129771661621250000_32The Red magazine reporter Liu Zenglu at present, 2011 annual report is in full swing, 2012 although the results for the first quarter of the year has not yet been formally "unveiled", but many companies have started to publish announcements in advance. Bodies adjacent to earnings downgrade by statistics, as of March 22, completed two cities 2011 annual report disclosureA-share companies total 672. From the perspective of published data, 672 2011 the overall implementation of the company's main revenue of $, realizing $ 257.197 billion net profit attributed to the parent company as a whole, a 2010 year over year growth and 28.42%, respectively. Statistics from our more recent quarter 2011Performance, excluding the absence of comparable data exchange shares, jiangnanjiajie, four-quarters one-quarter of the 670 companies specializing in revenue and net profit realized $ 89.959 billion, and $ respectively, compared to the third quarter rose, 12.09%. Has published annual reports shows that in 2011 and the four quarters of the year a-share listed companiesRecord either up or a ring is achieve good growth. But there are only one-fourth company annual report, it was not sufficient to reflect the overall view of the listed companies. Early in the third quarter of last year and began a number of institutions have lowered the performance expectations of a share company in 2011 or even 2012. According to the wanguo (microblogging), CITIC Securities, Galaxy securities agency sentencedBroken, 2011 annual profit growth basic 15%~18%, and once it does so, 2011 will be the addition to the 2008 annual results grew the weakest of the year (see table 1). In addition, Galaxy securities also determine 2012 performance per cent growth to decline to 4.1% a share in the first quarter, earnings growth for the year 2012 is also only 15% (See table 2). This is the body lowered earnings expectations continued, there are a number of listed companies, especially small and gem of a performance increase but the company than large organizations performance expectations are low. In addition worth noting is, from the historical data from the situation, over the four quarters are always in the middle of a listed company's performance fell a faster cycle (seeTable 3). In 2006, after the a-share market stock, 2008, 2010, and 2011 is out of the downward trend of the year. 2008 and 2010 a-share market side down, four quarters of the year star 23 level 19 and 6 per cent respectively in the industry sector's net profits fell, 2011 results for the quarter fell compared to the trend of 2010 years is likely to be no less.����Especially food travel, transportation, electronics, utilities, financial services, light manufacturing, electronics, and other plate of four quarterly sequential decline faster, as subsequent annual reports are revealed and the industry as a whole continued to worsen the trend is by no means not impossible. Growth of small stocks worrying four-quarter in the first quarter performance was "Xia"Is the probability of the event, on the other hand is a-share market over the first-quarter performance tends to always" up ". Although tit 2012 quarter has not been officially disclosed, but there are 159 companies announced first quarter results expected in advance. (Pre-production, increased slightly, and turnarounds, continued surplus) companies totaling 112, worry (subtraction, reduction, the first lossLoss, renewal) company totals 47, Hi Top 70% companies accounted for (see table 4). But gave no specific losses of China's aluminum industry and electronic, medicine, pharmaceutical Mei Ansen, 12 the company results for the first quarter of the year 2011 and the remaining 146 companies to notice to increase statistics, 2012 net profit in the first quarter of the year as a whole rose 15.33%~41.86%. Expected to look beautiful, but announces first quarter results notice less than all shares of the company 10%, and mostly small companies or gem. Market end of China's economy is expected to see only one or two quarters, so 2012 listing the company's overall performance in the first quarter is expected to be per cent growth reduced significantly or even decline. Statistics show thatCurrently published announcements in stock, small company 50, 100 gem company, while the Board company only has 9. Classification statistics, 9 boards company, but not comparable to Chinalco, increase in the rest of the company's earnings in the first quarter of this year to 177.32%~217.59%. 100 gem company, excluding year 2011Data of 12, while the remaining 88 per cent increase in net profit for the company 9.62%~28.53%. Comparison, small and the "sad reminder", 50 companies currently published notices that an -39.26%~-11.32% fall is expected. Observation of changes in this notice of 50 small companies also shows that total company 23Home, worried company totaling 27, has slightly more pre-worry. Secondary healthcare reform to create medical unit based on previous historical data and statistics in the spring, due to cyclical changes in different industries, ferrous metals, information equipment, mining, chemical industry 4 plates in the probability of a decline in a quarter the most, 2006 ~2011 year 6 reporting period is 3 times the netOverall profits fell. The so-called "see and understand the whole picture", according