The disclosure of the 2023 annual report of A-shares has officially ended, and more than half of the listed companies have achieved revenue growth.
According to the statistics of Securities Times and Databao, in 2023, the total operating income of A-share listed companies will be 72.7 trillion yuan, an increase of 1.16 trillion yuan year-on-year from 2022, and the net profit attributable to the parent company will be 5.29 trillion yuan, a year-on-year decrease of 100.866 billion yuan.
In terms of individual stocks, 3,073 of them achieved year-on-year growth in operating income, accounting for 57.32% of the total, and 2,731 listed companies achieved year-on-year growth in net profit attributable to their parent companies, and the overall performance was stable and improving.
The revenue of 5 industries increased by more than 100 billion yuan
According to data treasure statistics, in terms of industries, the operating income of 19 industries increased year-on-year, and the revenue of 5 industries increased by more than 100 billion yuan, including not only the traditional building decoration and automobile industries, but also the public utilities and power equipment industries with the theme of carbon neutrality, as well as the communication industry that is vigorously developing under the background of digital economy.
The operating income of the building decoration industry increased by 599.54 billion yuan, ranking first, of which the three major central enterprises China State Construction, China Railway and China Railway Construction contributed a total of 361.274 billion yuan of revenue increment. The sharp increase in revenue of the building decoration segment was mainly affected by the growth of infrastructure investment. In 2023, the national investment in fixed assets (excluding rural households) will 503036 billion yuan, a year-on-year increase of 3%, and infrastructure investment will increase by 8.24% year-on-year.
The social service industry will have the fastest growth rate in operating income in 2023, with a year-on-year increase of more than 30%, leading the 31 Shenwan industries and the only industry with a net profit attributable to the parent company to turn losses into profits. According to the data of the Ministry of Culture and Tourism, the number of domestic trips will reach 4.891 billion, an increase of 2.361 billion over the same period of the previous year, a year-on-year increase of 93.3%, and the total travel expenditure of domestic tourists will be 4.91 trillion yuan, an increase of 2.87 trillion yuan over the previous year, a year-on-year increase of 140.3%.
From the perspective of net profit growth, the net profit of 11 industries will increase by more than 10 billion yuan in 2023, with public utilities, transportation, and automobile industries leading the way, with 72.379 billion yuan, 69.182 billion yuan, and 42.959 billion yuan respectively.
The profit growth of the utilities sector was mainly due to the recovery of the national economy, which drove the growth rate of electricity consumption. In 2023, the country's electricity consumption will be 9.22 trillion kWh, a year-on-year increase of 6.7%, and the growth rate will be 3.1 percentage points higher than that in 2022. In addition, coal prices will return to a reasonable range in 2023, and the profitability of the coal power sector will recover.
In terms of other industries, the coal and basic chemical industries have experienced a decline in operating income and net profit due to the decline in commodity prices, with operating income decreasing by more than 100 billion yuan and net profit attributable to the parent company decreasing by more than 50 billion yuan. In addition, the real estate, agriculture, forestry, animal husbandry and fishery industries turned from profits to losses.
Ranking of operating income:
"Two barrels of oil" continued to top the list, and BYD made the fastest progress
According to Databao statistics, the top 50 listed companies in terms of operating income in 2023 will achieve a total revenue of 32.27 trillion yuan, accounting for more than 40% of the total revenue. Sinopec and PetroChina continue to rank first and second in terms of operating income of listed companies, and compared with 2022, the operating income of the "two barrels of oil" in 2023 will decline slightly, mainly due to the wide range of prices in the international crude oil market, and the average oil price for the whole year will drop sharply compared with the same period in 2022.
Among the top 50 listed companies in terms of revenue, BYD has risen the fastest, with operating income increasing from 424.061 billion yuan in 2022 to 602.315 billion yuan, a year-on-year increase of 42.04%, jumping from 28th to 18th. The company said in its 2023 annual report that according to the data of the China Association of Automobile Manufacturers, BYD's market share of new energy vehicles will further increase to 31.9% in 2023, a year-on-year increase of 4.8 percentage points, ranking the leading position in China's new energy vehicle sales for 11 consecutive years, winning the global new energy vehicle sales crown, and creating the first time that a Chinese car company has ranked among the top ten in global sales in the automotive industry.
