According to the data, as of March 10, 123 A-share companies had issued last year’s annual report. From the net profit attributable to the shareholders of the parent company, only 8 companies said that their net profit had suffered a loss, while other companies handed over their profit reports. The net profit attributable to the shareholders of the parent company exceeded 1 billion yuan.
From the perspective of the industry, the performance of enterprises in the financial, steel and chemical industries is very bright, and the amount of net profit and year-on-year growth have given investors a good answer.
From the perspective of industry characteristics, the financial industry has continued the stable growth trend in the past, while the sharp rise in the performance of chemical and iron and steel enterprises is related to the higher prosperity of the industry. In 2021, affected by many factors such as market supply and demand, China’s chemical and iron and steel industries enjoyed a high prosperity, and the prices of leading products increased significantly year-on-year. Many enterprises benefited from this and made new profits.
In addition, the Research Report of some analysts also mentioned that under the background of the rise in the price of chemical raw materials, the product price in the downstream market also increased.
Chen Hong, an analyst at Zhuo Chuang information, told the Securities Daily that due to the positive impact of the rise in the raw material market recently, fertilizer enterprises have comprehensively considered the raw material reserves and pending orders. Some fertilizer enterprises have suspended receiving orders or raised quotations, and are more cautious about purchasing high priced raw materials.
The biggest boost to the rise in the price of compound fertilizer is the increase in the cost of raw materials. According to the data of Zhuo Chuang information, as of March 9, the raw material cost of 45% Cl in Shandong was about 2898 yuan / ton, an increase of 16 yuan / ton compared with the high peak of last year (2882 yuan / ton). In terms of the time point of cost increase, the cost of raw materials increased significantly in early March, an increase of 208 yuan / ton compared with the end of February.
Benefiting from the high prosperity of the industry and the sharp rise in performance, there is also the steel industry Lingyuan Iron & Steel Co.Ltd(600231) previously released the annual report for 2021. During the reporting period, the company achieved an operating revenue of 26.154 billion yuan, a year-on-year increase of 28.85%; The total operating cost was 24.783 billion yuan, a year-on-year increase of 27.43%; During the reporting period, the net profit was 919 million yuan, a year-on-year increase of 64.61%. In addition, many other steel companies admitted in their previous announcements that 20221 will usher in the best year of profit.
Chen Kexin, chief analyst of Lange Iron and steel Economic Research Center, told reporters that from the situation in the first half of this year, the national steel and black series commodity market will fluctuate upward, steady growth measures have been introduced one after another, and China’s steel demand will be stable; Under the situation of severe global inflation, it is difficult for the market of steel and black series commodities to be immune; Geopolitical risk and uncertainty of epidemic situation, and resource supply is facing “supply shock”.
Chen Kexin explained that China’s Manufacturing Purchasing Managers’ index (PMI) was 50.2% in February, up 0.1 percentage points from the previous month. From January to February this year, import and export trade started well, showing double-digit growth. “Under the guarantee of steady growth measures taken by the decision-making department, the demand for steel and black series commodities is expected to grow steadily throughout the year, thus laying a solid foundation for the improvement of the steel market throughout the year.”
