A Quarterly Report Of Listed Companies Under The Epidemic: Business Prematurity, Less Than 50% Transportation, Textile Or The Most Injured

With the end of March, the first quarter earnings forecast also entered a period of intensive disclosure.

Eastern wealth Choice data show that as of March 30th, 152 listed companies disclosed the first quarter results announcement in 2020. Affected by the epidemic, the normal operation of a large number of listed companies was hindered. The announcement in the first quarter revealed the corner of the A stock listed company's "survival status".

In twenty-first Century, the economic report reporters collate Choice data, and found that among these listed companies, the total number of enterprises whose performance increased and losses turned into business accounted for 75, accounting for 49.34%, the total number of listed companies that were pre reduced by 38, and the total number of deficit enterprises totaling 27 (22 of them were the first ones), and the listed companies whose earnings and earnings were uncertain were 10 and 2 respectively.

In the Quarterly Bulletin of listed companies where performance or health changed, most of them referred to the "epidemic" drag. 75 companies excluding performance prejokings and 4 companies that did not disclose the causes of changes in performance in detail, 68 of the remaining 78 enterprises mentioned the impact of the new crown pneumonia epidemic, accounting for up to 87.18%.

Textile, clothing and transportation will be restricted by the stagnation of foreign trade activities under the spread of overseas epidemic. - Gan Jun photo

Game medicine is a good start.

Under the impact of the epidemic, a large number of listed companies resumed their businesses and resumed production operations. However, in twenty-first Century, the economic news reporter noted that in the first quarter of 2020, some enterprises still carried downward pressure and welcomed the "good start" in their performance.

According to Choice data, the 75 listed companies whose performance is prejoking (pre increase and turnaround) is mainly concentrated in pharmaceutical, biological, chemical, electronic and other industries represented by chemicals, with 12, 12, and 10 listed companies having the same performance. In addition, the game oriented media sector has also achieved good results.

Up to now, the first quarter net profit growth and growth rate is the highest in Yuexiu gold control, because the financial leasing business performance significantly increased compared with the same period last year, and the non recurring gains and losses after the divest of Guangzhou securities and other reasons, Yuexiu gold control expects the first quarter of 2020, the net profit attributable to shareholders of listed companies increased 1146% to 1182% over the same period, and the profit range was 3 billion 445 million yuan to 3 billion 545 million. Yuan.

The second largest in scale is Heng Yi petrochemical, which expects the net profit in the first quarter of 2020 to be 650 million yuan -8 billion yuan, up by 53.52%-88.95% over the same period last year. The main reasons for the growth include the "marked increase in the profitability of polyester products" and the "Brunei refinery project's new contribution".

In March 30th, in twenty-first Century, the economic report reporter telephoned the Hengyi Petrochemical securities department as an investor, and the operator told reporters that the company's competitive advantage is still relatively obvious, and the impact of the epidemic is not great.

"Refining and chemical projects, we have made some technical changes and readjustment of product mix according to market conditions, and we have also done some hedging work. 80% of the refined oil is sold to Brunei in accordance with the market price, and there is a bottom income. As the national strategic reserve, the crude oil market turbulence is the first to reduce the cost of raw materials. Even if the finished oil may also slide, it will eventually be profitable. Moreover, the Brunei project crude oil we have signed the CIF settlement mode with the suppliers, which is also the reason for the better quarterly results. One of them. " The conductor pointed out.

In the polyester terminal (product), the wiring personnel said: "the price of raw materials will lead to the expansion of the price difference of polyester. In the demand side, the next country may introduce some policies to promote consumption. We also see that many businesses are selling through the Internet. There are still some basic consumer demands. The company also has some customers who have been working all the year round, and the company has excellent quality in terms of cost and product quality. The competition is very competitive. "

In addition, whether the new crown pneumonia epidemic will affect the production of Brunei project in Southeast Asia, the connection officer replied, "the current public data is Brunei also has some infection cases, but our project (location) Damour island is separated from the land. When the Spring Festival broke out just before the Spring Festival in Wuhan, we had taken measures in Brunei (such as the company). Warm and wear masks. Some local employees can work at home as the case is, and they need to work outside the island.

