The hottest statistics show that listed companies

Statistics show that: Listed Companies in eight industries

Guide: ● the overall growth of the performance of Listed Companies in the first half of 2003 mainly depended on the strong rise of the performance of Listed Companies in booming industries ● in the first half of 2003, the performance of Listed Companies in eight industries, such as construction machinery, electric power, steel, automobile, banking, petrochemical, electrical equipment, chlor alkali, increased significantly ● the second half

● the overall growth of the performance of Listed Companies in the first half of 2003 mainly depends on the strong rise of the performance of Listed Companies in booming industries

● in the first half of the year, the performance of Listed Companies in eight industries such as construction machinery, electric power, steel, automobile, banking, petrochemical, power equipment, chlor alkali increased significantly

● in the second half of the year, listed companies in construction machinery and banking will face certain short-term pressure, including power Chlor alkali and other industries are still expected to continue to grow steadily, and the growth rate of the automotive industry will slow down

booming industries drive performance

statistics show that the overall growth of the performance of Listed Companies in the first half of 2003 mainly depends on the strong rise of the performance of Listed Companies in booming industries

in terms of the growth indicators of main business income, among the more than 900 listed companies we analyzed (st stocks and new shares were excluded for the sake of the scientificity of vertical comparison), only 30% of the listed companies (30.2%) had a growth rate above the weighted average (36.16%), and 23.5% had a year-on-year decline in main business income. At the same time, the industry concentration of listed companies with rapid income growth is very high, including machinery manufacturing, metal and mining and chemical products, which account for more than 30% of the total

from the perspective of net profit indicators, the performance gap has widened, and the characteristics of boom industries are more obvious. Only 20% of the company's net profit increased more than the overall weighted average, while 46.52% of the company's net profit declined year-on-year. Among the companies with higher net profit growth, machinery manufacturing, metal and mining and chemical products accounted for nearly one third (33.2%), while listed companies in the top five industries (plus real estate and utilities) accounted for more than 50%

eight industries are growing rapidly

Construction Machinery Industry: in the first half of 2003, the growth rate of China's fixed asset investment reached 32.8%, creating a good development opportunity for the construction machinery industry. From the situation of 19 listed companies (excluding Zhongfa development and Sihuan pharmaceutical, etc.), the total main business income in the first half of this year increased by 63.86% year-on-year, and the total profit increased by 91.72% year-on-year. Among them, 9 companies increased their profits by more than 50%

power industry: in the first half of 2003, the national electricity consumption continued to maintain a strong and rapid growth momentum. Affected by this, the performance of Listed Companies in the power industry in the first half of this year is generally good. It is particularly noteworthy that several large power generation enterprises in the listed companies have benefited from the tight power supply and demand situation and the production of projects under construction, and their performance has increased significantly

steel industry: in the first half of 2003, the steel industry undertook a good development trend of booming production and marketing. In the middle of 2003, the overall performance of steel listed companies was good. Listed companies with losses or declining performance are mainly concentrated in special steel and ferroalloy enterprises

automobile industry: in the first half of this year, the automobile industry continued to maintain high-speed growth, taking on the growth momentum of booming production and sales last year. The semi annual report shows that the average year-on-year growth rates of the main business income and net profit of the four listed companies in the car sector, SAIC Motor, FAW car, Chang'an Automobile and St Xiali, have reached 55% and 204% respectively, greatly exceeding the overall growth level of the vehicle sector. In terms of the profitability of a single listed company, the number of loss making enterprises decreased significantly, and only one of the 17 companies suffered losses

Banking: in the first half of 2003, listed banking companies achieved a year-on-year increase of 39% in their main business income and 25% in their net profit. With the rapid growth of performance, the asset quality of listed banks has also been further improved. According to the five level classification standard, the total amount of non-performing loans was 32.29 billion yuan, and the non-performing loan ratio was 4.26%, down from the previous period. In addition, listed banks generally increased the provision for bad debts, and the overall non-performing asset coverage rate was 62%, significantly higher than that of the previous period

petrochemical industry: affected by the recovery of the international crude oil market and chemical products market, and driven by the growth of market demand, the petrochemical industry still maintained a high growth rate in the first half of the year, and the gross profit margin of leading products was rising

power equipment industry: under the background of the overall recovery of the power equipment market, the operating performance of Listed Companies in the industry has also fundamentally improved. According to incomplete statistics, in the first half of 2003, the weighted average growth rate of main revenue and net profit of listed power equipment companies was as high as 20.39% and 31.40% respectively

chlor alkali industry: with China's adoption of temporary anti-dumping measures against imported PVC, the domestic PVC price has picked up significantly. In the first half of this year, the performance of chlor alkali listed companies improved significantly. Among the nine listed chlor alkali companies that have released their semi annual reports, except for St petrochemical, whose main business has declined due to historical problems, the main business income and profits of the other eight companies have increased to varying degrees. At the same time, its profitability was significantly enhanced, with the main profit margin of 9 companies reaching 14.13%, nearly 3 percentage points higher than that of the same period last year

prospect of five industries

construction machinery industry: facing certain pressure in the short term

with the passing of the peak period of equipment renewal and the rapid expansion of domestic construction machinery ownership, coupled with a large number of imported construction machinery products, it will have an adverse impact on the current sales of construction machinery. Therefore, in the short term, the growth rate of the entire industry that cannot satisfactorily complete the above three tasks may slow down. In the long run, this callback is only phased. It is expected that the growth of loaders, excavators, forklifts and other types of machinery and concrete machinery will remain good in 2003, and the relevant leading enterprises and advantageous enterprises will continue to maintain good performance

the power industry has developed all electric injection machine numerical control devices with independent intellectual property rights, special numerical control devices for electro-hydraulic servo injection machines, servo drive systems of various specifications and exchange permanent magnet synchronous servo electromechanical: it will still maintain good performance

according to experts' prediction, China's power elasticity coefficient will still be greater than 1 in 2003 and 2004, which determines that the growth rate of China's power demand in 2003 and 2004 will be about 10%. Due to the shortage of power projects started in the previous two years, it is expected that the tense situation of power supply and demand in China will continue in the next few years. Therefore, it can be predicted that in the next few years, listed companies in the power industry will still benefit from the tension between power supply and demand and maintain good performance

auto industry: performance growth will slow down

the auto sector will continue to maintain growth momentum in the second half of the year, but with the intensification of market competition, the profit margin may decline, and the gap between companies with excellent performance and poor performance will further widen

Banking: there are short-term adverse factors

the macro environment faced by listed banks in the second half of the year includes both the advantages of maintaining rapid growth in the real economy and the disadvantages of the central bank tightening monetary policy, controlling the excessive growth of credit, especially real estate loans, and the bearish bond market. It is expected that listed banking companies will still maintain rapid growth, but the growth rate will be lower than that in the first half of the year. In addition, the rapid expansion of some listed banks has led to a sharp decline in capital adequacy ratio, and there is also an inherent need to slow down the expansion of asset scale

chlor alkali industry: it is expected to continue to grow steadily

as nearly 40% of the PVC demand in China depends on imports every year, it is greatly affected by the international market price, and the implementation of anti-dumping has stabilized the domestic PVC price. In the first half of the year, the domestic PVC price fluctuated in a narrow range of 6200 to 6550 yuan/ton. In addition, how far are the concepts of chlor alkali chemical industry and gold from us? Integrate this concept into companies such as 1 Qilu group to expand production and increase PVC production capacity, some of which will be put into production in the second half of the year. The stability of prices and the expansion of production capacity will keep the annual performance of chlor alkali companies growing steadily