innovation, and take the initiative to transform and upgrade themselves by extensively using capital market instruments like M&A, equity incentive and re-financing. The companies’ good achievements have fully reflected the market positioning and characteristics of the ChiNext board.
In 2014, the ChiNext board reported aggregate revenue of RMB 343.146 billion, averagely RMB 815 million per company, up 27.03% against the last year; and aggregate net profit of RMB 39.353 billion, averagely RMB 93 million per company, up 22.71% against the last year. The growth rates for revenue and net profit reached the highest level in the last three years. Moreover, the net profit growth rate, for the first time in three years, got close to the revenue growth rate, realizing the synchronous increase in profit and revenue.
From the perspective of revenue growth, most companies realized year-on-year growth, and some are high-growth in revenue. In all the 421 companies, 359 companies’ revenue rose, among which 64 companies such as Irtouch, Shanghai Ganglian and Evercontaining Electric increased by more than 50% and 151 companies increased by more than 30%.
From the perspective of net profit growth, nearly 70% of the companies realized year-on-year growth, up 10% against 2013. In 2014, net profit of 157 companies increased by more than 30%, 103 companies increased by more than 50% and 60 companies such as East Money, Furui and HC Semitek increased by more than 100% .
In 2014, 97 companies on the ChiNext board made revenue of over RMB 1 billion, 10 companies made revenue of over RMB 3 billion, and 3 companies, including Shanghai Ganglian, Leshi Internet and Bluefocus, made revenue of over RMB 5 billion. The aggregate revenue reported by the top 50 companies was RMB 131.308 billion, accounting for 38.26% of the revenue made by the entire board. From the point of net profit, 8 companies in 2014 realized net profit of over RMB 500 million, 24 companies realized net profit of over RMB 300 million, and 130 companies realized net profit of over RMB 100 million. The aggregate net profit reported by the top 50 companies was RMB 17.311 billion, accounting for 43.99% of the net profit made by the entire board. Listed companies of considerable scale are emerging from the ChiNext board.
From the perspective of industry distribution, companies engaged in the industries of broadcasting, film and television, computer, communication equipment manufacturing, software and information technology services, commercial services, health, ecological protection, culture and education, etc. outperformed the average level in 2014. Among these industries, companies in the industries of computer, communication and other electronic equipment manufacturing performed outstandingly, reporting increases in operating income and net profit by 32.33% and 45.23% respectively; companies in the industries of broadcasting, film and television reported increases in operating income and net profit by 46.40% and 33.42% respectively; and companies in the industries of software and information technology services reported increases in operating income and net profit by 30.24% and 31.56% respectively.
From the perspective of strategic emerging industries, 305 out of 421 companies are engaged in strategic emerging industries, and their revenue and net profit increased by 31.29% and 24.29% respectively in 2014, outperforming the average level of the board. Among them, companies in the information technology industry of new generation reported increases in operating income and net profit by 48.67% and 43.01% respectively, followed by companies in the new energy industry who reported increases in operating income and net profit by 37.23% and 38.61% respectively.