Under the epidemic situation, the A-share newspaper "all living things": oil and aviation tearful, pig raising comparable to opening a bank, and mask gold "riding the wind and waves"?
On the evening of August 31, the annual interim report of A-share listed companies has been officially closed. According to wind data, as of September 2, a total of 3984 listed companies were disclosed in Shanghai and Shenzhen stock exchanges.
Wind data shows that in the first half of 2020, all A-share listed companies achieved operating revenue of 23.43 trillion yuan, a year-on-year decrease of 2.84%, and the net profit attributable to the parent company was 1.85 trillion yuan, a year-on-year decrease of 18.11%.
Affected by the epidemic situation, many listed companies have been forced to break away from their "comfort circle" in the past six months. Petroleum and petrochemical, major airlines and other performance are deep decline, some companies hand over a tragic half year return.
The situation is better than the people. This also makes some new faces appear in the top ten "loss kings" and the top ten "profit kings".
The top 10 companies accounted for 7 of the total loss, and the oil and aviation companies encountered "dark moment"
In the first half of the year, the top 10 listed companies with the worst performance were PetroChina, Xishui, Sinopec, HNA holdings, Air China, China Eastern Airlines, China Southern Airlines, * ST Anxin, * ST Lifan and Bohai leasing. The net profit losses of the top ten "loss kings" all exceeded 2.5 billion yuan. Among them, PetroChina, Xishui, Sinopec and HNA all lost more than 10 billion yuan.
In the first half of the year, the oil industry experienced an unprecedented "dark moment" due to the impact of the new crown epidemic, the serious imbalance between supply and demand, and the sharp drop in international oil prices.
PetroChina became the number one "loss king" in the A-share market in the first half of this year, with a net profit loss of 29.986 billion yuan due to its parent company. It also reported a loss for the first time since its listing in 2007. Sinopec was the third largest company with a net loss of 22.8 billion yuan.
Both PetroChina and Sinopec attributed the decline in operating performance to the impact of the epidemic situation and the collapse of international oil prices.
In the first half of the year, CNOOC was the only company to maintain profits among the "three barrels of oil". In the first half of the year, CNOOC achieved a net profit of 10.383 billion yuan, but a year-on-year decrease of 65.7%.
Affected by the epidemic situation, global aviation demand has been greatly reduced, and the performance of major aviation stocks has been severely damaged.
In the top ten "loss king", aviation shares occupy the position of four, five, six and seven. Among them, HNA holdings suffered the most serious loss, with a net profit loss of 11.823 billion yuan attributable to its parent company. Air China, China Eastern Airlines and China Southern Airlines lost 9.441 billion yuan, 8.542 billion yuan and 8.174 billion yuan respectively.
The aircraft leasing industry will inevitably be affected, and Bohai leasing suffered serious losses in the first half of the year.
Bohai leasing performance report shows that in the first half of the year, the net profit attributable to shareholders of listed companies changed from profit to loss, with a loss of about 2.514 billion yuan, compared with 1.807 billion yuan in the same period of last year, a year-on-year decrease of 239.17%. This also makes Bohai leasing the tenth largest "loss king".
It is worth mentioning that Bohai leasing is an important listing platform of HNA, and its major shareholder is HNA capital.
In explaining the reasons for the loss, Bohai leasing said that it was mainly due to the impact of the new crown epidemic, the global air transport industry and related industries had been greatly negatively impacted, and the leasing companies faced with increased risks of rent delay, default and lessee bankruptcy. As a result, the rental income and sales revenue of the company's aircraft leasing business decreased during the reporting period, and the provision for bad debts of accounts receivable increased by 540 million yuan compared with the same period of last year. Due to the decline of aircraft assets valuation, the provision for impairment of fixed assets increased by 1.668 billion yuan compared with the same period of last year, and the provision for bad debts of domestic long-term receivables increased by about 1.291 billion yuan.
In the first half of the year, Xishui shares, the second largest "loss king", lost 27.09 billion yuan due to its parent. As of September 3, that was more than four times the company's total market value.
Xishui shares disclosed the performance of its subsidiary Tian'an property insurance in the interim report. In the first half of the year, the loss of Tianan property insurance reached 64.67 billion yuan, with net assets of - 35.985 billion yuan, which means that Tian'an property insurance has been in a serious state of insolvency. On July 17 this year, the CIRC decided to take over Tianan property insurance for a period of one year. The insurance business income of Tian'an property insurance accounts for more than 90% of the main business income of Xishui.
In addition, the net profit loss of * ST Anxin and * ST Lifan in the first half of the year were 2.856 billion yuan and 2.595 billion yuan respectively, ranking eighth and ninth in the A-share market. Recently, * ST Lifan has entered the bankruptcy reorganization procedure.
Financial stocks are still the "king of profits", with the six major banks earning less than 70 billion yuan
The 10 most profitable listed companies in the first half of the year are still concentrated in the banking and insurance industries.
