The A-share market officially ended in the first half of the year. Taking stock of the performance of Zhejiang stocks (A shares) in the first half of the year, it is most appropriate to describe it as two days of ice and fire.
According to Flush iFinD statistics, in the first half of this year, the share price of 5 Zhejiang stocks more than doubled, and the most bullish Wanfeng Aowei rose by 176%; In addition, 3 Zhejiang stocks fell by more than 80%, and the most bearish ST contact fell by 86%. Among the 706 Zhejiang stocks, 613 saw their share prices fall, accounting for 86.8%; 92 stocks rose, accounting for 13%. In the first half of this year, the Shanghai Composite Index edged down 0.25%, the Shenzhen Component Index fell 7.1%, the ChiNext Index fell 10.99%, and the STAR 50 Index fell 16.42%.
| The Shanghai Composite Index stands on the momentum chart
Take the low-altitude economic outlet
Wanfeng Aowei soared 176% in half a year
Headquartered in Xinchang, Wanfeng Aowei's main business is the lightweight business of automotive metal parts with "aluminum alloy-magnesium alloy-high-strength steel" as the main line, as well as the professional general aircraft manufacturing business integrating independent research and development, design, manufacturing, sales and service. Since the beginning of this year, Wanfeng Aowei has taken advantage of the low-altitude economy, and the stock price has ushered in a continuous rise, especially in March, there has been a continuous limit, and the stock price has skyrocketed by 139% in one month. In the first half of this year, Wanfeng Aowei rose by 176%, with a maximum increase of 291%.
| Wanfeng Aowei stock price trend
The development of modern science and technology has undergone subversive changes today, and the current situation of ground congestion can be properly solved in the future through low-altitude economy and three-dimensional transportation. In December 2023, the Central Economic Work Conference for the first time regarded the low-altitude economy as a strategic emerging industry, and in March 2024, the State Council for the first time included the low-altitude economy in the government work report, upgrading its positioning to a new engine of China's economic growth.
Wanfeng Aowei's parent company, Wanfeng Auto Holding Group, has entered the field of low-altitude economy in 2014, has been ten years, in 2016, 2017 successively acquired Canadian Diamond Aircraft Company and Austrian Diamond Aircraft Company, and currently has production and R&D bases in 13 countries around the world such as the United States, Canada, Austria and 6 provinces and cities in China. At present, Wanfeng is increasing the research and development of new aircraft such as electric aircraft, eVTOL, and unmanned aerial vehicles, and building new manufacturing, new models, and new formats of low-altitude economy.
New stocks and high-dividend stocks are sought after
The performance of high growth, Jiayi shares, the share price doubled
Hongxin Technology, Ke'an Technology, and Belon Precision, which ranked second to fourth in the list of gainers, were all new stocks listed this year, with increases of 152%, 146%, and 110% respectively, mainly due to the sharp decline in the number of new shares issued this year, and the new shares were sought after after listing. However, the three new stocks all opened high and went low after listing, and the current stock prices have fallen significantly compared with the first day of listing.
Jiayi shares, which ranked fifth on the list of gainers, are a listed company in Wuyi County, with an increase of 109% in the first half of the year. The main business of Jiayi Co., Ltd. is the R&D, design, production and sales of beverages and food containers of various materials, and the main products include stainless steel vacuum insulation utensils (thermos cups, thermos flasks, stewing jars, thermos pots, smart cups, etc.), stainless steel utensils, plastic utensils, glassware and other new materials for daily drinks and food containers.
| Jiayi shares share price trend
In 2022 and 2023, the RMB will fall by 8.73% and 2.98% against the US dollar respectively, and it has fallen by 2.33% since the beginning of this year. The company's products are mainly exported, accounting for 95.07% of exports last year; Domestic sales were only about 87 million yuan, accounting for 4.93%. In 2022 and 2023, the company's performance will maintain high growth, with net profit growth of 231% and 74% respectively. In the first quarter of this year, the company's net profit increased by 102%.
