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Financial commentary
Posted on 2017-10-16 03:29:07 Share it on the web version
                        28 listed companies announced three quarterly reports last week and 10 companies doubled in the first three quarters
Source: Securities Daily Editor: Oriental Fortune Network

  Click to view>>>Three Seasons Reports

  Xiong'an concept shocked the performance of the stock price "double cattle" shares5 funds Shigekura Beixin Building Materials 5 days floating profit 136 million yuan

As of the end of last week, 28 listed companies announced three quarterly reports, 22 of which had a year-on-year increase in net profit in the first three quarters. The performance of 10 listed companies including Linggang and Beixin Building Materials doubled. "Securities Daily" Fund Information Department reporter noted that the Beijing New Building Materials with the concept of Xi'an is the largest number of stocks held by the fund. The stock rose sharply in April. As of October 13, the stock rose by 91.48% during the year. It rose 13.15% last week. If the number of North New Building Materials held by the five funds last week has not changed, it will have a floating profit of 136 million yuan.

It is noteworthy that China Fund's two funds increased their holdings of Beixin Building Materials in the third quarter. China Huaxia Return Hybrid and China Huaxia No. 2 Hybrid respectively held 20,412,600 shares and 10,704,600 shares of the stock, an increase of 5,809,900 shares from the end of the second quarter. 313.3 million shares, which accounted for 1.48% and 0.78% of the outstanding shares, respectively. As of October 13, the yields of these two funds during the year were 26.48% and 25.91%, respectively, and they only gained 3.6% and 3.84% in the previous week.

  22 stocks improved in the first three quarters

  The fund holds 16 stocks

In October, the third quarterly report of listed companies also kicked off. As of October 14th, there were 28 listed companies in the A-shares announced three quarterly reports, 22 companies realized a year-on-year increase in net profit, and 10 net profits doubled. According to the statistics of the "Securities Daily" Fund News Department, among the companies that announced the third quarterly report, among the top ten tradable shareholders of 16 companies, there were public fund funds, of which 13 had net profit increased in the first three quarters of the previous year, accounting for the year-on-year results. The increase in the proportion of the company is 59.09%, of which Linggang’s net profit in the first three quarters increased by 7120.69% year-on-year, which is the highest increase in listed companies.

The company's third quarterly report showed that two funds were among the top ten tradable shareholders of Lingang Iron and Steel. They were GF's multi-strategy flexible allocation and Sea Fortis's revenue growth flexibility. These two funds were all new in the third quarter. Lingang Iron & Steel Co., Ltd. held 25.792 million shares and 87.158 million shares, which accounted for 1.57% and 0.54% of the outstanding shares respectively. Last week, Ling Steel Co., Ltd. gained 5.14%. The two funds held a stock of 11.8796 million yuan.

Judging from the companies that have announced the three quarterly reports, the current number of funds held by the three trees is the largest, and the total of the six funds is 434.15 million shares, which is 14.37% of the outstanding shares, and the highest percentage of funds held. Individual stocks. On October 14, Sanshu announced the third quarterly report. The total revenue for the first three quarters was 1.717 billion yuan, which was a year-on-year increase of 40.68%. The net profit was 90.058 million yuan, a year-on-year increase of 72.19%. From October to October 13th, the three trees surged 10.45%. If the six funds held the number of shares last week unchanged, the floating earnings for the previous week will reach 29.9192 million yuan.

The reporter found that of the six funds holding three trees, two were Cathay Fund's funds, which were Cathay Pacific Eagle's flexible allocation and Cathay Pacific's classical value configuration. The two funds held three trees and 80.01 million shares respectively. And 73.29 million shares, representing 2.65% of the outstanding shares and 2.43%, compared with the end of the second quarter increased 270,400 shares and 312,900 shares. Cathay Pacific Golden Eagle's flexible growth configuration and Cathay Pacific's classic and flexible configuration have achieved good returns this year. As of October 13, the two funds' annual yields were 32.13% and 32.18% respectively.

  5 funds Shigekura Xiong An concept

  Holding the new building materials for a week, floating 136 million yuan

From the perspective of the number of funds held, Beixin Building Materials is the most held by the fund. "Securities Daily" Fund Information Department reporter according to the statistics of the Beixin Building Materials third quarter report, five funds appeared in the company's top ten shareholders of tradable shares, holding a total of 6017.97 million shares, accounting for 4.37% of outstanding shares. The company's three quarterly report shows that in the first three quarters of this year, the company's total operating revenue was 8.107 billion yuan, an increase of 38% over the previous year, and net profit was 1.565 billion yuan, an increase of 100.01% over the previous year. As a Xiong concept stock, the stock rose sharply in April, as of October 13, the stock rose 91.48% during the year, the stock rose 13.15% last week. If the number of these five funds holding Beixin Building Materials has not changed, it will float 136 million yuan last week.

The reporter observed that among the five funds, four were for holdings or new ones, and one for reducing their holdings. HSBC's Jinxin Group’s shares in the broader market decreased by 10.8978 million shares in the third quarter. At the end of the third quarter, the fund held 1,148,186 shares of Beixin Building Materials, which accounted for 1.08% of the outstanding shares. In addition, HSBC Jintrust Fund's other fund, HSBC's Jinxin dual-core strategy mix at the end of the second quarter holding Beixin Building Materials 192.869 million shares, ranked fifth largest circulation shareholders. At the end of the third quarter, the top ten tradable shareholders of Beixin Building Materials did not have HSBC Jinxin's dual-core strategy mix, and the fund has cleared the stock with high probability.

The two funds of Huaxia Fund chose to increase their holdings of Beixin Building Materials. Huaxia Return Hybrid and China Huaxia No. 2 Hybrid respectively held 20,412,600 shares and 10,704,600 shares, an increase of 5,809,900 shares and 3,133,300 shares from the end of the second quarter, accounting for circulation The proportion of shares reached 1.48% and 0.78% respectively. As of October 13, the yields of these two funds during the year were 26.48% and 25.91%, respectively. Only last week it gained 3.6% and 3.84% yields.

Hing new horizon flexible configuration for the third quarter of the new fund, which holds 6.195 million shares of Beixin Building Materials, accounting for 0.45% of shares outstanding. ICBC Credit Suisse Internet Plus Stocks increased its holdings of Beixin Building Materials by 2 million shares in the third quarter. At the end of the third quarter, the fund held 7.999 million shares of the company, which accounted for 0.58% of the outstanding shares. As of October 13, the yields of the two funds within the year were 12.95% and -7.81% respectively.

  259 copies of the three quarterly reports released this week, 500 million yuan in large single influx of 10 results doubled stocks

On October 10th, the disclosure of the third quarterly report officially kicked off. The performance of the three quarterly reports represented by Lingang Iron & Steel Co., Ltd. has been reflected in advance. Although the disclosure period of the China Daily and the annual report is different for several months, the disclosure time of the three quarterly reports is less than one month. However, due to the fact that the three quarterly reports tend to indicate the company’s annual performance, its importance is self-evident. The most definite highlight of the month is undoubtedly the three quarterly reports. In particular, individual stocks with substantial growth and over-expectation results are expected to become the protagonists of the third quarter report.

"Securities Daily" Market Research Center according to statistics found that there will be 259 companies to disclose three quarterly reports this week. As of now, 199 companies have disclosed three quarterly earnings forecasts, of which, the company has achieved 156 pre-joy. Accounting for 78.39%.

Judging from the maximum range of changes in net profit forecasted by the three quarterly reports, of the 156 three-quarterly pre-grading companies, 34 companies reported that third-quarter net profit is expected to achieve high growth, and the year-on-year increase in net profit is expected to double. In addition, nine companies are expected to achieve The three quarterly results turned losses into profits.

