作者丨CV
本期我們將從公司類型和上市情況看A股上市公司
公司類型
國有企業占比近六成。 從所有制結構看， “義利 99”中的國有企業共 59 家， 其中央企 39 家、地方國企 20 家， 占比 59.60%； 民營企業共 24 家， 占比 24.24%， 呈現國有、民營共創社會價值的態勢。 我們看到， 由於所有制基因， 國企尤其是央企在提升社會福祉和促進環境保護方面發揮了示範作用；難能可貴的是， 面對激烈的市場競爭， 正泰電器、中興通訊和比亞迪等 24 家民營企業義利並舉謀求發展， 從強手如林的滬深 300 躋身進入了“義利 99”。
上市情況
主機板為主、上交所居多。
上市年限 5-10 年居多。 從上市年限看， 截至 2017 年 9 月， “義利 99”中上市時間最短的是上海銀行（601229.SH）， 不滿一年；時間最長的是萬科 A（000002.SZ）， 近 27 年。 上市時間 5- 10 年的公司最多， 共 40 家， 占比40.40%。
結合之前內容， 從總體“義利 99”基本畫像的八個方面來看， 上榜公司具備了義利並舉的基本特徵。 在義利並舉方面， 均已超過商業回報底線和社會福祉底線；在行業分佈方面， 全行業覆蓋， 但工業、金融類企業佔據了半壁江山；在區域分佈方面， 80 家在東部地區， 聚集在環渤海、長三角與珠三角三大經濟區；在收入規模方面， 營收超千億元的公司占比 43.43%；在納稅總額方面，
相比於僅以經濟指標論成敗， “義利 99”所評價的是經濟、社會和環境綜合效益；相比於僅考慮當下市值， “義利 99”穿透式考察了企業的持續發展和創造價值的能力。 如果說重資產、高利潤、大市值的上市公司， 是中國“富起來”的支柱， 那麼經濟、社會和環境貢獻均居前列的上市公司， 則更有可能成為“強起來”的棟樑。
English Version
The basic profile of SV 99 companies is presented from 2 perspectives:ownership types and years of listing.
Ownership Types
Nearly 60% are SOEs
In terms of the ownership structure, there are 59 state-owned enterprises (59.60%), including 39 directly controlledby the central government, and 20 by local authorities, and 24 private companies (24.24%), indicating that theSOEs and private companies are creating social value head to head. While SOEs, especially those directly controlledby the central government, are playing a demonstrative role in improving people’s well-being and protecting theenvironment, it is worth noting that the 24 private companies, such as Zhejiang Chint Electrics, ZTE and BYD, arepracticing a balanced DW & DG despite the fierce market competition, outshining the rest CSI 300 companies.
Years of Listing
Mostly Listed on the Main Board and SSE
Among the SV 99 companies, there are 86 (86.87%) listed on main board, 12 (12.12%) on SME board, and 1(1.01%)on ChiNext, which is in consistent with the composition of CSI 300, while 69 (69.70%) are SSE-listed and 30 (30.30%)listed on Shenzhen Stock Exchange (SZSE).
The Majority Have a 5 to 10 Year-History of Listing
As of September 2017, Bank of Shanghai (601229.SH) has been listed for less than 1 year, and China Vanke (000002.SZ) over 27 years, being the youngest and oldest SV 99 listed companies respectively. Companies with 5 to 10 yearsof listing take up the majority – 40 companies accounting for 40.40%.
Instead of only assessing economic indicators, SV 99 takes into account thesynchronized social, economic and environmental benefits. In addition to currentmarket valuation, SV 99 also examines their sustainability and value creation capability.While the listed companies with heavy assets, high profits and strong market valueare the pillars of China’s prospering economy, it is safe to say that the ones rankinghigh in economic, social and environmental contributions are more likely to foster thefoundation for China’s rising national strength.