First, from the characteristics of blue-chip stocks, first of all, blue-chip companies have a long history, high reputation and good credit, strong product competitiveness, relatively stable profitability, and can better resist cyclical fluctuations, while the dividend policy is stable and the dividend yield is high; Secondly, blue-chip stocks represent the changing direction of economic structure and industrial structure, and grasp the pulse of the times. For example, the Dow Jones Industrial Average is the oldest blue chip in the global stock market, and the structural changes of its index components reflect the overall changes of the American economic structure; Finally, the characteristics of large market value and large circulation of blue-chip companies make their stock trading relatively difficult to be manipulated.
Secondly, in terms of performance, by the end of April of 20 12, all 938 listed companies in Shanghai had disclosed the 20 1 1 annual report, of which the total assets and net assets of 20 180 index stocks accounted for 93.3% of the total number of listed companies in Shanghai. 20 1 1 * *, operating income133539.7108 million yuan, net profit 1465008 million yuan, accounting for 74.9% and 89.2% of the total operating income and net profit of all listed companies respectively. Not only is the performance higher than the average level of Shanghai stock market, but the performance growth rate is still higher than the overall level of Shanghai stock market under the general environment of 20 1 1 overall economic slowdown.
Third, from the dividend situation, among the constituent stocks of SSE 180 index, * * 145 listed companies announced profit distribution plans, among which 143 companies made cash dividends, and the total cash to be distributed was 408.626 billion yuan, accounting for 20 180 constituent stocks. Among them, there are six companies whose cash dividend of 20 1 1 exceeds 10 billion yuan, namely Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China, China Petroleum and China Petrochemical, accounting for 34%, 35%, 23% and 40% of their net profit respectively. Stable dividends provide similar income characteristics to bonds and can provide investors with relatively stable cash flow.
Fourthly, from the perspective of corporate governance, taking the constituent stocks of Shanghai Stock Exchange 180 index as an example, most listed companies have performed well in corporate governance and standardized operation. Excellent and honest management team and standardized company operation are the cornerstones to realize the sustained, stable and rapid development of the company and maximize shareholder value.
Theme stocks are subject-oriented, such as Olympic-related stocks during the Olympic Games. Theme stocks are stocks with good news such as restructuring, private placement and overall listing.