On April 16, the market opened lower and moved lower, with the three major indexes all falling more than 1%. There was a rare scene in the industry sector, only kitchen and bathroom appliances rose, the trend of large and small market indices continued to diverge, and more than 1,000 stocks in the whole market fell or fell by more than 10%. The turnover of the Shanghai and Shenzhen stock exchanges today was 947.2 billion yuan. It is worth mentioning that in the last 30 minutes, the northbound funds returned more than 3 billion yuan. Today afternoon, "A-shares", "stock market" and "micro-cap stocks" have rushed to the hot search on Weibo.
Sectors such as Shell Resources and Micro Cap Stocks continued to fall. The Wind Micro Cap Index fell 10.55% today on top of yesterday's 8.88% plunge.
In the afternoon, the home appliance sector bottomed out and rebounded
Kitchen and bathroom appliances moved up in the afternoon. The Martian 20CM daily limit, Yitian Intelligent rose by more than 10%.
On April 14, the "Household Appliance Trade-in and Green Circulation Theme Activity" sponsored by the Ministry of Commerce was held in Haikou City, Hainan Province. In this event, China Household Electrical Appliances Association, China Household Appliances Business Association, China Household Appliances Service and Maintenance Association, China Material Recycling Association, China Renewable Resources Recycling Association and China Thrift Industry Association jointly issued the initiative of "Promoting the Trade-in of Household Appliances and Promoting the Renewal of Consumption Cycle".
Guosen Securities Research Report said that in the first quarter, the domestic sales of mainland household appliances continued to recover, and the export sales boom rose. It is expected that the operation of listed home appliance companies in the first quarter will be stable and upward, the overall revenue will continue to grow by double digits, and the profit will improve slightly. In terms of sub-sectors, the export sales of white appliances in the first quarter were booming, the domestic sales of air conditioners grew rapidly, and the ice washing grew steadily; kitchen appliances were affected by real estate, and the sales of traditional kitchen appliances were expected to be stable due to rigid demand; domestic sales of small kitchen appliances still need to recover, but export sales have been actively improved, cleaning and living small appliances continued to recover positively in the first quarter, and the demand for sweepers picked up driven by the new product upgrade without price increases; the lighting and parts sector rebounded with business expansion and export demand, and welcomed a steady recovery.
The performance of pre-increase stocks was strong
Previously, the same shares announced a net profit increase of 339%-454.53% in the first quarter of this year.
After yesterday's market hours, 18 listed companies, including Ganneng shares and Zhengdan shares, disclosed the announcement of pre-increase or pre-profit in the first quarter of 2024. Among them, a total of 7 listed companies, including Ganneng Co., Ltd., Zhengdan Co., Ltd., Yutong Optics, Igor, Jinaobo, Ruilian New Materials, and Jinbo Biotechnology, are expected to increase their net profit by more than 100% year-on-year in the first quarter. Ganneng expects net profit to increase by 3286%-3790% in the first quarter.
(The market picture in the article comes from Straight Flush and Wind)
Editor: Li Ruoyu Zhang Lijing Proofreader: Yu Hongbo Signed: Fei Yangsheng