The disclosure of annual reports of A-share listed companies in 2021 is in full swing, and some companies have announced the performance forecast for the first quarter of 2022, which has undoubtedly become the focus of attention of all parties. Industry insiders agreed that recently, in the face of shocks and uncertainties in the A-share market, it is recommended to find the direction of performance certainty and tap the investment opportunities of high growth stocks in the first and quarterly reports of the annual report. To this end, this newspaper combs and analyzes the investment opportunities of Nuggets’ blue chip stocks from three aspects: annual report, quarterly performance, A-share dividend and monthly operating data.
annual report and first quarter forecast net profit of 28 companies increased
With the gradual disclosure of the transcripts of listed companies. It can be seen that from the current performance disclosure, the profitability of A-share listed companies still shows a stable and positive trend, and the performance of some companies in the annual report of 2021 and the first quarter report of 2022 has increased.
Insiders generally believe that although the current A-share market shows a volatile trend, it still maintains a steady development momentum for a long time. The market excess return mainly depends on the catalysis of performance fundamentals, and the disclosure of performance may play a clear card for investors.
According to the data, as of the closing on March 25, 519 A-share companies had disclosed the annual report of 2021, of which 374 companies’ net profit attributable to the parent company increased year-on-year, accounting for 72.06%. In addition, 62 companies disclosed the performance forecast of the first quarter of this year, and 51 companies were expected to be happy, accounting for 82.26%. At the same time, a total of 28 companies showed double year-on-year growth in their annual report and quarterly forecast net profit.
Since March, A-Shares have continued to fluctuate. Among the above 28 double growth stocks, 19 stocks have callback in varying degrees, accounting for 67.86%. In this regard, Yang Delong, chief economist of Qianhai open source fund, believes that the recent decline in blue chip stocks is not a fundamental problem, but affected by external factors. The decline of good companies provides allocation opportunities for value investors. Especially now, entering the performance disclosure period, some blue chip companies deserve more attention from investors.
From the above 28 companies, some companies have been labeled as “growth king” Guangdong Tonze Electric Co.Ltd(002759) , Do-Fluoride New Materials Co.Ltd(002407) , Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) , Kbc Corporation Ltd(688598) , Anhui Annada Titanium Industry Co.Ltd(002136) , Nanjing Yunhai Special Metals Co.Ltd(002182) and other six companies doubled the growth of net profit attributable to the parent company last year and the pre increased net profit in the first quarter of this year. In addition, the net profit attributable to the parent company of kangguan technology, Huaqin technology and Jinhui Co., Ltd. last year and the pre increased net profit in the first quarter of this year showed a year-on-year increase of more than 25%.
The persistence of performance growth is the confidence that investors dare to hold for a long time. According to the reporter’s statistics, the organization has predicted the performance of relevant leading companies.
China Greatwall Securities Co.Ltd(002939) said that Kbc Corporation Ltd(688598) has an absolute advantage in terms of scale, cost and technical R & D strength in the field of photovoltaic carbon thermal field, and the market share is expected to increase further and rapidly. It is estimated that the net profit attributable to the parent company from 2022 to 2024 will be 670 million yuan, 967 million yuan and 1223 million yuan respectively, with a year-on-year increase of 33.7%, 44.3% and 26.5% respectively. Maintain the “buy” rating.
Capital Securities said, Nanjing Yunhai Special Metals Co.Ltd(002182) as a leader in the magnesium industry, with the expansion of its own production capacity and the growth of downstream demand, its performance will continue to release. It is estimated that the operating revenue of the company from 2022 to 2024 will reach 14.635 billion yuan, 16.538 billion yuan and 22.032 billion yuan respectively, and the net profit attributable to the parent company will be 916 million yuan, 931 million yuan and 2.036 billion yuan respectively, maintaining the “buy” rating.
387 companies plan to pay 237487 billion yuan in cash dividends
84 companies intend to distribute cash of no less than 0.5 yuan per share
In late March, with the accelerated disclosure of 2021 annual reports by A-share listed companies, the dividend season will also come, and those companies that can distribute “red envelopes” have become the focus of investors. According to the data, as of the closing on March 25, a total of 387 companies in the A-share market planned to pay cash dividends, with a total amount of 237487 billion yuan.
nearly 50% of the company proposed dividend amount exceeds 100 million yuan
It is found that 182 of the above 387 companies intend to pay dividends of more than 100 million yuan, accounting for nearly 50%. Among them, China Merchants Bank Co.Ltd(600036) , Industrial Bank Co.Ltd(601166) , Ping An Insurance (Group) Company Of China Ltd(601318) , China Life Insurance Company Limited(601628) , China Telecom Corporation Limited(601728) , China Citic Bank Corporation Limited(601998) and other six companies intend to pay dividends of more than 10 billion yuan.
