Sou Hu Cai Jing·2026-01-06 16:31Core Viewpoint - The development of the A-share market in Shandong has significantly contributed to the high-quality economic growth of the region, with a notable increase in both the number and market capitalization of listed companies over the past 32 years [1][7]. Group 1: Historical Development - The first A-share company in Shandong, Qingdao Beer, was listed in 1993, marking the beginning of a rapid expansion in the region's capital market [5]. - By the end of 1993, the market capitalization of Shandong listed companies was 9.6 billion yuan, which has grown to 4.79 trillion yuan by December 2025 [5][1]. - The number of A-share companies in Shandong reached 310 by 2023, with a market capitalization of 3.46 trillion yuan, reflecting a significant increase in both quantity and quality [7]. Group 2: Economic Contributions - In the first three quarters of 2025, Shandong A-share companies collectively achieved revenue of 2.30 trillion yuan, contributing to regional economic development [1][11]. - The total market capitalization of Shandong state-owned A-share companies reached 1.85 trillion yuan, accounting for nearly 40% of the overall market capitalization of the Shandong sector [10]. Group 3: Performance Metrics - In 2025, Shandong A-share companies reported a net profit of 737 billion yuan, representing 46% of the total net profit of the Shandong sector [10]. - Among the 310 listed companies, 251 were profitable, with 63 companies achieving profit growth year-on-year [11][10]. Group 4: Innovation and R&D - Shandong listed companies have increased their R&D investments, with 173 companies reporting a year-on-year increase in R&D expenses in 2025 [12]. - Notable companies such as Haier Smart Home and Weichai Power have significantly increased their R&D expenditures, with Haier reaching 10.74 billion yuan [13][14]. Group 5: Future Outlook - The continuous growth and innovation of Shandong listed companies are expected to drive further economic development and industrial upgrades in the region [15].