In addition to the enterprises that have achieved remarkable results and are in the boom cycle, such as Hengyi Petrochemical Company, in twenty-first Century, economic news reporters noted that some of the companies that made the first quarter earnings were significantly benefited from the epidemic, such as games, medicine and other industries.

Of the top five listed companies in the first quarter of 2020, two belong to the game industry, and Kunlun world wide expects to profit from 507 million yuan to 602 million yuan, up 33.7% to 58.7% over the previous year. The tourism network is expected to earn 311 million yuan to 346 million yuan, up 80% to 100% over the previous year.

With the growth of demand for products during the epidemic period, the former expects profits of 36 million 544 thousand and 800 yuan to 44 million 665 thousand and 800 yuan, up 170% to 230% over the previous year, while the latter expects profits to be between 9 million 925 thousand and 100 yuan and 11 million 278 thousand and 500 yuan, up 120% to 150% over the previous year.

"There are mainly two types of companies that maintain positive growth in the first quarter: one is the upstream companies in the industry chain, and the other is the weakening of demand, and the delay in transmission to upstream, such as typical consumer electronics. Two, companies that benefit from the epidemic, such as typical games, computers, medicine and selected companies. Tianfeng securities Strategy Analyst Xu Biao said.

Transport or textile or heavy casualties

While some listed companies are in an adverse trend, a large number of enterprises have failed to get rid of the epidemic.

Up to now, 57 of the 65 listed companies that disclose pre reduction or loss have mentioned the negative effects of the epidemic on the company.

The top five listed companies with the biggest losses are radio and TV metrology, Beijing CREE, Hunan gold, Ding Han technology, and snow Di lung, which come from professional and technical services, electrical equipment manufacturing, non-ferrous metals, electrical equipment manufacturing, environmental protection engineering services and other larger assets and more traditional industries. Chain remanufacturing, logistics and so on.

It is less than six months after landing A shares. According to the company's disclosure, the company's new customers suffered from the outbreak of new coronavirus, and their customers resumed production and delayed production, traffic restrictions and other factors. The company's operating income in 2020 decreased from 1-3 in the same period last year. The first quarter of 2020 was expected to lose 0.9-1.3 billion yuan.

However, with the gradual control of the new coronavirus epidemic situation and accelerating the resumption of production and resumption of production throughout the country, the metering business and order of the broadcasting and television industry have gradually returned to normal, and the stable cooperation of key customers is expected to achieve profitability in the month of March 2020. The company's market operation will continue to improve.

People from the Ministry of radio and TV metrology and securities department pointed out to reporters who called on investors. "Apart from Wuhan, other parts of the company have returned to work, and the situation is also normal, with a turnover rate of around 90%. The first quarter was originally the company's off-season, and business income came mainly from the second half of the year. Our net profit last year was also a loss.

Whether the epidemic will impact on the whole year's business in 2020, the Securities Department said it would take public information as the criterion.

In fact, this is just the corner of A shares. According to the agency's prediction, it is generally believed that the most affected sectors are in the sectors of nonferrous metals, textiles, transportation, trade, entertainment and so on. But at present, there are not many enterprises that disclose quarterly results in these sectors. According to the incomplete statistics of journalists, there are no more than 12.

Ping An Securities strategy team pointed out: "the first quarter losses are difficult to make up and repair the industries that are severely restricted by the epidemic. Non-ferrous metals, oil or the pessimistic expectations of the global macroeconomic downturn, textile and clothing, transportation will be restrained by the spread of foreign trade under the spread of foreign diseases, and the first quarter of the first quarter will be affected by the isolation of the leisure services, the media, and the limited flow of people. Lost or irreparable.

In addition, there are still some industries, although the first quarter earnings to explore, but the subsequent benefit from policy overweight is expected to repair faster.

"Coal, steel, building materials and construction machinery or benefit from infrastructure efforts, the automotive industry is expected to stimulate the low consumption of consumer incentives to restore." Ping An Securities strategy team said.

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