From the perspective of the dividend plan, the company’s proposed cash out per share from the dividend plan that comes from the dividend plan. The amount of cash per share proposed to be paid by the above companies ranges from $9 to $0.01. Of which, 30 Sino Biological Inc(301047) and other companies proposed to pay dividends per share of more than 2 yuan.
In this regard, Ma Cheng, chairman of juze investment, said in an interview with the reporter of Securities Daily that cash dividends are the source of income valued by many long-term funds. With the gradual improvement of the cash dividend mechanism of a shares, the total scale of cash dividends of A-Shares has steadily exceeded trillion yuan for four consecutive years. Cash dividends can convey confidence and vitality to investors and play an important role in stabilizing market sentiment, which reflects the stable operating status and good financial status of many listed companies. Like the repurchase of shares by executives of listed companies, cash dividends are also the “reassurance” for the stabilization and recovery of the market.
84 proposed higher dividend shares highlights four characteristics
It is noteworthy that 84 of the above 388 individual shares intend to pay cash of 0.5 yuan or more per share. These individual shares mainly show the following four characteristics:
First, nearly 90% of the company’s net profit increased year-on-year last year. Among the above 84 companies, 74 achieved year-on-year growth in net profit last year, accounting for more than 90%, of which 26 doubled year-on-year net profit last year The net profits of six companies, including Jiangsu Sopo Chemical Co.Ltd(600746) , Shanghai Bright Power Semiconductor Co.Ltd(688368) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , Xinjiang Daqo New Energy Co.Ltd(688303) , Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) and others, increased by more than three times year-on-year, with outstanding performance.
Second, more than 60% of the company has paid dividends continuously for nearly three years. The continuity of dividends also shows the continuous profitability of listed companies. The data show that 56 of the 84 companies have paid dividends continuously in recent three years, accounting for more than 60%.
Third, it is mainly concentrated in three major industries. From the perspective of industry distribution, these companies are mainly concentrated in three major industries: medicine, biology, electronics and basic chemical industry, with 17, 16 and 11 companies respectively.
Fourth, some stocks are favored by financiers. Since March, 30 of the above-mentioned 84 stocks have obtained additional positions from financing customers, with a total amount of 2.195 billion yuan, of which the net purchase amount of financing during the period of 6 stocks, including Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) , Industrial Bank Co.Ltd(601166) , Shede Spirits Co.Ltd(600702) , Xinjiang Daqo New Energy Co.Ltd(688303) , Wanhua Chemical Group Co.Ltd(600309) , exceeded 100 million yuan.
In this regard, Ma Cheng said that from the above characteristics, listed companies that can stably pay dividends all year round basically have the characteristics of large scale and high profit, and the industry is also in a good boom cycle stage.
Hu Bo, the manager of Rongzhi investment fund interviewed by the reporter of Securities Daily, said that high score bonus shares are a better investment choice. Although the overall return is considerable and highly deterministic, it needs to be held for a long time and bear the risk of short-term stock price fluctuations, which is not suitable for investors pursuing short-term returns.
Dongtuo investment fund manager Wang Chunxiu told reporters that high dividend stocks can usually outperform the index because of their stable performance, which is a good defensive choice.
nearly 100 companies disclose monthly operating data
brilliant performance boosts market confidence
Recently, A-Shares have fluctuated repeatedly, and the market risk aversion has increased. In the face of monthly fluctuations, investors began to release high-quality data to boost their confidence. According to incomplete statistics, as of March 25, a total of 96 A-share listed companies have released the main business data from January to February 2022, and the main performance indicators are very bright.
companies with double growth in revenue and net profit accounting for 75%
Data show that among the aforementioned 96 A-share listed companies, a total of 90 out of the aforementioned 96 A-share listed companies have achieved a year-on-year increase in operating revenue. Among them, the Hongda Xingye Co.Ltd(002002) 738 %.
Looking at the year-on-year increase in net profit, 76 of the above 96 enterprises achieved year-on-year increase in net profit, of which Unilumin Group Co.Ltd(300232) (2348%), Top Resource Conservation & Environment Corp(300332) (176674%) and Sinomine Resource Group Co.Ltd(002738) (117012%) had a year-on-year increase in net profit of more than 1000%; The net profit of 16 companies including Hebei Hengshui Laobaigan Liquor Co.Ltd(600559) , Tongwei Co.Ltd(600438) , Yongxing Special Materials Technology Co.Ltd(002756) , Jiangsu Lopal Tech.Co.Ltd(603906) , Sichuan Hebang Biotechnology Co.Ltd(603077) , etc. increased by more than 200% year-on-year.
