More than 2,200 companies achieved a year-on-year increase in net profit in the first half of the year

time:2022-09-29 12:11:26 source:clevelanddrifters.com author:Garbage
More than 2,200 companies achieved a year-on-year increase in net profit in the first half of the year

Wind data shows that as of 19:00 on August 30, 4,663 A-share companies have disclosed their 2022 semi-annual reports, of which 2,213 companies have achieved a year-on-year increase in net profit attributable to shareholders of listed companies, accounting for 47.46%. Over 60% of the company's net profit in the second quarter improved month-on-month. The overall performance of listed companies related to the industry chain such as new energy vehicles and photovoltaics has been outstanding. In terms of the net profit of 539 companies, the net profit attributable to shareholders of listed companies in the first half of 2022 exceeded 100 million yuan, accounting for 37.47% of the number of companies that have disclosed semi-annual reports; 337 companies exceeded 1 billion yuan, 76 more than 5 billion yuan, 41 more than 10 billion yuan. After excluding financial industry companies, PetroChina, CNOOC, China Mobile, Sinopec, China Shenhua and Kweichow Moutai had the largest net profit attributable to shareholders of listed companies in the first half of the year. It is worth noting that many listed companies with a net profit of over 10 billion yuan in the first half of the year experienced a large year-on-year increase in net profit. In the first half of the year, CNOOC achieved operating income of 202.355 billion yuan, a year-on-year increase of 84%; net profit attributable to shareholders of listed companies was 71.887 billion yuan, a year-on-year increase of 116%. In terms of net profit growth, the net profit attributable to shareholders of listed companies increased by more than 10% year-on-year for 1,805 companies in the first half of the year, more than 50% for 880 companies, and more than 100% for 539 companies. The net profit of Jiu'an Medical, Wisdom Medicine, Yunzhong Technology and other companies increased by more than 100 times year-on-year. Wind data shows that among the listed companies whose net profit has doubled, the number of listed companies in the electronics, basic chemical, power equipment, mechanical equipment, pharmaceutical and biological, and non-ferrous metal industries is relatively large. In the first half of 2022, Jiu'an Medical's operating income was about 23.267 billion yuan, a year-on-year increase of 3989.07%; the net profit attributable to shareholders of listed companies was about 15.244 billion yuan, a year-on-year increase of 27728.49%. The high prosperity of many industries is expected to continue in the first half of the year, and the overall performance of listed companies related to industrial chains such as new energy vehicles and photovoltaics has performed well. Many listed companies with doubled net profit belong to the lithium battery industry chain. From the perspective of the photovoltaic industry chain, from silicon materials, silicon wafers, cell modules, photovoltaic manufacturing equipment to system integration and application, listed companies in all links have benefited from the high prosperity of the industry. Industrial Securities believes that industries such as photovoltaics, new energy vehicles, UHV, medicine and medical care, and energy storage are highly prosperous, and the emerging industry chain presents the characteristics of "stronger and stronger". With the rapid development of my country's new energy vehicle industry, the performance of lithium battery industry chain companies is improving. In the upstream lithium mine, lithium salt, and midstream cathode materials, related listed companies have performed well. For the future development of the lithium battery industry, CITIC Securities predicts that the tight supply of lithium salts will be difficult to change in the second half of the year, and the probability of prices continuing to rise is high, and the high prosperity of the lithium battery industry is expected to continue. Chuancai Securities believes that the profitability of each link of the lithium battery industry chain will be differentiated in the second half of the year, and it is recommended to focus on batteries and other links. Domestic lithium battery companies have advantages in the global market with advanced lean manufacturing capabilities and excellent cost control capabilities. In addition, for domestic battery companies, the energy storage field will be a big market. In the first half of the year, upstream industries such as coal, petroleum, and non-ferrous metals performed more prominently, and the profitability of leading companies improved. The performance of listed companies in the biomedicine, electronics and other industries is significantly differentiated. Listed companies in infrastructure, real estate and other fields performed poorly. From the perspective of the electronics industry, the integrated circuit manufacturing enterprises represented by SMIC, the consumer electronic components and assembly enterprises represented by Luxshare and Goertek, the integrated circuit packaging and testing enterprises represented by Changdian Technology, and The performance of digital chip design companies represented by Zhaoyi Innovation is relatively bright. Over 60% of the company's net profit improved month-on-month, and 2,857 listed companies' net profit in the second quarter improved month-on-month, accounting for about 61.27%. Among the listed companies with the highest quarter-on-quarter net profit growth in the second quarter, many belong to real estate, construction, and building materials companies, including Poly Development, China Construction, China Railway Construction, Jidong Cement and other industry leaders. With the weakening of the impact of the epidemic in the second quarter, the operating rates of the real estate and construction industries have recovered, and performance has improved. In addition, the performance of listed companies in the agriculture, forestry, animal husbandry and fishery industry represented by Wen's Co., Ltd., Muyuan Co., Ltd., and Tianbang Foods improved significantly. Yang Delong, chief economist of Qianhai Open Source Fund, said that in the third quarter, he continued to be optimistic about industrial chains such as new energy vehicles, photovoltaics, wind power, and hydrogen energy. Fu Lichun, founding partner and chief economist of Yuntai Capital, said that "hard technology" high-tech enterprises are expected to maintain long-term growth. In addition, new energy, new materials, and biopharmaceutical enterprises have strong technical effects. Chen Li, chief economist of Chuancai Securities and director of the research institute, believes that overall, the implementation of consumption promotion policies has achieved good results, and consumption coupons have stimulated a high proportion of consumption, further tapping consumer demand and effectively driving the rapid recovery of the regional consumer market. . It is expected that the launch of consumer coupons will continue to increase in the future, and the consumer market is expected to show a steady recovery in the second half of the year. Up to now, 27 A-share companies have disclosed their performance forecasts for the third quarter of 2022, and 19 are pre-happy, with a pre-happy ratio of 70.37%. Among them, related companies in the fields of lithium salts, consumer electronics, and snack foods performed well. Yahua Group estimates that the net profit attributable to shareholders of listed companies in the first three quarters of 2022 will be 3.462 billion yuan to 3.662 billion yuan, a year-on-year increase of 447.53% to 479.16%. Among them, the net profit attributable to shareholders of listed companies in the third quarter was 1.2 billion to 1.4 billion yuan, a year-on-year increase of 297.05% to 363.22%. During the reporting period, the new energy market demand was strong, and the price of lithium salt products remained at a relatively high level. The company seized the market opportunity and increased the production and sales of lithium salt products, which greatly increased the operating profit. Yahua Group said that the global penetration rate of new energy vehicles continues to increase, the production and sales of lithium salt products are booming, the price continues to rise, and the lithium industry has entered a stage of rapid development. The demand for lithium salt products from downstream enterprises continues to increase, while the short-term increase in upstream lithium resources is limited. In the second half of the year, lithium resources are generally still in a tight state, and lithium salt prices are expected to remain high.

(Responsible editor:Individual stock recommendation)

Related content