Competition Of New Capital Momentum Between Two Famous Cities In Central China: Wuhan'S Electronic And Communication Advantages Are Still In The Upward Cycle, And Zhengzhou'S Multiple Industries Have Gone Through The Registration System

Whose hub value is greater and who is the first city in Central China in the future?

There is no shortage of similar spats on social media platforms.

Although Wuhan is still a well deserved Central Center in the existing data, more and more people begin to pay attention to the kinetic energy trend of Zhengzhou.

If we take the number of IPO companies as a comparative indicator, the data is much more interesting.

This report is the third issue of the list of new driving forces behind IPO of the top 100 cities by the 21st Century Capital Research Institute, focusing on Wuhan, the "Jiangcheng" city, and Zhengzhou, the "commercial capital".

The two cities have their own advantages in stock

Wuhan and Zhengzhou are both famous historical and cultural cities in Central China. One is located in the core city of the Yangtze River economic belt, and the other is an important birthplace of Chinese civilization in the lower reaches of the Yellow River.

On many occasions, the two cities are more vigorous in all aspects.

The 21st Century Capital Research Institute found that Wuhan has obvious advantages both in terms of urban GDP and the number of listed enterprises. In 2019, the GDP of Zhengzhou is 1158.97 billion yuan, while that of Wuhan is 1622.321 billion yuan. At the same time, the number of Listed Companies in Wuhan is more than twice that of Zhengzhou.

Wuhan, known as the link of nine provinces, has rivers, lakes and ports in the city. This unique geographical advantage also makes Wuhan the leader of the central cities.

In terms of industry, Wuhan has changed from the old engines (WISCO, textile and tobacco) to new kinetic energy (Optoelectronics, automobile and petrochemical). Among them, Wu Jiashan attracted BOE in the original display industry, Huaxing optoelectronics group and Tianma Group invested in Optical Valley to build the latest display panel production line; in the field of chip manufacturing, the national memory base with a total investment of nearly 200 billion yuan has also settled in optical valley.

As the hinterland of the Central Plains, Zhengzhou is also an important hub city of railway, aviation, power, post and telecommunications. At the same time, Zhengzhou airport port is the only National Airport Economic Comprehensive Experimental Zone in China, and the first commodity futures exchange, Zhengzhou commercial exchange, is also located here.

Relying on its abundant resources and conditions, Zhengzhou has attracted many well-known domestic enterprises such as Foxconn, Alibaba and Jingdong, as well as international well-known enterprises such as Microsoft and Luxemburg cargo airlines to invest and build factories. The consumer electronics, clothing, automobile, logistics, food, medical and other industries have reached a considerable scale.

Listed company is one of the business cards of a city.

Although Zhengzhou and Wuhan have their own characteristics and advantages in industrial structure, Wuhan is far ahead in the A-share market. Up to now, there are 62 listed companies in Wuhan A-share market, while Zhengzhou has only 30, less than half of Wuhan's.

Wuhan electronic and communication circuit is difficult to surpass

Research by the 21st Century Capital Research Institute shows that the total market value of 62 listed companies in Wuhan is 833.789 billion yuan, covering 17 industries, such as communications, electronics, medicine and biology, media, machinery and equipment, national defense and military industry, and food.

Communications, electronics, pharmaceutical and biological industries had the largest number of listed companies, with 8, 7 and 7 listed companies respectively. As of August 28, the total market value was 98.233 billion yuan, 138.805 billion yuan and 114.375 billion yuan respectively.

In these industries, many high-quality representative enterprises have emerged. For example, in the field of electronic information, Golder infrared is undoubtedly one of the benchmark enterprises.

As a professional manufacturer of infrared thermal imager, Golder infrared ranks the fourth in the world among the temperature measuring infrared thermal imagers, and is the only Chinese enterprise to enter the top five in the world. During the epidemic period, the infrared thermometer of Golder infrared made great efforts in the process of "anti epidemic" in Wuhan.

As a well-known new blue chip enterprise in A-share market, Golder infrared is also sought after by many investors.

As of the evening of August 28, the total market value of Gaode infrared totaled 62.241 billion yuan, with a cumulative increase of 217.94% in 2020. In the latest exposure of star fund position semi annual report, Liu Gesong's Guangfa Small Cap Growth Mixed holding 3.21% shares of Golder infrared, which is the second heavy position stock of the fund.

