① The disclosure of the annual reports of A-share listed companies is in full swing. According to the latest data, social security funds appeared on the list of the top ten tradable shareholders of 257 listed companies. ② Looking at it over a long period of time, OCT A has been held by the Social Security Fund for the longest time, with China Resources 39 ranking second; ③ sort out the list of individual stocks held by the Social Security Fund for more than 10 years (attached table).
Financial Services Association, April 13 (Editor: Li Chen Ping) As an important long-term investor in the A-share market, social security funds have attracted much attention. As of press release, Choice data shows that among the listed companies that have published their 2023 annual reports, social security funds are on the list of the top ten tradable shareholders of 257 companies. Looking at it over a long period of time, 28 individual stocks, including OCT A, Yunnan Baiyao, and Lutai A, have been held by the Social Security Fund for more than 5 years.
Looking back further, the individual stock that the Social Security Fund has held for the longest time is OCT A, whose main business is tourism and real estate business. It has held 51 quarters since the second quarter of 2011, and has continued for more than 12 years. Judging from the 2023 report released by OCT A, OCT A recently received heavy holdings of 114 portfolios of the National Social Security Fund and 413 portfolios of the National Social Security Fund, ranking the fifth and eighth largest tradable shareholders of the company, with a total market value of 427 million yuan. OCT A disclosed its annual report on March 29. In 2023, it achieved operating income of 55.744 billion yuan, a year-on-year decrease of 27.39%; net profit loss was 6.492 billion yuan, or 10.905 billion yuan for the same period last year. OCT A held the 2023 annual results meeting on April 2. Regarding the question of whether the company has non-standard asset financing and whether the financing method has repayment risks, Liu Yu, the company's deputy general accountant, said that currently the company's non-standard financing is mainly bonded financing.
China Resources 39, which is mainly engaged in pharmaceutical product development and related health services, is second only to OCT A in terms of holding period. Since the third quarter of 2011, it has held 50 quarters for a total of more than 12 years. According to China Resources's 2019 Annual Report, as of the end of 2023, 106 portfolios of national social security funds ranked 7th in the list of the top ten tradable shareholders, with a market value of 231 million yuan. China Resources 39 said on an interactive platform on Friday that due to rising costs, the company's OTC core products will consider the possibility of moderately small price increases, mainly to cover the impact of rising costs, and will also fully consider the degree of acceptance by consumers and patients.
Furthermore, Bank of Communications, Agricultural Bank, Hualu Hengsheng, Hongfa Co., Ltd., Xiangdian Co., Ltd., OCT A, and China Resources 39 have all been held by social security funds for more than 10 years. According to the annual report data disclosed in 2023, the shares held by the Bank of Communications and Agricultural Bank of China from the Social Security Fund all accounted for more than 7% of tradable shares; the shares held by Hualu Hengsheng, Hongfa, Xiangdian, OCT A, and China Resources 39 accounted for 5.56%, 3.27%, 2.15%, 1.94%, and 0.47% of tradable shares, respectively. The details are shown below:
The market value of the Bank of Communications and the Agricultural Bank of China's social security fund holdings was 17.824 billion yuan and 85.616 billion yuan respectively. Judging from the annual report disclosed by the Bank of Communications, the National Social Security Fund Council ranks third among the top ten tradable shareholders. Judging from the annual report disclosed by the Agricultural Bank, the National Social Security Fund Council ranks fourth among the top ten tradable shareholders. Zheshang Securities Liang Fengjie and others said in a research report released on March 27 that Bank of Communications's profit in 2023 will remain stable, the dividend ratio will remain high, and the dividend cost ratio will be outstanding. Looking ahead, due to the decline in interest spreads in the industry, it is expected that Bank of Communications profits will still face some pressure in 2024.
Hualu Hengsheng, a leader in segmented chemicals, received a market value of 3.24 billion yuan in social security fund holdings. Judging from the disclosed annual report, 106 national social security fund portfolios, 118 national social security fund portfolios, 103 national social security fund portfolios, and 114 national social security fund portfolios ranked third, sixth, seventh, and ninth among the top ten tradable shareholders respectively. Yu Yuyi of BOC Securities and others said in a research report released on April 8 that due to the decline in industry sentiment, Hualu Hengsheng's performance is under pressure in the short term, and they are optimistic about future profit recovery and the development potential of the Jingzhou base. In 2023, Hualu Hengsheng successfully passed the Ministry of Industry and Information Technology's industrial energy efficiency inspection and Shandong Province's “two high” industry energy consumption verification. By digging deeper into the potential of devices and systems and strengthening lean management, Hualu Hengsheng's low cost advantage was clearly consolidated.
Hongfa Co., Ltd., a leading company in the relay industry, received 942 million yuan in social security fund positions. Judging from the disclosed annual reports, 102 national social security fund portfolios, 406 national social security fund portfolios, and 113 national social security fund portfolios ranked fourth, sixth, and ninth among the top ten tradable shareholders respectively. Wu Jiaxiong of BOC Securities and others said in a research report released on April 1 that Hongfa Co., Ltd. released its 2023 annual report, and its performance increased 11.42% year over year. The volume and profit of relays and electrical products of Hongfa Co., Ltd. grew with high quality, and the operating cash flow performance was impressive. Hongfa Co., Ltd. is speeding up overseas manufacturing construction, and the expansion of production capacity is driving the company's development. Furthermore, the relay products of Hongfa Co., Ltd. have been ranked among the best in the world, and profits have risen sharply.
Electromagnetic leader Xiangdian Co., Ltd. received 381 million yuan in social security fund positions. Judging from the disclosed annual report, the 503 portfolio of national social security funds ranked the third largest tradable shareholder. On April 9, Xiangdian Co., Ltd. announced its 2023 annual report. Operating revenue was 4.563 billion yuan, down 0.31% year on year, and net profit was 300 million yuan, up 15.24% year on year. According to data, the main business of Xiangdian Co., Ltd. is the design, production and sale of generators, AC/DC motors, special motors, marine propulsion systems, electrical control equipment, mechatronic systems, transformers, and wind turbines; development and development of subway vehicle traction systems and hybrid vehicle drive systems.