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More than 600 listed companies disclosed 2023 performance reports and public funds gathered to deploy blue chip stocks_Insurance_Financial Channel Home_Financial Network-CAIJING.COM.CN

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More than 600 listed companies disclosed 2023 performance reports and public funds gathered to deploy blue chip stocks_Insurance_Financial Channel Home_Financial Network-CAIJING.COM.CN

Author: Xie Bilu

Annual Report Season Sees Positive Performance from Over 600 Listed Companies

As the annual report disclosure season is in full swing, data from Wind shows that more than 600 listed companies have already disclosed their 2023 performance reports. Among these companies, 8 have reported operating income growth of over 100% in 2023, with 36 companies experiencing growth of over 50%.

Notable companies such as Zhongzi Technology, Tianyue Advanced, and Ellis have achieved significant operating income growth rates in 2023. Zhongzi Technology, for instance, reported a year-on-year increase of 245.14% in total operating income, turning losses into profits. Similarly, Tianyue Advanced saw a 199.90% increase in operating income, driven by the expanding market for silicon carbide semiconductors.

Public funds have taken notice of these strong performers, with many institutions increasing their holdings in companies with good performance. For example, Tianyi Shangjia, specializing in powder metallurgy brake pads, saw a year-on-year operating income increase of 124.51% in 2023. Major public funds like Bank of Communications Advanced Manufacturing Mixed and Xingquan Hetai Mixed acquired significant shares in Tianyi Shangjia.

CATL and Hikvision are among the top companies in terms of public equity institutions’ holdings. CATL predicts a substantial year-on-year increase in net profit for 2023, driven by the growth of the new energy industry and increased investment in R&D. Hikvision reported steady growth in 2023 and captured the attention of public funds with its performance.

Institutions are optimistic about the market outlook, with Huaan Securities highlighting key investment opportunities in the pan-TMT sector, infrastructure construction, high-dividend sectors, and sectors with export prosperity. Fund managers like Zhou Wenqun and Qi Ning are especially bullish on high-dividend varieties, innovative technologies, and growth sectors supported by policies.

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The A-share market is expected to experience a sustained rebound following early adjustments, with profit growth rates projected to rebound to high single-digit levels. Overall, the market outlook for 2023 looks promising as companies continue to showcase strong performance and public funds strategically deploy their investments.

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