The first quarterly performance report of A-share listed companies is in full swing. Some companies can't wait to start publishing the semi annual performance of 2022, which has attracted the attention of many investors. Whose performance is better than expected, and who will explode the performance thunder? How to tap the investment opportunities
stock performance summary:
is the concept of nucleic acid detection vehicle popular Zhongtong Bus Co.Ltd(000957) 4 days 4 board deduction of non net profit and loss for three years deduction of non net profit and loss for three years
The stock closed at the price limit of . According to public reports, during the May Day holiday, Zhongtong Bus Co.Ltd(000957) delivered 18 nucleic acid detection vehicles at one time. This is the first mass delivery of Zhongtong Bus Co.Ltd(000957) 13m nucleic acid detection vehicle to the market. Its daily detection capacity can reach 10000 tubes. According to the 10:1 mixed detection standard, the daily detection can reach 100000 person times. It is reported that Zhongtong nucleic acid detection vehicle has been put into operation in Shanghai, Hebei, Jilin, Guangxi, Gansu, Shandong and other places.
With the rise of the concept of nucleic acid detection vehicle, the stock price of Zhongtong Bus Co.Ltd(000957) rose one after another, dwarfing the performance of Zhongtong Bus Co.Ltd(000957) continued downturn Zhongtong Bus Co.Ltd(000957) 2021 annual report shows that in 2021, the company achieved an operating revenue of 4.587 billion yuan, a year-on-year increase of 4.06%; The net profit attributable to the parent company was - 220 million yuan, with the first loss since the listing; The net profit deducted from non-profit was -276 million yuan, a year-on-year decrease of 21.31%, which was negative for the third consecutive year.
As for the loss, the Zhongtong Bus Co.Ltd(000957) annual report said that the weak bus market in the company's main markets and the sharp contraction in the demand of major overseas customers led to the decline in sales. At the same time, the price of raw materials has risen, the competition in China's industry has intensified, and the price war has intensified, resulting in a sharp decline in the company's profits.
The annual report also shows that in 2021, the total output of Zhongtong Bus Co.Ltd(000957) vehicles was 10050 and the total sales volume was 10220, of which the output of new energy vehicles reached 5741, the sales volume was 5774, and the sales revenue was 3.219 billion yuan, accounting for 70% of the total revenue. 17%。 In 2021, the capacity of Zhongtong Bus Co.Ltd(000957) new energy vehicles will be 20000.
in the first quarter, the net profit of China's listed auto enterprises fell by more than 70% new energy vehicle business became a new engine for performance growth
The grim situation in China's auto market continues. Statistics show that as of May 17, 21 listed vehicle enterprises in China have disclosed the performance report of the first quarter of 2022, and the performance of passenger vehicle enterprises is better than that of commercial vehicle enterprises as a whole.
Overall, the net profits of 21 listed auto enterprises show the characteristics of ladder distribution. Three auto enterprises have a net profit of more than 3 billion yuan, one has a net profit of more than 1 billion yuan and two have a net profit of more than 400 million yuan; The net profit of most other auto enterprises is below 200 million yuan, and 9 auto enterprises have losses.
Among the 8 passenger car enterprises that have disclosed the first quarterly report, 4 have achieved double growth in revenue and net profit, namely Byd Company Limited(002594) , Guangzhou Automobile Group Co.Ltd(601238) , Chongqing Changan Automobile Company Limited(000625) , Haima Automobile Co.Ltd(000572) ; There are three companies with increased revenue and decreased net profit, namely Great Wall Motor Company Limited(601633) , Chongqing Sokon Industry Group Stock Co.Ltd(601127) , Baic Bluepark New Energy Technology Co.Ltd(600733) . Saic Motor Corporation Limited(600104) suffered a double drop in revenue and net profit.
