Financial Services Association, April 20 (Editor Ruo Yu) The A-share quarterly report is in full swing this week. The same shares closed six consecutive markets on Friday, with net profit up to 455% year on year. Andaville, which had a maximum advance increase of 8.37 times year on year, closed two consecutive 20CM rises and stops. Ganneng Co., Ltd., with net profit up to 37.9 times a year on year, recorded two consecutive sessions on Wednesday. Furthermore, the day after the announcement of the disclosure of pre-performance/pre-profit, Zhaomin Technology and Baiwei Storage closed up 20CM, Zhengdan shares rose and stopped at an intraday high of more than 19%, Rongtai Health and Lishang Guochao rose or stopped, and Baoguang shares closed up or down.

According to Choice data, as of press release, a total of 195 A-share listed companies have released their performance forecasts for the first quarter of 2024. Among them, net profit for 15 stocks exceeded the upper limit of 300% year-on-year, namely Ganneng Co., Ltd., Huayuan Holdings, Andaville, Hunan Development, Chuanjinnuo, Zhengdan, Tongwei, Aerospace Technology, Yutong Optics, Guoguang Electric, Shenghua New Materials, Jingchen Co., Ltd., Kibing Group, and BOE A. See chart below for details:

Looking specifically at individual stocks, Ganneng Co., Ltd., a power generation company under the Jiangtou Group, which belongs to the Jiangxi State-owned Assets Administration Commission, temporarily took the lead with a performance growth rate of 37.9 times. After the market on Monday, it revealed a pre-performance increase announcement, which rose and stopped the next day, and closed on Wednesday. The company expects net profit of 188 million yuan to 216 million yuan for the first quarter, an increase of 3285.92% to 3790.21% over the previous year. According to estimates, net profit for Q1 in 2024 increased 132%-166% month-on-month. The company said that the reason for the year-on-year increase in performance was the reduction in fuel costs for the current phase of the company's thermal power plant Fengcheng Power Plant compared to the same period last year.

Ganneng Co., Ltd. announced on the same day that the company's power plants achieved feed-in power of 3.848 billion kilowatt-hours in the first quarter of 2024, an increase of 0.39% over the same period last year. Among them, market-traded electricity volume was 3.754 billion kilowatt-hours, accounting for 97.56% of feed-in electricity. In addition, as of March 31, 2024, the 5.98MW rooftop distributed photovoltaic power generation project of Jiangxi Lianyi Optics Co., Ltd., the 5.98MW rooftop distributed photovoltaic power generation project of Jiangxi Ganneng Co., Ltd., the 1.38MW photovoltaic power generation project of Ganjiang New Area Biomedical Industrial Park, the Ganneng River Tungsten Gold Ring Magnetic Selection 1.26MW Rooftop Distributed Photovoltaic Power Generation Project, and the Ganneng River Copper and Copper Foil (Phase IV) 1.2MW plant distributed photovoltaic power generation project have been successfully connected to the grid.

Andawel, the core supplier of helicopter airborne systems, recorded two consecutive 20CM gains and stops after announcing a pre-increase in performance after the set on Wednesday. The company expects net profit of 5 million yuan to 6 million yuan for the first quarter of 2024, an increase of 681.13% to 837.35% over the previous year. Andawel said that the year-on-year increase in net profit was mainly due to the company's year-on-year increase in revenue targets for the first quarter as planned while receiving government subsidies.

Li Hongtao of Huajin Securities pointed out in an April 16 research report that in 2024, Andaville will continue to promote the improvement of R&D capabilities. On the one hand, it will focus on promoting the construction of technical capabilities including simulation and forward design of aviation kitchen plug-ins, and strive to achieve FAA/EASA airworthiness certification for aviation kitchen plug-in products and the addition of Airbus “wire mounted equipment (SFE)” suppliers. On the other hand, in 2024, the company will develop a series of eVTOL products to promote research and development of key product projects such as implementation, virtual and structural (LVC) joint training systems. Currently, the company has carried out extensive business contacts and technical connections with industry customers, and some customers have entered the business negotiation stage for specific products to seize opportunities in strategic emerging industries.

In addition, the listed companies with the highest year-on-year advance increase in quarterly reports also include Lanqi Technology and Huayuan Holdings (see last Monday's quarterly report forecast inventory for details: 20CM rose and stopped in response! (The A-share quarterly report market progressed in depth, with the highest net profit increase of more than 200% year-on-year for 16 listed companies)

Zhengdan Co., Ltd., a leading global TMA company, revealed the highest intraday increase of more than 19% the day after the pre-market announcement on Monday. The biggest cumulative increase in stock prices in the four trading days so far was 47%. Zhengdan Co., Ltd. expects net profit of 55 million to 65 million yuan for the first quarter of 2024, an increase of 378.22% to 465.17% over the previous year. Affected by changes in market supply, the sales volume and unit sales price of terephthalic anhydride products both increased significantly compared to the same period last year. Market share rose steadily, and revenue increased steadily year on year. The company announced stock trading changes on the same day. The company is concerned about recent market rumors circulating on stock bars and other platforms about the permanent shutdown of its terephthalic anhydride production plant. Currently, the company has not directly received an announcement from Innix of the United States announcing the permanent discontinuation of production of the paraphthalic anhydride production plant. Investors are kindly requested to pay attention to investment risks.

