Red Weekly Editorial Department | Qi Yongchao

During the Spring Festival holiday, major overseas stock indexes have ushered in a strong rise. Based on this, the market expects that A shares in the Year of the Rabbit will also usher in a "good start". So, which directions are expected to become the core focus after the market opening?

At present, A-share listed companies are disclosing the performance forecast for 2022. In fact, before the Spring Festival holiday, listed companies have begun to "preempt" disclosure in batches, and some "pretty girls marry first" blue-chip stocks have been closely watched by funds in advance. Some people believe that the main line and individual stocks whose performance exceeds expectations are expected to become the focus of market attention. So, which stocks have grown more than expected? Which industries have more wallets?

Pre-increased stock market heats up.

"Ten times shares" frequently appear, and new energy "steals the mirror"

Before the disclosure of the annual report in 2022 officially kicked off, the annual report performance forecast of A-share listed companies was being released intensively. During the annual report window, blue-chip stocks have become the focus of the market, and some companies whose performance exceeds expectations are obviously the "most beautiful" in the market.

65438+ 10. On the last trading day before the festival, the share price of Tianqi Lithium Industry, a lithium battery company, rose by over 5%, while in the month of 65438+ 10, the share price of the company has risen by nearly 20%. Tianqi Lithium's share price continues to rise, which is not unrelated to the good news of its pre-increased performance in 2022. Tianqi Lithium Industry announced on June 5438+1October 19 that it is expected to realize a net profit of 23 10/0,000 ~ 2.56 billion yuan in 2022, an increase of1019% ~ 6544.

It has been observed that among the companies that disclosed the pre-announcement of the annual report results before the holiday, there are not a few companies whose share prices ushered in a sharp rise. After 65438 released the news on10.7 that the net profit in 2022 had increased by 470 million yuan to 680 million yuan and increased by 1388.52% to 2053.60% year-on-year, the company's share price went up for four consecutive days.

According to Wind's incomplete statistics, at present, there are 10 15 A-share listed companies that have disclosed the annual performance forecast for 2022, of which 627 companies have increased their performance in advance (according to the upper limit, the same below), accounting for 6 1%, and 388 companies have decreased their performance in advance, accounting for 38%. According to the disclosure, more than half of the companies are concentrated in the first three days of the Spring Festival holiday. In 2023, 65438+1October19 ~ 65438+1October 2 1, 532 companies disclosed the annual performance forecast for 2022.

We have noticed that among the companies that have disclosed the performance forecast for 2022, many companies have increased their performance by more than 10 times. Besides Tianqi Lithium Industry and Electronic City mentioned above, it also includes Cangzhou Dahua, Rongjie, Jiaying Pharmaceutical, Jixiang, Jiu 'an Medical, Long Yuan Science and Technology and Xinri.

In addition, there are many companies such as Tianhua Chaojing, Yongxing Materials, Shengxin Lithium Energy, Tibet Mining, etc. whose performance has increased by more than 500% (see table 1).

After careful observation, it is not difficult to find that new energy companies such as lithium batteries account for the most of the companies with high performance in 2022, and their share prices have the highest increase. Such as Cangzhou Dahua, Rongjie, Ji Xiang, Tianqi Lithium Industry, Ke Rui Science and Technology, Tianhua Chaojing, Yongxing Materials, Shengxin Lithium Energy, Tibet Mining, etc., involving lithium mines, lithium battery equipment and other sub-fields.

Further, the reason why the performance of lithium battery enterprises has increased significantly in advance is related to the rise in product volume and price under the background of market prosperity.

Rongjie Co., Ltd. mainly deals in lithium mines, lithium salts and lithium battery equipment. 654381October 20th, it is estimated that the net profit attributable to shareholders of listed companies in 20221October and February will be 2.2 million to 2.6 million yuan, an increase of 365,438+0,265,438+0.58% year-on-year. 65438+1On October 20th, the company's share price rose by over 8%. Regarding the reasons for the pre-increase in performance, Rong Jie said that the pre-increase in performance is related to multiple factors such as the continuous improvement of the prosperity of the new energy industry, the continuous sharp increase in the prices of upstream materials and products in the lithium battery industry, and the continuous increase in the demand for lithium battery materials and equipment.

