Author丨Li Tongxin, Li Xuting
Editor丨Xie Zhen
The A-share annual report disclosure season ended. Wind data shows that as of 12 o'clock on April 30, 2024, a total of 871 A-share listed companies in Guangdong have disclosed their 2023 results. Which industry attracts the most money?Which company is the most profitable?Which company pays the most generous dividends?21 Data Journalism Lab will decode the 2023 "report card" of listed Guangdong enterprises for you.
The total revenue exceeded 10 trillion yuan for the first time
The manufacturing industry is the most gold-absorbing
According to the statistics of 21 Data News Lab, as of 12 o'clock on April 30, 871 Guangdong A-share listed companies disclosed their financial data for 2023, with a total revenue of 10,020 billion yuan, accounting for 13.83% of the overall revenue of A-shares, and a net profit attributable to the parent company of 672.6 billion yuan, accounting for 12.74% of the overall profit of A-shares.
The performance of listed companies is the "barometer" of the economy. According to the Guangdong Provincial Bureau of Statistics, in 2023, Guangdong's GDP will be 13,567.316 billion yuan, a year-on-year increase of 4.8%, becoming the first province in the country with a GDP exceeding 13 trillion yuan. Guangdong's total economic output has ranked first in the country for 35 consecutive years, and its total GDP will account for 1/10 of the country's total economic output in 2023.
Entity-oriented, manufacturing leader. According to the industry classification of the China Securities Regulatory Commission, in 2023, 618 listed manufacturing companies in Guangdong will achieve a total revenue of more than 5.1 trillion yuan, ranking first among all industries, giving full play to the role of "ballast stone" for economic development.
According to the Guangdong Provincial Bureau of Statistics, in 2023, the added value of Guangdong's industrial enterprises above designated size will be 4.13 trillion yuan, exceeding the 4 trillion mark, a year-on-year increase of 4.4%. Focusing on the "manufacturing industry", we will develop "big industries", build "big platforms", promote "big projects", cultivate "big enterprises", and improve the "big environment". In recent years, many emerging industries in Guangdong are leading the realization of high-quality development in the country with a vigorous attitude. At present, Guangdong has formed eight trillion-level industrial clusters and ten 100-billion-level industrial clusters, and is one of the regions with the most complete industrial and supply chains in the world.
The operating capacity of leading enterprises continues to improve
7 Guangdong enterprises have revenues of more than 300 billion yuan
In 2023, as a leader in various industries, listed blue-chip companies in Guangdong will maintain stable operation on the basis of a large scale of overall revenue and net profit, and promote the high-quality development of Guangdong's economy.
From the perspective of revenue, the revenue of 7 listed Guangdong enterprises exceeded 300 billion yuan, and the revenue of 19 companies exceeded 100 billion yuan. Among them, Ping An of China ranked first with an annual revenue of 913.8 billion yuan last year, followed by BYD, the "first brother" of new energy vehicles, with a revenue of 602.3 billion yuan.
From the perspective of revenue growth, among the 871 listed Guangdong enterprises that have disclosed their performance, 487 have achieved year-on-year revenue growth, 33 companies have achieved a year-on-year increase of more than 50%, and 4 companies have doubled their revenue. Among them, Lingnan Holdings was the listed Guangdong enterprise with the fastest revenue growth last year, with annual revenue of 3.404 billion yuan, a year-on-year increase of 229%, and a net profit attributable to the parent company of 68.8378 million yuan, a year-on-year turnaround. In the past year, the state has continued to improve the quality and expansion of the cultural tourism consumption sector, and comprehensively stimulated the efficiency of "stabilizing growth and promoting consumption". Driven by policy guidance and the macro market environment, the domestic demand for cultural tourism has been deepening under the trajectory of expected recovery, and the prosperity of the national consumer market has continued to remain high. Against this backdrop, Lingnan Holdings seized the opportunity of market recovery, and recorded strong growth in revenue from travel agency operations, hotel operations, hotel management and other business segments.
From the perspective of net profit attributable to the parent company, 667 listed Guangdong enterprises made a profit last year, with a profit of 76.58%. China Merchants Bank, the "profit king" of Guangdong enterprises, achieved a net profit of 146.602 billion yuan last year, a year-on-year increase of 6.22%, and an average daily income of 402 million yuan. BYD's net profit ranking has improved significantly from last year, rising to 5th place.
