As of January 13, a total of 308 A-share listed companies have issued annual performance forecasts for 2021. The data show that among the 308 companies, the performance is expected to exceed 80%, and 171, 65, 13, 15 and 3 companies are expected to increase, slightly increase, continue to make profits, reverse losses and reduce losses respectively, accounting for 86.69% in total; In addition, the total number of performance pre reduction, slight reduction, first loss, increase loss and continuation loss is 38; Another three are uncertain.
Yuxi company focuses on three industries
According to the industry classification of the CSRC, 171 companies with pre increased annual performance in 2021 are mainly concentrated in chemical raw materials and chemical products manufacturing, computer communication and other electronic equipment manufacturing and pharmaceutical manufacturing, respectively 41 (23.98%), 25 (14.62%) and 10 (5.85%), accounting for 44.45% in total.
Qin Ruohan, general manager of Jinhua fund, said in an interview with the Securities Daily: “major countries around the world are accelerating the research and development of innovative drugs focusing on vaccines, shortening the administrative approval process, and adding the catalysis of the epidemic situation on the demand for testing products, which directly stimulates the basic orientation of pharmaceutical related enterprises.”
Taking Guangdong Hybribio Biotech Co.Ltd(300639) as an example, the company expects to make a profit of 800 million yuan to 860 million yuan in 2021, an increase of 120.59% to 137.14% over the same period of last year. The company said that during the reporting period, it continued to promote the integrated business model of “nucleic acid testing products + medical testing services”, and continued to implement the “nucleic acid 99 strategy” and “Kaipu B53 nucleic acid remote strategic service scheme”. The company’s third-party Medical Laboratory (including Hong Kong) actively participated in covid-19 epidemic prevention and control, and its business achieved rapid development.
On the performance of Listed Companies in computer communication and other electronic equipment manufacturing industry, Chen Mengjie, chief strategist of YueKai securities, told Securities Daily: “Computer communication has benefited from the wave of intelligence, and the fields of intelligent driving and vehicle networking are ready to go. In addition, the penetration of cloud computing, big data and other technologies has increased, which also supports the continuous growth of the industry; the implementation of industrial modules of new infrastructure such as 5g project has led to the continuous improvement of the business conditions of leading companies.”
Guangdong Leadyo Ic Testing Co.Ltd(688135) said in the performance forecast that with the vigorous development of China’s integrated circuit industry, the prosperity of the industry continues to improve. In the second half of 2021, the company has full test orders and the production capacity is in full load operation. The company’s expected operating revenue in the fourth quarter was 134 million yuan to 159 million yuan, a record high in a single quarter since the establishment of the company.
Yangzhou Yangjie Electronic Technology Co.Ltd(300373) said that in 2021, benefiting from the favorable policies issued by countries and regions and the stimulation of downstream markets, the company seized the opportunity of accelerating the domestic substitution of power semiconductors, strengthened market development and accelerated the release of new production capacity. During the reporting period, the group’s operating revenue increased by more than 60% year-on-year.
Sichuan Hebang Biotechnology Co.Ltd(603077) temporary residence “pre increase king”
According to the sorting, according to the performance growth rate ranking (based on the upper limit of the year-on-year growth rate of the predicted net profit), the number that temporarily ranks first in the list of annual performance growth in 2021 is Sichuan Hebang Biotechnology Co.Ltd(603077) , and the highest year-on-year growth is expected to be 7960.09%.
In the performance forecast, the company said that its main products are glyphosate, glyphosate, soda ash, ammonium chloride and glass. Benefiting from the improvement of environmental protection requirements and the further clearing of backward production capacity caused by the epidemic, the capacity expansion is limited, superimposing the growth of downstream demand, so as to drive the rise of sales prices and enable the company to obtain reasonable operating profits.
In addition, among the enterprises with a net profit increase of more than 100%, it is noteworthy that many non-ferrous metal enterprises are among them. For example, Tibet Summit Resources Co.Ltd(600338) expects the net profit to increase by 2842.69% year-on-year in 2021. In addition, Zhejiang Huayou Cobalt Co.Ltd(603799) , Pangang Group Vanadium Titanium & Resources Co.Ltd(000629) and other non-ferrous metal enterprises are expected to have the highest year-on-year growth in net profit, 260.56% and 262.29% respectively.
“Nonferrous metals are bulk commodities. The profits of the industry largely depend on international commodity prices. Last year, major central banks adopted monetary easing policies, which began to play a role in stimulating demand.” Cheng Yu, a senior researcher at the Institute of understanding, told the Securities Daily.
Driven by commodity prices, the prices of non-ferrous metals including zinc, lead, cobalt, copper, aluminum and molybdenum rose one after another in 2021. “Nonferrous metal prices continued to rise and once hit a new high in recent years, opening up profit growth space for enterprises engaged in this kind of business.” Wang Guoqing, director of Lange Iron and Steel Research Center, said in an interview with Securities Daily.
first loss of several thermal power enterprises
At the “end” of the performance ranking, some enterprises have a hard time, and even fall into “the first loss”.
Under the contradiction between coal and electricity, thermal power enterprises have become the first disaster area with heavy losses. The reporter noticed that four of the five pre loss enterprises ranked at the “end” according to the predicted net profit are thermal power enterprises. Among them, Shenyang Jinshan Energy Co.Ltd(600396) it is expected that the net profit attributable to shareholders of listed companies will lose 1.8 billion yuan to 2.038 billion yuan in 2021, with a year-on-year decrease of 1.882 billion yuan to 2.12 billion yuan.
For the performance loss, the above thermal power enterprises have explained the reasons, saying that the coal price has risen sharply year-on-year, and the cost of power generation and heating has been inverted. Hu Qimu, chief researcher of Sinosteel Economic Research Institute, explained to the reporter of Securities Daily: “the rapid and sharp rise in the price of thermal coal in 2021 has greatly increased the cost of thermal power enterprises. Under the pricing mechanism that the marketization of coal price is much higher than that of electricity price, the profit of thermal power enterprises has been greatly compressed by the rise in cost.”
In addition to many thermal power enterprises in deep losses, there are not a few cases of performance decline due to changes in the market environment. According to the year-on-year increase of predicted net profit, the performance of an enterprise has dropped 47 times due to changes in the downstream market, ranking the first temporarily.
In the performance forecast, the enterprise pointed out that due to the changes in the development structure of downstream industries far exceeding expectations, customers’ increasing technical requirements for products, accelerating the transformation of product specifications, and some products and main raw materials failed to be effectively handled in time due to the changes in downstream customers’ demand, resulting in an increase in the provision for inventory falling price reserves, affecting the current performance.
In addition, some enterprises such as Huasu Holdings Co.Ltd(000509) said that due to the continuous impact of the epidemic, the loss of the company’s exhibition service sector increased, the net profit changed from profit to loss, and the loss is expected to be 4 million yuan to 6 million yuan.
