BEIJING, June 8 (Xinhua) -- Around 58 percent of the 477 Shanghai- & Shenzhen-listed firms foresaw optimistic semiannual financial results by Sunday, reported Xinhua-run Xinhua Finance Tuesday.
By June 6, 279 ones of the 477 A-share market-listed companies have publicized their semiannual financial results forecast and expected to embrace hefty and minor increases in profit growth, return to profitability, or continue to profit in the first half of this year.
Among them, 121 A-share market listed firms predicted their net profit to double and 19 of them anticipated more than 10 times of year-on-year net profit growth from January to June.
For the 121 companies, 25 ones are chemical firms and others are engaged in industries such as automobile, machinery equipment, electronics, pharmaceuticals, non-ferrous metal, and light industrial manufacturing.
Since the start of this year, listed firms in chemical sector generally saw their profitability improve thanks to fast rises in bulk commodity prices, fueling Do-Fluoride Chemicals Co., Ltd. (002407.SZ), Inner Mongolia Yuan Xing Energy Co., Ltd. (000683.SZ), Jiangsu Huifeng Bio Agriculture Co., Ltd. (002496.SZ), Gpro Titanium Industry Co., Ltd. (000545.SZ) to anticipate more than 10 times of net profit growth in the first half of 2021.
Driven mainly by robust demand for its new materials products and rapid price rises, Do-Fluoride Chemicals forecast reaping 270-320 million yuan of net profit in the first six months, marking a 1618.54 percent to 1936.79 percent increase from the same period in a year ago.
In automobile sector, Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ), Landai Technology Group Co., Ltd. (002765.SZ), Nanning Baling Technology Co., Ltd. (002592.SZ) and Guangdong Hongtu Technology (Holdings) Co., Ltd. (002101.SZ) expected their semiannual net profit to grow by more than 1000 percent year on year.
Analysts attributed the high industry business morale to the recovering auto sales and back-to-normal auto parts business in China.
Securities brokers believed sectors and stocks that are likely to post better-than-expected performance shall be paid more attention to.
As Essence Securities held, the liquidity environment and good risk appetite of investors will continue to support the stock market and the growth momentum. Under such circumstances, investors are advised to focus on the emerging opportunities hidden in non-core assets and seek investment chances ignored in the economic recovery and transformation in China.
For instance, the securities broker eyed opportunities in emerging sectors such as artificial intelligence, smart auto, and military industry, core sectors to continue to outperform the market including part of the semiconductor, Baijiu and medical firms, and industrial chains recovered from the epidemic such as banking, tourism, aviation and farm produce. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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