超过20万亿个事件！ 深圳证券交易所中小板正式合并了三只新股，共同见证了这一刻！ _东方财富网

原始标题：超过20万亿个事件！ 深圳证券交易所主板中小企业板正式合并了3只新股，共同见证了这一刻！

概括

[Over20trillionevents!TheShenzhenStockExchangeMainBoardSMEBoardofficiallymerged3newstockstowitnessthismomenttogether!】OnApril6themergeroftheShenzhenStockExchange’smainboardandthesmallandmedium-sizedboardwasofficiallyimplementedOnthesamedaythemergerofthetwoboardsalsousheredinthefirstbatchoflistedcompaniesnamelyZhenaiMeijia(003041)ZhongnongUnited(003042)andHuayaIntelligent(003043)WiththelistingofthreecompaniesthemainboardofthenewShenzhenStockExchangehasusheredinanewstageofdevelopment

The new main board of the Shenzhen Stock Exchange with a total market value of more than 20 trillion yuan and more than 1,400 listed companies officially set sail!

On April 6, the merger between the main board of the Shenzhen Stock Exchange and the small and medium-sized board was officially implemented. On the same day, the merger of the two boards also ushered in the first batch of listed companies, namely Zhenai Meijia (003041), Zhongnong United (003042), and Huaya Intelligent (003043) ). With the listing of the three companies, the main board of the new Shenzhen Stock Exchange has ushered in a new stage of development.

Market participants pointed out that the merger of the main board of the Shenzhen Stock Exchange and the small and medium-sized board will form a broader and deeper board. After the merger, the main board and the ChiNext board will have a clearer positioning and division of labor, and jointly provide for different types of enterprises at different stages of development Financing services are of great significance for the development of multi-level capital markets and for supporting the construction of “dual districts”. The Shenzhen Stock Exchange will also take this opportunity to give full play to the hub role of the capital market and strive to build a high-quality innovative capital center and a world-class exchange.

　　New Shenzhen Stock Exchange Main Board Ushered in the First Batch of 3 Listed Companies

(Zhen Ai Meijia, Zhongnong United, and Huaya Intelligent are listed on the main board of Shenzhen Stock Exchange, photo by Song Chunyu)

As an important measure to comprehensively deepen the reform of the capital market, the merger between the main board of the Shenzhen Stock Exchange and the small and medium-sized board was officially implemented today. At the same time, the main board after the merger also ushered in the first batch of three listed companies, namely, True Ai Meijia (003041), Zhongnong United (003042), and Huaya Intelligent (003043).

Among them, Zhen Ai Meijia is mainly engaged in the research and development, design, production and sales of household textiles, mainly blankets. In 2019, the company achievedOperating income1.002 billion yuan,Net profit101.56 million yuan, 25 million shares of this public offering,New crotchRaised funds of 450 million yuan, with a total share capital of 100 million shares after the issuance.

Zhongnong United is mainly engaged in the research and development, production and sales of pesticide intermediates, technical medicines and preparation products. In 2020, the company achieved operating income of 1.568 billion yuan, net profit of 103,401,700 yuan, this public issuance of 27.4 million shares, new shares raised 591 million yuan, and the total share capital after the issuance of 109.6 million shares.

Huaya Intelligent is mainly engaged in precision metal manufacturing in the professional field. In 2020, the company will achieve operating income of 368 million yuan and net profit of 711.8182 million yuan. This public offering of 20 million shares, new shares raised 396 million yuan, and a total share capital of 80 million shares after the issuance.

(Heads of three companies ring the listing bell, photo by Song Chunyu)

(Speech by Zheng Qizhong, Chairman and General Manager of True Love, Photo by Song Chunyu)

(Speech by Wang Chunlin, Chairman of China Agricultural United, photo by Song Chunyu)

(A speech by Wang Cainan, Chairman and General Manager of Huaya Intelligent, photo by Song Chunyu)

At the listing ceremony of the three companies, relevant persons in charge of the listed companies delivered speeches successively.

