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The Zhongguancun (Z-Park) listed companies association held a press conference on August 3 to publish the 2016 Z-Park listed companies competitiveness report, with the president of the Association and CEO of Sinovac Biotech, Yin Weidong; the director of the administrative committee of Zhongguancun Haidian Science Park, Guo Hong; its deputy director, Wang Rufang; professor of Guanghua School of Management, Peking University, Dong Xiaoying and many other officials and experts on hand.
The association formed a research group to analyze annual report data of Z-Park listed companies in 2012. Its competitiveness reports have become a tool to measure operating conditions of these companies over the past five years. This year, the association has invited more experts to work on the report to describe Z-Park listed companies' potential.
According to the 2016 report, which collected the 2015 annual data of listed companies, the total revenue of Z-Park listed companies rose 28 percent to 2.34 trillion yuan, the total gross profit 33 percent to 469.4 billion yuan and the total net profit 18 percent to 90.2 billion yuan. Eighty-four percent, or 201, of the listed companies, 159 of which are listed on domestic markets and 42 of which are on overseas exchanges, made profits totaling 120.6 billion yuan.
Although the pace of China’s economic growth slowed down in 2015, Z-Park has seen a rapid rise of its listed companies' revenue much faster than the average 2.6 percent increase in Chinese A-share firms, which shows great potential for Z-Park high-tech companies.
