A shares have been continuously adjusted, the cost performance has gradually appeared, and the wave of repurchase of listed companies has continued.
On March 14, A-share repurchase wave reappeared:
If the price to be repurchased is not less than RMB 5000 within half a year and is not less than RMB 3000 .
Ningbo Jintian Copper (Group) Co.Ltd(601609) plans to repurchase no less than 150 million yuan and no more than 300 million yuan at a price of no more than 12.65 yuan within one year.
Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) plans to buy back no less than 30 million yuan and no more than 60 million yuan at a price of no more than 25 yuan within one year.
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In addition to repurchase, the annual reports of listed companies are also gradually emerging. The excellent transcripts of several industry leaders have been released successively.
repurchase wave continues
On March 14, Ningbo Peacebird Fashion Co.Ltd(603877) took the lead in disclosing the company’s repurchase plan. The company plans to repurchase the company’s shares in the form of centralized bidding transaction with its own funds for the implementation of equity incentive plan or employee stock ownership plan. The repurchase price is no more than 30 yuan / share (inclusive), and the total repurchase fund is no less than 50 million yuan and no more than 100 million yuan, The repurchase period shall be within 6 months from the date when the board of directors deliberates and approves the share repurchase plan.
Subsequently, Ningbo Jintian Copper (Group) Co.Ltd(601609) , Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) , Centre Testing International Group Co.Ltd(300012) , Zhongshan Broad-Ocean Motor Co.Ltd(002249) , Longzhu technology, Guangdong Tapai Group Co.Ltd(002233) and other listed companies successively issued announcements on share repurchase.
A shares have been adjusted continuously. Why do listed companies release repurchase plans at this time Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) ‘s announcement is quite representative.
Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) pointed out that based on the firm confidence in the company’s future development prospects and the high recognition of the company’s long-term value, in order to safeguard the interests of investors, especially small and medium-sized investors, enhance investor confidence, and further improve the company’s long-term incentive mechanism, fully mobilize the enthusiasm and creativity of the company’s management team, core backbone and excellent employees, Attract and retain excellent talents, effectively combine the interests of shareholders, the company and the personal interests of the core team, so that all parties can jointly create greater value for the long-term development of the company, promote the high-quality sustainable development of the company, and bring sustained and stable returns to shareholders.
Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) also said that under the comprehensive consideration of the company’s operation, business development prospects, financial status, future profitability and other factors, the company plans to use its own funds to repurchase some RMB common shares (A shares) issued by the company in China in the form of centralized bidding transaction for the later implementation of employee stock ownership plan or equity incentive.
Sealand Securities Co.Ltd(000750) strategy team pointed out that since December 2021, under the influence of many factors, the overall valuation level of the market has significantly corrected, and the downward range of valuation has exceeded 20%. At present, the valuation quantile of Wande quana has fallen below 50% in recent 10 years, the cost performance of A-share market has gradually appeared, and there is an opportunity to repair the valuation in the process of oversold rebound.
In terms of industries and racetracks, Sealand Securities Co.Ltd(000750) strategy team said that at present, the valuation quantile of more than two-thirds of industries in recent 10 years has fallen below the 50% level. Although the valuation level of the steady growth sector has risen, the safety margin is still relatively high, and the valuation quantile is less than 10%; Consumption and growth of the hot track performance differentiation, Baijiu, new energy vehicles and photovoltaic panels in the past 7 years, the valuation of the sub adjustment to about 70%, CXO, semiconductor sector valuation sub points have dropped to around 10%, the value of configuration began to appear.
Sealand Securities Co.Ltd(000750) strategy team believes that on the whole, the contradiction of “expensive” in the market has been greatly alleviated after the early market adjustment. Structurally, the valuation of small and medium-sized market style is at the bottom of the historical range, which has a higher margin of safety than the large market. In addition, after preliminary adjustment, the current valuation of growing industries such as medicine and electronics has returned to a reasonable level, and the cost performance has gradually appeared. From the expected valuation level in 2022, the valuation quantile of most broad-based indexes in 2022 will fall below 25%, and the median valuation quantile of the industry will further decline to about 20%, which means that the valuation adjustment is basically in place.
industry leaders’ transcripts are released, and these companies deserve attention
In addition to repurchase, the annual reports of listed companies are also being disclosed one after another.
The reporter found that leaders in some industries have handed over good transcripts.
According to the annual report data disclosed by Wanhua Chemical Group Co.Ltd(600309) the leading enterprise of new chemical materials, the net profit in 2021 was 24.649 billion yuan, a year-on-year increase of 145.47%; The operating revenue was 145538 billion yuan, an increase of 98.19% year-on-year; The company plans to “send 25 yuan for 10”.
The leading aviation industry enterprise Avic Heavy Machinery Co.Ltd(600765) 14 released its 2021 annual report, saying that the net profit attributable to the owner of the parent company in 2021 was 891 million yuan, a year-on-year increase of 159.05%; The operating revenue was 8.79 billion yuan, a year-on-year increase of 31.23%.
According to the data of Harbin Dongan Auto Engine Co.Ltd(600178) annual report, which is mainly engaged in automobile engines and other parts, the operating revenue in 2021 was 6.586 billion yuan, a year-on-year increase of 22.35%; The net profit attributable to the shareholders of the listed company was 906751 million yuan, a year-on-year increase of 104.8%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 470376 million yuan, a year-on-year increase of 270.87%.
China Securities Co.Ltd(601066) pointed out that from the perspective of equity risk premium, the relative cost performance of stock assets has been highlighted with the continuous adjustment of the recent market. At present, the valuation of the market index has been adjusted to the level near the end of 2019, so we think we can gradually be optimistic in the current position.
“Stick to the performance as the anchor and grasp the boom blue chip stocks,” China Securities Co.Ltd(601066) suggested that this week, many key companies announced the operation from January to February 2022, effectively stabilizing market sentiment and improving optimistic expectations. Looking forward to the possible first quarter market in mid and late March, combined with the prosperity data of various sectors tracked from January to February and the feedback of industry researchers, it is expected that the segments expected to exceed the expectation will mainly focus on: 1) some cyclical products with upward boom, such as new energy metals, crude oil, nonferrous metals, coal and shipping; 2) Among the steady growth sectors, banks and infrastructure central enterprises took the lead in the first quarter; 3) Among the growth sectors, CXO, photovoltaic modules, IGBT and semiconductor materials, military upstream, diaphragm and power battery leader, Gigabit broadband, etc. remained in high prosperity and had no obvious damage to profitability in the first quarter; 4) Last year’s performance was significantly damaged, and railways and thermal power that are expected to recover in the first quarter
A shares significantly adjusted the industrial capital, but accelerated the entry against the trend! When it comes to “others fear my greed”?
Several industry leaders have sold huge repurchase schemes, and the express leaders have repurchased more than 1 billion
