The report predicts "ice and fire": the highest net profit of 12 companies has increased by more than 1000%, and some companies have a pre-loss of more than 3 billion

China Times

2024-07-10 16:03Published on the official account of Beijing China Times

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01 As of around 14 o'clock on July 10, nearly 1,000 listed companies in the A-share market have disclosed their 2024 interim forecasts, of which 327 companies have good results in the first half of the year.

02 Among them, 12 listed companies are expected to have a maximum net profit increase of more than 1000%, and Kaizhong Precision, Lubei Chemical and other companies are among the top gainers.

03 However, there are 191 companies with a pre-reduced or slightly reduced performance, 175 companies are expected to have their first loss in the first half of the year, 290 companies are expected to continue to lose money, and 145 listed companies are expected to lose more than 100 million yuan in the first half of the year.

04 Aiko shares are expected to lose 1.4-2 billion yuan in net profit attributable to the owners of the parent company in the first half of the year, and Gemdale Group is expected to lose 30-3.6 billion yuan in the first half of the year.

05Experts suggest that investors pay attention to the core financial indicators in the forecast when exploring investment opportunities, analyze the reasons behind performance changes, and identify beneficiary areas in combination with industry trends.

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With the end of the first half of 2024, a large number of listed companies took the lead in disclosing the first half of the interim report. Wind data shows that as of around 14 o'clock on July 10, nearly 1,000 listed companies in the A-share market have disclosed their 2024 interim forecasts, and more than 700 listed companies have issued relevant announcements on the evening of July 9 alone.

Judging from the current disclosure, the forecast performance of the interim report is "ice and fire". Among them, more than 300 companies are expected to achieve good results in the first half of the year, and more than 10 listed companies are expected to have a maximum increase in net profit of more than 1,000%. There are also a number of companies with a decrease in performance or a slight decrease, with a total of 191 companies. There are also 175 companies that expect their first loss in the first half of the year, 290 companies that expect to continue to lose money, and 145 listed companies that expect losses of more than 100 million yuan in the first half of the year.

More than 300 companies are expected to achieve good results

Wind data shows that as of around 14 o'clock on July 10, nearly 1,000 listed companies in the A-share market have disclosed their 2024 interim forecasts. Among them, 327 companies are expected to have good results in the first half of the year, including 42 companies are expected to increase their net profit slightly, 80 companies will turn around their losses, 3 companies will continue to make profits and 202 companies will increase their profits.

Among them, nearly 200 listed companies are expected to increase their net profit by more than 100%, 33 listed companies are expected to increase their net profit by more than 500%, and 12 listed companies are expected to increase their net profit by more than 1000%. Adisseo, Yongmaotai, Kaizhong Precision, China Rezihuan, Lubei Chemical and other companies were among the top gainers.

According to reports, Kaizhong Precision focuses on the custom development of various high-tech commutators, collector rings, connectors and other precision parts, which are widely used in automobiles, office supplies, power tools, household appliances, aerospace and other fields. On June 25, Kaizhong Precision disclosed the 2024 semi-annual performance forecast, and it is expected that the net profit attributable to shareholders of listed companies in the first half of this year will be 70 million to 90 million yuan, a year-on-year increase of 1068.44%-1402.28%, compared with 5.9909 million yuan in the same period last year.

Lubei Chemical expects to achieve a net profit attributable to the owners of the parent company of about 150 million yuan in the first half of 2024, an increase of 137 million yuan compared with the same period last year, an increase of about 1091% year-on-year. The main reasons for the expected increase in the company's 2024 semi-annual results include: the small base of comparison in the previous year; In the first half of 2024, the company will actively expand the market, grasp market opportunities, improve market research and judgment capabilities and the flexibility of sales strategies, and increase sales efforts; In the first half of 2024, the company's market has improved greatly year-on-year, and the selling price of some of the company's products has increased year-on-year.

80 companies expect to turn around in the first half of the year

Among the 80 companies that are expected to turn around their losses, 25 listed companies are expected to have a net profit of more than 100 million yuan in the first half of the year. On the evening of July 9, Cialis released the 2024 semi-annual results pre-profit announcement, which is expected to achieve operating income of 63.90 billion yuan to 66.00 billion yuan in the first half of 2024 and net profit attributable to shareholders of listed companies of 1.39 billion yuan to 1.70 billion yuan.

