The A-share quarterly report is in full swing, and the net profit of 15 companies is expected to increase by more than 300% year-on-year
Finance Associated Press, April 20 (edited by Ruoyu) This week's A-share quarterly report market is in full swing, the first quarter net profit increased by up to 455% year-on-year with the same shares closed on Friday six boards, net profit increased by 8.37 times year-on-year Andawell closed two consecutive 20CM daily limit, net profit increased by 37.9 times year-on-year Ganneng shares recorded two consecutive boards. In addition, on the day after the announcement of the pre-increase in performance/pre-profit, Zhaomin Technology and BIWIN Storage closed with a daily limit of 20CM, Zhengdan shares rose by more than 19% intraday, Rongtai Health and Lishang Guochao had a one-word daily limit, and Baoguang shares closed with a daily limit.
According to Choice data, as of press time, a total of 195 A-share listed companies have released performance forecasts for the first quarter of 2024. Among them, 15 stocks have a year-on-year net profit increase of more than 300%, namely Ganneng shares, Montage Technology, Huayuan Holdings, Andawell, Hunan Development, Chuanjinnuo, Zhengdan shares, Tongwei shares, aerospace science and technology, Yutong Optics, Guoguang Electric, Shenghua New Materials, Jingchen shares, Kibing Group and BOE A, the specific situation is shown in the figure below:
Specific to individual stocks, Jiangxi State-owned Assets Supervision and Administration Commission (SASAC) Jiangtou Group's power generation company Ganneng shares with a performance growth rate of 37.9 times temporarily leading, its Monday after the market to disclose the performance of the announcement of the next day's one-word limit, and on Wednesday closed recorded two consecutive boards. The company expects a net profit of 188 million yuan to 216 million yuan in the first quarter, a year-on-year increase of 3285.92%-3790.21%. According to estimates, the net profit in Q1 of 2024 is expected to increase by 132%-166% month-on-month. The company said that the year-on-year increase in performance was due to the decrease in fuel costs in the current period of the company's thermal power plant Fengcheng Power Plant compared with the same period last year.
Ganneng Co., Ltd. announced on the same day that the company's power plants will achieve 3.848 billion kWh of on-grid electricity in the first quarter of 2024, an increase of 0.39% over the same period of the previous year, of which: 3.754 billion kWh of market-based trading electricity, accounting for 97.56% of the on-grid electricity. In addition, as of March 31, 2024, the 5.98MW rooftop distributed photovoltaic power generation project of Jiangxi Lianyi Optical Co., Ltd., a subsidiary of Jiangxi Ganneng Co., Ltd., the 1.38MW photovoltaic power generation project of Ganjiang New Area Biomedical Industrial Park, the 1.26MW rooftop distributed photovoltaic power generation project of Gannengjiang Tungsten Golden Ring Magnetic Separation, and the 1.2MW distributed photovoltaic power generation project of Gannengjiang Copper and Copper Foil (Phase IV) have been successfully connected to the grid for power generation.
Andawell, the core supplier of helicopter airborne systems, recorded two consecutive 20CM daily limits after announcing a pre-increase in performance after trading on Wednesday. The company expects a net profit of 5 million yuan to 6 million yuan in the first quarter of 2024, a year-on-year increase of 681.13%-837.35%. Andawell said that the year-on-year increase in net profit was mainly due to the company's achievement of the first quarter operating income target as planned, while the government subsidies received increased year-on-year.
Li Hongtao of Huajin Securities pointed out in a research report on April 16 that in 2024, Andawell will continue to promote the improvement of R&D capabilities, on the one hand, focus on promoting the construction of technical capabilities including aviation kitchen plug-in simulation and forward design, and strive to achieve FAA/EASA airworthiness certification of aviation kitchen plug-in products and the addition of Airbus "wire-mounted equipment (SFE)" suppliers. On the other hand, in 2024, the company will develop eVTOL series products and promote the research and development of key product projects such as realization, virtual and construction (LVC) joint training systems.
