In 2021, 524 shares were listed in the A-share capital market, and the number of new shares listed hit a record high in recent years. However, among the 524 shares listed that year, many companies have "changed face" in performance, and their net profit has fallen one after another from 2021 to 2023, or even lost money. According to the statistics of Flush iFinD, 70 shares of Taihe Water (605081), Shenshui Haina, Yunzuka Technology, Medikai, Huaan Xinchuang, Shaoyang Hydraulics, etc., have been listed in 2021, and the company's net profit has declined continuously, and many shares have lost net profits in 2022 and 2023.
Zongheng shares turned into a loss in the year of listing
According to the statistics of Flush iFinD, among the new shares listed in 2021, 70 shares have seen their net profits decline since their listing, of which Zongheng shares turned into a loss in the year of listing.
70 shares, including Liyuan Technology, Medikai, Yunzuka Technology, Henghe Shares, Huayang Transmission, and Haitian Ruisheng, were all listed in 2021, and their net profits from 2021 to 2023 were all in a year-on-year decline. Taking Medikai as an example, the company was listed in March 2021, and the company's attributable net profit in the year of listing was about 99.92 million yuan, a year-on-year decrease of 30.65%;In 2022, the company's net profit continued to decline, and the attributable net profit during the reporting period was about 22.09 million yuan, a year-on-year decrease of 77.89%;In 2023, the company's net profit turned into a loss, and the attributable net profit of the year was about -84.45 million yuan, a year-on-year decrease of 482.32%.
It is worth mentioning that Medichem's net profit grew steadily before listing, and from 2018 to 2020, the company's attributable net profit was about 34.71 million yuan, 77.14 million yuan, and 144 million yuan respectively.
Among the above 70 shares, there is also a single stock in the year of listing, that is, in 2021, the net profit turned into a loss.
Zongheng Co., Ltd. landed on the Science and Technology Innovation Board in February 2021, and the company's attributable net profit in 2020 was about 40.98 million yuan, but in the year of listing, that is, in 2021, the company's net profit turned into a loss, and the attributable net profit was about -22.93 million yuan. In 2022 and 2023, the net profit will also lose one after another, and the attributable net profit will be about -26.06 million yuan and -64.5 million yuan respectively.
Xu Xiaoheng, an investment and financing expert, told a reporter from Beijing Business Daily that the "change of face" of individual stocks after listing is the focus of market and regulatory attention, and the reasons for the change in the company's performance trend before and after listing, and whether there have been major changes in the industry, may be asked.
Taihe Water and other 19 shares have a net profit loss
Among the above 70 shares, according to statistics, there are 19 shares such as Taihe Water that will have a net profit loss in 2022 and 2023.
Taking Taihe Water as an example, the company was listed in February 2021, and the company's attributable net profit in the year of listing was about 92.38 million yuan, a year-on-year decrease of 43.34%, and in 2022, the company's net profit was in the red, and the attributable net profit was about -160 million yuan that year, and the company's net profit continued to lose in 2023, and the attributable net profit was about -287 million yuan during the reporting period.
According to the data, Taihe Water is a leading enterprise and high-tech enterprise in the field of water ecology focusing on the research and development of underwater ecological restoration and having independent intellectual property rights. As for the reasons for the company's net profit loss in 2023, Taihe Water said in an interview with a reporter from Beijing Business Daily that it is mainly affected by multiple factors such as macroeconomy, industrial policy, competitive environment and local finance. First of all, the company's water environment treatment industry investment demand has decreased, resulting in the company's new signed order amount is less than expected, the target customer or the ultimate owner is the local government or large private enterprise group, affected by external comprehensive factors such as the economic downturn, some customers have a longer payment settlement cycle, The difficulty of payment collection has increased, and the company has made provision for bad debts of part of accounts receivable and impairment of contract assets in accordance with relevant accounting policies, with a cumulative amount of 72.3476 million yuan, and secondly, the company's sales expenses have increased to 62.6756 million yuan, mainly due to the company's vigorous development of the second growth curve business - drinking water sales business and the increase in after-sales maintenance expenses in 2023. Excluding the above impact, the company's net profit in 2023 has narrowed compared with the loss in 2022.
In addition, Taihe Water said that in the first quarter of 2024, the company will increase its collection efforts, and the collection of funds from construction projects in the early stage will be reversed to make impairment provisions, and the company's net profit will increase by 185.38% year-on-year.
As of the close of trading on May 6, the company's share price was reported at 10.75 yuan per share, with a total market value of 1.271 billion yuan.
Taihe water told the Beijing Business Daily reporter that the secondary market share price is affected by a variety of factors such as macroeconomy, industry policy, market sentiment, etc., the company's fundamentals are normal, the company can do in addition to efforts to overcome external adverse effects, continue to do a good job in management, improve performance and return shareholders, the company's board of directors will also pay close attention to the trend of the secondary market of stocks, and actively maintain exchanges and interactions with investors, and enhance the confidence of the market and investors.
In addition to Taihe Water, 18 stocks such as Tonghui Information, Zhisheng Information, Yunchuang Data, Zhenghe Ecology, and Beyond Technology will also have net profits in 2022 and 2023.
Deepwater Haina's losses intensified
According to statistics, among the stocks that have lost money, there are also many stocks such as Shenshui Haina and Shenzhen Keda that will have increased their losses in 2023.
According to the data, Shenshui Haina was listed in March 2021, and the company's attributable net profit in the year of listing was about 39.03 million yuan, a year-on-year decrease of 57.77%, and the company's attributable net profit in 2022 was about -1.218 million yuan, and in 2023, the company increased its losses significantly, and the attributable net profit in that year was about -34.93 million yuan.
As for the reasons for the company's sharp loss of net profit in 2023, Shenshui Haina said in an interview with a reporter from Beijing Business Daily that in 2023, the company will focus on expanding asset-light high-quality water and environmental protection projects according to changes in the market environment, strictly screen and control the quality of project orders, and the progress of some new project orders is not as expected, and the profit level will be slightly affected;
Shenzhen Keda was also listed in March 2021, and the company's attributable net profit in 2021 was about 55.74 million yuan, a year-on-year decrease of 23.4%, and the company's net profit loss in 2022 was about -35.84 million yuan, and the attributable net profit loss in 2023 was 116 million yuan.
In addition to the above two shares, there are also Yunzuka Technology, Liyuan Technology, Zhuojin Shares, Southern Aurora, Aoya Shares and other shares that will increase their losses year-on-year in 2023. Among them, in 2022 and 2023, Yunzuka Technology will achieve attributable net profit of about -68.12 million yuan and -126 million yuan respectively.
Bu Naxin, vice president of the Science and Technology Industry Investment Branch of the China International Association for the Promotion of Science and Technology and executive director of the strategic investment think tank, told the Beijing Business Daily reporter that investors should pay attention to the net profit and loss of individual stocks, whether it is caused by environmental factors or problems in the company's operation, which needs to be carefully screened.
Beijing Business Daily reporter Ma Changchang