80 % of the listed companies have no independent investor relationship departments, and public offering favors 10 billion to 50 billion market capitalization companies ｜ Express

Text/ Qiu Li

On July 29, China Securities SME Service Center released the "Annual Report of the Investor Relationship Work (2021)". It is reported that 170 analysts of 3328 listed companies, 114 public fund management agencies, 80 securities companies, 72,917 individual investors, and several private equity investment institutions representatives from Shanghai and Shenzhen were investigated.

The "Report" shows that more than 80 % of the listed companies have not set up independent IR (investor relationship) departments; the initiative of investor relationship management of listed companies is still insufficient; there is a deviation of communication methods, time and content with investors, affecting the effect of communication. Foreign investors have not paid attention to.

In addition, the "Report" pointed out that institutional investors and analysts pay attention to the "Matthew effect", and head companies have received more attention. The overall situation of listed companies' research on institutions has improved, and public offerings favors companies with a market value of 10 billion to 50 billion yuan. In 2021, the ratio of less than 10 research institutions was 45.25%, while in 2020, the ratio was 50.65%, a slight decrease; the proportion of more than 30 institutions was 31.64%, while 2020 was 24.07%, which was significantly improved; Among them, more than 100 listed companies investigated by institutions account for 10.97%, which is also higher than 6.85%in 2020.

From the perspective of the market value of listed companies investigated by public offerings, the size of the market value company is involved, of which "between 10 billion yuan and 50 billion yuan" and "between 50 billion and 10 billion yuan" are the highest. 97.24%and 94.48%. Only 8.28%of public offerings stated that companies with a market value of less than 10 billion yuan are used as the main investigative targets. This also coincides with the views of the capital market's "10 billion to 50 billion yuan market value is the core assets of the future" and "10 billion-50 billion yuan market value companies that can open up excess returns" and other views.

Edit: Yan Hui

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