With the disclosure of the annual report, the operation path of the latest phase of the social security fund has gradually surfaced. According to statistics, among the 60 listed companies that have disclosed the 2021 annual report, the top 10 circulating shareholders of 9 companies have appeared in the figure of the national social security fund. From the perspective of the holding industry, the social security fund prefers electronic stocks; In addition, the shareholding of social security fund also shows the trend of “holding together”.
Social Security Fund: 9 shares, 4 new shares, 4 “clearing” shares
With the continuous disclosure of the annual report, the operation trend of the national social security fund, which has attracted much market attention, emerged in the fourth quarter of last year Hithink Royalflush Information Network Co.Ltd(300033) ifind statistics show that among the 60 companies that have disclosed the 2021 annual report as of March 2, the top 10 circulating shareholders of 9 companies have appeared in the figure of social security fund.
Specifically, the nine companies are the Shanghai Bright Power Semiconductor Co.Ltd(688368) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) ( Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) ).
Among them, the social security fund has newly acquired shares in shengmei Shanghai, Kbc Corporation Ltd(688598) , Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) , Xinjiang Zhongtai Chenical Co.Ltd(002092) 4 companies. According to the data, the four companies bought 1453500 shares, 1875600 shares, 4387600 shares and 23623700 shares respectively by the social security fund in the fourth quarter of last year, accounting for 4.34%, 2.92%, 1.04% and 1.10% of the circulating shares of relevant companies.
At the same time, based on the original shareholding, the social security fund increased the positions of Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) and Anhui Xinbo Aluminum Co.Ltd(003038) companies in the fourth quarter of last year. Among them, it increased its shareholding of Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) shares by 407600 shares to 74.503 million shares; After 403300 shares of Anhui Xinbo Aluminum Co.Ltd(003038) were added, the shareholding increased to 2025600 shares, ranking among the largest circulating shareholders of the company.
The data show that Shenzhen Sunlord Electronics Co.Ltd(002138) in the fourth quarter of last year, the social security fund reduced its holding of 3809500 shares to 8040800 shares. It is worth mentioning that Shenzhen Sunlord Electronics Co.Ltd(002138) this year, the share price has been falling endlessly. As of March 2, the cumulative decline in the year has reached 20.32%.
Statistics show that Hunan Sokan New Materials Co.Ltd(688157) ( Hunan Sokan New Materials Co.Ltd(688157) ), Hithink Royalflush Information Network Co.Ltd(300033) ( Hithink Royalflush Information Network Co.Ltd(300033) ), Jiangsu Xinquan Automotive Trim Co.Ltd(603179) ( Jiangsu Xinquan Automotive Trim Co.Ltd(603179) ), Jinlei Technology Co.Ltd(300443) ( Jinlei Technology Co.Ltd(300443) ) four companies were “cleared” by the social security fund in the fourth quarter of last year (they did not appear in the heavy position stocks again). In addition, the social security fund’s shareholding in Shanghai Bright Power Semiconductor Co.Ltd(688368) , Shenzhen H&T Intelligent Control Co.Ltd(002402) remained unchanged in the fourth quarter of last year. Among them, the national social security fund 406 portfolio holds Shenzhen H&T Intelligent Control Co.Ltd(002402) 27975200 shares, with a market value of 647 million yuan as of March 2; The national social security fund 422 portfolio holds 2025600 shares, with the latest market value of 144 million yuan.
In recent years, the trend of social security fund, which is regarded as accurate judgment of the peak and low of the market, has always been the focus of the market. Brokerage analysts said that the market pays attention to the trend of social security fund. First, the social security fund accurately judges market changes; In addition, its investment style is stable. Investors may wish to pay more attention to the stocks favored by the social security fund in the adjustment.
two companies are held by the Social Security Fund
In recent years, “holding together” seems to be one of the strategies of the national social security fund. Statistics show that among the above nine companies, Kbc Corporation Ltd(688598) and shengmei Shanghai have two social security funds among the top ten circulating shareholders. According to the annual report, NSSF portfolio 108 and portfolio 501 hold Kbc Corporation Ltd(688598) 1157000 shares and 718700 shares respectively. Based on the closing price of 270 yuan / share on March 2, the total market value of the two social security funds is 506 million yuan.
According to the annual report, Kbc Corporation Ltd(688598) is mainly engaged in the R & D, production and sales of advanced carbon matrix composites and products, and the products are mainly used in the thermal field system of crystalline silicon manufacturing in the photovoltaic industry. In 2021, the company realized an operating revenue of 1.338 billion yuan, and the net profit attributable to shareholders of listed companies was 501 million yuan, with a year-on-year increase of 213.72% and 197.25% respectively. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 460 million yuan, with a year-on-year increase of 215.31%.
For Kbc Corporation Ltd(688598) the annual report, Citic Securities Company Limited(600030) research report pointed out that the company’s performance in 2021 was high growth, product production and sales continued to exceed expectations, and Q4 gross and net profit margin stabilized and rebounded; The company will raise additional funds to accelerate capacity expansion, and sign a strategic supply agreement of more than 3.1 billion yuan with downstream customers throughout the year, which is expected to promote the continuous improvement of market share by virtue of the competitive advantage of product cost performance. Adjust the net profit forecast of the company from 2022 to 2024 to 661 million yuan, 866 million yuan and 1083 million yuan respectively, and give the target price of 330 yuan.
