Face Mask Enterprises In The Newspaper Market: Performance Soars, Share Prices Ride "Roller Coaster" Industry Prosperity Differentiation

In the first half of 2020, affected by the epidemic situation, the export cap concept stocks were derived. According to Southwest Securities statistics, as of July 23, there were 144 A-share and B-share masks. Among them, there are also cross-border enterprises that are not related to the mask business before, such as Gree Electric appliances and BYD. Among them, some mask related enterprises have also benefited from the overseas epidemic. For example, California governor Gavin Newson recently said that it would expand a contract with BYD of China to order 420 million masks on the basis of 500 million masks already ordered.

A number of listed companies released the first half of the year's performance forecasts, including masks in the internal division of medical protection products, the performance of enterprises was very good, but at the same time, some enterprises suffered serious losses. According to the mask concept component stocks under Wande caliber, more than half of the listed companies have issued interim report performance forecast in 2020, and only 4 of the 22 enterprises show negative growth. Among them, Yangpu medical is expected to increase its net profit by 590% - 620% in the first half of the year.

However, as China enters the stage of normalized prevention and control of the epidemic situation, the industrial prosperity has also undergone a great differentiation. Shi lichen, director of Beijing Dingchen medical management consulting center, pointed out that enterprises that invested in the construction of mask production line in the early stage of the epidemic could make money due to the low prices of raw materials and equipment. Since then, it is impossible for enterprises, especially purely speculative enterprises, to make huge profits. And with the epidemic under control, there is bound to be excess capacity.

A person in charge of a mask manufacturing enterprise in Jiangxi told the 21st century economic report that many mask manufacturers built factories in March and put into production in April. They began to sell poorly in May. They began to consider the transformation of production lines in June and July, and the phenomenon of "chicken feather in one place" may appear in the follow-up.

Cross border selling masks

Affected by the epidemic situation, stimulated by the huge demand at home and abroad, the original traditional mask and related industrial chain enterprises have increased production capacity, while a large number of cross-border enterprises have invested in the mask production chain. BYD, Foxconn, oppo, SAIC general Wuling, Zhongshun jierou, Sanyang underwear, red bean clothing, mercury home textile and other enterprises all joined the "camp" of the mask army.

All of them were engaged in the production of mask in Aowei, Tianpu medical and super medical in the first quarter. The performance of the above-mentioned enterprises in the first half of the year is also good, and the growth rate in the performance forecast is relatively high. For example, the performance of Xinlong holdings in the first half of the year is expected to increase by 2233% to 2995%. It is expected that the growth rate of medical performance will be 2582% to 2864%.

On July 8, Zhende Medical Co., Ltd., a "mask concept stock", issued an annual pre increase announcement for the half year of 2020. The company's half year operating revenue is expected to be 3.738 billion yuan to 3.938 billion yuan, an increase of 2.976 billion yuan to 3.176 billion yuan over the same period of last year, and the net profit increased by 925 million yuan to 955 million yuan compared with the same period of last year.

Since the beginning of this year, the cumulative increase of Zhende medical has exceeded 450%. Especially since June, Zhende medical has continued to climb. On July 21, its stock price soared to a historical high of 86.88 yuan.

According to the performance forecast released by Zhiyun on the evening of July 14, the net profit attributable to shareholders of Listed Companies in the first half of 2020 is expected to be 18.5 million yuan to 23.5 million yuan, and a loss of 62.9736 million yuan in the same period of last year. Thanks to the transformation of mask machine production in the first quarter of 2020, the net profit of Zhiyun shares belonging to shareholders of listed companies was 18.6118 million yuan, and the loss was 39.9381 million yuan in the same period of last year, with a year-on-year increase of 146.60%. Before that, most of them were in the state of loss.

In March, it became a popular item in outdoor mask production. Sanfu outdoor lost money in the first quarter and turned losses into profits in the second quarter, and the overall loss amount in the first half of the year was reduced. In response, Sanfu outdoor said in the interim report that the mask production line did make a certain contribution to the company's overall performance, but it did not disclose whether this was the main reason for the company to turn around losses in the second quarter.

On the evening of July 22, the robot said on the interactive platform of Shenzhen stock exchange that the production line and sales of masks in the first half of 2020 will make a positive contribution to the company's performance.

The concept of Jilin chemical fiber mask is not optimistic.

