Recently, the volatility of A-Shares has intensified, and the leading companies in the industry have intensively disclosed monthly operating data, boosting market confidence. According to the statistics of securities times · databao, on March 10, nearly 20 companies disclosed their operating data from January to February. It is found that most companies are industry leaders, and they are mainly constituent stocks of “Mao nationality” and “Ning nationality”.
It is worth mentioning that for all listed companies that have disclosed monthly reports, the growth data of revenue and net profit are bright, of which Tongwei Co.Ltd(600438) ranks first with 650% net profit growth and Guangzhou Tinci Materials Technology Co.Ltd(002709) ranks second with 470%.
“Mao”, “Ning”
batch release of monthly data
On March 8, Kweichow Moutai Co.Ltd(600519) disclosed monthly main business data for the first time. The announcement shows that from January to February 2022, Kweichow Moutai Co.Ltd(600519) achieved a total operating revenue of about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit attributable to the shareholders of the parent company of the listed company was about 10.2 billion yuan, a year-on-year increase of about 20%.
More and more companies have joined the ranks. On March 10, nearly 20 companies including Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Tongwei Co.Ltd(600438) , Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) , Wuxi Apptec Co.Ltd(603259) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , National Silicon Industry Group Co.Ltd(688126) , Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) , etc. disclosed their main operating data from January to February. In terms of classification, most of these companies are well-known “Maozu” and “ningzu” stocks in the market.
For example, Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) , Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) , Bloomage Biotechnology Corporation Limited(688363) , Proya Cosmetics Co.Ltd(603605) , etc. belong to the constituent stocks of “Mao nationality” Guangzhou Tinci Materials Technology Co.Ltd(002709) , National Silicon Industry Group Co.Ltd(688126) , Beijing Easpring Material Technology Co.Ltd(300073) and other stocks are equivalent to the constituent stocks of “Ning nationality”; There are also some stocks that are considered to be both “Mao” and “Ning”, such as Tongwei Co.Ltd(600438) , Wuxi Apptec Co.Ltd(603259) , etc.
The performance of these stocks in the first two months was excellent Tongwei Co.Ltd(600438) 1 ~ February net profit reached about 3.3 billion yuan, an increase of about 650% year-on-year Guangzhou Tinci Materials Technology Co.Ltd(002709) the net profit in the first two months was about 860 million yuan, an increase of about 470% year-on-year Beijing Easpring Material Technology Co.Ltd(300073) the net profit in the first two months was about 230 million yuan, with a year-on-year increase of about 113.91%.
The performance of large leading companies also increased significantly Wuxi Apptec Co.Ltd(603259) it is estimated that the revenue in the first quarter of 2022 will increase by 65% ~ 68% year-on-year, and the annual revenue of the company is expected to increase by 65% ~ 70% year-on-year Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) it is estimated that the net profit from January to February will reach more than 2.7 billion yuan, with a year-on-year growth rate of more than 50%.
Good performance helps stabilize market expectations. For example, after Kweichow Moutai Co.Ltd(600519) disclosed the performance data, the stock price continued to rebound. Share prices of other companies that disclosed their results also rose sharply. On March 10, March 10, the October 10 of the March 10, Malion New Materials Co.Ltd(300586) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\individualstocks rose more than 5%.
In addition to disclosing the performance of the “February report” to support the market, the number of repurchases and holdings increases of listed companies also increased significantly. According to data treasure statistics, since this year, there have been more than 170 announcements on repurchase, compared with less than 70 in the same period last year. Some white horse stocks have also started to repurchase. For example, on March 10, Hengli Petrochemical Co.Ltd(600346) announced that it would repurchase the company’s shares through centralized bidding with its own and self raised funds of no more than 1.5 billion yuan and no less than 1 billion yuan at a price of no more than 30 yuan / share. In terms of increasing holdings and promising not to reduce holdings, there have been 250 relevant announcements this year, compared with only more than 140 in the same period last year.
a-share multiple major indexes
has hit a record low
Many leading companies with excellent performance intensively disclose bright performance data, which is meaningful. From the perspective of the whole market, the current index has strong valuation support. Compared with several large bottoms in history, it is found that the current valuation of A-share market is attractive.
According to the statistics of data treasure, the latest rolling P / E ratio of Shanghai and Shenzhen 300 index is less than 13 times, lower than the level of 1664 points of Shanghai stock index in 2008; In addition, the latest P / E ratio of Shanghai stock index and Shanghai Stock 50 index is also lower than that of Shanghai stock index at 1664 points, while the valuation level of China stock 500 index is the same as that at that time.
The latest P / E ratio of the Shanghai stock index is 12.6 times, and the predicted P / E ratio of this year is 10.75 times, which is lower than the level of the Shanghai stock index at 1664 points. The predicted P / E ratio of gem index and sci-tech innovation board index this year is about 30 times, of which the predicted P / E ratio of gem index is about 31 times, approaching the level of 2440 points of Shanghai index in 2019.
On the whole, the P / E ratios of most indexes in the market are below 50% of the quantile in recent 20 years, and the CSI 1000 index and CSI 500 index are below 10%.
On March 10, the A-share market rebounded sharply. The Shanghai Composite Index rose 1.22%, the Shenzhen Composite Index rose 2.18%, and the gem index rose 2.67%, recovering the 2600 point mark. In terms of industry, shenwanyi industry rose across the board, with pharmaceutical, biological and power equipment sectors up more than 3%, and building materials, food and beverage, basic chemical and other sectors up more than 2%.
China Industrial Securities Co.Ltd(601377) believes that the short-term impact of the peripheral market on A-Shares and Hong Kong shares may basically end in early March, or the bottom may have been reached on March 9, at least the end of the next few months.
Huaxin Securities believes that the steady growth policy continues to be implemented, and the recovery of PMI data in February has meant that the effect of policy hedging is obvious. At the same time, the government work report is released. The expected target of GDP growth is set at 5.5%, which is off the upper limit, which conveys a great determination to stabilize growth. Investment is expected to play a major role, and the GDP growth rate is likely to reach the bottom in the first quarter.
