Half Of The Annual Reports Of 533 Companies Predict The "Sprint" Part Of The B Transfer Assets "Sprint" Performance.

There are two weeks left in 2019, and many A share companies have already made an early warning of their annual performance.

Twenty-first Century economic report reporters statistics Wind data found that as of December 16th closing, a total of 533 A companies around the 2019 annual report changes in profit warning.

Reporter statistics found that the 2019 annual report positive signals (including losses, slightly increased, inflated, four categories of advance) of the total number of listed companies total 266, accounting for nearly half of the total number of issued annual performance warning companies.

In addition, the annual performance of up to 95 companies in 2019 showed "uncertainty" in the early warning information, accounting for 17.18%, which is significantly higher than the same period last year.

In the industry's view, uncertainty in the macroeconomic and some sectors is expected, as well as the sprint performance of some listed companies at the end of the year, such as asset disposal and resale, prompting some listed companies to further enhance their performance uncertainty in the coming year.

"Positive signals"

Nearly half of the listed companies are expected to further improve their performance in 2019.

In twenty-first Century, according to Wind statistics, a total of 266 listed companies' annual performance forecasts in 2019 showed positive signals, including losses, a slight increase, continued earnings and four increases in advance, accounting for 48.10% of the total annual performance of all listed companies.

Statistics show that the number of turnaround families is 71, and the number of surplus families is 8, with a slight increase of 65. The number of forecasted households is up to 122, accounting for 22.89% of the total number of companies predicted in 2019.

The forecast performance of the 122 listed companies is "pre increase", while the performance prediction of not less than 59 listed companies has increased by more than 100%. Of the three companies on Saturday (002291.SZ), 002367.SZ and 603315.SH, the expected net profit growth is expected to exceed 10 times.

The strong growth of some listed companies is related to the appreciation of goodwill gained from mergers and acquisitions. For example, in the first three quarters of this year, the net profit growth has reached 4 times. On Saturday, some of its profits came from the acquisition of Hangzhou remote network technology Co. Ltd., and the goodwill on Saturday increased nearly 4 times compared with the same period last year. The goodwill balance increased from 361 million yuan at the end of last year to 1 billion 727 million yuan at the end of September this year.

"The performance of some listed companies is thickened from M & a goodwill, but this profit is often lacking in sustainability." A listed brokerage firm in Beijing admits, "but if it is a good project to start buying at the end of the year, its performance has also been fulfilled. It is easy to see this phenomenon."

However, the increase in the number of listed companies still comes from the improvement of fundamentals. For example, the annual net profit growth of Kang Li elevator is expected to be 14 times to 15 times the annual net profit in 2019. The reason for the change comes from the increase in the conversion rate of hand orders, the increase in operating income, the increase in scale effect, the strengthening of sales and marketing management, the cost control and the stable price of raw materials, and a slight recovery in gross profit margin.

In terms of industry distribution, the number of Listed Companies in computer communication and other electronic equipment manufacturing industry is the largest, up to 16, and chemical raw materials and chemical products manufacturing, electrical machinery and equipment manufacturing have 13 and 11 respectively.

"Under the concept of Sino US trade, some domestic alternative markets for electronic communications are emerging, which may be related to the changing background of the whole industry." An electronics analyst at a brokerage firm in Shanghai said.

Statistics show that there are not pessimistic expectations such as first deficit, continued deficit, pre reduction and slight reduction in the performance prediction of not less than 191 listed companies, of which 91 companies are forecast to be the first to lose, accounting for 17.07% of the total number of forecasters; the industry distribution, electrical machinery manufacturing and automobile manufacturing industry become the two industries that the first loss enterprises are doing.

"The first loss of more companies is due to fundamental pressure and weak growth in specific sectors such as automobiles, and the pressure will be increased at the corporate level," he said. A strategist from a large brokerage firm in Beijing admitted.

"Uncertainty" worries about heating up

While nearly half of the companies show optimistic signals, the profit and loss expectations of some listed companies have become more obscure.

In twenty-first Century, the economic report reporters statistics Wind data found that as many as 95 companies' annual performance in 2019 showed "uncertainty" in early warning information, accounting for 17.18%.

21 world economic report reporters also found that at the end of last year, a total of 2529 listed companies, on the basis of annual performance forecasts for 2018, were marked as 23 companies with uncertain performance, accounting for only 0.91%, which means that the current listed companies are unable to predict the total performance of the year, which is 18.88 times higher than that of last year.

"The performance is difficult to predict, to a large extent, whether the accounts receivable can be recovered, and whether some incomes can be confirmed." A four largest accounting firm in Beijing said.

With the increase of profit uncertainty, many listed companies are taking measures to transfer assets at the end of the year.

In December 14th, the East tantalum industry announced that it would transfer the 11 suite real estate of Building 2 of the thousand crane homestead in Beijing. The total assessed price was 87 million 566 thousand and 900 yuan, with an average of nearly 8 million yuan per suite, and the East tantalum industry thought that the current disposal would be 30 million yuan.

On the same day, Kang Zhi pharmaceutical announced that part of the property of Hong Kong and Macao Arts crafts emporium in Xiuying Yong Wan Industrial Zone in Haikou, Haikou, was estimated to be worth about 45 million 170 thousand yuan. On the same day, the Fourth Ring bio also announced that its wholly owned subsidiary intends to transfer the contracted forest land use right and transfer the amount to 171 million yuan, so as to improve the company's financial position. According to Wind statistics, since December this year, there are not less than 9 listed companies intend to sell their properties, covering an area of nearly 30 thousand square meters, with a total estimated price of more than 600 million yuan.

"Some companies are trying to sprint the year-end performance through asset disposal, divestiture, and more revenue recognition." "But at the end of the year, this kind of action is often very uncertain," he said. "In the end, it does not necessarily translate into the recognition of the year's performance." this further exacerbates the uncertainty. "Beijing," he said.

But in their view, the transfer of assets by some companies will also bring some positive effects on their long-term performance.

"Under the pressure of deleveraging, some companies are having difficulties in capital turnover. At this time, the transfer can play a role in thickening the current profits. On the other hand, it can also optimize the financial statements and improve the liquidity ratio, which helps companies improve their operational governance capabilities and reduce the financial risks of some listed companies." The Secretary said frankly.