Guotai Junan Securities Co.Ltd(601211) said that the company’s revenue in 2021 was 1.338 billion yuan, an increase of 213.72% at the same time; The net profit attributable to the parent company was 501 million yuan, an increase of 197.25% at the same time. The pre increase announced in the early stage was in line with the expectation. Maintain the company’s EPS forecast of 8.45 yuan, 10.65 yuan and 14.49 yuan from 2022 to 2024, and maintain the target price of 417.30 yuan Guotai Junan Securities Co.Ltd(601211) mentioned that the pace of production of the company maintains a rapid growth momentum, the cost of raw materials is expected to stabilize, and the improvement of economies of scale and production and marketing contribute to the cost reduction of the industrial chain.
According to the annual report of shengmei Shanghai, which also won the “group” of two social security funds, the company achieved an operating revenue of 1.621 billion yuan in 2021, a year-on-year increase of 60.88%; In the same period, the net profit attributable to the parent company was 266 million yuan, a year-on-year increase of 35.31%; The non net profit attributable to the parent company was 195 million yuan, with a year-on-year increase of 110.67%. The company said that in 2021, benefiting from the continuous growth of the market demand of the semiconductor industry, the company’s main business income, net profit attributable to the parent and non net profit attributable to the parent increased significantly.
After shengmei Shanghai released its annual report, Minsheng Securities said in its annual report comments that the company’s multi product line revenue increased sharply in 2021. Minsheng securities proposed that shengmei Shanghai is the leader in China’s semiconductor equipment industry and has strong independent development ability and market competitiveness. It is estimated that the company will achieve revenue of RMB 2.696/39.76/4.853 billion from 2022 to 2024, corresponding to 16 / 11 / 9 times of the current price of PS. it is optimistic about the company’s platform development and overseas market expansion.
According to the disclosure, shengmei Shanghai is mainly engaged in the R & D, production and sales of semiconductor special equipment. Its products include semiconductor cleaning equipment, semiconductor electroplating equipment and advanced packaging wet equipment. In the fourth quarter of 2021, portfolio 411 and portfolio 403 of the national social security fund held 844200 shares and 609300 shares of the company respectively; According to the latest closing, the market value is 84.063 million yuan and 606314 million yuan respectively.
favorite Electronics Company
From the perspective of industry distribution, the nine companies held by the national social security fund belong to electronics (5), basic chemicals (1), mechanical equipment (1) and electrical equipment (1). The national social security fund held shares or preferred electronics companies in the fourth quarter of last year.
Analysts pointed out that from the perspective of the third quarterly report of 2021, electronics is one of the top ten industries with high prosperity in which the net profit attributable to the parent increased by more than 30% year-on-year. After excluding cyclical industries such as steel, mining, nonferrous metals and fund chemical industry, the high prosperity of Shenwan class 2 industry is mainly semiconductors, optical optoelectronics and passive components in the electronic industry.
In the view of market participants, although the tension between supply and demand in some markets such as consumer electronics has loosened, the industry, new energy, automobile and other links still maintain a high industry prosperity. The shortage of foundry capacity leads to the delay of order delivery in other supply chain links upstream of such markets. When this situation can be alleviated remains to be continuously tracked. Under the support of high prosperity, the allocation value of the electronic sector is still high.
It can be found that the stable growth of performance is still an important driving force for the layout of social security funds. Statistics show that among the nine companies held by the social security fund, five companies had a year-on-year increase in net profit of more than 100% last year. The highest increase in net profit was Xinjiang Zhongtai Chenical Co.Ltd(002092) . The company realized a net profit of 2.703 billion yuan in 2021, with a year-on-year increase of 176996%; Shanghai Bright Power Semiconductor Co.Ltd(688368) , Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) and others led the year-on-year increase in net profit, with net profit increasing by 883.72% and 218.44% respectively.
In fact, the social security fund has become the “wind vane” of the A-share market. Relevant statistics show that except for losses in 2008 and 2018, positive returns have been achieved in other years. Even during the period from 2001 to 2005, when the Shanghai stock index fell from 2245 to 998, the social security fund still achieved an annualized return of nearly 3%.
On August 18 last year, the annual report of the social security fund (2020) issued by the National Social Security Fund Council made it clear that the social security fund adheres to the concept of long-term investment, value investment and responsible investment, and carries out investment operation management in accordance with the principles of prudent investment, safety first, risk control and income improvement, so as to ensure the safety of the fund and maintain and increase its value.
According to the report, in 2020, the total assets of the national social security fund were 2922661 billion yuan, and the investment income of the social security fund was 378.66 billion yuan, with an investment return rate of 15.84%. According to statistics, at the end of 2020, the total assets of the social security fund increased by 11.19% year-on-year, and the highest rate of return since 2010.
individual shares held by Social Security Fund
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