Zheng Qizhong, chairman and general manager of TrueAimeica, said that the A-share listing is an important milestone in the history of TrueAimeica’s development. We know that the success of listing is only a new starting point, and the next responsibilities and burdens will be heavier. , We will study hard, consciously accept supervision from all walks of life, operate with integrity, and standardize operations. At the same time, we will also use technological innovation as the driving force and capital market as a multiplier, and strive to become an excellent listed company as soon as possible, and return investors with excellent results.

Wang Chunlin, Chairman of China Agricultural United, said that the successful landing of China Agricultural United on the capital market today is a major milestone in the development of the company.In the future, we will fully grasp the new development platform and opportunities, strictly abide by various regulatory policies and regulations, adhere to lawful operation, standardized operations, transparent disclosure, continuously improve the governance structure, improve the governance level, and continue to work hard to do a good job in various businesses with excellentPerformanceRepay the trust and support of investors and all walks of life.

Wang Cainan, chairman and general manager of Huaya Smart, said that today’s listing of Huaya Smart is inseparable from a good domestic development environment and policy support, as well as the care and help of governments at all levels. The company is about to open a new capital operation model. I hope that everyone will continue to care and support Huaya. We will redouble our efforts and operate with all our heart to build Huaya Intelligent into a high-quality listed company.

Up to now, the total number of listed companies on the Shenzhen Stock Exchange has reached 1,475, with a total market value of more than 20 trillion yuan.

　　CICCIt is believed that the significance of the merger of the two boards of Shenzhen Stock Exchange is mainly reflected in the clearer positioning of the sector and optimization of the construction of a multi-level capital market system. After the merger of the Shenzhen Stock Exchange and the Shenzhen Stock Exchange, the Shenzhen Stock Exchange will form a market structure dominated by the main board and the ChiNext. The main board is positioned to support relatively mature companies, and the ChiNext mainly serves growth-oriented innovative and entrepreneurial companies. The merger of the Shenzhen main board and the small and medium-sized board makes the structure of the Shenzhen stock market more concise and clear, and the hierarchical positioning of the main board and the growth enterprise board is clearer; it will help promote the market-oriented allocation of capital factors and further improve the capital market’s ability to serve the real economy.

　　Everbright SecuritiesGao Ruidong, managing director and chief macro economist, said that the merger of the two boards did not add new listing channels and would not cause market expansion. The overall impact on market operations is expected to be small.

　　A historical review of the small and medium-sized board: a large number of “hidden champions” in sub-industries have been cultivated

Seventeen years ago, a capital market sector for small and medium-sized enterprises came into being. It shouldered the historical mission of exploring the construction of a multi-level capital market and opened up new channels for small and medium-sized enterprises and private enterprises to enter the capital market. In the past 17 years, the small and medium-sized enterprises plate has continued to grow and develop. Witnessing the rapid development of China’s economy and cultivating a large number of “hidden champions” in sub-sectors, such asIFlytek、SF Holdings、Luxshare PrecisionAnd so on, many have gradually become market-oriented blue-chip companies.

In the past 17 years, under the guidance of the bottom-line thinking that no systemic risk occurs, the small and medium-sized board has explored and established a relatively independent, distinctive, and effective and complete regulatory rule system: keeping up with market hotspots and changes in demand, timely revision of listing rules and regulations Operational guidelines, participated in the formulation of 12 industry information disclosure guidelines.Cash outDividends, High send and transfer, stopResumption of trading, SharesPledgeAnd other regulations, tighten the fence of the system to prevent hot spotsthemeSpeculation.

For example, the small and medium-sized board took the lead in implementing classified supervision and implemented differentiated supervision on companies with different risk levels. Cooperate with “underlying questions” inquiries and regulatory disclosures, keep a close eye on high-risk companies and key issues, take the initiative to take proactive actions on matters such as capital appropriation, illegal guarantees, performance changes, stock liquidation, control competitions, media queries, etc., and take timely regulatory measures. Guide listed companies to improve the quality of information disclosure.