From the perspective of net profit growth, among the above-mentioned profitable companies, 432 Guangdong enterprises achieved a year-on-year increase in net profit attributable to the parent company or turned around losses, 182 companies' net profit increased by more than 50% year-on-year, and 113 doubled. Among them, Xiongsu Technology's net profit increased the most, reaching 1666.91%. In the annual report, Xiongsu Technology attributed the reasons for the sharp increase in performance to the year-on-year decline in raw material prices, the good recovery of accounts receivable, the year-on-year decrease in the impairment of accounts receivable, and the company's active promotion of cost reduction and cost reduction, so that the net profit attributable to the parent company turned losses into profits.
The total expenditure was 290.5 billion yuan
Who is the "R&D king" of listed Guangdong enterprises in 2023?
R&D investment to improve the "science content" of listed Guangdong enterprises. Wind data shows that in 2023, a total of 798 listed companies in Guangdong will disclose R&D expenses, with a total R&D expenditure of 290.5 billion yuan, a year-on-year increase of 6.9%. Among the listed companies in Guangdong that have disclosed R&D expenses, 171 companies have a total R&D expenditure accounting for more than 10% of revenue. The five listed Guangdong enterprises with the highest R&D expenditure are all manufacturing enterprises.
According to the Guangdong Provincial Bureau of Statistics, Guangdong's R&D expenditure in 2023 will be about 460 billion yuan, accounting for 3.39% of the regional GDP. There are more than 71,000 industrial enterprises above designated size and more than 75,000 high-tech enterprises in the province, ranking first in the country. According to the 2023 Evaluation Report on China's Regional Innovation Capability, Guangdong's regional innovation capability has led the country for seven consecutive years.
BYD, the "R&D King" of listed Guangdong enterprises, will achieve revenue of 602.315 billion yuan in 2023, a year-on-year increase of 42%, and a net profit of 30.04 billion yuan, a year-on-year increase of 81%. Technological advantages are the key to BYD's explosive growth. According to the financial report, BYD's R&D expenditure last year totaled 39.9 billion yuan, a year-on-year increase of 97%.
In 2023, China's automobile production and sales will exceed 30 million units for the first time, making it the world's largest automobile exporter. According to data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in China will be 9.587 million and 9.495 million respectively, a year-on-year increase of 35.8% and 37.9%. As an industry leader, BYD sold 3.024 million vehicles last year, a year-on-year increase of 62%, winning the global new energy vehicle sales champion for a second time and ranking among the top 10 in global sales for the first time.
Listed Guangdong enterprises are enthusiastic about cash dividends
China Merchants Bank is the most generous
In the annual report disclosure season, how listed companies give investors real returns is undoubtedly the most concerned thing for the market. Wind data shows that a total of 605 listed Guangdong enterprises have disclosed dividend plans in their 2023 annual reports, with an estimated total dividend of 283.6 billion yuan, and the number of dividend companies and total dividends increased by 11% and 16% respectively over the previous year, both hitting a record high.
From the perspective of cash dividends, China Merchants Bank won the "dividend king" of listed Guangdong enterprises, with a dividend of 1.972 yuan per share and a large "red envelope" of 49.734 billion yuan.
The new "National Nine Articles" issued a few days ago clearly strengthen the supervision of cash dividends of listed companies. For companies that have not paid dividends for many years or have a low proportion of dividends, major shareholders are restricted from reducing their holdings and risk warnings are implemented. Increase incentives for high-quality companies that pay dividends, and take multiple measures to promote the increase in dividend yields. Enhance the stability, sustainability and predictability of dividends, and promote multiple dividends a year, pre-dividends, and dividends before the Spring Festival. Yan Xiang, chief economist of Huafu Securities, believes that "with the increase in the guidance, encouragement and supervision and restraint of regulatory policy measures, it is expected that more listed companies will respond to relevant policy requirements, and follow-up dividends are expected to show more positive changes." ”
(Disclaimer: The content of this article is for reference only and does not constitute investment advice.) Investors act accordingly at their own risk. ）
SFC
Editor: Jiang Peipei, intern: Su Jinyi
China's economy in the annual report|trillions of "new three things" set sail to sea, how to ride the wind and waves to find increments?
China's Economy in the Annual Report|New Consumption Trends in the Annual Report: "Holiday Economy" Blows the Spring Breeze of Recovery, and Airlines Reduce Losses and "Recover"
China's economy in the annual report|The wealth code in the annual report of listed companies: the proportion of dividends exceeds 70%, and the R&D investment has increased by more than 160 billion yuan