This week, 19 companies including yanjinpuzi (002847. SZ) and CITIC special steel (000708. SZ) plan to disclose their 2019 annual reports. 16 companies have disclosed the performance forecast in advance, including 8 companies in advance, 3 companies turning losses, 4 companies in advance and 1 company in advance.
Six companies, including turnaround companies, are expected to more than double their peak performance. Among them, three companies, Zhili power (300686. SZ), ha air conditioning (600202. SH) and Qifeng new material (002521. SZ), are expected to more than double the net profit attributable to the shareholders of the listed company, and three companies, Jinlong (000712. SZ), Yangpu medical (300030. SZ) and Yitong Century (300310. SZ), are expected to turn around the deficit.
Intellectual power is the company with the most impressive growth this week. According to the performance express, during the reporting period, the company achieved a total operating revenue of 1.743 billion yuan, a year-on-year increase of 167.7%; the net profit attributable to shareholders of the listed company was 129 million yuan, a year-on-year increase of 1795.27%. On the one hand, the low performance base of the previous year has led to a high growth multiple; on the other hand, the consolidation of newly acquired subsidiaries has also significantly increased the performance.
Smart power is a company that provides precision devices for consumer electronics products, benefiting from the advent of the 5g era. First of all, the revenue scale of the companys original functional parts business has a larger growth than that of the same period last year. At the same time, the new structural parts projects in the second half of 2018 began to release production capacity gradually in 2019, and the production and sales volume has been improved. Secondly, in January 2019, the company completed the acquisition and holding of Guangdong Art Technology Co., Ltd., which was included in the scope of consolidated statements, bringing a large increase to the structural parts business.
Ha air conditioner expects to achieve a net profit of 48 million to 52 million yuan attributable to shareholders of Listed Companies in 2019, an increase of about 130% to 150% year on year. During the reporting period, the gross profit rate of the companys products increased compared with the previous year, and the net profit increased by a large margin. At the beginning of the new year, Kazakhstan air conditioner received another supply contract of 107 million yuan, which will be delivered before December 31, 2020.
Qifeng new material, which is engaged in decorative base paper business, saw its revenue drop in 2019, and its net profit more than doubled. According to the performance express, the companys total operating revenue was 3.250 billion yuan, down 11.67% year-on-year; the net profit attributable to shareholders of the listed company was 1.33 yuan, up 127.43% year-on-year. The reason for the sharp increase of net profit margin is that the price of main raw materials of the company decreased and the profitability increased significantly during the reporting period.
This week, it is planned to disclose that among the companies with better performance in annual report, Yanjin shop is also the company with better performance. The snack company has also ended its two-year stagflation since its IPO, growing more than 80% in 2019. In the three years since the listing of Yanjin store, the operating revenue growth from 2017 to 2018 has been acceptable, with an increase of 10.38% and 46.81% respectively; however, the net profit attributable to shareholders of the listed company has declined by 23.25% and slightly increased by 7.27%. In 2019, the company finally experienced explosive growth, with revenue increased by 26.34% and net profit increased by 81.58%, exceeding market expectations.
Tianfeng Securities believes that the main reason for the great increase in the performance of Yanjin store lies in the smooth expansion of the channel end, and the end of the cultivation period of new product end categories began to be large-scale, especially the baking category, while the dried nut category is also steadily advancing. At the same time, the companys cost control is also strengthening.
So far, Yanjin shop has established the whole category product system of leisure food, and the three strategic new products of baking, dried fruits and spicy sticks have been launched. Tianfeng Securities believes that with the gradual release of new products, the performance of Yanjin stores has also begun to accelerate upward.
In addition, it is worth noting this week that ST Company * ST Qiulin (600891. SH) continues to lose performance in 2019, and the company faces the risk of suspension of listing. *St Qiulins performance forecast shows that in 2019, the companys net profit attributable to shareholders of listed companies is expected to lose 435 million yuan to 532 million yuan, with a loss of 4.131 billion yuan in the same period of last year. There are multiple reasons for the loss in advance, * ST Qiulin said that in the case of loan contract dispute between the company and Huaxia Bank Tianjin Branch, according to the first trial decision, the company will accrue an estimated liability of 306 million yuan; the companys gold plate business operation is stagnant; the companys investment in Jilin Longjing rural commercial bank will lose money in 2019. *St Qiulin said that it is expected that the companys audited net assets at the end of the period in 2019 may be negative or the financial report in 2019 may still be issued by the accounting firm with no opinion or negative opinion.
Source: editor in charge of interface news: Yang bin_nf4368