Today, the Shanghai Stock Exchange and CSI Index Co., Ltd. officially announced the release arrangement of the SSE STAR Market Growth Index (STAR Growth Index). After liquidity screening, STAR Growth Index has selected 50 listed companies with the highest overall growth performance as the index sample.
The STAR Growth Index sample has outstanding growth, showing good innovation and growth potential. The year-on-year growth rates of net profit and operating income disclosed in the 2022 semi-annual report of the sample securities reached 186.7% and 137.3% respectively; R&D investment continued to increase, with an amount of 9.73 billion yuan, a year-on-year increase of 118.6%, and R&D investment accounted for 8.1% of operating income; in terms of industry distribution, focus was on high-growth sectors, concentrated in power equipment, semiconductors, machinery manufacturing and medical industries; index features both growth and market representation, as the average daily market value of 20 companies among the samples in the past year was more than 20 billion yuan, with a total weight of 70.6%. Also included are leading stocks with a market value of over 100 billion yuan such as Daqo Energy and JinkoSolar.
The STAR Growth Index has a clear positioning, and takes the short- and medium-term operating income and net profit growth as the stock selection criteria, highlighting the growth capabilities of the constituent stocks, complementing the positioning of the STAR 50 Index, effectively expanding the coverage of the STAR Market index system. In the future, the Shanghai Stock Exchange will continue to improve the index system of the STAR Market, launch more featured indexes for the STAR Market, serve diversified investment needs, and promote the innovation-driven development strategy and high-quality economic development through indices and index investment.
On the same day, the CSI Global Semiconductor Industry Index and the CSI Global Semiconductor Materials and Equipment Index also announced their release arrangements, which will effectively form a series of semiconductor-themed indices covering stock markets in Shanghai, Hong Kong, Shenzhen and the U.S.
SSE STAR Growth Index Will Be Launched
CSI Global Semiconductor Index and Other Indices Will be Launched