Quarterly reports of listed companies to disclose their bows for nearly 70% of poor performance

In Shanghai and Shenzhen stock as of April 28 total 1125 company announced a quarterly report from the net profit, excluding the incomparable factors, listed a quarter the net profit of about $ 923.47 billion, an increase of 9.23%, and full-year 2007 net profit year-over-year increase of decreased compared to approximately 35%, nearly 70% of the company's poor performance.

(Http://) and Shenzhen City total 1125 company announces first quarter 2008, the company reported a quarterly growth rate has slowed significantly. This statistical information in the data center, the main business income of listed companies achieve about 1.45 billion, an increase of 27.11%, and in 2007, the main business income 25.02% year-over-year increases of basic fairness. But judging from the net profit, excluding the incomparable factors, listed a quarter the net profit of about $ 923.47 billion, an increase of 9.23%, and full-year 2007 net profit compared with the year-over-year increase, decrease by approximately 35%.

In particular, if you remove a quarter net profits of the top ten companies, the remaining 1115 company net profit year-on-year growth rate was increased to 36.05%; if you remove this ten companies, 1115 company 2007 net profit up 54.53 percent.

These first ten companies created 376.87 billion net profit, 1125 company net profit 40.81%. Visible, the current market in both the profitability or profits of scale, is obviously to large companies.

Nearly 70% of the company's net profit growth slows

A quarterly bulletin of disclosed, 432 company net profit year-on-year reduction, 1125 company 38.4%, of which declined in more than 50% of the 220; loss of the company up to 144; there are 184 companies performance while the year-on-year growth, but growth is less than the overall market growth rate. This is, in the first quarter of this year decreased performance and increase losses, is less than the average level of the company totals total 760 company, has disclosed quarterly bulletin comparable companies house number 67.55%.

In addition to industry boom indicator is, the capital market of cold is also slower growth in net profit. A quarter of companies investment income only 21.7 percent, far behind last year's annual report data, and the significant decline in the fair value of also participate in the secondary market investments in listed companies and tasted the bitter pill.

Overall, a quarterly bulletin, 2008 listed companies: corporate earnings growth has slowed down trend; rising costs, declining profit growth is the main reason; investment income on the net profit contribution dropped significantly, and some companies even as investment result in losses.

All industries are not bitter

Published in the quarterly bulletin of industry data and statistics, integrated, real estate, information equipment, agriculture and forestry, animal husbandry and fishing and other four industry growth rate of over 30% growth respectively 91.8%, 98.98%, 39.22 41.67 percent.

Analysis shows that, due to the tightening of monetary policy affects a large number of real estate companies began selling real estate, settlement area has increased substantially, collecting funds commensurately. Agriculture, forestry, animal husbandry and fishing industry is obviously affected by a sharp rise in food prices, relevant listed companies begin to get the benefits of industry prosperity.

By upstream cost squeeze is obvious slowdown in industry growth rate. Utilities industry in upstream price under control, raw material prices rising dual factors, a quarterly net profit year-on-year decline 64.85%. The steel industry in the iron ore price rise, State-controlled dual steel exports, Q1 net profit up 20.69 percent, well below the average.

In fact, be a quarter of ice and snow continued appreciation of the Renminbi, disaster, and costs, and other adverse factors together, some facing cost pressures and product price regulated industries such as electricity, gas and water industry performance affected is large; the cost pressure is small, the relative bargaining power of industries, such as food and beverage, retail and wholesale industries growth relative stability.

In fact, in inflationary pressures increase, the industrial chain full enterprise and has a complete industrial chain of enterprises, can be expected to largely avoid and digestion upstream cost increase of the pressure, to enjoy the benefits of the downstream product price increases.

Fair value shrink profit erosion

Under the new accounting standards, the trading of financial assets will bring changes in net income. According to incomplete statistics, at the end of last year or the first quarter of this year have trading of financial assets of 80 companies, changes in the fair value of net income totals-17.17 billion. The company's first quarter net profit totaled $ 158.94 million, change in fair value of net income to net profit ratio 10.80%. A stock market declines, has affected the stock listed company's operating results.

For example, suchangchai in the first quarter of this year-over-year net profit down 26.15%. The company holds 10 million shares of Futian automotive as transactions of financial assets due to the fall in stock prices, resulting in $ 999 affecting their income. While Suchangchai in the first quarter of this year's net profit amounted to only 807.33 million investment losses accounted period net profit ratio of 123.74%! for the first half of the net profit the company is expected to be significantly lower than the same period last year more than 80%, the company's stock price is $ from 17.6 high up declined 59.15%. Market slump, the cross-shareholdings in listed companies of destruction.

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Sany heavy industry. In the first quarter of this year the company achieved operating income 26.64 billion yuan, an increase of 38.74%; excluding the new accounting standard for business enterprises, factors affecting a quarter of revenue growth compared with the actual 98.70%. But on the other hand, the decline in investment income also let the company into a "not increased profits". Quarterly Bulletin, Sany heavy industry a quarter net profit fell 3.03 billion yuan, an 17.41%. Especially given the first quarter of the stock market downturn, the reporting period, changes in fair value gains and losses over a decrease in investment income of $ 1.09 earlier 0.85 billion.

60% of companies reported increase in advance

As of April 28, a total of 384 company publication notice of interim results this year and is expected to report results in the growth of the company accounted for 60% of the total number of advance notice, in advance of the company covers more than reached 13 per cent. Enrichment are mainly from machinery, chemical industry prosperity within the plate number, but the majority of pre cut company was frustrated with exports rising costs and other factors.

Review the 2007 interim results forecast can be found at enrichment company accounted for 54%, minus the company accounted for 7%. Contrast, although the proportion of enrichment company have slightly improved, but reduced the company's ratio is increased. A study of people think that this reflects the economic situation of the companies reached profit cycle of vertices.

Statistical data show that the disclosure of interim results are expected of listed companies, enrichment of 225 companies, from 49, projected earnings of 52, expected loss of 54 home, not sure of the company there are 4 family. Enrichment of the company, 50 companies of the increase of more than 100%.

225 family enrichment on the company's statistics indicate that the machinery and chemical industry appeared 30 enrichment company, pharmaceutical biology and building materials industries also appear 15 enrichment company; and utilities and financial services industry are only 2 and 1 family enrichment, precisely reflects the industry currently faces a number of negative factors.

From the breakdown of industry, machinery industry of enrichment company mainly occur in the transmission and distribution system, electric automatic control equipment, engineering machinery, etc. If the performance is expected in the first half of jinfeng science grew 60%-90%. The main reason is to benefit from the company's main business market demand, orders, production and sales growth. Changzheng electric also anticipates that the January-June, realized net profit year-on-year growth of 300%. The main reason is the company stepped on high-voltage, medium voltage products production and marketing efforts, some of the new product sales effective amplification, product sales revenue and profits to keep good growth trend. But since last year, all the way to sing "," chemical industry, chemical materials, fertilizer, pesticides and other companies in the digital economy.

Vigilance is, most pre-reduced company performance to involvement in snow and ice hazards, frustrated with exports rising costs, in particular, petrochemical, light manufacturing, tourism and catering services for the textile and clothing industries, has obvious face disadvantage. Rising costs and export difficulties probably won't make too many company appeared performance decline, but earnings affected by extrusion, performance slowdown is not reality.