Specifically, of the 34 companies with triple-quarter net profit expected to double year-on-year, the three quarterly net profits of four companies, namely Tianshan Stock, Jinfu Technology, Xuefeng Technology, and Three Gorges New Materials, are expected to increase by more than 10 times year-on-year. Respectively: 6138.52%, 2407.34%, 2088.84%, 1231.00%, while Liusteel (912.00%), Ananda (747.82%), Teamsun (650.00%), Moen Electrical (535.00%), Yancheng Development (533.61%), Guannonggu (500.00%) and other companies reported that the three quarterly advancements have all reached or exceeded 500%.

Judging from the hot spots in the recent market, the high growth of the three quarterly reports and the over-expectation of the company have become one of the key areas of fund allocation. Data show that last week, a total of 15 stocks whose net profit in the third quarter was expected to double were showing a large net inflow of funds. Specifically, during the period of 10 stocks, the net inflows of accumulated large single funds exceeded 10 million yuan. During the period of Hisense Kelon, the net inflow of large single funds topped 171,218,100 yuan. Tianshan Group immediately followed, accumulating a large amount of funds during the period. The net inflow was 8,171,600,000 yuan. During the period of Jinfu Technology, the net inflow of large single funds was 7806.87 million yuan. In addition, the stocks with a net inflow of over 10 million yuan during the period were: Xuefeng Technology (6,633,450 yuan) and Tibet Pearl. Peak (409.3855 million yuan), Central South Culture (218.35 million yuan), Dongyi Risheng (18.413 million yuan), Oriental Ocean (160.178 million yuan), Northern International (13.183 million yuan), and Ningxia Building Materials (101.993 million yuan). The total net inflow of 10 large stocks totaled about 500 million yuan.

For the highlights of the three quarterly reports, Zhongtai Securities believes that from the announced quarterly earnings forecast, the profitability of the cyclical sector is not bad. After adjusting, it still has configuration value. It is recommended to focus on the non-ferrous, chemical and second-tier liquors. Three quarterly stock market quotes. From the perspective of industry rotation, reviewing the market performance in the past few months of the end of the cycle, medical biotechnology, electronics, leisure services, electrical equipment, construction and other industries will often achieve good relative returns at the end of the cyclical market. From the point of view of valuation and profit matching, the valuation of financial and real estate sectors is relatively low, the fund allocation ratio is not high, and it has a high safety margin.

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  Eighty percent of pharmaceutical stocks reported good results in three quarters

Among the 31 actively managed medical-themed funds, 4 active partial-biased pharmaceutical funds have yields exceeding 20% ​​during the year

Last week, the pharmaceutical sector ushered in good news, and more than one stock had a continuous daily limit. "Securities Daily" Fund News reporter found that as of Friday, there are 166 pharmaceutical stocks announced the third quarter performance forecast, including 130 pre-joy performance, accounting for 78.31%, close to Bacheng. Among the pre-commence stocks, 116 were held by the fund at the end of the second quarter. While medical stocks soared, the medical theme fund also ushered in a long-lost surge.

According to the statistics of Oriental Wealth Choice, the reporter removed outdated funds and other theme funds. Of the 42 medical theme funds currently on the market, 11 are index funds, and 31 are actively managing partial stock funds. As of Friday, the average return rate of these 31 active partial stock funds during the year was 6.9%, underperforming the broader market 2.34 percentage points, but there are still 4 active partial stock medicine funds with a yield of more than 20% during the year, which are China Shipping Industry Health Industry respectively. Selected flexible allocations, China-Europe medical and health mix, China Shipping Healthcare stocks and E Fund healthcare industry mix. The yields of the four funds during the year were 23.59%, 23.52%, 21.46% and 20.71%, respectively.

As for the later trend of the pharmaceutical sector, the Southern Fund told reporters from the Securities Daily Fund Information Department that the fourth quarter was basically a window of performance conversion. The switch in the valuation of pharmaceuticals was more obvious. The fourth quarter earned money for performance, and the pharmaceutical industry. There will be a certain chance. As for the next year, we must look at the overall situation in the market. Since the pharmaceutical industry is a defensive product, if the market is not good, stable varieties of pharmaceutical products will receive market attention. If the market is active, there will be innovative stocks. Although the valuation is high, the market will also be higher. Valuation.

  Nearly 80% of pharmaceutical stocks

  Freshwater Springs Holding Fosun Pharma 10 Seasons

On October 8, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Deepening the Reform of the System of Reviewing, Approving and Approving, and Encouraging the Innovation of Drugs and Medical Devices" in order to promote industrial restructuring and technological innovation of pharmaceutical medical devices and enhance industrial competitiveness. The industry believes that this document is an important policy that covers a very wide range of medical fields in recent years. It will provide structural opportunities for innovative medical devices, CROs, innovative drugs, and overseas preparations.

With good fermentation, the pharmaceutical sector in the A-share market has been recovering for a long time. The Shenwan Biomedicine Index rose by 4.35% last week. As of last Friday, the index rose by 4.36% during the year. The Southern Fund told the reporter of the Securities Daily Fund Information Department that the rise in the pharmaceutical sector was related to the inflow of market funds to the consumer sector. The profitability of the pharmaceutical industry is relatively stable and there will be no increase in the profitability of the liquor industry. Therefore, it is unlikely that the stock price will rise sharply due to unexpected performance.

As of last Friday, two pharmaceutical biotech companies have announced three quarterly reports, namely Qianshan Pharmaceutical and Laimei Pharmaceutical. The net profit of these two companies in the first three quarters increased by 135.27% and 30.17%, respectively. In addition, 166 pharmaceutical bio companies announced the third quarter performance forecast, including 130 pre-jobs, accounting for 78.31%, nearly 80%. Among the pre-commercial pharmaceutical stocks, 116 were held by the fund at the end of the second quarter.

According to the statistics of the “Securities Daily” Fund Information Department reporter, three pharmaceutical stocks were bought by major funds last week. The net inflows of major funds of Jiuan Medical, Fosun Pharma, and Lexin Medical were 256 million yuan and 235 million yuan respectively. Yuan and 172 million yuan. At the end of the second quarter, the three stocks were held by 21, 339, and 5 funds respectively, of which Fosun Pharma was held by 72 funds. As of last Friday, the three stocks rose within the year, respectively, -0.13%, 60.41% and 20.14%, last week, the increase was 46.18%, 7.25% and 49.98%.

According to the statistics of Oriental Wealth Choice, at the end of the second quarter, Fosun Pharma was jointly held by 339 funds and held 200 million shares, accounting for 10.5% of the outstanding shares. Among them, Yifangda Fund was the largest holding company. At the end of the second quarter, 17 funds of E Fund's 17 funds held a total of 28,455,100 shares, which accounted for 1.49% of the outstanding shares. The largest number of funds holding this stock is the Southern Fund. At the end of the second quarter, the company’s 32 funds held a total of 25,562,600 shares, which represented 1.34% of the outstanding shares.

In addition, the reporter noticed that the well-known private equity freshwater spring has held Fosun Pharma since the first quarter of 2015. As of the end of the second quarter of this year, the freshwater spring featured 1 phase still holds 13.16.68 million shares of the stock, representing 0.69% of the outstanding shares. . Holds a period of up to 10 quarters. Fosun Pharmaceutical's closing price on Friday was 36.67 yuan, close to the 2015 high of 37.96 yuan. From the second quarter of 2015 to last Friday, the stock has risen 53.85%. According to statistics, as of last Friday, the annual return rate of the first phase of the freshwater spring collection was 26.83%, and the return rate from the end of the first quarter of 2015 to the present was 36.86%.

