A Share Surging In 2020: The Three Major Stock Indexes Will Reach A New High, And The IPO Under The Registration System Will Raise 470 Billion Yuan

It will be officially closed in 2020.

On December 31, 2020, a shares ushered in the last trading day of 2020. The three major stock indexes closed up collectively, and the gem index increased by 2.27% to 2909.67 points.

Looking back this year, affected by the outbreak of the new crown epidemic and the downward impact of macroeconomic growth, the A-share market fluctuated greatly. In the second half of the year, the epidemic situation was well controlled and the economy was recovering. The domestic capital market showed tenacity, and the three major indexes kept rising. By the end of December 31, 2020, the Shanghai index has risen by 13.87%, the Shenzhen Composite Index by 38.73% and the gem by 64.96%. The three major indexes have risen together in the whole year.

With the end of 2020, the rise and fall of A-share market is also fresh. Wind data shows that among the 4140 listed companies, 2157 enterprises achieved a rise, accounting for 52.10%, more than half. Excluding 396 new shares and 23 suspended companies that have been listed since 2020, the number of stocks that have risen in 2020 is 1998, accounting for 53.70%.

"Overall, 2020 is a big year for value investors to invest in. Whether it is the consumption of "liquor, medicine, food and beverage" of Three Musketeers, or photovoltaic and new energy vehicles in the direction of new energy, there has been a sharp rise trend, and the leading stocks in the industry have obtained relatively high return on investment. " Yang Delong, chief economist of Qianhai open source fund, pointed out in an interview.

Total market value increased by 20 trillion

Overall, the performance of A-share market in 2020 is optimistic as a whole. Based on the macro-economic background in 2020, the market performance is low before and high after. As of December 31, 2020, the total market value of 4140 A-share listed companies has exceeded 79.72 trillion yuan, 20.43 trillion yuan higher than that of 59.29 trillion yuan in 2019, and the market value increase is as high as 34.46%.

Specifically, from the perspective of industry performance, 24 of the 30 Shenyi class industries have achieved stock price rise. Among them, the food and beverage industry had the highest growth rate, with an increase of 69.46%; followed by national defense and military industry, electrical equipment, medicine and biology, agriculture, forestry, animal husbandry and fishery, which increased by 62.18%, 44.24%, 34.85% and 34.07%, respectively, ranking among the top five industries with the highest growth rate in 2020.

"In 2020, the rotation of A-share industry mainly revolves around two main lines: one is accompanied by the change of epidemic situation, including medicine and biology, food and beverage, agriculture, forestry, animal husbandry and fishery, leisure service and computer; the other is accompanied by the change of domestic economic situation, including electrical equipment, automobile, chemical industry, electronics, household appliances, etc. Under the background of favorable policy environment, the overall market trend continues the bull market in 2019, and the industry rotation line is relatively clear, which basically realizes the rise of the whole industry in the whole year. " Wanhe securities strategy industry analysis team said.

From the transaction situation, wind data shows that the total number of A-share transactions in 2020 is 1.664 billion shares, the total transaction amount is 206.02 trillion yuan, and the range turnover rate is as high as 720.93%. In the same period of 2019, the number of shares and transaction amount were 12.57 trillion shares and 126.88 trillion yuan, respectively. In 2020, the number of shares and transaction amount increased by 32.38% and 62.37% respectively year-on-year.

During this period, the total trading amount of Shanghai Hong Kong stock connect and Shenzhen Hong Kong stock connect reached 9.04 trillion yuan and 12.05 trillion yuan respectively.

"Looking back, 2020 is a very extraordinary year. The emergence of the new crown black swan has brought about a great impact on the economy. However, due to the effective prevention and control of the epidemic situation in China, the spread of the epidemic situation was quickly controlled. The economy began to recover steadily from the second quarter. Although the capital market suffered from the impact of the epidemic, it dropped twice and fell into the golden pit, but the market quickly and tenaciously recovered. " Yang Delong said.

Pharmaceutical, photovoltaic, new energy "Bull Power"

In terms of individual stock performance, excluding 396 new shares listed in 2020, 2003 of 3744 stocks rose, accounting for 52.16%, including 5 suspended companies. Among them, in 2020, there are 20 stocks whose stock price increases by more than 300% and 64 stocks whose stock price exceeds 200%. The stock prices of 270 stocks will double.

In the top ten bull stocks list, the epidemic benefit stock, Enke medical, became the "king of bull stocks" in 2020, with a cumulative increase of 1428.06%. It is also the only enterprise with an increase of more than 10 times, with an income of 168.15 yuan on December 31, 2020.

According to the public information, the main business of Yingke medical covers medical protection, rehabilitation care, health care and physical therapy, and inspection of consumables. In 2020, the demand for disposable PVC gloves, nitrile gloves, protective clothing, masks and other products produced by Yingke Medical Co., Ltd. increased rapidly in 2020, which led to the rapid growth of the company's sales scale in the short term, and the performance of the first three quarters of the year increased sharply.

According to the financial report data of Yingke medical, the company achieved 8.945 billion yuan of operating revenue in the first three quarters, a year-on-year increase of 486.44%, and a net profit of 4.373 billion yuan, a year-on-year increase of 3376.72%. As of December 31, 2020, the market value of the company has expanded to 59.2 billion.

Zhengchuan shares and Zhende Medical Co., which are also benefit shares of the epidemic situation, were among the ranks with an increase of more than 300%, with an increase of 320.18% and 305.67% respectively during the year.

