NT Biotech, which announced better-than-expected first-half results after Wednesday's close, hit a 20cm limit up the next day. Junhe Pumps Holding, which announced mid-year results in Tuesday evening, hit a limit up in the next day's session, with the highest rise of over 10% in BaWei Storage. Check the list of A-share listed companies that have released half-year performance forecasts and the latest brokerage research reports (see table).
Cailian Press, June 23 (Editor Yu Qi) The A-share half-yearly report market has begun. After the Wednesday's market, Notai Biology, which reported the highest year-on-year net profit increase of 497% in the first half of the year, hit the daily limit of 20 cm the next day. Junhe Pumps Holding, which released its half-yearly performance forecast on Tuesday evening, hit the daily limit the next day. The same day, Baiwei Storage, which announced its performance forecast the same day, rose more than 10% in the highest level in the next day's trading.
According to Cailian Press's incomplete statistics, as of the publication, 11 A-share listed companies, including Notai Biology, Fujian Tianma Technology, Honghua Numerical Control, Wuxi Autowell Technology Co., Ltd., Nanshan Technology, Baiwei Storage, Junhe Pumps Holding, China Ocean Shipping (Group) Company, Lite-On Technology Co., Ltd., Zibo Qixiang Tengda Chemical and Luxshare Precision Industry, have announced their performance forecasts for the first half of 2024, all of which are expected to achieve net profit growth. The specific situation is shown in the following figure:
Looking at individual stocks, Qixiang Tengda, the largest domestic producer of acetone and butanone, temporarily leads with a performance growth rate of more than 6 times, and its performance announcement last Monday rose a daily limit the next day. The company expects to achieve a net profit of 130 million to 150 million yuan in the first half of the year, a year-on-year increase of 536.03% to 633.88%. Qixiang Tengda said that during the reporting period, the prices of chemical raw materials have been affected by supply and demand, resulting in a slight decrease, and the profitability of products has improved to some extent; with the recovery of the economy, demand has gradually improved, and product prices have begun to show signs of recovery, with some product prices rising year-on-year; the quantity and amount of exported products have increased significantly year-on-year.
Notai Biology is closely followed by the highest growth rate of nearly 5 times. After its performance increase announcement last Wednesday after the market, it hit the daily limit of 20cm the next day, and again rose more than 10% in the highest level during Friday's trading. The company expects to achieve a net profit of 180 million yuan to 250 million yuan in the first half of the year, a year-on-year increase of 330% to 497%. It is estimated that the net profit growth rate in the second quarter will increase by 72%-177% on a month-on-month basis. As for the main reasons for the performance growth, Notai Biology said that the performance growth benefited from the company's continuous increase in the volume of its self-selected products and the increase in revenue proportion.
In a research report by Minsheng Securities on June 21, Wang Ban pointed out that Notai Biology has established multiple advantages in the field of polypeptide APIs, and the technical transformation project of the 106 workshop polypeptide APIs has been put into production smoothly. The production capacity of polypeptide APIs has now reached the tonnage scale; the batch production of polypeptide APIs such as MeGluRa peptide has exceeded 10 kilograms, and the scale effect continues to show. The company's future performance is expected to continue to grow rapidly.
Junhe Pumps Holding, which mainly engages in the export business of household water pumps, hit the daily limit after its performance increase announcement last Tuesday after the market. Its announcement predicts that the net profit for the half year will increase by 110% to 150%, to 31.79 million yuan to 37.85 million yuan. Junhe Pumps said that the overseas market has rebounded since the fourth quarter of 2023, downstream customer demand has continued to recover, and the company's in-hand orders have returned to historical highs during the same period, leading to a effective increase in the company's product sales volume and gross margin ratio.
Baiwei Storage, a domestic enterprise that simultaneously masters the R&D, design, and testing and manufacturing of NAND Flash and DRAM memory, rose more than 10% on the next day after its performance increase announcement after the market last Tuesday. The company expects to achieve a net profit attributable to the parent of 280 million yuan to 330 million yuan in the first half of the year, compared with a loss of 296 million yuan in the same period last year. Regarding the reasons for the performance changes in this period, Baiwei Storage said that it is mainly due to the recovery of the industry and the significant growth of the company's business. In the first half of 2024, the company firmly seized the upward opportunities of the industry, vigorously expanded first-line customers at home and abroad, achieved breakthrough growth in the market and business, and the sales volume of products increased significantly year-on-year. The company continued to increase its research and development investment in storage solution development, chip design, advanced packaging and testing equipment, and R&D expenses in the first half of 2024 was about 210 million yuan, an increase of more than 170% year-on-year.
Nanshan Technology, which occupies a leading position in the market in the field of fast charging chip for smart phones, rose more than 6% after its performance increase announcement after Wednesday evening, and rose more than 8% again during Thursday's trading. The company predicts that its net profit for the first half of the year will be between 203 million yuan and 221 million yuan, a year-on-year increase of 101.28% to 119.16%. According to calculations, the net profit growth rate in the second quarter is expected to increase by 1%-18.8% on a month-on-month basis. Nanshan Technology said that during the reporting period, the company's business scale expanded due to the recovery of terminal demand. The company continued to launch market-competitive products, and its in-hand orders were full, with its main business growing steadily.
Sun Yuanfeng of Huajin Securities said in a research report on June 19 that Nanshan Technology has established a leading position in the field of fast charging chips for smart phones, with its charge pump products ranking first in the world. A highly integrated charge pump chip with multiple functions such as protocol/screen flashing/forward charging/reverse discharge/Master Charger has been put into mass production and shipped at the customer's end. As an analog company whose revenue accounts for a relatively high proportion of mobile phones, it has significantly benefited from the growth space of AI mobile phones.
Last Tuesday, OLED terminal organic material production company Laiter Optoelectronics released a performance pre-increase announcement after the market closed. The following day, during trading, the highest increase was more than 6%. Its announcement predicts that the net income for the first half of the year will be between 81.0647 million yuan and 104 million yuan, an increase of 85.32% to 136.80% year-on-year. Regarding the reasons for the change in performance this period, Laiter Optoelectronics stated that it is mainly due to the continuous growth of downstream market demand for OLED, and a significant year-on-year increase in revenue from the company’s OLED terminal materials.