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On the eve of the National Day holiday, the Shanghai Stock Exchange and the Shenzhen Stock Exchange website have announced the timetable for the disclosure of the A-shares in the third quarterly report in 2017. On Tuesday, Fangda Chemical officially “played” the three-quarterly “overture” on the Tuesday of the third quarter. The official arrival of the market, many of the views that the hot spot is expected to return to the three quarterly pre-increases plate, the three quarterly newspaper detonated "silver ten market" is likely.
Top-notch stocks disclosure more positive
The “opening” work of the third quarterly report in 2017 was handed over to Fangda Chemical Co., Ltd., the main board of Shenzhen City. Following this, on October 11th, Bohui Paper and Qibin Group of Shanghai and Shenzhen companies also appeared one after another and became Shanghai Stock Exchange. The company that first announced the three quarterly results. The "starting lineup" of SMEs sent Guoen shares. The disclosure time of the three quarterly reports was October 12, and the GEM was relatively late. On this Friday, Qianshan Pharmaceutical Machinery and investors officially met (Table 1). From the timetable, as of this Saturday, the three quarterly reports of 24 companies in Shanghai and Shenzhen have been disclosed first.
Unlike the interim report (reporting period of nearly 2 months) and the annual report (disclosure period of nearly 4 months), the three-quarter report is similar to the one-quarter report, and the disclosure time is less than one month. The 2017 three-quarter report is required to be within 10 months as required. Completion of preparation. However, the disclosure in the A-share market's financial report has consistently followed the habit of loosening and tightening. It is expected that only 195 companies will complete the disclosure of the three quarterly reports earlier before October 20th. The other 3,185 companies are expected to announce in late October. Three quarterly results, and only the last two disclosure days on October 30 and 31, it is expected that there will be as many as 905 companies, accounting for 26.78% of all pre-disclosed companies.
In addition to loosening and tightening, A-share company financial disclosure has another conventionally established practice: "The prostitute marries first," just as candidates with excellent academic performance tend to take the lead in completing the test and make an earlier report. Companies with good fundamentals often prefer to advance. The disclosure of financial statements is completed, and if the performance is poor, the disclosure period of the financial statements will also be relatively backward. As of Thursday, there have been six companies reporting the completion of the third quarter results. From the company's major financial indicators, total operating income and net profits have all achieved year-on-year growth.
As the "starter" company of Shanghai and Shenzhen, Fangda Chemical reported that its total operating revenue rose by 31.22% year-on-year in the third quarter of this year, and its net profit increased by 187.82% year-on-year. The reason for the increase was that the market price of chemical products in the report period was in a good trend. The sales price of the company’s products increased by a large margin compared with the same period of last year. The profit growth of the company's main business was significant. On the other hand, the improvement in company management also contributed to the increase in profits. In addition, the current growth rate is even more rampant Bohui Paper, benefiting from the impact of national environmental protection improvement and supply-side reforms, the company’s main product sales prices have increased compared to the same period last year, the third quarter reported net profit year-on-year Surging 469.6%. At present, six companies that have reported three quarterly results have reported that the growth of their performance was mainly due to endogenous growth. The statistical analysis of the company's third quarterly report shows that non-net profit growth is faster than the year-on-year growth of net profit. At present, only Sanmao Shen has received the “Notice of Tax Affairs” from the Local Taxation Bureau of Xigu District of Lanzhou City during the reporting period. The company has obtained a land appreciation tax of RMB 58.59 million from the transfer of land use rights. The company's profits have been whitewashed. Although the growth rate of non-net profit of China’s huge rock is slightly lower than that of net profit, the difference is slight. During the reporting period, the company also achieved growth in its performance mainly through its own operations.
Concerned about the endogenous growth company that will announce the third quarterly report
Judging from historical experience, the three quarterly reports are in an important position in the four-year financial reports. If the performance of the three quarterly reports of listed companies is good, then it is basically a high probability event that the company's annual performance will maintain growth. In addition to the companies that have completed the disclosure of the three quarterly reports this week, the remaining 171 companies that are expected to announce the third quarterly report before October 20th, although the official third quarter report and investors need to wait until next week, 114 of them have announced in advance. Three quarterly earnings forecast, the first three quarters of this year's net profit can be found out from the bottom.
