Listed companies released their performance for the first half. Many made forecasts on the operation in the first three quarters.
Based on Wind’s statistics, 76 companies forecasted their performance in the first three quarters as at Aug. 3. 53 companies expected that their net profits will see growth, accounting for about 70 percent. 14 indicated that their net profit in the first three quarters will decline. Other companies made no forecast on their operation or the performance in the first three quarters is uncertain.
29 companies to see net profits of over 100 million yuan
Most of the above 76 companies expected that they will deliver better sales results in the first three quarters.
29 companies estimated that their net profits will exceed 100 million yuan. Two of them even expected their net profits to exceed 1 billion yuan.
Hangzhou Hikvision Digital Technology Co., Ltd. (002415.SZ) expects to see the highest net profit among the above 76 companies released performance forecasts for the first three quarters. It expects that the net profit attributable to shareholders of the listed company will be 5,579,526,800 to 6,549,879,200 yuan in the first three quarters. The net profit attributable to shareholders of the listed company will increase 15 to 35 percent. The company attributes the performance growth to the sustainable growth of operation results.
Muyuan Foods Co., Ltd. (002714.SZ) expects its net profit to exceed 1 billion yuan in the first three quarters. The company expects that the net profit attributable to shareholders of the listed company will be 1.8 billion to 2 billion yuan, representing an increase of 2.16 to 13.51 percent year on year. The performance growth is based on the expectation on the possible average profit on each live pig in July to September 2017 and the expected stock of live pigs for slaughter. However, the significant fluctuation in the market price of live pigs will result in significant fluctuations in the profitability of the company, which will have significant effects on the operation performance of the company. Besides, the uncontrollable market price of live pigs makes it difficult to expect the operation performance in the first nine months of 2017. The company will make announcements immediately after there are significant differences between the actual operation and the above performance expectation.
Four companies to record losses
Except those expected to see huge profits, many companies expected that their operation performance will decline in the first three quarters.
Statistics show that 14 companies expected their net profits to decline year on year. Four companies indicated that they will record losses in the first three quarter, one of which is a company with special treatment (ST).
Tianjin Printronics Circuit Corporation (002134.SZ) estimated that it will continue to see losses of 5 million to 10 million yuan in the third quarter of 2017. The company consolidated the production resources in recent years and improved the organization in the first half of 2017. It achieved the designed capacity and will conduct normal production in the third quarter. But it may not make up the losses in the first half. It expected to see certain losses in the first nine months of 2017. The above operation performance is the preliminary estimation of the financial department of the company.
Other enterprises with expected losses in the first three quarters attributed the losses to the construction of new businesses, the declining gross profit margin and subsidies after stripping off original businesses.
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