As of April 5, 183 A-share companies had taken the initiative to reveal the results of the first quarter of this year, with a pre happy proportion of 86.89%. According to the forecast of the first quarterly report, the prosperity of basic chemical, pharmaceutical and biological, mechanical equipment and electronics industries is high, the new energy lithium battery industry chain continues to be hot, and the performance of national defense and military industry exceeds expectations. Specifically, at the company level, Cosco Shipping Holdings Co.Ltd(601919) , Kweichow Moutai Co.Ltd(600519) achieved a scale net profit of 10 billion in the first quarter of this year, the pre increase of Zhejiang Damon Technology Co.Ltd(688360) performance of science and Innovation Board Company reached more than 34 times, and the increase of Sichuan Yahua Industrial Group Co.Ltd(002497) performance exceeded 10 times.
nearly 90% of the pre happy
In the disclosed performance forecast for the first quarter, the data show that 173 companies are expected to make profits. Among them, according to the type of performance forecast, there are 159 pre hi (pre increase, slight increase, continued profit and turnaround) companies, accounting for 86.89%.
In terms of industry distribution, the performance pre hi stocks in the first quarter of this year are mainly concentrated in the four major industries (Shenwan level industry) of basic chemical industry, medicine and biology, mechanical equipment and electronics, involving 20, 20, 19 and 18 companies respectively. If divided by subject industries, the number of pre hi companies in the three major sectors of basic metals, industrial machinery and chemical raw materials is leading, with 17, 12 and 10 in turn.
From the perspective of net profit scale, the performance of Cosco Shipping Holdings Co.Ltd(601919) , Kweichow Moutai Co.Ltd(600519) in the first quarter of this year continued to grow year-on-year, and achieved a net profit of 10 billion level. Among them, the “king of cycles” Cosco Shipping Holdings Co.Ltd(601919) expects the profit scale in the first quarter to reach 27.6 billion yuan, an increase of about 12.15 billion yuan year-on-year, an increase of nearly 80%. In 2021, Cosco Shipping Holdings Co.Ltd(601919) ‘s performance broke out, and the container business revenue and freight volume reached a record high. The annual net profit increased nearly 8 times year-on-year to 89.296 billion yuan, receiving the best annual performance in the history of the company.
Followed by Kweichow Moutai Co.Ltd(600519) , the company expects to achieve a net profit of about 16.6 billion yuan in the first quarter. The company’s “monthly performance disclosure” in February was the first in the history of this year. According to the latest operating data, the company made a better start than expected at the beginning of the year, and the total revenue and net profit in the first quarter increased by about 18% and 19% year-on-year respectively.
From the ranking of net profit growth rate, after excluding companies that turn losses, as of press time, among the published performance forecasts, 46 companies had a net profit growth rate of more than 100% in the first quarter (based on the lower limit of pre increase). Among them, there are two companies whose net profit growth during the period is expected to exceed 10 times, namely Zhejiang Damon Technology Co.Ltd(688360) and Sichuan Yahua Industrial Group Co.Ltd(002497) , and the two companies’ lowest growth rates are expected to be 34.26 times and 10.54 times respectively.
At present, the performance growth of Zhejiang Damon Technology Co.Ltd(688360) of Kechuang board company ranks first temporarily. The net profit in the first quarter of this year is expected to be 103419 million yuan to 144786 million yuan. The base of the company in the same period of last year is low, only 293300 yuan, so the year-on-year growth rate is 342605% to 483645%. The announcement said that during the period, the company actively explored the market, successively completed overseas projects, recognized revenue, and steadily increased net profit.
