There may be many unexpected events in the ongoing performance report!
On April 24, Arctech Solar Holding Co.Ltd(688408) suddenly revised its performance. It is estimated that the annual net profit of 2021 will be 142806 million yuan to 157839 million yuan, a year-on-year decrease of 94.47% to 95%. At the same time, Shenzhen Comix Group Co.Ltd(002301) 2022, the leader in the field of B2B office materials in China, released a performance forecast on April 24, 2022, saying that the expected net profit in 2021 is about -594 million yuan to -540 million yuan, with a loss in performance. The company made a profit of nearly 130 million yuan in the first three quarters.
More worrying is the new energy leader Contemporary Amperex Technology Co.Limited(300750) . On Sunday, the company suddenly announced that based on the principle of prudence, in order to ensure the quality of the preparation of the first quarter report of 2022 and the accuracy of information disclosure, the disclosure time of the company’s first quarter report of 2022 was postponed to April 30, 2022. Previously, the market expected that the company’s first quarterly report might be less than 5 billion yuan, and triggered a sharp decline in the company’s share price.
16 times big bull stock Andon Health Co.Ltd(002432) also has something to do. The company announced that recently, through the reconciliation of two procurement entities of contracts and orders in New York State, namely the Department of health of New York State and health research incorporated, a non-profit organization in New York State, it found that its purchase of ihealth kit had not been completed. Among them, the purchase amount of orders and contracts in New York state was adjusted downward by more than $10 million.
According to surging news on Sunday, the World Health Organization reported on April 23 local time that the Ministry of health of the Democratic Republic of the Congo announced a new round of Ebola outbreak in the country after finding a confirmed case in Mbandaka, a city in Equatoria Province in the northwest of the country.
According to Xinhua news agency, on April 24, the special military operation launched by Russia against Ukraine entered its 60th day. Russia recently said that normal order has been restored in Mariupol, Ukraine. Uzbek President zelenski said that if the people trapped in Mariupol are eliminated or Russia holds a so-called referendum in the “occupied area”, Ukraine will withdraw from the negotiations with Russia.
So, how will the market work next?
two subdivided leading thunderstorms
Arctech Solar Holding Co.Ltd(688408) released the performance forecast. It is estimated that the annual net profit of 2021 will be 142806 million yuan to 157839 million yuan, a year-on-year decrease of 94.47% to 95%.
according to the announcement, there are two reasons for this performance change:
First, increase the credit impairment loss by 7.2337 million yuan. The main reason is that in the PV support sales business, the balance of accounts receivable of a customer project is 100781 million yuan. The company adopts the general bad debt accrual method in the early stage, and the accrual proportion is 50% according to the aging. In view of the fact that the customer was included in the “list of dishonesty and non execution” after the period, the general bad debt provision was changed to the special bad debt provision method, and 100% bad debt was accrued. Therefore, the credit impairment loss increased by 5039100 yuan.
Second, recheck the provision for asset impairment and inventory falling price reserves, and increase the asset impairment loss by 115771 million yuan.
Statistics show that Arctech Solar Holding Co.Ltd(688408) is one of the leading enterprises of BIPV. Relying on the technical precipitation of steel structure over the years, Arctech Solar Holding Co.Ltd(688408) launched three solutions of “smart roof”, “double roof” and “smart roof”, which have been applied and recognized in the market in practical projects.
Up to now, Arctech Solar Holding Co.Ltd(688408) has provided BIPV general contracting business and solutions for many photovoltaic projects in China, and its related projects have spread to Shanghai Lingang Holdings Co.Ltd(600848) , Linyi, Shandong, Jiaxing, Zhejiang, Changzhou, Jiangsu, Wuhu, Anhui, Fengcheng, Jiangxi and other places.
Another leading B2B office materials company Shenzhen Comix Group Co.Ltd(002301) is also thundering. The company released a performance forecast on the 24th, saying that the expected net profit in 2021 is about – 594 million yuan to – 540 million yuan, with a loss in performance. The company said that after the Spring Festival in 2022, the epidemic occurred frequently across the country. The live broadcast brand e-commerce agent operation and e-commerce training launched by Hangzhou maimiao did not achieve the expected income in the first quarter. Some government and smart education projects implemented by haoshitong in 2021 were unable to obtain acceptance data in time due to the epidemic, which affected the business performance of that year. With the gradual development of audit work, accountants and appraisers believed that Hangzhou maimiao and haoshitong showed signs of impairment, It is necessary to accrue goodwill impairment of 230253 million yuan for Hangzhou maimiao and 3754125 million yuan for haoshitong. On the same day, the company also announced that the person acting in concert of the controlling shareholders firmly believed that the management consulting company planned to increase its shares by 25 million yuan to 50 million yuan.
