This week is the last week for A-share listed companies to release their annual reports. According to the plan, up to 2064 companies will disclose their annual reports in 2021.
1186 of these companies have disclosed performance forecasts in advance. Among them, 381 companies have been increased in advance, 152 companies have reversed losses, 159 companies have been reduced in advance, 493 companies have suffered losses in advance and one is uncertain. The proportion of companies with good performance and companies with declining performance or even loss is 45% and 55% respectively.
Graphics: interface news
As many as 32 companies with a market value of 100 billion yuan will disclose their annual reports this week, mainly focusing on pharmaceutical and biological, Baijiu, photovoltaic equipment, electric power and other industries. Among them, 23 companies have disclosed the performance forecast or express report in advance. Except for the performance decline of Muyuan Foods Co.Ltd(002714) ( Muyuan Foods Co.Ltd(002714) . SZ), Luxshare Precision Industry Co.Ltd(002475) ( Luxshare Precision Industry Co.Ltd(002475) . SZ), Shanghai Pudong Development Bank Co.Ltd(600000) ( Shanghai Pudong Development Bank Co.Ltd(600000) . SH) and the performance loss of Baiji shenzhou-u (688235. SH), the rest have increased.
The leading effect of listed companies is very obvious. Among the 19 pre added companies, 12 increased by more than 60%, and the performance of 5 companies doubled, namely Tianjin Zhonghuan Semiconductor Co.Ltd(002129) ( Tianjin Zhonghuan Semiconductor Co.Ltd(002129) . SZ), Chongqing Zhifei Biological Products Co.Ltd(300122) ( Chongqing Zhifei Biological Products Co.Ltd(300122) . SZ), Tongwei Co.Ltd(600438) ( Tongwei Co.Ltd(600438) . SH), Naura Technology Group Co.Ltd(002371) ( Naura Technology Group Co.Ltd(002371) . SZ), Qinghai Salt Lake Industry Co.Ltd(000792) ( Qinghai Salt Lake Industry Co.Ltd(000792) . SZ). Several top listed companies in the photovoltaic field have achieved the best performance in history.
Graphics: interface news
With acting vaccine, “vaccine brother” Chongqing Zhifei Biological Products Co.Ltd(300122) makes a lot of money. In 2021, the company achieved an operating revenue of 30.637 billion yuan, a year-on-year increase of 101.68%; The net profit attributable to the parent company was 10.197 billion yuan, a year-on-year increase of 208.88%. As the exclusive agent of Mosha East four price HPV vaccine and nine price HPV vaccine in China, Chongqing Zhifei Biological Products Co.Ltd(300122) more than 90% of the revenue comes from the agent products. With the rising demand for HPV vaccine, the company’s performance has risen rapidly in recent years. In the first quarter of 2022, the company’s performance continued to grow significantly, and the attributable net profit is expected to be about 1.783 billion yuan to 1.97 billion yuan, a year-on-year increase of 90.00% to 110.00%.
However, Chongqing Zhifei Biological Products Co.Ltd(300122) with HPV vaccine “lie earn” days are not comfortable. At the recent expert group meeting on immunization strategy convened by the World Health Organization, some experts believed that “a single dose HPV vaccination program can effectively prevent cervical cancer caused by persistent HPV infection, and the effect is equivalent to that of two or three dose programs.” This makes the Chongqing Zhifei Biological Products Co.Ltd(300122) prospect full of uncertainty. In fact, due to over reliance on agent vaccine products, Chongqing Zhifei Biological Products Co.Ltd(300122) R & D capacity and self-developed products have lagged far behind the company’s own development speed. Under the trend of “light research and development and heavy marketing”, the Chongqing Zhifei Biological Products Co.Ltd(300122) share price has fallen all the way since it hit a peak of 230.69 yuan / share in May last year. So far, it has been “halved”. In less than a year, the market value of the company has evaporated more than 200 billion yuan.
Baiji shenzhou-u (688235. SH), whose share price has been “broken” since the listing of Kechuang board, is still in the “quagmire” of performance loss. Last year, the company achieved a total operating income of 7.589 billion yuan, a year-on-year increase of 257.9%, but the net profit attributable to the owner of the parent company was 9.748 billion yuan, deducting the net profit not attributable to the parent company was 9.968 billion yuan, with a loss of nearly 10 billion yuan a year. In fact, the company has long been in the state of huge losses for consecutive years. The net profits from 2018 to 2020 were -4.748 billion yuan, – 6.928 billion yuan and -11.407 billion yuan respectively. In this context, since the return to A-Shares at the end of 2021, the company’s share price has been “broken”, and so far, the share price has been halved compared with the issue price.
