When the market fluctuates, the share prices of high-quality listed companies show cost-effective advantages.
Recently, many listed companies in Shenzhen stock market announced to repurchase equity and use it for equity incentive and employee stock ownership plan, including Midea Group Co.Ltd(000333) , Eve Energy Co.Ltd(300014) and other industry leaders. Other companies send positive signals to the outside by increasing the holdings of directors, supervisors and senior managers.
Whether repurchase or increase, confidence is based on the good fundamentals of the company. On the whole, the performance of Listed Companies in Shenzhen stock market is stable in 2021, and the operating data of many companies at the beginning of 2022 are commendable Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , Beijing Easpring Material Technology Co.Ltd(300073) and other companies are full of orders and booming production and marketing. The revenue from January to February has doubled year-on-year growth. Some analysts say that the “market bottom” of A-Shares has been confirmed twice and has certain investment value at present.
buy back and increase holdings to show confidence
The value of high-quality listed companies has been recognized. The reporter noted that recently, a number of Shenzhen listed companies have come up with real gold and silver repurchase or shareholding increase plans, demonstrating their confidence in the company’s development prospects.
Midea Group Co.Ltd(000333) ( Midea Group Co.Ltd(000333) ) disclosed the repurchase plan on March 10. The planned repurchase amount is 2.5-5 billion yuan, and the repurchase price does not exceed 70 yuan / share. According to the calculation of the repurchase amount range, the number of shares repurchased is expected to be 357143 million to 714286 million, accounting for 0.51% to 1.02% of the total share capital. The repurchased shares will be used to implement the company’s equity incentive plan and / or employee stock ownership plan.
Eve Energy Co.Ltd(300014) ( Eve Energy Co.Ltd(300014) ) also announced on the same day that it planned to spend 150 million yuan to 300 million yuan to buy back shares at a price of no more than 129 yuan / share. It is estimated that the number of shares to be repurchased will be 1162800 to 2325600 shares, accounting for 0.06% to 0.12% of the current total share capital of the company. Share repurchases will also be used to implement employee stock ownership plans or equity incentives.
In addition, some companies have recently completed the first repurchase. For example, Amoy Diagnostics Co.Ltd(300685) ( Amoy Diagnostics Co.Ltd(300685) ) repurchased 283400 shares by centralized bidding for the first time on March 9, accounting for 0.13% of the total share capital, with a total investment of 139371 million yuan Anhui Anke Biotechnology (Group)Co.Ltd(300009) ( Anhui Anke Biotechnology (Group)Co.Ltd(300009) ) also repurchased 200000 shares for the first time recently, accounting for 0.01% of the total share capital, with a transaction amount of about 2 million yuan.
In addition to repurchasing shares, some companies have offered share increase plans such as Dong Jiangao and employee stock ownership plan. On March 9, Thunder Software Technology Co.Ltd(300496) ( Thunder Software Technology Co.Ltd(300496) ) disclosed the share increase plan. Zou Pengcheng, vice chairman of the company, Wang Huanxin, director, chief financial officer and Secretary of the board of directors, each held more shares of no less than 6 million yuan, and Sun Tao, deputy general manager, held more shares of no less than 3 million yuan. The share increase plan will be completed in the next six months.
Kingnet Network Co.Ltd(002517) ( Kingnet Network Co.Ltd(002517) ) also announced recently that Shen Jun, vice chairman and deputy general manager of the company, and Chen yongcong, director and general manager of the company, plan to increase the shares of the company with a total amount of no less than 30 million yuan, which is planned to be completed in the next six months.