In terms of the type of advance notice, 97 companies had pre-increase, slight increase, renewal of profit, loss of profit and other different ways of net profit pre-gradation, accounting for 85.09%. In addition, there are also 16 companies with pre-reduction, slight reduction, renewal of losses, the first loss and other different ways of net profit pre-worry, at the same time, Jingu shares notice shows that the company's profit and loss in the third quarter report is still uncertain. However, the absolute proportion of pre-hi companies still shows that the A-share market generally follows the rules of “disclosure of good news in advance and delay of disclosure of bad news”.
Among the companies that will release the next quarterly report next week, the performance forecast shows that among them, 70 have already increased their net profits by more than 30% year-on-year; 54 companies expect their net profits to increase by more than 50% year-on-year; 34 companies are expected to report third-quarter net profit Double the growth. It is expected that the expected growth of Tianshan's net profit of the three quarterly reports on October 17th is most worth looking forward to, as sales volume in 2017 all increased compared to the same period of last year, and net profit in the first three quarters of the year increased by 6183.52% year-on-year. The same company with a pre-increase in performance of more than 10 times also includes Chengzhi, Jinfu Technology, Xuefeng Technology, Jizhong, and Three Gorges New Materials. However, from the perspective of growth, not all of them benefit from the growth of their main business. Tianshan shares, Xuefeng technology benefited from macroeconomic impact, product production and sales increase sales gross profit growth over the same period, the company strengthened financial management, and the third quarter is the company's operating season, the company's performance is expected to grow rapidly. In contrast, although Cheng Zhi shares, Jinfu Technology, Suizhong shares, and Three Gorges New Materials are all expected to have substantial growth in net profit during the reporting period, the reasons for growth cannot be separated from the acquisition of Nanjing Chengzhi Clean Energy Co., Ltd. Disposal of land and housing of Dongguan Jinfu Diqi Electronics Co., Ltd., a subsidiary, resulting in asset disposal gains. The company’s expropriation compensation issues were completed in the third quarter; and Shenzhen Hengbo Commercial Chain Co., Ltd. was incorporated into the Three Gorges New Materials. Reports and other non-operating income. In contrast, investors are advised to pay more attention to companies whose business performance continues to be good (Table 2).
Two main lines into the mainstream view of the market
With the gradual disclosure of the three quarterly reports, more attention should be paid to those stocks that have grown but whose share prices have not yet soared. This is especially true for companies with better or better third quarter results. On the investment theme, most of the market's views are bullish on the two main lines. Firstly, the industry chain of Internet of Things and artificial intelligence will be superimposed on the direction of new energy vehicles. Second, the future A-share market is expected to create a number of new technology giants, especially artificial intelligence based on 5G construction, Internet of Things, and There are opportunities for the application of various new scenarios such as driving.
Judging from the performance forecast, the new energy auto sector has announced 26 three-quarter earnings forecasts in advance. The timetable shows that Zotye, which is expected to formally announce the third quarterly report on October 27, is currently the new energy auto unit at 1016%. Among the companies with the highest pre-increase rate, the main reason is that the company has completed a major asset restructuring and purchased 100% equity of Yongkang Zhongtai Automobile Co., Ltd. through the issuance of shares to purchase assets, resulting in a substantial increase in the company's net profit. In contrast, Hongte Precision's performance growth, which is expected to be announced on October 27th, is even more stable. From January to September 2017, the main business income of the parent company and its wholly-owned subsidiary in Taishan has increased steadily. With the further release of production capacity, production efficiency has been improved, and emergency delivery due to shortage of production capacity has been effectively alleviated, resulting in lower cost costs such as sales expenses and management expenses, and the company's overall profitability has been enhanced. At the same time, in the first three quarters of this year, the company’s newly established three wholly-owned subsidiaries in Dongguan have begun operations. If major changes in the Internet financial market environment do not occur, the three wholly-owned subsidiaries in Dongguan will have rapid growth in their business operations, leading to operating results. The sharp increase. Performance forecast shows that the net profit of the company's three quarterly reports increased by approximately 383.46% to 412.99% from the previous year. At present, of the 26 quarterly announcements of new energy vehicles, a total of 16 performances are pre-recent year-on-year (Table 3).
