The First Test Of The Three Quarterly Bulletin Of The Science And Technology Board: New Energy And IC Performance Leader

The first three quarterly report cards have been handed out for the first time.

As of the evening of October 30th, 40 companies, including 31 companies listed on the 31 day: JP, Zhiyuan, disclosed the quarterly reports or main business data. Data show that the overall performance of the company has achieved rapid growth, operating income and net profit growth rate exceeds 10% simultaneously, and the quality of earnings has steadily improved. The performance of key industries such as integrated circuits, biomedicine, rail transit and new energy has increased to varying degrees and become the backbone of the growth of sector performance. At the same time, the performance of some companies fluctuated, and the phenomenon of performance differentiation began to appear.

In the first three quarters, the total revenue and profit of the Chuang Chuang board company increased by 69 billion 116 million yuan, an increase of 14% compared with the same period last year. Net profit was 8 billion 581 million yuan, up 40% over the same period last year. Nearly 80% of the company's revenue and profits have doubled. Combined with the stock price, as of October 30th, 38 listed companies had no breakage, and the share price had dropped to varying degrees with historical highs, but the increase was still impressive.

A brokerage analyst in Shanghai told the twenty-first Century economic news reporter that "with the normalization of the science and technology board and the reduction of investment scarcity, the investment of the science and Technology Board will return to the fundamentals, and the companies with better performance indicators will be more likely to get high returns." The person also said that the company is a technology innovation oriented growth firms, early R & D investment, the performance of large fluctuations is also normal, with the follow-up policy support and R & D technology to cash in, or performance improvement trend.

Performance differentiation

From the perspective of volume, there are two billion scale revenue scale companies, namely, China's total number and voice control holdings. The first three quarters of the year's revenue reached 28 billion 100 million yuan and 16 billion 800 million yuan respectively. From the market value scale, as of October 30th, China's total number was ranked first in 82 billion 700 million yuan market value, and second in the market value of LAN Qi technology reached 67 billion 700 million yuan.

From the perspective of growth, a total of 30 companies have achieved double growth in revenue and net profit. In terms of stocks, Rui chuangna has doubled its revenue and net profit even though its volume is small. In the first three quarters, its revenue was 402 million yuan, and its growth rate reached 133%. Net profit was 101 million yuan, and its growth rate was 143%.

The ranking of net profit growth shows that the first growth rate of the company is 732%. The company is mainly engaged in the design, R & D, production, sales and brand operation of smart terminals with mobile phone as the core. It is the first mobile phone manufacturer in Africa.

Net profit growth ranked second in the micro company, the growth rate of 399%, the company is one of the leading semiconductor equipment industry. Second, cross control technology, the net profit growth rate of 325%; Zhiyuan Internet, platinum power, Jiayuan technology, and so on, and other net profit growth rate is above 100%.

Several families are happy and anxious. In the first three quarters of this year, there were also net profits falling in the enterprises of Chuang Chuang board, and the gap between them was much larger. For example, the technology in the first three quarters of the year achieved a profit of 290 million yuan, down 19% from the same period last year, and realized a net profit of 15 million yuan, down 80% from the same period last year.

Tian Yuan technology is one of the first listed companies in the science and technology innovation industry. It takes machine vision as the core technology and the main product is industrial vision equipment.

For the decline in performance, the explanation is mainly due to seasonal changes in revenue and the income of major customers, apple and its suppliers, than expected.

Although the performance in the first three quarters is not good, for the future market, the technology will still leave room for imagination in the market. According to Tian technology, as of September 30th, the number of orders for goods and hand orders increased by 6.7% and 23.84% respectively over the same period last year. The issuance of goods and in hand orders is expected to be accepted in the fourth quarter and after that.

In addition, Wald and Shenlian bio declined twice in revenues and net profits, but the rate of decline was small. Hot landscape, Hua Xingyuan, hahaisheng branch revenue is growing, net profit has declined to varying degrees.

From the industry perspective, the key industries such as integrated circuits, biomedicine, rail transit and new energy have increased to varying degrees and become the backbone of the company's growth. The new energy industry has the most brilliant performance, operating income of 5 billion 571 million yuan, an increase of 37% over the same period, and a net profit of 804 million yuan, an increase of 44% over the same period last year. The integrated circuit industry, which has attracted much attention, has also performed well. Its operating income and net profit were 6 billion 56 million yuan and 1 billion 323 million yuan respectively, representing an increase of 18% and 35% respectively.

Stock prices return to reason

For the reason of the current profit differentiation of the science and technology innovation board, the economic report reporters combed in twenty-first Century found that first, the reduction of the main customer orders resulted in less revenue than expected, such as the technology of the day. The two reason is that the cost increases due to the expansion of the company's scale. For example, the decline of Wald net profit is mainly due to the increase in sales and management costs. The three is the increase in R & D investment, such as one of the reasons for the decline in net profit of Jing Chen shares, which is to continuously increase R & D investment.

The reason why the market is so concerned about the performance of the company is that analysts generally believe that with the market returning to rationality, the stock fund is reconfigured inside the science and technology board, and the board is beginning to return to value.

Judging from the current stock price and performance, there is a certain degree of unity between the rise and fall and the company's performance. For example, South micro medicine, one of the first listed companies, has been tested for three months, and its relative selling price has increased by 222% as of October 30th. Behind the healthy stock price is solid performance. In the first three quarters of South micro medicine, revenue grew by 41.2% and net profit increased by 38.9%.

In addition, the net profit growth of tenth in the micro and micro companies, cross control technology, platinum power, Jiayuan technology are listed on the first list of enterprises, as of now, the stock price relative to the issue price increase 66%-130% interval.

It is worth noting that in twenty-first Century, the business reporter found that the two tier market gave the company a relatively high valuation. For example, South micro medicine, Sano medical care, and pulse medical care increased by about 200%, ranking the top five.

The stock price is indeed the focus of the market, and the reporter further statistics found that the latest price of the 38 companies has been withdrawn from different levels since the latest price of the listed companies. However, as of October 30th, 14 companies in the 38 science and technology innovation enterprises had gone up or down 100% over the issue price, 17 of them rose at 50%-100%, and the lowest was 18%.

This is a side of the market returning to reason. "After experiencing the initial stage of active trading, the stock turnover rate, stock price amplitude and trading volume were stable, and there was little abnormal situation in the short period of time. The issuance of new shares is also basically normalized. " CITIC Securities chief economist Zhang Anyuan pointed out.

He believes that the evaluation criteria for the success of the science and technology board is not the short-term performance of the listed company's stock price and volume, but should be measured in a longer time dimension.

China and Thailand Securities Research Report believes that in the environment of gradually decreasing scarcity, solid fundamentals reflect the "gold content" of science and technology enterprises, and also the cornerstone for the stable development of the science and technology market.