The quarterly performance of listed companies in intensive disclosure is frequent.
As of April 16, a total of 125 companies in Shenzhen have disclosed their first-quarter performance forecasts, of which 104 companies in Shenzhen have achieved year-on-year growth (including pre-increase, slight increase, continued profit, and turnaround), 32 have a year-on-year net profit increase of more than 200%, 24 have a year-on-year net profit increase of between 100% and 200%, and 25 have a year-on-year net profit increase of 50% to 100%. In addition, as of recently, 44 companies have disclosed their results for the first quarter of 2024, of which 37 have achieved a year-on-year increase in net profit.
With the improvement of various economic data, the acceleration of the implementation of superimposed policy support, the prosperity of some industries has been continuously improved, and the warmth is also directly reflected in the first quarter report of the Shenzhen Stock Exchange.
According to the division of Shenwan industry, among the companies in Shenzhen, auto parts, electric power, chemicals, consumer electronics, pharmaceuticals, computer equipment, optoelectronics, semiconductors and communication equipment are in the forefront, of which 11 are in the auto parts industry, 10 are in the power industry, 7 are in the chemical products and 5 are in the pharmaceutical industry, and 22 companies in the field of digital economy are excellent, with a total of 22 companies in the field of computers, consumer electronics, optoelectronics, semiconductors and communication equipment.
Shenzhen's advantageous industries are off to a good start
On April 16, the first quarter report of China's economy in 2024 was released on the 16th, and preliminary calculations showed that the gross domestic product (GDP) was 296299 billion yuan, a year-on-year increase of 5.3% at constant prices. The national economy has made a good start, and positive factors have accumulated. Sheng Laiyun, deputy director of the National Bureau of Statistics, said at the press conference of the State Council Information Office held on the same day that GDP growth of 5.3% is in line with reality. This growth rate is mainly driven by the rebound of industry and the improvement of the service industry. In the first quarter, the industrial added value increased by 6% year-on-year, contributing 37.3% to GDP growth, while the retail sales of services increased by 10%, and the service sector contributed 55.7% to economic growth. Industry and services contribute more than 90% to GDP growth.
Among them, green consumption is deeply rooted in the hearts of the people, and sales of new energy vehicles are strong. According to the China Association of Automobile Manufacturers, NEV sales increased by more than 30% year-on-year in the first quarter. A number of new energy vehicle industry chain companies in Shenzhen have also accelerated their performance.
Taking CATL, which announced its quarterly report on the 15th, as an example, the company's total operating income in the quarter was 79.77 billion yuan, and the net profit attributable to the parent company was 10.51 billion yuan. Institutions generally described CATL's first-quarter performance as "exceeding expectations", and revised its follow-up performance expectations upward.
The strong performance of the leader also led the Shenzhen auto parts company in the first quarter of the performance of the lead, in the 11 companies that are expected to be happy, aerospace science and technology is expected to make a net profit of about 7 million yuan - 10 million yuan in the first quarter, an increase of 257.6% - 410.86%, the company said that the performance growth is mainly due to the automotive electronics business to actively grasp the opportunity of the development of the automotive industry, closely focus on the needs of key customers, vigorously expand the new and old product market, and drive the profit growth of the business segment.
In addition, Bojun Technology is expected to make a net profit of about 94.7 million yuan - 103 million yuan in the first quarter, an increase of 175% - 200%, the company said that the main reason for the increase in the first quarter performance over the same period last year is the parent company's precision parts products and wholly-owned subsidiaries Changzhou Bojun Technology Co., Ltd. and Chongqing Bojun Industrial Technology Co., Ltd. during the reporting period to accelerate the release of body modular product production capacity; The rapid increase in the volume of pure electric vehicles, and the company's revenue from new energy body modular products increased rapidly year-on-year.
There is also good news in the field of digital economy. Benefiting from the continuous recovery of the consumer electronics and new energy vehicle market, the first quarter performance of the Shenzhen consumer electronics leader Changying Precision is expected to be good, and the company is expected to achieve a net profit of 250 million yuan to 350 million yuan in the first quarter of this year, compared with a loss of 81.3879 million yuan in the same period last year, a year-on-year turnaround. For the expected increase in performance, Changying Precision said that the consumer electronics and new energy markets continued to recover well, and major international and domestic customers had mass production and delivery of important new projects, and the operating income in the reporting period increased by about 30% year-on-year, hitting a record high in the first quarter.
The company expects to achieve a net profit of 800 million yuan - 1 billion yuan in the first quarter of this year, a year-on-year increase of 223% - 304%, and a non-net profit of 460 million yuan - 660 million yuan, a loss of 1.668 billion yuan in the same period last year, a significant turnaround. Talking about the reasons for the change in performance, BOE said that during the reporting period, although the semiconductor display industry was in the traditional off-season, thanks to the good supply pattern and the early release of downstream demand, the industry's prosperity increased significantly after the Spring Festival.
High-speed performance resonates with market conditions
Companies that have delivered outstanding quarterly results have also won the favor of funds. Taking Ganneng shares, which handed over a 32-fold growth rate forecast "explosive" performance, as an example, the company is expected to achieve a net profit of 188 million yuan to 216 million yuan in the first quarter, with a year-on-year increase of 3285.92% to 3790.21%, and the stock was limited on April 16.
The company pointed out in the forecast that the main reason for the year-on-year increase in the company's performance in the first quarter of 2024 was the decrease in the fuel cost of the company's thermal power plant Fengcheng Power Plant in the current period compared with the same period last year.
Benefiting from the lower-than-expected coal-fired power prices and year-on-year increases in electricity prices, 10 Shenzhen-listed power companies performed well in the first quarter of this year. Industry insiders said that policies such as capacity electricity prices and market-based pricing of ancillary services have been continuously introduced, and there is still room for decline in follow-up fuel costs and financial expenses, and the comprehensive profitability of thermal power will rise steadily, and the prosperity of the power industry will continue to improve.
In fact, the macro data for the first quarter also confirmed this. According to the National Bureau of Statistics, in the first quarter, the electricity consumption of the whole society increased by 9.6% year-on-year, the industrial electricity consumption increased by about 8%, and the total electricity consumption of the whole society was 1,531.6 billion kilowatt hours, a year-on-year increase of 11%. Industrial production continued to pick up and improve, the cultivation of new quality productivity was accelerated, and the growth of new kinetic energy products was relatively fast, driving the rapid growth of electricity consumption in related industries.
A review of the company's power generation data in the first quarter also shows that the power generation of thermal power, new energy and nuclear power units generally increased year-on-year. According to the announcement of Longyuan Power, as of March 31 this year, the company has completed a total of 21,225,200 MWh of power generation since 2024, an increase of 8.27% over the same period in 2023. Among them, wind power generation increased by 1.37%, thermal power generation increased by 11.30%, and other renewable energy power generation increased by 233.33%.
In addition, the total power generation of nuclear power units operated and managed by CGN in the first quarter was approximately 55.080 billion kWh, an increase of 0.39% over the same period last year, and the total on-grid electricity was approximately 51.814 billion kWh, an increase of 1.83% over the same period last year.
Driven by good performance, the power sector has also ushered in a hot market, taking Shenzhen as an example, stocks such as Anhui Power have risen by more than 40% during the year, and stocks such as Jiantou Energy and Jiangsu Guoxin have risen by more than 20%.