Benefiting from the sharp rise in coal prices, Shaanxi Coal Industry Company Limited(601225) ( Shaanxi Coal Industry Company Limited(601225) . SH) made a net profit of 20.9 billion yuan last year, a year-on-year increase of 40.83%. The “coal crazy” market in the first half of 2021 provided strong support for Shaanxi Coal Industry Company Limited(601225) to achieve a significant increase in performance. Since 2022, coal prices have remained high Citic Securities Company Limited(600030) research report pointed out that the price of thermal coal may weaken slightly due to the off-season from April to may, but the average price in the second quarter will still be higher than the average level of last year. The average price in subsequent quarters may rise quarter by quarter, and the average price of the whole year is expected to rise by 10% ~ 12% year-on-year. At present, the performance of listed coal companies that have issued performance forecasts for the first quarter has increased significantly Shaanxi Coal Industry Company Limited(601225) it is estimated that the net profit attributable to the shareholders of the listed company will be 5.1 billion yuan to 6 billion yuan in the first quarter of 2022, with a year-on-year increase of 51.22% to 77.91%.
In terms of sectors, in the liquor sector, Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) ( Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) . SH), Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) . SZ), Luzhou Laojiao Co.Ltd(000568) ( Luzhou Laojiao Co.Ltd(000568) . SZ), Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) ( Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) . SZ) will disclose the annual report this week Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) has disclosed the performance forecast or express report. Among them, Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) has the largest performance increase. It is estimated that the net profit in 2021 will be about 5.234 billion yuan ~ 5.542 billion yuan, with a year-on-year increase of 70% ~ 80%. The performance growth is mainly due to the company’s increasing market expansion in the south of the Yangtze River and optimizing product structure Luzhou Laojiao Co.Ltd(000568) last year, the net profit was 7.849 billion yuan, with a year-on-year increase of 30.7%. The performance growth benefited from the continuous increase in the proportion of medium and high-end products The company’s profit is expected to increase by about 1.7 billion yuan year-on-year, mainly from the core product price last year.
The two leading companies in the chemical sector Qinghai Salt Lake Industry Co.Ltd(000792) ( Qinghai Salt Lake Industry Co.Ltd(000792) . SZ) and Rongsheng Petro Chemical Co.Ltd(002493) ( Rongsheng Petro Chemical Co.Ltd(002493) . SZ) will release their annual reports this week. The performance express shows that benefiting from the rising market prices of potassium chloride and lithium carbonate products, the “king of potassium fertilizer” Qinghai Salt Lake Industry Co.Ltd(000792) last year’s net profit was 4.268 billion yuan, a year-on-year increase of double. The company expects the net profit in the first quarter of this year to increase by more than three times Rongsheng Petro Chemical Co.Ltd(002493) last year, the company made a profit of 12.843 billion yuan, an increase of 75.72% year-on-year. The operation of new projects has significantly released the benefits of the company.
In the power sector, the net profits of China Three Gorges Renewables (Group) Co.Ltd(600905) ( China Three Gorges Renewables (Group) Co.Ltd(600905) . SH) and China National Nuclear Power Co.Ltd(601985) ( China National Nuclear Power Co.Ltd(601985) . SH) increased by 56.02% and 34.05% year-on-year respectively last year. The performance improvement was mainly due to the production and power generation of new projects and the growth of the total installed capacity of new energy.
However, the performance of China Yangtze Power Co.Ltd(600900) ( China Yangtze Power Co.Ltd(600900) . SH), the largest hydropower company with a shares, is not very optimistic. Due to the reduction of electricity sales, the company’s revenue fell by 3.62% year-on-year last year, and its net profit remains at last year’s level. As the hydropower operation platform of the Three Gorges group, China Yangtze Power Co.Ltd(600900) “traditional” new energy aura is fading. Due to the single power supply structure, the company’s performance growth in recent years is weak.
This week, a number of top listed companies in the photovoltaic field, including Longi Green Energy Technology Co.Ltd(601012) ( Longi Green Energy Technology Co.Ltd(601012) . SH), will release annual reports. The rapid development of photovoltaic industry makes the whole industrial chain usher in a bumper harvest. After last year’s record high performance, the performance of major leading enterprises in the first quarter of this year is still rising rapidly.
