Shenzhen Stock Exchange and its wholly-owned subsidiary, Shenzhen Securities Information Co., Ltd., have announced that they will implement the regular adjustment to constituents for the indices including Shenzhen Component Index, ChiNext Index and Shenzhen 100 Index in accordance with the index compilation rules. The adjustment will be formally implemented on 16 June 2025. The Shenzhen Component Index will replace 20 constituents with 10 Main Board-listed companies and 10 ChiNext-listed companies. The ChiNext Index will replace 8 constituents. The SZSE ChiNext 50 Index will replace 5 constituents. The Shenzhen 100 Index will replace 3 constituents with 1 Main Board-listed company and 2 ChiNext-listed companies.

Representing the development direction of new quality productivity. The SZSE indices gather a large number of main new quality productivity, demonstrating new momentum and advantages in multiple dimensions. In the ChiNext Index, strategic emerging industries accounted for 92% of the weight. Among them, next-generation information technology, NEV, and biology industries showed outstanding advantages, accounting for 34%, 24% and 12% respectively. In the new constituents, R&D investment in 2024 increased by an average of 10%; 22 companies invested more than CNY 1 billion in R&D, and 17 registered constituents increased their weight to 7%, injecting new momentum into the index. In the Shenzhen 100 Index, strategic emerging industries increased their weight proportion to 76%. Among them, the three key areas, namely, advanced manufacturing, digital economy and green and low-carbon area, accounted for 73% of the weight. In the SZSE ChiNext 50 Index, high-growth industrial clusters such as new energy, AI and financial technology showed outstanding advantages, accounting for 34%, 21% and 16% respectively.

More stable "core foundation" of the real economy. The Shenzhen Component Index is one of the benchmark indices with the highest proportion of manufacturing in the A-share market. After the adjustment, the weight of manufacturing constituents will account for 73%. In 2024, 211 companies achieved growth in income and profit. Since the 14th Five-Year Plan, the ChiNext Index constituents have showed strong fundamental growth, with the compound growth rate of operating income and net profit of its constituents being 21% and 14%. The Shenzhen 100 Index, a flagship index of SZSE market, gathers new-quality blue-chip companies with distinctive characteristics of large-cap growth. In 2024, its constituents accounted for fewer than 4% of the constituents in the SZSE market but contributed 36% of the operating income and 77% of the net profit of the SZSE market. In the SZSE ChiNext 50 Index, about 50% of its constituents realized net profit increase by more than 10% year-on-year in 2024.

Better serving medium- and long-term capital flow into the market. The quality and investment value of listed companies are important factors that affect the medium- and long-term capital flow into the market. In the new constituents for the Shenzhen Component Index, about 60% have formulated and issued the action plan for "improvement in quality and return", and about 30% have formulated the market value management system, to enhance investors' sense of gain through practical actions. The ChiNext Index is positioned as both a benchmark index and an investment target of the ChiNext market. The adjustment formally introduces the ESG negative screening exclusion mechanism and the individual equity weight cap mechanism. In the new constituents, 60% have achieved the CNI ESG Rating of A or above, and the weight cap of a single constituent is 20%, further strengthening the index's robustness, and enhancing its characterization and investment functions. In the Shenzhen 100 Index, constituents continue to play an exemplary role in guiding the concept of value investment. In 2024, the cumulative total dividends exceeded CNY 270 billion, accounting for 53% of SZSE market; and the average ROE reached 11%, providing a good allocation tool for medium- and long-term capital.