  4 active partial shares of pharmaceutical funds

  20% revenue over the year

Not only medical stocks stood up, but medical subject funds also performed excellently last week. According to statistics of Oriental Wealth's choice, according to the statistics of Oriental Wealth's Choice Department, after sublimating funds and other theme funds, there are currently 42 medical themed funds on the market, of which 11 are index funds and 31 are actively managed partial stock funds. . The average yield of the 31 active partial stock funds last week was 3.81%, outperforming the broader market by 1.57 percentage points. Among them, 5 active partial stock funds exceeded 5% in last week's yield, which are China-Europe Medical and Health Mixed, UBS Healthcare Healthcare Mixture, Harvest Healthcare Stocks, China Ocean Medicine Healthcare Industry Selective Configuration, and Baoying Medical Health Shanghai-Hong Kong Stock Exchange. Deep stocks, last week's yields were 6.02%, 5.78%, 5.71%, 5.59% and 5.05%, respectively. As of October 13, the yields of the five funds during the year were 23.52%, -5.88%, 12.54%, 23.59%, and 4.95%, respectively.

Judging from the results of the year, as of October 13th, under the overall downturn of medical stocks, there were also 12 active partial share medicine themed funds with a yield of more than 10% during the year, of which 4 funds had a yield of more than 20% during the year, respectively. For the combination of the flexible allocation of China Health Industry's health industry selection, China-Europe medical and health hybrid, China Healthcare Healthcare stocks and E Fund Healthcare, these four funds have yields of 23.59%, 23.52%, 21.46% and 20.71% for the year.

As of the end of last week, the flexible allocation of the medical and health care in the south was 11% in the year and the return rate was 2.64% last week. The Southern Fund told the reporter of the Securities Daily Fund Information Department that there are many segments in the pharmaceutical industry, and the industry as a whole is affected by the policy. In the current environment, chemical preparations are subject to price pressures and valuations are limited; chemical feedstocks dominate in the context of environmental protection and productivity, and investment logic is similar to cyclical industries. The profitability of branded traditional Chinese medicines has changed steadily and has long-term configuration value. Companies with R&D and innovation capabilities have the most investment potential in the future.

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  7 listed car companies only 2 pre-joyed FAW Xiali 3 quarterly reported loss of 1.1 billion yuan

Jin Jiuyin is a traditional auto market peak season. According to the production and sales data released by the China Automobile Association on October 12th, in September, China’s auto production and sales increased by 27.6% and 23.9% respectively from the previous month, compared with the same period of last year. Increased by 5.5% and 5.7%.

With the end of the third quarter, car companies have also officially entered the three quarterly disclosure time. As of the evening of October 15, the "Securities Daily" reporter through the statistics of the Choice financial terminal found that a total of seven listed car companies announced three quarterly advance notices. Three car companies, including FAW Xiali, Haima Motors and Ankai Buses, appeared differently. In terms of level of loss, Jianghuai Automobile and Zhongtong Bus have reduced their performance.

It is worth noting that two listed companies in the FAW Group continued the performance of the Interim Report. The FAW Car once again achieved a substantial turnaround. The net profit amounted to 275 million to 305 million yuan, while the FAW Xiali reported a loss of 1.095 billion yuan in the first three quarters. 11.55 billion yuan.

In addition, the first three quarters of China National Heavy Duty Truck's net profit was 657 million to 700 million yuan, an increase of 190% to 240%.

  FAW Cars Lose Sharply

According to the three quarterly advance notice disclosed by FAW Car on the evening of October 13, the company expects the net profit attributable to shareholders of listed companies in the first three quarters of this year to be between 275 million and 305 million yuan, a loss of 716 million yuan over the same period of last year, and a year-on-year loss of profit. For profit.

Among them, it is expected that the profit in the third quarter will be 4.54 million yuan to 34.54 million yuan. The company stated that in January-September this year, the company achieved sales of 169,000 vehicles, an increase of 28.2% over the same period of last year. During the reporting period, the company effectively promoted various tasks, continuously improved product development and marketing capabilities, and achieved a breakthrough in the market for its own brand Pentium X40 and continued sales of its co-branded dual-star models, which resulted in a turnaround in operating performance.

It is worth noting that, since Xu Liuping was transferred to any steam in August, FAW Group has been in a fast-paced reform and adjustment process, and its existing organizational structure and personnel arrangements have undergone major adjustments. Many people in the industry believe that FAW Group, which has experienced the mobilization of its chief, has ushered in new opportunities for development.

In this reform process, FAW Cars achieved a turnaround in performance. "Securities Daily" reporter noted that in the first half of this year, FAW Cars achieved a year-on-year turnaround. In the first half of the year, revenue was 13.401 billion yuan, a year-on-year increase of 57.84%, and net profit was 270 million yuan, an increase of 132.74% from the loss of 826 million yuan in the same period of last year.

However, FAW Xiali’s performance is still not satisfactory compared to FAW Car’s beautiful “turnover”. According to the performance forecast announced by the company on the evening of October 13, FAW Xiali reported a loss of 1.095 billion yuan to 1.155 billion yuan in the first three quarters and a loss of approximately 825 million yuan in the same period of last year; meanwhile, it suffered a loss of 410 million yuan to 470 million yuan in the third quarter. Yuan, which lost about 306 million yuan in the same period last year.

Compared with the net loss of 686 million yuan in the report, the amount of losses in the first three quarters of the previous period was again expanded. The company stated that the main reason for the loss was that the product structure adjustment had not yet been completed and the current production and sales scale of the product was low, and its profitability was weak. In addition, last year the company transferred a 15% stake in Tianjin FAW Toyota Motor Co., Ltd., resulting in a lower shareholding ratio and a decrease in investment income.

  China National Heavy Duty Truck Net profit soared

In addition to the performance of the two listed companies of FAW Group, the other five listed companies released three quarterly advance notices as of the night of October 15, including 2 pre-losses, 2 pre-reductions, and 1 pre-joy. .

Among them, Haima Motors expects the company's net profit attributable to shareholders of listed companies to lose 40 million to 90 million yuan in the first three quarters, compared with a profit of 209 million yuan in the same period last year. The net profit loss in the third quarter was approximately RMB 64 million to RMB 114 million; the basic loss per share was approximately RMB 0.039 to RMB 0.069.

At the same time, Jianghuai Automobile announced that, after preliminary calculations, it is expected that net profit attributable to shareholders of listed companies in the first nine months will be reduced by about 80% compared with the same period of last year. The company said that the main reason for the decrease in performance was the subsidy for new energy vehicles and the decline in sales of passenger vehicles.

In addition, the two bus companies that have already announced the three quarterly advance notices have also seen a decline in their net profits.

Among them, Ankai bus expects the company to achieve net profit loss attributable to shareholders of listed companies in the first three quarters of about 77 million yuan -79 million, of which the third quarter is expected to net profit loss of 48 million -60 million.

However, according to the data, the company expects net profit attributable to the parent company from January to September of this year to be approximately 110 million to 130 million yuan, down 71.45% from the same period of the previous year. 75.84%.

Zhongtong Bus stated that in 2017, the national new energy passenger vehicle subsidy standard was greatly reduced. Affected by this policy, the passenger car industry experienced a sharp decline. The company’s orders decreased accordingly during the reporting period, which caused the company's operating performance in the first three quarters of 2017 to fall significantly year-on-year.

In contrast, China National Heavy Duty Truck Group expects the first three quarters of the year to increase in the same direction. According to its announcement data, it is estimated that the company's net profit for the first three quarters of 2017 will be 657 million to 700 million yuan, compared with 226 million in the same period of last year. Yuan, a year-on-year increase of 190% to 240%.

The company stated that during the reporting period, the heavy-duty truck market maintained a relatively high growth trend, and the company’s production and sales volume increased significantly compared with the same period of last year. At the same time, through the optimization of product structure, the company further improved the management level, continued to exert its advantages, and effectively enhanced its profitability.

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  Non-ferrous metals listed companies reported 80% pre-joy in the third quarter and 22 companies forecasted net profit to double

With the advent of the three quarterly reporting period, more and more listed companies began to disclose the third quarter results or performance forecasts. According to the "Securities Daily" reporter's statistics through the Oriental Wealth Choice, as of October 15, 63 non-ferrous metals listed companies have issued three quarterly advance notices, of which two are uncertain, two losses, one slightly reduced, 13 slightly Increase, 4 home losses, 1 home loss, 4 renewal earnings, 2 pre-reduction, 33 pre-increase, 1 loss increase. Based on this calculation, 85.61% of the non-ferrous metals listed companies that have announced the pre-announcements have achieved pre-job.

