laitimes

The performance thunder is being released, and the performance of many white horse stocks is not as expected, and the stock price has plummeted

author:CBN Broadcasting

The announcement of the annual report and quarterly report is coming to an end, and the ugly daughter-in-law always wants to see her in-laws.

Last night, iFLYTEK, which has a market value of 100 billion, released its 2023 annual report and 2024 first quarter report, and the vigorous AI tide did not map to performance. In 2023, iFLYTEK will deduct non-net profit of 118 million, down 71% year-on-year, and in the first quarter of 2024, it will report non-net profit of -440 million, down 30% year-on-year.

iFLYTEK said that the net profit and non-net profit in the first quarter of 2024 decreased by 242 million yuan and 102 million yuan respectively compared with the same period last year, mainly due to the new investment in large model research and development, core technology and large model, the increase in research and development expenses, and the year-on-year decrease in investment income from financial assets such as Sanren Bank and Cambrian held by the company.

The performance thunder is being released, and the performance of many white horse stocks is not as expected, and the stock price has plummeted

iFLYTEK fell 5.22% today, and its market value fell below the 100 billion mark. For the performance of iFLYTEK's annual report and first quarterly report, industry insiders believe that although the non-net profit has declined significantly, there is still a reason. iFLYTEK belongs to the white horse growth technology stocks, for technology growth stocks, one looks at research and development, the second looks at revenue, and the third looks at net profit. From the perspective of the first quarter, the new investment in the expansion of the large model industry was about 300 million yuan, of which 842 million yuan was spent on research and development, an increase of 126 million yuan compared with the same period last year. The cash consumption on the account is a bit too much, which is caused by the construction of the company's new headquarters, which was completed in the first half of this year, and there will be no such expenditure in the future. In addition, iFLYTEK has the smallest proportion of profit in the first quarter of each year, and the performance of the following quarters can be observed.

The performance thunder is being released, and the performance of many white horse stocks is not as expected, and the stock price has plummeted

A number of coal stocks suffered a "Waterloo" in the first quarter

Entering 2024, the coal sector has shown a strong side, and as of the close of trading on April 22, the CSI Shenwan Coal Index has risen by 15.20% during the year. In terms of individual stocks, China Shenhua, the first brother of coal, rose 28.55% during the year, Shenhuo shares rose 36.19%, and coal stocks such as Shaanxi Coal Industry and China Coal Energy rose more than 20%. However, while the stock price is rising and institutions are optimistic, the performance of many listed coal companies has encountered "Waterloo".

  • Lu'an Huaneng's total operating income in Q1 was 8.659 billion yuan, a year-on-year decrease of 27.19%, and the net profit attributable to the parent company decreased by 61.90% year-on-year
  • The total operating income of Orchid Science and Technology Innovation Q1 was 2.262 billion yuan, a year-on-year decrease of 25.03%, and the net profit attributable to the parent company decreased by 82.55% year-on-year
  • The total operating income of Shanxi Coking Coking in Q1 was 1.821 billion yuan, a year-on-year decrease of 26.18%, and the net profit attributable to the parent company decreased by 91.37% year-on-year
  • Panjiang's total operating income in Q1 was 11.949 billion yuan, down 31.91% year-on-year, and net profit attributable to the parent company decreased by 93.92% year-on-year
  • Shenhuo's Q1 total operating income was 8.223 billion yuan, a year-on-year decrease of 13.57%, and the net profit attributable to the parent company decreased by 29.47% year-on-year
The performance thunder is being released, and the performance of many white horse stocks is not as expected, and the stock price has plummeted

For coal prices, Soochow Securities pointed out that from the end of March to mid-April, the demand for coal in the non-power sector was extremely weak due to the slower-than-expected growth rate of real estate and infrastructure investment. However, as May approaches, power companies need to start stockpiling for the "peak summer", and it is expected that power procurement will improve, and the coal price expectation remains optimistic.

However, the current investment logic of coal stocks may have changed, in addition to the hard attributes of coal stocks themselves, high dividends are also one of the characteristics of coal stocks. Most of the coal enterprises are central enterprises and state-owned enterprises, with a high proportion of shares held by major shareholders, and have a strong willingness and ability to pay dividends. However, judging from the above performance, the performance of coal stocks has declined seriously, and it may no longer be suitable for speculation as a high dividend direction at this stage.

The performance thunder is being released, and the performance of many white horse stocks is not as expected, and the stock price has plummeted

In addition, today, Zhifei Biotech fell by nearly 12%, and the first quarterly report showed that the net profit attributable to the parent company was 1.458 billion yuan, a year-on-year decrease of 28.26%. Wingtech Technology fell to the limit, and the first quarterly report showed a net profit of 140 million yuan, a year-on-year decrease of 69%. At present, individual stocks whose quarterly reports exceed expectations often rise sharply or rise to the limit, but are far less than the expected fall limit or fall.

The performance thunder is being released, and the performance of many white horse stocks is not as expected, and the stock price has plummeted

It's coming

今天是“4.23世界读书日”,拼团购买一财知道会员年卡立享优惠!原价399元,拼团成功后最低仅需309元!加入会员即可解锁一财独家高品质课程:全球投资趋势、最新行业动向、家庭财富规划、聪明资金逻辑、公司财报解读……活动限时哦!      

Author: Xu Jinhua

Editor: Yan Dan

Producer: Wang Junji

This article is the exclusive content of the WeChat public account of "CBN Broadcasting", please contact the background for authorization before reprinting. The individual stocks involved in this article are for reference only, and are not recommended for trading and are not responsible for personal income.