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Original title: 80% of A shares earnings reflect economic toughness
Securities Times reporter Kang Yin
Today is the deadline for publicly traded companies to release the 2020 semi-annual report. From a data point of view, the overall impact of the new corona pneumonia epidemic on the performance of listed companies A shares is decreasing and the haze is accelerating to disappear.
As of press time, 3,972 listed companies have released the 2020 semi-annual report and more than 3,197 companies have achieved profitability, which represents almost 80%; around 1,763 companies have achieved revenue growth, representing almost 44%. Overall, publicly traded companies that have released the semi-annual report achieved total revenue of 23.52 trillion yuan, a year-on-year decrease of 2.65% (on a comparable basis, the same below); net earned profit of 1.85 trillion yuan, a year-on-year decrease of 17.78%. The performance of listed companies is still recovering under the impact of the epidemic.
The impact of the epidemic has diminished
As of August 30, 2020, a total of 3,972 companies in Shanghai and Shenzhen have submitted semi-annual reports. Among them, 1,807 companies with net profit attributable to their parent companies have increased year-on-year, which represents 45%.
From the perspective of the proportion of companies that increase profits in various industries, the agriculture, forestry, livestock and fishing, non-bank finance, banking, electrical and mechanical equipment industries represent a relatively high proportion; textiles, clothing, steel, and leisure services account for a relatively low proportion.
Under the impact of the epidemic, the industry differed significantly in the first half of the year. Wind data shows that from a revenue perspective, revenue growth from agriculture, forestry, livestock and fisheries, non-ferrous metals, banking, non-bank finance, food and beverage, electrical equipment, electronics and building materials in the first half of the year increased by more than 5%. Among them, income from agriculture, forestry, livestock and fisheries, which benefited from rising prices, increased by 23.27% in the first half of the year, ranking first among all industries in Shenwan. .
In the first half of the year, revenues from leisure services, textiles and clothing, mining and automobiles experienced a sharp drop, with a year-on-year drop of more than 15%. As most shopping malls and restaurants closed due to the epidemic to restrict the flow of people, income from leisure services fell 45.6% in the first half of the year.
From the profit point of view, the net profit of agriculture, forestry, livestock and fishing, electronics, electrical equipment, food and beverages, machinery and equipment, and pharmaceuticals and biology in the first half of the year increased by more than 8% year-on-year. In addition to benefitingAgricultural productsIn addition to the 183% increase in net income from agriculture, forestry, livestock and fisheries in the first half of the year, which increased prices, the pharmaceutical and biological industries also benefited from the epidemic.
In the first half of 2020, the new corona pneumonia epidemic triggered a sharp increase in demand for medical supplies such as masks, medical gloves, and ventilators, prompting an increase in the performance of related companies. Wind data shows that, as of August 30, the net profit of 42 pharmaceutical companies attributable to their parent companies has increased by more than 100% year-on-year.Intech MedicalIt ranks first with a net profit growth rate of 2,611.87%.
In terms of net profit, in the first half of the year, the net profit of the leisure services, mining, transport and textile and clothing industries fell more than 50% year-on-year, of which leisure services decreased by 123% . Inside the plate,Guilin Tourism、Dadonghai A、ZhangjiajieThe performance of other tourism companies has declined dramatically, among them, the net profit of 23 companies fell more than 100% in the first half of the year.
In terms of sectors, small and medium-sized boards of directors and science and technology innovation boards represent a relatively high proportion of profitable companies. At the time of publication, 165 companies listed on the Science and Technology Innovation Board achieved a total income of 112.807 billion yuan in the first half of the year, and a total net profit of 12.417 billion yuan. Among other sectors, the first half of the income growth rate of Shanghai and Shenzhen A shares was -2.65%, the net profit growth rate was -17.78%; the income growth rate of small and medium-sized enterprises was 0.43%, the net profit growth rate was 9.37%; GEM Revenue Growth Rate The growth rate was 0.07% and the net income growth rate was 14.45%.