It is worth mentioning that Byd Company Limited(002594) , Baic Bluepark New Energy Technology Co.Ltd(600733) which are mainly engaged in new energy vehicle business, achieved significant growth in sales in the first quarter of this year. Statistics show that Byd Company Limited(002594) achieved sales of 291400 vehicles in the first quarter of this year, a year-on-year increase of 180% Baic Bluepark New Energy Technology Co.Ltd(600733) in the first quarter, the sales volume increased by 190% year-on-year, and the driving effect of new energy vehicle business on the sales volume of automobile enterprises became more and more obvious.
defense industry revenue growth hit a five-year high 29 shares net profit continued to grow
Statistics show that the average return on net assets of the national defense industry in 2021 is 4.92%, while the agency expects the average return on net assets of the industry to reach 6.46% in 2022, with a year-on-year increase of 1.54 percentage points. At the same time, the institutions unanimously predict that the compound growth rate of net profit of the industry will reach 39.65% in the next two years.
The 14th five year plan and the long-term goal of 2035 put forward for the first time the goal of achieving the Centennial goal of building the army in 2027, and put forward "accelerating the modernization of weapons and equipment, accelerating the upgrading of weapons and equipment and the development of intelligent weapons and equipment". China's weapons and equipment have entered a period of accelerated construction.
According to data treasure statistics, a total of 29 military stocks have achieved continuous growth in net profit for five consecutive years. Two hundred billion market value shares are listed as Aecc Aviation Power Co Ltd(600893) and Avic Shenyang Aircraft Company Limited(600760) . In absolute terms, the net profit of six shares in 2021 exceeded 1 billion yuan, with Avic Jonhon Optronic Technology Co.Ltd(002179) , Avic Shenyang Aircraft Company Limited(600760) net profits ranking first, reaching 1.991 billion yuan and 1.696 billion yuan respectively.
Starting from the change of net profit, the net profit of 7 shares in 2021 increased by more than 50% year-on-year, and China Zhenhua (Group) Science & Technology Co.Ltd(000733) , Xi'An Triangle Defense Co.Ltd(300775) doubled year-on-year. The timeline was lengthened. Compared with the net profit in 2017, the profit of 22 shares doubled, Wuhan Guide Infrared Co.Ltd(002414) took the lead, and the net profit increased by 18 times, China Zhenhua (Group) Science & Technology Co.Ltd(000733) , Beijing Yuanliu Hongyuan Electronic Technology Co.Ltd(603267) , Gaona Aero Material Co.Ltd(300034) , Wuxi Paike New Materials Technology Co.Ltd(605123) , and visualizing technology increased by more than 4 times.
In the first quarter, the epidemic situation in China was repeated and the delivery of military industry was off-season, but the overall performance of the industry was excellent and the prosperity was good. In the first quarter, the net profit of 25 shares increased by more than 50%, and 16 shares doubled North Navigation Control Technology Co.Ltd(600435) net profit increased by 26.34 times, mainly due to the recognition of investment income from the disposal of subsidiaries Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) , Guanglian Aviation Industry Co.Ltd(300900) increased by more than 10 times. According to the unanimous prediction of more than five institutions, the annual net profit of Sinofibers Technology Co.Ltd(300777) , North Industries Group Red Arrow Co.Ltd(000519) 2022 is expected to double Aerospace Ch Uav Co.Ltd(002389) , Changsha Jingjia Microelectronics Co.Ltd(300474) and Xi'An Triangle Defense Co.Ltd(300775) are also expected to grow by more than 50%
industry performance summary:
textile, clothing and luxury industry weekly: how does this round of exchange rate fluctuations affect textile enterprises
The resumption of trading shows that under the background of the stabilization and recovery of terminal demand and the improvement of enterprise operation, the performance of representative textile enterprises often benefits from the profit thickening brought by the downward exchange rate of RMB against the US dollar, and the market performance has a certain correlation with the exchange rate trend, and the strength of demand has an impact on the correlation between the two.