From the data point of view, 26 non-ferrous metal companies expect the net profit to exceed RMB 100 million in the third quarter, and there are 22 companies whose net profit has doubled. However, it is worth noting that although the non-ferrous metals listed companies generally performed well in the third quarter, However, there are still four companies that have suffered losses. The net profits of the five companies have dropped year-on-year.

Lithium company performance is not bad

From the specific company situation, the two lithium companies are expected to have the highest net profit, Tianqi Lithium expects its net profit for the first three quarters to be 1.41 billion yuan to 1.52 billion yuan, a year-on-year increase of 26.3%; It was 947 million yuan to 1.19 billion yuan, a year-on-year increase of 145%.

Tianqi Lithium stated that the reason for the change in performance was mainly due to the increase in the production and sales volume of lithium chemical products and the increase in the sales price of lithium ore, resulting in an increase in sales gross profit. For instance, Lifeng said that the supply of raw materials for spodumene from Australia's RIM company has stabilized, the company’s production and sales of lithium salt products have increased year-on-year, and its operating performance has increased steadily; the company completed the repurchase in the first half of 2017 and wrote off the investment in Li Wanchun and Hu Yemei. The proceeds were 185 million yuan and 40.856 million yuan was received from the government.

Except two Lithium companies, Shenhuo shares ranked third in net profit in the third quarter, with net profit of RMB 870 million to RMB 910 million, a year-on-year increase of 10.26%. According to the company, during the reporting period, due to favorable factors such as supply-side reforms, the coal and electrolytic aluminum industries in the main business were warmer, and the prices of coal products and aluminum products increased significantly year-on-year. The profitability of the main products increased significantly. Coal Business Segment: As the company’s subsidiary Xuehu Coal Mine suspended production for a period of three months due to a safety production accident in May, the company’s Xinzhuang Coal Mine stopped production for two months due to upgrading to a coal and gas outburst mine in August, resulting in the company’s third quarter Coal production and sales volume dropped sharply in the second quarter, and the profitability of the company's coal business dropped significantly. At present, Xuehu Coal Mine and Xinzhuang Coal Mine have resumed production on August 28 and October 2, respectively. Electrolytic aluminum business segment: During the reporting period, affected by the sharp rise in thermal coal prices and the increase in purchased coal for power generation, the company’s headquarters has increased the cost of power generation. Under the dual factor of a year-on-year increase in the price of alumina, the loss of aluminum products of the company’s headquarters has increased year-on-year. Some increase; despite the alumina prices rose sharply year on year, Xinjiang's energy advantage is still evident, Xinjiang Shenhuo Resources Investment Co., Ltd. profitability continues to increase. At the same time, as electrolytic aluminum prices continued to rise in the third quarter, the profitability of the electrolytic aluminum business of the company's headquarters and Xinjiang region increased significantly in the third quarter compared to the second quarter.

In terms of net profit growth, Oriental Zirconium is expected to increase by 893.64% year-on-year. The company stated that due to the influence of upstream raw material prices and supply and demand, the zirconium industry has begun to pick up in the industry since the third quarter of 2016. At the same time, a research report said that in order to take advantage of the central enterprises, deep mining zirconium industry. The company relies on China's only nuclear-grade sponge zirconium production line with independent intellectual property rights to join the central enterprises and become a subsidiary of China National Nuclear Corporation. Now it has a complete zirconium industry chain, and it has added Australia's high-quality zircon mineral resources upstream. The traditional zirconium products in the middle reaches are expected to increase in volume, and the downstream new models Zirconium products and nuclear grade zirconium sponges are the core competitiveness of the company's future development. Currently, the company has the highest gross profit margin of the company. Due to its high technical barriers, it is less affected by the industry cycle.

4 companies expect losses

Since the prices of basic metals have risen sharply this year, the non-ferrous metals industry is divided into three stages: mining, smelting, and processing. In the process of sharp rise in metal prices, the profits of mining and mining will be greatly increased, and the smelting process will depend on smelting. Whether the cost has also risen, of course, inventory income can be enjoyed, the processing of the main profit-based processing fees, will also share some of the inventory gains. On the whole, the sharp rise in metal prices will help the company's profit growth, and the profitability of the mining process will be greater.

However, from the three quarterly advance notice, there are still companies that have suffered losses. Compared with the companies with better performance, the performances of Lianshi Nonferrous Metals, *ST Zhonghe, *ST Huaze, and Alloy Investment in the first three quarters were not satisfactory. Among which, Lianhe Nonferrous is expected to have a net profit loss of 185 million yuan. At the same time, Lianjin Nonferrous Metals is also the company with the highest decline in net profit year-on-year. The company's net profit fell 633.67% year-on-year. In addition, *ST Zhonghe lost 100 million to 150 million yuan, *ST Huaze lost 40 million yuan to 50 million yuan, and the alloy investment suffered a loss of 18.60 million yuan to 23.4 million yuan.

As for the reasons for losses, the non-ferrous metals industry indicated that due to the continued shutdown of molybdenum mining business during the reporting period, the newly-invested projects have not yet yielded benefits. In addition, the company’s acquisition of 100% equity in Gardner resulted in financing costs, exchange losses, and agency fees paid. Such increase, resulting in the company's performance in the first three quarters of 2017 loss. * ST Zhonghe said that because of the shortage of funds, the textile printing and dyeing sector continued to suffer losses, and the financial cost was high; there was uncertainty in the recovery of mines. The cause of the loss of *ST Huaze is that the company confirms the amount of funds occupied by the related parties according to the facts of the investigation conducted by the China Securities Regulatory Commission and calculates the interest on the funds. From January to September of this year, the company raised a total of 75.338 million yuan of interest income from the use of funds. . Alloy Investment said that during the reporting period, the sales volume of alloy products increased, the selling price increased, and at the same time, management reduced costs. During the reporting period, the amount of exchange losses of subsidiaries decreased.

