This week (February 28 – March 4), affected by external unstable factors, the performance of Beijing stock exchange continued to be sluggish: 15 companies rose and 67 companies fell; The total turnover of the week was 4.65 billion, down 1.225 billion from last week; The overall median price earnings ratio (TTM) was 25.23 times, down from last week, and the median price to book ratio was 2.47 times, down from last week.
In terms of share price performance of industries and individual stocks, biotechnology, semiconductor and food industries increased higher than other industries, and the median increases of individual stocks in the industry were 4.33%, 3.77% and 0.75% respectively; The industries of medical and health care equipment, household durable consumption and container packaging decreased significantly. The median decline of individual stocks in the industry were – 7.33%, – 6.98% and – 6.86% respectively.
In terms of individual stocks, the top gainers were Gaishi food (836826. BJ), Northland (430047. BJ), Tonghui information (430090. BJ), Jilin Carbon Valley (836077. BJ) and Tongxiang Technology (839167. BJ), up 10.69%, 9.55%, 7.54%, 5.47% and 4.80% respectively. Among the top five enterprises, Gaishi food, and Tonghui information disclosed the 21 year performance express respectively. Gaishi food achieved an operating revenue of 344 million yuan, a year-on-year increase of 57.29%; Tonghui information achieved an operating revenue of 5.67 yuan, a year-on-year increase of 17.32%. The top decliners were Litong Technology (832225. BJ), minimally invasive Optoelectronics (430198. BJ), Kaide quartz (835179. BJ), Tongyi Aerospace (871642. BJ) and Changhong energy (836239. BJ), down – 14.41%, – 13.23%, – 13.08%, – 10.88% and – 9.96% respectively. Among them, Changhong energy released the draft of major asset restructuring on the evening of March 2. It plans to purchase the remaining 33.17% equity of Changhong Sanjie with RMB 1.7 billion by issuing shares and paying cash, and will hold 100% equity of Changhong Sanjie after the transaction.
In terms of industry valuation, the industries with the highest price earnings ratio are software, composite utilities, aerospace and national defense, with price earnings ratios (TTM) of 66.90, 62.73 and 57.82 times respectively; The industries with the highest price to book ratio valuation are biotechnology, software, aerospace and national defense, with price to book ratios of 10.98, 5.84 and 4.72 times respectively. The P / E ratios of commercial services and supplies, franchise and retail biotechnology industries are low, 16.33, 14.97 and – 5.92 times respectively, and the P / b ratios of auto parts, commercial services and supplies and chemical industries are low, 1.70, 1.65 and 1.49 times respectively.
Follow up of important announcements of listed companies on the Beijing stock exchange: (1) institutional research. This week, Kodak automatic control (831832. BJ) obtained 15 institutional investors’ research by means of on-site meeting; (2) Performance forecast: digital people (835670. BJ) released the performance forecast of the annual report for 21 years: the net profit was about 157833 million yuan, a year-on-year decrease of 45.71%.
In terms of new share listing: a new company listed this week is: (1) Kaide quartz (835179. BJ), with an issue price of 20.00 yuan / share and an issue price earnings ratio of 45.21 times, belongs to the glass and glass products industry under the industry classification of the CSRC, with an industry PE of 17.10 times. Its main business is the R & D, production and sales of quartz glass products such as quartz instruments, quartz pipes and quartz boats; (2) Hongxi Technology (871857. BJ), with an issue price of 12.00 yuan / share and an issue price earnings ratio of 24.96 times, belongs to the computer, communication and other electronic equipment manufacturing industry under the industry classification of the CSRC, with an industry PE of 46.46 times. Its main business is the design, R & D, production and sales of high-precision electronic wire components.
Risk tips
I. a major shift has taken place in the policy of the Beijing stock exchange
II. The listed companies of the Beijing stock exchange have the risk of financial irregularities
