At the time of the annual report disclosure season, one of the last things investors want to see is the “face change” in the performance forecast of listed companies. On April 14, the Star stock Cultural Investment Holdings Co.Ltd(600715) ( Cultural Investment Holdings Co.Ltd(600715) ) during the Beijing Winter Olympics joined the ranks of “face changing” in the performance forecast. It is estimated that the loss of attributable net profit in 2021 will be up to 740 million yuan, exceeding the lower limit of expected net profit in the original performance forecast by 36% – 48%. According to incomplete statistics by the reporter of Beijing business daily, 31 shares have lowered the performance forecast in 2021 during the year, and the provision for goodwill impairment and asset impairment has become the main inducement. It is worth mentioning that this week’s popular stocks Jiangsu Xinning Modern Logistics Co.Ltd(300013) , Shenzhen Bingchuan Network Co.Ltd(300533) are also in the ranks of revising the performance forecast.
Cultural Investment Holdings Co.Ltd(600715) expected to be thanks to more than 200 million
On April 14, Cultural Investment Holdings Co.Ltd(600715) revised the performance forecast for 2021. It is estimated that the attributable net profit in 2021 will lose up to 740 million yuan, which is 240260 million yuan more than the previously disclosed performance forecast for 2021.
From the perspective of net profit of RMB -710.4 billion to RMB -710.5 billion in 2024, the net profit is expected to exceed the lower limit of RMB -710.4 billion to RMB -710.5 billion in 2024, which is expected to exceed the net profit of RMB -710.5 billion in 2024.
Cultural Investment Holdings Co.Ltd(600715) said that since February 2022, affected by the sudden outbreak of the Russian Ukrainian war and the repeated covid-19 epidemic, the global economic fundamentals have continued to decline and the price fluctuation of international risky assets has intensified. As a large visual effect company based on the European and American markets, BIDCO, the bottom asset of Jincheng capital No. 020 collective fund trust plan held by the company, also faces downward pressure on its future operation expectation and valuation level. It is estimated that the above events after the period will lead to the decline of the fair value of the company’s trading financial assets in 2021, with an impact on profits of about 230 million yuan.
It is worth mentioning that, taking advantage of the east wind of the Beijing Winter Olympics, Cultural Investment Holdings Co.Ltd(600715) as a franchise manufacturer and seller of the Beijing Winter Olympics, has become a star stock in the secondary market during the Beijing Winter Olympics. According to the trading market, from January 28 to February 10 this year, the cumulative increase in the Cultural Investment Holdings Co.Ltd(600715) range was 41.3%, and the “one” limit was raised for many times. With the end of the Winter Olympics, Cultural Investment Holdings Co.Ltd(600715) share price has been corrected. As of the closing on April 14, Cultural Investment Holdings Co.Ltd(600715) share price has been reported at 2.52 yuan / share, with a total market value of 4.674 billion yuan.
Statistics show that Cultural Investment Holdings Co.Ltd(600715) main business covers film and television and game industries and their derivative “culture +” business. The main business is divided into four sectors, including cinema and cinema operation management, film and television investment production and distribution, game R & D and operation, “culture +” business.
The reporter of Beijing Business Daily called Cultural Investment Holdings Co.Ltd(600715) secretary’s office for an interview on the company’s related issues, but no one answered the phone.
31 shares revised down 2021 performance forecast
According to incomplete statistics by the reporter of Beijing business daily, as of April 14, 31 stocks have revised the performance forecast of 2021.
For example, Guangdong Chaohua Technology Co.Ltd(002288) the original forecast company expected to realize the attributable net profit of 118130 million yuan in 2021. After correction, the company expected to realize the attributable net profit of 70-85 million yuan Zhe Jiang Kangsheng Co.Ltd(002418) in the original forecast, the attributable net profit in 2021 is expected to be 50-65 million yuan, and the revised attributable net profit is 32-42 million yuan.
The above two companies have reduced their pre profits, and some companies have increased their losses compared with the previous forecast. For example, Jiangsu Baoli International Investment Co.Ltd(300135) originally estimated that the attributable net profit in 2021 was – 39 million to – 27.5 million yuan; After correction, the company expects a net loss of 55-78 million yuan in 20210022 Zoje Resources Investment Co.Ltd(002021) net profit attributable was revised down from a loss of 37-45 million yuan to a loss of 72-80 million yuan.
