With the further increase in the number of listed companies that disclose the performance forecast of 2021, the performance veil of A-share listed companies in 2021 has been further lifted.
Statistics show that as of January 22, 2022, more than 800 A-share listed companies have disclosed 2021 performance forecasts, of which more than 80% of the company's performance forecasts.
However, at the same time, there are also many companies with significant pre loss in 2021. According to the current disclosure, the pre loss reasons mainly include the decline of pig price, the rise of coal price and the thunderstorm of private network communication. These pre loss reasons are also expected to become several main keywords for companies with loss in 2021.
more than 800 A-share companies predict more than 80% of the performance in 2021
According to the data, up to now, more than 800 A-share listed companies have made forecasts for the performance in 2021.
According to wind's statistical caliber, according to the forecast type, among the more than 800 companies mentioned above, there are 459 performance increase companies, 132 slight increase companies, 54 loss recovery companies and 19 profit continuation companies. The total number of companies with the above performance forecast type is 664, accounting for more than 80%.
There are 141 companies with pre reduction, first loss, slight reduction and continued loss, accounting for about 17.45%.
In addition, the performance forecast type of three companies is uncertain.
According to the lower limit of predicted net profit, more than 700 companies have positive predicted net profit, including more than 500 companies with predicted net profit of more than 100 million yuan.
Further statistics show that 131 companies have a forecast net profit of more than 1 billion yuan, of which 8 companies have a forecast net profit of more than 10 billion yuan.
China Mobile is temporarily the company with the highest expected net profit. After China Mobile's A-share listing, it is expected to become the company with the highest profit scale among non-financial companies in the A-share market, exceeding Petrochina Company Limited(601857) , Kweichow Moutai Co.Ltd(600519) .
China Mobile had previously predicted the company's performance in 2021 in the prospectus. According to the announcement, China Mobile expects the operating revenue in 2021 to be about 844.877 billion yuan to 852.558 billion yuan, with a year-on-year increase of about 10% to 11%; The net profit attributable to the shareholders of the parent company was about 114.307 billion yuan to 116.464 billion yuan, with a year-on-year increase of about 6% to 8%; After deducting non recurring profits and losses, the net profit attributable to shareholders of the parent company was about 107.285 billion yuan to 109.328 billion yuan, with a year-on-year increase of about 5% to 7%.
Petrochina Company Limited(601857) the profit scale is also expected to be high in 2021. According to the performance forecast released not long ago, the company expects to realize the net profit attributable to the shareholders of the company in 2021, which will increase by 71 billion yuan to 75 billion yuan, an increase of 374% to 395% compared with the same period of last year; Compared with the same period in 2019, it will increase by 44.3 billion yuan to 48.3 billion yuan, an increase of 97% to 106%, and an average increase of 40% to 43% in two years, the best level in the same period in recent seven years.
According to statistics, according to the lower limit of year-on-year growth of predicted net profit, 269 of the above more than 800 companies had a year-on-year growth rate of more than 100% in 2021.
there are different reasons for the company's large performance loss in advance, and several major reasons have become the main "Keywords"
It is worth noting that among the more than 800 companies that have issued performance forecasts for 2021, many companies expect net profit losses.
If calculated according to the lower limit of predicted net profit, 65 of the above 800 companies are expected to suffer losses in 2021, including 48 companies with a loss of more than 100 million yuan and nearly 20 companies with a loss of more than 500 million yuan.
Among them, Wens Foodstuff Group Co.Ltd(300498) , Baiji shenzhou-u, Cosco Shipping Energy Transportation Co.Ltd(600026) , Jiangsu Zhongli Group Co.Ltd(002309) , Huadian Energy Company Limited(600726) , Shenyang Jinshan Energy Co.Ltd(600396) , Shanghai Electric Power Co.Ltd(600021) , Shenzhen Wenke Landscape Co.Ltd(002775) , Zhejiang Unifull Industrial Fibre Co.Ltd(002427) and other companies rank among the top in terms of pre loss scale.
The reasons for the advance loss of each company vary greatly, but some similar factors are still mentioned.
The recent performance forecast of breeding leader Wens Foodstuff Group Co.Ltd(300498) with a market value of more than 100 billion is the most eye-catching, and the company's advance loss exceeds 10 billion yuan.
According to the announcement of Wens Foodstuff Group Co.Ltd(300498) , the company expects the net profit attributable to shareholders of Listed Companies in 2021 to be a loss of 13 billion yuan – 13.8 billion yuan, and the company also made a profit of about 7.4 billion yuan in the same period of last year.
