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The results of more than 2600 A-share companies were announced; the performance of science and technology innovation board with more than 70percent profit was outstanding

category:Finance
 The results of more than 2600 A-share companies were announced; the performance of science and technology innovation board with more than 70percent profit was outstanding


Among the 536 listed companies that are expected to lose performance in 2019, the largest loss margin is the old three well known to investors - * ST Salt Lake (000792. SZ), * ST Xinwei (600485. SH), LETV (300104. SZ). The above three companies are expected to have a net profit loss of 47.2 billion yuan, 16.7 billion yuan and 11.28 billion yuan respectively in 2019.

In addition, for the scientific and technological innovation board, which has been open for more than half a year, 47 of 79 enterprises have disclosed the 2019 performance forecast. 83% pre earnings ratio shows the high growth attribute of science and technology innovation board. From the perspective of the disclosed science and technology innovation board enterprises, the lower limit of 2019 annual performance growth of many science and technology innovation board enterprises is greater than the third quarter report performance growth.

According to wind data, up to now, except for one continuing loss and seven uncertain companies, the rest are expected to make profit in 2019, and there is no performance change. Among the 39 science and technology innovation board enterprises, Chuanyin holding (688036. SH) has a net profit of 1.67 billion yuan, ranking first temporarily. At present, Chuanyin holding is the only science and technology innovation board enterprise with a profit of more than 1 billion yuan.

The performance of Tebao Biology (688278. SH) is rising sharply. The company expects that the net profit attributable to the parent in 2019 will increase by 46 million yuan to 52 million yuan year on year, with a year-on-year increase of 287.45% to 324.94%. The upper limit of the increase is expected to be the highest in the sector.

The closely watched micro and medium-sized company (688012. SH) is also expected to double its performance. On January 18, the announcement of performance increase in advance was issued. It is estimated that the net profit attributable to the parent company in 2019 will be 176 million yuan to 192 million yuan, an increase of 85.1308 million yuan to 101 million yuan, a year-on-year increase of 93.68% to 111.29%.

At present, only Zejing Pharmaceutical (688266. SH) continues to lose money, and the company expects to make a net profit loss of 410-470 million yuan in 2019. Another seven science and Technology Innovation Board companies said their performance was uncertain for the time being.

In addition, in terms of the overall performance change range, 1051 listed companies in the two cities are expected to have a performance change range of more than 50% in 2019. Among them, 662 listed companies are expected to double their performance, and 25 are expected to grow by more than 10 times. Wanji Technology (300552. SZ) is the first in the two cities with a performance increase rate of 13850%; Danhua Technology (600844. SH) is expected to see a year-on-year decrease of 13324% in 2019, which is the largest stock in the two cities.

Wanji technology said that the company benefited from the states cancellation of relevant industrial policies of highway toll stations, and the shipment volume of etc related products increased significantly compared with the same period last year. By the end of 2019, ETC electronic label issuance has basically completed the task of deployment at the beginning of the year, and the companys performance will break out in 2019. The announcement also pointed out that influenced by changes in national policies and industry conditions in the future, the annual procurement scale of etc electronic labels is expected to decline in 2020, and the companys performance is at risk of falling back.

Danhua technology explained that the loss was mainly due to the fact that the production and sales volume of glycol and oxalic acid products in the reporting period were basically the same as that in the same period of last year. However, due to the continuous decline of domestic glycol sales price, the average sales price of glycol of the company fell about 33.7% compared with that of last year, resulting in the companys operating loss.

In Shenzhen, nearly 50% of the 544 listed companies whose performance forecasts have been disclosed by the small and medium-sized board have increased their net profits by more than 50% in the whole year, and the overall growth rate is expected to be as high as 39% to 393%. The growth rate of growth enterprise board companys performance in 2019 is expected to be 35% to 84%, which is also significantly improved compared with last year. Due to the huge loss of *ST Saline Lake, the performance of the main board has declined. After excluding *ST Saline Lake, the performance is expected to be basically the same as last year.

According to the disclosed performance forecasts of the two cities, the impairment of goodwill and assets is still one of the main reasons for the huge losses of many listed companies. However, the overall situation of goodwill impairment disclosed in the notice of growth enterprise market in 2019 did not show a large-scale explosion in 2018. Everbright Securities Research Report also pointed out that the growth enterprise market performance in 2019 is also greatly affected by the impairment of goodwill and other assets, but it is significantly weaker than that in 2018. In 2019, GEM listed companies accrued about 34 billion goodwill impairment, together with other assets impairment scale of about 48 billion, accounting for 70% of the net profit attributable to the parent company in advance. Compared with 2018, the impairment loss of receivables decreased significantly (bad debt loss in 2018 was 30.7 billion, and the forecast value in 2019 was about 7 billion), and the impairment loss of other assets also decreased to some extent. Source: First Financial Editor: Guo Chenqi, nbj9931

According to the disclosed performance forecasts of the two cities, the impairment of goodwill and assets is still one of the main reasons for the huge losses of many listed companies. However, the overall situation of goodwill impairment disclosed in the notice of growth enterprise market in 2019 did not show a large-scale explosion in 2018.

Everbright Securities Research Report also pointed out that the growth enterprise market performance in 2019 is also greatly affected by the impairment of goodwill and other assets, but it is significantly weaker than that in 2018. In 2019, GEM listed companies accrued about 34 billion goodwill impairment, together with other assets impairment scale of about 48 billion, accounting for 70% of the net profit attributable to the parent company in advance. Compared with 2018, the impairment loss of receivables decreased significantly (bad debt loss in 2018 was 30.7 billion, and the forecast value in 2019 was about 7 billion), and the impairment loss of other assets also decreased to some extent.