When the annual report is published intensively, "high-achieving students" are also rushing to publish the first quarterly report for 2023.
According to the data, by the noon of April 3, 55 companies had announced their performance forecasts for the first quarter. Among them, 20 companies were expected to increase, 12 companies to increase slightly, 2 companies to turn losses, 10 companies to continue to make profits, 9 companies to decrease slightly, 2 companies to be reduced in advance, and 44 companies were expected to be happy according to the results, accounting for 80%.
Organizational analysis pointed out that the hype of the TMT market has gradually reached a climax of excitement and trading. Under the environment of a moderate economic recovery, the market for the first quarter report will slowly unfold, and the market may become balanced. The first quarter report of listed companies is expected to provide more fundamental information to the market. Revise expectations.
The performance of 44 stocks is expected, and the growth rate of the pig feed factory temporarily ranks first
On the whole, the companies that have announced their performance forecasts for the first quarter have achieved good results. The pre-happy companies mainly come from industries such as equipment, power, medicine and automobiles.
According to the estimated maximum change in net profit, 10 companies expect to double their net profit in the first quarter, and 6 of them have a year-on-year growth rate of more than 200%. Meanwhile, Boen Group (001366.SZ)'s net profit growth rate is estimated to exceed 17 times, temporarily ranking first in the two cities. The performance growth rates of Feilong (002536.SZ) and Jingquanhua (002885.SZ) were 703.17% and 483.22% respectively.
According to the financial report, Boen Group is mainly engaged in animal nutrition and animal health products, and its main products are young pig nutrition products such as the front-end raw materials of pig feed, creep feed and suckling pig feed. The company was listed on the A-share market on March 7. It is estimated that the revenue in the first quarter will be 383 million to 425 million yuan, a year-on-year increase of 27.13% to 41.07%, and the net profit attributable to the parent will be 14.05 million to 22.05 million yuan, a year-on-year increase of 1058.13% ~1717.57%.
Boen Group stated that in the same period of 2021, the "pig cycle" is sluggish and the price of feed raw materials is rising. This phenomenon has improved significantly in the first quarter of this year, and the pig production market has recovered. Along with the sharp rise in performance, Boen Group's stock price has strengthened significantly. From March 31 to April 3, the company's stock price recorded two consecutive boards. By the end of the day, it was quoted at 20.03 yuan, which has doubled the issue price (9.32 yuan).
Among the stocks with the highest performance growth rate, Roshow Technology (002617.SZ) and Shanghai Jianke (603153.SH) are expected to turn losses in the first quarter. For a long time, Roshow Technology has been enthusiastic about hype, and the company's main business spans multiple fields such as photovoltaics and semiconductors. According to the performance forecast, Roshow Technology is expected to achieve a net profit of 45 million to 65 million yuan, a year-on-year increase of 243.3% to 306.99%. According to the company, the increase in the total installed capacity of power stations in photovoltaic power generation, as well as the fact that the silicon carbide business has entered the growth stage from the start-up stage, and sales are on the right track, are the primary reasons for the increase in revenue.
It is worth noting that the latest stock price of Roshow Technology is at 9.2 yuan, which is nearly 60% lower than the historical high set at the end of 2021. The company’s controlling shareholder Roshow Group Co., Ltd. plans to increase its shareholding in the company within the next 6 months. Set the price range, and the amount of increased holdings is estimated to be 50 million to 100 million yuan.
Shanghai Jianke just landed on the A-share main board half a month ago, and now it has formed multiple main business sectors such as engineering consulting services, testing and technical services, environmental low-carbon technology services, special engineering and product sales. The company expects to achieve operating income of 710 million to 790 million yuan in the first quarter of this year, a year-on-year increase of 7.15% to 19.22%, and the net profit attributable to the parent is 11 million to 17 million yuan, turning losses into profits. It should be pointed out that Shanghai Jianke’s Q1 net profit loss in 2022 did not lead to a loss in the annual performance. In 2022, the company completed a net profit of 276 million yuan attributable to the parent company, a slight decline of 1.22% year-on-year.
