Data show that as of January 29, a total of 2547 A-share listed companies disclosed 2021 performance forecasts, 1473 of which were expected to be happy, with a pre happy rate of 57.83%. Among them, 205 companies increased slightly, 289 companies reversed losses, 28 companies continued to make profits and 951 companies increased in advance.
Among the 2547 listed companies that disclosed the performance forecast for 2021, 1127 listed companies previously disclosed the market consensus expectation, and the lower limit of net profit of 217 companies exceeded the market consensus expectation, accounting for 8.52% of all the companies that have disclosed the performance forecast.
17 companies have a net profit of more than 10 billion yuan
In terms of net profit, it is estimated that 1143 companies will achieve a lower limit of net profit of more than 100 million yuan in 2021, 268 companies are expected to achieve a lower limit of net profit of more than 1 billion yuan, 52 companies are expected to achieve a lower limit of net profit of more than 5 billion yuan, and 17 listed companies such as China Mobile, Petrochina Company Limited(601857) , Cosco Shipping Holdings Co.Ltd(601919) , China Petroleum & Chemical Corporation(600028) , Kweichow Moutai Co.Ltd(600519) are expected to achieve a lower limit of net profit of more than 10 billion yuan.
China Mobile has become the “profit king” of A-Shares with a lower limit of net profit expected to exceed 114 billion yuan. The company expects to achieve an operating revenue of 844.877 billion yuan to 852.558 billion yuan in 2021, with a year-on-year increase of 10% to 11%; The net profit attributable to the shareholders of the parent company was 114.307 billion yuan to 116.464 billion yuan, a year-on-year increase of 6% to 8%.
In terms of net profit growth rate, excluding the impact of loss reversing companies, 1249 companies are expected to achieve a lower limit of net profit growth of more than 10%, 448 companies are expected to exceed 100%, 67 companies are expected to exceed 500%, and 30 listed companies such as Sichuan Hebang Biotechnology Co.Ltd(603077) , Nuode Investment Co.Ltd(600110) , Inner Mongoliayuan Xing Energy Company Limited(000683) , Beijing Haohua Energy Resource Co.Ltd(601101) , Landai Technology Group Corp.Ltd(002765) are expected to achieve a lower limit of net profit growth of more than 1000%.
Sichuan Hebang Biotechnology Co.Ltd(603077) became the “growth king” of A-Shares with an expected growth limit of more than 72 times of the parent net profit. The company expects that the net profit of the whole year in 2021 will increase by 2.959 billion yuan to 3.259 billion yuan compared with the same period in 2020, with a year-on-year increase of 7227.36% to 7960.09%.
multiple industries enter a high business cycle
From the perspective of industry, there are a large number of Listed Companies in cyclical sectors such as steel, coal, nonferrous metals and chemical industry, as well as emerging industries such as new energy, electronics, semiconductors and biomedicine. Under the high climate of the industry, the simultaneous rise in the volume and price of main products and the continuous expansion of production capacity have become the main reasons for the significant pre increase in the performance of relevant listed companies.
Taking the new energy industry chain as an example, affected by the continuous rise in the market penetration of new energy vehicles, the landscape of lithium batteries and other related industry chains has increased rapidly, and the overall industry expectation rate is high. Guangdong Tonze Electric Co.Ltd(002759) , Do-Fluoride New Materials Co.Ltd(002407) , Shenzhen Dynanonic Co.Ltd(300769) , Daoshi technology and other companies have handed over beautiful “answers”.
Huaan Securities Co.Ltd(600909) pointed out that in 2021, lithium battery midstream materials benefited from the high growth demand of downstream, and the performance showed a high growth trend. At present, battery factories and material factories have steadily expanded their production capacity, the production schedule of each link has climbed month by month, the demand of the middle and downstream has been increasing, and the volume of non power batteries, such as energy storage, has gradually increased. It is suggested to pay attention to the battery factories with global competitiveness and the midstream material links where the relative supply and demand is still tight, such as negative electrode materials, diaphragms, etc.
In contrast, some listed companies in traditional industries represented by iron and steel, affected by comprehensive factors such as rising prices of raw materials such as coal and lower than expected downstream real estate infrastructure, experienced a decline in single quarter growth in the fourth quarter of 2021, resulting in a decline in annual performance growth compared with the first three quarters. Under the background of “carbon neutralization”, the task of crude steel reduction continues, and the uncertainty of future performance is further increased.
217 companies outperformed expectations
The data show that up to now, of the 2547 listed companies that disclosed the performance forecast for 2021, 1127 listed companies have previously disclosed the consensus expectations of the market. Based on the lower limit of performance forecast, the data show that at present, the lower limit of net profit of 217 companies in 2021 exceeds the consensus expectation of the market, accounting for 8.52% of all the companies with disclosed performance forecast.
From the perspective of the industry of listed companies exceeding expectations, the number of supermarkets of Listed Companies in medicine, new energy vehicles, coal and logistics is higher than expected.
From the perspective of individual stocks, Xinjiang Tianshan Cement Co.Ltd(000877) , Chongqing Zhifei Biological Products Co.Ltd(300122) , Contemporary Amperex Technology Co.Limited(300750) , Inner Mongoliayuan Xing Energy Company Limited(000683) , Shanxi Coal International Energy Group Co.Ltd(600546) , Boe Technology Group Co.Ltd(000725) , Ganfeng Lithium Co.Ltd(002460) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Jiangsu Eastern Shenghong Co.Ltd(000301) , Tbea Co.Ltd(600089) and other companies expect the lower limit of net profit in 2021 to exceed the consensus expectation of the early market by more than 1 billion yuan.
The greater the growth rate of the annual report performance forecast exceeds the market expectation, the more prominent the market performance is.
For example, benefiting from the continuous rise of coal prices and the positive impact of the prosperity of the coal industry in 2021, Shanxi Coal International Energy Group Co.Ltd(600546) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) and other listed coal companies exceeded market expectations. According to the performance forecast released by Shanxi Coal International Energy Group Co.Ltd(600546) , the company is expected to realize a net profit attributable to the parent company of 4.5 billion yuan to 5 billion yuan in 2021, with a year-on-year increase of 444% to 505%, and the lower limit of net profit is much higher than the market expectation. The day after the disclosure of the performance forecast, the share price rose by the word limit.