In addition, the top listed companies in the upper limit of the year-on-year increase in the performance of the first quarter also include Montage Technology and Huayuan Holdings (for details, please refer to the forecast inventory of last week's quarterly report: 20CM daily limit!The A-share quarterly report market is advancing in depth, and the net profit of 16 listed companies is expected to increase by more than 200% year-on-year)
Zhengdan shares, a leading global TMA company, disclosed a pre-increase in performance announcement after hours on Monday, and rose by more than 19% on the second day, and the stock price has risen by 47% in four trading days so far. Zhengdan shares are expected to make a net profit of 55 million to 65 million yuan in the first quarter of 2024, an increase of 378.22%-465.17% year-on-year. Affected by changes in market supply, the sales volume and unit price of trimellitic anhydride products increased significantly compared with the same period last year, the market share increased steadily, and the revenue grew steadily year-on-year. The company issued an announcement on the same day of stock trading changes, the company is concerned about the recent stock bar and other platforms circulating about the United States INEOS permanently closed its trimellitic anhydride production plant market rumors, the company has not directly received the United States INEOS announced the permanent suspension of trimellitic anhydride production equipment announcement, please pay attention to the majority of investors to pay attention to investment risks.
Haitong International Zhuang Huaichao pointed out in a research report on April 12 that Zhengdan's current main products include trimellitic anhydride (TMA), trioctyl trimelliptate (TOTM), dioctyl terephthalate (DOTP), as well as new high-end products vinyl toluene (VT) and tetraxylene. At present, the company occupies a leading market position in the mainland and even the global TMA market, and is one of the few fine chemical enterprises that can use the continuous method to produce TMA. The company also has a certain reputation and market position in the field of fine chemicals and environmental protection new materials in China. In terms of industrial chain layout, the company has laid out downstream plasticizer production capacity, and at the same time has the ability to produce vinyl toluene, which has improved the diversity of products.
Rongtai Health, a supplier of massage equipment (mainly engaged in massage chairs) focusing on the health industry, disclosed a one-word daily limit on the next day after the market on Monday, and closed on Wednesday with two consecutive boards. The company expects to achieve a net profit attributable to shareholders of listed companies in the first quarter of 2024 of 59.2521 million yuan to 64.5848 million yuan, an increase of 58% to 72.22% year-on-year. Rongtai Health said in the announcement that in the same period last year, the global economic growth momentum was insufficient, consumer demand was weak, and the company's domestic and foreign business orders were reduced or postponed. Consumption has recovered this year, the company has made full use of its own business advantages, seized opportunities, continued to optimize product structure, actively expanded domestic and foreign market share, and achieved growth in main business profits.
Zhaomin Technology, a leading domestic manufacturer of precision injection molded parts, disclosed a 20CM daily limit on Tuesday after the announcement of pre-market performance, and the company expects a net profit of 34 million to 40 million in the first quarter of 2024, an increase of 68%-97% year-on-year. Zhaomin Technology said in the announcement that the company continues to develop new products, make every effort to expand market share and product value, and strive to improve the performance and quality of products.
One of the few domestic companies that have mastered both NAND Flash and DRAM memory R&D, design, packaging and testing manufacturing, BIWIN Storage disclosed the 20CM daily limit on Tuesday after the pre-profit announcement, and the company expects to achieve a net profit attributable to the owners of the parent company of 150 million yuan to 180 million yuan in the first quarter of 2024, compared with the same period last year (statutory disclosure data), to achieve a turnaround. In addition, the company continued to increase R&D investment in the fields of storage solution R&D, chip design, advanced packaging and testing and test equipment, and the R&D expenditure in the first quarter of 2024 was approximately 100 million yuan, a year-on-year increase of more than 200%.
Lishang Guochao, a large commercial and trading conglomerate mainly engaged in the department store retail industry, disclosed an after-hours performance pre-increase announcement on Tuesday, and closed on Thursday with a one-word daily limit, and closed on Thursday with two consecutive boards. The company expects to achieve a net profit attributable to shareholders of listed companies of 60 million yuan to 64 million yuan in the first quarter of 2024, an increase of 144.57% to 160.87% year-on-year. The company's professional market operation in the current period has been rapidly restored, the rent level has been relatively increased, and the commercial and retail business has continued to develop, resulting in a significant increase in the profitability of the main business.
Baoguang Co., Ltd., whose main business is vacuum interrupter-related business and new energy-related business, disclosed the performance pre-increase announcement after trading on Wednesday, and closed the next day, and the company expects to achieve a net profit of 16.14 million yuan attributable to the parent company in the first quarter of 2024, a year-on-year increase of 73.18%. The company said that during the reporting period, the company strengthened the cost control of the whole process, conformed to the market trend, and gave full play to its own advantages. On the one hand, we will increase our efforts to develop the market and promote the growth of domestic and international sales in the first quarter, and on the other hand, we will optimize the sales structure of our main products and achieve a greater increase in profits than in the same period. In addition, during the reporting period, due to the impact of the preferential tax policy of additional deduction of input VAT in advanced manufacturing industry, the company's other income increased by 2.67 million yuan year-on-year.
(Finance Associated Press Ruoyu)