The 50 "Gain King" Outlines A Shares "Structural Cattle Ecology": Who Will Be The Winner Of The Technology Stocks And Who Will Pay For The Empty Speculation?

The past and the past are still vivid.

In 2019, we experienced 3288 peaks and 2440 points. When we watched Guizhou Moutai rush to 1240 yuan, we also joined Ge, a "domestic alternative".

Twenty-first Century economic report reporter statistics, in 2019, more than 1500 stocks outperformed the stock market; 2813 stocks were positive changes, accounting for 75%; 249 stocks doubled; split stocks, risk warning stocks a thousand li.

The winner list was released in 2019.

After excluding the new shares listed in 2019, the twenty-first Century economic report screened 50 of the most advanced "bull stocks", trying to decode the "bull" gene. China's software, Wan Ji technology and many other cattle stock enterprises are responsible for communicating with reporters.

What is intriguing is that 50 cattle stocks are different in shape and part of the concept of empty speculation is mixed. Some stocks have fallen.

"In 2020, we need to focus on performance." On January 3rd, Wang Qing, chief executive of Chongyang investment, pointed out that

ETC led the rise

The 50 most cattle stocks belong to the popular sector in 2019, and all kinds of popular concepts such as "ETC", "domestic substitution", "5G", "Li Ziqi", "pork stocks" and "eye health" are all gathered together.

From the perspective of industry distribution, after excluding the IPO of the year, stocks rose by TOP50 in 2019 were mainly distributed in 16 industries. Among them, technology stocks were the biggest winners, and the share of Niu shares in electronic, computer and communication industries occupied 23 seats. Among them, the electronics industry, such as PCB and chips, broke out in 2019, and the results of 14 bull stocks were on the dust.

The surging price of pork has promoted the rise of agriculture, forestry, animal husbandry and fishery industries. Animal husbandry enterprises such as Yisheng Science and technology, animal husbandry stock and Tian Kang are also important seats in the stock market.

Specifically from the performance of individual stocks, in 2019, the winner of the Bull Stock Championship fell to 10000 sets of technology, the annual increase of up to 486.36%, with the ETC marketing boom launched by the year, Wan Ji technology ushered in the high light moment.

In May 2019, the NDRC and the Ministry of transport issued the "implementation plan for speeding up the application of electronic toll collection service on expressway". By the end of 2019, the proportion of ETC used by Expressway vehicles in the provinces reached more than 90%, and the ETC installation rate of vehicles reached more than 80%, and the number of ETC users nationwide exceeded 180 million.

According to the data released by the Ministry of transport, 487 provincial toll booths in 29 networked provinces nationwide have been abolished since January 1, 2020.

In less than nine months, 24588 sets of ETC gantry systems have been completed in the whole country, and 48211 ETC lanes and 11401 sets of freeway weighing and testing systems have been completed. ETC has launched 123 million households with a total of 204 million users.

The ETC spree led by the market has led to a surge in the performance of ETC companies, with the market share ranking the top three technology, and its performance gains are no worse than share price gains. In the first three quarters of 2019, Wan Ji technology achieved a total revenue of 1 billion 129 million yuan, an increase of 183.09% over the same period, and a net profit of 129 million yuan, an increase of 906.14% over the same period last year.

Another ETC leader Jinyi technology also successfully entered the ranks of the first 50 oxen shares, which rose by 313.75% in the year. In the first three quarters of 2019, Jinyi technology company's operating income was 1 billion 251 million yuan, up 270.60% over the same period last year, and the net profit was successfully turned over to 388 million yuan.

It is worth mentioning that, with the Ministry of transport in 2019 to achieve the task, many investors have been worried about the performance of Wan Ji Technology in 2020.

In January 3rd, in twenty-first Century, the economic report reporter telephoned Wan Ji Technology securities department as an investor. The wiring personnel responded by saying: "(the future growth of our space) is a replacement of the stock OBU, there will be tens of millions of stock replacement, and there will be a ETC before 2020, which will become the standard of the new vehicle in the future. The company is talking about cooperation with some manufacturers, and there is no relevant data at present."