At present, the hottest 5G stocks in the market, as of Thursday there are also 19 ahead of the announcement of the three quarterly earnings forecast, including nine pre-hicast results in the first three quarters (Table 4). The growth of Rihai Communications is expected to be the strongest. The expected net profit of RMB 63-65 million is approximately 397.19%-444.55% higher than that of the same period of last year. The company's performance is expected to increase substantially due to the expected large-scale telecommunications operations in the second half of the year. China Merchants (China Mobile, China Telecom, China Unicom) and China Tower will continue to maintain a high degree of investment in the communications network infrastructure, and the company’s market demand for product sales and communications engineering services will remain relatively strong.
(This article deals with stocks. Only examples are given and no recommendation is made for buying)
Nuggets third quarter report >>>
With the official opening of the three quarterly earnings reports of listed companies in Shanghai and Shenzhen, the search for investment opportunities around the three quarterly reports has become the focus of investors. The "Securities Daily" Market Research Center found that, as of yesterday, a total of 1342 companies in the Shanghai and Shenzhen markets disclosed 2017 third-quarter earnings forecast, there are 1021 companies pre-joy, accounting for 76.08%. Among them, the performance of the three quarterly reports of 234 companies is expected to double. Today, this article analyzes the above-mentioned 234 Baima stocks in terms of industry attributes, market capitalization, and institutional rating, in order to gain readers.
Five major performance stocks such as steel get together
"Securities Daily" Market Research Center based on statistical data found that as of yesterday, a total of 1342 companies in Shanghai and Shenzhen, the company announced the third quarter of 2017 performance forecast, there are 1021 companies pre-joy, accounting for 76.08%. Among them, the performance of the three quarterly reports of 234 companies is expected to double.
In terms of industry attributes, the performance of 234 third-quarter reports is expected to double. The company is mainly concentrated in five major industries, including steel, non-ferrous metals, electronics, building materials, and mining (Shenwan level). The industry's three quarterly earnings report is expected to double the number of companies in the industry. The three-quarter earnings report disclosed that the total number of companies was among the highest, with 46.67%, 37.78%, 26.17%, 25.00%, and 25.00%, respectively. Performance is expected to double. The number of companies reached 7, 17, 28, 10, and 6 respectively. Family. It is not difficult to find that the cyclical industries such as steel, non-ferrous metal, and mining are expected to double their performance in the third quarter and the company is expected to double.
The steel industry is more typical. As of now, there are 15 steel companies that disclose the performance forecast for the three quarterly earnings report. The company's performance is expected to reach 14 companies, and the performance in the third quarter is expected to double its number to 7 companies, accounting for nearly 50%. Specifically, Lingang Steel Co., Ltd. expects its third-quarter results in 2017 to be the highest year-on-year growth, reaching 7121.00%, followed by Anyang Steel. It is expected that the three quarterly results in 2017 will increase by 612.25% year-on-year, and that of New Steel (443.57%) and three. Steel Diguang (378.00%), Fangda Special Steel (260.00%), Shagang (204.36%) and Benxi Iron & Steel (132.16%) expect the company's net profit attributable to the parent company to increase by more than 100% year-on-year in the third quarter of 2017.
In terms of investment strategy, Tianfeng Securities stated that the performance of the steel sector continued to improve in the third quarter, and the current correction in the sector was mainly affected by sentiment and other factors. The fundamentals of the industry continued to improve, and it was a good opportunity during the correction. Recommended targets: Nangang Steel, Angang Steel, Baosteel, etc.
69 blue chip stocks are sought after by funds
"Securities Daily" Market Research Center based on statistical data found that in 234 stocks in the third quarter reportedly expected to achieve double the number of stocks, 155 stocks since October, stock prices have risen, accounting for nearly Qi Cheng. In addition to the outstanding performance of the new shares listed in September under the new shares, Keheng shares (24.31%), gold kitchen cabinets (13.53%), Gansu Power Investment (12.79%), Zhujiang Holdings (12.29%), Xiamen International Trade (11.99) Seven third-quarter results, such as %), Dongyi Risheng (10.64%) and Livzon Group (10.32%), are expected to double. The cumulative increase since October is also above 10%.
In terms of capital flow, since October, a total of 69 stocks have achieved a net inflow of large single funds during the period in which a total of 69 stocks have accumulated net large inflows of more than 10 million yuan each, and BOE A (412.7787 million yuan). ), Xiamen International Trade (22,264,870 yuan), Taihua New Materials (16,592,130 yuan), Shanghai Electric Power (118,124,900 yuan), Gansu Electric Power (667,497,700 yuan), Zhujiang Holdings (609,970,600 yuan) and Ruikang Pharmaceutical (5802.71) Ten thousand yuan) and other stocks are most favored by the market's main funds, and net inflows of accumulated large single funds have exceeded 50 million yuan during the period.
