Sigmstar is listed on the ChiNext board of the Shenzhen Stock Exchange on March 28. [Photo/ Sigmstar]

Sigmstar, an enterprise of Xiamen Torch High-tech Industrial Development Zone, was listed on the ChiNext board of the Shenzhen Stock Exchange on March 28. The opening price was 48 yuan ($6.64) per share, a staggering increase of 197.03 percent. 

This marks the first A-share listing of a Xiamen-based company this year, bringing the total number of Xiamen-listed companies with a market value exceeding 10 billion yuan to 18. Sigmstar currently has a market value of 20.21 billion yuan.

Since 2020, a total of 20 Xiamen-based enterprises, including Sigmstar, have been listed on the A-share market. Most of the enterprises belong to strategic emerging industries and future industries, which are the main drivers of the development of new productive forces. These companies focus on areas such as semiconductors, high-end manufacturing, new materials, artificial intelligence, and life and health.

The "100 billion club" accounts for 27.3 percent of Xiamen's total A-share listed companies, with 12 of them engaged in strategic emerging and future industries.

In recent years, the market value of listed companies in Xiamen has been increasing. In addition to State-owned listed companies such as Xiamen ITG Group, Xiamen C&D, and Xiamen Xiangyu, emerging industries and privately-owned capital companies have continued to grow.

Companies with high dividends tend to be those with a focus on investor returns. In recent years, Xiamen-listed companies have emphasized investor returns, showcasing not only mature and progressive corporate governance but also a positive contribution to the healthy development of the capital market.