to published results we expect changes to projections of industry in the first quarter. But since now published a number of quarterly announcements of the companies are small, distribution spread, most companies do not have representation. Large performance drop probability in the industry, chlor-alkali chemical sector only industry leading strand in ThailandChemical release announcements in advance, said first-quarter sales of PVC resin off-season, Thailand chemical expects net profit fell 80%~96%. In addition, although not leading, but belong to the chlor-alkali sector days notice in advance of the original group of companies-~-7500 $ 85 million yuan in losses for the first time. In addition to the chemical unit, electronics industryLEYBOLD hi-touch screen under the leading enterprises are also due to sharp increase in labor costs, growing increasingly competitive market new manufacturers worry-published pre-announcement.����Similar there is transported along with electronics. From the company has published a quarterly bulletin, the industry has not yet appeared with a representative of leading stocks. But it is worth mentioning that, achievements and problems of the secondary industry of traditional Chinese medicine unitDivision number 13 and 3, respectively
diablo 3 power leveling, of overwhelming strength. 2008 ~2010 year, pharmaceutical sector as a whole yields beat CSI 300, but beginning in 2011, pharmaceutical stocks overvalued and countries limit negative factors such as the impact of policies, by 29.27% for the year. Since the beginning of this year, pharmaceutical stocks rose 4.84%Sites still run lose in the market (the composite index rise over the same period 8.02%). With the adjustment of stock prices, current plate overall 29.82 times times more dynamic on the low level of price/earnings ratios is essential in industry. And with the State Council in the March 21 issue of the "Twelve-Five" during the deepening of the notice of the medical and health system planning and the implementation of programmes, national healthcare reform has entered the Sham Shui Po District, 12Five new drug will continue to focus on health care, based on health reform as well as policy on public hospital reform in three main line, push, break through the high quality enterprise will succeed. Plates of the highest rate of increase in Shu Taishen now, due to the increase in revenue per cent is expected to grow 185%~215%
swtor credits, Tomson times kin (micro-blogging) and four-loop bio-increased rates in excess of 100% (see table 5)�� Various subsidy of growth, acquisition of the popular statistics show
tera gold, has already announced its results for the first quarter of 2012 compared pre-112 companies, 81 increased more than 30%, increased more than 56 50%, hailunzhe, Super technology, such as 26 companies is expected to grow by more than 100% (see table 6). Observation on growth of these companiesReasons found that most of the company's steady growth for their own operational performance. Is currently pre-hailunzhe with the highest increase rate, notice that is clear that the main reason for the rise in net profit as revenues continue to grow. But even if the main growth is mainstream, is also part of the company's growth in the market is a "non-mainstream". First, Government subsidies, electronic notice, 2012First-quarter net profits rose 72.73%~95.45%, earning about $ 3.8 million ~430 million, which includes a government subsidy of $ 1.1 million. Cheng Yun shares, similar to the southern power company growth has benefited from government subsidies. Followed by consolidation project changes, Dragon group, Ching Chung shares were acquired during the reporting periodHis company, enabling significant non-operating income.����Furthermore is the low base in the same period, although the network science and technology pre-140%~170% increase in the first quarter, but mainly due to the 2011 due to a low base in the same period, growth is a lack of stability. Performance continues to grow, from the big companies can look forward to increasing non-key factors in income, even by virtue of the main increaseLong, a sudden outbreak of results for the reporting period is also a certain risk, and if growth continued for many years with the security umbrella. Statistical results for the first quarter of the current company, among which there are 71 2006 ~2011 5 of the annual reporting period to achieve a sustainable growth (2006, 2007, less than 5 years after the listing of the companyPeriod, but after the listed results achieved sustained annual growth), 28 companies to achieve a sustained growth of more than 20%, such as the young, such as agriculture and animal husbandry, ruiqi shares over the growth and stability, and again in the first quarter of this year, and moderate current earnings levels also companies, future investment margin of safety is clearly relatively high (see table 7). 2011 public listingSINA Division annual report statement: this message is reprinted from Sina media partners, SINA posted this article for the purpose of passing more information, does not mean to endorse their views or confirm the description. Article content is for informational purposes only and does not constitute investment advice. Investor operations accordingly, at your own risk.
Others:
没有评论:
发表评论