More than 350 A-shares released annual report performance forecasts, and more than 100 companies doubled their net profits

The disclosure of the performance forecast of listed companies in 2023 is getting hotter. According to the data, as of noon on January 21, 356 companies in the two cities have issued performance forecasts, 167 are expected to increase, 9 continue to make profits, 37 have turned losses, 62 have increased slightly, 17 have decreased slightly, 27 have decreased slightly, 15 have continued to lose, 17 have lost for the first time, and 5 are uncertain, and the performance forecast rate is currently about 77%.

The performance of listed companies in 2023 will be differentiated, with companies in basic chemicals, automobile manufacturing, computer communications and other industries performing better, while the profitability of the upstream of new energy has declined significantly, and individual companies have suffered their first losses.

Large profiteers are concentrated in five major industries

According to the statistics of the first financial reporter, in terms of the upper limit of the absolute value of net profit, 260 companies are expected to make a profit of more than 100 million yuan in 2023, and 97 companies are expected to make a profit of more than 500 million yuan, of which 51 companies are expected to have a net profit of more than 1 billion yuan.

Kweichow Moutai (600519. SH), Gree Electric (000651. SZ), COSCO Shipping Holdings (601919. SH), Lixun Precision (002475. SZ) has a net profit of more than 10 billion yuan, and Kweichow Moutai is expected to make a profit of 73.5 billion yuan in 2023, a year-on-year increase of 17.2%. COSCO SHIPPING Holdings expects that the net profit attributable to the parent company in 2023 will decline by 78.4% year-on-year to 28.389 billion yuan, mainly due to the significant decrease in the market freight rate of container shipping compared with last year.

The net profit of 51 companies exceeded 1 billion yuan, mainly concentrated in five major industries (CSRC industry): electricity, heat production and supply, computer, communication and other electronic equipment manufacturing, automobile manufacturing, water transportation, and special equipment manufacturing.

Due to the decline in coal prices and the increase in power generation, power stocks mainly engaged in thermal power generally reaped better results in 2023 600023. SH) is expected to turn around its performance and achieve a net profit attributable to the parent company of 6.106 billion yuan to 7.318 billion yuan, mainly due to the decline in coal prices, the increase in power generation and the improvement of the efficiency of the company's shareholding enterprises. Hubei Energy (000883. SZ) also said that the decline in coal prices, the decline in the cost of fuel for the company's thermal power, and the year-on-year increase in the profit of the thermal power business are one of the reasons for the company's performance growth. Hubei Energy expects to achieve a net profit attributable to the parent company of 1.58 billion yuan to 2.04 billion yuan in 2023, a year-on-year increase of 35.91%-75.48%. Shenergy shares (600642. SH) expects to achieve a net profit attributable to the parent company of 3.3 billion yuan to 3.5 billion yuan in 2023, an increase of about 200% to 230% year-on-year. In addition, SDIC Power (600886. SH) is expected to increase its net profit attributable to the parent company by 40.29% to 68.16% year-on-year in 2023, reaching 5.723 billion yuan to 6.860 billion yuan.

In addition to power stocks, equipment stocks are expected to have outstanding net profit growth, especially special subdivision equipment such as semiconductor equipment. NAURA (002371. SZ) and China Micro Corporation (688012.SH), two leading semiconductor equipment companies, have achieved good growth.

NAURA expects to achieve at least 20.97 billion yuan and 3.61 billion yuan in operating income and net profit attributable to the parent company in 2023, a year-on-year increase of 42.77% and 53.44%, respectively.

The leading etching machine company is expected to have an operating income of about 6.26 billion yuan, a year-on-year increase of about 32.1%, and is expected to achieve a net profit attributable to the parent company of 1.7 billion yuan to 1.850 billion yuan, an increase of about 45.32% to 58.15% year-on-year 688072. SH) shares.

Photovoltaic equipment leader Jingsheng Electromechanical (300316. SZ) expects high growth in 2023 and is seen as beating the market average. The company expects to achieve a net profit attributable to the parent company of 4.385 billion yuan to 4.97 billion yuan during the reporting period, a year-on-year increase of 50% to 70%. As for the reasons for the growth of performance, Jingsheng Electromechanical said that the company is deepening the collaborative layout of "equipment + materials", actively launching photovoltaic innovative equipment, extending the layout of high-end equipment products in the semiconductor industry chain, and accelerating the production capacity of advanced materials such as quartz crucibles, diamond wires, and silicon carbide.