Sichuan Yahua Industrial Group Co.Ltd(002497) in the first quarter, the company made double efforts in civil explosion and lithium business, especially the growth trend of lithium business is obvious, so the performance is much higher than expected. The company expects to achieve a net profit of 900 million to 1.2 billion yuan in the first quarter, with a year-on-year increase of 105367% to 143822%. The profit in a single quarter is expected to exceed the annual performance level in 2021 Sichuan Yahua Industrial Group Co.Ltd(002497) previous performance express showed that the net profit of the company in 2021 was about 925 million yuan, a year-on-year increase of 185.50%.
lithium battery industry chain high growth
Entering 2022, the latest performance of lithium battery industry chain confirms the high prospect of the industry. Combing the disclosed performance forecast, under the price increase bonus of upstream new material products, a number of resource enterprises in the industrial chain are still growing at a high level.
With the performance of Sichuan Yahua Industrial Group Co.Ltd(002497) , which soared by more than 10 times in the first quarter, the main driving force of performance growth is the rising demand of lithium industry and the continuous rise of lithium salt product price. The company seized the opportunity to release production capacity and increase sales. The sales volume of lithium salt products gradually increased and the profit of lithium business increased significantly.
Companies such as Chengxin Lithium Group Co.Ltd(002240) , Tibet Mineral Development Co.Ltd(000762) and others benefited from the continuous rise of lithium salt product prices and the strong growth of downstream customer demand Chengxin Lithium Group Co.Ltd(002240) it is estimated that the net profit in the first quarter will be RMB 900 million to RMB 1.1 billion, with a year-on-year increase of 765.24% to 957.52% Tibet Mineral Development Co.Ltd(000762) it is estimated that the net profit in the first quarter is 100 million yuan to 150 million yuan, with a year-on-year increase of 398.08% to 647.12%.
Lithium hexafluorophosphate leader Do-Fluoride New Materials Co.Ltd(002407) enjoys the rising cycle dividend. The net profit in the first quarter of this year is expected to be 700 million yuan to 730 million yuan, with a year-on-year increase of 650.55% to 682.72%. In this regard, the company said that the development trend of the new energy industry continued to improve, and the market demand for lithium hexafluorophosphate, the core product of the company’s new materials business segment, was strong. With the new production capacity gradually reaching production capacity, the profitability increased significantly.
In addition to the hot new energy lithium battery industry chain, among other highlights, many companies in the national defense industry represented by Aerospace Military Industry performed better than expected in the beginning of the year. The results of the nine national defense and military industry companies that have disclosed the performance forecast of the first quarter of 2022 are all expected to be happy. Among them, Guanglian Aviation Industry Co.Ltd(300900) , Lihang technology are expected to turn losses in the first quarter North Industries Group Red Arrow Co.Ltd(000519) , Gaoling information, science and technology navigation and other companies’ profits increased by more than 100% during the period.
Guanglian Aviation Industry Co.Ltd(300900) disclosed that the development of aerospace parts business has been actively improved, and the operating revenue and profitability have increased rapidly. In the first quarter of 2022, the overall business revenue of the company increased by 400% ~ 700% compared with the same period of the previous year, the net profit was 10 million Yuan ~ 15 million yuan, and the loss in the same period of the previous year was 1.8273 million yuan. In addition, due to the gradual weakening of the delivery impact caused by the epidemic in 2021, some products that were not accepted and delivered in 2021 were successively delivered in the first quarter.
As the core supplier of ring forgings in China’s aviation, missile and other fields, Wuxi Paike New Materials Technology Co.Ltd(605123) also pointed out in the performance forecast that in the first quarter of 2022, thanks to the good prosperity of the aviation and aerospace industry, the company had sufficient market orders, effectively improved production capacity, rapidly expanded business scale, increased operating revenue, increased net profit by more than 60%, and realized a net profit of about 105 million yuan.
In addition, a number of Companies in the defense and military industry sector recently expect that the purchase amount and sales of related party transactions will increase year-on-year in 2022 Zhongtai Securities Co.Ltd(600918) according to the latest research report, the high growth of the performance of many listed companies in the first quarter and the increase of the expected related party transaction volume indicate that the prosperity of the industry continues to rise. The Shenwan national defense and military industry index has been callback by 23.59% since the beginning of the year. At present, the valuation of the sector has fallen to the bottom area since May 2020, which now has a large margin of safety.