On August 26, Gaode infrared also released a bright half year report for 2020. According to the semi annual report, the company realized 1.176 billion yuan of operating revenue, an increase of 76.50% over the same period of last year, and realized 518 million yuan of net profit belonging to the owner of the parent company, an increase of 246.70% over the same period of last year.

Relying on the University background of Huagong science and technology, and relying on the background of state-owned enterprises, Ruike laser has made great contributions to the development of Wuhan laser industry.

In terms of communication industry, Wuhan also has high-quality enterprises such as Fiberhome communications, Changfei optical fiber, and Guangxun technology. In the financial field, two major securities companies, Changjiang Securities and Tianfeng securities, are also located here, which has improved the financial industrial structure of Wuhan; pharmaceutical industry, Renfu pharmaceutical, Jiuzhoutong and other enterprises have played an important role in the "anti epidemic war" in Wuhan; in the field of business and supermarket, there are jingzhijia, Hubei Wushang a, Zhongbai The group has promoted the business prosperity of Wuhan

"Wuhan's high and new technology should be said to be more eye-catching, relatively good, including optoelectronic fiber optic cable, biomedicine, artificial intelligence, and of course, the new products of investment capital chain strategy just exposed. Of course, Wuhan's high-tech development zone also has a lot of Silicon Valley returnees and foreign-funded projects. It should be said that Wuhan has its own characteristics in high-tech In recent years, the development has been relatively good. " Dong Dengxin, director of the Institute of Finance and securities of Wuhan University of science and technology, said in an interview.

Zhengzhou big data: low stock market value and few hot spots

In contrast, 30 listed companies in Zhengzhou still have a small number of short boards with a total market value of 307.197 billion yuan.

According to the 21st Century Capital Research Institute, the average market value of A-share enterprises in Zhengzhou is about 10.24 billion yuan. Only two enterprises have a total market value of more than 30 billion yuan. The total market value of 24 enterprises is less than 10 billion yuan, accounting for 80% of the total market value.

"The number of Listed Companies in Zhengzhou is less, mainly in traditional industries and less in emerging industries. Foxconn's plant in Zhengzhou may lead to the rise of some supporting enterprises. In addition, with a large population in Henan, some consumer enterprises may appear on the market in Zhengzhou, and consumption and technology are undoubtedly the two major directions in the future. I think that more listed companies will appear in Zhengzhou in the future. " Yang Delong, chief economist of Qianhai open source fund, said.

From the perspective of industry distribution, the types of Listed Companies in Zhengzhou are not as rich as those in Wuhan. The total of 30 enterprises come from 13 Shenyi level industries. Although there are 5 and 7 enterprises in computer, mechanical equipment and other enterprises, which are ahead of other industries, emerging industries do not occupy obvious advantages compared with traditional industries, such as mining, non-ferrous construction, transportation and public utilities There are more than 10 traditional enterprises such as automobiles.

Although Zhengzhou City has set up the first commodity futures exchange, Zheng Shang exchange. At present, there is a listed bank and a listed securities company in Zhengzhou, namely, Bank of Zhengzhou and Zhongyuan securities. The total market value of the bank as of August 28 was 21.121 billion yuan and 21.709 billion yuan respectively.

At present, Antu bio has the highest market value in Zhengzhou. As of August 28, the total market value of Antu bio exceeded 70.619 billion yuan, becoming a bright spot in the biomedical industry of Zhengzhou.

According to the public data, Antu bio is mainly engaged in the R & D, production and sales of in vitro diagnostic reagents and instruments, forming a pattern of featured development of immunodiagnosis products and microbial detection products. Since this year, Antu bio's stock price has risen 72.12%.

However, affected by the epidemic situation, the number of hospital diagnosis and treatment decreased, and the income of Antu biochemical luminescence declined.

On August 28, Antu bio released the semi annual report for 2020. The data showed that in the first half of the year, Antu bio's business income was 1.206 billion yuan, an increase of 2.24% over the same period of last year; the net profit attributable to shareholders of listed company was 274 million yuan, down 14.45% compared with the same period of last year; after deducting non recurring losses, the net profit attributable to shareholders of listed company was 235 million yuan, down 23.68% compared with the same period of last year.

