Overseas business is an important part of the revenue of listed companies. Under the epidemic and complex and changeable international environment, the overseas income of listed companies shows more obvious polarization. Some companies have cancelled overseas business since 2020, and some companies are developing overseas markets.
The impact of the epidemic on the overseas business of listed companies is very significant. According to the statistics of securities times · databao, the overseas business income of A-share listed companies in 2020 was 5.48 trillion yuan, with a year-on-year increase (comparable data) of only 7.07%, the lowest level in the same period of the past four years. Among them, the overseas business income in the first half of 2020 even showed a negative growth year-on-year.
In 2021, with the improvement of China’s economic trend, the overseas business of listed companies will develop healthily. In the first half of 2021, A-share companies achieved overseas business income of 2.45 trillion yuan, a year-on-year increase of nearly 30%, an increase of 26.36% over the same period in 2019. Among the companies that have disclosed their overseas revenue in 2021, the overall year-on-year growth is more than 20%, an increase of more than 30% compared with 2019. According to this trend, the overseas business income of Listed Companies in 2021 exceeds that in 2020, which is a high probability event.
contribution of 22 shares to overseas income
hit a five-year high
Among the listed companies that have issued annual reports for 2021, 63 are involved in overseas business, and the overseas business income of Zte Corporation(000063) , Qingdao Sentury Tire Co.Ltd(002984) , Shenzhen H&T Intelligent Control Co.Ltd(002402) and other listed companies in 2021 exceeded 4 billion yuan.
Vertically, the contribution of overseas revenue (overseas business revenue / total revenue) of the seven companies exceeds 50%, including Qingdao Sentury Tire Co.Ltd(002984) , Sino Biological Inc(301047) , Shenzhen H&T Intelligent Control Co.Ltd(002402) , etc. the contribution of overseas revenue of the first two companies exceeds 75% Qingdao Sentury Tire Co.Ltd(002984) nearly 90% of the revenue comes from overseas. The company is a benchmark enterprise in Intelligent Manufacturing in the tire industry. Last year, there was strong demand in the overseas market Bece Legend Group Co.Ltd(000803) , Anhui Xinbo Aluminum Co.Ltd(003038) and others touched overseas business for the first time in 2021.
In terms of horizontal comparison, the contribution of overseas revenue of 22 companies reached a new high in recent five years last year, of which five companies, including Zhejiang Crystal-Optech Co.Ltd(002273) , Shandong Taihe Water Treatment Technologies Co.Ltd(300801) , Lier Chemical Co.Ltd(002258) and others, contributed more than 30%. Taking Zhejiang Crystal-Optech Co.Ltd(002273) as an example, the proportion of overseas revenue of the company exceeded 65% for the first time in 2021 and nearly 60% in 2020 Ping An Bank Co.Ltd(000001) 2021: the overseas business income was 572 million yuan, doubling year-on-year.
12 shares account for a low proportion of overseas income
social security, QFII warehousing
The overseas capital market is deeply in turmoil, and the stock price fluctuation of companies with high proportion of overseas business income is more obvious. According to data treasure statistics, as of March 10, the share prices of the above 63 companies have fallen by more than 6% on average since March, and the share prices of the seven companies with overseas revenue accounting for more than 50% have fallen by more than 13% on average, significantly underperforming the Shanghai Stock Index. Except for Infotmic Co.Ltd(000670) suspension, the share prices of the other six companies have fallen by more than 9% since March.
Over reliance on overseas markets will more or less affect the company’s performance and stock price. According to the statistics of data treasure, the proportion of overseas income at the end of 2021 was less than 30%, and there were 12 companies of social security fund or QFII (Qualified Foreign Institutional Investor) that increased their positions month on month at the end of 2021, of which Ping An Bank Co.Ltd(000001) , Wuhu Fuchun Dye And Weave Co.Ltd(605189) , shengmei Shanghai and other four shares accounted for less than 2%.
The share prices of 12 companies have fallen by an average of 4% since March, slightly outperforming the Shanghai stock index. Last year, Tangshan Sunfar Silicon Industry Co.Ltd(603938) rose more than 18% against the trend, and Beijing Huafeng Test & Control Technology Co.Ltd(688200) rose more than 6% against the trend.
At the end of 2021, the social security fund increased its positions month on month in shengmei Shanghai, Kbc Corporation Ltd(688598) , Anhui Xinbo Aluminum Co.Ltd(003038) , all of which exceeded 1.5 percentage points; QFII has increased its positions month on month, including Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) , Wuhu Fuchun Dye And Weave Co.Ltd(605189) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , etc.
