From huge losses to big profits, a number of companies are “turning cattle into heaven and earth” and are expected to “prosper”.
According to the information statistics of Shanghai Securities News, as of January 27, 2022, a total of 203 companies expect the net profit returned to the parent company in 2021 to change from negative to positive. It is found that the 203 companies are mainly concentrated in chemical industry, non-ferrous metals, power equipment, textile and clothing, electronics and media. Among them, Petrochina Company Limited(601857) has become a well deserved “loss recovery king”. It is estimated that the upper limit of net profit returned to the parent company after deducting non profits in 2021 will be 108 billion yuan, compared with – 11.991 billion yuan in 2020.
Petrochemical “turning over”
Petrochina Company Limited(601857) on January 13, the announcement of performance pre increase was issued. It is expected that the net profit in 2021 will increase by 71 billion yuan to 75 billion yuan compared with the same period in 2020, and the net profit returned to the parent after deduction will increase by 110 billion yuan to 120 billion yuan compared with the same period in 2020, the best level in seven years.
Petrochina Company Limited(601857) said that the strong performance was mainly due to the upward shock of international oil prices and the increased demand brought by China’s stable economic recovery.
In addition to Petrochina Company Limited(601857) , China Petroleum & Chemical Corporation(600028) , Shandong Xinchao Energy Corporation Limited(600777) , Zhongman Petroleum And Natural Gas Group Corp.Ltd(603619) and other “peers” showed eye-catching performance in 2021 net profit after non deduction. Shandong Xinchao Energy Corporation Limited(600777) said in the pre increase announcement that in 2021, oil and natural gas prices increased significantly year-on-year, and natural gas production increased year-on-year. Affected by this, the company’s net profit attributable to the parent company in 2021 is expected to be 850 million yuan, turning losses into profits year-on-year.
According to some researchers, from the macro perspective of 2022, the world economy continues to recover, but its performance is divided. The monetary and fiscal policies of major overseas economies are facing tightening, and the economic growth is gradually slowing down. Brent crude oil price fluctuates widely throughout the year. The average price per barrel may be slightly higher than that of US $68 to US $72 in 2021, and the average price in the first half of the year may be higher than that in the second half of the year.
New energy industry chain “creating wealth”
2021 is the year of the new energy industry to the letter. Driven by the policy, the new energy industry represented by lithium battery, photovoltaic, wind power and energy storage has made rapid progress and driven the “take-off” of upstream and downstream.
Taking the lithium battery industry chain as an example, the shortage of raw materials in the upstream makes companies with “minerals in hand” earn a lot.
Tianqi Lithium Corporation(002466) it is estimated that the net profit attributable to the parent company after deducting non-profit in 2021 will be 1.08 billion yuan to 1.6 billion yuan, and the company will lose 1.294 billion yuan in 2020. The main reason for the significant improvement in profits is that the sales volume and average sales price of main lithium products have increased significantly compared with that in 2020 due to the improvement of the prosperity of global new energy vehicles, the accelerated capacity expansion of lithium-ion battery manufacturers, the pick-up of orders for downstream cathode materials and other positive factors.
Chemical giant Do-Fluoride New Materials Co.Ltd(002407) also benefits from the great development of lithium battery industry. Do-Fluoride New Materials Co.Ltd(002407) it is estimated that the net profit attributable to the parent company after non deduction in 2021 will be 1.207 billion yuan to 1.307 billion yuan, with a loss of 163 million yuan in the same period in 2020. The company said that the market demand for new material products mainly lithium hexafluorophosphate is strong, the new capacity of relevant products of the company is gradually released, the capacity utilization rate has reached a high level, and the profitability has been greatly improved. It is reported that lithium hexafluorophosphate is an essential lithium salt for electrolyte, and the price increased by more than four times in 2021. Some analysts said that lithium hexafluorophosphate was still relatively tight in the first half of 2022, and the price may fall after the middle of the year.
The Suzhou Industrial Park Heshun Electric Co.Ltd(300141) of the power equipment industry relies on expanding the photovoltaic power generation business and reducing the photovoltaic EPC business to realize the positive return of the net profit to the parent company after deduction. In 2021, the company expects the net profit attributable to the parent company after deducting non-profit to be 6.1 million yuan to 7.9 million yuan, with a loss of 61.42 million yuan in the same period in 2020.
Film and television companies have improved significantly
Thanks to effective epidemic prevention and control and national policy guidance, the film and television industry will recover rapidly in 2021. According to the statistics of the national film administration, China Film Co.Ltd(600977) total box office revenue in 2021 was 47.258 billion yuan, of which the box office of domestic films was 39.927 billion yuan, accounting for 84.49%. After 2020, the total box office surpassed North America again and became the first in the world.
This year, there were not only the surging theme war blockbuster “Changjin Lake”, but also the tearful masterpiece “Hello, Li Huanying”. The excellent performance of domestic films not only provides valuable spiritual food for the audience, but also helps a number of film and television companies get out of the low performance.
Wanda Film Holding Co.Ltd(002739) it is estimated that the net profit attributable to the parent company after deducting non-profit will be 10 million yuan to 30 million yuan in 2021, with a loss of 6.853 billion yuan in the same period in 2020. Wanda Film Holding Co.Ltd(002739) said that in 2021, the company worked hard and actively promoted the steady recovery of various business operations. In the whole year, the box office reached 6.22 billion yuan and 160 million film viewers, a significant increase over 2020, which has recovered to 80% in 2019, nearly 10 percentage points higher than the industry average.
China Film Co.Ltd(600977) it is estimated that the net profit attributable to the parent company after deducting non-profit will be 75 million yuan to 125 million yuan in 2021, with a loss of 680 million yuan in the same period in 2020. China Film Co.Ltd(600977) said that the company focused on the main responsibility and main business, adhered to high-quality development, and further improved the market share. The total box office of all kinds of films produced by the company in the same period was 2.39 billion yuan, accounting for 2.001 billion yuan, accounting for 2.6% of the total box office of all kinds of films produced by the company in the same period; In the distribution sector, the company issued 711 films, with a box office of 32.896 billion yuan, accounting for 76.74% of the total national box office in the same period.
Shanxi Securities Co.Ltd(002500) believes that the rich content reserve in 2022 is the basis for driving the release of film viewing demand. Under the effective epidemic prevention system, the disturbance of the epidemic to the film market is expected to be reduced, and the industry also has the opportunity to rebound.