As the stocks of the top-ranked net inflows of the above-mentioned merit shares in the month, BOE has accumulated 7.50% since the A10 month. The company expects the largest increase in net profit for the first three quarters of this year to be 4520.74%. Tianfeng Securities expects the company's net profit for 2017 to 2019 to be 8.21 billion yuan, 11.74 billion yuan and 15.28 billion yuan, respectively, corresponding to earnings per share of 0.24 yuan, 0.34 yuan and 0.44 yuan. At present, the market is gradually recognizing the growth of the company's OLED business. Therefore, the company’s target price is raised to 5.28 yuan and the “buy” rating is maintained.
83 White Horse stocks are favored by the agency
According to statistical data, the "Securities Daily" Market Research Center found that of the 234 blue-chip stocks that are expected to double in the third quarter, 83 stocks have been given "buy" or "overweight" by the stocks in the last 30 days.
Specifically, Keheng shares (14), Sun Paper (11), Luxi Chemical (9), BOE A (7), Sunshine Power (7), Daqin Railway (6), and 5 Eight companies, such as mining capital (5 companies) and Fangda Special Steel (5 companies), have recently received a collective view of 5 or more institutions. In addition, stocks that are favored by 3 or more institutions include: I miss you, Jingsheng Mechatronics, Hengyi Petrochemical, Dongyi Risheng, Livzon Group, Midea Health, Antarctic E-Commerce, Cross-Border Link, Yongying Network, Guoen Shares, Waihai, Lingnan Garden, Kaiyuan Shares , Linggang, Xingang Steel, Dongshan Precision, Anyang Iron and Steel, etc.
Judging from the highest target price offered by the agency, stocks such as 2345, Shengtong, Beibu Gulf Brigade, Dongshan Precision, Minmetals Capital, Ophelia, Daqin Railway, Lingnan Garden, Hailian Jinhui, Shaanxi Black Cat and other stocks closed the most recently. The price is still more than 40% higher than the highest target price given by the agency within the past 30 days.
Among them, Keheng shares recently received a total of 14 institutions to give "buy" or "overweight" and other bullish ratings, the latest closing price of 80.29 yuan, the company expects the third quarter of this year reported the largest net profit growth of 2553.81%, is expected to achieve net Profit from RMB 135 million to RMB 155 million. For the stock, Essence Securities expects the company's net profit from 2017 to 2019 to be 207 million yuan, 293 million yuan and 362 million yuan respectively. The company's market continues to enjoy a high degree of prosperity, with obvious advantages in terms of layout and outstanding growth; giving “Buy-A” "Investment rating, 6-month target price is 100 yuan. (Source: Securities Daily)
According to statistics, as of October 10, there were 856 companies with a clear pre-increase in the Shanghai and Shenzhen stock markets. This figure is nearly 4 times that of the company's pre-decrease. Among the pre-increased listed companies, the electronics industry is the most concentrated area for the winners of the three quarterly reports. "Daily Economic News" reporter noted that the first batch of companies that disclosed the three quarterly reports had most of their recent share price upside movements. Many agencies believe that compared with previous years, performance and valuation will be the key to grasping the market for the third quarter of this year.
Three quarterly advance pre-increase company more than 60%
Although the three quarterly reports and the one-quarter report do not need to be audited by accounting firms, the market has historically paid much more attention to the three quarterly reports than one quarterly report. Zhu Bin, chief strategist at Southwest Securities, told the Daily Economic News reporter that, in general, the performance in the third quarter has a strong guiding significance for the annual performance.
The three quarterly reports of all the listed companies in Shanghai and Shenzhen will be fully disclosed on October 31. From the distribution of the disclosure time of the three quarterly reports, it is obvious that there are many features after the first few days. According to statistics, the three quarterly reports of super-listed companies in the two cities will be disclosed in the last week of October from October 23, especially in the two days from October 30 to 31. Released three quarterly reports. Only 290 companies formally announced the three quarterly reports before Oct. 23, which is less than 10% of all A-share listed companies. Among them, 23 companies reported the three quarterly reports this week.
On the eve of the opening of the third quarterly report, many listed companies in the two cities have disclosed the forecast results of the three quarterly reports. According to statistics, as of October 10, 1340 companies in the two cities issued three quarterly advance notices. There were 856 pre-incremented companies, accounting for 63.9% of the total, of which 83 were forecasted to turn losses; There are 220 companies, of which 42 are the first to lose.
