Investing is to make profits by investing in real industries, rather than making profits by speculating on stocks.

Based on the entity industry means that investors should realize that the listed company itself is engaged in business operation,

An entity with a good return on net assets, its nature of a business entity is reflected in the following characteristics.

1) The authenticity of a listed company is reflected in its operation based on net assets.

(2) The usefulness of listed companies is reflected in their ability to provide products and services to the society.

(3) The profitability of listed companies in Shanghai and Shenzhen is reflected in good returns as a whole. In the past 30 years, the Shanghai and Shenzhen stock markets

During the year of operation, it has created a higher level of return on net assets. Average annual net profit calculated by compounding effect

more than 12%. 1. The overall performance of Chinese listed companies in overcoming difficulties is still excellent.

In the more than 30 years since the establishment of the Shanghai and Shenzhen stock markets, the average annual net profit calculated by the compound interest of its listed companies

The return on assets exceeds 12%, overcoming the epidemic and the ongoing Sino-US trade war in the past two years

In spite of the adverse effects and difficulties, the Company still achieved a return on net assets of more than 10%.

The status of good yields is clearly presented.

At the end of 2019 or at the beginning of 2020, the total net assets of listed companies in Shanghai and Shenzhen were 33.5 trillion yuan.

The net profit for the whole year of 2020 is 3.99 trillion yuan, of which 3.12 trillion yuan is in the Shanghai Stock Exchange, and the main board of the Shanghai Stock Exchange is 3.12 trillion yuan.

3.07 trillion yuan for the company, 0.05 trillion yuan for the Science and Technology Innovation Board, and 0.87 trillion yuan for the Shenzhen Stock Exchange.

At the end of 2020 or at the beginning of 2021, the total net assets of listed companies in Shanghai and Shenzhen will be close to 38 trillion yuan.

It can be statistically inferred from the disclosed annual report that the annual performance exceeds 4 trillion yuan.