Xie Zhiyu intervened in Xinjiang Daqo New Energy Co.Ltd(688303) , Shi Bo bought Ningbo Yunsheng Co.Ltd(600366) … With the release of 2021 annual reports of listed companies, the shareholding of some top fund managers has emerged one after another. Funds have appeared in the list of the top ten circulating shareholders of several high-performance companies.
On March 16, A-Shares rebounded. The latest annual report also shows that some A-share high-quality companies are operating well. The agency believes that China’s economy and the profits of A-share enterprises have certain toughness, the overall downward space of the market is limited, the adjusted cost performance is gradually highlighted, or a better rebound time window may be ushered in.
institutions actively involved in high performing companies
According to the data, as of March 15, 216 A-share listed companies have released the annual report of 2021, and more than 1000 companies have released the performance express of 2021.
Among the companies that have issued annual reports or performance letters, 924 companies have achieved performance growth. Among them, the net profit of 14 companies increased by more than 1000% in 2021. At present, Nuode Investment Co.Ltd(600110) , Sichuan Hebang Biotechnology Co.Ltd(603077) , Guangdong Tonze Electric Co.Ltd(002759) and Guangdong Tonze Electric Co.Ltd(002759) , with a large increase of 740993%, 728428% and 701134% respectively. In 2021, there were 28 companies with net profits exceeding 10 billion yuan. At present, the three companies with the largest net profits are China Merchants Bank Co.Ltd(600036) , Cosco Shipping Holdings Co.Ltd(601919) , Industrial Bank Co.Ltd(601166) , with net profits of 119922 billion yuan, 89.296 billion yuan and 82.68 billion yuan respectively.
According to the annual report, companies with outstanding performance are generally favored by institutions. For example, among the top ten circulating shareholders of Guangdong Tonze Electric Co.Ltd(002759) with a large increase in net profit, there are two funds selected by China industry boom and China prosperity. The two funds hold Guangdong Tonze Electric Co.Ltd(002759) 3884200 shares and 1541600 shares respectively. Zangger mining, whose net profit increased by 523.60% last year, also has two funds of Xincheng emerging industry and Xinda Aoyin new energy selection, which have newly entered the top ten circulating shareholders, while the theme of Oriental new energy automobile has increased its holdings of Zangger mining.
Companies such as Ping An Bank Co.Ltd(000001) , Citic Pacific Special Steel Group Co.Ltd(000708) and others with good performance last year, as well as Boshi theme industry mix, national social security fund 16011 portfolio and national social security fund 117 portfolio, have entered the ranks of the top ten circulating shareholders.
top flow fund manager positions revealed
With the disclosure of the annual reports of listed companies, the positions of some top flow fund managers have surfaced. On the evening of March 15, Xinjiang Daqo New Energy Co.Ltd(688303) released the 2021 annual report, which showed that Xie Zhiyu’s Xingquan Herun and Xingquan Heyi management, Xingquan new vision of relocation management, selection of blue chips for investment promotion by Wang Jing management and strict selection of growth of investment promotion Jin’an for one year all appeared among the top ten circulating shareholders of the company. Except for the selected increase of Xinjiang Daqo New Energy Co.Ltd(688303) shares held by China Merchants blue chip, other funds are the top ten circulating shareholders of the new company.
According to the Ningbo Yunsheng Co.Ltd(600366) annual report released on the same day, Nanfang xingrun value managed by Shi Bo holds the top ten circulating shareholders of the new company and Ningbo Yunsheng Co.Ltd(600366) 4470300 shares a year.
In addition, China Europe healthcare managed by Glenn increased its stake in Suzhou Nanomicro Technology Co.Ltd(688690) . China Europe healthcare holds Suzhou Nanomicro Technology Co.Ltd(688690) 1363400 shares and is the new top ten circulating shareholders.
The growth value of Ruiyuan managed by Fu Pengbo and Zhu Yu appears in the list of the top ten circulating shareholders of many companies. Ruiyuan growth value has increased its shares in Wanhua Chemical Group Co.Ltd(600309) , Shanghai Bright Power Semiconductor Co.Ltd(688368) , Suzhou Maxwell Technologies Co.Ltd(300751) , Hunan Sokan New Materials Co.Ltd(688157) , and other companies. Xingquan Herun, managed by Xie Zhiyu, reduced its holdings of Wanhua Chemical Group Co.Ltd(600309) , and Dongfang hongruiyuan, managed by Han Dong, reduced its holdings of Shanghai Bright Power Semiconductor Co.Ltd(688368) .
Zhu Shaoxing also increased his shareholding in several companies. Fuguo Tianhui, which he managed, entered the top ten circulating shareholders of Hangzhou Youngsun Intelligent Equipment Co.Ltd(603901) with a shareholding of 8531800 shares and ranked sixth. In addition, Wells Fargo Tianhui also increased its holdings of Shenzhen H&T Intelligent Control Co.Ltd(002402) , holding 278045 million shares.
GF double engine upgrading, GF Innovation Upgrading and GF diversified emerging managed by Liu Gesong are the top ten circulating shareholders of Shandong Wit Dyne Health Co.Ltd(000915) . GF dual engine upgrade and GF innovation upgrade reduced its holdings of the stock, and the number of shares held by GF diversified emerging companies remained unchanged.
focus on “high boom growth” varieties
On March 16, A-Shares rebounded sharply. Standing at the time point of “annual report season”, how do institutions judge the future market? The macro strategy Department of GF said that some A-share high-quality companies operate well, and the Chinese economy and the profits of A-share enterprises have certain toughness. From the perspective of valuation, after adjustment, the current A-share valuation already has investment value. Whether assessed from valuation or risk premium, the early market decline has released a certain risk. As the first quarterly report of listed companies will be released gradually, the stock price is expected to return to fundamentals. At present, the prosperity of sub sectors related to new energy is relatively high. It is suggested to gradually pay attention to “high prosperity growth” varieties, such as photovoltaic, wind power, etc.
HSBC Jinxin Fund pointed out that after rapid adjustment, the market valuation fell back to the central low position, and there have been many cost-effective investment opportunities. In the long run, the strategy of buying at an undervalued position and waiting for valuation repair has high certainty. In the short term, the factors that suppress the market in the early stage are gradually alleviated, and we may be more optimistic about the future market.
“The investment value of A-share annual structural investment opportunities in the medium and long-term dimension has emerged.” AXA Puyin Fund believes that the release period of the first quarterly report is an important time window for performance verification, as well as a time window for correcting the matching between performance and valuation. New energy vehicles, military industry, photovoltaic, medicine and other sectors that can reflect the profitability beyond expectations have repair opportunities. In addition, the steady growth sectors with defensive attributes such as real estate and consumption also deserve attention.