It is worth mentioning that, in the view of many investors, the ETC market competition in the future is becoming more and more predictable. But people from Wan Ji Technology Securities Department said, "pre installed ETC will be more expensive than ordinary ETC products now, and profits will be higher than the current ones. This is the company's more valued business. "

Domestic alternative to "mixed up"

On the other side of the A share market, the only way to compete with the ETC concept is "domestic substitution".

In 2019, Sino US trade frictions went through many twists and turns. Although the first phase of the agreement was reached at the end of last year, the repetition has greatly enhanced the importance of the domestic electronic information industry chain, coupled with the accelerated commercial catalysis of 5G, and became the first year of technology stock burst in 2019.

After excluding the 2019 listing of Zhuo Sheng micro market, through the acquisition of Beijing Howie and sibco, it cut into the bursting of CIS market's weir shares, analog chip leader sbon shares, 7 billion 200 million acquisition of Beijing silicon (ISSI) dust settled Beijing Jun, and just completed the semiconductor technology of the world, and the share price rose by 389.56%, 380%, 378.05% and 337.77% respectively during the year.

The basic logic of supporting the above share price rises is based on the vision of the domestic semiconductor industry to achieve domestic substitution. As of the end of January 3rd, the above mentioned enterprises' P / E ratio reached 4732.38 times, 167.01 times, 297.31 times and 136.76 times respectively, while the net profit growth of four enterprises in the first three quarters of 2019 was 65.48%, 65.57%, 212.20% and 421.72% respectively.

A long-term tracking semiconductor industry researchers pointed out: "domestic substitution, technology must be achieved in order to achieve replacement, this is a prerequisite, but from the valuation level, the market valuation is more non performance level, there are some funds, expectations and other angles, the current valuation of how to see, not easy to say."

As a matter of fact, some semiconductor enterprises which have domestic substitutes for space still have a certain degree of achievement in cash, while another market segmentation area, the "domestic alternative" market, has become the concept of empty speculation.

Since HUAWEI announced its research and operation system, Chengmai technology, which originally belonged to the capital market "small and transparent", has soared to the sky. In 2019, it rose by 477.75%, second only to Wan Ji technology. But the fundamentals and growth of Guan Cheng Mai technology are "mediocre".

Public information shows that Chengmai technology was established in 2013, mainly engaged in mobile intelligent terminal industry chain software outsourcing services, the main business of software technology services and solutions research and development and sales.

But since landing in the capital market in 2017, Chengmai's performance has been very dull. According to the third quarter 2019 earnings report, in the first three quarters of 2019, Chengmai technology achieved a profit of 465 million yuan, an increase of 22.52% over the previous year, and a net profit of 5 million 700 thousand yuan, down 41.93% from the same period last year.

But since August 9, 2019, when HUAWEI OS was officially unveiled, Chengmai technology was once considered by the market to be involved in the development of HUAWEI's operating system.

In November 2019, Chengmai technology announced that it would invest in wholly-owned subsidiary of Wuhan Chengmai and increase the capital of Tongxin software, while the latter believed that it had a 45% stake in Wuhan.

It is understood that Wuhan Shenzhen degree has created a full range of operating system software products for HUAWEI TaiShan hardware platform. In view of HUAWEI's Kun Peng platform, three operating system products have been released, and it is said that it will coordinate the three party compatibility evaluation and certification work of "manufacturers + depth + HUAWEI" to help build and perfect the ecosystem of the Kun Peng.

Although Cheng Mai technology has repeatedly said that "the company did not directly participate in the construction of hung Meng system, and did not directly participate in the development of Hong Meng's core technology", HUAWEI's hung Meng system has never been "real", but investors have long been unable to suppress restless enthusiasm.

In January 3rd, the economic report reporters on twenty-first Century called Cheng Mai technology many times, but no one answered.

However, China's software is also being sought after by the market because of its "operating system" business, or the mood of Chengmai technology.

In 2019, China's software share price rose more than 242.90%, but in the first three quarters of 2019, China's software loss was 278 million yuan.

