Performance of Listed Companies in 2020! 118 expected to double net profit

category:Finance
 Performance of Listed Companies in 2020! 118 expected to double net profit


Among the pre happy listed companies, there were a slight increase of 53 companies, 71 companies turned losses, 12 companies continued to make profits and 112 companies increased in advance.

118 companies expect net profit growth of more than 100%. Ten listed companies, including Tianci materials, Daan gene, Haixin food, Xingwang Yuda and Haoxiang you, are expected to grow by more than 500%. Among them, Tianci material is expected to exceed 40 times of net profit growth, temporarily occupying the growth king of a shares.

Among the listed companies that have disclosed the annual performance forecast in 2020, some companies clearly pointed out that the performance in the reporting period exceeded the expectation. Taking Wansheng as an example, the company expects to achieve a year-on-year increase of 105% to 140% in net profit attributable to shareholders of Listed Companies in 2020, and a year-on-year increase of 315% to 365% after deducting non recurring profits and losses. The main reasons for the performance change are the growth of the companys operating income and gross profit rate of products, and the no need to make provision for impairment of goodwill in 2020.

Taking Luchang technology as an example, the company released the revised announcement of 2020 annual performance forecast in the evening of November 30. After revision, it is estimated that the annual net profit attributable to shareholders of listed companies is expected to be 70 million yuan to 105 million yuan, turning losses into profits on a year-on-year basis. Luchang technology pointed out that the main reason for the significant changes in this performance was that the company, with the approval of the general meeting of shareholders, cancelled the payable patent license fees of US $24.0277 million (equivalent to about RMB 158.06 million), which will increase the net profit attributable to the parent company by about 158.06 million yuan in 2020, which are all non recurring gains and losses. After the performance forecast was revised, Luchang technology opened the next day with a word board trading limit.

Industry differentiation is obvious

Many listed companies with increased performance mentioned in the performance forecast that the company actively took effective measures to deal with it, developed new application fields of products by means of technological innovation, explored domestic and foreign markets, consolidated and expanded product sales volume, and responded to the impact of the epidemic situation, and the influence of epidemic factors gradually weakened.

From the perspective of industry, pharmaceutical manufacturing, computer, communication and other electronic equipment manufacturing, food manufacturing related listed companies benefited from the influence of housing economic factors, and the annual performance in 2020 is more prominent. And these industry-related listed companies, under the support of performance, share prices have also increased significantly.

In the fourth quarter, the cyclical industries represented by chemical industry, steel industry, nonferrous metal industry, rare earth industry and coal industry benefited from the impact of multiple favorable factors, such as the rise of product price and the improvement of downstream demand prosperity. The performance was significantly improved, and the stock price also increased significantly. Coal fly color dance and elephant dance market staged in turn.

However, it should be pointed out that the rise of cyclical raw materials has different impacts on the industrial chain companies, and the upstream raw material end income is greater, in contrast, the downstream profit margin will be affected.

For iron and steel enterprises, iron ore, scrap steel, coke and electricity are the main cost components. At present, iron ore and coke two major raw materials are rising, but the price of finished steel products has not obviously followed up, which has a great impact on the profit margin of steel enterprises.

Soochow securities strategy team pointed out that at present, the driving factors of the profit period of each plate are quite different. Innovation is the main driving factor of science and technology sector, economic growth is the driving factor of cycle plate, and leverage ratio is the main driving factor of financial real estate. In the first three quarters of 2020, the profit growth rate of the whole cycle plate was - 8.61%. It is expected that in the fourth quarter of 2020 and the first quarter of 2021, the upstream industry will benefit from the rising price of raw materials, and the performance elasticity will be stronger. In addition, optional consumption is also worthy of attention. Since the third quarter, the sales of automobiles and home appliances continued to pick up. It is suggested that we should pay more attention to building materials, electrical equipment, mechanical equipment, automobiles and household appliances with periodic attributes. Yang Delong, chief economist of Qianhai open source fund, pointed out that at present, A-share listed companies have entered the disclosure period of annual report performance forecast, and companies and industries with good performance expectations can focus on. In recent years, the overall performance of cyclical stocks is better, mainly based on the performance recovery brought by economic recovery, and also related to fund speculation in undervalued sectors at the end of the year. Yang Delong stressed that the rise of cyclical stocks is more of make-up, so if the market lasts for a period of time, it may appear profit taking, which is difficult to hold for a long time like consumer stocks. Editor: Xu Xiaohong source: China Securities Journal Author: Dong Tian editor in charge: Zhong Qiming_ NF5619

Soochow securities strategy team pointed out that at present, the driving factors of the profit period of each plate are quite different. Innovation is the main driving factor of science and technology sector, economic growth is the driving factor of cycle plate, and leverage ratio is the main driving factor of financial real estate. In the first three quarters of 2020, the profit growth rate of the whole cycle plate was - 8.61%. It is expected that in the fourth quarter of 2020 and the first quarter of 2021, the upstream industry will benefit from the rising price of raw materials, and the performance elasticity will be stronger. In addition, optional consumption is also worthy of attention. Since the third quarter, the sales of automobiles and home appliances continued to pick up. It is suggested that we should pay more attention to building materials, electrical equipment, mechanical equipment, automobiles and household appliances with periodic attributes.

Yang Delong stressed that the rise of cyclical stocks is more of make-up, so if the market lasts for a period of time, it may appear profit taking, which is difficult to hold for a long time like consumer stocks.

Editor: Xu Xiaohong