A-Share "100 Billion Club" Comes And Goes In A Hurry: There Are 9 In Each Of Beijing And Guangdong, Accounting For The Top 39, And The Stories Of The Losers Are Different

Compared with the bull market in 2015, many new faces have emerged in the "100 billion market value" club five years later.

According to the statistics of 21st century economic reporter, by the end of July 17, 2020, 112 A-share listed companies had a market value of more than 100 billion yuan, significantly exceeding the record of 99 companies at the bull market peak in 2015 (taking the highest point of the stock market on June 12, 2015 and the Shanghai index of 5178 as an example).

In the past five years, 54 A-share companies, including Hengrui pharmaceutical, Ningde times, Mindray medical, postal savings bank and Lixun precision, have emerged and become new entrants with a market value of 100 billion yuan.

For example, the market value of Lixun, which landed on the SME Board of Shenzhen Stock Exchange in 2010, soared from 47.7 billion yuan on June 12, 2015 to 369.5 billion yuan on July 16, 2020.

Some are happy, others are sad.

39 A-share companies, including Daqin Railway, Great Wall Motors, Shaanxi coal industry, Western securities, Wanda film, St Kangmei, * ST Xinwei and LETV, dropped out of the 100 billion list.

For example, the market value of * ST Xinwei has shrunk from 182.6 billion yuan at that time to 4 billion yuan; while LETV, which has only one trading day left and is about to be delisted, has a market value of only 600 million yuan, which is not the same as that of 132.3 billion yuan at Gaoguang time in 2015.

Will the expansion of "100 billion market value" listed companies bring about changes?

Who's on the list of 54 new entrants?

According to the statistics of 25 new journalists listed before December 2015, they were listed on the list on June 12, 2015.

From the listing board, 33 are main board companies, 8 are GEM companies, 8 are SME Board companies, and 5 are science and Technology Innovation Board Companies (smic-u, Jinshan office, medium and micro company, LanChi technology, Shanghai silicon industry-u).

In terms of regional distribution, there are 9 in Beijing, 9 in Guangdong, 8 in Shanghai, 6 in Shandong and 3 in Hunan, making it the top five.

From the perspective of market value distribution, Hengrui pharmaceutical is unique, with a total market value of more than 500 billion yuan; Ningde times and Mindray Medical Co., Ltd. have a market value of more than 400 billion yuan; six companies, including postal savings bank, Lixun precision, muyuan shares, China immune, China Securities construction investment and Beijing Shanghai high speed railway, have a market value of more than 300 billion yuan; industrial Fulian, Shunfeng holding, SMIC international, PICC and yaomingkant The market value of 6 companies, such as Zhifei biology and so on, is above 200 billion yuan, while that of Changchun hi tech, Zhonggong education, Wanhua chemical and Weiwei shares is between 100 billion yuan and 200 billion yuan.

In terms of plate distribution, the manufacturing industry of computer, communication and other electronic equipment ranked first with 12 companies, including SMIC international, which was listed on July 16 this year, Shanghai silicon industry, which was listed in April this year, and the technology "unicorn" industrial Fulian, which only took 36 days to flash off, with a market value of more than 100 billion yuan.

The pharmaceutical manufacturing industry that followed won 10 companies, including Hengrui medicine, Zhifei biology, Changchun hi tech, Yunnan Baiyao, Mindray medical, Kangtai biology, pianzai Huang, Ganli pharmaceutical, Aier ophthalmology and yaomingkant.

The financial industry is also not willing to lag behind, led by the postal savings bank. Nine stocks, including China CITIC construction investment, PICC, Bank of Ningbo and Guotai Junan, have a market value of over 100 billion yuan.

In addition, Luzhou Laojiao and Shanxi Fenjiu have become the "new expensive" liquor after Maotai and Wuliangye in Guizhou.

There are also two representative companies in information transmission, software and information technology services, namely Jinshan office and 3600; and three companies in transportation, warehousing and postal services, including Beijing Shanghai high speed railway, Shunfeng holding company and Shanghai airport.

It is worth mentioning that mango hypermedia has become the only cultural media stock in the 54 new 100 billion list.

In the field of vocational education, Zhonggong education has stepped into a "club" with a market value of 100 billion yuan through backdoor listing, and its market value has soared to nearly 200 billion yuan. It is listed as four education companies with market value of over 100 billion yuan, together with New Oriental, tal and who to learn from.

Mango, goer and Zhonggong

Since the capital market of mango has gone up by 40% since its inception on the 12th month, mango's stock price has been on the rise.

In June alone, 12 institutions, including CITIC Securities, Guoxin Securities and Tianfeng securities, gave mango supermarket a "buy" or "strongly recommended" rating.

It is worth mentioning that the current market value of mango hypermedia has surpassed iqiyi. As of July 16, the market value of iqiyi reached US $16.573 billion (equivalent to RMB 115.95 billion), while the market value of mango hypermedia reached 122.134 billion yuan.

Besides phenomenal variety shows, there are also performance expectations that drive market value growth.

On July 11, mango super media announced that it is expected to achieve a net profit of 1.04 billion yuan to - 1.14 billion yuan in the first half of 2020, with a year-on-year increase of 29.42% to 41.86%, close to its net profit of 1.16 billion yuan in 2019.

According to the relevant research report of Kaiyuan securities, under the neutral assumption, "sister Lang" will contribute more than 1 billion yuan to mango hypermedia, including 455 million yuan of sponsorship advertising and 552 million yuan of membership income.

It should be pointed out that mango hypermedia was born out of "Mango TV" of Hunan Radio and television. In 2018, Hunan Radio and television put mango TV, which has been established for four years, into happy buy, which is also under Hunan Radio and television's TV shopping business, and completed the backdoor listing.

