Research Report on the Big Data Laboratory of the Chinese Academy of Sciences

Recently, the Key Laboratory of Big Data mining and knowledge management of the Chinese Academy of Sciences released the "Analysis Report of the Development Enterprise Development Enterprise Development Enterprise" of Specialized New "Little Giants", which uses the new special "little giant" enterprise to be listed as a research sample for multi -dimensional degrees for multi -dimensional levels Data analysis, summarize its development status and characteristics, and provide a reference for accelerating the listing process of special specialized "small giants" enterprises and promoting the development of small and medium -sized enterprises in my country.

At present, specialized new "little giants" enterprises are becoming a hot spot in the capital market. Of the 4762 national specialized "little giants" announced in the first three batches, 381 have successfully landed on the securities trading market. Practice has proved that through listing, specialized new "little giants" enterprises can not only broaden financing channels, but also promote the improvement of enterprises in terms of management level and goodwill value. Therefore, listing financing has become an important way for enterprises to become bigger and stronger. It is also a sign of the company's new development level.

The report pointed out that in order to promote the development of SMEs for "specialized specialty", the central and local governments have introduced a series of financial policies and related measures. The four major channels for small and medium -sized enterprises in my country are: government financial support, financial institution credit, first -level market equity financing, and securities trading market financing. The central and local governments integrate various financial institutions and social capital forces, build a multi -dimensional, multi -level financial support system, and promote multi -way funds to accelerate the influx of "specialized new". For example, at the government level, in January 2021, the Ministry of Finance and the Ministry of Industry and Information Technology jointly issued the "Notice on Supporting the High-quality Development of SMEs for Specialized Specialty" ", which proposed that from 2021-2025, the central government has arranged a total of 10 billion yuan award of more than 10 billion yuan or more. Make -up funds focus on the high -quality development of more than 1,000 national specialized "little giants" enterprises.

According to the report, in the markets of major exchanges, the science and technology board and the Bei Stock Exchange give full play to the functions of service technology innovation SMEs, and the "little giant" concentration is higher. In just three years, the science and technology board served 114 specialized new "little giants". The "little giant" concentration reached 26%, which was particularly dazzling. The Bei Stock Exchange, which has opened the market for less than a year, focuses on "specialized new". All listed companies have a special new "little giant" in the middle of the company. In the future, the potential is expected, and the Bei Stock Exchange will also become the main destination of the "specialized new" listing.

From the perspective of the distribution of its industries, nearly 8 components of the newly listed new "Little Giants" are located in the three industries of industry, information technology and materials, and nearly half of it belongs to the strategic emerging industry field. Data show that among the new "Little Giants" listed companies, a total of 188 people are in the field of strategic emerging industries. Among them, high -end equipment manufacturing, new generation of information technology industry, and new material industries account for the largest proportion. Strategic emerging industries are important decisive forces to lead the country's future development, which is essential for the formation of new competitive advantages in my country and realizing leapfrog development. Specialized new "Little Giant" listed companies have actively contributed to promoting the development of economic and social balance.

From the perspective of regional distribution, the distribution of the new "Little Giant" listed companies in China is obviously uneven. Specialized new "Little Giant" listed companies are distributed in 28 provinces, municipalities, and autonomous regions. The top ten provinces and cities are Jiangsu, Guangdong, Zhejiang, Shanghai, Anhui, Beijing, Shandong, Sichuan, Fujian, and Hunan. Among the top ten provinces, 7 provinces and cities are located on the southeast coast. East China has gathered the most specialized new "Little Giant" listed companies, a total of 184, accounting for 48%of the total; the number of small giants in South China, North China, and Central China accounts for 20%, 10%and 9%, respectively. ; Southwest, northeast, and northwest giant companies have a small number of small giants, totaling 13%. Specialized new "little giants" developed weak policies and solutions in weak regions to promote further development of small and medium -sized enterprises.

At the performance level of the capital market, according to the reporting data, compared with the average performance of A -share listed companies, the specialized new "little giant" listed companies present the characteristics of "three lows and two highs": market value, revenue, net profit, gross profit margin, gross profit margin, gross profit margin, , R & D investment high. The average market value, revenue, and net profit of listed companies in the specialized new "Little Giant" is 44.1%, 9.6%, and 13.5%of the average value of A -share listed companies, while the average gross profit margin and R & D expenses account for the revenue ratio. The average is 2 times and 4 times. Generally speaking, although the new "little giant" of the innovative SMEs is small, the technical strength and profitability cannot be underestimated.

In recent years, the state and localities have strongly supported the listing of special specialized enterprises. However, from the current data, 90 % of the new "Little Giants" have not yet been listed, and it is urgent to accelerate the cultivation of listing reserve forces, promote more specialized new "little giants" to land in the securities trading market, and open high -efficiency financing channels.

Therefore, the report recommends that "specialized new" SMEs open up the growth space while maintaining "specialization", focusing on the global market, striving to expand overseas market share, use the upper limit of revenue and profit growth with the help value. In addition to the development of globalization, "specialized specialty" enterprises must also comply with the development trend of digital integration, accelerate the pace of digital transformation, reduce production and operation costs through digitalization of industries, and improve the efficiency and innovation capabilities of research and development.

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