In absolute terms, the top ten "profit kings" are all from the financial industry. They are industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Ping An, China Merchants Bank, Bank of communications, postal savings bank, Industrial Bank of China and China Life Insurance, all of which have net profits of more than 30 billion yuan.
In the first half of the year, ICBC made a net profit of 148.79 billion yuan, ranking the top of the list with an average daily income of over 800 million yuan.
However, it is worth noting that the net profit of all major banks decreased year on year.
In the first half of the year, the net profits of ICBC, CCB, ABC, BOC, communications and postal savings were 148.79 billion yuan, 137.626 billion yuan, 108.834 billion yuan, 100.917 billion yuan and 36.505 billion yuan respectively, totaling 566.33 billion yuan, a decrease of 71.414 billion yuan year-on-year.
Among the six major banks, the decrease of net profit of each bank to its parent company was about 10%. Among them, the decline of Bank of communications was the largest, with a year-on-year decrease of 14.61%, and the drop of postal savings was the smallest (9.96%).
It is worth noting that almost all banks, including the six major banks, have made large amounts of impairment losses and provision coverage, which is one of the important reasons for the decline in the growth rate of their net profits.
Top 10 "performance growth kings", mask gold stocks "ride the storm"
On the whole, banking, insurance and real estate are still the most profitable industries in a shares. Conch cement, Guizhou Maotai and Vanke A are all "old comrades". A "new face" is muyuan shares, which made a profit of more than 10.7 billion yuan in the first half of the year, ranking 28th in the net profit ranking of the parent company. The profit of pig raising exceeded that of many small and medium-sized banks.
From the level of growth, this is even more obvious.
According to the growth rate of net profit of the parent company, the speed of making money of biomedicine, pig raising, gold and other plate enterprises is gratifying.
In the first half of the year, the top 10 "performance growth kings" were brother technology, Jinshan shares, muyuan shares, western gold, Jindun shares, Hengyin technology, Wanji technology, Huitong energy, Yingke medical and Xinlong holdings. Their net profit attributable to parent companies increased more than 20 times year on year.
On the whole, some "anti epidemic" enterprises ushered in the "wind outlet" of growth.
Brother technology achieved a net profit growth of 11430.42% in the first half of this year. According to the announcement, in the first half of the year, the net profit attributable to shareholders of listed companies reached 71.573 million yuan, an increase of 11430.42% year-on-year.
Brother technology said that the achievement of turning losses into profits was mainly due to the rise of sales prices of related vitamin products and the increase of gross profit rate of products.
The company's share price rose from 16.44 yuan / share at the beginning of the year to 184.37 yuan / share, and closed at 139.0 yuan / share on September 2.
The explosion of disposable gloves has brought "real gold and silver" to British Medical. In the first half of the year, the net profit of Yingke Medical Co., Ltd. increased by 26 times, from 71 million yuan in the same period of last year to 1.921 billion yuan. According to its latest announcement, Yingke medical will continue to expand the production capacity of gloves, and plans to raise the annual output of 16 billion high-end medical gloves disclosed in June to 40 billion.
In addition, Xinlong holding is well-known in the market as "mask stock".
Under the epidemic situation, the market demand of medical and health protection products such as masks increased sharply. Xinlong holding's main products include various spunlaced nonwovens, melt spun nonwovens, etc. As a non-woven fabric supplier of upstream raw materials for medical protection materials, Xinlong holdings achieved a net profit of 162 million yuan with a year-on-year increase of 2568.32%
A while ago, Xinlong holdings also attracted a wave of attention because of its plan to raise the chairman's salary. However, according to the latest announcement of Xinlong holdings, the proposal on adjusting the director's allowance has not been passed. This means that the plan to increase the chairman's annual salary from 72000 yuan to 1.2 million yuan failed.
In addition, taking advantage of the rising pork prices and gold prices, muyuan shares and western gold also ranked first in the performance growth table.
Mu yuan shares from needless to say, the rise in pork prices in the first half of the year led to soaring performance. In the first half of 2020, the net profit of muyuan shares reached 10.784 billion yuan, with a loss of 156 million yuan in the same period of last year, with a year-on-year increase of 7026.08%. Muyuan shares said that the obvious rise in pig prices is the main reason for the obvious rise in net profit. From January to June this year, the average price of live pigs in China was 33.9 yuan / kg, up 136.95% compared with the same period last year.
Today, the market value of muyuan group is as high as 320 billion, which is jokingly called "Maotai in pig".
At the same time, driven by the global low interest rate environment and risk aversion sentiment, gold prices have soared since this year, hitting record highs. In August, the international gold price once again reached a record high of $2034.20/oz nine years ago.
Thanks to this, the net profit of Western Gold returned to the parent company in the first half of the year was 7.0342 million, with a year-on-year increase of 5025.16%. Western Gold said that the sales price of standard gold, the main product, was higher than a year earlier, resulting in an increase in net profit.