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                            Lianhua Pharmaceutical Co., Ltd.
Posted on 2017-10-16 07:47:46
                            The market is like a naughty child. Always be the person who knows him best.
Posted on 2017-10-16 07:51:34
                            Selective publication Yeah, Wanhua Chemical has grown more than 200% more than you choose to blind? Oh, I can only say that the media is not reliable
Posted on 2017-10-16 07:54:28
                            Since you announced it, I will go to the market today.
Posted on 2017-10-16 07:57:21
                            The ten companies were preparing to find the Panzers in the third quarter, and then the fourth quarter was the same as the same period last year, which wiped out the third-quarter figures that did not require auditing. The characteristics of these companies: Last year, ultra-low-cost increase, low price, such as the Three Gorges new material price of 10 yuan, will increase 5.95, the number of circulation exceeded, from the past dividends, is absolutely junk stocks. There is the stock price has turned 3,4 times, such as the new steel shares. Want to buy a small scattered, must be fast forward and fast out, do not be deep-set, the situation is wrong, but also flesh to run.
Posted on 2017-10-16 08:03:54
                            Saixiang Technology
Posted on 2017-10-16 08:05:31
                            Send it out so that you can take delivery.
Posted on 2017-10-16 08:09:05
                            Early
Posted on 2017-10-16 08:10:49
                            Huijie shares, the first brand of underwear, and National Day 11 double-digit e-commerce sales have grown substantially and are worth looking forward to.
Posted on 2017-10-16 08:18:24
                            Trouble you to break the net also publish it! :
Posted on 2017-10-16 08:21:58
Hard to share :Have been pulled up! Only issued. Hairy
                            Waiting
Posted on 2017-10-16 08:25:28
                            Find someone to order it
Posted on 2017-10-16 08:29:26
Good copper :The ten companies were preparing to find the Panzers in the third quarter, and then the fourth quarter was the same as the same period last year, which wiped out the third-quarter figures that did not require auditing. The characteristics of these companies: Last year, ultra-low-cost increase, low price, such as the Three Gorges new material price of 10 yuan, will increase 5.95, the number of circulation exceeded, from the past dividends, is absolutely junk stocks. There is the stock price has turned 3,4 times, such as the new steel shares. Want to buy a small scattered, must be fast forward and fast out, do not be deep-set, the situation is wrong, but also flesh to run.
                            Good words!
Posted on 2017-10-16 09:05:27
                            Urgent river, knocked over
Posted on 2017-10-16 09:12:59
                            The annual report is not practical and it is not as good as stocks!
Posted on 2017-10-16 09:14:35
                            The annual report is not practical, not as good as stocks!
Posted on 2017-10-16 09:18:54
                            The performance of the accounts is in line with the main low suction high throw, the market has not experienced much change in performance but there are several times the growth of the old drivers understand the story
Posted on 2017-10-16 09:23:36
                            Look at performance stocks, dumbfounded
Posted on 2017-10-16 09:25:01
                            000731
Posted at 2017-10-16 09:39:23
                            Good morning! !
Posted on 2017-10-16 09:41:11
                            After the gun
Posted on 2017-10-16 09:46:12
                            Hush to catch the disk!
Posted on 2017-10-16 09:57:49
                            CITIC Bank 601998 is a high-quality bank stock that has not risen this year. Net assets per share of about 8 yuan, earnings per share of about 0.9 yuan, the stock price was more than 6 yuan, significantly lower than the net assets. Large shareholders and institutions hold 98% of their shares, and the actual market capitalization is less than all city commercial banks. Value investment can be bought boldly, there is no risk in the medium-to-long-term line, and there is no doubt that firm holding will occur.
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Source: Securities Daily Editor: Oriental Fortune Network

  Click to view>>>Three Seasons Reports

  Xiong'an concept shocked the performance of the stock price "double cattle" shares5 funds Shigekura Beixin Building Materials 5 days floating profit 136 million yuan

As of the end of last week, 28 listed companies announced three quarterly reports, 22 of which had a year-on-year increase in net profit in the first three quarters. The performance of 10 listed companies including Linggang and Beixin Building Materials doubled. "Securities Daily" Fund Information Department reporter noted that the Beijing New Building Materials with the concept of Xi'an is the largest number of stocks held by the fund. The stock rose sharply in April. As of October 13, the stock rose by 91.48% during the year. It rose 13.15% last week. If the number of North New Building Materials held by the five funds last week has not changed, it will have a floating profit of 136 million yuan.

It is noteworthy that China Fund's two funds increased their holdings of Beixin Building Materials in the third quarter. China Huaxia Return Hybrid and China Huaxia No. 2 Hybrid respectively held 20,412,600 shares and 10,704,600 shares of the stock, an increase of 5,809,900 shares from the end of the second quarter. 313.3 million shares, which accounted for 1.48% and 0.78% of the outstanding shares, respectively. As of October 13, the yields of these two funds during the year were 26.48% and 25.91%, respectively, and they only gained 3.6% and 3.84% in the previous week.

  22 stocks improved in the first three quarters

  The fund holds 16 stocks

In October, the third quarterly report of listed companies also kicked off. As of October 14th, there were 28 listed companies in the A-shares announced three quarterly reports, 22 companies realized a year-on-year increase in net profit, and 10 net profits doubled. According to the statistics of the "Securities Daily" Fund News Department, among the companies that announced the third quarterly report, among the top ten tradable shareholders of 16 companies, there were public fund funds, of which 13 had net profit increased in the first three quarters of the previous year, accounting for the year-on-year results. The increase in the proportion of the company is 59.09%, of which Linggang’s net profit in the first three quarters increased by 7120.69% year-on-year, which is the highest increase in listed companies.

The company's third quarterly report showed that two funds were among the top ten tradable shareholders of Lingang Iron and Steel. They were GF's multi-strategy flexible allocation and Sea Fortis's revenue growth flexibility. These two funds were all new in the third quarter. Lingang Iron & Steel Co., Ltd. held 25.792 million shares and 87.158 million shares, which accounted for 1.57% and 0.54% of the outstanding shares respectively. Last week, Ling Steel Co., Ltd. gained 5.14%. The two funds held a stock of 11.8796 million yuan.

Judging from the companies that have announced the three quarterly reports, the current number of funds held by the three trees is the largest, and the total of the six funds is 434.15 million shares, which is 14.37% of the outstanding shares, and the highest percentage of funds held. Individual stocks. On October 14, Sanshu announced the third quarterly report. The total revenue for the first three quarters was 1.717 billion yuan, which was a year-on-year increase of 40.68%. The net profit was 90.058 million yuan, a year-on-year increase of 72.19%. From October to October 13th, the three trees surged 10.45%. If the six funds held the number of shares last week unchanged, the floating earnings for the previous week will reach 29.9192 million yuan.

The reporter found that of the six funds holding three trees, two were Cathay Fund's funds, which were Cathay Pacific Eagle's flexible allocation and Cathay Pacific's classical value configuration. The two funds held three trees and 80.01 million shares respectively. And 73.29 million shares, representing 2.65% of the outstanding shares and 2.43%, compared with the end of the second quarter increased 270,400 shares and 312,900 shares. Cathay Pacific Golden Eagle's flexible growth configuration and Cathay Pacific's classic and flexible configuration have achieved good returns this year. As of October 13, the two funds' annual yields were 32.13% and 32.18% respectively.

  5 funds Shigekura Xiong An concept

  Holding the new building materials for a week, floating 136 million yuan

From the perspective of the number of funds held, Beixin Building Materials is the most held by the fund. "Securities Daily" Fund Information Department reporter according to the statistics of the Beixin Building Materials third quarter report, five funds appeared in the company's top ten shareholders of tradable shares, holding a total of 6017.97 million shares, accounting for 4.37% of outstanding shares. The company's three quarterly report shows that in the first three quarters of this year, the company's total operating revenue was 8.107 billion yuan, an increase of 38% over the previous year, and net profit was 1.565 billion yuan, an increase of 100.01% over the previous year. As a Xiong concept stock, the stock rose sharply in April, as of October 13, the stock rose 91.48% during the year, the stock rose 13.15% last week. If the number of these five funds holding Beixin Building Materials has not changed, it will float 136 million yuan last week.

The reporter observed that among the five funds, four were for holdings or new ones, and one for reducing their holdings. HSBC's Jinxin Group’s shares in the broader market decreased by 10.8978 million shares in the third quarter. At the end of the third quarter, the fund held 1,148,186 shares of Beixin Building Materials, which accounted for 1.08% of the outstanding shares. In addition, HSBC Jintrust Fund's other fund, HSBC's Jinxin dual-core strategy mix at the end of the second quarter holding Beixin Building Materials 192.869 million shares, ranked fifth largest circulation shareholders. At the end of the third quarter, the top ten tradable shareholders of Beixin Building Materials did not have HSBC Jinxin's dual-core strategy mix, and the fund has cleared the stock with high probability.

The two funds of Huaxia Fund chose to increase their holdings of Beixin Building Materials. Huaxia Return Hybrid and China Huaxia No. 2 Hybrid respectively held 20,412,600 shares and 10,704,600 shares, an increase of 5,809,900 shares and 3,133,300 shares from the end of the second quarter, accounting for circulation The proportion of shares reached 1.48% and 0.78% respectively. As of October 13, the yields of these two funds during the year were 26.48% and 25.91%, respectively. Only last week it gained 3.6% and 3.84% yields.

