First look at the third quarterly report, 22 performance forecasts, and over 80% of the "good news"

time:2022-09-29 06:22:09 source:clevelanddrifters.com author:Aviation stock
First look at the third quarterly report, 22 performance forecasts, and over 80% of the "good news"

Among the 22 companies in the Shanghai and Shenzhen stock exchanges that took the lead in disclosing their three-quarter earnings forecasts, 18 were "pre-happy" companies, with a ratio of 81.82%. From the perspective of the industry, among the companies with "pre-happy" three quarterly reports, the electronics industry is "outstanding". The analysis predicts that with the continuous development of the announcement of the third quarterly report of listed companies, some stocks with better performance will be sought after by funds. Over 80% of the 22 three-quarter report forecast samples were "pre-happy" on the evening of August 29, Yahua Group (002497) disclosed its performance forecast. The company expects to achieve a net profit of 3.46 billion yuan to 3.66 billion yuan in the first three quarters of 2022, a year-on-year increase of 447.53 yuan. %-479.16%. Regarding the reasons for the increase in performance, the company stated that during the reporting period, the demand for new energy markets was strong, and the price of lithium salt products remained at a high level. The company seized the market opportunity and increased the production and sales of lithium salt products, which greatly improved the operating profit. On the same day, Goertek (002241) also disclosed the first three quarter results forecast. Data show that the company expects to achieve a net profit of 3.83 billion yuan to 4.33 billion yuan from January to September, a year-on-year increase of 15%-30%. Compared with the same period of last year, it was mainly due to the expansion of intelligent hardware business represented by VR virtual reality, and the improvement of profitability; at the same time, the investment income obtained by the company from the disposal of the equity of the participating company was about 290 million yuan. In fact, as the disclosure of the semi-annual reports of listed companies draws to a close, there are also more companies that reveal the "transcripts" of the third quarterly reports. According to statistics from Flush iFinD, as of the press deadline on August 29, 22 companies in Shanghai and Shenzhen have disclosed their performance forecasts for the first three quarters of 2022. From the perspective of the type of forecast, there are 18 companies with "pre-happy" performance, accounting for 81.82%. Specifically, 9 companies have "pre-added", namely Yahua Group, Dongxin Peace (002017), Yanjinpuzi (002847), Zhenhua Scenery (688439), Diaowei (688381), Haiguang Information (688041) , Tianli Lithium Energy (301152), Bona Films (001330), Zuoli Pharmaceutical (300181). 9 companies "slightly increased", namely Goertek, Xuantai Pharmaceutical (688247), Enhua Pharmaceutical (002262), Yuanfei Pet (001222), United Chemical (301209), Conglin Technology (688370), Kun Technology (301132), Luxshare Precision (002475), Jinlu Electronics (301282). Among the other 4 companies, Mogao shares (600543) "pre-loss". According to the semi-annual report released by Mogao, in the first half of 2022, the company achieved revenue of 47.5555 million yuan, a year-on-year decrease of 24.64%. The net profit was -27.7537 million yuan, and the loss continued to expand. Regarding the decline in performance, Mogao said that the company's wine business and degradable materials business were affected by related factors, resulting in unstable raw material purchase prices, shrinking terminal demand, and a decline in the company's operating income. The company also said: "It is expected that the company's accumulated net profit from the beginning of the year to the end of the next reporting period may be a loss." The other three companies are all "slightly decreased." Among them, Yuanxiang New Materials (301300) is expected to have a net profit of between 48.2861 million and 60.6953 million yuan from January to September 2022, a year-on-year change of -21.57% to -1.42%; Hengshuo Co., Ltd. (688416) is expected to be in the top three The quarterly net profit is about 77 million yuan to 88 million yuan, a decrease of about 36.91%-27.90% compared with the same period in 2021; Guangli Technology (300480) expects a net profit of 56.0093 million yuan to 72.012 million yuan, a decrease of 30% to 10% . From an industry perspective, according to the first-level industries of Shenwan, the 16 companies with "pre-happy" third-quarter reports belong to electronics (6) and pharmaceutical biology (3). In addition, non-ferrous finance, communications, Food and beverage, light industry manufacturing, basic chemical industry, environmental protection, national defense and military industry, power equipment, and media also each have one. From this point of view, the electronics industry is currently "thriving." Brokerage analysts believe that although the companies that