Recently, the annual reports of leading companies from pharmaceutical, nonferrous metals, food and beverage, electrical equipment and other industries have been disclosed one after another. According to the data, as of January 26, 36 listed companies with a market value of more than 100 billion yuan have released the performance forecast of 2021 annual report. On the whole, the performance of these high market capitalization listed companies is generally excellent, with more than 90% of the pre happy (including slight increase and pre increase). Specifically, a total of 5 listed companies increased slightly, 28 listed companies increased in advance, 1 first loss, 1 continued loss and 1 pre reduction.
annual report of 900 billion listed companies
In terms of net profit, the net profit attributable to the shareholders of the seven “100 billion” listed companies exceeded 10 billion yuan in 2021. Petrochina Company Limited(601857) , Cosco Shipping Holdings Co.Ltd(601919) , Kweichow Moutai Co.Ltd(600519) ranked among the top three in the list of net profits of listed companies with a market value of 100 billion in 2021.
According to the announcement of performance increase in 2021, the net profit attributable to the company’s shareholders in 2021 is expected to increase by 71 billion yuan to 75 billion yuan (RMB, the same below) compared with the same period of last year, an increase of 374% to 395%; Compared with the same period in 2019, it will increase by 44.3 billion yuan to 48.3 billion yuan, an increase of 97% to 106%, and an average increase of 40% to 43% in two years, the best level in the same period in recent seven years. Cosco Shipping Holdings Co.Ltd(601919) it is estimated that the net profit attributable to shareholders of Listed Companies in 2021 will be about 89.28 billion yuan, an increase of about 79.35 billion yuan compared with the same period of last year, a year-on-year increase of about 799.3%. According to the announcement of Kweichow Moutai Co.Ltd(600519) , in 2021, the company is expected to realize a net profit of about 52 billion yuan attributable to shareholders of listed companies, with a year-on-year increase of about 11.3%.
In addition, although most of the 100 billion listed companies are industry leaders and have a large performance base as a whole, the performance of many 100 billion listed companies still “ran” a high growth rate in 2021. According to the data, from the perspective of the lower limit of forecast net profit growth, among the 36 100 billion listed companies that issued the forecast, 24 had a lower limit of net profit growth of more than 50%, accounting for nearly 67%; Another 17 100 billion listed companies doubled their net profits. The growth rate of net profit attributable to shareholders of Listed Companies in Cosco Shipping Holdings Co.Ltd(601919) , Hoshine Silicon Industry Co.Ltd(603260) and Inner Mongolia Baotou Steel Union Co.Ltd(600010) 2021 ranked among the top three, with 799.3%, 505.28% and 501.05% respectively.
There are also three listed companies with a market value of 100 billion yuan, including two pig raising enterprises Muyuan Foods Co.Ltd(002714) , Wens Foodstuff Group Co.Ltd(300498) and Shanghai International Airport Co.Ltd(600009) . According to the announcement, the company expects to achieve a net profit of 6.5 billion yuan to 8 billion yuan attributable to shareholders of Listed Companies in 2021, a year-on-year decrease of 70.86% to 76.32%. Wens Foodstuff Group Co.Ltd(300498) it is estimated that the loss in 2021 will be 13 billion yuan to 13.8 billion yuan, a year-on-year decrease of 275.06% to 285.84%.
As the leader of pig raising enterprises, Muyuan Foods Co.Ltd(002714) said in the announcement that the number of pigs sold by the company during the reporting period increased significantly compared with the same period of the previous year. However, due to the gradual recovery of China’s pig production capacity, the pig price in 2021 decreased significantly compared with the same period of the previous year, resulting in a significant decline in the company’s operating performance in 2021 compared with the same period of the previous year. The risk of pig market price change is the systematic risk of the whole pig production industry. For any pig producer, it is an objective and uncontrollable external risk.
In addition, Shanghai International Airport Co.Ltd(600009) the net profit attributable to shareholders of listed companies is expected to be – 1.78 billion yuan to – 1.64 billion yuan in 2021. Shanghai International Airport Co.Ltd(600009) said that the passenger throughput and the completion of aircraft take-off and landing sorties of Pudong Airport in 2021 were lower than expected at the beginning of the year. The epidemic spread in many places in China limited the recovery and growth of the business volume of Chinese routes. Due to the global epidemic situation, the business volume of international routes was still greatly affected, and the business development and customer operation of the company were greatly affected by the continuous impact of the epidemic, Business continues to be under pressure.
A shares or enter the “performance verification period”
Since December last year, the A-share market has faced a sharp shock. In addition to the continuous decline of the index, the share prices of some high market capitalization listed companies have also experienced different degrees of correction. Data show that among the 136 listed companies with a market value of 100 billion yuan, 40 have decreased by more than 10% since December last year, accounting for nearly 30%; The share prices of 97 listed companies are still falling, and only some financial and infrastructure listed companies have performed well.
However, with the release of the annual report performance forecast, industry insiders expect that the A-share market may enter the “performance verification period”, and many blue chip stocks have been actively investigated and raised by institutions. According to the data, up to now, more than 1200 listed companies have issued annual performance forecasts for 2021, of which 948 are expected to be happy (including pre increase, continued profit, slight increase and turnaround), accounting for about 80%.
“In 2022, I think the style of the market will be biased towards the target of value investment. Performance as the king will become the main stock selection idea, which has been reflected since the beginning of this year. Some track stocks, military industry, chips and cyclical stocks that rose much last year have fallen sharply, while blue chips with low valuation have risen against the trend.” Yang Delong, chief economist of Qianhai open source fund, said that the performance of listed companies has always been the main line of market attention, and the performance of annual reports exceeds expectations. Individual stocks in the industry can be focused on.
Great Wall Fund said that with the gradual disclosure of annual reports of listed companies and the implementation of steady growth policies and measures, the market is expected to end the speculation game that lasted for several months and focus on the fundamentals again. According to the analysis of Western Securities Co.Ltd(002673) , as the pre holiday market contraction is coming to an end and the monetary policy window period in February is approaching again, holding shares for the holiday is still the best choice at present.
