On April 10, as of the press release, at least 14 A-share companies disclosed the performance forecast for the first quarter of 2022, and the net profit of most companies increased in advance. On the whole, the cyclical industry has become the “big family” in the pre increase list, and the growth of product price and sales volume has become an important reason for the pre increase of performance.
cyclical companies generally increase in advance
Tianshan Aluminum Group Co.Ltd(002532) is a typical representative of performance pre increase in cyclical companies.
On April 10, Tianshan Aluminum Group Co.Ltd(002532) estimated that the net profit in the first quarter of 2022 was 1.1 billion yuan, with a year-on-year increase of 34.38%; The basic earnings per share was 0.24 yuan, an increase of 33.33% over the same period last year.
The company said that this year, the aluminum industry still maintained a high industry boom, and the price remained between 20000 yuan / ton and 23000 yuan / ton, improving the overall profit of the company. In addition, thanks to the abundant coal resources and price advantages in Xinjiang, the company continues to maintain the advantage of low power cost, and the rise of power cost is far lower than the industry level.
The non-ferrous metal industry is not the only one benefiting from the high outlook of the industry. The pre increase in the first quarter performance of Companies in some industries also benefited from the rise in product prices.
Herbicide company Shandong Cynda Chemical Co.Ltd(603086) 10 released the first quarter performance forecast, and the estimated net profit is about 73 million yuan to 78 million yuan, with a year-on-year increase of 252.67% ~ 276.83%. The company said that in the first quarter of 2022, the company’s business situation was good, and the performance growth mainly came from the growth of operating business profits. On the one hand, the main products of the phase I project of Liaoning Xianda Agricultural Science Co., Ltd., a wholly-owned subsidiary, reached production capacity, the production units operated at high load, and the production capacity was released, which reduced various costs year-on-year and greatly improved the profitability; On the other hand, the sales prices of the company’s main products have increased to varying degrees.
The increase in the net profit attributable to the listed company in the first quarter was also attributable to the increase in the net profit of . The company said that in the first quarter of 2022, the production capacity, output, sales volume and sales price of the company’s products increased by varying degrees, and the project benefits were gradually released; Affected by the rising price of raw materials, rising logistics costs, national energy conservation and emission reduction and other factors, the prices of some vitamin products and chromium salt products of the company increased by different ranges, and the gross profit margin of products increased.
In terms of the high prosperity of the industry, some companies are more represented by the increase of product prices, and some companies are represented by the large volume of products. This volume is reflected in many aspects, such as inherent track, overseas market and incremental customers.
Beijing Easpring Material Technology Co.Ltd(300073) 4 announced on April 10 that the net profit in the first quarter is expected to be 350 million yuan to 400 million yuan, with a year-on-year increase of 134.58% ~ 168.09%. The company said that in the first quarter, the orders of international and Chinese major customers continued to grow rapidly, the production line was in full production, the company’s third-generation high nickel and ultra-high nickel and other new products were in steady volume, and the profitability was further enhanced.
Zhejiang Kaishan Compressor Co.Ltd(300257) it is estimated that the net profit attributable to the parent company in the first quarter of 2022 will be 102 million ~ 120 million yuan, with a year-on-year increase of 70% ~ 100%, which is related to the large volume of overseas products of the company. The company’s equipment export sales in the first quarter were about 26 million US dollars, of which the export sales of air compressors were 2.78 times that of the same period last year.
Hanwei Electronics Group Corporation(300007) in the first quarter, the estimated net profit is about 486593 million yuan ~ 528905 million yuan, with a year-on-year increase of 15.0% ~ 25.0%. For the reasons for performance changes, the company said that during the reporting period, the company’s sensor business segment maintained stable development, the sales revenue of metal oxide semiconductor, catalytic combustion and electrochemical sensors maintained stable growth, and the performance in the fields of household appliances and automobiles was gradually released.
performance differentiation of manufacturing companies
A noteworthy phenomenon is that the first quarter performance of manufacturing companies is divided.
Jiangsu Yuxing Film Technology Co.Ltd(300305) expects the net profit attributable to shareholders of Listed Companies in the first quarter to be 555005 million yuan ~ 652947 million yuan, a year-on-year decrease of 0% ~ 15%. The company said that due to the rise in the price of raw material polyester chips and the impact of covid-19 pneumonia, the company’s production and manufacturing costs increased, resulting in a decline in gross profit margin; On the other hand, the company actively promoted the commissioning progress of the new production line and increased the investment in trial operation, resulting in a decrease in net profit in the reporting period compared with the same period of last year.
It can be seen that the rising cost of raw materials is impacting manufacturing listed companies. Whether the cost can be transferred to the downstream will be a new topic faced by many enterprises.
On April 10, China Merchants Energy Shipping Co.Ltd(601872) released the announcement of performance pre increase. It is estimated that the net profit attributable to shareholders of Listed Companies in the first quarter will be 1.230 billion yuan ~ 1.359 billion yuan, an increase of 113% ~ 125% year-on-year. The company said that although the dry bulk cargo and container shipping market was impacted by covid-19 pneumonia, Russia Ukraine conflict and Spring Festival holidays, the market still maintained a high outlook in the off-season. The layout of the company’s dry bulk cargo fleet is reasonable, the operation performance is excellent, the performance outperforms the market index, and the operation profit is basically the same as that in the peak season of the third quarter of last year; The container market in the Asian region fluctuated at a high level, and the company’s container fleet continued to reflect its excellent operating capacity, with a year-on-year increase in net profit of about 182%.
The net profit of Wuxi Apptec Co.Ltd(603259) in the first quarter of medicine leader also increased in advance. The company announced on April 10 that the net profit attributable to the parent company in the first quarter of 2022 is expected to be about 1.643 billion yuan, with a year-on-year increase of about 9.54%.
