Releases
1.1 Number of Issuances
At the end of the first half of 2024, a total of 573 companies on the STAR Market were listed and traded. In terms of the date of online IPOs, a total of 6 IPOs were successfully issued in the first half of the year, a year-on-year decrease of 85.7% from 42 in the first half of 2023. Among them, 2 were issued in the second quarter, down 50% from 4 in the first quarter.
1.2 Theme Industries
The six companies on the STAR Market issued in the first half of 2024 are mainly distributed in three Wind science and technology innovation theme industries, with four emerging software and new information technology service industries, and the other two from advanced non-ferrous metal materials and electronics core industries.
1.3 Listing Criteria
All six companies on the STAR Market issued in the first half of 2024 will be listed on Standard 1. That is, the net profit in the last two years is positive and the cumulative net profit is not less than RMB 50 million, or the net profit in the last year is positive and the operating income is not less than RMB 100 million, and the expected market value is not less than RMB 1 billion.
1.4 Regional distribution
Companies issued on the STAR Market in the first half of 2024 are concentrated in Shanghai, Sichuan, Shandong, Hubei and Guangdong.
1.5 Distribution of IPO financing amount
In the first half of 2024, the total IPO of companies on the Science and Technology Innovation Board raised 6.109 billion yuan, a year-on-year decrease of 93.1%. Among them, 3 IPOs raised more than 1 billion yuan, 1 raised between 5~1 billion yuan, and 2 raised within 500 million yuan.
1.6 IPO financing
In the first half of 2024, Dameng Data led the way with IPO financing of 1.652 billion yuan, Shanghai Hejing and Chengdu Huawei both raised 1.5 billion yuan, and Brite Co., Ltd., Zhongchuang Co., Ltd. and Ole New Materials Co., Ltd. raised less than 600 million yuan.
Market Sector
2.1 Changes in total market capitalization
At the end of the first half of 2024, the total market value of the Science and Technology Innovation Board was 5.12 trillion yuan, a decrease of 0.45 trillion yuan, or 8.04%, compared with the total market value of 5.56 trillion yuan at the end of the first quarter of 2024, lower than that of the ChiNext and the Beijing Stock Exchange.
2.250 Index Rise and Fall Comparison
In the first half of 2024, the performance of various market indices was mixed, with the SSE 50 constituent stocks being the most sought after by funds, with the index rising 2.95%. The STAR 50 Index fell 16.42%, better than the BSE 50 Index.
2.3 Comparison of turnover
In the first half of 2024, the total turnover of the Science and Technology Innovation Board will reach 6.37 trillion yuan, and the average turnover of a single stock will be 11.119 billion yuan. It is lower than the average trading volume of a single stock on the main board of the Shanghai Stock Exchange, the main board of the Shenzhen Stock Exchange and the ChiNext Board in the same period, reflecting the rationality of the small transaction volume of the Science and Technology Innovation Board due to the restrictions on trading thresholds.
2.4 Comparison of average daily turnover rate
In the first half of 2024, the average daily turnover rate of the STAR Market was 2.44%, which was higher than the average daily turnover rate of the main board of the Shanghai Stock Exchange in the same period, but lower than the 2.82% of the main board of the Shenzhen Stock Exchange, 4.83% of the ChiNext and 5.65% of the Beijing Stock Exchange.
2.5 P/E ratio comparison
At the end of the first half of 2024, the price-to-earnings ratio of the STAR Market was 72.42 times, higher than that of the main board of the Shanghai Stock Exchange, the main board of the Shenzhen Stock Exchange, the Beijing Stock Exchange and the ChiNext Board.
2.6 Price-to-book ratio comparison
At the end of the first half of 2024, the price-to-book ratio of the STAR Market was 2.77 times, higher than that of the ChiNext Board, the Beijing Stock Exchange and the main boards of Shanghai and Shenzhen.
2.7 Changes in margin balances
At the end of the first half of 2024, the financing balance of the Science and Technology Innovation Board was 90.666 billion yuan, a slight decrease of 3.628 billion yuan from the highest level of 94.294 billion yuan in the first half of the year.
At the end of the first half of 2024, the balance of securities lending and borrowing on the STAR Market was 4.786 billion yuan, a significant decrease of 14.859 billion yuan from the beginning of the year, and the sale of financial securities decreased rapidly in the first half of the year.
Market stocks
3.1 Market capitalization of individual stocks
At the end of the first half of 2024, SMIC, Haiguang Information, BeiGene-U and Kingsoft Office continued to be among the companies with a market value of 100 billion yuan.
3.2 Stocks gained
After excluding the huge volatility on the first day of listing, the stocks on the Science and Technology Innovation Board will rise less and fall more in the first half of 2024. Among them, Rice Information rose by 77.13% to rank first, and 18 companies such as Nuotai Biotechnology and Shengyi Electronics rose by more than 20%.
3.3 Financing balance of individual shares
At the end of the first half of 2024, SMIC's financing balance reached 3.252 billion yuan, ranking first, followed by Trina Solar, Haiguang Information, Cambrian-U and other 9 companies with financing balances of more than 1 billion yuan.
3.4 Balance of individual stock borrowing and lending
At the end of the first half of 2024, Haiguang Information's securities lending balance of 221 million yuan ranked first, and the balance of two securities lending companies, Huitai Medical and Siruipu, also exceeded 100 million yuan.
3.5 Northbound positions of individual stocks
At the end of the first half of 2024, northbound funds held 336 companies on the STAR Market. Among them, Roborock was the largest holding of 5.253 billion yuan, followed by 14 stocks such as Kingsoft Office, Montage Technology, and China Micro Corporation, with a market value of more than 1 billion yuan.
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