China Securities Co.Ltd(601066) strategy: the performance of the whole a has increased slightly, and the market has shown profitability toughness again

China Securities Co.Ltd(601066) strategy research said that the epidemic recurred in many places in the first quarter, but the listed companies still maintained a certain demand and profit toughness. The all a and all a (non-financial) parent net profit in 22q1 recorded a slight positive growth of 3.6% and 8.2% respectively year-on-year, and the cumulative parent net profit growth of 18.0% and 25.4% respectively in 21 years. Under the neutral assumption, it is predicted that the single quarter year-on-year growth rate of 22q2 all a net profit attributable to the parent is about – 27%, which is probably the low point of the whole year. The cumulative net profit attributable to the parent is expected to achieve a slight positive growth of 0-5% year-on-year.