Today (January 27), the sentiment in the A-share market cooled again. The Shanghai index fell below the 3400 point mark, the gem index fell by more than 3%, and more than 4000 shares in the two cities fell again, with 109 stocks falling by the limit. With the disturbance of overseas markets and events, risk aversion continues to rise. At the same time, with the approaching of the Spring Festival, market risk appetite is more cautious. Investors also tend to be safe before the long holiday. Since this week, the market has fallen for days and individual stocks have also fallen sharply. In addition to the turbulence in overseas markets affecting the mood of a shares, the recent thunderstorm in the performance of some stocks also increased the number of down limit shares.
The performance of Shenzhen Infinova Limited(002528) suffered a significant loss in advance, and the first to meet the limit after two boards
Today (January 27) morning, Shenzhen Infinova Limited(002528) released the performance forecast for 2021. The company’s net profit attributable to shareholders of listed companies is expected to lose 900 million yuan to 1.35 billion yuan, a decrease of 1128.57% to 1642.86% over the same period last year. The company said that in the past, the acquired equity formed a certain amount of goodwill. During the reporting period, the operating conditions of the acquired subsidiaries were affected by the changes in the industry market environment, the performance fell sharply, and the signs of goodwill impairment were prominent. Stimulated by the news, the Shenzhen Infinova Limited(002528) opening limit of two consecutive boards has been obtained this week
note: Shenzhen Infinova Limited(002528) limit today (closing on January 27)
In addition to Shenzhen Infinova Limited(002528) , many companies fell sharply due to the impact of pre loss of performance. The same security equipment stock Joyware Electronics Co.Ltd(300270) fell 19% today. The announcement shows that the company expects the net profit and net loss attributable to the shareholders of the listed company to be 34 million yuan to 51 million yuan. The performance loss is mainly due to the large balance of receivables in previous years, long aging and large provision for credit impairment loss. Beijing Interact Technology Co.Ltd(300419) also fell sharply by 11% today. The company expects the net profit loss attributable to the shareholders of the listed company to be 28 million yuan – 39 million yuan, while the profit in the same period last year was 22.2823 million yuan, turning from profit to loss year-on-year.
nearly 200 listed companies made losses in advance, and pork and thermal power became the hardest hit areas
As of January 27, 1470 listed companies have disclosed their performance forecasts for 2021. A total of 1251 listed companies have positive net profit attributable to their parent company (lower limit), and 219 listed companies have net performance losses, including Wens Foodstuff Group Co.Ltd(300498) , Baiji Shenzhou’s net profit attributable to their parent company (lower limit) losses of more than 10 billion yuan, Kaile Science And Technology Co.Ltd.Hubei(600260) , * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) , {6000226} losses of more than 5 billion yuan, Tech-Bank Food Co.Ltd(002124) , Jiangsu Zhongli Group Co.Ltd(002309) , Guangdong Electric Power Development Co.Ltd(000539) , Huaneng Power, Tiza Information Industry Corporation Inc(300209) The losses of listed companies such as Shenyang Jinshan Energy Co.Ltd(600396) ranked first
note: listed companies with a loss of more than 1 billion at the lower limit of net profit attributable to the parent company in 2021 (as of January 27)
Pork stocks Wens Foodstuff Group Co.Ltd(300498) temporarily ranked first with a net loss of 13 billion yuan to 13.8 billion yuan, down 275.06% to 285.84% over the same period last year. The company announced that the price of live pigs fell sharply. At the same time, due to the continuous rise in the price of feed raw materials, the fattening of some pig seedlings purchased by the company, the continuous promotion of pig breeding optimization and other factors, the profit of the company’s pig breeding business decreased significantly year-on-year, resulting in deep losses. The Tech-Bank Food Co.Ltd(002124) which is also the pork sector is also temporarily ranked sixth on the list. The deep losses of the company are also mainly from the pig breeding business.
At present, pork prices remain low and the industry generally continues to suffer losses. The market is concerned about when the pig cycle will usher in an inflection point. Huaxi Securities Co.Ltd(002926) believes that, with reference to historical experience, the traditional pork consumption is off-season after the Spring Festival, while the pork supply side is still relatively loose before the second quarter, the probability of pig price remains volatile and downward, the industry is still in a state of loss, and the process of capacity removal may be accelerated. At present, the time when the industry expects the most pessimistic is over. The downward trend of pig price will continue to reduce the stock of breeding sows, and the inflection point of pig cycle will accelerate. From the current time node, the average market value of some high-quality pig breeding stocks has fallen to a historically low level, and the configuration window has been gradually opened.
In addition to the pork sector, thermal power generation stocks are also at the top of the list of net losses, Guangdong Electric Power Development Co.Ltd(000539) , Huadian Energy Company Limited(600726) , Shenyang Jinshan Energy Co.Ltd(600396) , Shanghai Electric Power Co.Ltd(600021) , An Hui Wenergy Company Limited(000543) , Zhejiang Zheneng Electric Power Co.Ltd(600023) net profit attributable to the parent (lower limit) all lost more than 1 billion yuan. According to the announcements of various companies, the pre loss of performance is mainly due to the significant year-on-year rise of coal price during the reporting period and the upside down of the company’s power generation and heating costs. With the improvement of coal supply and the improvement of the long-term association pricing mechanism, some institutions pointed out that the performance of the thermal power industry is expected to improve in 2022. In addition, the transformation of some thermal power enterprises to new energy power is also expected to improve the competitiveness of the company.