Jiangsu Eastern Shenghong Co.Ltd(000301) ( Jiangsu Eastern Shenghong Co.Ltd(000301) ) announced the second phase of the employee stock ownership plan on March 11. The initial total amount of funds to be raised is no more than 3.26 billion yuan, of which the self raised funds of employees are no more than 1.63 billion yuan. According to the previous day’s closing price of 15.84 yuan / share, the upper limit of the number of shares that can be purchased and held by the employee stock ownership plan is 206 million shares, accounting for 3.46% of the total share capital. The company also disclosed that the controlling shareholder and some employees of its affiliated enterprises intend to increase their shares in the company, with a total fund-raising of no more than 1.468 billion yuan.
many companies show solid “family background”
Disturbance factors frequently appeared in the market at the beginning of the year, but many “top students” of listed companies still performed well. The business data from January to February increased solidly, setting a “good start” for the development of the whole year in 2022.
On March 13, Asymchem Laboratories (Tianjin) Co.Ltd(002821) ( Asymchem Laboratories (Tianjin) Co.Ltd(002821) ) announced that according to the company’s preliminary accounting, the operating revenue from January to February increased by more than 130% year-on-year. The company expects that the operating revenue in the first quarter of 2022 will increase by more than 150% year-on-year, with an amount of more than 2 billion yuan Asymchem Laboratories (Tianjin) Co.Ltd(002821) also said that the company has maintained a strong growth momentum this year. While continuing to undertake large orders, the business of other sectors showed a momentum of accelerated growth. From January to February, the scale of orders on hand and the growth of revenue reached a record high.
Guangzhou Tinci Materials Technology Co.Ltd(002709) ( Guangzhou Tinci Materials Technology Co.Ltd(002709) ) also announced that from January to February, the company achieved an operating revenue of about 3.3 billion yuan, an increase of about 260% year-on-year; The net profit attributable to the parent company was about 860 million yuan, with a year-on-year increase of about 470%. The company said that from January to February, the industry related to new energy vehicles maintained a high momentum of development, the production and sales of the company’s main products were booming, the new production capacity climbed smoothly, and the self-production rate of main raw materials increased steadily.
Beijing Easpring Material Technology Co.Ltd(300073) ( Beijing Easpring Material Technology Co.Ltd(300073) ), which is also part of the lithium battery industry chain, is also in a high momentum. From January to February, the company achieved a total operating revenue of about 2.348 billion yuan, an increase of about 202.21% year-on-year; The net profit attributable to the parent company was about 230 million yuan, with a year-on-year increase of about 113.91% Beijing Easpring Material Technology Co.Ltd(300073) revealed that since 2022, the company’s lithium battery cathode material business has maintained a rapid growth momentum, and the production capacity has maintained a full capacity state.
Looking back, Shenzhen listed companies showed vitality and resilience in 2021. According to the data, as of March 9, 2022, 1772 listed companies in Shenzhen had pre disclosed their operating performance in 2021, accounting for 68.02% of the number of Companies in Shenzhen. Among them, more than 70% of the companies are expected to make profits, and more than 60% of the companies are expected to make profits in advance. Among the 1320 companies expected to make profits, 674, 426, 80 and 23 companies are expected to have a year-on-year increase in net profit of more than 50%, 100%, 300% and 1000% respectively.
Overall, the current value of A-Shares has been highlighted, especially companies with good fundamentals are expected to stand out Citic Securities Company Limited(600030) believes that A-Shares have recently suffered serious emotional catharsis due to the superposition of internal and external risks, and there have been three serious deviations. On the one hand, the recent A-share overshoot has seriously deviated from the tone of China’s loose policy and stable growth; Investor sentiment is seriously deviated from China’s sound economic fundamentals; The current valuation level of A-Shares is seriously deviated from the historical and global comparable valuation level. Analysts judge that the “bottom of the market” of A-Shares has been confirmed twice, and will usher in the resonance upward of value and growth with the repair of the three deviations.
Xie Zhiyu, deputy general manager of Xingzheng Global Fund, also said recently that the current market has fully reflected everyone’s concerns about the future. At the current time point, there is no reason to be particularly pessimistic. On the contrary, the difficulty of investment is decreasing. From a medium and long-term perspective, a stock market has certain investment value.