In addition, after several rounds of reshuffle, the domestic photovoltaic industry has also reached the bottom in 2020, and rapidly deduces the logic of "the strong always strong". In the top 10 bull stocks occupy four seats, CNC, sunshine power, jinlang technology, Maiwei shares and a number of related new and old concept companies rose faster than the tiger.

With a cumulative increase of 604.58% in the year's stock price, the CNC company won the second place in the list of bull stocks in 2020. According to the public data, CNC is the first enterprise in China to develop special CNC grinding machine, special chamfering machine and cutting saw machine for the development of solar silicon wafer. The company began to focus on the development of photovoltaic silicon production business in 2019, and ushered in the explosive growth of performance.

In 2020, CNC will continue to reap large orders. Since November alone, it has signed contracts with Trina Solar, Oriental rison and other companies with an amount of more than 25 billion yuan, which is close to the total market value of the company at that time. In the first three quarters of 2020, the company's operating revenue has reached 1.947 billion yuan, with a year-on-year increase of 317.44%. As of December 31, the company's stock price was 138.45 yuan, up 619.71% in the year.

Sun power, which is located in the photovoltaic circuit, also achieved the same performance as the stock price. It was still setting a new record at the end of the year. Its growth rate was 589.16% to 72.28 yuan, ranking the third in the list of bull stocks. It is reported that in 2020, the company vigorously promotes the globalization strategy, and the share of products in the global market is also steadily increasing. The energy storage system is widely used in China, the United States, the United Kingdom, Canada, Germany, Japan, Australia, India and many other countries.

Specifically, in terms of industrial and commercial energy storage alone, the market share of solar power in North America is more than 20%; in Australia, the market share of household optical storage system is also more than 20%. According to the information disclosed by sunshine power, the rapid growth of operating revenue in the year was mainly due to the increase of power station business and overseas optical storage business.

The other two new energy concept stocks jinlang technology and Maiwei shares ranked fourth and sixth respectively in the bull stock list. In addition, the top ten bull stocks are Tianci materials, Jianlang hardware, St Fuzhou steel, Great Wall Motors, Jiugui Liquor.

According to the statistics of 21st century economic reporter, among the top ten bull stocks in 2020, except that Great Wall Motor realized a year-on-year decrease in net profit attributable to parent company in the first three quarters of 2020, the net profit of the remaining nine stocks increased year-on-year in the first three quarters of 2020. Among them, the increase of net profit attributable to the parent company of 6 shares, such as industrial medical, CNC, sunshine power, jinlang technology, Tianci materials and kovos, has doubled in the first three quarters of 2020.

Overall, the performance of A-share market in 2020 is optimistic as a whole. Based on the macro-economic background of this year, the market performance is low before and high after. Visual China

IPO financing amount reaches a 10-year high

In addition to the secondary market, 2020 is also the year of equity financing in A-share market.

In 2020, the overall financing scale of the market will continue to increase. As of December 31, the total financing scale of IPO, additional issuance, allotment and preferred shares reached 1.71 trillion, involving 1049 enterprises, an increase of 0.17 trillion or 11.04% compared with the financing scale of 1.54 trillion in 2019.

Among them, IPO performance is the most brilliant. With the continuous promotion of the registration system, policies to encourage the development of emerging science and technology innovation enterprises, SMEs IPO ushered in the new year. As of December 31, 2020, there were 396 IPOs in the year, 93 more than 203 in 2019. In 2020, the total financing scale of IPO will reach 470 billion yuan, nearly double that of 253.2 billion yuan in 2019, which is the largest IPO Financing scale of a shares since 2010.

In terms of the company's listing board, the science and technology innovation board is the leader, with a financing scale of 222.6 billion yuan, accounting for 46.24%; the main board, with a financing scale of 120.8 billion yuan, accounting for 25.17%; the third is the gem, with a scale of 89.3 billion yuan, accounting for 18.57%. Specifically, in the industry of listed companies, semiconductors and semiconductor production equipment account for the largest proportion, with a financing scale of 80.3 billion yuan; the second is capital goods, with a total financing of 64.7 billion yuan; the third is pharmaceuticals, biotechnology and Life Sciences, with financing of 54 billion yuan.

It is worth mentioning that in 2020, large IPO orders will appear frequently, and a total of four enterprises will have a financing scale of more than 10 billion yuan. Among them, the "Big Mac" smic-u alone has exceeded 53.230 billion yuan in financing scale. In addition, Beijing Shanghai high-speed rail ranked second, with an IPO Financing of 30.674 billion yuan. There are also two enterprises that have raised more than 10 billion yuan, namely, golden dragon fish and CICC, with financing scales of 13.934 billion yuan and 13.198 billion yuan respectively. Only these four IPO companies, the total financing scale has accounted for more than 20% of the total IPO Financing scale.

There is also a large increase in the issuance of additional shares. In 2020, the financing scale of additional issuance of enterprises reached 823.6 billion yuan, an increase of 19.57% compared with that of 688.8 billion yuan in 2019; the total financing scale of rights issue reached 512.97 billion yuan, nearly three times higher than that of 13.388 billion yuan in 2019.

As an innovative financing method, convertible bonds also achieved a higher scale in 2020. In 2020, the financing scale of convertible bonds reached 301.357 billion yuan, exceeding 53.576 billion yuan of 247.781 billion yuan in 2019, setting a new record.

"The comprehensive reform of registration system can enable the market to choose the investment target and better serve the real economy; it can also price the company according to the fundamentals, so that investors can no longer speculate in the shell, new or follow the market; it can also encourage the development of private equity capital and better improve the quality of companies to be listed." Tian Lihui, Dean of the Institute of financial development of Nankai University, pointed out in an interview.