Hing new horizon flexible configuration for the third quarter of the new fund, which holds 6.195 million shares of Beixin Building Materials, accounting for 0.45% of shares outstanding. ICBC Credit Suisse Internet Plus Stocks increased its holdings of Beixin Building Materials by 2 million shares in the third quarter. At the end of the third quarter, the fund held 7.999 million shares of the company, which accounted for 0.58% of the outstanding shares. As of October 13, the yields of the two funds within the year were 12.95% and -7.81% respectively.

  259 copies of the three quarterly reports released this week, 500 million yuan in large single influx of 10 results doubled stocks

On October 10th, the disclosure of the third quarterly report officially kicked off. The performance of the three quarterly reports represented by Lingang Iron & Steel Co., Ltd. has been reflected in advance. Although the disclosure period of the China Daily and the annual report is different for several months, the disclosure time of the three quarterly reports is less than one month. However, due to the fact that the three quarterly reports tend to indicate the company’s annual performance, its importance is self-evident. The most definite highlight of the month is undoubtedly the three quarterly reports. In particular, individual stocks with substantial growth and over-expectation results are expected to become the protagonists of the third quarter report.

"Securities Daily" Market Research Center according to statistics found that there will be 259 companies to disclose three quarterly reports this week. As of now, 199 companies have disclosed three quarterly earnings forecasts, of which, the company has achieved 156 pre-joy. Accounting for 78.39%.

Judging from the maximum range of changes in net profit forecasted by the three quarterly reports, of the 156 three-quarterly pre-grading companies, 34 companies reported that third-quarter net profit is expected to achieve high growth, and the year-on-year increase in net profit is expected to double. In addition, nine companies are expected to achieve The three quarterly results turned losses into profits.

Specifically, of the 34 companies with triple-quarter net profit expected to double year-on-year, the three quarterly net profits of four companies, namely Tianshan Stock, Jinfu Technology, Xuefeng Technology, and Three Gorges New Materials, are expected to increase by more than 10 times year-on-year. Respectively: 6138.52%, 2407.34%, 2088.84%, 1231.00%, while Liusteel (912.00%), Ananda (747.82%), Teamsun (650.00%), Moen Electrical (535.00%), Yancheng Development (533.61%), Guannonggu (500.00%) and other companies reported that the three quarterly advancements have all reached or exceeded 500%.

Judging from the hot spots in the recent market, the high growth of the three quarterly reports and the over-expectation of the company have become one of the key areas of fund allocation. Data show that last week, a total of 15 stocks whose net profit in the third quarter was expected to double were showing a large net inflow of funds. Specifically, during the period of 10 stocks, the net inflows of accumulated large single funds exceeded 10 million yuan. During the period of Hisense Kelon, the net inflow of large single funds topped 171,218,100 yuan. Tianshan Group immediately followed, accumulating a large amount of funds during the period. The net inflow was 8,171,600,000 yuan. During the period of Jinfu Technology, the net inflow of large single funds was 7806.87 million yuan. In addition, the stocks with a net inflow of over 10 million yuan during the period were: Xuefeng Technology (6,633,450 yuan) and Tibet Pearl. Peak (409.3855 million yuan), Central South Culture (218.35 million yuan), Dongyi Risheng (18.413 million yuan), Oriental Ocean (160.178 million yuan), Northern International (13.183 million yuan), and Ningxia Building Materials (101.993 million yuan). The total net inflow of 10 large stocks totaled about 500 million yuan.

For the highlights of the three quarterly reports, Zhongtai Securities believes that from the announced quarterly earnings forecast, the profitability of the cyclical sector is not bad. After adjusting, it still has configuration value. It is recommended to focus on the non-ferrous, chemical and second-tier liquors. Three quarterly stock market quotes. From the perspective of industry rotation, reviewing the market performance in the past few months of the end of the cycle, medical biotechnology, electronics, leisure services, electrical equipment, construction and other industries will often achieve good relative returns at the end of the cyclical market. From the point of view of valuation and profit matching, the valuation of financial and real estate sectors is relatively low, the fund allocation ratio is not high, and it has a high safety margin.

[PAGE default page 1]

  Eighty percent of pharmaceutical stocks reported good results in three quarters

Among the 31 actively managed medical-themed funds, 4 active partial-biased pharmaceutical funds have yields exceeding 20% ​​during the year

Last week, the pharmaceutical sector ushered in good news, and more than one stock had a continuous daily limit. "Securities Daily" Fund News reporter found that as of Friday, there are 166 pharmaceutical stocks announced the third quarter performance forecast, including 130 pre-joy performance, accounting for 78.31%, close to Bacheng. Among the pre-commence stocks, 116 were held by the fund at the end of the second quarter. While medical stocks soared, the medical theme fund also ushered in a long-lost surge.

According to the statistics of Oriental Wealth Choice, the reporter removed outdated funds and other theme funds. Of the 42 medical theme funds currently on the market, 11 are index funds, and 31 are actively managing partial stock funds. As of Friday, the average return rate of these 31 active partial stock funds during the year was 6.9%, underperforming the broader market 2.34 percentage points, but there are still 4 active partial stock medicine funds with a yield of more than 20% during the year, which are China Shipping Industry Health Industry respectively. Selected flexible allocations, China-Europe medical and health mix, China Shipping Healthcare stocks and E Fund healthcare industry mix. The yields of the four funds during the year were 23.59%, 23.52%, 21.46% and 20.71%, respectively.

As for the later trend of the pharmaceutical sector, the Southern Fund told reporters from the Securities Daily Fund Information Department that the fourth quarter was basically a window of performance conversion. The switch in the valuation of pharmaceuticals was more obvious. The fourth quarter earned money for performance, and the pharmaceutical industry. There will be a certain chance. As for the next year, we must look at the overall situation in the market. Since the pharmaceutical industry is a defensive product, if the market is not good, stable varieties of pharmaceutical products will receive market attention. If the market is active, there will be innovative stocks. Although the valuation is high, the market will also be higher. Valuation.

  Nearly 80% of pharmaceutical stocks

  Freshwater Springs Holding Fosun Pharma 10 Seasons

On October 8, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Deepening the Reform of the System of Reviewing, Approving and Approving, and Encouraging the Innovation of Drugs and Medical Devices" in order to promote industrial restructuring and technological innovation of pharmaceutical medical devices and enhance industrial competitiveness. The industry believes that this document is an important policy that covers a very wide range of medical fields in recent years. It will provide structural opportunities for innovative medical devices, CROs, innovative drugs, and overseas preparations.

With good fermentation, the pharmaceutical sector in the A-share market has been recovering for a long time. The Shenwan Biomedicine Index rose by 4.35% last week. As of last Friday, the index rose by 4.36% during the year. The Southern Fund told the reporter of the Securities Daily Fund Information Department that the rise in the pharmaceutical sector was related to the inflow of market funds to the consumer sector. The profitability of the pharmaceutical industry is relatively stable and there will be no increase in the profitability of the liquor industry. Therefore, it is unlikely that the stock price will rise sharply due to unexpected performance.

As of last Friday, two pharmaceutical biotech companies have announced three quarterly reports, namely Qianshan Pharmaceutical and Laimei Pharmaceutical. The net profit of these two companies in the first three quarters increased by 135.27% and 30.17%, respectively. In addition, 166 pharmaceutical bio companies announced the third quarter performance forecast, including 130 pre-jobs, accounting for 78.31%, nearly 80%. Among the pre-commercial pharmaceutical stocks, 116 were held by the fund at the end of the second quarter.

According to the statistics of the “Securities Daily” Fund Information Department reporter, three pharmaceutical stocks were bought by major funds last week. The net inflows of major funds of Jiuan Medical, Fosun Pharma, and Lexin Medical were 256 million yuan and 235 million yuan respectively. Yuan and 172 million yuan. At the end of the second quarter, the three stocks were held by 21, 339, and 5 funds respectively, of which Fosun Pharma was held by 72 funds. As of last Friday, the three stocks rose within the year, respectively, -0.13%, 60.41% and 20.14%, last week, the increase was 46.18%, 7.25% and 49.98%.

