What is the quality of the "science and technology innovation" of the 24 cities with a GDP of trillions? On June 13, 2022, the science and technology innovation board will celebrate its third anniversary. According to the official website of the Shanghai Stock Exchange, there are

24 What is the quality of the "science and technology innovation" of a city with a trillion GDP? The data of Science and Technology Innovation Board and in the three years since its launch gives the answer.

On June 13, 2022, the Science and Technology Innovation Board celebrated its third anniversary. The official website of Shanghai Stock Exchange shows that there are currently 428 listed companies on the Science and Technology Innovation Board, with a total market value of 5.11 trillion yuan.

Among the 428 companies listed on the Science and Technology Innovation Board, 175 will have a year-on-year growth rate of more than 40% in operating income in 2021; 149 will have a year-on-year growth rate of net profit attributable to shareholders of more than 40% in 2021. Such results far exceed those of the A-share mainboard.

From a city perspective, Shanghai, Beijing, Suzhou have the number of companies listed on the Science and Technology Innovation Board, ranking among the top three among all cities. These three places have also become highlands where the country’s scientific and technological innovation strength is gathered. Hangzhou, Guangzhou, Chengdu, Hefei and Xi'an rank among the top five provincial capital cities.

Data source: Local Bureau of Statistics

Among the 24 cities with a trillion GDP, Chongqing’s Science and Technology Innovation Board companies have just achieved “zero breakthrough” recently. Zhengzhou, Quanzhou, Dongguan have not yet been listed on the Science and Technology Innovation Board. company.

Almost all companies that can be listed on the Science and Technology Innovation Board are hard-core technology companies. For example, the listing requirements on the Science and Technology Innovation Board stipulate that the company's cumulative R&D investment in the past three years should account for no less than 15% of its operating income. Many industry analysts believe that the Science and Technology Innovation Board truly brings together the most powerful companies in science and technology innovation in China and is an important force in realizing industrial upgrading in various regions and even the country.

"Hang Zero" and Zero's Breakthrough

html On June 6, Chongqing welcomed the first company listed on the Science and Technology Innovation Board - Chongqing Shanwaishan Blood Purification Technology Co., Ltd. (hereinafter referred to as Shanwaishan).

It is understood that Shanwaishan is a company specializing in the production and sales of blood purification equipment and consumables. Over the past 20 years, Shanwaishan has gradually broken the monopoly of imported blood purification equipment in my country and significantly reduced the cost of dialysis treatment for uremic patients. But the road to Shanwaishan Science and Technology Innovation Board is not smooth.

In August 2016, Shanwaishan listed on the New Third Board, and was later selected into the list of key cultivation enterprises to be listed in Chongqing in 2017. In October 2018, Shanwaishan was delisted from the New Third Board and switched to the Science and Technology Innovation Board. In November 2021, Shanghai Stock Exchange accepted applications for Shanwaishan Science and Technology Innovation Board.

In any case, Chongqing, which ranks fifth among cities in the country in terms of GDP, has finally welcomed its first company listed on the Science and Technology Innovation Board. Chongqing’s neighbor Chengdu currently has 14 companies listed on the Science and Technology Innovation Board.

"Compared with Chengdu, Chongqing, as a municipality directly under the Central Government, has a small hinterland and cannot mobilize the power of a province. In addition, Chongqing's industrial structure is more traditional." Fu Lichun, an economist and founding partner of Yuntai Capital, analyzed.

However, Chongqing, which noticed the problem, began to speed up the layout. In February 2021, Chongqing issued the "Implementation Opinions on Further Improving the Quality of Listed Companies " and introduced 16 policies to cultivate reserve resources and support the listing of companies.

After several rounds of policies, the reserve force has indeed improved. The "Disclosure Form for Enterprise Counseling and Filing Information in Chongqing Areas" disclosed by the Chongqing Securities Regulatory Bureau in 2021 shows that there are about 30 companies that are "in the counseling period" or "the counseling acceptance has been completed." Compared with Chongqing,

has achieved zero breakthrough. Among cities with a trillion GDP, Zhengzhou, Quanzhou, and Dongguan have no companies listed on the Science and Technology Innovation Board. Among these three cities, Zhengzhou, the provincial capital, has attracted particular attention.

In 2021, Zhengzhou’s GDP will be approximately 1.26 trillion, and its permanent population will reach 12.74 million, while the companies listed on the Science and Technology Innovation Board have been “zero”.

