Abstract
This paper measures the overall solvency of Zhongguancun NEEQ enterprises through indicators such as asset-liability ratio, cash flow debt ratio, current ratio, etc; and presents the operating capacity of Zhongguancun NEEQ enterprises through indicators such as account receivable turnover days, inventory turnover days, and total asset turnover days. Through corresponding research,we found that the overall debt ratio of Zhongguancun NEEQ enterprises is relatively low and the solvency is good; the fixed assets turnover days, total assets turnover days and other indicators are excellent, and the operating capacity is strong.
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Notes
- 1.
This report calculates but does not go details into industrial sectors with enterprises below 1% of the total, including “transportation, warehousing and postal services” (9, 0.83%), “residential services, repairs and other services” (7, 0.65%), “mining” (7, 0.65%), “health and social work” (6, 0.56%), “electricity, heat, gas and water production and supply industry” (6, 0.56%), “real estate” (5, 0.46%), “agriculture, forestry, animal husbandry and fishery” (1, 1.09%), and “accommodation and catering industry” (1, 1.09%) for industrial key indicators.
- 2.
12 enterprises belong to the “financials” sector. Among all Zhongguancun NEEQ listed companies, Jiuding Group (430,719.OC) takes the lead with 46.263 billion-yuan total assets. Guodu Securities (870,488.OC) has a total asset of 29.208 billion yuan. Guodu Securities (870,488.OC), China Equity Group (833,858.OC), Heaven-sent Capital Management Group (833,044.OC), China Post Fund (834,344.OC), and NewMargin Venture Capital (833,502.OC) have total assets exceeding 1 billion yuan.
- 3.
862 out of 1081 Zhongguancun NEEQ listed companies expose R&D expenses.
- 4.
4 enterprises in the “financials” sector, including China Equity Group (833,858.OC), Bocheng Insurance (870,032.OC), Jiuding Group (430,719.OC), and Unitedmoney (872,088.OC) expose their R&D expenses with 72 million yuan, 23 million yuan, 23 million yuan, 5 million yuan respectively. As R&D expenses are relatively high in those four companies and a few financial companies expose their R&D expenses, the average number is considerable. If we solely take R&D expenses of top four enterprises, ElexTech (872,801.OC), Sincetimes Network(872,801.OC), Yonyou Fintech (839,483.OC), and Hisign Technology (430,021.OC) with the R&D expenses of 378 million yuan, 151 million yuan, 135 million yuan, and 124 million yuan prespectively, into consideration, the average R&D expenses of the “information transmission, software and IT services” sector reaches 197 million yuan, higher than the average number of the “financials” sector.
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Zhongguancun Listed Companies Association (2021). The Industrial Distribution Research Report of Zhongguancun NEEQ Listed Companies in 2019. In: The Growth Report of Zhongguancun NEEQ Listed Companies (2020). Current Chinese Economic Report Series. Springer, Singapore. https://doi.org/10.1007/978-981-33-6819-4_5
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DOI: https://doi.org/10.1007/978-981-33-6819-4_5
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