Look further at the profit scale of the pre-hi company. According to the data, among the 44 performance-predicting companies, 7 listed companies had a net profit of more than 100 million yuan in the first quarter.
Among them, Guanghui Power (600256.SH) doubled its revenue in the first quarter. The company estimates that its operating income will be 19.3 billion to 20 billion yuan, a year-on-year growth rate of 105.37% to 112.82%; the net profit attributable to the parent is 3 billion to 31 billion yuan billion, a year-on-year increase of 35.54% to 40.06%. During the reporting period, the non-recurring profit and loss of Guanghui Power was about 28.5 million yuan, that is, the increase in the company's net profit was mainly driven by its main business. Regarding the growth in performance, Guanghui Power said that the volume and price of the three main products of liquefied natural gas LNG, coal and coal chemical products have resonated and promoted profit growth. Among them, sales of liquefied natural gas LNG in the first quarter increased by 107% year-on-year.
Decomposition of new power: photovoltaic net profit increases sharply, electrolyte faucet declines one after another
The performance of the new energy track has been decomposed to a certain extent. The downstream demand for photovoltaics has continued to increase, which has led to an increase in module shipments, while the price decline of lithium carbonate and electrolyte in the upstream material link of new energy vehicles has already reflected the profit side of the relevant companies.
Specifically, Trina Solar (688599.SH), a leader in photovoltaic modules, estimates that the net profit growth rate of the parent company after deducting non-existing expenses in the first quarter will be 255.45%. According to the announcement, Trina Solar estimates that the net profit attributable to the parent in the first quarter will be 1.3 billion to 1.8 billion, with a year-on-year growth rate of 139.31% to 231.35%. The growth rate is 153.6%~255.45%.
"At the beginning of January, some large-scale silicon wafer and module manufacturers actually completed the first-quarter orders and shipment arrangements. The industry is still relatively optimistic about the demand for photovoltaic installations this year. On the one hand, there will be no obvious gap in silicon material production capacity this year. The demand in overseas regions, especially in Europe and other places, is very strong." A related person from a leading photovoltaic company told the first financial reporter.
On the other hand, with the price reduction and promotion of vehicle brands, the performance of upstream manufacturers of new energy vehicles has accelerated due to the accelerated decline in raw material prices. According to the financial report, the net profit of "electrolyte second" Xin Zhoubang (300037.SZ) will have an inflection point in Q2 of 2022, and the single-quarter net profit has dropped for four consecutive quarters. quarterly low.
Electrolyte is one of the four major raw materials of lithium batteries, which plays the role of conducting and transporting energy between the positive and negative electrodes of the battery. In the past two years, lithium battery materials companies such as lithium carbonate and electrolytes have almost "laid down to make money". In 2021, Xin Zhoubang's revenue and net profit have doubled, and the net profit attributable to the parent company after deducting non-existing expenses has increased by 156.17%, the highest since its listing.
Now the price of upstream lithium carbonate has been "cut in half" compared with last year's high point, and the downward trend has not stopped, triggering a chain reaction of continuous decline in electrolyte prices, product sales decline, affecting the revenue and profits of related companies.
In the first quarter of this year, the electrolyte problem is still the problem of Xinzhoubang. The company estimates that during the reporting period, the net profit attributable to the parent company will be 215 to 265 million yuan, a year-on-year decrease of 57.98% to 48.20%; The profit was 200 to 250 million yuan, a year-on-year decrease of 60.34% to 50.40%. The decline in Xinzhoubang's performance is mainly due to the lower-than-expected shipments of battery chemicals, and a sharp drop in the price of professional electrolyte products year-on-year; while the market demand for organic fluorine chemicals is strong, and sales have grown rapidly.
By the first quarter of 2023, the net profit of Xinzhoubang in the past four quarters will decline by 3.91%, 10.98%, 27.85%, and 31.96% respectively. Calculated based on the lower limit of the forecasted net profit in the first quarter, the decline in the gross profit margin in a single quarter continued to expand.