Science And Technology Innovation Board Institutional Shareholding Roadmap: Big Companies In The Head Are Popular With Public Offering

As of April 6, 93 out of 254 companies on the science and technology innovation board have disclosed their annual reports, and the details of institutional positions and the path of position adjustment have emerged.

The 21st century economic report found that in the fourth quarter of 2020, the leading stocks in the computer and electronic industries were increased by institutional investors, but the stable investors in QFII and social security markets were keenly aware of the market changes, retreated from star stocks and resolutely switched to cyclical stocks such as chemical industry.

In addition, in terms of the private placement trend of ten billion stars such as Zhuque and Jinglin, leading enterprises in many industries such as medicine, environmental protection, photovoltaic and so on have been greatly increased in the fourth quarter of 2020. In some individual stocks, there is even a grand scene of multiple products under a single private placement.

On the whole, the enthusiasm of the institutions to allocate the stocks of the science and technology innovation board is still high, and some of the A shares are scarce and become the key holding objects of the institutions.

Public offering is hot for big companies

On the whole, the enthusiasm of the institutions to allocate the stocks of the science and technology innovation board is still high, and some of the A shares are scarce and become the key holding objects of the institutions.

By the end of 2020, 215 of 254 companies had institutional holdings, according to wind data.

In terms of the proportion of institutional shareholding in the circulating shares of the company, there are 17 companies with more than 50% of the total. Among them, the institutional shares of 5 companies, including Western superconductor, Jinshan office, Xinmai medical, tiannai technology and Haier biology, account for more than 70% of the circulating shares.

In terms of institutional shareholding market value, four companies have an institutional shareholding market value of more than 10 billion yuan, and Jinshan office, medium and micro company, Western superconductor and SMIC international are in the forefront.

And in the fourth quarter of 2020, the shareholding changes. Wind data shows that, excluding the companies listed on the science and technology innovation board in the fourth quarter of 2020, a total of 111 companies have gained institutional positions, 73 companies have reduced their positions, and 32 companies have not changed their positions.

On the whole, performance certainty and target scarcity are the main considerations for many institutions to increase their positions. The stocks that have been shortlisted in the science and technology innovation board 50 index have gained the attention of the institutions. In particular, the issuance of several ETF50 index funds has brought capital increment to these stocks.

Taking the main public offering funds of the institutions as an example, China General Communications Corporation, SMIC international, LanChi technology, Jinchen shares and Western superconductor ranked first in the scale of public offering and increasing positions in the fourth quarter of 2020. Among them, the overall increased holdings of China general and SMIC in the current period exceeded 100 million shares.

In the fourth quarter of 2020, China General Stock Co., Ltd. gained nearly 200 million shares from public funds as a whole. From the perspective of details, it mainly benefited from being shortlisted in the science and technology innovation board 50 index, so it obtained a large number of increased holdings of several public fund index funds. According to the annual report of China Communications Corporation in 2020, the company overcame the impact of the new crown epidemic and achieved steady growth in both revenue and net profit.

In 2020, SMIC experienced a big reversal of performance, achieving a net profit of 4.3 billion yuan, and "picking up u" at one stroke. In view of the good performance and its irreplaceable in the industrial chain, SMIC gained a large number of institutional overweight in the fourth quarter. In the current period, the public offering funds increased their holdings by more than 100 million shares. It is worth noting that CAI Songsong, the manager of online Red fund with controversial investment style, together with his management of noan growth, held 55.72 million shares of SMIC at the end of last year, becoming its largest circulating shareholder. The number of shares is more than double that of the second place Galaxy innovation growth. The galaxy innovation and growth fund has also been controversial due to its heavy position in semiconductors. SMIC's share price has been volatile since this year, and the latest closing price has dropped by nearly 20% compared with the high since the fourth quarter of last year.

In addition to public funds, the National IC industry fund, GIC private limited, China Insurance Investment Fund (limited partnership) and China state-owned enterprise restructuring fund have all become the top ten shareholders of the company.

Some epidemic benefit shares were also focused on. During the epidemic period, the penetration of online office accelerated. Jinshan office was also among many institutions, such as public funds, QFII, social security fund, etc., which ranked first in the number of shares increased and market value increased.

The performance of Jinshan office in 2020 is also very bright. Last year, the company's operating revenue was 2.261 billion yuan, up 43.14% year-on-year; the net profit was 878 million yuan, with a year-on-year increase of 119.22%.

"The main enterprises listed on the science and technology innovation board are the computer and electronic industries. Of course, from another point of view, the computer and electronic industry is indeed the main direction of market pursuit, because these are high-end manufacturing industries, and belong to the hard technology field with technical barriers. " Pan Helin, executive director and professor of Digital Economy Research Institute of Central South University of Finance and law, said in an interview.

