Latest Top 500 Chinese Market Capitals: Top 20 Major Shuffle! TSMC takes first place, exits 23 companies in Beijing, Shanghai, Guangzhou, and Shenzhen _ Economic News _ News Center

In the past year, the global pandemic has been fluctuating and the economy has fluctuated. In the capital market, opportunities and challenges coexist.

80% of Chinese concept stocks have experienced a decline in stock prices, with the overall market value shrinking by nearly one-third. Delisting and returning to the market have become a trend;
Internet, real estate, education, Baijiu and other former value stocks have been hit hard in turn;
The 'chip shortage' is sweeping across the world, and semiconductor companies are performing outstandingly;
The concept of metaverse has emerged;
Carbon neutrality ignites the concept of new energy, but the controversy over its value still exists. "Ningmao" faces valuation challenges at the end of the year

Against the backdrop of the pilot reform of the registration system for new stock issuance, the number of A-share IPO companies and total fundraising in 2021 have both broken historical records. With the establishment of the Beijing Stock Exchange, the A-share market has officially entered the era of "Beijing Shanghai Shenzhen", with a total market value exceeding the threshold of 90 trillion yuan and the number of listed companies approaching 4700.

According to statistics from 21 Data News Laboratory, as of December 31, 2021, there were a total of 8276 Chinese listed companies (excluding delisted companies) listed on 16 major global exchanges including Shanghai, Shenzhen, Beijing, Hong Kong, and New York, an increase of 534 compared to the previous year. The total market value is 141.98 trillion yuan (RMB, the same below), an increase of 3.95% compared to the previous year.

Under the rotation of the trend, the top 500 companies have also undergone a reshuffle. At the beginning of the new year, 21 Data News Laboratory released the latest list of the top 500 Chinese listed companies by market capitalization. This is the fifth consecutive year we have produced and released this list. The 21 Data News Laboratory strives to review the economic changes of the past year and seek future development trends.

TSMC takes first place

Ningde Times' market value exceeds one trillion yuan

Sailing against the current, if you don't advance, you will retreat.

According to 21 Data News Laboratory statistics, the latest top 500 companies(One click query: Who are the leaders in various regions and industries?>> >）The total market value is 88.25 trillion yuan, with 6% of companies contributing 62% of the market value, but the proportion has decreased by 6 percentage points compared to the previous year. Two thirds of the Fortune 500 companies are listed on the A-share market.

The entry threshold continues to rise, with Zhonggong Education (002607. SZ), which was still ranked 93rd last year, "falling" into a "goalkeeper" and narrowly holding onto its position in the top 500. The threshold of 48.476 billion yuan has increased by 8.71% year-on-year.

The top 20 companies have undergone significant changes in their positions, with 12 companies having a market value exceeding one trillion yuan, a decrease of 2 companies from the previous year.

Tencent (0700. HK) and Alibaba (BABA. N/9988. HK), which have taken turns occupying the top spot since 2017, have both stepped down from the pedestal for the first time. Compared with the previous year, Tencent's market value has shrunk by 964.5 billion yuan, ranking second; Alibaba's market value fell by 2.09 trillion yuan, almost halving, and it missed the top three. Meituan (3690. HK) and JD.com (JD. O/9618. HK) also experienced a nearly 23% decline in market value, falling 1 and 4 places respectively. Pinduoduo (PDD. O) has withdrawn from the trillion dollar market value club.

While the Internet giants have suffered a great deal, the leading stocks related to semiconductors and new energy are in high demand.

Semiconductor giant TSMC (2330. TW/TSM. N) has won the market value crown in China and even Asia for the first time, with a total market value of nearly 4 trillion yuan and a growth of nearly 25% in the past year. Under the global shortage of chips, major enterprises are generally raising prices and increasing production capacity. TSMC holds half of the chip foundry market share, and its stock price has been rising since the second quarter of 2020.

In 2021, the Ningde era (300750.SZ) as the representative of the "Ning portfolio" turned out, the Wind Ning portfolio index rose 41% a year, Ningde era also became the first trillion-dollar market capitalization company on the GEM. As of the third quarter of 2021, Ningde era more than Guizhou Maotai to become the public fund's first heavy stock, "Ning portfolio" of BYD (002594.SZ), Longji shares (601012.SH), Weir shares (603501.SH), Yiwei lithium energy (300014.SZ) have risen sharply.

Although the top trillion dollar enterprises have shrunk, the number of billion dollar companies has expanded to 243, an increase of 23 compared to the same period last year, mainly concentrated in industries such as electronics, information technology, banking, consumer goods, and energy.

