The Growth Enterprise Market "Decelerated" &Nbsp; More Than 30% Companies' Performance Was Pre Cut.

As of 25 days, 176 listed companies in Shanghai and Shenzhen two cities issued the first quarter results announcement in 2012, of which 114 listed companies increased their performance in advance, accounting for 64.7% of the company's earnings announcement. The performance board, which has always been regarded as a "high growth", is disappointing. In the company that has issued notice, there are about 1/3 companies' performance. Pre reduction 。

How will quarterly reports of listed companies be listed? Qilu Securities analyst Liu Baomin told reporters that as the economy rebounded, a quarterly report would rebound.

Increased or narrowed by more than 60%

In the list of listed companies with increased performance, *ST zinc power (002114), Hai Lun zhe (300201), ultra China Technology (002288) and trimer environmental protection (300072) are eye-catching. Its expected performance has increased by more than 300% over the same period last year, ranking the forefront of the A share market.

The same as the *ST zinc electricity (002114) high growth rate of losses, as the largest listed company in Shandong has been announced the largest increase in the number of electronic products (002339) in 2012, a quarterly report is expected to increase by 100%-224.8%, net profit will be negative to positive. In response, the company said that the two major sectors of power automation and utility automation are better performing, and the turnaround of performance is also expected.

According to statistics, in the province of Shandong, as of 22 days, 7 listed companies announced the first quarter performance notice, of which 6 of the listed companies such as integrable electronics, GoerTek acoustics (002241) increased their performance, and Yanggu Huatai (300121) lost their performance.

Among the listed companies, the Tianyuan Group (002386), Ilip (002260) and Yunnan tourism (002059) are among the top three in the list, with the largest expected decline of more than 300%. Among them, Yunnan tourism (002059) notice the biggest change in net profit margin was 5 million yuan loss, a year-on-year decline of 458.96%.

Reporters noted that despite the growth of many listed companies, its growth rate has dropped sharply compared with the same period last year. Among them, three dimensional silk (300056), Songcheng shares (300144) and Yiwei Li Li (300014) are expected to increase by 20%-40%, 18% and 30% respectively, far below the growth rate of 999%, 289% and 150% in the same period last year.

Growth enterprise market slowdown

It is noteworthy that GEM companies accounted for a small proportion of the companies predicting the year-on-year decline in the first quarter of this year. According to the statistics of the guide reporters, 18 of the 53 listed companies whose performance was pre cut were from the gem, accounting for 34%.

Among them, there is no lack of GEM listed just last year. Sunshine power (300274) officially entered the gem last November 2nd. Its first quarterly report disclosed a net profit of about 16 million 55 thousand and 200 -2064.24 million yuan, a decrease of about 30%-10% compared with the same period last year.

Not only is the sun power supply, including 7 of the 300209 listed companies, expected to decline in performance, but the drop is generally within 50%. In June last year, the maximum performance of the software company, 300229, was 96.5%, and its net profit was only 100 thousand -70 yuan.

As the only publicly listed company in Shandong, the performance of Yanggu Huatai is not satisfactory. It is estimated that only 3 million 902 thousand and 900 -515.18 million yuan net profit will be expected in the first quarter of 2012, representing an increase or decrease of -20%-10% compared with the same period last year.

In fact, the performance of Yanggu Huatai has been underperforming since its listing in September 2010. Its annual report 2011 showed that the net profit attributable to shareholders of listed companies last year was about 15 million 451 thousand and 700 yuan, down 46.38% from 2010.

Performance or "rebound"

From the specific industry, it has been released. Performance forecast The company mainly concentrates on five industries, such as medical and biological, mechanical equipment, information service, chemical and electronic industries. Among them, pharmaceutical and biological companies are expected to perform well, and the profits of steel, petrochemical, real estate and machinery industries are expected to decline.

" Listed company There is a certain relationship between the performance and the industry cycle. The industry cycle is also influenced by many factors, such as the domestic and international economic environment. For example, the real estate industry profits and national macro policies have a great relationship with the regulation of the real estate market. Liu Baomin said.

For the overall trend of this year's quarterly report, Liu Baomin believes that the impact of the external economic downturn, a quarterly decline is also expected. Data released by the Ministry of Finance showed that total profits of state-owned enterprises totaled 363 billion 500 million yuan in 1-2 months, down 10.9% from the same period last year. Haitong Securities (600837) strategy analyst Wu Yiping said that the above data provide a forerunner hint for quarterly performance, which means that the profitability of listed companies other than banks will not be ideal.

"However, with the arrival of various industrial policies and support policies, the company's performance has rebounded." Liu Baomin said.

The reporter understands that this year, the focus of the government's work will be tilted to the people's livelihood. Food, tourism, business chains and electronic information will benefit from the expansion of domestic demand, especially in tourism and commercial chains.