Wens Foodstuff Group Co.Ltd(300498) for the large advance loss of performance, it is explained that during the reporting period, the company sold 13217400 pigs (including hairy pigs and fresh products), and the average sales price of hairy pigs was 17.39 yuan / kg, a year-on-year decrease of 48.18%. During the reporting period, the price of live pigs fell sharply. At the same time, due to the continuous rise in the price of feed raw materials, the fattening of some pig seedlings purchased by the company and the continuous promotion of pig breeding optimization, the profit of the company's pig breeding business decreased significantly year-on-year, resulting in deep losses.
Wens Foodstuff Group Co.Ltd(300498) the advance loss largely stems from the sharp decline in pork prices under the pig cycle. According to the reporter's observation, the main continuous contract quotation of China's pig futures has halved in 2021. And Wens Foodstuff Group Co.Ltd(300498) is not the only company that made a loss in advance because of the sharp drop in pig prices. In addition, Jiangsu Lihua Animal Husbandry Co.Ltd(300761) also mentioned the impact of the decline in Chinese pig prices in 2021 when announcing the pre loss of performance in 2021.
another type of performance pre loss companies are concentrated in power industry companies, especially some listed companies with high proportion of thermal power business.
For example, Huadian Energy Company Limited(600726) recently released the 2021 annual performance loss forecast announcement, which shows that the company's 2021 performance loss is expected to be about 3 billion yuan.
For the main reasons for the pre loss of performance, Huadian Energy Company Limited(600726) said that first, due to the continuous sharp rise in coal prices and tight supply, the fuel cost increased by about 1.1 billion yuan year-on-year; Second, the profit of Shenyang Jinshan Energy Co.Ltd(600396) the company's main participating units decreased in the current period, which affected the company's investment income by about 400 million yuan year-on-year; Third, the power generation in this period decreased year-on-year, reducing profits by about 300 million yuan.
Zhejiang Zheneng Electric Power Co.Ltd(600023) the recently released announcement of performance loss in 2021 also shows that according to the preliminary calculation of the financial department, the company is expected to realize a net profit attributable to the shareholders of the listed company in 2021, ranging from a loss of 760 million yuan to a loss of 1.14 billion yuan.
As for the main reasons for the performance loss in advance, Zhejiang Zheneng Electric Power Co.Ltd(600023) said that under the severe situation of rapid growth of social energy demand, continuous tight balance of bulk commodities and rising prices in 2021, the company bravely assumed the social responsibility of state-owned enterprises, resolutely shouldered the political and social responsibility of power supply, achieved full and stable power generation, and greatly alleviated the tense situation of power supply. However, due to the sharp rise of coal price, the fuel cost of the company increased significantly, and the net profit attributable to the parent decreased significantly year-on-year, resulting in a loss in 2021.
In addition, a number of A-share companies, including Shenyang Jinshan Energy Co.Ltd(600396) , Shanghai Electric Power Co.Ltd(600021) , Jiangxi Ganneng Co.Ltd(000899) , Dalian Thermal Power Co.Ltd(600719) , also mentioned the factors of rising coal prices when predicting losses in 2021.
in addition to the sharp drop in pig prices and the sharp rise in coal prices, the thunderstorm of private network communication has also become the main reason for the significant advance loss of the performance of some A-share companies in 2021.
For example, Jiangsu Zhongli Group Co.Ltd(002309) estimates that the loss in 2021 will be as high as 3.2 billion yuan – 4 billion yuan. When explaining the main reasons for the company's performance loss, Jiangsu Zhongli Group Co.Ltd(002309) mentioned that due to the thunderstorm of private network communication business, the company's accounts receivable, prepayments and inventories involved in private network communication business are subject to asset impairment; For the guarantee provided by the subsidiary Zhongli electronic financing, the estimated liabilities are accrued; Losses are accrued for the long-term equity investment of the subsidiary Zhongli electronics. The above provision is expected to be about 2.2 billion yuan.
Raisecom Technology Co.Ltd(603803) it is expected to lose 820 million yuan to 850 million yuan in 2021. The company also mentioned that the private network communication business conducted by the wholly-owned subsidiary Beijing deep blue XunTong Technology Co., Ltd. had concentrated violations of customers' overdue payment and suppliers' overdue supply during the reporting period, and there were risks that the relevant accounts receivable and prepayments could not be recovered and the inventory could not be fully realized. In view of the above operational risks, the company, in combination with the actual situation of the private network business and the progress of relevant litigation, based on the principle of prudence and through strict impairment test procedures, accrued a total of RMB 437108400 for the expected credit impairment of accounts receivable and other receivables related to the private network business and RMB 414636900 for the inventory depreciation during the reporting period, A total of 851745300 yuan of impairment loss was accrued.