There are also companies such as Rainbow Co., Ltd., ST Tianbang, and BIWIN Storage, which are expected to achieve net profits of 8.5-950 million yuan, 8.2-880 million yuan, and 2.8-330 million yuan respectively, and Goodix Technology expects to achieve a net profit attributable to the owners of the parent company of about 317 million yuan in the first half of 2024.

As for the reasons why the above-mentioned companies expect their performance to rise in the first half of the year, most of them said that it is related to the company's business growth. For example, Rainbow Co., Ltd. said that during the reporting period, the LCD panel market maintained a dynamic balance between supply and demand, and the panel price was stable. BIWIN Storage said that in the first half of 2024, the company firmly grasped the upward opportunities in the industry, vigorously expanded first-line customers at home and abroad, achieved a breakthrough in market and business growth, and significantly increased product sales year-on-year.

For these listed companies that are expected to turn losses into profits and net profits of more than 100 million yuan, Zhan Junhao, a well-known strategic positioning expert, said in an interview with a reporter from the China Times that the above financial data shows that its operating conditions are experiencing a significant improvement, which may involve business structure adjustment, cost optimization or the formation of new business growth points. However, investors need to deeply analyze the sustainability of their profit model and whether there is an impact of one-time gains. In addition, it is necessary to examine the growth of the industry in which it is located to determine the profitability of the future.

According to Zhi Peiyuan, a master's student business tutor at the School of Management of China University of Mining and Technology (Beijing), investors should adopt a rigorous investment analysis process for listed companies that have announced a turnaround and a significant net profit. The company's business structure adjustment, market positioning optimization and technological innovation ability should be reviewed from the strategic level to judge its competitive advantage and future development potential in the industry. In addition, a comprehensive assessment of the company's capital structure, debt level and cash flow position is carried out to ensure that it has a strong financial foundation to support its continued growth.

20 companies have a pre-loss of more than 1 billion yuan

While the performance of more than 300 listed companies is promising, 191 companies are expected to reduce or slightly reduce their performance, 175 companies are expected to have their first loss in the first half of the year, 290 companies are expected to continue to lose, and another 2 are uncertain. It can be seen that judging from the interim report forecast disclosed so far, the performance of the A-share market is "ice and fire".

There are 145 listed companies that expect a loss of more than 100 million yuan in the first half of the year, and 20 listed companies that expect a loss of more than 1 billion yuan in the first half of the year. For example, Aiko shares are expected to have a net profit attributable to the owners of the parent company in the first half of the year of a loss of 1.4-2 billion yuan. Aiko said that during the reporting period, the competition in the photovoltaic market intensified, the price of photovoltaic products continued to fall, the profitability of the company's main business declined, and the provision for inventory price decline increased significantly.

Gemdale Group released its 2024 semi-annual performance forecast on the evening of July 9, and is expected to lose 3 billion to 3.6 billion yuan in the first half of the year. Gemdale Group said that the company's sales scale has declined in recent years, the carry-over area in the current period decreased compared with the same period last year, and the operating income decreased compared with the same period last year; The gross profit margin of some carry-over items in the current period decreased compared with the same period last year; The company dynamically adjusted its operation and sales strategy according to market conditions, and increased its efforts to reduce the net value of inventory of some projects below the cost, and the company made asset impairment provisions based on the principle of prudence.

With the increasing number of listed companies that voluntarily disclose the "report card" of the interim report, Zhan Junhao believes that the interim report forecast, as a preview of the semi-annual performance of listed companies, provides investors with an opportunity to gain insight into the operation status of the enterprise in advance. To explore investment opportunities, you should first pay attention to the core financial indicators in the forecast, such as net profit, operating income and growth rate, and pay special attention to companies that exceed market expectations. Secondly, analyze the reasons behind the changes in performance, such as cost control, market expansion, product innovation, etc., and evaluate their sustainability. Further, identify areas that benefit from the macroeconomic environment or policy guidance in light of industry trends.

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

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