The annual reports of all companies have been completed, and the 23 years of revenue and profits of all walks of life have been looked at.
Some of them exceeded my expectations, while others were miserable...
1. Liquor
Source: wind
Your uncle is still uncle,
The profit of the liquor industry increased from 133.6 billion to 159.7 billion.
Compared to '22, it increased by 19.5% and revenue increased by 9%.
Although the economy is not good, the wine still has to be drunk,
This is also why consumption has fluctuated for several years, but it is also about to pay off.
Now that the liquor has been digested for so long, the valuation is indeed not so expensive, more than 20 times PE, which is basically in line with the global liquor giants.
……
2. Traditional Chinese medicine
The Chinese medicine sector also performed well in 23 years, with a profit of 34.1% year-on-year and a year-on-year increase of 5% in revenue.
Traditional Chinese medicine is also biased towards the consumption sector, and everyone has any problems, and they do not forget to drink Chinese medicine to regulate and recuperate
In addition, the continuous rise in the price of traditional Chinese medicine as a bulk commodity, the financial report data is also very good.
…….
3. Medical equipment and medical services
Medical device 23-year profit -50.7%, revenue -26.7%,
Medical service profit -15.9%, revenue -4.1%...
The new crown in 22 years has swelled medical treatment, but in 23 years of overcapacity, coupled with sanctions from the United States and the United States, the performance has hit the streets.
In fact, it can be seen from previous years that the fluctuation of medical care has always been much greater than that of consumption, and the long-term risk cost performance is weaker than that of consumption.
However, now that medical care has fallen for so many years, it feels like the bottom of the cycle is already there, but the industry is still waiting for the event-driven outbreak to occur...
…….
4. Real estate
Net profit fell from 11.3 billion to -7.2 billion.
Completely collapsed, and the nine cows couldn't get back to their roots.
…….
5. Banks
Net profit +1.5%.
Revenue was -3.6%.
The economy is not very good, the performance of banks is the most intuitive, and the big white horse China Merchants Bank also had negative growth in the first quarter.
…….
6. Cars
Net profit +50.3%;
Revenue+15.7%;
Cars going to sea are one of the few bright spots in the bad data.
The 30 years that Japan lost back then also relied on Toyota to make a fortune in Europe and the United States.
Now we obviously want to rely on new energy vehicles to support ourselves.
But at that time, Japan could dump the United States, and we were closed, which was even more difficult.
…….
7. Chips
profit fell from 60.6 billion to 31.4 billion, -48%;
revenue increased from 4909 to 495.9 billion, +1%;
said that the high growth was good, but the data came out, and it was a piece of shit directly.
Fortunately, I have been avoiding it far away, Philadelphia Semiconductor is a rich and handsome, there is no need to choose such flowers.
It is true that I still hope that domestic chips will rise, but let's let them exercise first.
…….
8. Home appliances
profit increased from 97 billion to 110.3 billion, +13.7%;
revenue increased from 14705 to 1558.4 billion, +6%;
Although the growth of the household appliance industry is not fast, it is also stable.
Although it is indeed affected by the domestic real estate cycle, the average income of household appliance faucets comes from overseas, and the overseas impact is small...
……
9. Pig breeding
profit decreased from 4.7 billion to -8.02 billion, blood loss;
revenue decreased from 390.3 billion to 378.4 billion, -3%;
None of the 23-year-old pig companies have made money, and everyone has to be cool if they continue to survive;
Fertile sows are a forward-looking indicator of the future supply of the market.
Although it has been falling, it is like squeezing toothpaste, it is estimated that listed companies have money, and it is estimated that who will carry it to the end.
ps: After so many years, I have survived a Zhengbang, who is next....
……
10. Brokers
profit from 134.3 billion to 137.5 billion, -2.3%;
revenue from 516.1 billion to 520.3 billion, +0.8%;
The performance of the brokerage in 23 years has withstood the downward trend, which makes me feel quite surprised.
However, with the 24-year reduction of fees and the closure of the IPO, it is estimated that a new performance thunderstorm period will be ushered in.
The attitude of the new village chief, at least the hair must be taken off first.
It may get better later, but it's certainly not that fast...
……
11. Insurance
profit fell from 174.9 billion to 164.8 billion, -5.7%;
revenue fell from 3,276.8 billion to 2,749.9 billion, -16%;
After 22 years of reform of the new regulations on critical illness, coupled with the impact of Internet insurance, the revenue of listed insurance companies has been slashed.
In addition, insurance policies are locked in long-term benefits, and the decline in interest rates has caused serious interest margin losses for insurance companies, so the performance of insurance is in line with expectations.
Unless the economy revives and the rate hike is reversed, it may not be much better than the second senior brokerage.
In this way, the big brother bank is still sitting firmly
……
12. Military industry
profit fell from 31.09 billion to 31.89 billion, +2.6%;
revenue increased from 527.4 billion to 587.3 billion, +11.3%;
The military industry has a phenomenon of increasing income but not increasing profits.
The demand for this track is still stable, especially in the past few years.
It's just that the return on capital in the industry is average, and it's too difficult to make money from it.
……
13. Computers
profit fell from 38 billion to 33.9 billion, -10.8%;
revenue increased from 1,187.4 billion to 1,214.1 billion, +2.2%;
Originally, the rise of AI in 23 years, the computer industry should have benefited,
As a result, the performance of the computer industry has declined a lot (and it may also increase capital investment).
The trend of the industry is also from the initial speculation of 50%, to the final increase of the fall, and even upside down.
But now it's good to clear the bubble, and a new round of follow-up overseas AI drive will facilitate the next bubble~
……