Zhengzhou is not in a hurry or cares. In December 2021, relevant policies issued by Zhengzhou specifically mentioned that if companies within the jurisdiction can be listed on the Science and Technology Innovation Board, they will receive a reward of 10 million yuan.

Now, half a year has passed since the introduction of heavy bonuses, and the number of companies listed on the Zhengzhou Science and Technology Innovation Board is still zero.

"What is significantly different from companies listed on the main board is that companies on the Science and Technology Innovation Board rely more on local science and education resources. Places with rich resources in higher education and scientific research institutes will undoubtedly have an advantage." Fu Lichun told China News Weekly .

Xi'an, which is a northern provincial capital city like Zhengzhou, has a total GDP slightly lower than Zhengzhou in 2021. But currently, Xi'an already has 9 companies listed on the Science and Technology Innovation Board, many of which rely on local high-quality scientific and educational resources.

For example, on March 7 this year, Shaanxi Huaqin Technology Industrial Co., Ltd. was officially listed for trading on the Science and Technology Innovation Board, becoming the second achievement transformation enterprise of Northwestern Polytechnical University to be listed on the Science and Technology Innovation Board.

Compared with Xi'an, which has many double-first-class universities, Zhengzhou is obviously slightly inferior.

The industrial structure has become another major factor affecting the number of companies on the Science and Technology Innovation Board.

In 2021, Quanzhou's GDP will be 1.13 trillion yuan, a year-on-year increase of 8.1%, but the three leading industries are textiles, shoes and clothing, petrochemicals, and building materials and home furnishings, and the economic focus is more concentrated in counties. Take Jinjiang , the “big boss” of Quanzhou economy, as an example. Many well-known brands such as Anta and Xtep were born. However, its industrial structure is in line with the rigid condition of “R&D accounting for 15% of revenue” required by the Science and Technology Innovation Board. Far from it.

Currently, 428 companies on the Science and Technology Innovation Board belong to 24 industries. The top three industries are computer communications and other electronic equipment manufacturing, special equipment manufacturing, software and information technology services, including 85, 78, 62 companies. This means that these top three industries have given birth to more than half of the companies listed on the Science and Technology Innovation Board.

Cities with these three major industries often become winners.

invisible dark horse

Among all the cities with companies listed on the Science and Technology Innovation Board, Shanghai and Beijing have 65 and 56 companies listed on the Science and Technology Innovation Board respectively, and unsurprisingly they are the top two on the list.

However, the city with the third largest number of companies on the Science and Technology Innovation Board is neither the first-tier cities of Shenzhen and Guangzhou, nor some strong provincial capital cities or sub-provincial cities, but Suzhou, which is known as the "strongest prefecture-level city".

Suzhou Industrial Park Picture/Tu Chong Creative

Currently, Suzhou ranks third among cities in the country with 38 companies listed on the Science and Technology Innovation Board.

Suzhou’s Science and Technology Innovation Board companies have very distinctive characteristics.

html On June 13, the Science and Technology Innovation Board IPO of Suzhou Kaiwit Semiconductor Co., Ltd. (hereinafter referred to as Kaiwit), a company that has recently passed the meeting in Suzhou, was accepted. According to

information, Kaiwit was founded in 2015 and focuses on the design, R&D and sales of intelligent power semiconductor devices and power integrated chips. It is a national high-tech enterprise , Jiangsu Province’s “Technology Little Giant Enterprise”, and “Jiangsu Province Potential unicorn enterprise ".

Kaiweite is growing very fast. Relevant reports show that Kaiwit achieved a total operating income of 210 million yuan in 2021, an increase of 59.29% from 132 million in 2020; the net profit was 43.5617 million yuan, successfully turning a loss year-on-year. An analysis by

pointed out that the reason why Suzhou has so many listed companies on the Science and Technology Innovation Board is inseparable from its focus on cultivating the semiconductor industry.

In the first quarter of this year, three of the four newly listed companies in Suzhou - Guoxin Technology , Dongwei Semiconductor, and Chuangyao Technology are all from the semiconductor industry.

As early as the beginning of this century, Suzhou showed its emphasis on the semiconductor industry. Over the years, Suzhou has continuously promoted industry development through policies and gathered industrial resources.

At present, Suzhou has also formed a relatively complete semiconductor industry chain, such as Serip, a design company with a market value of 40 billion yuan. In addition, Huatian Technology and Tongfu Microelectronics , among the three domestic packaging and testing giants, both have important production bases in Suzhou.