In recent years, the concept of high dividends has also been particularly sought after by the market, and the dividends of Jiayi's share price are also very generous, with 10 distributions of 20 yuan in 2023, which is equivalent to a dividend of 2 yuan per share, and if calculated based on the stock price on the day before the announcement of the plan on March 30, the dividend yield is 2.85%; If calculated based on the stock price at the end of last year, the dividend income reached 4.4%, which significantly exceeded bank deposits.
Power stocks have continued to strengthen in the past two years, and their performance has been very good this year, with Haixing Power and Zheneng Power rising by 68% and 54% respectively in the first half of this year. The dividend plan of the two power stocks is also quite generous, of which Haixing Power will be 10 distributions of 11 yuan in 2023 and 10 distributions of 7 yuan in 2022, and the dividend yield will be 2.64% and 3.05% respectively according to the stock price on the day before the announcement date of the plan; In 2023, Zheneng Power will distribute 2.5 yuan for 10 distributions, and the dividend yield will be 4.04%.
| Zhejiang stocks are among the top 10 gainers in the first half of 2024
The ST sector fell the most
Eight of the top 10 decliners were ST stocks
The worst performance in Zhejiang stocks was the ST sector, with ST Contact, ST Aikang, and ST Yuancheng all falling by more than 80%, 86%, 83% and 82% respectively. Like ST Meisheng, which has been delisted, ST Liaison and ST iKang have both locked in the face value and delisted.
| ST Liaison Stock Price Action
ST Yuancheng's main business is engineering construction, landscape design, greening maintenance and information services. On June 24, the company received a warning letter from the Zhejiang Securities Regulatory Bureau, pointing out that the disclosure of relevant financial data in the company's 2022 annual report was inaccurate, and there were errors in many important contents such as the type of audit opinion and the occupation of non-operating funds by the actual controller in the 2023 annual report. Previously, the Shanghai Stock Exchange also issued a regulatory work letter to the company, such as the audit opinion of the company's 2023 annual report issued by an accounting firm, which is a qualified opinion, but the "Important Content Reminder" of the company's annual report shows that the audit opinion of the company's annual report is "an unqualified opinion with a paragraph of emphasis, a paragraph of material uncertainty about continuing operations, and an unqualified opinion that contains other information in the paragraph of other information that has not corrected material misstatement". In addition, ST Yuancheng also has the situation that the controlling shareholder's shares are frozen.
| Zhejiang stocks are among the top 10 decliners in the first half of 2024
Among the top 10 Zhejiang stocks on the list of decliners, the only two non-ST stocks are Anheng Information and Renzhi Shares, which fell by 64% and 61% respectively. ANHENG Information's main business is the research and development, production and sales of network information security products, and provides customers with professional network information security services. In recent years, as a leading enterprise in the industry, ANHENG Information has actively participated in the network security and digital security of various major activities, including the World Internet Conference, the International Import Expo, the G20 Hangzhou Summit, the Chengdu Universiade, the Hangzhou Asian Games, etc. The company's annual R&D investment is also very large. But at the same time, the company's performance is poor, with losses of 250 million and 360 million in 2022 and 2023 respectively, and another loss of 200 million in the first quarter of this year. This should be the main reason why the company's share price has been falling and falling.
The main business of Renzhi Co., Ltd. is oilfield environmental protection, downhole operation technical services, photovoltaic engineering, pipe inspection and maintenance services, production and sales of petrochemical products, as well as the research and development, production and sales of new materials. Since its listing in 2011, Renzhi shares have performed poorly in most years, and since 2020, only 2022 has made a profit of more than 10 million yuan, and the rest of the years have been losses, and in the first quarter of this year, it has lost more than 7 million yuan. In 2017, Renzhi was also punished by the China Securities Regulatory Commission for financial fraud.
Source | Tide News
Edit | Wang Shu