Contemporary Amperex Technology Co.Limited(300750) , Andon Health Co.Ltd(002432) are all busy
Contemporary Amperex Technology Co.Limited(300750) the sudden postponement of the quarterly report made the market uneasy. On April 24, Contemporary Amperex Technology Co.Limited(300750) announced that it was originally scheduled to disclose the first quarter report of 2022 on April 28, 2022. Based on the principle of prudence, in order to ensure the quality of the preparation of the first quarter report of 2022 and the accuracy of information disclosure, the disclosure time of the first quarter report of 2022 is postponed to April 30, 2022.
In the morning trading on April 20, Contemporary Amperex Technology Co.Limited(300750) once plummeted by more than 7.5%, and the market value evaporated by nearly 70 billion yuan in just one hour. At that time, the market spread that the performance of Contemporary Amperex Technology Co.Limited(300750) first quarter report may not reach 5 billion yuan. Some researchers said that if it is true, it will be significantly lower than expected. When it comes to the report season, there will be many versions of rumors, and the accuracy is difficult to evaluate. The company is also unable to give relevant guidance, so it is really difficult to make judgment.
In addition, Andon Health Co.Ltd(002432) announced on April 24 that the purchase orders of ihealth kits had not been completed after reconciliation between the two procurement entities of contracts and orders in New York State, namely the Department of health of New York State and health research incorporated, a non-profit organization in New York state.
According to the announcement, the orders and contracts of the New York State Department of health totaled US $185.31 million (including freight), including orders of US $65.31 million on December 21, 2021 and US $120 million in January this year.
For the incomplete implementation, Andon Health Co.Ltd(002432) said that on April 22, local time, the Department of health of the state of New York communicated the above situation with the company’s U.S. subsidiary. Through consultation, the purchase amount of orders and contracts in the state of New York was adjusted to US $175225 million (including freight), about RMB 113188341 million.
If calculated according to this data, the actual contract amount will be reduced by about US $10 million.
new round of Ebola outbreak
According to surging news, the World Health Organization reported on April 23 that the Ministry of health of the Democratic Republic of the Congo (DRC) announced a new round of Ebola outbreak in the country after finding a confirmed case in Mbandaka, a city in Equatoria Province in the northwest of the country.
According to the United Nations News website, so far, only one Ebola case has been confirmed in the DRC. The patient, a 31 year old man, began to develop symptoms on April 5. After more than a week of home care, he sought treatment in local health institutions. On April 21, the patient was sent to the Ebola treatment center for intensive care, but died later that day. An investigation to determine the source of the epidemic is ongoing.
The World Health Organization says many people in Mbandaka have been vaccinated against Ebola, which may help reduce the impact of the disease. Meanwhile, all those vaccinated during the Ebola epidemic in 2020 will be vaccinated again.
Since 1976, this is the 14th Ebola epidemic in the Democratic Republic of the Congo. In October 2021, the 13th round of Ebola epidemic occurred in the Democratic Republic of the Congo. A total of 8 confirmed cases were reported, of which 6 died. In December of the same year, the Democratic Republic of the Congo (DRC) announced the end of this round of Ebola epidemic in the country.
Ebola hemorrhagic fever is a hemorrhagic infectious disease caused by Ebola virus. It is mainly infected by contacting the blood, body fluids, secretions and excreta of patients or infected animals. Its clinical manifestations are mainly fever, bleeding and multiple organ damage, and the mortality is as high as 50% to 90%.
Russia and Ukraine have new situations. How can the market go
April 24 is the 60th day of the outbreak of the conflict between Russia and Ukraine. According to Xinhua news agency, Russia said recently that normal order has been restored in Mariupol, Ukraine. Uzbek President zelenski said that if the people trapped in Mariupol are eliminated or Russia holds a so-called referendum in the “occupied area”, Ukraine will withdraw from the negotiations with Russia.
Russian Defense Ministry spokesman Konashenkov informed on the evening of the 22nd that normal order had been restored in Mariupol City, and residents were able to move freely in the streets. The city is distributing food, water and basic necessities to people. The remnants of the Ukrainian military force “Yasu battalion” and foreign mercenaries have been blocked in the area of Yasu steel plant.
Under the current situation, how will the market interpret? Analysts believe that the price rise caused by the conflict between Russia and Ukraine has affected the real economy. From the situation of peripheral markets, it is still at an emotional low point. Internally, the epidemic broke out again in Beijing and other places over the weekend, while the diagnosis in Shanghai has not shown a downward trend. Therefore, the market may still be at the bottom stage.
China Securities Co.Ltd(601066) Chen Guo believes that it is a consensus that the environment faced by the A-share market is unfavorable to profitability, liquidity and risk appetite. But on the one hand, the reduction of market position is a favorable factor. On the other hand, we can only believe in probability events and see what the market has not seen today. The probability is that the second quarter is the bottom of the profit, and the probability is that the Fed’s efforts to increase interest rates and shrink the table are the largest in the second quarter (May and June). In the follow-up, China’s demand for steady growth continues to rise, the possible marginal improvement of the liquidity environment is a high probability, and the marginal improvement of epidemic expectation and risk preference is also a high probability. Buy in the second quarter, harvest in the third quarter, is a high probability.
