Three Indicators Comb Annual Report &Nbsp; Five Industry Hidden Transformation Opportunities

In fact, many of our country Economic indicators There has been some signs of decline, and the slowdown effect of the real economy is beginning to show. Among them, the industrial added value increased by 11.4% over the same period last year, down 1.4 percentage points compared with last December, and the total investment in fixed assets increased by 21.5% over the same period last year, down 2.3 percentage points compared with that of last year; the total retail sales of social consumer goods dropped 3.4 percentage points to 14.7%; the electricity consumption data in 1-2 months dropped by nearly 6 percentage points compared with the same period last year.

In the context of economic restructuring and the slowing down of the real economy, how will the annual reports of listed companies be reflected? What industries will usher in greater development in the economic transformation? Securities daily statistics show that, when the deadline is finished, 534 companies in Shanghai and Shenzhen two cities have disclosed the annual reports. This edition combs the annual financial statements from three major financial indicators, such as cash flow, asset liability ratio and product inventory turnover rate, and explores investment opportunities in the economic restructuring of food and beverage, catering and tourism, agriculture, forestry, animal husbandry and fishery, information equipment, commercial trade and other related industries.

　　 5% of the assets and liabilities of the company decreased by three, and the business environment of the industry has improved significantly.

This market research center and financial statistics show that in the 534 companies that have published annual reports, 2011 of assets. Debt ratio Compared with the previous year, there were 282 down, accounting for 52.81%, indicating that the level of protection of creditors' rights and interests of enterprise assets is rising, and the long-term solvency of enterprises is enhanced.

From the specific industry perspective, catering and tourism, agriculture, forestry, animal husbandry, fishery, information equipment and other three industries listed company asset liability ratio decreased accounted for the top.

First of all, statistics show that 7 restaurants and tourism companies announced the annual report, and the liabilities ratio of 6 companies decreased significantly, accounting for 85.71%. Among them, ST 07 (000007), Mount Emei A (000888), Quanjude (002186) in 2011, asset liability ratio fell 90.51%, 7.60% and 4.56%, respectively.

In the government work report, expanding domestic demand and promoting consumption as an important strategy to promote the sustained development of China's economy, as well as adjusting the distribution pattern, increasing the income level of residents, and promoting paid vacation, have provided sufficient and necessary conditions for promoting tourism consumption, and the vigorous development of the tourism industry this year can be expected.

Based on the firm confidence in the sustained growth of tourism industry, the larger growth potential of tourism in the stage of consumption upgrading, and the more effective policy support for the industry, state securities (600109) continued to maintain its investment rating on the industry's "overweight", and adjusted the investment priorities of the company as follows: Mount Emei, CYTS (600138), Mount Huangshan tourism (600054), China National Tourism (601888), Lijiang tourism (002033), Songcheng share (300144), tri cable Road (002159), Guilin tourism (000978), xiangeqing (002306) and ST Zhangjiajie (000430).

Secondly, statistics show that 16 agriculture, forestry, animal husbandry and fishery companies have published annual reports, and the liabilities ratio of 12 companies has dropped significantly, accounting for 75%. Among them, Lang yuan shares (300175), Sheng Nong development (002299), and Yisheng shares (002458) in 2011, asset liability ratio decreased by 35.69%, 18.15% and 13.08%, respectively.

The League of nations Securities believes that in this year's "two sessions" issue, agriculture, forestry, animal husbandry and fisheries are still popular, coupled with the launch of the "Document No. 1". In fact, agriculture, rural areas and farmers have always been supported and concerned by the policy. Recently, the State Council issued the "12th Five-Year plan" for the development of modern agriculture in China. It clearly stated that during the "12th Five-Year" period, the modern crop seed industry will be vigorously developed, and the modern seed industry project should be implemented to establish the seed industry development fund. The plan proposes that we should support the development of leading enterprises in agricultural industrialization and encourage mergers and acquisitions.

Third, statistical data show that 15 information equipment companies announced annual reports, and 11 companies' asset liability ratio decreased significantly, accounting for 73.33%. Among them, zhonghaida (300177), Zhongtian Technology (600522), and trust Taifeng (000034) in 2011, the asset liability ratio decreased by 30.39%, 16.24% and 6.12%, respectively.

The "12th Five-Year" period is China. Industrial transformation During the upgrading period, industrial transformation and upgrading will be accelerated. Informatization, as an important part of independent innovation of technological innovation, plays a prominent role in promoting the transformation and upgrading of industries. The widening of the scope of integration of the two technologies and the deepening of integration will promote the application of information technology in depth, and will enhance the application level of information technology in major industries and large and medium-sized enterprises, and provide more development space and growth prospects for the information industry. The next generation Internet development strategy plan will be announced. The plan specifies the specific development requirements of the next generation Internet during the "12th Five-Year" period. The state will increase investment in IPv6 related fields, and relevant ministries and commissions have also begun to formulate specific supporting policies. According to the plan, it is estimated that in the next few years, special investment in the core links such as operators, private networks, applications, website transition and key equipment industrialization will be expected to reach the scale of more than ten billion.

In addition to the above industries, the asset liability ratio of real estate, mining, textile and clothing, financial services and other industries has dropped significantly, accounting for more than 60% of the total number of households. Although there are quite a few companies in some industries, the overall asset liability ratio is relatively small. For example, there are 87 machinery and equipment industries, but the asset liability ratio has fallen by only 44, accounting for 50.57%, and 62 of the chemical industry, but the asset liability ratio has fallen by only 28, accounting for only 45.16%. There are 22 building and building materials, but the asset liability ratio has fallen by only 10, accounting for only 45.45%.