Yongxing Materials, a lithium battery material company with a performance increase of 610.19% ~ 644.05438+0%, said that the significant performance increase was mainly due to the continuous increase in lithium salt prices and the heavy volume of the company's lithium salt phase II project.

Regarding the investment opportunities of A-share annual reports, CICC believes that with the peak of the epidemic gradually passing, high-frequency data show that economic activities are being repaired, and the overall valuation of the superimposed current market is still not high after the rebound. At present, A-shares are still in a good layout period. At the same time, it is said that the current market expectations for the overall poor annual report may have been fully taken into account, and the key lies in areas where the structure may exceed expectations. In the 2022 performance forecast and express disclosure stage, we can focus on the following three aspects:

First, areas that benefit from economic recovery and policy support and are relatively sensitive to policies; Second, the high-prosperity areas where the annual report performance exceeds expectations or the chain ratio is greatly improved; Third, the fundamentals are facing an inflection point and are gradually bottoming out.

Foreign capital has greatly increased its positions.

The layout focuses on locking the new energy faucet.

At present, blue-chip stocks are also becoming the focus of foreign investment. Statistics show that since June 5438+ 10, a number of blue-chip stocks with pre-increased performance have been greatly increased by northbound funds (Land Stock Connect), with an increase of over 100 million yuan, and even head companies have been bought nearly 10 billion yuan.

According to incomplete statistics, among the companies that have released the 2022 performance forecast, there are 487 companies whose performance has increased by more than 50%. Among nearly 200 companies that have passed the land share standard, 12 1 company, accounting for 60%, was bought by northbound capital within 1 month, with a total reference purchase amount of 26 1 billion yuan, accounting for 660%.

In addition, there are nearly 40 companies, such as Contemporary Ampere Technology Co., Ltd., Longji Green Energy, Sunshine Power, Golden Hi-Tech, Trina Solar, Jerry, Shenhuo and Tianqi Lithium. All of them were bought by over 100 million yuan (see table 2).

Specific to individual stocks, Contemporary Amp Technology Co., Ltd., Longji Green Energy and Sunshine Power ranked in the top three, with 8.3 billion yuan, 3.6 billion yuan, 1 and 65.438+billion yuan respectively. Furthermore, northbound capital has the same feature for the three kinds of jiacang phenomena, that is, it has been making "rapid efforts" since June 5438+ 10. For example, since June 5438+ 10, Contemporary Amperex Technology Co., Ltd. has bought nearly 20 million shares and Longji Green Energy has bought more than 80 million shares (see figure 1 and 2).

Judging from the published upper limit of pre-increase of performance in 2022, Contemporary Ampere Technology Co., Ltd., Longji Green Energy and Sunshine Power have pre-increased by 97.72%, 765,438+0.00% and 65,438+040.00% respectively. At the same time that foreign capital increased their positions and their performance increased ahead of schedule, the share price of the above-mentioned head companies also started the "bottoming out" mode. Since June 5438+ 10, the share prices of the above three companies have all increased by more than 10%, among which Contemporary Amp Technology Co., Ltd. and Sunshine Power Supply have all increased by nearly 15%.

Among the key Masukura targets, northbound funds were also "selected". Mainly for head companies in the fields of new energy vehicles and photovoltaics. In addition to contemporary Ampere Technology, Longji Green Energy and Sunshine Power, the companies with the highest capital increase in the North also include a number of new energy companies such as Goldtech, Trina Solar, Goodyear and Jingsheng Electromechanical. According to statistics, since June 5438+ 10, 2023, northbound capital has bought 436,5438+billion yuan of electrical equipment (mainly companies in the new energy field), which is among the top 28 companies in Shenwan.

