Nearly 50 companies on the Beijing Stock Exchange “released” annual reports with profits exceeding 90%

Nearly 50 companies on the Beijing Stock Exchange “released” annual reports with profits exceeding 90%


With the arrival of the annual reporting season in the A-share market, companies listed on the Beijing Stock Exchange have handed over their “report cards” for 2023. As of press time on April 1, 48 Beijing Stock Exchange companies have disclosed their 2023 annual reports, of which 46 companies have positive net profits attributable to their parent companies, with profits exceeding 90%.

In 2023, the companies listed on the Beijing Stock Exchange will focus on their main businesses and achieve steady growth, demonstrating the development vitality of innovative small and medium-sized enterprises. Institutional people are generally optimistic about the development resilience of the Beijing Stock Exchange.

  Nearly 60% of companies’ revenue and net profit increased

According to Wind data, as of press time on April 1, 48 Beijing Stock Exchange companies had disclosed their 2023 annual reports, accounting for nearly 20%. Specifically, the 48 Beijing Stock Exchange companies will achieve a total revenue of 24.355 billion yuan in 2023, a year-on-year increase of 16.82%; the total net profit attributable to the parent company will be 2.947 billion yuan, a year-on-year increase of 27.52%. Among them, 28 companies achieved double growth in revenue and net profit attributable to parent companies last year, accounting for nearly 60%.

From the perspective of operating income, 47 of the 48 companies will have revenue of more than 100 million yuan in 2023. Among them, Guanguan Cable, Share Technology and Silane Technology currently rank among the top three, with revenue last year of 2.983 billion yuan, 2.175 billion yuan and 1.121 billion yuan respectively. In addition, the revenue of more than ten companies including Fujitec, Gebijia, and Jinbo Biotechnology exceeded 500 million yuan last year.

Judging from the amount of net profit attributable to the parent company, 46 of the 48 Beijing Stock Exchange companies will have positive net profit attributable to the parent company in 2023, accounting for 98.83%. Among them, 10 companies had net profits attributable to their parent companies exceeding 100 million yuan last year. Silane Technology, Jinbo Biotechnology and CommScope Chemicals temporarily ranked among the top three with net profits attributable to their parent companies of 308 million yuan, 299.8 million yuan and 150 million yuan respectively.

Judging from the year-on-year growth rate of net profits attributable to parent companies, there are currently 31 Beijing Stock Exchange companies achieving positive growth in net profits attributable to parent companies in 2023, accounting for 64.58%. Among them, the net profit attributable to parent companies of 19 companies last year increased by more than 20% year-on-year. There are four companies whose net profit attributable to parent companies will increase by more than 100% year-on-year in 2023, namely 174.60%, 139.99%, 127.37% and 111.73%.

Jinbo Biotech’s net profit attributable to its parent company ranks first in year-on-year growth. The company’s main business is the research and development, production and production of various terminal medical device products and functional skin care products with type A recombinant humanized collagen as the core raw material. Sale. The annual report shows that in 2023, based on the annual business plan, the company’s management led all departments of the company to carry out various tasks in an orderly manner, including but not limited to continuing to increase investment in research and development, actively developing new products, and striving to develop markets, achieving sustainable revenue. growth, further optimization of the asset-liability structure, and significant improvement in profitability, completing the high-quality development of the company’s business. During the reporting period, the company achieved operating income of 780 million yuan, a year-on-year increase of 99.96%; net profit attributable to shareholders of listed companies was 299.8 million yuan, a year-on-year increase of 174.60%.

Photovoltaic welding ribbon leader Tongxiang Technology and the newly listed Gebijia temporarily ranked second and third with year-on-year growth of net profit attributable to the parent company of 139.99% and 127.37% respectively. Regarding performance growth, Tongxiang Technology stated that the main reason was the increase in shipments of downstream components. At the same time, during the reporting period, the company began to supply batches to customers developed in the early stage. The company’s shipments of soldering strips increased and the sales scale continued to expand. Gebijia is a high-tech enterprise engaged in the research, development, manufacturing and sales of optical glass and special functional glass. The company’s special functional glass business has grown rapidly in the past two years. Compared with 2021, the revenue of this business increased by 2624.91% in 2023, of which the product revenue of nanocrystalline glass increased from 2.8639 million yuan to 494.0261 million yuan.