From 2017 to 2019, the performance of mango super media has been growing steadily, reaching 715 million yuan, 866 million yuan and 1.16 billion yuan respectively. Can it ride the waves all the time?

On July 17, the industry insiders pointed out in an interview that, relying on Hunan Satellite TV's strong content resources, mango TV, on the one hand, is far less expensive than Tencent, iqiyi, Youku and other platforms in terms of content cost. On the other hand, it brings content operation income through copyright distribution, which makes it have an obvious cash channel besides advertising and members. However, whether mango hypermedia can continue to make efforts in the future depends on its content reserve.

Golfer shares, listed in May 2008, has become the first high-tech enterprise with a market value of more than 100 billion yuan in Shandong Province. Since this year, its share price has increased by more than 60%.

In the first half of 2020, it is estimated that the net profit of the company will increase by about RMB 50 million to RMB 70 million, mainly due to the increase in the net profit of the company in the first half of 2020.

According to the public information, the predecessor of gol shares was Weifang Yilida electroacoustic, which was established in 2001. It was renamed Goliath acoustics in 2006, and was listed on the small and medium board of Shenzhen Stock Exchange in May 2008.

Golfer is one of the leading enterprises in acoustics and consumer electronics in China. Standing in the Android camp, it is the largest manufacturer of Android high-end TWS earphones in China. It has the industry-leading manufacturing capacity and acoustic device material supply, and is also the "second supplier" of apple.

From 2015 to 2019, goer shares achieved revenue of 13.66 billion yuan, 19.29 billion yuan, 25.54 billion yuan, 23.75 billion yuan and 35.15 billion yuan respectively. In 2019, the revenue exceeded 30 billion yuan for the first time, with a year-on-year increase of 47.99%.

On July 17, Gaohe Investment Research Center pointed out to the 21st century economic reporter that the global TWS market size will be about 120 million units in 2019, 230 million units in 2020, and more than 600 million units in 2022. "As a consumer electronics leader, golfer has accumulated a large number of high-quality customer resources and established a long-term cooperative relationship. After the strategic transformation of "strategic layout + finished products", significant synergy effect will be achieved. The company has new business growth points in the strategic fields of virtual / augmented reality, intelligent wear, intelligent audio, artificial intelligence, etc., laying the foundation for long-term development. "

Compared with mango super media and gol shares, the road of Zhonggong education's 100 billion market value is somewhat bumpy.

In 2018, China Public Education Co., Ltd. backdoor Asia Xia auto was listed, and its market value exceeded 100 billion on September 24, 2019, becoming the first vocational education listed company with a market value of more than 100 billion.

From 2018 to 2019, the net profit of deducting non return to the parent is RMB 1.11 billion and RMB 1.8 billion respectively. In 2019, the revenue scale of public education is nearly 10 billion.

Although the share price of China public education has risen by more than 80% and the P / E ratio has reached 423, the first half of the year's performance has been dragged down.

From January to June 2020, the estimated loss of China public education is 200 million yuan to 300 million yuan, which is due to the impact of the new crown epidemic. In the first half of the year, the joint examination for civil servants in many provinces was postponed from the end of April to August 22. Compared with previous years, the related revenue was delayed by 4 months simultaneously, which made the business income recognized by the company in the first half year decreased compared with the same period last year.

On the subdivided track of vocational education, China public education focuses on the field of public examination recruitment, with a large scale of users. It is understood that the users of the public examination are mainly for college students, and this group will have 40 million in 2019.

Some interviewees pointed out that with the adjustment of the national public recruitment policy, the basic public examination education and training of secondary public education may be restricted, while the potential business of teacher recruitment and examination is facing the pressure that the growth curve has not yet arrived.

Hundreds of billion faces disappeared

Of course, there was once brilliant, turned into a lonely place.

On the evening of July 17, LETV announced that its shares had been terminated by the Shenzhen Stock Exchange.

As of July 17, it has been trading on the delisting finishing board for 29 trading days, with one remaining trading day. It is expected that the final trading date will be July 20. After delisting, its shares will not be re listed.

In sharp contrast, LETV was once the largest and largest company on the gem with a market value of 170 billion yuan.

St Kangmei, on the other hand, falsely increased a huge amount of operating income from 2016 to 2018, falsely increased monetary funds by forging and altering large amount of time deposit certificates, included engineering projects that did not meet the accounting recognition and measurement conditions into the statements, and falsely increased fixed assets. At the same time, the company had the problem of non operating capital occupation by its controlling shareholders and its related parties, which was voted by the market.

In terms of secondary market, since the exposure of St Kangmei's financial fraud case in May 2019, its share price has continuously dropped, with a total market value of only 12.9 billion yuan.

In addition, Oriental Securities, Founder Securities, Western securities and other three securities companies, particularly prominent.

In June 2015, Dongfang securities, with a market value of more than 200 billion yuan, now has a market value of no more than 72.5 billion yuan; Western securities, another securities firm, also withdrew from the "club" with a market value of 100 billion yuan that year, with the market value falling from 102.2 billion yuan to 33.9 billion yuan; the market value of Founder Securities has dropped from 123.9 billion yuan to less than 70 billion yuan.

In 2019, in addition to the continuous losses of its subsidiaries, Founder Securities also stepped on three stock pledge mines, with a total of 431 million yuan of impairment; the self operating business was due to the decline of profit due to the growth of self support expenditure, and the current risk exposure was 436 million yuan; the decline of asset management scale and the loss of self owned capital investment led to the decline of asset management income of the company.