SINGAPORE, 1 January 2019 –Invengo Was Selected into “Nanshan 50” Index
On the occasion of the 30th anniversary of the establishment of Nanshan District and the 20th anniversary of Invengo, Shenzhen Invengo Information Technology Co., Ltd. (Stock Code: 002161, stock abbreviation: Invengo) was selected into the National Securities “Nanshan 50” Index issued by Shenzhen Securities Information Co., Ltd., a subsidiary of Shenzhen Stock Exchange. Wu An, senior vice president of Invengo, Song Chenxi, CFO, and Ma Lin, secretary of the Board of Directors, were invited to attend the Nanshan 50 Index listing ceremony held at Shenzhen Stock Exchange.
Wang Lixin, vice mayor of Shenzhen, Wang Qiang, Huang Xiangyue, Rao Honglei, Chen Jun, Hu Yun, Lian Cong, He Jie, director of Regional Finance Supervisory Bureau, Yang Zhihua, deputy secretary of the Party Committee and chief supervisor of Shenzhen Stock Exchange, Li Hui, deputy general manager of Shenzhen Stock Exchange, attended the activity.
“Nanshan 50” Index is selected from the stocks listed in Shenzhen Stock Exchange and Hong Kong Stock Exchange (excluding the new OTC market), which were registered in Nanshan and ranked in the top 50 in market value. The index is listed on the Shenzhen Stock Exchange to show the economic strength of listed enterprises in Nanshan and expand the popularity of Nanshan. In the whole country, there are also “Zhongguancun 50”, “CSI 300 Index”, “Shanghai Stock Exchange 50”, and “Xiangmi Lake Financial Technology Index” issued by Futian District.
According to the “Test Report of Nanshan 50 Index and Nanshan Composite Index” compiled by Shenzhen Nanshan District Bureau of Industry and Information Technology and Shenzhen Securities Information Company through multi-dimensional analysis of listed enterprise data in the jurisdiction, all indicators of Nanshan Index outperformed the market and domestic well-known indexes such as “CSI 300 Index”, “Zhongguancun 50”. From the end of 2012 to the end of September 2019, the cumulative returns of Nanshan 50 and Nanshan Composite Index are similar, which are about 131%, significantly ahead of CSI 300 Index (53%), Shanghai Stock Exchange 50 (59%) and Zhongguancun 50 (48%); the annualized return is about 13%, which is 6.5% for CSI 300, 7% for SSE 50 and 6% for Zhongguancun 50. It has obvious advantages for similar regional scale index of A-share, which fully reflects the high-quality economic development of Nanshan District.
The Nanshan Index comprehensively investigates the company’s market value, industry representativeness and innovation influence. The index has obvious industry characteristics and strong investability. It sets a sample benchmark for scientific and technological innovation enterprises in Shenzhen and even the whole country, and provides high-quality standards for investors to share regional and industrial development achievements. It is of great significance for Shenzhen to give full play to scientific and technological innovation and lead the construction of pioneer demonstration zone.
Invengo, as a benchmark enterprise in RFID industry, was listed in Shenzhen Stock Exchange in August 2007, and it is also the first listed enterprise in RFID field. After 20 years of unremitting efforts and intensive cultivation, Invengo has strongly supported the development strategy of “scientific and technological innovation + headquarters economy” in Nanshan District, and has become an important force for regional high-quality development. This time, Invengo, together with Tencent, ZTE, Mindray and other industry leading enterprises, has been shortlisted in the sample stocks of Nanshan 50 Index of national securities, which fully reflects the recognition to Invengo in the capital market! At the same time, it will also help Invengo attract more attention and support in the capital market and improve the governance level.
The listing of Nanshan Index can not only create a new financial image for Nanshan, expand the global influence of world-class innovative urban area, but also promote investors to research and invest in Nanshan listed enterprises, which is conducive to improving the level of corporate governance of listed companies and providing strong support for Nanshan to cultivate more listed enterprises in the future. Holding this heavyweight new financial image, we look forward to Invengo’s brilliant achievements on the road of scientific and technological innovation.