Among the top 50 listed companies in terms of revenue, Poly Development's revenue growth rate is second only to BYD, with operating income of 346.894 billion yuan in 2023, a year-on-year increase of 23.42%. The company has achieved remarkable results in the decentralization of existing projects, increasing the decentralization of existing projects acquired before 2022, with the contracted value of existing projects reaching 257.5 billion yuan, accounting for 61% of the annual sales amount, and the contracted area of 16.43 million square meters, accounting for 69% of the annual sales area.
Net Profit Ranking:
The performance of the lithium battery sector is differentiated
In 2023, the top 50 listed companies in terms of net profit will make a total profit of 3.3 trillion yuan, a decrease of 112.993 billion yuan from 2022. The net profit attributable to the parent company of 8 A-share listed companies exceeded 100 billion yuan, a decrease of 2 from 2022, and the two leading stocks, Ping An of China and COSCO Shipping Holdings, withdrew from the "100 billion club".
Among the top 50 listed companies in terms of net profit, 35 will have a year-on-year increase in net profit attributable to the parent company in 2023, accounting for 70%, and BYD and CATL will have the highest year-on-year growth rate, with 80.72% and 43.58% respectively. CATL's ranking has improved significantly, jumping from 28th in 2022 to 19th in 2023.
There is an obvious performance differentiation in the lithium battery industry chain, with the net profit attributable to the parent company of CATL, the power battery leader, increasing by 43.58%, and Tianqi Lithium and Ganfeng Lithium, which are mainly engaged in lithium ore, exiting the top 50 list of net profits.
In 2023, the lithium compound market has experienced a transformation from tight supply to oversupply, with the prices of lithium compounds such as lithium carbonate and lithium hydroxide showing a downward trend since the beginning of the year, and the profitability of the lithium mining sector declining. The decline in the price of lithium compounds has a role in promoting the profitability of the downstream lithium battery sector, and the demand for new energy vehicles continues to grow, and the scale of the lithium battery industry has increased rapidly.
The net profit of many home appliance sectors has increased significantly, including Gree Electric Appliances, Midea Group, and Haier Smart Home, with a net profit growth rate of more than 10%. According to the data of the General Administration of Customs, the cumulative export value of China's household appliances in 2023 will be 617.42 billion yuan, a year-on-year increase of 9.9%. According to Aowei cloud network data, the scale of the domestic home appliance retail market will reach 849.8 billion yuan in 2023, a year-on-year increase of 3.6%.
24 travel stocks doubled their revenues
According to Databao statistics, the operating income of 76 listed companies will double in 2023, and the revenue of Yahong Pharmaceutical-U, Wanchen Group, Zhiyuan New Energy, Shunfa Hengye, and Zhongxin Tourism will increase by more than 500% year-on-year.
The listed companies that have doubled their revenues are concentrated in the two tourism-related industries of social services and transportation, with a total of 24 stocks, accounting for more than one-third of the total. Among them, the operating income of Air China and China Eastern Airlines recovered to more than 100 billion yuan. According to Air China's annual report, its operating income in 2023 will reach 141.1 billion yuan, a year-on-year increase of 166.74%, exceeding the pre-epidemic level and hitting a new high since its listing.
From the perspective of net profit growth, the net profit of 260 listed companies has doubled, of which 22 have a growth rate of more than 10 times. Among the top listed companies in terms of growth, Ganneng Co., Ltd., Huadian International, and Jiangsu Guoxin all belong to the public utilities industry, ranking third, fourth, and fifth in terms of growth rate, respectively, and these three shares all have the concept of coal power. In 2023, coal-fired power generation will account for nearly 60% of the total power generation, and coal-fired power is still the main power source of the mainland's power supply, fully reflecting the role of thermal power as a backstop.
Note: The insurance industry will adopt the new contract accounting standards in 2023, and this article uses the adjusted data of the 2022 financial report when calculating the year-on-year growth rate.
Disclaimer: All information content of Databao does not constitute investment advice, the stock market is risky, and investment needs to be cautious.
Editor-in-charge: He Yu
Proofreading: Gao Yuan
Editor: Zhao Faxin
Datatreasure
Data treasure (shujubao2015): Securities Times intelligent original new media.
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