According to the statistics of Oriental Wealth Choice, at the end of the second quarter, Fosun Pharma was jointly held by 339 funds and held 200 million shares, accounting for 10.5% of the outstanding shares. Among them, Yifangda Fund was the largest holding company. At the end of the second quarter, 17 funds of E Fund's 17 funds held a total of 28,455,100 shares, which accounted for 1.49% of the outstanding shares. The largest number of funds holding this stock is the Southern Fund. At the end of the second quarter, the company’s 32 funds held a total of 25,562,600 shares, which represented 1.34% of the outstanding shares.

In addition, the reporter noticed that the well-known private equity freshwater spring has held Fosun Pharma since the first quarter of 2015. As of the end of the second quarter of this year, the freshwater spring featured 1 phase still holds 13.16.68 million shares of the stock, representing 0.69% of the outstanding shares. . Holds a period of up to 10 quarters. Fosun Pharmaceutical's closing price on Friday was 36.67 yuan, close to the 2015 high of 37.96 yuan. From the second quarter of 2015 to last Friday, the stock has risen 53.85%. According to statistics, as of last Friday, the annual return rate of the first phase of the freshwater spring collection was 26.83%, and the return rate from the end of the first quarter of 2015 to the present was 36.86%.

  4 active partial shares of pharmaceutical funds

  20% revenue over the year

Not only medical stocks stood up, but medical subject funds also performed excellently last week. According to statistics of Oriental Wealth's choice, according to the statistics of Oriental Wealth's Choice Department, after sublimating funds and other theme funds, there are currently 42 medical themed funds on the market, of which 11 are index funds and 31 are actively managed partial stock funds. . The average yield of the 31 active partial stock funds last week was 3.81%, outperforming the broader market by 1.57 percentage points. Among them, 5 active partial stock funds exceeded 5% in last week's yield, which are China-Europe Medical and Health Mixed, UBS Healthcare Healthcare Mixture, Harvest Healthcare Stocks, China Ocean Medicine Healthcare Industry Selective Configuration, and Baoying Medical Health Shanghai-Hong Kong Stock Exchange. Deep stocks, last week's yields were 6.02%, 5.78%, 5.71%, 5.59% and 5.05%, respectively. As of October 13, the yields of the five funds during the year were 23.52%, -5.88%, 12.54%, 23.59%, and 4.95%, respectively.

Judging from the results of the year, as of October 13th, under the overall downturn of medical stocks, there were also 12 active partial share medicine themed funds with a yield of more than 10% during the year, of which 4 funds had a yield of more than 20% during the year, respectively. For the combination of the flexible allocation of China Health Industry's health industry selection, China-Europe medical and health hybrid, China Healthcare Healthcare stocks and E Fund Healthcare, these four funds have yields of 23.59%, 23.52%, 21.46% and 20.71% for the year.

As of the end of last week, the flexible allocation of the medical and health care in the south was 11% in the year and the return rate was 2.64% last week. The Southern Fund told the reporter of the Securities Daily Fund Information Department that there are many segments in the pharmaceutical industry, and the industry as a whole is affected by the policy. In the current environment, chemical preparations are subject to price pressures and valuations are limited; chemical feedstocks dominate in the context of environmental protection and productivity, and investment logic is similar to cyclical industries. The profitability of branded traditional Chinese medicines has changed steadily and has long-term configuration value. Companies with R&D and innovation capabilities have the most investment potential in the future.

[PAGE default page 2]

  7 listed car companies only 2 pre-joyed FAW Xiali 3 quarterly reported loss of 1.1 billion yuan

Jin Jiuyin is a traditional auto market peak season. According to the production and sales data released by the China Automobile Association on October 12th, in September, China’s auto production and sales increased by 27.6% and 23.9% respectively from the previous month, compared with the same period of last year. Increased by 5.5% and 5.7%.

With the end of the third quarter, car companies have also officially entered the three quarterly disclosure time. As of the evening of October 15, the "Securities Daily" reporter through the statistics of the Choice financial terminal found that a total of seven listed car companies announced three quarterly advance notices. Three car companies, including FAW Xiali, Haima Motors and Ankai Buses, appeared differently. In terms of level of loss, Jianghuai Automobile and Zhongtong Bus have reduced their performance.

It is worth noting that two listed companies in the FAW Group continued the performance of the Interim Report. The FAW Car once again achieved a substantial turnaround. The net profit amounted to 275 million to 305 million yuan, while the FAW Xiali reported a loss of 1.095 billion yuan in the first three quarters. 11.55 billion yuan.

In addition, the first three quarters of China National Heavy Duty Truck's net profit was 657 million to 700 million yuan, an increase of 190% to 240%.

  FAW Cars Lose Sharply

According to the three quarterly advance notice disclosed by FAW Car on the evening of October 13, the company expects the net profit attributable to shareholders of listed companies in the first three quarters of this year to be between 275 million and 305 million yuan, a loss of 716 million yuan over the same period of last year, and a year-on-year loss of profit. For profit.

Among them, it is expected that the profit in the third quarter will be 4.54 million yuan to 34.54 million yuan. The company stated that in January-September this year, the company achieved sales of 169,000 vehicles, an increase of 28.2% over the same period of last year. During the reporting period, the company effectively promoted various tasks, continuously improved product development and marketing capabilities, and achieved a breakthrough in the market for its own brand Pentium X40 and continued sales of its co-branded dual-star models, which resulted in a turnaround in operating performance.

It is worth noting that, since Xu Liuping was transferred to any steam in August, FAW Group has been in a fast-paced reform and adjustment process, and its existing organizational structure and personnel arrangements have undergone major adjustments. Many people in the industry believe that FAW Group, which has experienced the mobilization of its chief, has ushered in new opportunities for development.

In this reform process, FAW Cars achieved a turnaround in performance. "Securities Daily" reporter noted that in the first half of this year, FAW Cars achieved a year-on-year turnaround. In the first half of the year, revenue was 13.401 billion yuan, a year-on-year increase of 57.84%, and net profit was 270 million yuan, an increase of 132.74% from the loss of 826 million yuan in the same period of last year.

However, FAW Xiali’s performance is still not satisfactory compared to FAW Car’s beautiful “turnover”. According to the performance forecast announced by the company on the evening of October 13, FAW Xiali reported a loss of 1.095 billion yuan to 1.155 billion yuan in the first three quarters and a loss of approximately 825 million yuan in the same period of last year; meanwhile, it suffered a loss of 410 million yuan to 470 million yuan in the third quarter. Yuan, which lost about 306 million yuan in the same period last year.

Compared with the net loss of 686 million yuan in the report, the amount of losses in the first three quarters of the previous period was again expanded. The company stated that the main reason for the loss was that the product structure adjustment had not yet been completed and the current production and sales scale of the product was low, and its profitability was weak. In addition, last year the company transferred a 15% stake in Tianjin FAW Toyota Motor Co., Ltd., resulting in a lower shareholding ratio and a decrease in investment income.

  China National Heavy Duty Truck Net profit soared

In addition to the performance of the two listed companies of FAW Group, the other five listed companies released three quarterly advance notices as of the night of October 15, including 2 pre-losses, 2 pre-reductions, and 1 pre-joy. .

Among them, Haima Motors expects the company's net profit attributable to shareholders of listed companies to lose 40 million to 90 million yuan in the first three quarters, compared with a profit of 209 million yuan in the same period last year. The net profit loss in the third quarter was approximately RMB 64 million to RMB 114 million; the basic loss per share was approximately RMB 0.039 to RMB 0.069.

At the same time, Jianghuai Automobile announced that, after preliminary calculations, it is expected that net profit attributable to shareholders of listed companies in the first nine months will be reduced by about 80% compared with the same period of last year. The company said that the main reason for the decrease in performance was the subsidy for new energy vehicles and the decline in sales of passenger vehicles.

In addition, the two bus companies that have already announced the three quarterly advance notices have also seen a decline in their net profits.

