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The Science and Technology Innovation Board Index is updated again!

On August 16, the Shanghai Stock Exchange and China Securities Index Co., Ltd. jointly issued an announcement stating that they will officially release three Science and Technology Innovation Board indices on August 23, including the Shanghai Stock Exchange Science and Technology Innovation Board Earnings Quality Strategy Index, the Shanghai Stock Exchange Science and Technology Innovation Board Innovative Drug Index and the Shanghai Stock Exchange Smart Selection Science and Technology Innovation Board Value 50 Strategy Index.

This move is aimed at implementing the deployment requirements of the "Eight Measures for the Science and Technology Innovation Board" and continuously enriching the varieties of the Science and Technology Innovation Board index. The China Securities Regulatory Commission clearly pointed out in the "Eight Measures for the Science and Technology Innovation Board" issued in June this year that it is necessary to continuously enrich the varieties of the Science and Technology Innovation Board index, improve the index compilation method, and improve the "Shanghai Index" system.

Three Sci-Tech Innovation Board indices to be released on August 23

Among the three Science and Technology Innovation Board indices to be released on August 23, the Shanghai Stock Exchange Science and Technology Innovation Board Earnings Quality Strategy Index selects 50 securities with strong profitability and good cash flow conditions from the Science and Technology Innovation Board listed companies as index samples to reflect the overall performance of the Science and Technology Innovation Board listed companies with higher earnings quality.

It is understood that the index selection method uses two types of factors: one is to measure the profitability of the company through the return on net assets, and the other is to measure the company's profit quality by analyzing the matching of operating cash flow and profit. The index samples have outstanding long-term profitability and show good performance growth potential. The net profit disclosed in the latest semi-annual report increased by 44.9% year-on-year.

In terms of industry distribution, the index focuses on high-quality development sectors, concentrated in the power equipment, semiconductor and electronics industries, with a total weight of about 60%. As of the end of July 2024, the total market value of the index samples totaled about 1 trillion yuan, and the average daily transaction amount in the past year totaled about 7.5 billion yuan.

Sample of Shanghai Stock Exchange Science and Technology Innovation Board Earnings Quality Strategy Index:

The Shanghai Stock Exchange Science and Technology Innovation Board Innovative Drug Index selects 30 listed securities on the Science and Technology Innovation Board whose businesses involve the field of innovative drugs as index samples to reflect the overall performance of listed securities in the field of innovative drugs on the Science and Technology Innovation Board.

In recent years, with the introduction of a number of policies to support the development of the innovative drug industry, and the expansion of demand brought about by changes in the population structure, my country's innovative drug industry has broad prospects for development. As a gathering place for "hard technology" companies, the Science and Technology Innovation Board has currently gathered a number of leading innovative drug industry companies that have made breakthroughs in key core technologies and have high market recognition. The Shanghai Stock Exchange Science and Technology Innovation Board Innovative Drug Index will provide investors with good representation and investment tools.

As of the end of June 2024, the index samples had a total R&D investment of 26.3 billion yuan in the past year, a year-on-year increase of 14.5%, which is higher than the market average of the Science and Technology Innovation Board.

Sample of Shanghai Stock Exchange Science and Technology Innovation Board Innovative Drug Index:

The SSE Smart Selection Science and Technology Innovation Board Value 50 Strategy Index combines quality, value and low volatility factors in its sampling method, and selects 50 securities with low operating risks and valuation levels from the Science and Technology Innovation Board listed companies as index samples to reflect the overall performance of the Science and Technology Innovation Board listed companies with stable value characteristics.

As of the end of July 2024, the total market value of the index samples was approximately RMB 1.9 trillion, with a median price-to-earnings ratio of approximately 34 times. They were mainly distributed in the information industry, information technology, and medical and health care industries, with a total weight of approximately 90%.

SSE Smart Selection Science and Technology Innovation Board Value 50 Strategy Index Sample:

The scale of the Science and Technology Innovation Board index tracking products is nearly 160 billion yuan

In recent years, the Shanghai Stock Exchange has continued to improve the index system of the Science and Technology Innovation Board around the implementation of high-level scientific and technological self-reliance and other strategic deployments. After the official release of the above three indexes and the Science and Technology Innovation 200 Index, the number of Science and Technology Innovation Board indexes will reach 24, covering a variety of types such as broad-based, thematic, and strategic, with a total scale of domestic and overseas tracking products of nearly 160 billion yuan.

According to previous news, the Sci-Tech Innovation Board 200 Index will be officially released on August 20. The index selects 200 securities with relatively small market capitalization and good liquidity from the Sci-Tech Innovation Board as samples, and together with the Sci-Tech Innovation Board 50 Index and the Sci-Tech Innovation Board 100 Index, it constitutes the Sci-Tech Innovation Board scale index series, reflecting the overall performance of listed securities of different market capitalization scales in the Sci-Tech Innovation Board market.

It is worth mentioning that after the release of the "Eight Measures for the Science and Technology Innovation Board", the Science and Technology Innovation Board indexes continued to be updated. Among them, on July 25, the Shanghai Stock Exchange Science and Technology Innovation Board Medical Index and the Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence Index were released; on July 26, the Shanghai Stock Exchange Science and Technology Innovation Board Chip Design Theme Index and the Shanghai Stock Exchange Science and Technology Innovation Board Semiconductor Materials and Equipment Theme Index were released.

In the future, the Shanghai Stock Exchange will further enrich and improve the Science and Technology Innovation Board index system, provide investors with more diversified investment targets and performance benchmarks, and do a solid job in the "five major articles" of finance, helping the capital market serve the high-quality development of the real economy.

Source: Securities Times official microblog

Statement: All information content of Databao does not constitute investment advice. The stock market is risky and investment should be cautious.

Editor: He Yu

Proofreading: Zhao Yan

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