  Nearly 90% of companies have released cash dividend plans

While innovating and developing, companies listed on the Beijing Stock Exchange continue to reward investors through cash dividends. Wind data shows that as of press time, among the companies on the Beijing Stock Exchange that have disclosed annual reports, 42 companies have released dividend plans, accounting for 87.5%. Many companies have released high-proportion dividend plans, and 10 of them have cash dividends. Also transferred shares.

On March 20, Jinbo Biotech disclosed its 2023 annual equity distribution plan announcement, which showed that the company plans to distribute a cash dividend of 10 yuan (including tax) to all shareholders for every 10 shares with undistributed profits; The shares were converted to increase by 3 shares. This equity distribution is expected to distribute a total of 68.086 million yuan in cash dividends and increase the number of 20,425,800 shares. The announcement shows that the company has distributed and plans to distribute a total of 133.297 million yuan in cash dividends in the past three years, accounting for 85.75% of the average annual net profit attributable to shareholders of listed companies in the past three years.

The 2023 annual equity distribution plan announcement disclosed by Wuhan Blue Electric shows that the company’s current total share capital is 57.2 million shares. Based on the 57.1868 million shares after deducting the repurchase account of 13,200 shares, undistributed profits will be distributed to all shareholders for every 10 shares. A cash dividend of 9 yuan (including tax) will be distributed. A total of RMB 51.4681 million in cash dividends is expected to be distributed during this equity distribution. The total cash dividends distributed and planned to be distributed by the company in the past three years totaled 149.7693 million yuan, accounting for 207.86% of the average annual net profit attributable to shareholders of listed companies in the past three years.

The announcement of the 2023 annual equity distribution plan released by Lite Technology on March 28 shows that the company currently has a total share capital of 39 million shares and plans to use undistributed profits to distribute a cash dividend of 8.0 yuan (including tax) to all shareholders for every 10 shares. A total of RMB 31.20 million in cash dividends is expected to be distributed during this equity distribution. The total cash dividends distributed and planned to be distributed by the company in the past three years totaled 75.90 million yuan, accounting for 194.16% of the average annual net profit attributable to shareholders of listed companies in the past three years.

  Institutions are generally optimistic about the development of Beijing Stock Exchange

Many institutions believe that the Beijing Stock Exchange has once again shown strong resilience in terms of its recent overall performance. Liu Yan, chief analyst of Southwest Securities, believes that the Beijing Stock Exchange has strong resilience. As the effects of relevant policies are gradually released, market expectations have gradually stabilized in the short term, and the market’s annual reports can be expected. In the medium and long term, the high-quality development tone of the sector remains unchanged, and the quality of listed companies Good control and market liquidity continues to improve. It is recommended to seize the sector allocation window and focus on high-growth and low-valuation stocks, leading companies in subdivisions with valuation advantages, and high-quality, low-priced new stocks.

Fan Xiangxiang, an analyst at Galaxy Securities, believes that the trading enthusiasm of the Beijing Stock Exchange continues to be high. Looking forward to the market outlook, the overall sector is expected to fluctuate upward. For investment in the Beijing Stock Exchange sector in 2024, it is recommended to focus on companies with good company fundamentals and high growth potential in the smooth progress of fundraising projects, as well as high-dividend-yielding companies with stable company operations and good sustained profitability.

Founder Securities said that the forecast increase in performance of many North Exchange companies has added confidence to the market, and attention is paid to the overall performance of annual reports. From a valuation perspective, the constituent stocks of the North Exchange still have advantages. With the gradual release of favorable policies, the overall sector is still expected to rise this year. It is recommended to pay attention to companies with low valuations, strong barriers, good fundamentals, stable operations, and good profitability.

Shen Wanhongyuan said that the annual performance expectations of Beijing Stock Exchange companies are formed at the end of the first quarter and the beginning of the second quarter. Since a large number of companies on the North Exchange will only start to release their investment production capacity in 2024, the company’s production capacity release will be tracked from the bottom up, and the production capacity release will be measured. The latter’s performance flexibility is an important source of gains this year. It is recommended to pay attention to companies with rapid growth in production capacity this year, potential improvement in industry prosperity, and room for market flexibility.



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