With the beginning of 2022, A-share listed companies can’t wait to release the annual performance forecast of 2021, which has attracted the attention of many investors. Whose performance is better than expected, and who will explode the performance thunder? How to tap the investment opportunities
stock performance summary:
annual performance of 862 companies is expected to increase
Statistics show that as of March 4, 2147 companies have announced the performance forecast of 2021. According to the type of performance forecast, 862 companies are added in advance and 267 companies are expected to make a profit, with a total proportion of 52.59% of companies reporting good news; There are 479 companies with pre loss and 345 companies with pre reduction of performance respectively. Among the performance prediction companies, according to the median increase of expected net profit, 654 companies have a net profit increase of more than 100%; There are 380 companies whose net profit increases between 50% and 100%.
In terms of individual stocks, Inner Mongoliayuan Xing Energy Company Limited(000683) is expected to have the highest increase in net profit. The company expects the median increase in net profit for the whole year to be 716915% Bode Energy Equipment Co.Ltd(300023) , Beijing Haohua Energy Resource Co.Ltd(601101) it is estimated that the median year-on-year growth rate of annual net profit is 443568% and 404421% respectively, ranking the second and third.
53 companies announced the annual report, and the performance of 16 companies doubled
Statistics show that as of March 4, 53 companies have released their annual reports for 2021, of which 41 have a year-on-year increase in net profit, 12 have a decrease, 47 have a year-on-year increase in operating revenue, 6 have a decrease, 37 have a simultaneous increase in net profit and operating revenue, 2 have a decrease in profit revenue, and 16 have doubled their performance, Among them, Guangdong Tonze Electric Co.Ltd(002759) increased the most, reaching 701134%.
447 companies’ performance letters appeared, with 77% increase in revenue and profit
According to the performance disclosure rules, some listed companies in the disclosure season of the annual report will release the performance notice or performance express in advance, and the accuracy of the performance express is stronger than the performance notice. As of March 4, 447 companies in Shanghai and Shenzhen had issued performance letters.
Further screening based on the indicators of operating income and net profit shows that among the companies that have published the performance express, 343 have achieved double year-on-year growth in operating income and net profit. In terms of industry distribution, machinery and equipment are the most concentrated, with a total of 35 companies on the list, and 29 and 28 companies in pharmaceutical, biological, basic chemical and other industries respectively.
the performance express of Beijing stock exchange is bright, and only one of the 86 companies is unprofitable
At present, with all 86 companies of the Beijing stock exchange completing the disclosure of the 2021 annual performance express, the excellent report card makes the Beijing stock exchange a beautiful scenery in the whole market. Except Northland, other companies have achieved profits, with a profit margin of 99%. The average net profit of 85 companies is 85.23 million yuan, with a median of 50.31 million yuan. The net profit of 43 companies (accounting for 50%) exceeded 50 million yuan, and the top three were beiteri (1.42 billion yuan), Yingtai Biology (480 million yuan) and Tongli shares (370 million yuan)
industry performance summary:
iron and steel industry investment strategy in March and annual report performance Outlook: equity incentive schemes continue to launch steady growth to help steel price trend
Equity incentive schemes have been launched one after another, promising the long-term development of the industry. Since the end of 2021, a number of steel enterprises have successively launched stock incentive plans. Under the downward pressure of demand and higher and higher environmental protection requirements, the performance unlocking conditions put forward by the industry are extremely challenging, demonstrating the confidence in the development of the industry. Under the general direction of top supply, the industrial structure will maintain healthy development, and there is room for the rise of the industry valuation center. In the short term, the peak consumption season is coming, and the industry inventory is at a low level in the same period in recent years, supporting the steel price; With the inhibition of iron ore prices at the policy level, the profits of the industrial chain are expected to tilt to the steel mill end. In addition, as the annual report season approaches, the high dividend yield may become the focus again, and the sector has allocation value. It is suggested to pay attention to Baoshan Iron & Steel Co.Ltd(600019) , Citic Pacific Special Steel Group Co.Ltd(000708) , Hunan Valin Steel Co.Ltd(000932) , Sansteel Minguang Co.Ltd.Fujian(002110) , Fangda Carbon New Material Co.Ltd(600516) , and Yongxing Special Materials Technology Co.Ltd(002756) , which has mica resource guarantee and cost advantage.
pharmaceutical industry investment strategy in March 2022: the sector stabilizes and individual stocks differentiate during the performance verification period
① the expected performance of the pharmaceutical sector has been cleared repeatedly since the beginning of 2021. It can be seen that the performance base of the pharmaceutical sector has been higher since the beginning of 2021. Last year’s relatively optimistic performance expectations have been cleared to a large extent. In addition, we believe that the performance of the pharmaceutical sector in 2021 still has horizontal comparative advantages. Some racetracks, such as non covid-19 class II vaccine, have rebounded, CXO and medical equipment have maintained a high outlook. ② Valuation: the valuation level of the high boom track has dropped to a reasonable range, but after the market risk appetite moves down, the market may need a thicker safety cushion in the face of the impact of contingent policies or external environment, that is, the current “40 times”.
investment strategy of securities industry in March 2022: steady growth of performance and effective transformation of wealth management
Under the expectation of steady growth, the reform of capital market has been strengthened, which has become a catalyst for the market of securities companies. At present, the valuation of Pb of securities companies is 1.57 times, which is in the historical quantile of 11%, with a high margin of safety. With the promotion of capital market reform and the growth of residents’ demand for wealth management, securities companies usher in new opportunities for development. Under the background of capital market reform, leading securities companies have advantages in capital strength, risk management ability, research pricing ability and business layout. It is suggested to pay attention to leading securities companies Citic Securities Company Limited(600030) , Huatai Securities Co.Ltd(601688) ; In addition, it is also suggested to pay attention to China stock market news, a model of Internet brokerage with unique track, and Guolian Securities Co.Ltd(601456) .
cultivating diamond industry tracking: investment demand pushes up Diamond price, and the central cultivating diamond benefits
The supply of natural drilling is limited, but the downstream consumer demand is strong, and the price is expected to remain high. At present, the penetration rate of cultivated diamonds in the world is only 4%. After the price difference between cultivated diamonds and natural diamonds is expanded, the cost performance advantage is highlighted, and the downstream demand is expected to be further improved. At the same time, the gap between natural supply and demand will create space for improving the penetration rate of cultivated diamond, and the urban middle class is expected to accelerate the shift to cultivated diamond consumption. It is suggested to pay attention to two investment routes: 1) production side: China supplies 40% + cultivated diamond blanks in the world, and Cr4 is as high as 80%. The rise of downstream demand will bring performance growth to the leader. It is suggested to pay attention to Henan Liliang Diamond Co.Ltd(301071) , North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) ; 2) Equipment side: high gross profit at the production side drives the growth of equipment investment demand, and the expansion of diamond cultivation in Henan “982” project has begun to take shape. It is suggested to pay attention to the supply of HPHT synthesis equipment and lay out the Sinomach Precision Industry Co.Ltd(002046) .
