SSE-listed Companies Promote Major Provincial Economies in Assuming Greater Responsibility with Industries as the Basis and Innovation as the Driving Force

Shanghai Securities News, www.cnstock.com        Author: He Xinyi

In recent years, entities represented by listed companies have taken industries as the basis and innovation as the driving force to provide momentum for the industrial transformation and development of new quality productive forces in economically developed provinces. Among them, SSE-listed companies have performed outstandingly and become the backbone of promoting major provincial economies in assuming greater responsibility.

Laying a Solid Foundation for "Stability"

Major provincial economies enjoy a profound industrial foundation and serve as the "concentration areas" of listed companies. In 2024, the top ten provinces in terms of GDP covered 1,547 SSE-listed companies with a market value of 27.4 trillion yuan, accounting for 68% and 52% respectively regarding the number and market value of SSE-listed companies. Among the 2,194 entity companies listed on the SSE, there are more than 1,120 companies in Shanghai, Zhejiang, Jiangsu, and Guangdong. Some leading and "chain leader" enterprises are concentrated in these major provincial economies. For example, Guangdong ranks first in China in terms of the scale of electronic information, manufacturing, automobile, and other industries. Leading companies such as Foxconn Industrial Internet Co., Ltd., Shenzhen Transsion Holdings Co., Ltd., and Guangzhou Automobile Group Co., Ltd. have emerged there. Shanghai is a highland for integrated circuits, thus gathering many chip industry giants such as Semiconductor Manufacturing International Corporation, Will Semiconductor Co., Ltd. Shanghai, JCET Group Co., Ltd., and National Silicon Industry Group Co., Ltd. Hunan boasts an impressive construction machinery industry, with an export value of over 30 billion yuan in 2024. SANY Group and China Railway Construction Heavy Industry Corporation Limited have won major orders. Sichuan is the top province in terms of hydropower. The original major shareholder of Sichuan Chuantou Energy Co., Ltd. has conducted strategic restructuring to establish a new energy system.

Developing the "Drivers" for Innovation

Listed companies are the "drivers" for regional innovation. In 2024, 48 innovative drugs were approved for market launch nationwide, with 13 of them coming from Jiangsu. Besides, Jiangsu Hengrui Pharmaceuticals Co., Ltd. has promoted China to rank among the world's top in tumor immunotherapy, and Dizal (Jiangsu) Pharmaceutical Co., Ltd. has promoted Jiangsu Province's biopharmaceutical industry to secure a higher position in the global value chain. In Shandong, 1,006 major projects with a total investment of over one trillion yuan have been started in a concentrated manner. Wanhua Chemical Group Co., Ltd. will build a next-generation battery material industrial park. In Zhejiang, some major projects were started in the first quarter. The second phase of the Zhejiang Southeast Intelligent Computing Center project develops the digital economy through the construction of the "computing power center", attracts the settlement of enterprises, and facilitates the establishment of an artificial intelligence industry highland.

The above information is provided for reference purposes only and does not constitute investment advice.