Beijing Stock Exchange "Big Family" surpasses 300 members; focus on six key data points

Ask AI · How do Beijing Stock Exchange “Specialized, Innovative, Quality and New” enterprises lead the wave of industrial innovation?

CNFinance (Cailianshe), March 20 — (Reporter Lin Jian) On March 20, with Xin Hengtai officially listed on the Beijing Stock Exchange, the number of listed companies on the Beijing Stock Exchange with existing shares successfully surpassed 300.

As the 300th listed company on the Beijing Stock Exchange, Xin Hengtai focuses on R&D, manufacturing, and sales of functional high-performance polymer foaming materials. Its public offering price was 9.40 yuan, and the opening price on its first trading day was 21.00 yuan, an increase of 123.40%. The number of valid online subscription accounts reached 583,500, attracting significant market attention.

Reaching over 300 listed companies on the Beijing Stock Exchange is an important milestone in its development history. Overall, these 300 companies mainly form an innovation-driven clustering effect of small and medium-sized enterprises around industry chains such as new energy, biopharmaceuticals, and automotive manufacturing. They demonstrate strong growth in operations, standardized governance, and social responsibility, showing a good development trend.

Currently, the Beijing Stock Exchange has emerged as a key main platform for serving innovative small and medium-sized enterprises. CNFinance has reported in “The Beijing Stock Exchange IPOs Accelerate; Over 5 Companies Listed in One Week, New Shares Make Up 52% of the Market and Become the Main Battlefield.” The Beijing Stock Exchange is reshaping “Specialized, Innovative, Quality and New” as a high threshold, shifting review focus from financial compliance to core technological capabilities, and opening a fast track for capital to support innovative enterprises.

Highlight 1: Manufacturing companies account for 83%

The innovative characteristics of the 300 listed companies on the Beijing Stock Exchange are particularly prominent. Their industry distribution covers 11 categories and 37 major sectors, with manufacturing companies accounting for 83%, and information technology accounting for 9%. They are precisely focused on the development track for innovative small and medium-sized enterprises. In terms of corporate qualifications, nearly 60% of these companies are included in the national-level “Little Giant” list of “Specialized, Innovative, Quality and New” enterprises, over 80% are provincial or municipal “Specialized, Innovative, Quality and New” enterprises, and 12 companies have received national-level “Single-Item Champion” certification.

These companies deeply cultivate niche markets, hold core technologies, and have become the backbone of industrial transformation and upgrading. For example, Minshida first overcame the “bottleneck” technology in the aramid paper field, breaking foreign monopolies, and its “meta-aramid paper” was recognized as a national patent-intensive product. Xin Hengtai, newly listed, also focuses on functional high-performance polymer foaming materials and has become a high-quality representative in its specialized track through technological innovation.

Highlight 2: 140 companies achieve net profit growth in 2025

Beijing Stock Exchange listed companies demonstrate strong operational resilience, as reflected in their 2025 performance reports. Data shows that the average operating revenue of these 300 companies reached 731 million yuan, an increase of 5.38% year-over-year. Beterri, Yinuowei, and Tongli Co., Ltd. ranked top three by revenue, with 170 billion yuan, 75 billion yuan, and 66 billion yuan respectively. The average net profit was 43.3248 million yuan, with an overall profitability rate of 83.39%. Thirty-eight companies reported net profits exceeding 100 million yuan, with Beterri, Tongli Co., Ltd., and Kaifa Technology leading at 899 million yuan, 858 million yuan, and 707 million yuan respectively.

In terms of profit growth, 140 companies achieved year-over-year increases in net profit in 2025, with 39 exceeding 50%. Under the triple pressures of demand contraction, supply shocks, and weakening expectations, the risk resistance and operational resilience of small and medium-sized enterprises on the Beijing Stock Exchange continue to stand out.

Highlight 3: Total R&D expenses reach 4.139 billion yuan

R&D-driven development has become the core engine for the growth of listed companies on the Beijing Stock Exchange. Technological innovation and achievement transformation are accelerating. According to the 2025 semi-annual reports, the 300 companies’ combined R&D expenses totaled 4.139 billion yuan, an increase of 2.59% year-over-year. High-tech sectors such as information technology and biopharmaceuticals lead in R&D intensity, with eight companies like Changuang Medical investing over 30% of their operating revenue in R&D. Four companies, including Beterri, have R&D expenditures exceeding 100 million yuan.

Many companies are advancing core technologies in frontier niche fields, supporting the development of new productive forces. For example, Chuangyuan Xinco actively develops 6G technology testing, joining the IMT-2030 (6G) Promotion Group. Its joint project “Prototype Testing and Verification of 6G Basic Chips for New Network Types” has successfully passed acceptance, exemplifying technological innovation among companies on the Beijing Stock Exchange.

Highlight 4: All have established internal systems as required

Public information shows that all 300 listed companies have established internal control systems as required, including appointing independent directors, setting up audit committees and internal audit departments, and building internal verification mechanisms for information disclosure documents. Their internal control systems are gradually becoming more complete. In terms of information disclosure, companies frequently showcase their operational results through visual formats such as infographics and videos, greatly improving the readability of their performance data.

In investor relations management, in 2025, companies on the Beijing Stock Exchange received nearly 8,000 institutional investor visits, an increase of about 10% year-over-year. They actively participate in themed activities such as “Beizheng Leading the Way” and “Future of Smart Manufacturing.” All companies have dedicated personnel to answer investor hotline calls. During the annual report disclosure period, many companies launched visualized annual reports, and all held earnings presentation meetings where chairmen and CEOs personally responded to investor questions, facilitating in-depth communication.

Highlight 5: Over 90% of profitable companies have completed dividends

The awareness of returning value to investors among companies on the Beijing Stock Exchange continues to strengthen, with a growing sense of social responsibility. In 2025, 288 companies implemented 255 profit distribution events, with total cash dividends reaching 6.4 billion yuan. Over 90% of profitable companies completed dividends, and more than 60% of companies distributed dividends exceeding 30% of net profit, sharing corporate growth results with investors. Regarding share repurchases, since the market opening, 95 companies have disclosed 128 share repurchase plans, with a total repurchase upper limit of 2.957 billion yuan, effectively boosting market confidence.

Highlight 6: Average financing per company exceeds 200 million yuan

The financing function of the Beijing Stock Exchange’s capital market platform continues to be released, with mergers and acquisitions, restructuring, and equity incentive tools becoming important supports for corporate innovation and development. Data shows that the 300 listed companies have cumulatively raised over 64 billion yuan through public offerings, with an average financing amount exceeding 200 million yuan per company, providing strong capital support for capacity expansion and technological upgrades.

In industry integration and technological upgrading, Wuxin Tunnel completed major asset restructuring, acquiring Xingzhong Technology and Wuxin Heavy Industry, achieving coordinated development. Jibobo Bio’s private placement was successfully registered, with funds planned to upgrade its core humanized collagen business and to introduce strategic investor Yangshengtang. For equity incentives, 97 companies launched stock option or employee shareholding plans, covering over 6,200 core technical and management personnel, tightly linking compensation incentives with company performance. Meanwhile, recent measures to optimize refinancing procedures by the Beijing Stock Exchange have been implemented, with Haineng Technology becoming the first to disclose simplified refinancing, further aligning “small-amount and rapid” financing channels with the needs of innovative small and medium-sized enterprises.

(CNFinance reporter Lin Jian)