In terms of delisting, the small and medium-sized board combined with the delisting supervision practice of listed companies, participated in the research and improvement of ideas and plans for the delisting system, and continued to promote the reform of the delisting system. Among them, the small and medium-sized board took the lead in introducing new indicators such as related party capital occupation, external guarantees, public condemnation and market transactions in the delisting standards.

Over the past 17 years, the small and medium board has converged with the main board in terms of market value, performance, and transaction characteristics. At the same time, the exploration and practice of the small and medium board in information disclosure, standardized operation, investor protection, delisting and other systems have also accumulated experience and created conditions for the establishment of the ChiNext.

Today, the main board of the Shenzhen Stock Exchange and the small and medium-sized board are officially merged. As far as the small and medium-sized board is concerned, a new journey has begun.Qianhai Open SourcefundChief Economist Yang Delong believes that merging the main board of the Shenzhen Stock Exchange and the small and medium-sized board is an important measure to comprehensively deepen the reform of the capital market. As an important part of my country’s multi-level capital market system, the main board and the small and medium-sized board of the Shenzhen Stock Exchange are expanding direct financing and services. The real economy has played an active role in supporting SMEs.

Dong Dengxin, director of the Institute of Financial Securities of Wuhan University of Science and Technology, said that it is a good thing for the Shenzhen Stock Exchange to start the merger of the main board and the small and medium-sized board, and it conforms to the law of market development. After the merger, the Shenzhen Stock Exchange will form a market structure dominated by the Main Board and the Growth Enterprise Market, providing full life cycle financing services for companies at different stages of development and different characteristics, and a financing platform for different types of companies, including small and medium-sized enterprises. In fact, the service function for small and medium-sized enterprises is continuously enhanced, further improving the ability of the capital market to serve the real economy.

　　What is the impact of the merger of the two boards on the market?

What impact will the merger of the two boards have on the market? The market unanimously believes that the merger of the two boards of the Shenzhen Stock Exchange is expected to be implemented smoothly and will have limited impact on the market in the short and medium term.

　　CICCIt is pointed out that considering that investors may already have sufficient expectations for this merger, and that this merger only makes adaptive adjustments to some matters, it will not affect the listing and operation of listed companies, investor trading habits and behavior, and market product construction and operation It has a substantial impact, and basically has no impact on fixed income, futures and options products, and Shenzhen-Hong Kong Stock Connect business. The merger of sectors will not make substantial changes to the compilation methods of the Shenzhen Main Board and SME Board Indices. Therefore, it is expected that the merger of the two boards of the Shenzhen Stock Exchange is expected to be implemented smoothly, with limited impact on market operation, market sentiment and stock market performance.

Sun Jinju, Assistant to the President of Kaiyuan Securities and Director of the Research Institute, said that from the overall grossinterest rateHejinginterest rateIn terms of level, revenue and profit growth, many indicators of the original SME board and the Shenzhen main board are very close. Although the main board and the original small and medium board P/E ratios have certain differences, the valuation differences between the two are mainly due to structural differences such as industry types. Therefore, the valuation after the merger will not fluctuate significantly.

Gao Ruidong said that from the actual market situation after the announcement of the previous merger of the two boards, the impact of the merger on transactions and investment is relatively small. On the one hand, because this merger will not change the securities code and securities abbreviation, but only make adaptive adjustments to some business rules, technical systems, and issuance and listing arrangements, it has little impact on market operations and investor transactions.On the other hand, the average P/E ratio between the two boards is different, which is mainly caused by industry factors.food and drink、real estate, Home appliances and other traditional industries, small and medium-sized board listed companies are mainly emerging industries such as electronics, medicine and biology, and computers. At present, our country’s financial market has become increasingly mature and the market is becoming more and more rational. After the merger of the two boards, the valuation of individual stocks The impact is relatively limited.

(Source: Securities Times Net)

(Editor in charge: DF515)