The Competitiveness Report of Zhongguancun Listed Companies (2021)

This book is based on the comprehensive grasp and analysis of the financial data of Zhongguancun listed companies (ZLCs), and in-depth observations by ZLCA for many years. This book presents the capital market distribution, overall scale, profitability, innovation ability and social contribution of ZLCs in multiple dimensions, and carris out thematic analysis and research of the high proportion of accounts receivable to current assets in ZLCs in recent years, aiming at objectively presenting their competitive strength and development. Whether investors, researchers or reporters who are interested in Z-Park, this book is an important reference to better understand the latest development of Z-Park and the high-quality listed companies in Z-Park. Report Instruction Contents 1 The Development Report of ZLCs in 2020 1.1 The Overall Development of ZLCs in 2020 1.1.1 The Number of New Listed Companies Set a New Record, Unprofitable Companies Are Finally Approved for Listing 1.1.2 New Economy Companies Drive Various Indicators to Grow Against the Trend in the Epidemic 1.1.3 Operational Performance Has Increased Substantially, and Nearly 40% of Enterprises Have Achieved Both Growth in Revenue and Net Profit 1.1.4 R&D Investment and Output Continued to Grow, and the Average R&D Intensity Reached a New High 1.1.5 IPOs and Private Placements Have Become Important Financing Channels for Private Listed Companies, Continuously Assisting the Long-Term Development of Private Companies 1.1.6 Cash and Cash Equivalents Have Formed a Certain Scale, and the Scale of Investment and Financing Has Risen Sharply 1.1.7 More Than 80% of Enterprises Have Relatively Reasonable Asset-Liability Structures, and Their Solvency is Guaranteed 1.1.8 The Scale of Accounts Receivable of Private Enterprises Has Declined, but the Problem of Account Receivable Turnover is Still Serious 1.1.9 The Growth Rate of Income Tax Has Slowed Down, and the Tax Burden Gap of Various Industries Has Widened 1.1.10 The Number of Employees Continued to Rise, with Excellent Output Per Capita Performance and Reflecting Industry Differences 1.2 Development Suggestions for ZLCs 1.2.1 It is Recommended to Continue to Expand and Deepen the Reform of the Multi-level Capital Market, and Increase the Proportion of Direct Financing of Enterprises 1.2.2 It is Recommended to Give Play to the Demonstration Effect of New Economy Enterprises and Lead the High-Quality Development of ZLCs 1.2.3 It is Recommended to Revitalize the Bond Financing of Private Enterprises and Eliminate the Blind Spots of Private Enterprises in Financing 1.2.4 It is Recommended to Further Strengthen Debt Settlement and the Management Ability of Private Enterprises’ Accounts Receivable 2 Report on Profitability of ZLCs in 2020 2.1 Revenue Situation 2.1.1 Overall Revenue Situation of ZLCs in 2020 2.1.2 Industry Distribution of Revenue 2.1.3 Revenue Ranking Status 2.2 Gross Profit Situation 2.2.1 Overall Situation of Gross Profit and Gross Margin 2.2.2 Industry Distribution of Gross Profit and Gross Margin 2.2.3 Ranking Status of Gross Profit and Gross Margin 2.3 Net Profit Situation 2.3.1 Overall Situation of Net Profit 2.3.2 Industry Distribution of Net Profit 2.3.3 Ranking of Net Profit and Net Margin of ZLCs in 2020 (Top 30) 2.4 ROA and ROE 2.4.1 Return on Assets (ROA) 2.4.2 Return on Equity (ROE) 2.5 Summary 3 Report on Solvency and Operating Capability Analysis of ZLCs in 2020 3.1 Analysis of ZLCs’ Asset and Liabilities in 2020 3.1.1 Analysis of ZLCs’ Asset in 2020 3.1.2 Analysis of ZLCs’ Liabilities in 2020 3.2 Analysis of ZLCs’ Solvency in 2020 3.2.1 Solvency 3.2.2 Analysis of ZLCs’ Long-Term Solvency in 2020 3.2.3 Analysis of ZLCs’ Short-Term Solvency in 2020 3.3 Analysis of ZLCs’ Operating Capability in 2020 3.3.1 Operating Capability 3.3.2 Overall Status Analysis of ZLCs’ Various Accounts Receivable Turnovers in 2020 3.4 Summary 4 Report on Innovation Capability of ZLCs in 2020 4.1 Innovation Input 4.1.1 R&D Investment of ZLCs 4.1.2 Rankings of R&D Expenses and R&D Intensity 4.1.3 Top 100 Companies in R&D Expenses and R&D Intensity Ranking 4.1.4 The Industry Distribution of R&D Expenses and R&D Intensity 4.1.5 Relationship Between R&D Input and Profitability 4.2 Innovation Output 4.2.1 Number of Patent Authorization 4.2.2 The Number and Ranking of Valid Invention Patents 4.2.3 The Number of PCT Patent Applications by Enterprises 4.2.4 Distribution of the Patent Industry 4.3 Summary 5 Report on Cash, Investment and Financing Capability of ZLCs in 2020 5.1 Analysis of Cash Content of ZLCs in 2020 5.2 Analysis of Cash Flows of ZLCs in 2020 5.3 Financing Analysis of ZLCs in 2020 5.3.1 IPO Financing of ZLCs in 2020 5.3.2 Financing Status of Equity Private Placement of A-share ZLCs in 2020 5.3.3 Bond Issuance and Financing of ZLCs in 2020 5.4 Summary 6 An Analysis of SEC Comments to Filings of China Concept Stocks 6.1 Analysis of the SEC Review of the US-Listed Chinese IPOs in 2020 6.1.1 Overview of CCS Company Initial Public Offering in the US in 2020 6.1.2 Overview of the SEC Comments on Filings of the US-Listed Chinese IPOs 6.1.3 The Analysis of SEC Comments for the 2020 US-Listed Chinese IPOs 6.1.4 Overview of 2020 US-Listed IPO and SEC Comments for ZLCA Members 6.2 SEC Comments for Annual Reports Filed in 2020 of CCS Issuers 6.2.1 Overview of Listed Companies in the United States 6.2.2 The Overview of SEC Comment Letters Issued in 2020 Regarding China Concept Stocks Annual Report 6.2.3 Overview of SEC Comments Issued in 2020 for Annual Report Filed by CCS Issuer 6.2.4 Overview of 2020 Periodic Filings and SEC Comments for ZLCA Members 6.3 Conclusion 7 ESG Study of Zhongguancun Listed Companies 7.1 An Overview of ESG 7.1.1 The Concept of ESG 7.1.2 ESG Assessments in Domestic and International Capital Markets 7.2 ESG Regulation and Development in China 7.2.1 National Sustainable Development Strategy 7.2.2 Overview of ESG Regulatory Policies in China 7.2.3 Impact of ESG on Listed Companies 7.3 ESG Development in Core Industries of Listed Companies in Zhongguancun 7.3.1 Information Technology 7.3.2 Industrials 7.3.3 Consumer Discretionary 7.3.4 Health Care 7.4 Suggestions for ESG Management and Practice of Listed Companies in Zhongguancun 7.4.1 Information Technology 7.4.2 Industrials 7.4.3 Consumer Discretionary 7.4.4 Health Care