A-share "rush to issue" is expected to be a good report card: 7 companies' half-year net profit increased by more than 100%, and 1 company's profit increased sixfold

China Times

2024-06-21 20:38Published on the official account of Beijing China Times

A-share "rush to issue" is expected to be a good report card: 7 companies' half-year net profit increased by more than 100%, and 1 company's profit increased sixfold

The first half of 2024 is coming to an end, and a large number of companies are the first to disclose their semi-annual performance forecasts. Wind data shows that as of about 11 a.m. on June 21, 15 listed companies have disclosed relevant announcements, of which 7 companies are expected to increase their net profits by more than 100% in the first half of 2024, and the top three in terms of performance growth are Qixiang Tengda, Nuotai Biotechnology and Air China COSCO.

As for the reasons for the good results, most companies believe that on the one hand, the recovery of the industry has driven the development of their own business, and on the other hand, the company continues to enhance its core competitiveness. From the perspective of specific industries, according to the Wind industry classification, 5 of the listed companies with good performance belong to the goods capital industry.

Yuan Shuai, executive director of the high-quality development promotion project of specialized, special and new enterprises, said in an interview with the "China Times" reporter that investors can explore investment opportunities through the interim report, focusing on those companies with large performance growth, especially those companies with a year-on-year growth rate of net profit significantly higher than the industry average or market expectations. It can also gain insight into the specific reasons for the company's performance growth; Observe the company's performance over the past few years; Pay attention to the development trend and prospect of the industry in which the company is located.

14 companies reported good news "report card"

On June 20, Nuotai Biotech disclosed the voluntary disclosure announcement of the 2024 semi-annual performance forecast, and it is expected that the net profit attributable to the owners of the parent company in the first half of 2024 will be 1.8-250 million yuan, an increase of 138-208 million yuan compared with the same period last year, an increase of 330.08% to 497.34% year-on-year. Nuotai Biotech said that during the reporting period, thanks to the continuous increase in the volume of the company's self-selected products and the increase in the proportion of revenue, the company's semi-annual performance in 2024 achieved a large year-on-year growth.

Wind data shows that from 2021 to 2023, the operating income of Nuotai Biotech will be 644 million yuan, 651 million yuan and 1.034 billion yuan respectively, and the net profit attributable to the parent company will be 115 million yuan, 129 million yuan and 163 million yuan. Nuotai Biotech is a biopharmaceutical enterprise focusing on the combination of independent R&D and customized R&D and production of peptide drugs and small molecule chemical drugs. In various fields of advanced pharmaceutical intermediates, APIs and preparations, the company actively carries out product research and development and business expansion, deeply cultivates subdivided fields, and forms a two-wheel driven development pattern of independent selection of products and customized products.

On the same day, Otway, which is mainly engaged in the research and development, design, production and sales of high-end intelligent equipment, also released a medium-term forecast, which is expected to achieve operating income of 3.999-4.451 billion yuan in the first half of 2024, a year-on-year increase of 58.84% to 76.80%; It is estimated that the net profit attributable to the parent company will be 692-772 million yuan, a year-on-year increase of 32.53% to 47.82%. Previously, from 2021 to 2023, Otway's operating income was 2.047 billion yuan, 3.540 billion yuan and 6.302 billion yuan respectively, and the net profit attributable to the parent company was 371 million yuan, 713 million yuan and 1.256 billion yuan respectively, which is also continuing to grow.

Wind data shows that as of around 11 a.m. on June 21, 15 listed companies have disclosed their performance forecasts for the first half of 2024, of which 14 companies are expected to have good results.

7 companies are expected to increase their net profit by more than 100%

There are 7 listed companies that expect net profit growth of more than 100% in the first half of 2024, of which Qixiang Tengda has the highest expected increase. The Company focuses on the R&D, production and sales of the raw material C4 into high value-added fine chemical products. On June 11, it released a performance forecast, and it is expected that the net profit attributable to shareholders of listed companies in the first half of the year will be 1.3-150 million yuan, a year-on-year increase of 536.03%-633.88%.