On the evening of July 14, Jilin chemical fiber issued a performance forecast. It is estimated that in the first half of 2020, the net loss attributable to shareholders of listed companies will be 70 million to 90 million yuan, and the profit in the same period of last year will be 70.7559 million yuan, with a year-on-year decrease of 190.28% to 216.07%. The net profit of the company in the first quarter was 15.48 million yuan, and the loss in the first half of the year was more than 70 million yuan, indicating that the company lost nearly 100 million yuan in the second quarter.

Jilin chemical fiber said that the main reason for the decline in performance was the impact of the epidemic in this period, especially the unexpected development of the epidemic situation in foreign countries, resulting in a sharp decline in the production and sales rate of the company's products.

It is understood that Jilin chemical fiber is mainly engaged in the production and sales of viscose fiber, engaged in the production and research and development of acetic anhydride, is the domestic industry leader.

It is worth noting that during the epidemic period, Jilin chemical fiber became the concept stock of mask due to the production of new bamboo fiber masks, and the share price of Jilin Chemical Fiber Co., Ltd. rose sharply. However, with the successive disclosure of the first quarter report and half year performance forecast, the mask did not become a new business to save the performance of Jilin chemical fiber, even not mentioned in the first quarter report and performance forecast.

Business differentiation

In fact, with the development of the epidemic situation, mask concept stocks also performed the "roller coaster" market.

However, since March, when a large number of companies, including the export of masks, began to stabilize, some companies began to control the export business.

"Many enterprises are rushing into the field of mask production. Most of them set up factories in March and put them into production in April. The unsalable products began to appear in May. In June and July, they began to consider the transformation of production lines. Most of them enter when the price of mask production equipment and raw materials is at the highest, and then sell them at the lowest price. At least, they lose hundreds of thousands of dollars, and most of them lose tens of millions. " The person in charge of the above-mentioned mask enterprises told the 21st century economic report that he was worried that the mask industry would change from "hard to get a mask" to "chicken feather in one place".

In Mr. schlichen's view, overcapacity is inevitable.

According to the reporter, the price of the high price mask has dropped by 1.3% in the 20th century, and the highest price is 1.3% in Beijing.

According to the data of plastic net, at the beginning of May this year, the price per ton of Grade 99 melt blown cloth was more than 700000 yuan, that of grade 95 melt blown cloth was about 680000 yuan, and that of grade 90 melt blown cloth was more than 400000 yuan. In the late May, the price of meltblown cloth dropped rapidly. By the beginning of June, the price per ton of the above three grades of meltblown cloth had dropped to 220000 yuan, 120000 yuan and 30000 yuan respectively, of which the price of grade 90 meltblown cloth decreased by more than 90%.

The mask concept stocks, which had been surging all the way in March, also fell back one after another, and the stock price nearly fell by half. For example, Dow, whose main business is the production of melt blown materials, has set a continuous 17 day limit after the year, which directly raised the stock price from 19.12 yuan per share to a historical high of 62.5 yuan per share. However, on July 23, dawn shares closed at 32.61 yuan per share.

After the Spring Festival, the stock price of water shares began to rise continuously from 19.31 yuan / share, and reached a peak of 44.76 yuan / share on March 9. So far, water shares have fallen more than 1 / 3. As of July 23, the stock price was 28.88 yuan / share.

In fact, the future development prospects of mask concept stocks can also be seen from the semi annual performance forecast of Han's laser. On the evening of July 14, Han's laser released the semi annual performance forecast of 2020. It is estimated that the net profit in the first half of the year will be 607-645 million yuan, with a year-on-year increase of 60% - 70%. The main reason for the rapid increase in performance is the rapid launch of a full range of mask machine products. Since then, the market value of DAQ laser has increased by about 3.3% to 3.7 billion yuan.

Han's laser in this epidemic situation, belongs to the equipment company to respond quickly. On February 17, Han's laser automatic plane one drag two mask machine was officially sold. The original mask machine was developed by Hanshi precision automatic control (HACT), which can produce about 6000 masks per hour, and adjust the running speed and production schedule according to the actual needs. In early June, Han's laser said in an investigation that the number of masks delivered by the company had exceeded 1000, and the production capacity basically returned to normal. However, due to the gradual saturation of domestic mask production capacity, there is still some uncertainty in the subsequent equipment delivery. It is not ruled out that customers who have not yet issued the machine can cancel the order. The excess production capacity of masks may lead to the financial statements of these equipment factories in the second half of the year back to the original form.

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