Compared with the decrease of pre profit and the increase of pre loss, the change from pre profit to pre loss is more likely to affect the mood of investors, Shenzhen Bingchuan Network Co.Ltd(300533) , Montnets Cloud Technology Group Co.Ltd(002123) , Wuxi Lihu Corporation Linmited(300694) and many other stocks, among which Montnets Cloud Technology Group Co.Ltd(002123) has a pre loss of hundreds of millions.
In the original performance forecast of Montnets Cloud Technology Group Co.Ltd(002123) in 2021, the company expects to realize the attributable net profit of 35-45 million yuan in 2021. However, in the amendment announcement disclosed by Montnets Cloud Technology Group Co.Ltd(002123) latest, the attributable net profit realized by the company in the reporting period turned into a loss of 236 million yuan Montnets Cloud Technology Group Co.Ltd(002123) said that with the gradual deepening of the audit of the annual report, it is planned to increase the provision for goodwill impairment of about 260 million yuan for the subsidiary Shenzhen Montnets Cloud Technology Group Co.Ltd(002123) Development Co., Ltd., resulting in a corresponding reduction in the expected net profit range in 2021.
The reporter of Beijing business daily noted that the provision for goodwill impairment and asset impairment is one of the main incentives for listed companies to revise the performance forecast. Therefore, individual stocks such as Guangdong Chaohua Technology Co.Ltd(002288) , Beijing Unistrong Science & Technology Co.Ltd(002383) and Beijing Unistrong Science & Technology Co.Ltd(002383) have revised the performance forecast.
In addition, after the performance forecast was lowered, some stocks such as Zhejiang Huatong Meat Products Co.Ltd(002840) received a letter of concern issued by the Shenzhen Stock Exchange to inquire about the reduction.
Xu Xiaoheng, an investment and financing expert, said that the performance of listed companies is one of the indicators most concerned by investors and an important measure of the company’s investment value. If the company’s performance “changes face”, it may hit the investment enthusiasm of investors to a certain extent.
involves several popular concept stocks
The reporter of Beijing business daily noted that due to the support of relevant favorable policies, logistics concept stocks Jiangsu Xinning Modern Logistics Co.Ltd(300013) , game concept stocks Shenzhen Bingchuan Network Co.Ltd(300533) which have soared recently are among the “face changing” stocks.
Let’s first look at Jiangsu Xinning Modern Logistics Co.Ltd(300013) . Affected by favorable policies such as the opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market, the stock price of Jiangsu Xinning Modern Logistics Co.Ltd(300013) soared this week. It rose by “20cm” for two consecutive trading days on April 11 and 12. The stock price still maintained an upward trend on April 13 and 14, and rose by 68.33% in the four trading days from April 11 to 14. As of the closing on April 14, Jiangsu Xinning Modern Logistics Co.Ltd(300013) reported 6.06 yuan / share, up 4.66%, with a total market value of 2.707 billion yuan.
However, Jiangsu Xinning Modern Logistics Co.Ltd(300013) did not support the performance of the company’s share price Jiangsu Xinning Modern Logistics Co.Ltd(300013) originally, it was estimated that the net profit attributable in 2021 would be a loss of RMB 80-135 million, which was later revised to a loss of RMB 140195 million.
Shenzhen Bingchuan Network Co.Ltd(300533) is also one of the recent bull stocks. Affected by the reissue of domestic game version numbers, on April 12 and 13, Shenzhen Bingchuan Network Co.Ltd(300533) continued to increase the limit of “20cm” for two trading days. However, on April 14, Shenzhen Bingchuan Network Co.Ltd(300533) share price retreated somewhat, closing down 3.97% on the same day, closing at 22.49 yuan / share, with a total market value of 3.392 billion yuan.
In terms of performance, due to the impact of adjusting the scope of the company’s consolidated statements, Shenzhen Bingchuan Network Co.Ltd(300533) will revise the expected net profit in 2021 from a profit of 237178 Zhejiang Truelove Vogue Co.Ltd(003041) 2300 yuan to a loss of 55-70 million yuan.
Economist song Qinghui said that investors should rationally analyze the fundamentals of the company, try to choose companies with good fundamentals to invest, and avoid blindly chasing hot spots.
Under the performance “face change”, the performance of other stocks in the secondary market is also worthy of attention. According to statistics, Guangdong Chaohua Technology Co.Ltd(002288) , Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) and other performance “face changing” stocks fell by more than 30% during the year, underperforming the market. As of the closing on April 14, the stock price of Guangdong Chaohua Technology Co.Ltd(002288) fell by 35.93% during the year, that of Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) fell by 34.77% and that of Montnets Cloud Technology Group Co.Ltd(002123) fell by 34.71%.
