Hua'an Fund: Is there any opportunity for investment in science and technology board?

Greater countries create the soul of manufacturing, and high -tech can strengthen the country. On June 13, 2019, bearing the mission of a strong science and technology country, the science and technology board officially opened. According to the data of the Shanghai Stock Exchange, since the third anniversary of the opening of the Science and Technology Board, a total of 428 listed companies have achieved financing listing, with a total amount of funds raised 758.8 billion yuan, and the total market value of listed companies has 5.1 trillion yuan, which has become my country's multi -level capital market. An important part of.

With the first pilot registration system of the science and technology board, with the help of smooth investment and financing channels, a group of "hard technology" enterprises with core technologies ushered in a period of rapid development, rapidly growing into the leader of science and technology segments, and driving related related related fields The market value of listed companies has gradually increased.

Su Qingyun, deputy director of the Huaan Fund Index and Quantitative Investment Department, believes that at present, with the continuous efforts of related re -production and re -production measures, domestic production and consumption have steadily recovered. The pressure on the market in the early stage has gradually eased, and market confidence is expected to continue to recover. As a representative sector for scientific and technological innovation, the science and technology board has played an important role in helping my country's economic rapid recovery, increasing employment opportunities, and improving my country's high -tech level. It is expected to return to the spotlight and deserves market attention.

Hua'an Fund Su Qingyun explained its views from the four aspects of science and technology innovation, related listed companies, overall valuation, and development prospects. It believes that the science and technology board market still has strong investment attributes, and the future growth space is quite objective.

First, the listed company of science and technology board has strong technological innovation capabilities. From the perspective of the R & D team, at the end of 2021, the Science and Technology Board has gathered a scientific research team with more than 140,000 people, with an average of more than 330 people per company, accounting for nearly 30 % of the company's total employees. From the perspective of R & D investment intensity, the total amount of R & D investment in science and technology board in 2021 reached 85.2 billion yuan, an increase of 29%year -on -year, and the average proportion of R & D investment accounted for 13%. In terms of scientific and technological output, the innovation results of science and technology board companies have continued to emerge, and the attributes of hardcore technology are outstanding. In 2021, the total number of invention patents has been added in 2021. On average, each company has 108 invention patents.

Second, the performance of science and technology board companies has remained high, and innovation and growth vitality has been obvious. In 2021, the science and Technology Board company realized operating income by 36.86%year -on -year, and the net profit attributable to the mother increased by 75.89%year -on -year. In the first quarter of 2022, operating income increased by 45.60%year -on -year, and net profit attributable to the mother increased by 62.42%year -on -year. With the orderly advancement of resumption of work and re -production, the operation of the science and technology board company is expected to continue to maintain steadily, reflecting the growth toughness and vitality of the "hard technology" with core technology.

Third, the overall valuation of the market has fallen, and the investment value of the science and technology board is prominent. Since 2021, affected by a variety of factors, the science and technology growth sector in the securities market has been under pressure, and the science and technology board has also experienced large adjustments. At present, the average price -earnings ratio of the science and technology board is 43 times, which is the minimum range of the price -earnings ratio level since the opening of the science and technology board. considering

In view of the future development space of the strategic emerging industry represented by the science and technology board, the continuous investment and results of scientific and technological innovation, and the excellent performance of science and technology boards under the complex and multi -changing situation, the investment value of the science and technology board is worthy of market attention.

Finally, from the perspective of development prospects, scientific and technological innovation will become an important engine of my country's economic development in the future. Hua'an Fund Su Qingyun said that the current economic development of my country is in the stage of shifting quality, that is, gradually switching from "high -speed development" to "high -quality development". At the technical level, the science and technology board focuses on strategic emerging industries such as new generation of information technology, new energy, new materials, new materials, biomedicine, high -end equipment, energy conservation and environmental protection. Driven by factors such as policies, talents, funds, and industrial development, these core technology industries The proportion in the economy has continued to increase and has broad development prospects. At the industry level, listed companies of science and technology boards are highly concentrated in high -tech industries and strategic emerging industries, and their role in serving national strategies and promoting high -quality economic development is increasingly prominent.

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