Starting from July 15, the semi-annual report disclosure of A-share listed companies will officially begin.

According to announcements from the Shanghai and Shenzhen Stock Exchanges, Meihua Biotech, Wohua Pharmaceutical, and Mike Biotech will be the first to release their first-half results.

At present, 100 listed companies have successively disclosed their interim report performance forecasts. Recently, the Wind interim report pre-increase section has also been active.

Sources said that in the next two weeks, a relatively intensive interim performance disclosure period will begin.

With the arrival of the interim report season, the market will also enter a performance verification period, and areas with supported performance may obtain excess returns in a volatile market environment.

CICC said that since the end of April, supported by factors such as the improvement of the epidemic, positive policies, and relatively loose liquidity, the A-share market has continued its upward trend.

In particular, the growth direction of the manufacturing industry has shown relative performance in this round of rebound.

After the valuation is restored, the mid-term performance may be one of the key factors to test the current upward trend, especially the growth style.

It is expected that the market will be dominated by structural opportunities in the second half of the year, and areas with supported performance may have excess returns in a volatile market environment.

Morgan Stanley Huaxin Fund believes that overall, market sentiment has continued to recover recently, trading volume has been relatively high, and public fund issuance has also picked up; at the same time, with the efforts of various policies, the economy may continue to recover, and the market is still

Upward inertia.

However, due to the large increase in the early stage, with the arrival of the performance window, the market will enter a performance verification period, and volatility will increase relatively.

In terms of prosperity, judging from the certainty of the interim report, it is expected that military industry and medicine will be relatively dominant.

CITIC Construction Investment believes that sectors expected to maintain high growth rates in the second quarter are still mainly concentrated in new energy (lithium battery materials, photovoltaics, lithium battery equipment), high-end manufacturing (military industry, semiconductor equipment, materials, IGBT), and medicine (CXO)

and resource products (coal, new energy metals, fluorine chemicals, fertilizers).

In addition, some varieties with poor performance expectations but established recovery trends are also expected to have good market performance after the boots are launched.

Related Q&A: Time regulations for disclosure of performance forecasts Legal analysis: According to the "Shanghai Stock Exchange Stock Listing Rules", companies listed on the Shanghai Stock Exchange should make performance forecasts in a timely manner on January 31 after the end of the year.

According to the "Shenzhen Stock Exchange Stock Listing Rules", the disclosure time of performance forecasts is: first quarter forecast before April 15 of the current year; semi-annual report forecast before July 15 of the current year; third quarter forecast before October 15 of the current year;

The notice is due before January 31st of the following year.

Legal basis: "Shenzhen Stock Exchange Stock Listing Rules" Article 1 Listed companies and relevant information disclosure obligors shall comply with laws, administrative regulations, departmental rules, normative documents, these Rules and the detailed rules, guidelines and notices issued by the Exchange, etc.

Relevant regulations stipulate that information should be disclosed promptly and fairly, and the information disclosed should be guaranteed to be true, accurate, and complete, and there should be no false records, misleading statements, or major omissions.

Article 10 of the "Shanghai Stock Exchange Stock Listing Rules" Listed companies shall formulate and implement information disclosure management systems in accordance with relevant regulations.

After the information disclosure management system is reviewed and approved by the company's board of directors, it shall be reported to the Exchange for filing in a timely manner and disclosed on the Exchange's website.