The disclosure of A-share financial report has entered the peak period. Affected by factors such as the disclosure window period of periodic reports, the institutional research heat is still low.
As of press time, last week (April 11-15), more than 200 A-share companies had disclosed the records of investor relations activities. However, excluding the companies that issued online performance briefings, only 71 companies received the research of institutional investors.
Although a small number of companies received institutional research last week, 10 companies received more than 100 institutions for research. Among them, Hangzhou Hikvision Digital Technology Co.Ltd(002415) and Chacha Food Company Limited(002557) which just disclosed the annual report last week received the most attention, and both welcomed more than 300 institutions to “knock on the door”.
From the perspective of industry distribution, the basic chemical industry and electronic industry have the highest research popularity, with 9 and 7 company reception institutions in the sector respectively.
It is noteworthy that five companies in the automotive industry received research last week, and the research heat increased. Among them, the new energy vehicle leader Byd Company Limited(002594) is the company with the highest frequency of receiving research during the week. During this period, there were 7 batches of research companies of global well-known institutions, including BlackRock, Wells Fargo fund and Shanghai Investment Morgan. In addition, Zhejiang Jingu Company Limited(002488) also received four batches of institutions and received intensive attention.
Recently, the automobile industry chain has attracted much attention. Especially since March, Guangdong, Shanghai and Jilin, as the core areas of China’s automobile industry, have been affected by the epidemic. Therefore, the smooth supply chain and influence of the automobile industry chain have become the focus of the industry.
Zhejiang Jingu Company Limited(002488) responded to the impact of the epidemic in Shanghai during the investigation. According to the company, from the perspective of the Chinese market, the Shanghai epidemic has led to the closure or partial closure of some of the company’s Shanghai passenger car main engine factory customers. The company expects that the domestic sales of passenger cars in the month affected by the epidemic will have a certain impact, but the company believes that after the epidemic is controlled, the market will lead to a rebound. Therefore, from the perspective of the whole year, the company expects to have little impact on Chinese sales.
In addition, Zhejiang Jingu Company Limited(002488) said that from the perspective of overseas markets, the foreign economy is recovering. In the first quarter of 2022, the company’s wheel export revenue increased significantly year-on-year, and the export sales are in good condition. Therefore, the company switched some Chinese production capacity affected by the epidemic to overseas customers, ensuring the stability of overall sales.
Let’s look at Byd Company Limited(002594) . On April 12, a fund manager and three analysts of BlackRock, a global asset management giant, conducted a separate telephone survey on Byd Company Limited(002594) . The company’s share price fell more than 3% to 236.20 yuan / share throughout the week.
BlackRock mainly focuses on the application of Byd Company Limited(002594) dm-i super hybrid model, passenger car sales system, cooperation with American science and innovation company nuro, etc.
Byd Company Limited(002594) introduced that since the DM-I super hybrid model was launched last year, there have been full orders on hand. In order to further enrich the company’s product matrix and provide consumers with more suitable choices, the company launched song Pro DM-I and other models equipped with DM-I Super Hybrid on dynasty.com, and will launch a number of warship series models equipped with DM-I Super Hybrid on ocean.com, helping the company’s sales rise.
In addition, with regard to the progress of cooperation with nuro, Byd Company Limited(002594) revealed that the third-generation pure electric driverless distribution vehicle project jointly developed and designed by nuro and American science and technology innovation company was officially launched in August 2019 and planned to be put into mass production in early 2023, which will provide more intelligent and environmentally friendly distribution services for local consumers.
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