Online education is now 'offline'

Internet technology stock market value generally shrinks

The alternation of old and new, the rotation of air vents.

Overall, the top 500 companies are still concentrated in big finance (70 companies), electronics (60 companies), pharmaceuticals and biology (39 companies), information technology (38 companies), and so on.

According to statistics from the 21 Data News Laboratory, compared to the previous year, 273 companies in the Fortune 500 list have risen in rank, of which 97 are "new faces"; 203 companies have dropped in ranking, and 97 companies have been squeezed out of the list. The Internet, biomedicine, online education and other sectors that were once favored have temporarily stopped. New energy has taken over the baton and become a new outlet.

In the list of top 500 companies, there are 19 companies landing in the capital market in 2021, including Internet technology enterprises such as Kwai (1024. HK), Didi. N, Shangtang Technology (0020. HK), etc., as well as Bettany (300957. SZ), Huali Group (300979. SZ), etc. It is worth mentioning that Betray (835185. BJ), listed on the Beijing Stock Exchange, also made it onto the list.

In the past year, with the help of the antitrust sledgehammer, the share price of Internet technology stocks has fallen several times, their market values have generally shrunk, and their rankings are almost falling. Pinduoduo's market value has fallen below one trillion yuan, while Xiaomi (1810. HK) and Baidu (BIDU. O/9888. HK) have experienced year-on-year declines of 45% and 32%, respectively. Compared to mid-2021, Bilibili (BILI. O) fell out of the top 100, while iQiyi (IQ. O), Weibo (WB. O), Vipshop (VIPS. N), Zhihu (ZH. N) and others fell out of the top 500.

The financial sector is still the main force, but the number of companies on the list decreased by four compared with the same period last year, and the decline in non-bank finance was obvious. Among them, the number of securities brokers decreased by 5, and only 3 of the remaining 19 rose in the ranking. In 2021, the-share insurance sector fell by more than 30% annually, and the ranking of insurance companies in the list was declining.

The number of real estate companies on the list continued to decrease to 26, of which 16 were listed in Hong Kong. Today, "housing does not speculate" deeply rooted in the hearts of the people, superimposed on the downturn in Hong Kong stocks, real estate stocks underperformed.

The "education and training" industry is facing a cold winter. among the online education companies, good future (TA L.N), new oriental (ED U.N) and high road group (GOT U.N/who did you learn from) have all been "offline" from the list, leaving only public education in China at 500. As of December 31, 2021, the latest share prices of Good Future, New Oriental and Gaotu Group have fallen 96%, 89% and 98%, respectively, from their highs a year ago.

On the other hand, chips, semiconductors and energy-related photovoltaics, wind power, lithium batteries, hydropower, etc. are the hot tuyere industries in 2021, and the upward trend is obvious. Changjiang Electric Power (600900.SH) entered the TOP20 list for the first time. In addition to TSMC and Ning Portfolio, 19 companies such as China Telecom (0728.HK/ 601728.SH), MediaTek (2454.TW) and Salt Lake (000792.SZ) have increased their market capitalization by more than 100 billion, while Zangge Mining (000408.SZ) has increased their market capitalization by more than four times.

Among the science and technology innovation board companies that best represent the trend of new technologies, the list of the top 500 companies has also expanded, from 17 in the previous year to 19, and one new member with a market capitalization of 100 billion yuan, which is Daquan Energy (688303.SH), which has been listed for less than half a year. It is worth noting that the list of companies from the semiconductor industry accounted for 10, an increase of 4 from the previous year.

Although market value is not equal to value, it is also an important measure of the overall strength of listed companies. On the whole, in the current economic and policy environment, the emphasis on the real economy, core technology, and the emphasis on R & D innovation are not only the direction of my country's economic transformation, but also the key to determining the right to speak in the industry and the value of the company.

Regional agglomeration of capital empowerment,

More than 50% of the top 500 companies are located in the three major urban agglomerations.

Capital cohesion, the city breaks the circle.

The quantity and quality of listed companies is undoubtedly an important indicator to observe the economic vitality of a city, and it also reflects its economic development level and gold content.

Compared with previous years' data, 21 Data News Lab found that the headquarters of the latest top 500 companies are still concentrated in Beijing (101), Shanghai (56), Hong Kong (42), Shenzhen (39) and Taipei (27). The head effect is very significant, which is also related to the scale effect of industrial innovation.