For the reasons for the growth of performance, Qixiang Tengda boils down to: in the first half of this year, the company's raw material prices decreased slightly due to the impact of supply and demand, and the profitability of products improved; With the economic recovery and the gradual improvement of demand, product prices have begun to show signs of recovery, and the prices of some products have risen year-on-year. The company increased its overseas market expansion, and the regional business volume and transaction prices rose. After Shandong Energy Group became the controlling shareholder of the company, the company took advantage of the shareholder advantage to reduce financing costs, strengthen internal industrial synergy, and continue to improve operating efficiency.

There are also companies that have turned losses into profits, such as BIWIN Storage, which is expected to achieve operating income of 3.1-3.7 billion yuan in the first half of 2024, a year-on-year increase of 169.97% to 222.22%; It is estimated that the net profit attributable to the parent company will be 2.8-330 million yuan, a year-on-year increase of 194.44% to 211.31%. Prior to this, from January to June 2023 and in 2023, BIWIN's net profit attributable to the parent company was -297 million yuan and -624 million yuan respectively, both of which were in a loss-making state.

According to reports, BIWIN Storage is mainly engaged in the R&D and design, packaging and testing, production and sales of semiconductor memory, the main products are semiconductor memory, and the main services are advanced packaging and testing services. As for the reasons for the growth of performance, BIWIN Storage said that first, the industry has recovered, and the company's business has grown significantly; Second, the company continues to increase R&D investment in the fields of memory solution research and development, chip design, advanced packaging and testing and testing equipment, and continues to enhance its core competitiveness, with R&D expenses of about 210 million yuan in the first half of 2024, a year-on-year increase of more than 170%.

In addition, as the first forecast report of the Beijing Stock Exchange for the 2024 semi-annual report, Air China COSCO has delivered a good report card. It is expected that the net profit attributable to shareholders of listed companies in the first half of the year will be 60 million to 80 million yuan, a year-on-year increase of 263.27% to 384.36%. Air China COSCO said that the company's foreign trade freight rate is closely related to the BDI index, and the rise of BDI has brought a good increase and expectation to the foreign trade freight rate, and the company has actively deployed relevant operating routes, and invested more than 70% of its operating capacity in foreign trade routes with more advantageous freight rates, making the performance in the first half of 2024 significantly improved.

How to tap the opportunity to report?

From the perspective of specific industries, according to the Wind industry classification, 5 of the above 14 listed companies with good performance belong to the goods capital industry, in addition to the above-mentioned Otway, there are Junhe shares, Huicheng vacuum, Reddy's intelligent drive and Li'an technology.

As the first half of 2024 draws to a close, how to tap the investment opportunities in the forecast has also become a common concern for investors.

"Investors should carefully analyze the disclosed performance forecasts and pay attention to the trends in key indicators such as the company's revenue, profit, and gross margin. By comparing with historical data, you can judge the stability and growth of the company's performance. In addition, companies that beat expectations should be further explored as the main drivers of their performance growth. Secondly, investors should evaluate investment opportunities in combination with industry development trends and the company's positioning in the industry. For example, for industries that benefit from policy support or increased market demand, investors can focus on companies that have a competitive advantage within the industry. China University of Mining and Technology (Beijing) School of Management Master Enterprise Tutor Zhi Peiyuan said.

Zhi Peiyuan added: Investors should also pay attention to the company's financial health when exploring investment opportunities through earnings forecasts. Evaluate the company's solvency, cash flow position, and profitability by analyzing the company's balance sheet, cash flow statement, and income statement. In addition, investors should also pay attention to the company's capital structure and solvency, and avoid investing in companies with higher financial risks.

Yuan Shuai believes that the focus can be on those companies whose performance exceeds market expectations. These companies tend to be able to gain more market attention and recognition, which in turn drives up their stock prices. For those companies with long-term growth potential, a strategy of long-term investment can be adopted. By holding shares in these companies for a long time, they share in the company's growth benefits.

Editor-in-charge: Ma Xiaochao Editor-in-chief: Xia Shencha

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