In March 2021, Suzhou also issued "Several Measures for Suzhou to Promote the High-Quality Development of the Integrated Circuit Industry", proposing to provide support based on corporate R&D investment, focusing on supporting third-generation semiconductors and other fields, and encouraging the transformation of corporate results.

Among cities with a trillion GDP, another dark horse is Hefei.

In 2021, Hefei's GDP reached 1.14 trillion, ranking 19th among all cities in the country, while the number of companies listed on the Science and Technology Innovation Board was 14, ranking 7th among cities in the country.

html On June 6, Hefei’s latest listed company, Jingsong Intelligent, just successfully listed on the Science and Technology Innovation Board. Eight days later, Hefei Jinghe Integrated Circuit Co., Ltd., which is engaged in the 12-inch wafer foundry business, was approved by the China Securities Regulatory Commission to be listed on the Science and Technology Innovation Board. registration application.

Not only that, Hefei also has 5 companies waiting to be launched, 10 companies waiting to be listed on the market, and 30 companies for guidance and filing, so the reserve force for listing is relatively sufficient.

"Hefei has invested a lot of money in supporting technological innovation, especially in emerging industries such as chips, semiconductors, and new energy, and has achieved good results so far." Chief Economist of Qianhai Open Source Fund Yang Delong told China News Weekly.

Recently, the "Hefei City Specialized, Special and New Small and Medium-sized Enterprises Multiplication and Cultivation Action Plan" was released, proposing that by 2025, 1,500 city specialized, special and new small and medium-sized enterprises, 900 provincial specialized, special and new small and medium-sized enterprises, and manufacturing industries will be cultivated. There were 20 individual champions, and 50 specialized, new, small and medium-sized enterprises were promoted to the market.

The competition will become more intense in the future.

In the urban competition landscape, industrial upgrading has become the intrinsic need for major cities with a GDP of one trillion yuan to achieve high-quality development , and cultivating scientific and technological enterprises has become the key to this competition.

How should each city give full play to its talents in this round of competition?

Co-founder of Xiezong Strategy Management Group Huang Lichong told China News Weekly that the number of science and technology innovation boards in different cities also reflects the capital activity of a city.

"The Science and Technology Innovation Board focuses on high-tech and emerging industries, but such businesses often require large capital investment in the early stages and may even lose money. Investment in emerging industries will test various local supporting measures." Huang Lichong said .

In terms of cultivating scientific and technological enterprises, the "Hefei Model" has become a hit. Hefei has leveraged the display industry, semiconductor industry and new energy vehicle industry through investments in BOE, Changxin Storage, and NIO. Hefei's GDP ranking has also improved from nearly 80th place in the country 20 years ago to 19th, and its fiscal revenue has increased dozens of times. More importantly, Hefei's industrial structure has also achieved transformation and upgrading.

With the success of the "Hefei Model", major cities have followed suit.

Since 2022, many people in the investment community have clearly felt that the industrial funds established by local governments this year are accelerating.

Recently, Changsha High-tech Zone launched a 20 billion angel mother fund and seed fund to support technological innovation; Xi'an established an innovative investment fund with an initial scale of 10 billion yuan; Chengdu and Chongqing also jointly established a twin-city fund; Guangzhou even announced the establishment of a 150 billion industrial fund of funds and a 50 billion venture capital fund of funds... From south to north, from east to west, many cities have joined in.

"Now we are attracting investment, excluding first-tier cities. We are blessed with various resources. The Yangtze River Delta and the Pearl River Delta have good market reputations and supporting industrial chain advantages. Unless other regions are like Hainan Island is an island-wide free trade zone, it has advantages that other regions cannot In addition to comparable policy advantages, other cities are increasingly relying on overall supporting facilities and services when introducing advantageous projects. At this time, the role of industrial funds is highlighted," Zhang Lipeng, assistant to the president of Guangzhou Nanyue Fund Group, told China News Weekly. own observations on the industry.

How much investment the local government can provide has become a key factor for many technological innovation companies to choose to settle down.

"Incubating scientific and technological innovation enterprises requires industrial foundation, scientific and technological foundation, university foundation, and an overall entrepreneurial atmosphere. Under this premise, local governments can take an active role and actively introduce early-stage scientific and technological innovation enterprises, and guide funds to actively support them in listing. Providing a package of services in terms of tutoring may be the key to future scientific and technological innovation incubation,” Fu Lichun said.