Many departments have made a heavy voice to support private enterprises to become bigger and stronger. Comparative advantages such as flexibility and rapid decision-making, market orientation and competitiveness, and market-oriented incentive mechanism make the organizational efficiency of private enterprises higher. There are many leading private enterprises in A shares. According to the consistent forecast data of Wind, the fundamental growth rate of private enterprises leading 100 index companies is considerable in the next three years.
Hony far-away private enterprise ETF (159973) closely tracks the leading 100 index of state-owned private enterprises (399362.SZ), aiming at one-stop layout of excellent private enterprises listed on A shares, and capturing the growth dividend of such enterprises, which deserves the attention of investors.
Many departments have made a heavy voice to support private enterprises to become bigger and stronger. On August 30, 2023, the promotion meeting of financial support for the development of private enterprises was held. Relevant leaders such as the people's Bank of China, the State Administration of Financial Supervision and Administration, the Securities Regulatory Commission, the Shanghai Stock Exchange and the Shenzhen Stock Exchange attended the meeting. With high specifications and full personnel, it can be seen that the financial system attaches great importance to the financial services of private enterprises, how to promote the virtuous circle of finance and real economy, and how to continuously improve the loan treatment of private enterprises. In the critical period when finance supports the real economy, finance is becoming an important force.
Among the A-share listed companies, there are many private enterprises with large market capitalization. Looking at the private enterprise 100 index, there are 29 companies with a total market capitalization of more than 100 billion, 6 companies with a total market capitalization of more than 90 billion, and 5 companies with a market capitalization of more than 80 billion, representing the high-quality leaders in various fields. Private enterprises 100 index industry distribution is relatively scattered, of which power equipment new energy accounted for 27%, electronics accounted for 12%, medicine accounted for 10%? The comparative advantage of private enterprises is obvious. Flexibility and rapid decision-making, market orientation and competitiveness, and market-oriented incentive mechanism make private enterprises more efficient and productive.
The State Certificate Private Enterprise leading 100 Index (399362.SZ) selects listed companies whose actual control is non-state-owned, non-state-owned and non-foreign-controlled companies, excluding recent major losses and illegal companies, and selects companies with the highest market capitalization. It aims to comprehensively capture the growth dividend of high-quality private enterprises in Shanghai and Shenzhen stock markets.
The 100 index of private enterprises has good flexibility and has a higher earnings performance in the bull market, of which the earnings in 2020 is as high as 59.29%. Revenue forecasts for private enterprise 100 stocks in 2023, 2024 and 2025 are 17.69%, 18.65% and 16.46%, respectively. The growth rate of net profit is 11.16%, 26.59% and 21.32% respectively, which is expected to maintain a high growth rate in the future.
At present, the PE (TTM) of the private enterprise 100 index is 20.83 and the PB is 3.5, which is at a relatively low level in history and has a good room to rise.
Hony far-away private enterprise ETF (159973) closely tracks the leading 100th index of state-owned private enterprises, aiming at one-stop layout of excellent private enterprises listed on A-shares, and capturing the growth dividend of such enterprises, which is worthy of investors' attention.
The ETF fund manager of Hongyi far away private enterprise is Mr. Ma Jia. He joined Hony far Fund Management Co., Ltd. in July 2018 and is currently the General Manager of the Financial Engineering Department of Hony far Fund Management Co., Ltd. Prior to joining Hongyi remote Fund Management Co., Ltd., Mr. Ma Jia served as a director of the Compliance and risk Management Department of Pacific Asset Management Co., Ltd., and the Manager of Enterprise risk Management Services of Deloitte Huayong Accounting firm.
Have rich experience in active investment and passive product management.
Risk Tip: the report calculates index performance and component company performance based on historical data. The past performance of fund products does not represent future performance.
