More than 200 stocks in the past 5 yearsPerformanceThe first loss, nearly 90% of the stocks outperformed the market since the release of the performance forecast.
Today's market has been struggling around 3,000 points, and individual stocks are showing a "up and down jump" market. The resumption found that since February, the market has been extremely strong. “Performance losses” and “reductions” are not a problem. Investors are almost “irrational”. The Shanghai and Shenzhen stock exchanges have only 32 stocks since February, with more than 30% of the stocks surpassing 50%.
229 shares in the past five years, the first performance loss
Data treasures found that, according to the 2018 annual report, express report and forecast limit, from 2014 to 2018,Net profitThe number of first-time loss-making stocks reached 229, and the number of loss-making stocks exceeded 68 million.Tianshen Entertainment is the “loss king” of the two cities. The net profit loss in 2018 reached 7.522 billion yuan.Far more than its latest total market capitalization of 5.2 billion yuan, but the company's total net profit for the first four years was only 2.16 billion yuan; the huge group lost 6 billion yuan; Huaye Capital, Liyuan Refined and Huaying Technology lost more than 3.5 billion yuan.
According to the industry, the above 229 shares are distributed in 26 Shenwan industries, and are densely distributed in 8 industries including media, electrical equipment and machinery. The total loss of net profit of 30 shares in the media industry was nearly 50 billion, with an average loss per share of 1.634 billion yuan; the net profit loss of 10 shares in the automobile industry totaled 16.268 billion yuan; in addition, the total net profit of machinery, electrical equipment, electronics and pharmaceutical bio-industry The losses are over 10 billion.
Goodwill impairment or success in the first five years
The above-mentioned 229 companies mainly focused on the disclosure of the annual report at the end of January this year. According to the requirements of the exchange, the full-year performance of the expected loss-making shares should be disclosed before January 31 of the following year, which is also the main cause of the listed company's performance at the end of January. the reason. Among the 229 stocks, 164 stocks fell more than 10% from January 28 to January 31, accounting for more than 70%.
Data treasure further combed and found thatThe main cause of the company’s performance in at least half of the above 229 shares is the impairment of goodwill.. Loss of Wang Tianshen Entertainment, the subsidiary company and the investment company's goodwill impairment amount of more than 5 billion yuan, the palm of interest technology goodwill impairment provision also exceeded 3 billion yuan, once the demon stock all education education goodwill impairment The amount of the provision is also around 650 million yuan, and the net profit loss in 2018 is 621 million yuan.
It is worth mentioning that the reason why the goodwill impairment will be concentrated in 2018, mainly because 2015 isMergerReorganizationIn the peak year, the commitment period for the gambling agreement is generally 3 to 4 years, and a large number of M&A commitments expire in 2018.
Since the first loss in the past five years, the results have been disclosed
Nearly 90% outperformedShanghai index
Although the performance was a loss, it did not hinder the stock price increase. Data treasure statistics show that since the performance forecast, as of the latest closing date, only the first flight energy saving and Letong shares fell, the remaining 226 shares (excludingSuspensionThe number of stocks that rose more than 20% in stocks*ST Baxter reached 172, accounting for 75.11%.The shares of Ankong Technology, Leading Puzzle, Dalian Electric Porcelain and Tianbang Co., Ltd. doubled.Ankong Technology disclosed its performance forecast on January 31. Although it fell below the limit on March 14, it benefited from the marginal calculation. The stock gained 8 daily limit from March 4 to March 13.
In comparison with the Shanghai index's rise and fall, 197 stocks outperformed the Shanghai index's gains over the same period. In terms of individual stocks, in addition to the above four stocks, Huaying Technology, Feile Audio, and Oriental Jinyu all outperformed the Shanghai Composite Index by 70% or more. Even the loss of Wang Tianshen Entertainment slightly outperformed the Shanghai Composite Index by 2 percentage points.
The strong performance of these 229 first-year losing stocks in the past five years is not a special case. According to statistics, the performance index has risen by 45% since February, and the highest increase during the period is 54.93% (February 1 to March 12). This is both technical and fundamental, and the logic of the past It doesn't fit.
It is worth mentioning that the worse the above-mentioned 229 stocks, the higher the stock price.Specifically, the loss of more than 2 billion shares, the performance of the Shanghai stock index has risen and fallen the average value of 17.4%, the loss of 1 billion to 2 billion shares relative to the Shanghai stock index averaged the largest, reaching 22.74%, while the loss of less than 300 million shares, relative The Shanghai stock index has the smallest average increase, only 12.4%. Even in today's plunge, there are still some daily limit stocks, such as Hekang Xinneng, Hemei Group and Yuxing.
8 shares received an "overweight +" rating
Although the above-mentioned company's 2018 annual performance is not good, but from the forecast of a quarterly report,Li Sichen, Lianchuang Internet and Chuling Information will increase their net profit in the first quarter of 2019And Li Sichen was awarded the “Overweight+” rating by the organization. In addition, Foton Motor, Changjiang Electronics Technology, Creative Information, Quanxin, Jinxinnong, Hanyu Pharmaceutical and Huibopu 7 shares also received an “overweight +” rating.
From the consistent forecast target price, Foton Motor unanimously predicted a target price of 2.96 yuan, compared with the latest closing, the upside is as high as 37.67%; Li Sichen and Changdian Technology are more than 11% away from the target price.
(Article source: Data treasure)