Among them, Ankai bus expects the company to achieve net profit loss attributable to shareholders of listed companies in the first three quarters of about 77 million yuan -79 million, of which the third quarter is expected to net profit loss of 48 million -60 million.

However, according to the data, the company expects net profit attributable to the parent company from January to September of this year to be approximately 110 million to 130 million yuan, down 71.45% from the same period of the previous year. 75.84%.

Zhongtong Bus stated that in 2017, the national new energy passenger vehicle subsidy standard was greatly reduced. Affected by this policy, the passenger car industry experienced a sharp decline. The company’s orders decreased accordingly during the reporting period, which caused the company's operating performance in the first three quarters of 2017 to fall significantly year-on-year.

In contrast, China National Heavy Duty Truck Group expects the first three quarters of the year to increase in the same direction. According to its announcement data, it is estimated that the company's net profit for the first three quarters of 2017 will be 657 million to 700 million yuan, compared with 226 million in the same period of last year. Yuan, a year-on-year increase of 190% to 240%.

The company stated that during the reporting period, the heavy-duty truck market maintained a relatively high growth trend, and the company’s production and sales volume increased significantly compared with the same period of last year. At the same time, through the optimization of product structure, the company further improved the management level, continued to exert its advantages, and effectively enhanced its profitability.

[PAGE default page 3]

  Non-ferrous metals listed companies reported 80% pre-joy in the third quarter and 22 companies forecasted net profit to double

With the advent of the three quarterly reporting period, more and more listed companies began to disclose the third quarter results or performance forecasts. According to the "Securities Daily" reporter's statistics through the Oriental Wealth Choice, as of October 15, 63 non-ferrous metals listed companies have issued three quarterly advance notices, of which two are uncertain, two losses, one slightly reduced, 13 slightly Increase, 4 home losses, 1 home loss, 4 renewal earnings, 2 pre-reduction, 33 pre-increase, 1 loss increase. Based on this calculation, 85.61% of the non-ferrous metals listed companies that have announced the pre-announcements have achieved pre-job.

From the data point of view, 26 non-ferrous metal companies expect the net profit to exceed RMB 100 million in the third quarter, and there are 22 companies whose net profit has doubled. However, it is worth noting that although the non-ferrous metals listed companies generally performed well in the third quarter, However, there are still four companies that have suffered losses. The net profits of the five companies have dropped year-on-year.

Lithium company performance is not bad

From the specific company situation, the two lithium companies are expected to have the highest net profit, Tianqi Lithium expects its net profit for the first three quarters to be 1.41 billion yuan to 1.52 billion yuan, a year-on-year increase of 26.3%; It was 947 million yuan to 1.19 billion yuan, a year-on-year increase of 145%.

Tianqi Lithium stated that the reason for the change in performance was mainly due to the increase in the production and sales volume of lithium chemical products and the increase in the sales price of lithium ore, resulting in an increase in sales gross profit. For instance, Lifeng said that the supply of raw materials for spodumene from Australia's RIM company has stabilized, the company’s production and sales of lithium salt products have increased year-on-year, and its operating performance has increased steadily; the company completed the repurchase in the first half of 2017 and wrote off the investment in Li Wanchun and Hu Yemei. The proceeds were 185 million yuan and 40.856 million yuan was received from the government.

Except two Lithium companies, Shenhuo shares ranked third in net profit in the third quarter, with net profit of RMB 870 million to RMB 910 million, a year-on-year increase of 10.26%. According to the company, during the reporting period, due to favorable factors such as supply-side reforms, the coal and electrolytic aluminum industries in the main business were warmer, and the prices of coal products and aluminum products increased significantly year-on-year. The profitability of the main products increased significantly. Coal Business Segment: As the company’s subsidiary Xuehu Coal Mine suspended production for a period of three months due to a safety production accident in May, the company’s Xinzhuang Coal Mine stopped production for two months due to upgrading to a coal and gas outburst mine in August, resulting in the company’s third quarter Coal production and sales volume dropped sharply in the second quarter, and the profitability of the company's coal business dropped significantly. At present, Xuehu Coal Mine and Xinzhuang Coal Mine have resumed production on August 28 and October 2, respectively. Electrolytic aluminum business segment: During the reporting period, affected by the sharp rise in thermal coal prices and the increase in purchased coal for power generation, the company’s headquarters has increased the cost of power generation. Under the dual factor of a year-on-year increase in the price of alumina, the loss of aluminum products of the company’s headquarters has increased year-on-year. Some increase; despite the alumina prices rose sharply year on year, Xinjiang's energy advantage is still evident, Xinjiang Shenhuo Resources Investment Co., Ltd. profitability continues to increase. At the same time, as electrolytic aluminum prices continued to rise in the third quarter, the profitability of the electrolytic aluminum business of the company's headquarters and Xinjiang region increased significantly in the third quarter compared to the second quarter.

In terms of net profit growth, Oriental Zirconium is expected to increase by 893.64% year-on-year. The company stated that due to the influence of upstream raw material prices and supply and demand, the zirconium industry has begun to pick up in the industry since the third quarter of 2016. At the same time, a research report said that in order to take advantage of the central enterprises, deep mining zirconium industry. The company relies on China's only nuclear-grade sponge zirconium production line with independent intellectual property rights to join the central enterprises and become a subsidiary of China National Nuclear Corporation. Now it has a complete zirconium industry chain, and it has added Australia's high-quality zircon mineral resources upstream. The traditional zirconium products in the middle reaches are expected to increase in volume, and the downstream new models Zirconium products and nuclear grade zirconium sponges are the core competitiveness of the company's future development. Currently, the company has the highest gross profit margin of the company. Due to its high technical barriers, it is less affected by the industry cycle.

4 companies expect losses

Since the prices of basic metals have risen sharply this year, the non-ferrous metals industry is divided into three stages: mining, smelting, and processing. In the process of sharp rise in metal prices, the profits of mining and mining will be greatly increased, and the smelting process will depend on smelting. Whether the cost has also risen, of course, inventory income can be enjoyed, the processing of the main profit-based processing fees, will also share some of the inventory gains. On the whole, the sharp rise in metal prices will help the company's profit growth, and the profitability of the mining process will be greater.

However, from the three quarterly advance notice, there are still companies that have suffered losses. Compared with the companies with better performance, the performances of Lianshi Nonferrous Metals, *ST Zhonghe, *ST Huaze, and Alloy Investment in the first three quarters were not satisfactory. Among which, Lianhe Nonferrous is expected to have a net profit loss of 185 million yuan. At the same time, Lianjin Nonferrous Metals is also the company with the highest decline in net profit year-on-year. The company's net profit fell 633.67% year-on-year. In addition, *ST Zhonghe lost 100 million to 150 million yuan, *ST Huaze lost 40 million yuan to 50 million yuan, and the alloy investment suffered a loss of 18.60 million yuan to 23.4 million yuan.

As for the reasons for losses, the non-ferrous metals industry indicated that due to the continued shutdown of molybdenum mining business during the reporting period, the newly-invested projects have not yet yielded benefits. In addition, the company’s acquisition of 100% equity in Gardner resulted in financing costs, exchange losses, and agency fees paid. Such increase, resulting in the company's performance in the first three quarters of 2017 loss. * ST Zhonghe said that because of the shortage of funds, the textile printing and dyeing sector continued to suffer losses, and the financial cost was high; there was uncertainty in the recovery of mines. The cause of the loss of *ST Huaze is that the company confirms the amount of funds occupied by the related parties according to the facts of the investigation conducted by the China Securities Regulatory Commission and calculates the interest on the funds. From January to September of this year, the company raised a total of 75.338 million yuan of interest income from the use of funds. . Alloy Investment said that during the reporting period, the sales volume of alloy products increased, the selling price increased, and at the same time, management reduced costs. During the reporting period, the amount of exchange losses of subsidiaries decreased.

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