Leading Companies with Constituent Stocks of the SSE STAR Market 50 Index Showcase a New Landscape of High-Quality Growth with Steady Performance and Technological Breakthroughs
Shanghai Securities News · www.cnstock.com He Xinyi
As the SSE STAR Market enters its sixth year, the companies with constituent stocks of the SSE STAR Market 50 Index, regarded as the "core asset pool" for China's core technology enterprises, are consolidating their position as the "ballast stone" for technological innovation through solid performance, technological breakthroughs, and global layout. As of April 9, 18 companies have disclosed their 2024 annual reports, totaling revenues of 225.599 billion yuan, a year-on-year increase of 12%, with net profits at 22.474 billion yuan, up 36% year-on-year, highlighting the leadership role of top leading technology companies.
Steady Performance as Ballast: Driving Industry Breakthroughs
Companies with constituent stocks of the SSE STAR Market 50 Index aggregate leading companies across six strategic emerging industries.
In 2024, more than 70% of these companies reported revenue growth, and more than 50% experienced growth in both revenue and net profit. The top ten companies by market value (such as Semiconductor Manufacturing International Corporation and Beijing Kingsoft Office Software, Inc.) contributed 19% of the sector's operating revenue and 42% of net profits, establishing themselves as the performance "ballast stone."
Under the leadership of these companies, breakthroughs continue to emerge in areas such as integrated circuits, artificial intelligence, and innovative pharmaceuticals. Companies like Semiconductor Manufacturing International Corporation, Hygon Information Technology Co., Ltd., and Cambricon Technologies Corporation Limited are focused on enhancing local semiconductor manufacturing capabilities, boosting the performance of domestically produced GPU servers, and improving the computational power of AI chips. Loongson Technology Corporation Limited recently launched its 3C6000/D 2U dual-server model, and Shanghai United Imaging Healthcare Co., Ltd. achieved parity or leadership in high-end medical imaging equipment, with significantly higher self-developed core component ratios.
Technological Breakthroughs in the "Deep Water Zone" and a Diversified Layout Help to Mitigate Risks
Companies with constituent stocks of the SSE STAR Market 50 Index focus on R&D. As of April 9, 18 companies that have disclosed their annual reports reported total R&D expenditures of 24.811 billion yuan, representing a 13% year-on-year increase, and nearly 90% of these companies increased their R&D investments. Hygon Information Technology Co., Ltd. achieved revenue growth through high-intensity R&D; SICC Co., Ltd. released a 12-inch silicon carbide substrate, achieving significant increases in both revenue and net profit. At the same time, these companies broke down trade barriers through technology exports. The overseas revenue of 18 companies that have disclosed annual reports totaled 28.167 billion yuan, a year-on-year increase of 52%. Supcon Technology Co., Ltd. has built a global network, reporting overseas revenue of 749 million yuan, a year-on-year increase of 118%; Montage Technology Co., Ltd. participated in the construction of memory standards and led the international standard for DDR5 memory interface chips.
Unveiling the Latest "Corporate Value and Return Enhancement" Roadmaps
Companies with constituent stocks of the SSE STAR Market 50 Index respond to the "Corporate Value and Return Enhancement" Action Plan. These 18 companies have disclosed their plans for 2025, clearly focusing on core businesses, dividend increases, and share repurchase plans. Semiconductor Manufacturing International Corporation promotes capacity building to maintain profitability; Baimtec Material Co., Ltd. intensifies market expansion efforts in the low-altitude economy sector; Zhuzhou CRRC Times Electric Co., Ltd. strengthens the management of investment projects financed by raised funds.
Many companies have launched repurchase plans. Beijing Roborock Technology Co., Ltd. has declared substantial dividends and initiated a new repurchase round; AVIC (Chengdu) UAS Co., Ltd. focuses on its main business and promotes the development of civil aviation, with its chairman proposing to repurchase with 100-200 million yuan.
As the scientific and technological revolution and industrial transformation deepen and the global supply chain is restructured, leading companies in the SSE STAR Market will consolidate their performance with technology, make breakthroughs based on the localization strategy, and forge ahead in the channel of high-quality development.
The above information is provided for reference purposes only and does not constitute investment advice.