More than 200 listed companies disclose their 2021 performance reports
The performance exceeded expectations, and the proportion of individual stocks was eye-catching in high-tech energy and other industries
The 2021 performance reports and annual reports of A-share listed companies will be disclosed one after another. A reporter from the China Securities Journal on February 18 found that the proportion of individual stocks that exceeded expectations was high, and the number of companies in emerging industries such as new energy, electronics, semiconductors, and biomedicine was predestined.
More than expected stocks
In terms of performance forecast, Wind data shows that as of the evening of the 18th, a total of 2,556 A-share companies have disclosed their 2021 annual performance forecast, and a total of 1,482 companies are pre-happy, accounting for about 57.98%. Among them, 209 companies increased slightly, 289 companies turned losses, 30 companies continued to make profits, and 954 companies were pre-increased. Listed companies that have disclosed their 2021 annual performance forecasts have maintained good performance growth as a whole.
The performance of some companies exceeded previous institutional expectations. The reporter combed and found that Wind data showed that among the companies that disclosed the 2021 annual performance forecast, 1,129 companies had specific data on market consensus expectations given by institutions, of which 219 companies disclosed in the performance forecast. The lower limit of net profit exceeded the institutional expectations.
From the perspective of performance reports, Wind data shows that as of the evening of the 18th, a total of 207 companies have disclosed their 2021 annual performance reports. Among them, 192 companies achieved a year-on-year increase in operating income, accounting for 92.75%; 172 companies achieved a year-on-year increase in net profit attributable to shareholders of listed companies, accounting for 83.09%.
Among the companies that released 2021 annual performance reports, 52 companies have previously disclosed performance forecasts. The reporter combed and found that the net profit of these companies all exceeded the lower limit of the net profit of the previous performance forecast. In addition, the net profit data disclosed in the 2021 annual performance bulletin of 7 companies exceeded the upper limit of the 2021 annual performance forecast.
In terms of annual reports, Wind data shows that as of the evening of the 18th, a total of 12 companies have disclosed their 2021 annual reports, 8 companies have achieved a year-on-year increase in operating income, and 7 companies have achieved a year-on-year increase in net profit.
Blue-chip stocks receive capital attention
From an industry perspective, in 2021, cyclical sectors such as iron and steel, coal, nonferrous metals, and chemicals, as well as emerging industries such as new energy, electronics, semiconductors, and biomedicine, are expected to welcome a large number of listed companies. The continuous expansion of production capacity and the rise in sales volume and price of main products have become the main reasons for the substantial pre-increase in the performance of relevant listed companies.
Taking the new energy industry chain as an example, affected by the continuous increase in the penetration rate of the new energy vehicle market, the prosperity of the lithium battery and other related industry chains has rapidly improved, and the number of companies with substantial performance growth is relatively high.
According to the Northeast Securities Research Report, the median year-on-year growth rate of net profit of companies that have disclosed their 2021 annual performance forecast is 44.6%. Among them, in the cyclical sector, the median year-on-year growth rate of net profit of companies in the petroleum and petrochemical industry was 128.4%, that of non-ferrous metals was 104.5%, and that of basic chemicals was 101.3%. Among the growth companies, the median year-on-year growth rate of net profit of companies in the electronics industry was 65.5%. We are optimistic about the marginal improvement in performance of companies in industries with stable growth, such as infrastructure construction.
Yang Delong, executive general manager of Qianhai Open Source Fund, told reporters that in terms of clean energy, the focus is on new energy vehicles, wind power, photovoltaics, and hydrogen energy industries. As one of the industries with relatively stable performance growth, the consumer industry already has a certain valuation advantage.
Yang Delong emphasized that the current A-share market is in a stage of differentiation, and “performance is king” should be the main stock selection idea, and blue-chip stocks may receive heavy financial attention.