More than 100 companies are expected to double their earnings

Judging from the upper limit of the net profit growth rate of the forecast, there are 119 listed companies with a year-on-year increase in net profit of 100% or more in 2023, and 45 stocks with a year-on-year increase in net profit of more than two times. Some of these industries have gradually stabilized and turned around in 2023 after being disrupted by the epidemic in previous years, resulting in a decline in performance.

Qifeng New Materials(002521. SZ), Ginza Co., Ltd. (600858. SH), Preh Ophthalmology (301239. SZ) and Zhongke Feitest (688361.SH) 4 companies are expected to have a net profit growth rate of more than 10 times.

Qifeng New Materials is expected to achieve a net profit attributable to the parent company of 225 million yuan to 260 million yuan in 2023, with a year-on-year growth rate of 2554.62%-2967.56%, compared with 8.4758 million yuan in the same period last year. Ginza Co., Ltd., which is mainly engaged in large-scale retail, will achieve a turnaround in 2023, achieving a net profit attributable to the parent company of 158 million yuan to 230 million yuan, compared with a loss of 14.5 million yuan in the same period last year.

Zhongke Flying Measurement, which has only been listed on the Science and Technology Innovation Board for half a year, is expected to make a profit of more than 100 million yuan in 2023 and is expected to achieve "U picking". The company is mainly engaged in the R&D and production of semiconductor quality control equipment, and the company's products have been successfully applied to the domestic 28nm and above process integrated circuit manufacturing production lines. In 2023, it is expected to achieve operating income of 850 million yuan to 900 million yuan, and net profit attributable to the parent company of 115 million yuan to 165 million yuan, a year-on-year increase of 860.66% to 1278.34%.

The aviation airport ushered in a long-lost performance "sunny day". Shenzhen Airport (000089. SZ) will turn losses into profits in 2023, and the net profit attributable to the parent company is expected to be 361 million yuan to 451 million yuan, compared with a loss of 1.143 billion yuan in the same period last year. Shenzhen Airport said that with the gradual recovery of aviation market demand, passenger throughput increased by 144.6% year-on-year, and the number of flight takeoffs and landings increased by 66.8% year-on-year, resulting in a significant year-on-year increase in the company's operating income. Baiyun Airport (600004. SH) has also achieved a turnaround, and is expected to achieve a net profit attributable to the parent company of 438 million yuan to 535 million yuan.

There are also some companies because the cycle of the industry is no longer prosperous, the performance from profit to loss, there are 17 companies expected to lose the first loss. In 2023, new energy vehicles will experience price reductions and destocking, lithium carbonate prices will plummet, and the performance dividend period of upstream material companies will also come to an end, especially cathode material manufacturers have ushered in a sharp decline in profits.

Long-term lithium (688779. SH) is a domestic ternary cathode material manufacturer, and the company expects that the net profit attributable to the parent company in 2023 will be 110 million yuan to 150 million yuan, and the non-net profit loss will be 180 million yuan to 220 million yuan, which will turn from profit to loss year-on-year. In 2022, the net profit attributable to the parent company of Changchang Lithium will reach 1.49 billion yuan, and the explanation given by Changchang Lithium is that due to the decline of the subsidy policy for new energy vehicles and the impact of downstream enterprises to destock, the company's product sales have decreased year-on-year;

The unoptimistic demand of the steel industry has also caused the performance of relevant listed companies to plummet. Shandong Iron & Steel Co., Ltd. (600022. SH) expects the net profit attributable to the parent company to be -450 million yuan to -370 million yuan in 2023, compared with 555 million yuan in the same period last year, which shows the big change. Shandong Iron and Steel said that the steel market situation in 2023 will be extremely severe, and the company will actively respond to the downward pressure on the steel market and strengthen the linkage of production, purchase and sales, but it is still unable to eliminate the impact of the sharp reduction in profits in the market.