At present, under the background of reduced smoothness of China's supply chain, cautious domestic demand and diversion orders for resumption of production in other producing countries, the prosperity of Q2 textile manufacturing sector is expected to decline, and the expectation of sharp depreciation of exchange rate and tariff reduction in the near future will boost the sentiment of the sector. However, under the background of weak orders of textile enterprises, it is expected that the subsequent decline of RMB against the US dollar will weaken the impact on the trend of individual stocks. Comprehensively consider exchange rate elasticity and demand side uncertainty. Focus on Huali Industrial Group Company Limited(300979) , Zhejiang Jasan Holding Group Co.Ltd(603558) and others with overseas layout advantages, high proportion of export sales and booming track, and pay attention to Shenzhou International and Zhejiang Weixing Industrial Development Co.Ltd(002003) , which have long-term growth.
oil and gas industry: mismatch between fragile supply system of crude oil and recovery of demand
In the follow-up, we believe that the factors needing attention mainly lie in the conflict of geopolitical events and the start-up of European refineries. In terms of geopolitics, we think we need to focus on ① the possibility and rhythm of Iran's output return. ② The future output changes of Russia under the background of the conflict between Russia and Ukraine. ③ The development of the global epidemic. ④ The possibility of IEA further releasing strategic reserves. At the same time, the current operating rate of European refineries is low due to the rise of hydrogen production costs caused by high gas prices, the decrease of Russian oil imports, the maintenance season and the rise of energy costs. After the overhaul season, attention should be paid to the increase in the operating rate of European refineries. At the same time, we believe that the shortage of diesel in Europe is difficult to improve in the short term.
semiconductor industry monthly report: structural growth of downstream demand Q1 performance differentiation of segments continued
In the first half of 2022, the downstream demand of the semiconductor industry maintained structural growth, and the supply-demand imbalance of new energy vehicles, industrial control, medium and high-end IOT fields, power management chips, MCU and other products continued, driving the performance of relevant enterprises in the semiconductor industry chain up. In the medium and long term, geopolitical conflicts may accelerate the anti globalization process of the science and technology industry, and accelerate the localization substitution process, which is good for Chinese semiconductor enterprises. On the demand side, downstream markets such as 5g mobile phones, folding mobile phones, new energy vehicles, Internet of things equipment and enterprise digital transformation are in the ascendant, bringing new increment, opportunities and competition to the semiconductor industry, and leading semiconductor manufacturing, design and vehicle regulation semiconductor enterprises will continue to benefit. It is suggested to continue to pay attention to the semiconductor industry and maintain the industry overweight rating.
medical service industry weekly report: outstanding performance and valuation advantages epidemic ebb and medical demand is expected to rebound
Under the condition of continuous optimization of innovation, there is also differentiation within the "innovation" track. It is expected that in the future, the innovation Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) chain will also enter the stage of "beach landing" from the previous "strategic layout". Only companies that truly realize the large amount of innovation are expected to benefit and benefit the "real innovation" industry chain. With the implementation of DRG / dip, the pharmaceutical structure will continue to be optimized and "policy immunization" consumer medical related companies will be preferred. We maintain the "overweight" rating of the medical service industry and suggest paying attention to the following three main lines: (1) innovative drug seller "CXO" industrial chain company: China's CXO company will benefit from the general trend of overseas production capacity transfer to China. At the same time, China's medical reform and good pharmaceutical venture capital environment make pharmaceutical R & D in full swing. It is suggested to focus on clinical cro leading companies and back-end cro / cdmo companies.
(2) private specialized medical services: the state continues to encourage social capital to run hospitals, and private specialized hospitals are small under the pressure of policies. It is suggested to focus on leading companies of specialized medical services such as stomatology and ophthalmology.
(3) third party medical laboratory: independent medical laboratory has many testing items and strong technical ability, which has obvious advantages over the hospital's own testing department. It is expected that with the continuous improvement of inspection demand and ICL penetration, the scale of China's ICL industry will continue to maintain steady growth. It is suggested to pay attention to ICL leading companies.
photovoltaic industry 2021 annual report & 2022 annual report summary: high growth of the industry high prosperity of silicon
Investment suggestions: 1) silicon material capacity release, downstream installation demand start, marginal positive links, integrated components, silicon wafers, diamond wires, glass, inverters, etc., recommended Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Yangling Metron New Material Co.Ltd(300861) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , etc; 2) For the silicon material link in continuous demand, Tongwei Co.Ltd(600438) , Xinjiang Daqo New Energy Co.Ltd(688303) ; 3) Layout of new battery technology enterprises, recommended targets Longi Green Energy Technology Co.Ltd(601012) , Liancheng CNC.