In addition, Yutong Bus is also a representative of high-quality listed companies growing up in Zhengzhou. However, affected by the new crown pneumonia epidemic, the operation of Yutong Bus has also declined significantly.

In the first half of 2020, Yutong Bus and bus company achieved a total of 14898 passenger car sales, a year-on-year decrease of 41.41%; the operating income of 7.611 billion yuan, a year-on-year decrease of 39.17%; the net profit attributable to the shareholders of the listed company was 63018900 yuan, a year-on-year decrease of 90.78%.

However, from the perspective of market share, Yutong Bus is still in the leading position in the industry.

According to relevant statistical information, in the first half of 2020, Yutong Bus, Futian auto, Zhongtong bus, Jinlong bus and Haige bus are the top 5 enterprises with the sales volume of 14688, 10894, 5906, 3271 and 2912 respectively. Among them, Yutong Bus shares 25.11%, ranking first.

Zhengzhou focuses on registered track

Compared with the stock capital market, Zhengzhou and Wuhan are obviously not in the same order of magnitude, which is also related to their different resource endowment and status structure.

"Hubei is the largest city, and Wuhan occupies a very important position in Hubei. For example, Wuhan's GDP accounts for 37% of the province, which is relatively high in the whole country. However, Henan is more prosperous, for example, Luoyang in Henan has developed tourism, and other prefecture level cities such as Kaifeng are very distinctive. In contrast, Henan's regional economy is more balanced. In Hubei, high-tech is mainly concentrated in Wuhan, and other prefecture level cities are relatively weak. " Dong Dengxin said.

Yang Delong also added that Wuhan Science and technology enterprises also benefit from the rich resources of universities in Wuhan and the transportation of more human resources, so they have certain resource advantages in the development of science and technology.

However, from the perspective of IPO reserve enterprises, Zhengzhou began to show a catch-up situation.

On August 24, the gem reform and the pilot registration system were officially implemented. The birth of the former sci tech Innovation Board also stimulated a number of enterprises' enthusiasm for listing, which brought new changes to the current regional pattern of the capital market.

According to the statistics of 21st century economic report, at present, five enterprises in Zhengzhou are queuing up for IPO, including three applying for listing under the registration system of the gem, one on the science and technology innovation board, and one on the small and medium-sized board. The types of enterprises are diversified, spanning agriculture, manufacturing and service industries.

They are Xu Hui design from special technical service industry, Zhengzhou Suda industry in metal products industry, Baichuan Changyin in environmental protection industry, qiule seed industry in agricultural enterprise and Qianwei central kitchen in food manufacturing enterprise.

However, there are only three enterprises in Wuhan, all of which are listed on the science and technology innovation board, including the automobile manufacturing enterprise LingDian automobile, the computer enterprise Sifang optoelectronics and the software service enterprise chuanshenyu network.

Medium and long term variables, "thousand enterprises expand their wings" remains to be seen

Whether this phenomenon can change the pattern of listed enterprises in Zhengzhou and Wuhan is still a controversial topic.

"There is no comparability in the number of Listed Companies in the short term." According to Dong Dengxin.

According to its logic, if several companies are declaring, on the one hand, it has certain seasonality; on the other hand, it has a lag effect like the epidemic situation. Therefore, the comparison with the declaration can not show any problems. It is only a temporary and short-term seasonal index, which can not be used as the basis for comparison.

However, some people in the industry believe that with the gradual development of Zhengzhou's new kinetic energy industry, the number of listed enterprises will take shape.

In recent years, in order to seize the opportunity of the registration system, Zhengzhou City has also issued relevant policies to encourage innovative and entrepreneurial enterprises to connect with the capital market. In October 2019, the Zhengzhou municipal government also launched a number of policies for the "thousand enterprises to expand their wings" action plan, saying that "by 2023, the total number of listed enterprises in Zhengzhou will break through 2000, the new capital market financing will exceed 300 billion yuan, and the listed companies will move into the capital market Zheng He's reward for completing the industrial and commercial registration and tax registration changes is 2 million yuan, and the maximum reward is 10 million yuan. "

"Now in terms of IPO reserve enterprises, Zhengzhou's catch-up situation is relatively obvious. Henan and Central Plains have indeed adopted some national support policies. In terms of scientific and technological innovation, some enterprises have risen. Therefore, the number of Listed Companies in Zhengzhou will increase in the future. " Yang Delong said.