Since last year, due to the prominent contradiction between supply and demand, the price of upstream silicon materials is high, and the performance of silicon material leader Tongwei Co.Ltd(600438) ( Tongwei Co.Ltd(600438) . SH) has reached a new high. In 2021, the net profit was 8.203 billion yuan, a year-on-year increase of 127.35%, and the net profit of one year almost reached the sum of the past three years. With the continuous improvement of downstream demand, the company expects a net profit of 4.9 billion yuan to 5.2 billion yuan in the first quarter of this year, with a year-on-year increase of 478% – 514%. The net profit of the company in the first quarter has reached more than 60% of the total net profit of last year.
With the rise of silicon material price, silicon wafer enterprises also reap a lot due to frequent increase of product price. Silicon chip leader Tianjin Zhonghuan Semiconductor Co.Ltd(002129) ( Tianjin Zhonghuan Semiconductor Co.Ltd(002129) . SZ) achieved a net profit of 4.020 billion yuan last year, with a year-on-year increase of 269.14%, the best performance since listing. The performance growth is mainly due to the significant increase of silicon wafer production rate and product a rate, the significant increase of production and sales scale year-on-year, and the significant improvement of gross profit per unit product. The company expects a profit of 1.26 billion yuan to 1.36 billion yuan in the first quarter of this year, a year-on-year increase of 1.3 to 1.5 times.
In the downstream sector, the second runner of photovoltaic modules Trina Solar Co.Ltd(688599) ( Trina Solar Co.Ltd(688599) . SH) achieved a net profit of 1.876 billion yuan last year, an increase of 52.64% year-on-year; Ja Solar Technology Co.Ltd(002459) ( Ja Solar Technology Co.Ltd(002459) . SZ), one of the five component giants, made a profit of 2.039 billion yuan last year, a year-on-year increase of 35.31%. After last year’s record performance, the two companies also disclosed the performance forecast for the first quarter of 2022. During the reporting period, Trina Solar Co.Ltd(688599) net profit increased by 1.6 times year-on-year and Ja Solar Technology Co.Ltd(002459) net profit increased by nearly 4 times year-on-year.
However, with the increase of silicon material supply scale, it is expected that the silicon material price will gradually enter the price reduction channel in 2022. Since December last year, Tianjin Zhonghuan Semiconductor Co.Ltd(002129) and Longi Green Energy Technology Co.Ltd(601012) two silicon chip leaders have successively lowered product prices, taking the lead in launching the “price war” of price reduction in the industrial chain. In the future, as the capacity of the photovoltaic industry continues to roll in, the competition in the photovoltaic industry will become increasingly fierce.
Graphics: interface news
Excluding loss companies, 174 companies are expected to double their net profit among the companies that will disclose their annual report this week, of which 10 companies are expected to increase their net profit by more than 10 times.
Some of these companies with excessive performance growth achieved performance growth due to the improvement of industry prosperity and strong downstream demand. For example, the coal stock Beijing Haohua Energy Resource Co.Ltd(601101) ( Beijing Haohua Energy Resource Co.Ltd(601101) . SH) is expected to have a 42 fold surge in net profit last year; The net profit of lithium Bull Stock Jiangxi Special Electric Motor Co.Ltd(002176) ( Jiangxi Special Electric Motor Co.Ltd(002176) . SZ) increased 26 times year-on-year; The net profit of Chengtun Mining Group Co.Ltd(600711) ( Chengtun Mining Group Co.Ltd(600711) . SH), which holds copper, cobalt and nickel resources, increased by 22 times in advance last year; The annual net profit of Beijing Hotgen Biotech Co.Ltd(688068) ( Beijing Hotgen Biotech Co.Ltd(688068) . SH), which sold covid-19 antigen detection reagent, increased 18 times.
The performance of some companies rose sharply due to the increase of non recurring profits and losses. For example, Sichuan Haite High-Tech Co.Ltd(002023) ( Sichuan Haite High-Tech Co.Ltd(002023) . SZ) estimated that the total amount affected by non operating profits and losses was about 830 million yuan to 870 million yuan, and the net profit after deducting non operating profits was a loss Shenzhen Ysstech Info-Tech Co.Ltd(300377) ( Shenzhen Ysstech Info-Tech Co.Ltd(300377) . SZ) 80% of last year’s net profit came from non recurring profit and loss, and the net profit after deducting non recurring profit was 53 million yuan Harbin Medisan Pharmaceutical Co.Ltd(002900) ( Harbin Medisan Pharmaceutical Co.Ltd(002900) . SZ) the profit after deducting non-profit was a loss of 121 million yuan to 151 million yuan, significantly expanding compared with the loss in the same period in 2020.
There are also a few companies with large performance growth due to the low base in the early stage. For example, the net profit of Hengbao Co.Ltd(002104) 2020 is only 02 million yuan. After the performance recovers in 2021, there is still a huge gap compared with previous years.
