The disclosure of annual reports of listed companies has entered an intensive period. According to the data, by the time of press release on March 23, more than 411 listed companies had disclosed their 2021 annual reports, and the position adjustment trend of long-term funds such as social security fund, insurance capital and QFII was also emerging. According to the annual report, on the whole, non-ferrous metals, medicine, biology, electronics and other industries with excellent performance are most favored by long-term funds.
long-term funds appear in more than 50 listed companies
According to the data, as of March 23, the social security fund had appeared among the top ten circulating shareholders of 56 companies. From the perspective of shareholding market value, the three stocks most favored by the social security fund are Zijin Mining Group Company Limited(601899) , Wanhua Chemical Group Co.Ltd(600309) , China Jushi Co.Ltd(600176) , with shareholding market values of 3.893 billion yuan, 3.264 billion yuan and 2.404 billion yuan respectively Thunder Software Technology Co.Ltd(300496) , Citic Pacific Special Steel Group Co.Ltd(000708) shares held by social security fund also rank among the top in market value.
From the operation in the fourth quarter of last year, the social security fund increased its holdings of non-ferrous metals, steel, coal and other industries in the fourth quarter. According to the data, Zijin Mining Group Company Limited(601899) is also the listed company with the largest number of shares increased by the social security fund in the fourth quarter, with a total increase of 711429 million shares compared with the third quarter Nanjing Iron & Steel Co.Ltd(600282) also obtained 56.94 million additional shares held by the social security fund in the fourth quarter. In addition, the social security fund also increased its holdings of Shanxi Coking Coal Energy Group Co.Ltd(000983) , Cgn Power Co.Ltd(003816) , Citic Pacific Special Steel Group Co.Ltd(000708) by more than 10 million shares.
At the same time, the social security fund also entered the top ten circulating shareholders of 13 listed companies in the fourth quarter, including Shanghai Fudan Microelectronics Group Co.Ltd(688385) , Yunnan Aluminium Co.Ltd(000807) , Xinjiang Zhongtai Chenical Co.Ltd(002092) , China Telecom Corporation Limited(601728) . Among them, Yunnan Aluminium Co.Ltd(000807) holds 367008 million new non-ferrous metal shares of the social security fund.
Insurance capital positions are still dominated by large financial sectors. According to the data, as of March 23, among the top ten circulating shareholders of 56 listed companies, the top three stocks with positions in market value were Ping An Bank Co.Ltd(000001) , China Merchants Bank Co.Ltd(600036) , China United Network Communications Limited(600050) . However, in the fourth quarter, insurance capital also reduced the holdings of individual stocks in some major financial sectors, with a total reduction of China Merchants Bank Co.Ltd(600036) 161 million shares and China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) 75455200 shares.
It is worth noting that insurance capital also entered a number of stocks in the fourth quarter, including electronics, building materials and other industries. For example, Zte Corporation(000063) , Hangzhou First Applied Material Co.Ltd(603806) , Anhui Tongfeng Electronics Company Limited(600237) , Sinoma International Engineering Co.Ltd(600970) , etc. Among them, Zte Corporation(000063) obtained 28032500 new shares of insurance capital and Sinoma International Engineering Co.Ltd(600970) obtained 132006 new shares.
QFII, known as “smart money”, appeared among the top ten circulating shareholders of 71 listed companies. The top three stocks with position market value are satellite chemistry and Beijing New Building Materials Public Limited Company(000786) , with position market value of 2.112 billion yuan, 1.963 billion yuan and 1.898 billion yuan respectively. In terms of industry, QFII added positions in several non-ferrous metal, chemical, pharmaceutical and biological stocks in the fourth quarter of last year. In terms of new stocks, QFII prefers small and medium-sized stocks. In the fourth quarter, QFII held 39 new stocks, all of which are small and medium-sized stocks with a market value of no more than 40 billion yuan, and more than 30 stocks with a market value of less than 10 billion yuan.
top rated industry
From the overall position adjustment track of social security fund, insurance capital and QFII, many high performing industries, including nonferrous metals, biomedicine, chemical industry and electronics, have become the key objects of long-term capital increase or new progress. For example, as one of the key industries of social security and QFII in the fourth quarter, from the annual report and performance forecast of listed companies currently disclosed, many listed companies in the non-ferrous metal sector have excellent performance.
According to the data, as of March 23, the operating revenue of 24 non-ferrous metal listed companies that have disclosed the annual report of 2021 has achieved positive growth, and the net profit attributable to the parent company has achieved positive growth The net profit of 9 listed companies, including Aluminum Corporation Of China Limited(601600) , Yunnan Aluminium Co.Ltd(000807) , Guangdong Orient Zirconic Ind Sci And Tech Co.Ltd(002167) , Zijin Mining Group Company Limited(601899) increased by more than 100% According to the Aluminum Corporation Of China Limited(601600) annual report, the company’s operating revenue in 2021 was 269748 billion yuan, an increase of 45.03% year-on-year; The net profit attributable to shareholders of listed companies was 5.080 billion yuan, a year-on-year increase of 564.60% Yunnan Aluminium Co.Ltd(000807) 2021 annual report also shows that the company’s operating performance has achieved “three consecutive increases”, and the revenue in 2021 will reach 41.669 billion yuan, a year-on-year increase of 40.90%; The net profit attributable to shareholders of listed companies was 3.319 billion yuan, a year-on-year increase of 267.74%.
On the other hand, the pharmaceutical industry, which is “falling and buying” by QFII, also performed well in 2021. In terms of performance, among the 32 listed pharmaceutical and biological companies that have disclosed their annual reports, 21 have achieved double growth in operating revenue and net profit. The net profit of four companies including Beijing Wantai Biological Pharmacy Enterprise Co.Ltd(603392) , Teyi Pharmaceutical Group Co.Ltd(002728) and 17 listed companies has increased by more than 100%, and the net profit of 17 listed companies has increased by more than 20%. Many listed companies, including Beijing Leadman Biochemistry Co.Ltd(300289) have turned losses into profits compared with last year.
Insiders said that on the whole, the positions of social security fund, insurance capital and QFII are mainly arranged in industries with rapid performance growth and high market prosperity, which is basically consistent with the previous style. With the intensive disclosure of annual reports and first quarter reports, individual stocks with high performance are also expected to become the focus of institutional attention Chen Guo, chief strategy officer of China Securities Co.Ltd(601066) securities, said that the segments whose future performance is expected to exceed expectations may focus on: some cyclical products with upward boom; Among the steady growth sectors, banks, infrastructure and growth sectors that took the lead in the first quarter, CXO and photovoltaic modules that maintained high prosperity and did not significantly damage their profitability in the first quarter.