have announced their semi-annual report forecasts are only the "tip of the iceberg", they can still "see the leopard in the tube". Generally speaking, it is representative for multiple companies in the same industry to forecast performance growth at the same time, indicating that the overall growth of the industry is quite good. For the electronics industry, it took the lead in the forecast of the third quarterly report. The analysis believes that although the overall growth rate of the electronics industry has slowed down due to factors such as repeated local epidemics and global economic pressure, it has benefited from the support of smart cars, photovoltaics and other segments of downstream demand, including IGBT, semiconductor equipment and other segments. It will remain in a state of high prosperity. Galaxy Securities pointed out that in order to achieve the long-term goal of entering the forefront of innovative countries in 2035, the upgrading of my country's electronic information industry is an inevitable trend, and the added value of the industry will increase significantly. It is expected that by 2035, the revenue growth rate of electronic information manufacturing will reach 2020. The total profit is expected to increase by 606%, the profitability and profit quality of electronic enterprises will be greatly improved, and the electronic industry will still be in a period of rapid growth. In addition, Galaxy Securities also mentioned that automotive electronic information is expected to take over smartphones as a new driving force for the development of the electronics industry, and the automotive electronic information industry chain ushered in a golden period of development, becoming the biggest industrial trend in the electronics industry in the next decade. The electrification of vehicles has driven a significant increase in the value of single-vehicle power semiconductors, and the development of new energy vehicle charging piles will become another important driving force for the power semiconductor market. Judging from the disclosure of the semi-annual report, in the electronics industry, equipment companies have generally performed well and maintained a high-speed growth trend; design companies are differentiated, and companies with a large proportion of mobile phones, consumer electronics and other applications are under pressure; related companies in the power semiconductor field On the whole, it also maintained a good growth. In the eyes of industry insiders, with the accelerated implementation of consumption promotion policies, the suppressed consumer demand in the early stage will gradually be released, and consumer electronics are expected to improve. What is even more gratifying is that some companies continued to grow sequentially in the third quarter. Rudongxinpeace achieved operating income of 600 million yuan in the first half of 2022, a year-on-year increase of 13.31%; net profit of 29.1488 million yuan, a year-on-year increase of 25.01%; at the same time, the company expects a net profit of 57.16 million yuan to 62.876 million yuan from January to September, and Year-on-year growth of 100%-120%. According to this calculation, the company's third-quarter profit increased by 35.27%-62.87%. Regarding the reasons for the changes in performance, Eastcompeace said that the company's performance in the first three quarters of 2022 increased compared with the same period last year, mainly because the company increased investment in research and development, improved the market competitiveness of products and services, increased market expansion, optimized business structure, and strengthened costs. management and control, and the operating performance showed a trend of growth. Another example is Yanjin Shop’s revenue of 1.210 billion yuan in the first half of the year, a year-on-year increase of 13.7%; net profit attributable to the parent of 129 million yuan, a year-on-year increase of 165.0%; in addition, the company expects to achieve a profit of 200 million yuan to 215 million yuan in the first three quarters, a year-on-year increase An increase of 159.85%-177.96%. Among them, it is estimated that the profit in the third quarter is 72 million yuan to 86 million yuan, an increase of 151.15% to 199.99% year-on-year, and a month-on-month increase of 6.77% to 27.53%. The analysis predicts that after the semi-annual report, the market's attention will turn to the third quarterly report. Institutional sources pointed out that in general, the entire reporting period of the third quarterly report covers the summer and summer vacations, and is also the peak period of investment and consumption throughout the year, which can boost the performance of listed companies. In this context, it may be appropriate to lurk at the moment. However, when mining pre-increased varieties, we should not only focus on the pre-increase rate, but also the industry trend and growth continuity. Companies that have disclosed three-quarter earnings forecasts

(Responsible editor:Aerospace stock)