On the eve of the National Day holiday, the Shanghai Stock Exchange and the Shenzhen Stock Exchange website have announced the A shares 2017 three quarterly disclosure schedule, October this week, two large chemical officially "played" the three quarterly "overture", and with the three quarterly time window Of the official coming, the market a lot of view that the hot is expected to return to the three quarterly pre-increase plate, three quarterly detonated "silver ten market" is likely.
Blue chip stocks disclosure more positive
2017 three quarterly "opening" work to the Shenzhen main board company side of the large chemical industry, followed by, October 11, Shanghai and Shenzhen company Bohui paper, flag foreshore groups have also appeared, became the Shanghai stock market The first published three quarterly results of the company. Small and medium-sized board company's "starting lineup" sent a state of shares, three quarterly disclosure time for the October 12, the GEM is relatively backward, this Friday, thousands of drug companies and investors to meet (Table 1). From the timetable, as of Saturday, Shanghai and Shenzhen City, a total of 24 companies reported the first three quarterly report completed.
And the mid-year report (disclosure period of nearly 2 months) and the annual report (disclosure period of nearly 4 months) is different from the three quarterly and a quarterly similar, the disclosure time is only less than 1 month, 2017 three quarterly by the provisions in October Preparation is complete. But the A-share market earnings disclosure, has consistently uphold the habit of the first loose, is expected to be completed before October 20 three quarterly disclosure of the company only 195, another 3185 companies are expected to be announced in late October Three quarterly results, but only on October 30, 31, the last two disclosure days, is expected to announce the company as much as 905, accounting for the proportion of all pre-disclosed company 26.78%.
In addition to the first loose after the tight, A shares of the company's earnings disclosure there is another customary habit of "pretty girl first marry", just as the outstanding candidates often take the lead to complete the test questions and early delivery, the fundamentals of the company often prefer to advance To complete the disclosure of earnings, and if the poor performance, earnings disclosure period will be relatively backward. As of Thursday, the market has six companies reported three quarterly results completed from the company's main financial indicators, the total operating income and net profit all achieved year-on-year growth.
As the "first" company in Shanghai and Shenzhen, Fangda Chemical's total revenue for the third quarter of this year grew 31.22% YoY and net profit increased 187.82% YoY. The reason for the increase was that the market price of chemical products in the report period was good, and the sales price of the Company's products increased greatly over the same period of last year. The profit of the Company's main business increased greatly. On the other hand, the improvement of the Company's management also contributed to the profit growth. In addition, the current performance growth is more sturdy and Bo Huapai paper, benefit from the national environmental protection and supply side reform and other factors, the company's main product sales price rose over the same period last year, three quarterly net profit year on year Surge 469.6%. Has announced three quarterly results of the six companies, the performance of growth from the endogenous growth, the company's three quarterly deduction of non-net profit growth, four companies deducted non-net profit year on year growth rate is better than net profit year on year growth rate , The current only three hair gods due to the reporting period the company received the Lanzhou City Xigu District Local Taxation Bureau "tax matters notice", the company obtained the transfer of land use rights exempted from land value-added tax 58590000 yuan, which epitaxial income on the Company profits are whitewashed. China's boulder although the non-net profit growth is slightly lower than the net profit growth, but the difference is very little, the company also rely on its own business to achieve the performance of the growth.
Concerned about the upcoming three quarterly endogenous growth company
From the historical experience, the three quarterly in the fourth quarter of the earnings report in a more important position, if the listed company three quarterly results for the better, then the company's annual performance to maintain growth is basically a high probability event. In addition to this week has completed the disclosure of three quarterly companies, the statistics of the remaining 171 are expected to be published before October 20 three quarterly company, although the official three quarterly and investors need to wait until next week, but there are 114 companies announced ahead of time Three quarterly results notice, the first three quarters of this year's net profit can be explored from one.
From the type of notice, of which 97 companies were pre-increase, slightly increase, continued surplus, losses and other different ways of net profit year on year precession, accounting for 85.09%. In addition, there are 16 companies were to reduce, slightly reduced, continued losses, the first loss and other different ways of net profit worries, at the same time, Jingu shares notice shows three quarterly profitability is not yet determined. But the absolute proportion of the pre-hi company, still shows the A-share market generally follow the "early disclosure of good news, delay the disclosure of bad news" rule.