Social security and QFII focus on medical treatment

Compared with the style of public funds investing in growth oriented technology stocks, the investment ideas of social security and QFII, which are well known for their robust style, have been adjusted in the fourth quarter of last year, focusing on biomedical, chemical and technology companies. Among them, Huaxi biology, the leader of hyaluronic acid, has been intensively increased by many QFII and social security funds.

By the end of 2020, QFII had appeared in the list of the top ten circulating shareholders of 17 sci tech Innovation Board shares, with a total of 26.4193 million shares. In the fourth quarter of last year, QFII became the top 10 circulating shareholders of 14 companies, including Anji technology, Yunyong technology, earth bear, Jinhong gas, Xianhui technology and Junshi bio-u.

Compared with the situation of QFII's holding shares in kechuangboard in the third quarter of 2020, it is found that Haier biology, Huaxi biology, Xinmai medical and other star pharmaceutical stocks are still favored by QFII. Huaxi bio chemical Co., Ltd. holds the largest proportion and the largest number of shares held by QFII, accounting for nearly 10% of the circulating shares and holding more than 9 million shares. Among the top 10 shareholders, 3 QFII are concentrated. Trina Solar Energy and Haier biological holdings catch up closely.

In terms of performance, among the stocks held by QFII, the net profits of Anji technology and Haier biology have doubled year-on-year. In terms of market performance, Haier biological has increased by more than 30% since this year, with the best performance. Xinmai medical and Huaxi biological Co., Ltd. have increased by more than 10%.

By the end of 2020, the social security fund has appeared in the list of the top ten circulating shareholders of 10 science and technology innovation board shares, with a total of more than 16 million shares. The data of 10 companies contracted significantly compared with the 26 companies at the end of the third quarter of 2020. The highest proportion of social security fund is Jiankai technology, which holds 4.55% of the circulating shares, followed by Huaxi biology, which holds 4.19% of the total shares. In terms of the number of shares held, the largest number of shares held by the social security fund is western superconductor, with a total of 6.825 million shares. Western superconductor and Jiankai technology belong to the chemical raw materials and chemical products manufacturing industry in the distribution of CSRC industry.

In this regard, panhelin said, "QFII and social security focus on long-term investment, and follow the valuation principle and cycle law. Benefited from the global epidemic, economic recovery, and the situation of extreme easing in Europe and the United States, a commodity bull market emerged, which led to cyclical stock investment opportunities. I think QFII and social security also see the characteristics of the economic cycle. "

Zhuque group attack star stocks

Market olfactory star private-equity tycoons on the scientific and technological innovation board company's position, also attracted the attention of market investors.

According to the annual reports disclosed by A-share companies, by the end of 2020, the domestic 10 billion level private placement has increased the positions of several science and technology innovation board stocks.

According to the company's annual report, since September 2019, Haier biology has obtained 7.8924 million shares of new circulating shares from Beijing Panfeng investment management partnership (limited partnership) - Panfeng value private equity investment fund. By the end of 2020, it has not increased or reduced its holdings, with a shareholding ratio of 4.36%. At the end of 2020, the company has a market value of 515 million yuan, and is the fourth largest circulating shareholder of Haier biology.

Jindalai, another science and technology innovation board company in the environmental protection industry, was targeted by private equity giant Zhu que, and a large amount of new circulation shares were acquired in the fourth quarter of last year.

Specifically speaking, among the top ten tradable shareholders of Jindalai, Zhuque occupies eight seats, accounting for 24.17% of the total tradable shares, and the stock market value at the end of the year was 508 million yuan. Among the 8 seats of Zhuque, the first one is "Zhuque Fund - Shaanxi coal industry - Shaanxi coal Zhuque new economic industry single asset management plan", which is a private asset management account customized by Shaanxi coal to Zhuque, holding 6.1196 million shares. In addition to "own people" group, but also brought customers, this scene is very rare.

Jindalai is an innovative comprehensive service provider of water environment treatment in China. It has been focusing on solving the pain and difficulty of domestic sewage and industrial wastewater treatment for a long time. It was once a listed company on the new third board and officially landed on the scientific and technological innovation board in November last year. In 2020, the company realized 971 million yuan of operating revenue, a year-on-year increase of 24.81%, and a net profit of 387 million yuan, a year-on-year increase of 50.09%.

At the same time, Zhuque also entered a large number of Shengxiang biological circulation stocks. Among the top ten tradable shareholders of Shengxiang bio, Zhuque has four seats, accounting for 5.69% of the total tradable shares, with a market value of 216 million yuan.

Recently, ten billion level old private equity Jinglin assets in Shanghai increased the position of Trina Solar in the fourth quarter of 2020. By the end of the period, the proportion of shares held by Jinglin assets in the circulating shares increased to 2.68%, becoming the second largest circulating shareholder of Trina Solar, with the stock market value of 187 million yuan by the end of 2020.