On December 2, SZSE and its wholly-owned subsidiary, Shenzhen Securities Information Co., Ltd., announced the regular adjustment to constituent stocks of the Shenzhen Component Index, ChiNext Index, and Shenzhen 100 Index (hereinafter collectively referred to as the "SZSE core indices"). Based on index methodology, the adjustment takes into account factors such as market capitalization representation, liquidity of securities, and regulatory compliance of listed companies and has been effective since December 16, 2024. The Shenzhen Component Index will have 19 constituent stocks replaced, introducing 14 Main Board companies and five ChiNext companies. The ChiNext Index will have seven constituent stocks replaced. The Shenzhen 100 Index will have six constituent stocks replaced, introducing four Main Board companies and two ChiNext companies.

The level of technological innovation has become even more prominent. Following this adjustment, the structure of the SZSE core indices will be further optimized, enhancing their representation of new growth drivers and emerging advantages. The Shenzhen Component Index is a benchmark index with the highest proportion of manufacturing sector weight in China's capital market, with manufacturing sector constituent stocks accounting for over 70% of the index weight. Among them, 222 companies belong to the advanced manufacturing sector, and industries in the real economy represent over 90% of the index weight. The ChiNext Index, which represents growth-oriented, innovative, and entrepreneurial enterprises, highlights new quality productive forces, with 92% of its weight concentrated in strategic emerging industries. Notably, the weights for next generation information technology, new energy vehicles, and the biotechnology industry are 33%, 23%, and 15%, respectively. The Shenzhen 100 Index is a large-cap index emphasizing innovation, with 69% of its weight focused on key sectors such as advanced manufacturing, digital economy, and green and low-carbon industries. Constituent companies have demonstrated strong R&D investment, with a 26% compound annual growth rate (CAGR) in R&D expenditures over the past three years.

The momentum for growth and development remains robust. The constituent companies of the SZSE core indices continue to strengthen their core competitiveness and enhance their organic growth potential. Among the Shenzhen Component Index constituents, 116 companies are recognized as leading champions in specialized manufacturing sectors. About 30% of these companies reported a year-on-year growth of over 10% in both revenue and net profit for the first three quarters. The next generation information technology industry in the ChiNext Index has demonstrated robust growth, achieving a 41% year-on-year growth in revenue and a 38% year-on-year increase in net profit in the first three quarters. The Shenzhen 100 Index includes industry-leading enterprises with strong international competitiveness, steadily expanding their overseas operations. Over the past three years, these companies have achieved a CAGR of 27% in overseas revenue.

The long-term investment value has been steadily improving. The constituent companies of the SZSE core indices prioritize investor returns, continuously reinforcing their exemplary role in promoting value investing. Since the beginning of 2024, constituent companies of the Shenzhen Component Index have distributed a cumulative RMB 387.6 billion in dividends, accounting for 77% of total dividends in the SZSE market. More than 50% of the companies have formulated and issued "quality and return enhancement" action plans, and 196 companies have carried out share repurchase plans, which is conductive to boosting market confidence. The ChiNext Index has become a preferred choice for incremental capital investing in innovative and growth-oriented enterprises. The scale of related products continues to expand, with significant capital inflows into major ETFs, totaling nearly RMB 50 billion this year, including ETF products with a scale exceeding RMB 100 billion. The cumulative dividends of Shenzhen 100 constituent companies totaled RMB 252.3 billion, accounting for 50% of the SZSE market. The index's rolling return on equity (ROE) reached 13%, providing an excellent allocation tool for medium- to long-term capital.