On January 24, a number of listed companies reported “good news” in the performance forecast of 2021. Based on the rapid growth in the first three quarters of last year, the industry boom and the rise of volume and price have become important performance pillars.
It is estimated that the net profit attributable to the parent company in 2021 will be 1.01 billion yuan to 1.19 billion yuan, with a year-on-year increase of 959% to 1148%, Zhejiang Juhua Co.Ltd(600160) is “in the forefront” with a performance growth rate of nearly 10 times, far exceeding the 571% growth rate of the company in the first three quarters.
For the reasons for the large increase in performance, Zhejiang Juhua Co.Ltd(600160) can be summarized into four points: first, the prices of the company’s main products increased year-on-year due to the rise in the prices of upstream raw materials, the promotion of costs, and the improvement of the supply and demand pattern of the industry; Second, strengthen market analysis and prediction, optimize product structure, strengthen market development, and maintain the stable growth of production, sales and revenue of main products; Third, give full play to the advantages of industrial chain integration, promote digital reform and green development, strengthen fine management, and better control the adverse effects caused by the rapid rise of raw material prices; Fourth, the gross profit margin of main products increased and the income of main business increased, which improved the profitability of main business.
Also benefiting from the expansion of production capacity and the rise of product prices, Western Mining Co.Ltd(601168) also delivered a good performance forecast that night: it is expected that the net profit attributable to the parent company will increase by about 220% year-on-year in 2021, which is higher than the growth rate of the third quarterly report in 2021. Specifically, during the reporting period, Yulong Copper reconstruction and expansion project was put into operation, and the output of copper concentrate increased significantly compared with the same period of last year; The market price of non-ferrous metals continued to improve. The price of copper concentrate and zinc concentrate, the company’s main products, increased significantly compared with the same period of last year, and the performance of this period increased year-on-year.
The product market demand continued to be strong, which ignited the “fire” of Gigadevice Semiconductor (Beijing) Inc(603986) ‘s performance. It is reported that in 2021, the demand for terminal intelligence and the localization trend of supply chain will become more and more obvious. Seize this momentum, Gigadevice Semiconductor (Beijing) Inc(603986) actively explore new markets and customers, optimize the structure of products and customers, and increase the contribution of revenue in industries and other fields; At the same time, continue to strengthen R & D, constantly improve the product line and enhance the core competitiveness; On the supply side, the company promotes the diversified layout of the supply chain, actively responds to supply shortages, and provides strong capacity guarantee for performance growth.
With external opportunities and our own efforts, Gigadevice Semiconductor (Beijing) Inc(603986) it is estimated that the net profit attributable to the parent company will reach 2.28 billion yuan to 2.42 billion yuan in 2021, an increase of 1.399 billion yuan to 1.539 billion yuan compared with the same period of last year, a year-on-year increase of 158.88% to 174.78%. The company’s growth rate in the first three quarters of 2021 was 145%.
For another example, Xiangtan Electrochemical Scientific Co.Ltd(002125) announced on the evening of January 24 that the net profit attributable to shareholders of listed companies is expected to be 190 million yuan to 250 million yuan in 2021, with a year-on-year increase of 651.03% to 888.2%, which is “further” compared with the growth rate of 468.15% in the first three quarters of 2021. In this regard, the company said that the main reason was that the sales unit price of electrolytic manganese dioxide products increased year-on-year, the company’s investment income in associated enterprises increased year-on-year, and other business income such as ore sales increased year-on-year.
Similarly, benefiting from the continuous improvement of the external environment of lithium carbonate business during the reporting period, the growth of downstream demand and the significant increase of sales price compared with the same period, Jiangxi Special Electric Motor Co.Ltd(002176) the production and sales volume of lithium carbonate business increased significantly in 2021. The company estimates that the net profit attributable to the parent company in 2021 will be 350 million yuan to 450 million yuan, with a year-on-year increase of 2343.03% to 3041.03%.
In addition to the main business, some companies rely on non operating profit and loss and accounting treatment to add luster to the “report card”. Wangfujing Group Co.Ltd(600859) announced on the evening of January 24 that the net profit attributable to the parent company is expected to reach 1.239 billion yuan to 1.399 billion yuan in 2021, which is expected to increase by 900 million yuan to 1.06 billion yuan, a year-on-year increase of 266% to 313% compared with the data in the same period of the previous year after the merger and adjustment of enterprises under the same control.
In addition to the low base in the same period of 2020 due to the covid-19 pneumonia epidemic and the factors affecting the company’s full resumption of operation in 2021, capital integration and investment income have become the two key points of Wangfujing Group Co.Ltd(600859) “revenue generation”. It can be seen from the announcement that Wangfujing Group Co.Ltd(600859) absorbed the merged shoushang shares during the reporting period, included the net profit of the latter from the beginning of the period to the merger date into the non recurring profit and loss of the current year, and adjusted the comparative data of the previous period of the consolidated financial statements accordingly; At the same time, affected by the rise in the share price of trading financial assets held by the company, the profit and loss from changes in fair value increased significantly compared with the same period of last year.
