1006 annual reports released, more than 70% growth, 153 net profit increased by more than 100% year-on-year

1006 annual reports released, more than 70% growth, 153 net profit increased by more than 100% year-on-year

Our reporter Zhang Ying

It is currently at the peak of annual report performance disclosure. According to the statistics of Flush Flush, a reporter from Securities Daily found that as of April 12, 1,006 listed companies in Shanghai and Shenzhen have disclosed their annual report performance. Among them, the net profit attributable to shareholders of the parent company of 719 companies increased year-on-year, accounting for 71.5%. It is worth noting that there are 153 companies whose net profit increased by more than 100% year-on-year. The net profit of 9 companies including Wanji Technology, Hongchuang Holdings, China National Offshore Oil Services, Zhili Power, Kangli Elevator, Taisheng Wind Energy, Wosch, Muyuan and Fengshen shares all increased by more than 10 times year-on-year.

At present, the stronger performers in the market are performance growth stocks. Jufeng Investment Gu believes that with the disclosure of the 2019 annual report and the 2020 first quarter report, the performance of various companies has been released, and recently, performance is still the main theme of the market. The reporter found through statistics that the blue-chip stocks, which attracted the attention of all parties, showed three main points.

First, more than 60% of the doubled stocks outperformed the broader market. Reporter statistics found that the aforementioned 153 stocks have doubled in performance. This year's stock performance has been eye-catching, with 94 stocks outperforming the Shanghai Stock Exchange Index during the same period. Among them, the three stocks such as Jinjian Rice Industry, New Hope and Yangpu Medical ranked the top in the year, with 160.1%, 64.16% and 52.45% respectively.

Performance is the cornerstone of stock price growth. Analysts said that companies whose performance is better than market expectations are usually sought after by the market. Although generally speaking, the performance of listed companies tends to be more transparent, the fourth quarter is also a season where the performance of listed companies fluctuates significantly. Some companies have performance burdens that need to be dealt with, and some companies can receive various subsidies, etc., which is reflected in In the annual report, some companies' annual report may be better than expected. And the share price of such companies often has some room. Companies whose performance is roughly in line with expectations are unlikely to have large share price fluctuations.

Secondly, the top performers gathered in five industries. Statistics show that the above-mentioned 153 doubled stocks are mainly gathered in the five industries of computer, non-ferrous metals, non-banking finance, chemical industry and machinery and equipment. The number of individual stocks is 14, 13, 12, 11, and 10 respectively.

Regarding the performance of the 2019 annual report, China Merchants Securities Research said that the current A-share performance recovery has been carried out more fully, and the overall profit growth rate is difficult to achieve a significant improvement in the short term, but some mid- and downstream industries and emerging industries will have structural The profitability of the company has improved, thereby achieving a slow recovery of profitability.

Third, multi-channel funds chasing blue-chip stocks. Reporter statistics found that as of April 9, 71 of the 153 doubling stocks were bought by financiers, accounting for nearly 50%. It is particularly noteworthy that since this year, ZTE and Muyuan stocks and other two stocks have been net bought by northbound funds and increased their positions.

The brilliant performance will undoubtedly be favored by various funds. For the mining of the annual report performance, Nanjing Securities Investment Consultant Jiang Wenming said that from January 17th, the 2019 annual report of A-share listed companies will be disclosed one after another, but many companies with good performance growth have been fully marketed since the disclosure of the annual report performance forecast. Digging, so the more opportunities for the later annual report market are among those companies that are not expected by the market, and companies that have significantly revised their performance upwards are one of them.

How to tap potential blue-chip stocks? Li Jia, an investment advisor to Huarong Securities, suggested that you can find a path in the financial reports of listed companies in recent issues. For those stocks whose performance in the last two quarters to three quarters showed an increase in chain growth, the probability of performance exceeding expectations is quite high. In addition, individual stocks that hold more equity in other companies may obtain non-recurring income due to factors such as asset sales, corporate dividends, and government subsidies, thereby improving performance expectations. However, investors should note that in terms of investment value, those listed companies that rely on their main business to greatly improve their performance to achieve unexpected growth in their performance have clearer investment logic, and more companies that achieve unexpected performance with "cross-winding" are only short-term. Theme hype. (Securities Daily)