Daily News board company performance conceal small slowdown worries.

Shanghai and Shenzhen stock markets as of June 27 has 557 listed companies to disclose the interim results notice. .Results are expected in the first half of which 190 have more than 50% year on year growth; but more companies last year timekeeping Liucheng "pre-hi," the grand occasion with a big gap. .Placed with investors often want a small board of the company's growth slowed down. .WIND <P> According to statistics, of which 190 are expected in the first half year performance of more than 50% growth; 95 slightly increased the growth rate is generally about 20% -30%; expected interim results for the 37-year decline, year on year .slightly reduced for the 35; the first loss for the 41 and continue for 77 losses; losses for the 50; uncertainty for the 5. .</ P> <P> from statistical data, although growth in the first half of the enterprises still account for the relative performance of the majority, but many companies last year timekeeping Liucheng "pre-hi," the grand occasion with a big gap. .Many companies because the investment income this year is far lower than the same period last year, and some even losses on investments; the other hand, price controls, tightening and accelerating RMB appreciation on listed companies in related industries, has also brought greater pressure. .It is noteworthy that, due to a further decline in some industries boom, the price may be further changes in policy, so investors may wish to look at mid-year report to see more notice of their performance may have little sustained. .</ P> <P align=center> a concern: one-time factors that caused pre-gain </ P> <P> data show that pre-190 by mid-year report mainly from agriculture, chemical industry, paper industry, resource industries, .real estate and electronics industries. .Some because the industry boom of increased product prices caused by such Chuanhuagufen, Hubei Yihua, double science and technology, international industry, Shandong Gold, and some are one-off factors such as the United Ningbo, China Sports Industry, Ryuhei .High-tech, deep SED, deep textiles, the South-day information, etc., which require our special attention. .</ P> <P> Ningbo United is expected in January 2008 vested in January -6 Net profit of listed companies increased 3,200 percent over the previous year or more, disclosure notice, the company is the largest increase year on year, China Sports Industry to .1500% year on year increase in pre-hi also ranks in the forefront of the company, but unfortunately the two companies are relying on transfer of shares to obtain such a high growth; Another example is the recent leading agricultural stocks - Long Ping High-Tech, in the first half-year surge of 200% -300 results .%, is transferred by the company, one quarter of a company shares. .Another example is the deep textiles, the company expects the first half of forecasted 550% -600%, but mainly due to reversal of certain equity investments for the project and the resulting shot, while the south on the information in January -6 than the cumulative net profit is expected .rose 600% -700%, which is a subsidiary of a large part of income property caused by shot. .</ P> <P> course, there are many companies because there is no one-time gain in the first half of this year, so an apparent decline in performance, such as COFCO Property, Shaanxi Jinye, into shares in Guangdong, pharmaceutical, and other media and Winbond .. .Considering the high valuations in general last year, these one-time revenue impact on the company's share price is still very huge. .</ P> <P> some real estate companies on the sustainability of the growth performance but also cautious. .Although its revenue growth is not accidental factors, but because the revenue carry forward system causes the current period does not reflect the actual sales performance, particularly in the possible turning point, when the real estate industry, which lags behind need attention. .</ P> <P> in advance by many companies in the real estate companies, such as deep SED, Shenzhen Ye, Kwok-hing real estate, shares of cotton world, including the new Lake business performance 2000% -2400% growth year on year, the country .Xing real estate performance by 850% -900% year on year, year on year performance cotton pre-World shares 550% -600% increase, year on year increase in first-half results are listed on the larger companies. .This performance of several real estate companies are the current reasons for an increase of pre realize the benefits carried forward, which means "to eat food reserves." .Taking into account this year's real estate market is quite different than last year, the future prospects are not clear for some time, carried forward in the past the end of the pre-sale case of new projects can not keep up, the real estate business for some time how much ."stocks" it? .</ P> <P align=center> second concern: the continued growth of the main industry </ P> <P> Although some growth for the company from the main business, but because of changes in the macroeconomic environment, may lead to growth in its main business .slowdown trend is expected to buy stocks is to buy, buy the future, so this also needs to pay more attention to investors. .</ P> <P> SDB is currently the only company to disclose interim results notice listed banks. .The bank is expected in January 2008 -6 month cumulative net profit will grow 85% -95%, the company explained that the substantial increase in performance is due to the increase in deposits and loans, spreads widened, middle income, and the effective reduction of non-performing loans .tax rates reduced. .Larger space and the effective tax rate spreads have been optimistic about the bank's researchers emphasized the bright spot, but it is undeniable that the middle income likely to decline, restrictions on the credit scale, non-performing loans may increase, investors began to .doubt the high-growth banking industry. .</ P> <P> market was very active during the first half of this year's chemical stocks also face re-evaluation. .If Chuanhuagufen first half results are expected to reach 100 million -1.3 million, while its net profit last year, the industry is only 8.8681 million yuan. .Performance of the company benefited from a huge increase prices of fertilizer, but fertilizer prices will hit the policy established by the "ceiling." .Organization Development and Reform Commission has started recently, including chemical fertilizers, pesticides and other agricultural price survey; In addition, high international oil prices, gas prices have gone up, with electricity prices began to rise, increasing cost pressures. .Although the chemical company performance is not necessarily a turning point soon, but researchers believe that more space continue to rise sharply limited. .</ P> <P> is worth mentioning that the first half of the poor performance of some companies may be a turnaround. .General performance of power companies, such as decline in the first half, some power companies and even a loss, but with the second half of the Development and Reform Commission on oil and electricity prices, an easing of strict controls, S on the petrochemical and other enterprises may gradually bottom out. .Of course, some energy companies with high costs if you do not have a strong ability to pass if not better than the second half of the day will be, as some small and medium sized companies affected will be relatively large. .</ P> <P align=center> focus on three: the Growth of small plates or slower </ P> <P> on the small board companies, investors tend to place a "high growth" expectations, but have been disclosed .Daily News notice situation, small board in the first half of this year's growth has slowed down, the average growth rate of hard to catch up with last year. .Small board in the first half of 2007 year on year performance of the company rose by more than 40%. .</ P> <P> Daily News has been disclosed in the company of Chinese Star Chemical notice the biggest increase year on year, prices rose by glyphosate decreased the impact of tax, 1 month -6 months net profit attributable to equity holders is expected to .400% increase over the previous year -500%. .Performance year on year increase of more than 50% of the shares along with odd days, Siyuan Electric, Eastcom Peace, Suning Appliance, the wind technology, new, and as such more than a dozen companies, the growth for the company because product prices, or because the scale of operation .further expansion, and the industries in which little more than the energy business or a new consumer technology industry. .However, most small board increase in the company's performance is less than 30%, the group of energy companies such as net profit fell more than 50%, some companies such as Jiangsu Qionghua, Mizuda, landscape chemicals, high-tech sheets of copper, zinc Luo electricity, .Xiangtan Electrochemical, ANE DDA, titanium dioxide and other companies in the nucleus in the red for the first time. .Jiangsu Qionghua which the company expects results for January to June 2008, the amount of loss among the 15 million -2000 million, performance is the main reason for changes in raw material prices continued to rise with oil prices, production costs increased significantly. .Luo zinc electricity is worse, while sharp decline in prices, while price increases in turn increasing cost pressures. .</ P> <P> In addition, the small plates, many of the company in processing enterprises, RMB appreciation, tax rate down, raw material prices and tight monetary policy led to increased financing costs and other business have brought their .a lot of pressure, such as the Tung Wah Group of energy, high-tech sheets of copper, the new medicine in Beijing, seven-holding, high gold food. .</ P>.