At the beginning of the new year, the annual report market started quietly. On January 18, the annual report performance disclosure of A-share listed companies in 2021 will officially begin.
“2021 is a year of speculation on the concept of growth and speculation. Some track stocks rose sharply, while many leading stocks fell. In 2022, the market style may gradually switch to the target of value investment, ‘performance is king’ or become the main investment concept.” Yang Delong, chief economist of Qianhai open source fund, told the Securities Daily.
According to the scheduled disclosure schedule of 2021 annual report released by Shanghai and Shenzhen Stock Exchange, Shenzhen main board company Huasu Holdings Co.Ltd(000509) took the lead and took the lead in the “first shot” of 2021 annual report disclosure on January 18. In addition, the companies expected to disclose the annual report of 2021 in January include small and medium-sized board companies Shandong Wohua Pharmaceutical Co.Ltd(002107) , Bus Online Co.Ltd(002188) ; Shanghai main board company Shanghai Kaikai Industry Company Limited(600272) .
From the historical experience, in the A-share market, the companies with the higher disclosure time of the annual report are more likely to be concerned by the market. Even without the support of performance, it is still difficult to stop the enthusiasm of funds.
This year seems to be no exception. Since the new year, the four companies that submitted the “report card” first have performed very eye-catching. As of January 17, the cumulative increase in the year has exceeded 10%, of which, Shanghai Kaikai Industry Company Limited(600272) has increased by 100.12% and Huasu Holdings Co.Ltd(000509) has increased by 23.37%.
Usually, before the annual report is officially released, some companies will take the lead in issuing performance forecast and performance express. According to the statistics of Hithink Royalflush Information Network Co.Ltd(300033) , the reporter of Securities Daily found that as of the closing on January 17, 455 listed companies in Shanghai and Shenzhen had issued annual report performance forecasts for 2021, of which 391 companies had annual report performance forecasts (including pre increase, slight increase, loss reversal and profit renewal), accounting for 85.9%.
Further statistics show that as of the closing on January 17, a total of 41 listed companies in Shanghai and Shenzhen have released the annual report and performance express of 2021. Among them, the net profit of 35 companies increased year-on-year, accounting for 85.4%. Among them, China Coal Xinji Energy Co.Ltd(601918) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) and other two companies, the net profit increased by more than 100% year-on-year, ranking the top, 186.7% and 111.06% respectively.
Although the above data only show the “results” of some companies’ annual reports, it is found that the two industries have attracted much market attention due to their excellent performance.
First, the performance of the chemical industry exploded.
From the perspective of shenwanyi industry, the above 391 annual report pre hi companies are mainly concentrated in four industries: basic chemical industry (61), medicine and Biology (46), mechanical equipment (38) and electronics (36).
In this regard, people in the industry generally believe that many chemical enterprises will benefit from the “price rise” of chemical products in 2021.
For the performance prediction of many chemical enterprises, BOC International said that from the perspective of the sub industries of the chemical industry, among the enterprises that disclosed the performance prediction, the significant year-on-year increase in the net profit attributable to the parent was mostly concentrated in the sub industries such as soda ash, pesticide and chemical fertilizer. Among them, the growth rate of net profit attributable to parent enterprises of soda ash and chemical fertilizer enterprises exceeded 100%, and the growth rate of net profit attributable to parent enterprises of pesticide enterprises exceeded 50%, mainly because the company’s product price increased significantly during the reporting period. Most of the enterprises whose net profit attributable to the parent company is expected to decline year-on-year are concentrated in other chemical industries. The decline of net profit is related to the rise of raw material prices and the limited capacity utilization under the dual control of energy consumption.
Secondly, the performance of bank stocks is bright.
From the 41 listed companies that have published the performance express, 11 listed banks have issued the performance express, and the net profit has all increased. Among them, the net profit of 10 banks has increased by more than 20% year-on-year. Bank Of Jiangsu Co.Ltd(600919) net profit increased by 30.72% year-on-year, ranking the first.
Bank stocks not only have a good performance, but also have a very eye-catching trend this year. Since this year, the bank sector index has increased by 1.77% this year, far outperforming the Shanghai stock index in the same period (down 2.7%).
In this regard, Qin Hong, a consulting analyst of jinbailin, said in an interview with the Securities Daily that recently, blue chips and white horse stocks with excellent performance and relatively low individual stock valuation data, such as bank stocks, mostly have a P / E ratio of about 5 times, a P / B ratio of less than 1 times, and a dividend rate of 3% or higher, showing their high cost performance. The performance of bank stocks exceeded expectations, making them active in the near future and showing an upward breakthrough trend.
Everbright Securities Company Limited(601788) analysts believe that the banking sector is expected to remain strong in the future. There are three reasons: first, the real estate risk is gradually mitigated, and the market pessimistic expectation is in the process of repair; Second, the key to steady growth lies in “steady investment”, which requires “wide credit”, and the market has expectations for “wide credit”; Third, the preference of funds for undervalued sectors increased, and bank stocks usually performed well in the beginning of the year.
Table: expected shares in the annual report with a cumulative increase of more than 20% since 2022:
