As listed companies intensively disclose the results of the third quarterly report in 22, the performance forecast of the 22 annual report first released by some listed companies has attracted the attention of all parties. In this regard, Essence Securities said that A shares have always been an efficient performance-driven pricing market. A-share investors have never changed, and always like short-term performance growth, long-term logic and large space.

"Once the performance forecast is disclosed, it needs to be compared with the performance expectation of the enterprise itself to see whether it exceeds or falls short of the expectation. Even the growth enterprises, tuyere industries and traditional industries have different performance growth requirements." Pan Helin, executive dean of the Digital Economy Research Institute of Zhongnan University of Economics and Law, who was interviewed by the Securities Daily reporter, said. Pan Helin believes that "if the annual reports of enterprises in the industry get together, it is necessary to analyze the reasons. The performance of some industries is short-term and some are long-term. For example, it is a long-term trend for new energy vehicles to replace internal combustion engine vehicles, but pork price increases have some periodicity. Investors should look at specific industries to analyze, and it is the correct posture of investors to go deep into the fundamentals of the industry and the fundamentals of enterprises. "

According to the statistics of straight flush, the reporter of Securities Daily found that as of the close of October 22nd, 66 listed companies in Shanghai and Shenzhen stock markets had disclosed the performance forecast of the 22 annual report. Among them, the number of pre-happiness companies reached 29 (including pre-increase, slight increase, loss-making and profit-continuing), accounting for 43.94%.

through combing, the reporter found that at present, the pre-happiness stocks in the 22 annual report present four highlights.

first of all, the performance of most companies is growing steadily.

According to statistics, among the above 29 pre-happiness stocks, up to now, 18 companies have disclosed the results of the third quarterly report in 22, and 16 companies are expected to achieve double growth in net profit of the third quarterly report and annual report, accounting for nearly 9%, which shows the stability of performance growth.

"In the current market environment, the company's performance is particularly important." Li Shixian, head of the investment research department of Banyan Tree, told the Securities Daily reporter, "Because the overall valuation of the current market is high, the company can only digest the high valuation through continuous performance growth. In the case of shrinking market liquidity, companies with lower performance than expected may sell off. Companies with performance exceeding expectations have greater allocation value, and market funds may lay out sectors with better performance expectations in the annual report in advance. "

secondly, the stable and sustained growth performance boosted the stock price. In October, when the market fluctuated and climbed, the above-mentioned 29 annual report pre-happiness stocks performed well, and 19 stocks outperformed the Shanghai Composite Index (with a monthly increase of 2.94%), accounting for more than 6%. Among them, 8 stocks including Zhongtian Rocket, Li Angwei, Kangtai Medicine, Jinlitai, Jinchun, Huguang, Matsui and Liding Optoelectronics all rose more than 1% in a month, which was very eye-catching.

"the policy stimulus has been boosted, and the market has ushered in important support in the medium and long term. In this context, blue-chip stocks with steady growth in performance have performed strongly, and the signs that the market has turned from liquidity-driven to performance-driven are relatively obvious. In particular, the performance of blue-chip stocks in popular industries such as technology and medicine is still beyond expectations. The goal of holding a group, such targets can be focused on. " Jufeng Investment made such a statement.

third, funds from all walks of life poured into the layout of blue-chip stocks. Statistics show that among the above 29 annual report pre-happiness stocks, 1 annual report pre-happiness stocks have been favored by mainstream funds in the market since October, with a total of 1.557 billion yuan. Among them, the cumulative net inflow of large single funds during the pre-happiness period of two annual reports, such as Li 'angwei and Chifeng Gold, exceeded 1 million yuan, and five annual reports, such as Zhongtian Rocket, Matsui, Jinlitai, Huguang and Yuanli, were all robbed by large single funds of more than 1 million yuan during the month.

finally, pre-happiness stocks cluster in three industries. After further combing, it is found that the above-mentioned pre-happiness companies are mainly clustered in four or more industries, including pharmaceutical biology (five), electronics (five) and chemical industry (four).

Regarding the investment opportunities in the market outlook, Hu Bo, the future star fund manager of the private placement network, told the Securities Daily reporter, "This year, the industries of science and technology, medicine, chemical industry, etc. have seen a large overall increase, and the overall valuation is also at a historical high level. The stock prices of most companies in the industry remain at a high level, indicating that the current stock prices and valuations have fully reflected their annual report performance expectations, and the market is also waiting for the annual report performance forecast to determine its next trend. Specific stock opportunities should be treated differently. Only those varieties that exceed the performance expectations of the annual report will have further performance, and those targets with lower performance than expected may be further trimmed. "

Table: Individual stocks whose annual report forecast performance has been disclosed

Table: Ren Shibi.