The double growth of revenue and net profit usually means that the company’s performance is very excellent. Among the above 96 enterprises, a total of 72 companies achieved year-on-year growth in operating revenue and net profit from January to February, accounting for 75%. Among them, Top Resource Conservation & Environment Corp(300332) , Sinomine Resource Group Co.Ltd(002738) , Tongwei Co.Ltd(600438) , Yongxing Special Materials Technology Co.Ltd(002756) , Jiangsu Lopal Tech.Co.Ltd(603906) and other 39 companies achieved year-on-year growth of more than 30% in operating revenue and net profit, showing strong growth.
Further combing, it is found that among the companies that disclosed the operating data of the first two months of this year, there are many industry leaders such as Kweichow Moutai Co.Ltd(600519) , China Tourism Group Duty Free Corporation Limited(601888) , Wuxi Apptec Co.Ltd(603259) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , China National Nuclear Power Co.Ltd(601985) and Shandong Gold Mining Co.Ltd(600547) . On March 16, China National Nuclear Power Co.Ltd(601985) released the main operating data for the first two months of this year. The announcement shows that from January to February 2022, the company achieved a total operating revenue of about 10.9 billion yuan, a year-on-year increase of 27%; The net profit attributable to the shareholders of the listed company was about 1.6 billion yuan, a year-on-year increase of 50%. On March 17, Shandong Gold Mining Co.Ltd(600547) also released the main business data. The announcement shows that from January to February, the company’s total operating revenue increased by 19% year-on-year; The net profit attributable to shareholders of listed companies increased by 66% year-on-year.
Wu Qihong, chief researcher of Guangzhou Bandung Securities Consulting Co., Ltd., told the reporter of Securities Daily: “on the one hand, the industrial chain layout of industry leading companies is relatively mature and can stably deal with the impact of stock shortage or price rise on the company’s costs; on the other hand, under the background of the ‘double carbon’ goal, all enterprises are actively eliminating backward production capacity and promoting the improvement of industry concentration, which will surely benefit the leading enterprises.”
mainly focuses on electronics and other three industries
From the perspective of industry distribution, the above 96 enterprises are distributed in 22 Shenwan level industries, and are mainly concentrated in three industries such as electronics, power equipment and basic chemical industry, involving 11 companies; In addition, the number of Companies in the four major industries including medicine and Biology (9), food and beverage (7), automobile (6) and non-ferrous metals (6) also ranks in the forefront.
Yuan Huaming, general manager of Huahui Chuangfu investment, told the reporter of Securities Daily: “Against the backdrop of rising global commodity prices, electronics, power equipment, basic chemicals, non-ferrous metals and other major industries continue to be in a business cycle, and China’s steady growth policy will also help to prolong the business cycle of these industries. The food and beverage industry will take the lead in benefiting from the stabilization and recovery of China’s economy; in the automotive industry, new energy vehicles still maintain a rapid growth momentum, and the performance of corresponding enterprises continues to improve.”
Wu Qihong said: “driven by policies, the installed capacity of wind power, photovoltaic and other industries in the power equipment industry has continued to grow rapidly; since last year, the electronics industry has been in a state of ‘lack of core’, and the expansion of production by major manufacturers has driven the growth of performance in relevant fields; the backward production capacity of the chemical industry has been gradually cleared out, and the production capacity of chemical enterprises is limited, which has led to the rise in the price of chemical products and led to the improvement of the company’s performance.”
Statistics show that since this week (March 21 to March 25), among the above 96 stocks, 44 stocks have outperformed the Shanghai Stock Index (with a cumulative decline of 1.19% during the period), accounting for 45.83%. Among them, Shandong Gold Mining Co.Ltd(600547) (13.66%) and Aima Technology Group Co.Ltd(603529) (10.86%) had the highest cumulative increase, both exceeding 10%, with eye-catching performance.
In this regard, Long Hao, chairman of Jinding assets, told the Securities Daily: “after some leading stocks in the industry published relevant business data, the valuation of the wrongly killed stocks has been attractive to a certain extent. Technically, the share prices of some stocks have shown signs of stabilizing after the shock, and some funds have been involved in fund-raising on bargain hunting, which has a positive effect on the stabilization and recovery of a shares.”