The collective rebound of new energy head company today is based on the previous continuous adjustment 1 year or even 2 years. Now, with the substantial growth in performance and the blessing of foreign investment, have the opportunities in the new energy sector "reappeared"?

For the new energy sector, the attitude of brokers is relatively optimistic. Since June 1, electrical (power) equipment and new electrical (power equipment and new energy) industries have been recommended by dozens of brokers such as CITIC Securities, Industrial Securities, Haitong Securities, TF Securities and Galaxy Securities.

Regarding the direction of new energy vehicles, Southwest Securities said that the performance forecasts of companies such as Contemporary Ampere Technology Co., Ltd. are gratifying, and the valuation of the new energy vehicle sector is at a low level in the short term and is expected to rebound further. However, it also pointed out that in the long run, there are still bottlenecks in lithium supply, and the possibility of opportunities in the sector is low. It is suggested to pay attention to the opportunities of technological upgrading and tight production capacity.

Galaxy Securities said that as silicon materials enter the down cycle, the profits of the photovoltaic industry chain will enter the redistribution stage. In 2023, the profitability of most companies will be improved to varying degrees.

The garden also pays attention to excellent performance and new energy.

Just laid out the following 7 performance pre-happiness stocks.

Recently, a number of newly listed new shares have also disclosed the pre-wedding announcements for 2022, such as Fuxing, British Software and Xin Lei. It is estimated that the upper limit of the annual net profit is 65,438+02.38%, 42.94% and 49.02% respectively. In addition, Shangtai Technology and Ning Chuan Bio also increased by 147.30% and 269.00% respectively.

Behind the pre-happiness of these blue-chip stocks, there is a figure of investing in the big forest park.

According to incomplete statistics, in the past three months, Linyuan Investment has used more than 200 funds to participate in innovation. Among them, Linyuan Investment No.2 1 was allocated a maximum of RMB 2193,600, and * * * was allocated 42 shares. Further, Linyuan Investment No.21was allocated 8 shares last month, all of which released the 2022 performance forecast. Judging from the upper limit of the forecast, there are 7 stocks with pre-increased performance, including the above-mentioned Foxing Shares, British Software, Shangtai Technology and Ning Chuan Bio (see Table 3).

Among the above-mentioned 2/kloc-0 companies that participated in the innovation, Ning Chuan Bio received the highest allocation amount, exceeding 654.38+million yuan, and Ning Chuan Bio was also the company with the highest pre-increased performance. The main business of bio-industry in Ning Chuan is bio-fermentation. According to it, due to the higher sales price of main products and the steady growth of business performance, it is estimated that the performance will increase by 38 1, 9 1.5 million yuan to 4 1, 006,5438+0.9 million yuan in 2022, with a year-on-year increase of 243% to 269%. Recently, the company revealed that the current crude product capacity of ursodeoxycholic acid is about 120 tons/year, and it is applying for registration GMP certification of ursodeoxycholic acid, which will become a raw material drug after passing the certification.

From the perspective of listed companies, the share price of Shangtai Technology has increased the most since June 65438+ 10, reaching nearly 40% (see Figure 4). Shangtai Technology's main business is cathode materials for lithium batteries, which belongs to the field of new energy with intensive performance disclosure. Shangtai Technology 65438/KLOC-0 released its performance forecast on October 20th, saying that due to the influence of the company's sales revenue of anode materials and the rising prices of main raw materials of anode materials, it is estimated that the performance in 2022 will increase by 12800000 yuan ~ 134400000 yuan, a year-on-year increase of135.52%.

However, the number and amount of shares newly allocated to Shangtai Technology by Linyuan Investment No.21are both small. According to the results of the first offline placement disclosed by Shangtai Technology, a number of funds, including Linyuan Investment 2 1, Linyuan Investment 24 and Linyuan Investment 35, were allocated, with 236 rights issues and an investment of 0.8 million yuan.

(The stocks mentioned in the article are just examples, and trading is not recommended. )