Specifically for individual stocks on the Sci-Tech Innovation Board, the companies listed on the Sci-Tech Innovation Board with outstanding overall performance in the first half of the year are relatively divided.Oriental Bio、Priority technologyIn the first half of the year, the growth rate of net profit exceeded 1000%, and 19 companies had a growth rate above 100%, showing good growth. Additionally, there were 26 companies that lost money in the first half of the year and 55 companies that saw their revenues decline.
Although the impact of the epidemic is still there, as of August 30, the 2020 A-shares semi-annual report generally beat expectations, especially in the second quarter compared to the first quarter, and the performance of the leading stocks was outstanding. . Among the top 300 companies in the non-financial sector, the share of profits in the first half of the year went from 70% in the first half of 2019 to 80%.
White horse consumer stocks are worthy of attention
Under the epidemic, the stocks of white horses in the consumption cycle have contributed significantly to the performance growth of the major companies on the Shanghai Stock Exchange.
Kweichow moutaiIn the first half of the year, operating income was 43.953 billion yuan, an increase of 11.31% year-on-year; net profit was 22,602 million yuan, a year-on-year increase of 13.29%. Further,Shell cement、China railway、Bank of shanghai、Poly Real Estate、China Railway Construction、CITIC values、Sany Heavy IndustryOther high-profit players also continued to maintain a good growth rate in the first half of the year.
However, it should also be noted that there are also some White Horse stocks on the main board of the Shanghai Stock Exchange.Construction bench、Ping An from China、Communications Bank、Life insurance in China、China Shenhua、Chinese architectureWait.
In the first half of the year, banking sector earnings growth continued to decline and the performance of individual stocks intensified. Four main lines,Merchant Bank of ChinaNet income for Bank of Communications and Bank of Communications declined to varying degrees in the first half of the year. Among them, the net profit of the four main industrial and agricultural banks in the first half of the year fell between 10% and 11%. Affected by the higher provision of provisions, the growth rate of net profit attributable to the main banks has gone from positive to negative; on the contrary, the overall return on profits of the city’s commercial banks is better.Ningbo Bank、Hangzhou BankIn the first half of the year, the net profit growth rate exceeded 10%.
Among the major companies of the Shenzhen Stock Exchange board, ranks first in market valueWuliangyeThe performance is stable. From January to June this year, Wuliangye completed operating income of 30.768 billion yuan, a year-on-year increase of 13.32%; made a net profit of 10.855 billion yuan, a year-on-year increase of 16.28%.
The highest net profit on the Shenzhen main board isMidea GroupIn the first half of the year, operating income was 139.067 million yuan, a year-on-year decrease of 9.56%; net profit was 13.928 million yuan, a year-on-year decrease of 8.29%. Shuangxiong Midea Group,Gree ElectricIn contrast, Gree Electric’s net profit fell significantly, with a net profit of 6.362 billion yuan in the first half of the year, a year-on-year decrease of 53.73%.
Among listed small and medium-sized companies, the price of pork has skyrocketed.Muyuan sharesNet profit ranks first in the industry. In the first half of the year, the company achieved revenues of 21,033 million yuan, a year-on-year increase of 193.76%; a net profit obtained of 10,784 million yuan, a year-on-year increase of 7026.08%; the gross profit margin was as high as 62.4%, an increase of 58.31 percentage points over the same period last year.
Further,Wen Stock、SF Holdings、Rongsheng Petrochemical、Zhengbang Technology、Lens technologyOther small and medium start-ups also performed very well in the first half of the year.
In terms of net profit growth alone, there were more than 1,030 listed companies with a growth rate of more than 30% in the first half of the year, about 477 companies with a growth rate of more than 100%, about 80 companies with more than 500% and 40 companies with more than 1,000%. It can be seen that there are still a considerable number of listed companies that maintain rapid growth.
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