Venture(US:VEMLY) Ren Min Wang·2025-09-29 14:00Core Viewpoint - Shenzhen Securities Information Co., Ltd. will launch the Shenzhen Specialized, Refined, Characteristic, and Innovative Index and the ChiNext Specialized, Refined, Characteristic, and Innovative Index on July 21, 2023, focusing on specialized and innovative enterprises in strategic emerging industries [1][2] Group 1: Index Overview - The indices are based on the Ministry of Industry and Information Technology's list of "Little Giant" enterprises, selecting 100 large-cap, liquid listed companies as samples for both the Shenzhen and ChiNext markets [2] - As of June 30, 2025, the total market capitalization of the Shenzhen Specialized Index is 1.5 trillion yuan, while the ChiNext Specialized Index stands at 1.3 trillion yuan, with average daily trading volumes of 41.6 billion yuan and 40.8 billion yuan respectively [2] - Since their base date at the end of 2018, the annualized returns for the Shenzhen and ChiNext Specialized Indices are 8.3% and 9.8%, outperforming the CSI 300 Index, which has a return of 4.4% [2] Group 2: Company Characteristics - The sample companies in the indices cover strategic emerging industries such as new-generation information technology, new materials, and high-end equipment manufacturing, with weightings of 86% and 89% respectively [2] - Projected revenue growth for 2024 is 15% for the Shenzhen Index and 14% for the ChiNext Index, with net profit growth of 6% and 10% respectively [2] - The compound annual growth rate for R&D expenses over the past three years is 20% for the Shenzhen Index and 19% for the ChiNext Index [2] Group 3: Market Impact - The launch of these indices is a practical measure to leverage the index market's representation and investment guidance functions, promoting the development of new productive forces led by technological innovation [3] - The Shenzhen Stock Exchange aims to enhance the development of index products in advantageous fields like specialized and innovative enterprises, guiding market resources towards technology-driven companies and providing diversified investment opportunities for investors [3]