According to statistics, as of October 10, there were 222 companies reporting a pre-increase of more than 100% in the three quarterly results of this year, accounting for a quarter of the total number of pre-incremented companies. Among them, the company's three-quarters earnings growth rate compared to the Zhongpai Group's substantial increase and is not affected by non-recurring gains and losses of the company Tianshan Stock, Hongte Precision, Sunflower Pharmaceutical, Handan Songshan, Dongshan Precision, Precision Electronics, Kelu Electronics, King Xing Paper, Sansteel Dawning, Zhongtai Auto, Yongying Network, Zhiyun Shares, Palm Shares, Zhonghe Technology, Suning Yunshang, Zhujiang Holdings, Ningbo Dongli, Mengshi Technology, Beixun Group, Bus Online, Easy Shangshang Exhibition, Kangtai Biotechnology, Xinlun Technology, Sunshine Power, Lion Technology, Sunsea Communications, Kaiyuan Shares, Chengzhi Shares, Gansu Electric Investment, etc.
According to statistics, the three major industries of chemical engineering, machinery, and electronics have become the most concentrated industries in the three quarterly report winners. As of October 10, Electronics was the industry with the largest number of pre-increase companies in the three quarterly reports, with 95 pre-incremental companies in the industry, accounting for more than 10% of the total number of pre-incremented companies, and advances in the machinery and chemical industries. The number of companies reached 83 and 73 respectively. In other industries where there are a large number of pre-increment companies, there are electrical equipment and medicine. The number of pre-increase companies has reached 59 and 48 respectively. Shen Wan pointed out on October 10 that during the third quarterly quarterly disclosure period, attention could be paid to the industries in which the three quarterly profit growth rate may increase compared to the second quarter, mainly including the PV, semiconductor, cement, liquor, and new energy automotive industry chains and benefiting the third quarter oil prices. Rising chemical sector.
"Performance is king" or market key
"Daily Economic News" reporter noted that the first batch of companies that disclosed the three quarterly reports had the most recent upside price action, among which China's Boshi, Qibin Group, San Maoshen, Qianshan Pharmaceutical Machinery, and the three seasons reported better performance. The recent uptrend of Beixin Building Materials and other stocks is evident.
According to the statistics and the combing of the reporters, the correlation between the three quarterly newspaper quotes in October and the performance of the three quarterly reports of listed companies in recent years is not high. Excluding the new shares listed in September-October 2016, of the top 100 companies in the two cities, 34 third-quarter results reported negative growth year-on-year; of the top 100 companies in the two cities in October 2015, there were 46. The third-quarter results reported a negative year-on-year growth. Excluding the new shares listed on the market from September to October 2014, of the top 100 companies in the two cities, 43 third-quarter results reported negative growth year-on-year.
This year, the correlation between stock performance and performance of individual stocks has improved compared with previous years. Excluding new stocks, most of the top 100 companies in the first three quarters of this year were high-performance white horses and performance-reversing cycle stocks, and there were only 11 companies with negative year-on-year growth in semi-annual report results this year. Among them, three semi-annual reports deducted non-performance Positive year-on-year growth. In addition, excluding the new shares listed in the July-August month, in the mid-year report of August this year, of the top 100 companies in the two cities, only 24 companies reported a negative growth year-on-year, compared to 2016. This figure is 34, and this number reached 51 in 2015. Excluding new stocks, this year's mid-year report in August, of the top 200 companies in the two cities, there were 49 companies reporting negative growth year-on-year in their results. This number was 73 in 2016 and this number in 2015. Up to 95 homes.
For how to grasp the three quarterly market, "Daily Economic News" reporter interviewed a number of institutions, most of these agencies believe that compared to previous years, performance and valuation will be the key words for the third quarter of this year's market. Zhu Bin, a chief strategist at Southwest Securities, told the Daily Economic News reporter that the three quarterly stock market can be a leading company in terms of sound growth in layout performance and large industry space, and can also focus on emerging industry companies with better performance forecasts in the new stocks. Wang Jun, chief strategist of China Chuang Securities, believes that the three quarterly reports can focus on consumer and financial stocks during the centralized disclosure period. At the same time, some well-performing growth stocks can be allocated to gain elastic returns. (Source: Daily Economic News)