China's software security division has told reporters on the investor's identity: "the development of the company's operating system is mainly focused on the subsidiaries of Tianjin Qilin and the winning bid software. The shareholders' meeting has passed the bid winning software, which will become a subsidiary of Tianjin Qilin. At present, the operating income of the two companies is much larger than before. In terms of business, 2019 is better than before."

However, the reporter did not give an accurate answer to a reporter's question about the company's market share in the operating system and when the company's performance could be thickened.

"Some of the technology stocks are very beautiful. The main reason for the rise is valuation expansion, which reflects the relative optimism of their growth. Such a very good technology stock has not been further confirmed in its performance. In 2020, we need to focus on performance. " Wang Qing, chief executive of Chongyang investment, pointed out.

Speculation is still surging.

It is worth mentioning that, with the stricter regulation and the gradual improvement of the capital market ecology, most investment people tend to pursue enterprises with market space and performance expectations, but there are still some enterprises that won a place in the bull market list with the hype of illusory "positive".

In twenty-first Century, the economic news reporter noted that following the technology of Wan Ji and Chengmai technology, the winner of the "bull market" in 2019 was a listed company of textile and clothing, which is "expected to be unproductive" and "not expected".

Public information shows that the Sino submarine joint stock company is a company that produces marine diving equipment. In 2016 -2018, the company's revenue growth was less than 5%. Net profit after deducting non profits fell for three consecutive years. In the first three quarters of 2019, the net profit of China shares was 20 million 624 thousand and 300 yuan in the first three quarters, up only 0.20% from the same period last year.

Behind the huge growth of the stock price of China Central shares, a whole set of relay speculation has been laid.

In July 2019, the Beihai Stock Exchange announced the purchase of a shell company, which had no operating results at the price of 1 yuan, Hui Yu, in the field of transformation network technology, and then issued a draft plan of stock option incentive plan with a premium of up to 26.68% on the first option plan in September 1, 2019.

In late September 2019, the Sino submarine shares introduced the capital chiefs into wisdom.

It is understood that the original stock company Ping Zhang, Chen Cuiqin and the 24.464% stake in the listed company has been transferred to the wisdom of the Yang, which has been the "A" market "Heroes", "fame" junk shares *ST landscape, *ST has appeared in his appearance, because of the blue tripod International big hand to enter the overseas gambling industry, wisdom is known as "overseas gambling king".

He quickly took control of the shares and acted as the general manager of the company, and again ignited the enthusiasm of investors for the shares.

In September 27, 2019, the Sino submarine shares announced that it would take 1 yuan to acquire Chong Chong Investment and hold 50% stake in Shanghai Zhao Xin. At the same time, the company agreed to increase 15 million 820 thousand yuan in Shanghai's letter, and will hold 51% of its stake after completion. However, like Beihai Hui Yu, Shanghai's recruiting letter is also a shell company with zero assets, zero liabilities and zero revenue.

It is such a hype characteristic that there is no fundamental support for the listed companies. Through the speculation of the two level market, it has become the leading bull market in 2019.

However, the "myth" of the rising stock of China and Japan is cracking.

In November 2019, the blue Ding International announced that the international stake in blue tripod, which was held by wisdom, was taken over by the "winding up King", such as Li Jia en, which means that wisdom may be suspected of being a passive winding up of its shareholding stake due to the explosion of its own debt. DDT Li Jiaen and so on are creditors and managers appointed by the creditors.

Not long after that, Beijing zhe Ying Investment Co., Ltd. (short for "zhe Ying investment") also touched on the line of placards, but failed to fulfill its letter in time to receive the letter from the Shenzhen Stock Exchange. What is worth mentioning is that the time period of zying investment's holdings of the underlying shares is from May 9, 2019 to October 30, 2019, coinciding with the height of the share price of the shares. During the period, the share price of the listed companies increased by 302.06%.

In January 3rd, reporters repeatedly called the Sino submarine stock and securities department, but no one answered.

"Even through the acquisition and introduction of capital bigwigs and other ways to promote speculation, it is mostly speculation and can not last long." A private agency in Southern China has been interviewed.