The annual reports of Shanghai and Shenzhen stock markets are coming to an end. Under more than 1500 announcements, companies with excellent and poor performance have been unveiled one after another, and the industrial prosperity is at a glance. In 2021, the new energy track is worthy of the name of the strongest track in terms of performance. The upstream chemical industry, nonferrous metals and other sectors of new energy continued to have a high momentum, and the performance doubled and stocks appeared frequently. In addition, recently, companies have successively disclosed that large impairment was accrued at the end of last year, raising the performance alarm, but on the whole, the performance growth is still the mainstream.
performance growth remains the mainstream
As of the press release on January 27, 1560 companies in the two cities have revealed the annual performance of 2021 in the form of performance forecast. Among them, there are 1230 companies with pre increased performance, accounting for nearly 80%. On the whole, performance growth is still the mainstream.
Among them, 645 companies may double their net profit in 2021, and 38 companies are expected to increase their performance by more than 10 times.
By industry, according to the data, 176 companies in the chemical industry have disclosed performance pre increase announcements, which is the largest in all industries. Among them, 125 chemical companies increased their net profits by more than 100% last year, and 13 companies are expected to increase by more than 10 times.
Up to now, Sichuan Hebang Biotechnology Co.Ltd(603077) is the company with the largest pre increase in performance in chemical industry and even Shanghai and Shenzhen stock markets. Benefiting from the upward boom of glyphosate, glyphosate and alkali products, the company expects the net profit to increase by 2.959 billion yuan to 3.259 billion yuan in 2021, with a year-on-year increase of 7227.36% ~ 7960.09%.
Another company in the chemical industry Inner Mongoliayuan Xing Energy Company Limited(000683) followed closely. It is expected to be about 4.85 billion yuan to 5.05 billion yuan in 2021, with a year-on-year increase of 7022.3% ~ 7316.0%.
From the perspective of the upper limit of predicted net profit, the top earning amount in 2021 is China Mobile, Petrochina Company Limited(601857) and Cosco Shipping Holdings Co.Ltd(601919) . Among them, China Mobile, which landed A-Shares at the beginning of this year, is temporarily the company with the highest expected net profit. The company previously predicted the annual performance in the prospectus. The net profit in 2021 is expected to reach 114.307 billion yuan to 116.464 billion yuan, with a year-on-year increase of about 6% ~ 8%.
industry prosperity is the main reason for growth
On January 27, the forecast performance of Contemporary Amperex Technology Co.Limited(300750) the core leader in the downstream of the new energy industry chain increased significantly. The expected profit in 2021 is 14 billion yuan to 16.5 billion yuan, with a year-on-year increase of 150.75% ~ 195.52%, exceeding the market expectation. The announcement shows that the significant increase in performance of Contemporary Amperex Technology Co.Limited(300750) is mainly due to the increase in the market penetration of new energy vehicles and energy storage last year, driving the growth of battery sales. At the same time, the company has made progress in market development, released new production capacity, and increased production and sales accordingly.
Prior to this, the upstream resource enterprises of new energy have had good news. The previous performance forecasts of “lithium battery giants” Ganfeng Lithium Co.Ltd(002460) , Tianqi Lithium Corporation(002466) also exceeded expectations one after another.
Among them, Ganfeng Lithium Co.Ltd(002460) is expected to have a full year net profit of 4.8 billion yuan to 5.5 billion yuan in 2021, with a year-on-year maximum increase of more than four times. The company’s profit in the fourth quarter is expected to be between 2.327 billion yuan and 3.027 billion yuan, and the net profit in a single quarter is equivalent to that in the first three quarters. Tianqi Lithium Corporation(002466) is expected to achieve a net profit of 1.8 billion yuan to 2.4 billion yuan by 2021.
In addition, Guangdong Tonze Electric Co.Ltd(002759) , Dingsheng new material, Shenzhen Dynanonic Co.Ltd(300769) and other lithium battery industry chain companies reversed their losses and made substantial pre profits in 2021.
On the whole, in the past year, benefiting from the rise in material prices and the explosive growth of the new energy vehicle market, the resource sector upstream of the industrial chain such as chemical industry and non-ferrous metals continued the high-profile atmosphere of the time report in the third quarter of last year in the fourth quarter.
Not only the new energy track, looking at the disclosed performance forecast, the industry prosperity has become the main factor in the profit and loss fluctuation of Shanghai and Shenzhen companies. Since entering the “epidemic era”, in the past two years, the performance growth of listed companies has been more and more based on the main business growth with the improvement of industry cycle, and the driving factors of M & A have been reduced.
Under the background of the global epidemic haze, the multi stock performance of covid-19 pneumonia detection sector continued to grow high. Among them, Beijing Hotgen Biotech Co.Ltd(688068) the highest performance in 2021 is expected to increase nearly 20 times. The forecast net profit of Andon Health Co.Ltd(002432) Daniel stock, whose share price took off this year, was the highest or nearly quadrupled. The sharp increase in performance was mainly due to the sharp increase in the sales of its covid-19 antigen household self-test products in the U.S. market at the end of last year. Andon Health Co.Ltd(002432) the single quarter profit in the fourth quarter was about 850 million to 1.15 billion yuan, exceeding the total net profit of each year since its listing in 2010.
In addition, the performance of “king of the cycle” Cosco Shipping Holdings Co.Ltd(601919) is growing at a high level under the high climate of the centralized transportation market, and it is expected to earn nearly 89.3 billion yuan in 2021.
risk event
centralized impairment of many companies
For a long time, the asset impairment factor has been the hardest hit area of the annual report. Up to now, the company with the largest loss in advance in Shanghai and Shenzhen is Zhongzhu Healthcare Holding Co.Ltd(600568) . The company is expected to lose 180 million yuan to 260 million yuan in 2021, with a year-on-year decrease of 5691.97% ~ 8177.29%, mainly due to the impact of operating losses, goodwill impairment and asset impairment losses.
In terms of the amount of loss, according to the lower limit of the company’s predicted net profit, Wens Foodstuff Group Co.Ltd(300498) is temporarily listed as the “king of advance loss” of the two cities with a loss of more than 13 billion yuan. In addition to the industry downturn factors such as the decline of pig prices and the continuous rise of raw material prices, the company also made an impairment provision of about 2.5 billion yuan for the current consumable biological assets and productive biological assets.
Different from previous years, due to some risk events in 2021, several companies made centralized provision for impairment.
Represented by the “private network communication scam” that stirred the capital market in 2021, Kaile Science And Technology Co.Ltd.Hubei(600260) , Jiangsu Zhongli Group Co.Ltd(002309) , Raisecom Technology Co.Ltd(603803) and other companies involved have made substantial losses in advance. Among them, due to the private network communication event, the impairment of accounts receivable, prepayments and inventory of the private network communication business involved in Kaile Science And Technology Co.Ltd.Hubei(600260) is about 5.5 billion yuan. Under the large amount of provision, Kaile Science And Technology Co.Ltd.Hubei(600260) is expected to lose 7.1 billion yuan to 8.7 billion yuan in 2021.
In addition, as the double reduction policy was implemented in July 2021, k12 education industry experienced a huge earthquake. Affected by the incident, the performance of A-share Xueda (Xiamen) Education Technology Group Co.Ltd(000526) , Suzhou Kingswood Education Technology Co.Ltd(300192) , Dongguan Kingsun Optoelectronic Co.Ltd(002638) and other companies fell sharply.
