On September 27, A-shares continued to rise sharply, and the ChiNext index led the broad-based index. According to the data, the GEM index once rose above 1,900 points intraday, with a maximum increase of nearly 12% in the day, a record high.
GEM refers to historical performance //
From the perspective of historical performance, the GEM index has risen by more than 86% since the base date, showing the characteristics of higher elasticity and higher growth.
As of September 26, 2024, the price-to-earnings (TTM) ratio of the ChiNext index is 26.24 times and the price-to-book ratio is 3.35 times, both of which are at a relatively low historical level.
Statistics show that since the release of the ChiNext index, there have been 28 times (including today) that have risen by more than 5%. In the first 27 times, 12 closed up the next day, 3 closed flat the next day, and 12 closed down the next day.
GEM Performance //
In terms of performance, the overall operating income of the GEM has increased steadily in the past three years, but the growth rate has slowed down, with the largest year-on-year growth rate in 2021, reaching 23.22%. In 2023, the year-on-year growth rate of GEM revenue will slow down to 6.13%. In terms of net profit, the GEM has also slowed down in the past three years, with a year-on-year increase of 9.69% in net profit attributable to the parent company in 2022, while net profit in 2023 will decline by 12.21% year-on-year.
According to the 2024 semi-annual report, among the top GEM companies in terms of total market capitalization, CATL's net profit was 24.879 billion yuan, Mindray's medical net profit was 7.576 billion yuan, Oriental Fortune's net profit was 4.056 billion yuan, Zhongji Innolight's net profit was 2.407 billion yuan, and Arowana's net profit was 1.026 billion yuan, generally increasing over the same period last year.
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