Nearly 60percent of A-share companies cash flow growth 441 Qianjing attracted outstanding attention

category:Finance
 Nearly 60percent of A-share companies cash flow growth 441 Qianjing attracted outstanding attention


According to the statistics of tonghuashun, the reporter of Securities Daily found that 2190 companies, accounting for nearly 60%, had achieved year-on-year growth in net cash flow from operating activities in the first three quarters of the listed companies that had disclosed the results of the three quarters. In addition, there were 441 companies with net cash flow per share of operating activities of 1 yuan or more in the reporting period, and the improvement of their operating environment and operating capacity was highlighted.

Specifically, among the 441 good money companies mentioned above, 195 had a year-on-year increase of net cash flow from operating activities of more than 100% in the first three quarters. Among them, the net cash flow from operating activities of 30 companies including Taihe Group, Deloitte group, Tianyu group, Yiwang Yichuang, Huafu fashion, Zhejiang Longsheng, Changhong Huayi and Haida group increased by more than 10 times over the same period of last year.

For the machinery industry, China Merchants Securities said that from the perspective of the industrys three quarterly reports, the growth rate of net profit slowed down due to weak demand and intensified competition. Driven by the counter cycle policy, construction machinery, oil and gas equipment, photovoltaic equipment and other sub industries have a high prosperity. The investment strategy in the fourth quarter is still the sub industry and leading company with the highest recommended prosperity and certainty, looking for certainty in the industry downturn.

For different industries, the relationship between profit growth and cash flow indicators is different. Analysts believe that, first, the proportion of operating cash flow in the consumer sector is highly related to the profitability of enterprises. Consumer companies with high operating cash flow tend to perform relatively well. Second, the large cycle sector is similar to consumption, operating cash flow has a high correlation with profit, and the worse the performance of the company, the slower the increase of accounts receivable, the more eager to return accounts receivable. Third, for the technology sector, the operating cash flow index is not highly correlated with profitability, but the proportion of sales cash is highly correlated with profitability. In recent years, technology companies with high performance growth tend to have low proportion of cash sales (a large number of receivables are retained, and follow-up income outlook is better), and high proportion of increase in payables (better bargaining power).

Abundant cash flow not only provides an important guarantee for the normal operation of listed companies, but also provides greater space for the future development of the company. For this reason, the above-mentioned 441 Qianjing outstanding companies future investment opportunities are also generally favored by institutions.

According to statistics, 273 of the 441 stocks mentioned above have been rated as buy or increase by institutions in the past 30 days, accounting for 61.9%. Among them, Guizhou Maotai (37), Songcheng Performing Arts (28), Shanxi Fenjiu (26), Great Wall Motors (26), Ningde times (25), Ping An Bank (24), Juewei food (24), Lixun precision (23), boss appliances (23), Hualu Hengsheng (22), China Ping An (22), Wanhua chemical (21), oupai home furnishing (21) Shanghai Jiahua (21) and other 14 stocks have been jointly favored by more than 20 institutions recently. According to the analysis of Zhongtai securities, the so-called growth sector is facing downward pressure in the context of slowing economic growth. From the perspective of investment, we can ignore cash flow in the high growth stage; when we turn to the low growth stage, whether the cash flow is sufficient becomes a very important investment basis. Source: responsible editor of Securities Daily: Yang bin_nf4368

According to statistics, 273 of the 441 stocks mentioned above have been rated as buy or increase by institutions in the past 30 days, accounting for 61.9%. Among them, Guizhou Maotai (37), Songcheng Performing Arts (28), Shanxi Fenjiu (26), Great Wall Motors (26), Ningde times (25), Ping An Bank (24), Juewei food (24), Lixun precision (23), boss appliances (23), Hualu Hengsheng (22), China Ping An (22), Wanhua chemical (21), oupai home furnishing (21) Shanghai Jiahua (21) and other 14 stocks have been jointly favored by more than 20 institutions recently.

According to the analysis of Zhongtai securities, the so-called growth sector is facing downward pressure in the context of slowing economic growth. From the perspective of investment, we can ignore cash flow in the high growth stage; when we turn to the low growth stage, whether the cash flow is sufficient becomes a very important investment basis.