Since this year, the A-share market has fluctuated downward, and the overall valuation has dropped significantly. For securities companies, in addition to continuing to look for investment opportunities in the annual report, their attention to the high growth opportunities that may exist in the first quarterly report has gradually increased.
According to the data, among the listed companies that have released the performance forecast for the first quarter of 2022, most of them are expected to be happy, which are intensively distributed in the computer, software information, chemistry and other industries. Looking forward to the future, a number of securities companies said that the growth track may usher in the investment window again, and semiconductor and other fields deserve attention.
pre hi company continues to increase
The number of companies with promising performance in the first quarter has continued to increase recently. According to the data, as of the press release on March 22, 53 A-share listed companies have disclosed their operations in the first quarter of 2022 in the performance forecast or relevant announcements, and as many as 46 companies are expected to increase their net profits or turn losses year-on-year. Based on the lower limit of the increase in the predicted net profit, there are as many as 15 companies with an increase of more than 100%.
Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) recently released the announcement of pre increase of performance in the first quarter of 2022. The company expects the net profit attributable to the parent company to increase by 313% to 349% compared with the same period of last year. On March 22, Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) shares opened higher, rising by more than 6% during the session, narrowing to 2.21% by the end of the closing, with a cumulative increase of more than 11% this year.
Sichuan Yahua Industrial Group Co.Ltd(002497) expects the net profit attributable to the parent company in the first quarter to be RMB 900 million to RMB 1.2 billion, with a year-on-year increase of 105367% to 143822%, which is far ahead of the above 46 companies. Two trading days after the release of the first quarter performance forecast, Sichuan Yahua Industrial Group Co.Ltd(002497) share price rose continuously.
Since this year, the A-share market has fluctuated and adjusted. In addition to disclosing the performance forecast of the first quarter, a number of listed companies have unprecedented released their business data for the first two months. In the view of insiders, this is a good fundamental observation index. The performance of the first quarter report is expected to exceed the expected variety value, which has attracted the attention of investors.
Chen Guo, chief strategy officer of China Securities Co.Ltd(601066) securities, pointed out that from the situation since 2015, the market performance was strong before and after the disclosure period of the first quarterly report, that is, from late March to early April, especially from March 25 to April 10. The effect was more obvious. Except 2017, the yield of the whole a index in this time range was almost more than 2%. At the same time, there is a certain positive correlation between the performance growth of the company’s first quarterly report and the market performance in the first quarterly report.
multiple factors boost performance growth
What factors promoted the performance growth of the above listed companies in the first quarter of this year? It is found that the improvement of industrial prosperity, the rise of main product prices and the company’s own active development of business layout are more mentioned by listed companies.
Taking Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) as an example, when explaining the reasons for the growth of performance in the first quarter of this year, the company said that the main products of the company, including glyphosate, silicone, industrial silicon and so on, have continued the boom since 2021 due to the influence of supply and demand, and the product prices continue to operate at a high level. In addition, the company actively grasped market opportunities, flexibly adjusted business strategies and continuously optimized product structure, which ensured the maximization of the company’s business benefits and promoted the effective improvement of business performance.
Sichuan Kelun Pharmaceutical Co.Ltd(002422) it is estimated that the net profit attributable to the parent company in the first quarter of 2022 will increase by 50% to 70% year-on-year. In this regard, the company said that in the first quarter, the company made every effort to expand the market of infusion and non infusion preparations, continued to optimize the product structure, and the sales revenue and gross profit of infusion and non infusion preparations increased year-on-year; The company continued to produce large quantities of generic drugs; The price of main products of Yili CHUANNING Biotechnology Co., Ltd., a holding subsidiary, rose year-on-year, driving the year-on-year growth of the company’s operating revenue, gross profit and net profit.
Technological innovation is also an important driving force for the year-on-year growth of the performance of some companies Shandong Yanggu Huatai Chemical Co.Ltd(300121) it is estimated that the net profit attributable to the parent company in the first quarter of 2022 will increase by 8.32% to 30.89% year-on-year. In the performance forecast, the company said that in recent years, the company adhered to scientific and technological innovation, and the profitability of processing system additives and some high-end high-performance varieties increased steadily during the reporting period. At the same time, it actively expanded the development and certification of green rubber additives by customers, made good progress, and the net profit level increased year-on-year.
intensively distributed in the field of scientific and technological growth
From the perspective of industry distribution, according to the industry classification of the CSRC, the 46 companies whose performance is expected in the above quarterly report belong to the manufacturing industry of chemical raw materials and chemical products and the manufacturing industry of computers, communications and other electronic equipment, with the largest number, with 6 companies; The number of companies belonging to the software and information technology services industry followed closely, with a total of 5; There are four companies in the pharmaceutical manufacturing industry, electrical machinery and equipment manufacturing industry. On the whole, performance pre hi companies are intensively distributed in the field of scientific and technological growth.
Orient Securities Company Limited(600958) strategic analyst Xue Jun believes that with the phased implementation of the Fed’s interest rate hike and the approaching disclosure period of the first quarterly report, the growth track may usher in the investment window period again. It is suggested to pay attention to semiconductor, photovoltaic, wind power, energy storage, automotive intelligence and other tracks that benefit from the booming downstream demand and large long-term space.
Lin rongxiong, chief strategic analyst of Anxin securities, predicts that the performance in the first quarter of 2022 may continue to exceed expectations, including lithium, shipping, non-ferrous metals (nickel, cobalt, etc.), fuel cells, semiconductor equipment, nuclear power, fluorine chemical industry, potash fertilizer, discrete devices, power coal, etc; The subdivision directions that may reverse the performance in the first quarter include trade, express delivery, comprehensive energy equipment, cloud infrastructure services, meat products, lifting and transportation equipment, lighting electricians, etc. Investors are advised to look for a direction with high performance certainty at a low level.