Haitong International's April 12 research report pointed out that the main products of Zhengdan Co., Ltd. currently include triterephthalic anhydride (TMA), trioctyl terephthalate (TOTM), and dioctyl terephthalate (DOTP), as well as new high-end products vinyltoluene (VT) and quaterylene. Currently, the company occupies a leading market position in China and even in the global TMA market. It is one of the few fine chemical companies that can use a continuous method to produce TMA; with outstanding quality advantages and industrial chain advantages, the company has rapidly grown into a leading brand position in the TMA market segment. The company also has a certain popularity and market position in the entire domestic field of fine chemicals and environmentally friendly new materials. In terms of industrial chain layout, the company has laid out downstream plasticizer production capacity and also has the ability to produce vinyltoluene, improving product diversity.

Rongtai Health, a supplier of massage equipment (mainly massage chairs) focusing on the health industry, revealed a pre-increase in performance announcements after the market on Monday, rising and stopping the next day, and recorded two consecutive records at the close of Wednesday. The company expects to achieve net profit attributable to shareholders of listed companies in the first quarter of 2024 of 59.2521 million yuan to 64.5848 million yuan, an increase of 58% to 72.22% over the previous year. Rongtai Health said in the announcement that global economic growth momentum during the same period last year was insufficient, consumer demand was weak, and the company's domestic and foreign business orders were reduced or postponed. Consumption has recovered this year. The company made full use of its business advantages, seized opportunities, continuously optimized its product structure, actively expanded domestic and foreign market share, and achieved growth in major business profits.

Zhaomin Technology, a leading manufacturer of precision injection molded parts in China, disclosed a pre-market performance increase announcement on Tuesday that 20CM rose and stopped the next day. The company expects net profit of 34 million to 40 million yuan for the first quarter of 2024, an increase of 68%-97% over the previous year. Zhaomin Technology said in the announcement that the company continues to develop new products, make every effort to expand market share and product value, and strive to improve product performance and quality. In particular, the number of project targets and new customers continues to increase. In particular, new breakthroughs have been made in the NEV parts market. Targets used in many well-known domestic and foreign brands of new energy vehicles have entered the mass production stage one after another, and profits have increased over the same period last year.

Baiwei Storage, a small number of domestic companies that also master R&D, design, and package testing and manufacturing of NAND Flash and DRAM memories, revealed a 20CM rise and stop the day after the pre-market announcement on Tuesday. The company expects to achieve a net profit of 150 million yuan to 180 million yuan in the first quarter of 2024. Compared with the same period last year (statutory disclosure data), it turned a loss into a profit. During the reporting period, the storage industry continued to recover, and the company's business grew dramatically; in addition, the company continued to increase R&D investment in the fields of storage solution research and development, chip design, advanced packaging and testing equipment. In the first quarter of 2024, R&D expenses were about 100 million yuan, an increase of more than 200% over the previous year.

Lishang Guochao, a large commercial and trade enterprise group that mainly operates in the department store retail business, revealed a pre-increase in performance announcement after the market on Tuesday, and ended the day after the day, and recorded two consecutive sales records at the close of Thursday. The company expects to achieve net profit attributable to shareholders of listed companies of 60 million yuan to 64 million yuan in the first quarter of 2024, an increase of 144.57% to 160.87% over the previous year. The company's professional market operations have been repaired rapidly in this period, rent levels have increased relatively, and the commercial and retail business continues to develop, leading to a significant increase in profits from the main business.

The main business is vacuum arc extinguisher-related business and new energy-related business, Baoguang Co., Ltd., which disclosed a pre-performance increase announcement on Wednesday and closed higher or lower the next day. The company expects to achieve net profit of 16.14 million yuan in the first quarter of 2024, an increase of 73.18% over the previous year. The company said that during the reporting period, the company strengthened cost control throughout the process, adapted to market trends, and gave full play to its advantages. On the one hand, market development efforts were stepped up to promote the growth in domestic and international sales scale in the first quarter; on the other hand, the sales structure of main products was optimized to achieve a significant increase in profits over the same period. In addition, the company's other revenue increased by 2.67 million yuan year-on-year during the reporting period due to the impact of the value-added tax input tax credit plus deduction policy for advanced manufacturing industries.