In the third quarterly report next week, the results show that at present there are 70 net profit rose more than 30% year on year; 54 companies expected net profit rose more than 50%; 34 companies three quarterly net profit is expected To achieve doubled growth. Is expected on October 17 announced three quarterly Tianshan shares net profit growth is expected to be the most anticipated, due to sales in 2017 sales have increased over the same period last year, the first three quarters of this year, net profit rose 6138.52% year on year. The same performance pre-increase in more than 10 times the company also Chengzhi shares, Jin Fu Technology, Xuefeng Technology, Zhezhong shares, the Three Gorges new material, but from the growth reasons, not all benefit from their own main business growth, in addition to Tianshan shares, Xuefeng technology benefited from the macroeconomic impact of product sales increased sales gross profit over the same period, the company to strengthen financial management, and the third quarter of the company operating season, the company is expected to rapid growth performance. In contrast, Cheng Chi shares, Jin Fu technology, Zhezhong shares, the Three Gorges new materials, although the reporting period net profit is also expected to substantial growth, but the reasons for growth is inseparable from the Nanjing Cheng Chi clean energy Limited acquisition ; Disposal of the subsidiary of Dongguan Jin Fu Diqi Electronics Co., Ltd. land and housing, resulting in asset disposal gains; the company pre-levy compensation matters completed in the third quarter; and Shenzhen Heng Bo Commercial Chain Co., Ltd. into the Three Gorges new material merger Statements and other non-operating income. In contrast, it is advisable for investors to pay more attention to companies that continue to improve their business performance (Table 2).
Two main line into the market mainstream view
With the gradual disclosure of three quarterly reports, the current should pay attention to those who grew up but the stock has not soared stocks, especially the three quarterly results to the good or expected good company. The investment theme, the market view of the majority of optimistic about the two main lines. First, the new energy vehicles in the direction of superposition networking and artificial intelligence-related industrial chain-based; Second, the future A-share market is expected to birth a number of new technology giants, especially in 5G construction-based artificial intelligence, People driving and other new scenes of the application there is an opportunity.
From the performance forecast, the current new energy vehicle plate has been announced in advance of the three three quarterly results notice, the timetable is expected to be officially announced on October 27 three quarterly ZTE car to 1016% pre-increase rate for the current new energy vehicles In the increase in the highest increase in the company, but the reason is mainly because the company completed a major asset restructuring to issue shares to buy assets of the acquisition of Yongkang Zhongtai Automobile Co., Ltd. 100% stake, resulting in a substantial increase in net profit of the company. In contrast, the same as expected on October 27 announced three quarterly Hongte precision performance growth is more stable, 2017 1 to 9 months, the parent company and Taishan wholly-owned subsidiary of the main business income growth, and with The further release of production capacity, production efficiency has been improved, effectively alleviate the shortage due to production capacity caused by emergency delivery, resulting in sales costs, management costs and other cost costs, the company's overall profitability can be enhanced. At the same time, the first three quarters of this year, the company set up a new three wholly owned subsidiary of Dongguan has begun operations, such as the Internet financial market environment does not change significantly, the three wholly owned subsidiary of Dongguan business will grow rapidly, The substantial growth. Performance notice shows that the company three quarterly net profit year on year increase of about 383.46% to 412.99%. At present, 26 new energy vehicles three quarterly results notice, a total of 16 performance year on year pre-hi (Table 3).
The current market, the hottest 5G concept stocks, as of Thursday there are 19 ahead of the announcement of the three quarterly results notice, of which nine first three quarters of pre-performance performance (Table 4). The growth rate of the day is expected to be the strongest, 63 million yuan to 65 million yuan of net profit forecast compared to the same period last year, the growth rate of about 397.19% to 444.55%, the company significantly increased performance, mainly due to the second half of the three major telecommunications operations China (China Mobile, China Telecom, China Unicom) and China Tower in the communications network infrastructure investment will remain high boom, the company's product sales and communications engineering services market demand is still relatively strong.
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