The Year of the Dragon is a year of good luck and a whole year of happiness! Today, let's talk about the topic of "making money."
What is the concept of a company earning 10 billion yuan a year? It is equivalent to a net profit of 27.4 million yuan a day. If a company earns 30 billion yuan a year, it is equivalent to a net profit of 82.19 million yuan per day. Although our big A-shares are buried with investors, there are also many excellent companies that are really profitable.
As of February 8, among the companies that have released their 2023 performance reports, there are a number of companies with a net profit of more than 10 billion yuan, or even more than 30 billion yuan, which is a proper money-maker. These companies include well-known consumer brands such as Kweichow Moutai, Midea Group, Gree Electric Appliances and Wuliangye, as well as new energy industry leaders such as CATL and BYD, as well as resource companies such as Yangtze River Power, China Shenhua and Zijin Mining, as well as financial giants such as China Merchants Bank and Bank of Ningbo.
Let's take a look at each of them (in no particular order)
1. Kweichow Moutai (food industry)
Kweichow Moutai, a leading liquor company, has delivered its most beautiful annual report, producing about 57,200 tons of Moutai-based liquor and 42,900 tons of series liquor-based liquor in 2023, and is expected to achieve a total operating income of about 149.5 billion yuan (including about 125.8 billion yuan of Moutai liquor and about 20.4 billion yuan of series liquor), a year-on-year increase of about 17.2%, and an estimated net profit attributable to shareholders of listed companies of about 73.5 billion yuan, a year-on-year increase of 17.2%, and a net profit margin of 49.16%.
Kweichow Moutai net profit
2. Wuliangye (food industry)
Wuliangye earned 22.8 billion yuan in the first three quarters, a year-on-year increase of 14%, and the annual net profit will hit a new high, with a net profit of more than 20 billion yuan for three consecutive years.
Wuliangye's net profit over the years
3. CATL (Manufacturing)
CATL, a leader in the new energy industry, has performed well, and the net profit attributable to shareholders of listed companies in 2023 is expected to be 42.5 billion yuan ~ 45.5 billion yuan, a year-on-year increase of 38% ~ 48%. The net profit after deducting non-recurring gains and losses was 38.5 billion yuan ~ 41.5 billion yuan, a year-on-year increase of 36.46% ~ 47.09%, exceeding market expectations.
CATL's net profit over the years
4. BYD (manufacturing)
BYD, a leader in new energy vehicles, expects to achieve a net profit of 29 billion yuan to 31 billion yuan in 2023, a year-on-year increase of 74% to 86%. The company's net profit has increased from 1.614 billion yuan in 2019 to 30 billion yuan in 2023, an increase of 17 times in five years!
BYD's net profit over the years
5. Yangtze River Power (Energy)
In 2023, Yangtze Power, a leading enterprise in the hydropower industry, achieved a total operating income of 78.062 billion yuan, an increase of 13.36%, and a net profit attributable to the parent company of 27.389 billion yuan, a year-on-year increase of 15.44%. The increase in performance was mainly due to the year-on-year increase of 14.015 billion kWh in the power generation of the company's six cascade power stations in 2023.
Yangtze Power is one of the few companies in the past few years that has been able to provide investors with stable returns, rising 15.8% in 2023 and another 4.5% in January 2024.
6. China Shenhua (Energy)
China Shenhua, a leading coal company, expects to achieve a net profit attributable to the parent company of 57.8 billion yuan to 60.8 billion yuan in 2023, a year-on-year decrease of 8.8 billion yuan to 11.8 billion yuan, a decrease of 12.6% to 16.9%. See clearly, after the decline in performance, there are still 57.8-60.8 billion yuan, and this company is too profitable!
7. Zijin Mining (Precious Metals)
It is estimated that the net profit attributable to shareholders of the listed company in 2023 will be approximately RMB21.1 billion, an increase of approximately RMB1.058 billion or 5.28% year-on-year compared with the same period last year. In 2023, the company produced 1.01 million tons of copper, up 11% year-on-year, 67.7 tons of gold, up 20% year-on-year, 467,000 tons of zinc (lead), up 3% year-on-year, and 412 tons of silver, up 4% year-on-year.
Zijin Mining's net profit over the years
8. Gree Electric Appliances (Home Appliances)
Gree Electric Appliances, a leading white goods company, has a profit of 27 billion yuan to 29.3 billion yuan in 2023, a year-on-year increase of 10.2% to 19.6%, and a total operating income of 205 billion yuan to 210 billion yuan, a year-on-year increase of 7.8% to 10.4%. The company said that it has always focused on the main business of air conditioning, and at the same time continued to carry out industrialization transformation, and continued to make efforts in diversified fields such as high-end equipment, industrial products, and green energy, so as to create more leading technologies and provide growth momentum for performance.
Gree Electric Appliances net profit over the years
9. Midea Group (Home Appliances)
Midea Group earned 27.7 billion yuan in the first three quarters, a year-on-year increase of 13%, and the annual net profit is expected to easily exceed 30 billion yuan.
Midea Group's net profit
10. China Merchants Bank (Commercial Bank)
The company's various businesses have been carried out steadily, and the overall operating situation is good. In 2023, the Bank achieved operating income of RMB339.123 billion, a decrease of 1.64%, total profit of RMB176.606 billion, an increase of 6.96%, and net profit attributable to shareholders of the Bank of RMB146.602 billion, an increase of RMB8.590 billion, or 6.22%, year-on-year.
Net profit of China Merchants Bank over the years
11. Bank of Ningbo (Commercial Bank, City Commercial Bank)
Bank of Ningbo released the 2023 annual performance report, the company's operating income in 2023 was 61.584 billion yuan, an increase of 6.40% over the same period of last year, and net profit was 25.535 billion yuan, an increase of 10.66% over the same period of last year.
Net profit of Bank of Ningbo over the years
These companies range from state-owned enterprises in quasi-monopoly industries to private enterprises in perfectly competitive industries. They are the best in their respective fields, their products and services are competitive, their management level is high, and they are important participants in the economic development of the mainland.
These outstanding enterprises have made important contributions to the mainland's scientific and technological progress, economic development, and the improvement of the people's living standards.