Take Beijing as an example. As a national political and cultural center, on the one hand, it has gathered a large number of central enterprises such as the five major banks, PetroChina and Sinopec. On the other hand, it is also an incubation center for private technology companies. Internet giants such as Meituan, Xiaomi, and Baidu were born. So far, Beijing has 101 top 500 listed companies, with a total market capitalization of more than 21.93 trillion by the end of 2021, close to 25% of all top 500 companies.

Relatively speaking, Shanghai has many advantageous industries and the distribution of leading enterprises is relatively balanced. However, with the sharp shrinkage of the local "market value king", it has failed to win a place in the trillion market value club. Shenzhen, known as the city of innovation, has obvious advantages in finance, electronics, information technology and other fields.

It is worth mentioning that, as the main stronghold of the two major industries of finance and the Internet, the number of top 500 in Beijing, Shanghai, Guangzhou and Shenzhen has shrunk the most, with a total decrease of 23 compared with the previous year.

In terms of the distribution of the city clusters of the top 500 companies, the concentration is high but the regional characteristics are obvious.

21 Data News Lab noticed that the three strong economic urban agglomerations of Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta have gathered more than half of the top 500 companies with market capitalization.

Beijing-Tianjin-Hebei region in addition to Beijing, Tianjin, Langfang, Baoding have companies into the list;
The distribution of listed companies in the Yangtze River Delta is relatively more balanced, including 56 in Shanghai, 22 in Hangzhou, 9 in Ningbo and 8 in Jiaxing, with comprehensive industry coverage;
The industrial structure of listed companies in the Pearl River Delta is also diversified, and the manufacturing industry has obvious advantages. Private enterprises and innovative enterprises in Shenzhen account for the absolute main force.

The central and western urban agglomeration is slightly inferior, the urban distribution of the head listed companies tends to be scattered, and more reflected in the resource advantage. Many third-and fourth-tier cities have successfully broke through. For example, Guizhou Renhuai, Sichuan Yibin and Luzhou are the headquarters of Guizhou Maotai (600519.SH), Wuliangye (000858.SZ) and Luzhou Laojiao (000568.SZ) respectively, forming a triangular area for liquor production. The three have the same resource endowment in geographical location (the upper reaches of the Yangtze River, ensuring the quality of water sources), climate (subtropical, conducive to the reproduction of microorganisms), and raw material supply (Sichuan and Guizhou are rich in sorghum and wheat).

In terms of capital competitiveness, the short board of the capital cities in the central and western regions is more obvious. For example, although Chongqing has five on the list, but the overall ranking and market value is not satisfactory, only Zhifei Biology (300122.SZ) a into the top 200.

According to statistics from the 21 Data News Laboratory, as of December 31, 2021, there were about 80 Chongqing companies listed at home and abroad, with a market value of less than 10 billion, and they were mainly traditional industries, and there was no company listed on the Science and Technology Innovation Board. One. This was launched by the 21 Data News Lab a few days ago."Top 100 Internet Red Cities in 2021"Also reflected, Chongqing out of the top ten, industrial development index score is low.

Coincidentally, the top ten Internet celebrity cities such as Xi'an, Wuhan, and Changsha also lack a strong industrial foundation, and few companies have entered the top 50 market capitalization.

21 Data News Lab believes that listed companies, as leaders, are an important force in promoting urban economic development and industrial structure upgrading. For the above-mentioned central and western online red cities, it may be the key to maintain the "long red", cultivate listed companies in strategic emerging industries, and form industrial clusters.

Capital-enabled innovation and industrial transformation have also become the target of major cities. Chengdu is a typical example.

Judging from the changes in the number of the top 500 cities in each city, Chengdu has added 3 more than a year ago, both in terms of increment and stock (7), ranking first among the cities in the central and western regions. New public companies are also emerging rapidly. According to statistics from the 21 Data News Laboratory, a total of 20 companies in Chengdu will be listed at home and abroad in 2021. This number hit a record high, about twice that of 2020, and is second only to Suzhou and Hangzhou in the new first-tier cities. Among them, to the board of the IPO a total of 8, there is no shortage of polar rice technology (688696.SH) and other market value of 10 billion level of star enterprises.

"during the 14th five-year Plan period, we will strive to achieve a total of more than 200 listed enterprises at home and abroad in the city, with an average annual growth of more than 15, and support and guide scientific and technological innovation and new economic areas to increase the proportion of listed companies by more than 80%." The Chengdu Municipal Government issued the "Implementation Opinions on Promoting the Improvement of the Quality of Listed Companies" in April 2021.

In the future, what kind of changes will China's top 500 listed companies usher in? We will wait and see.