Caixin News October 6 (Editor Yuyu) The A-share third quarterly report season has kicked off. Last Sunday evening, shanghai yanpu, with the highest net profit for the first three quarters expected to increase by about 68% year-on-year, closed at the daily limit up the next day; Hangzhou great star industrial, which disclosed an expected increase in performance after last Friday's market close, also closed at the daily limit up the next day.

According to incomplete statistics from Caixin News, as of the time of this report, a total of 23 A-share listed companies have released their performance forecasts for the first quarter of 2024. Among them, 6 individual stocks have a maximum expected year-on-year net profit growth of over 50%, namely China Ocean Shipping, Guilin Layn Natural Ingredients Corp., Zhejiang Garden Biopharmaceutical, Shanghai Yanpu Metal Products, Zhongxin Shareholding, and Junhe Pumps Holding. Please refer to the specific details below:

Looking at individual stocks, China Ocean Shipping, which has the main business of domestic and international dry bulk transportation, currently leads with a performance growth rate of nearly 11 times. The company's announcement expects the net profit attributable to shareholders of listed companies for the first three quarters of 2024 to be between 81 million yuan and 91 million yuan, a year-on-year growth of 943.42%-1072.24%. The performance growth is mainly due to the rise in the BDI index, upgrading and adjusting the company's operational structure, and optimizing management operations.

Galaxy Securities' Fan Xiangxiang pointed out in a research report dated September 26 that due to the significant increase in the BDI index, which has brought good improvements and expectations for foreign trade freight rates, the company is investing a large amount of capacity into more competitive foreign trade routes. It is upgrading and transforming existing capacity, transferring some ship types that lack competitiveness in the domestic market but are more advantaged overseas to foreign trade routes. The domestic trade ship 'Guodian 7' was successfully upgraded and transformed into a ship that operates both in domestic and foreign trades, officially entering foreign trade routes in mid-August. Since its listing, the company has initiated a plan for the construction of '12+4' new ships. As of September 24, 2024, three newly built ships have been put into operation, all of which have shown excellent performance in energy saving and emission reduction, ship intelligence, and digitization. By the end of this year, the company is expected to put another three newly built ships into operation. With the construction and production of green, low-carbon, and energy-efficient ships, the company believes that its full-year revenue end is expected to continue to grow steadily.

Global leading enterprise in the plant extraction industry, Guilin Layn Natural Ingredients Corp., closely follows with the highest performance growth rate of 1.5 times. The company expects to achieve a net profit attributable to shareholders of listed companies between 81.8014 million yuan and 102.2517 million yuan, a year-on-year growth of 100%-150%. During the reporting period, the company's main business continued its high-growth trend, with expected operating income growth of around 30% compared to the same period last year. Guilin Layn Natural Ingredients Corp. stated that by continuously increasing research and development investment, optimizing product structure, focusing on tapping the deep application potential of customers, providing customized services and strengthening customer service capabilities of compound products, the company aims to continuously increase its market share in the main business.

Zhejiang Garden Biopharmaceutical, a globally renowned manufacturer of vitamin D3, cholesterol, and lanolin series products, expects the net profit attributable to shareholders of listed companies for the first three quarters of 2024 to be between 0.232 billion yuan and 0.262 billion yuan, an increase of 55.77%-75.92% compared to the same period last year. The main reasons for the performance change are the year-on-year increase in revenue and gross profit of the vitamin sector, the decrease in share-based payment expenses, and the impact of non-recurring gains and losses on net profit. It is estimated that the net profit in Q3 will be between 89.89 million yuan and 0.1199 billion yuan, with a quarter-on-quarter growth of 77.54%-136.8%.

Shanghai Yanpu, a leading auto parts supplier in the industry, with a relatively complete product line of car seat assemblies, closed at the daily limit up the day after announcing an increase in performance expectations. The company expects to achieve a net income attributable to shareholders of the listed company of approximately 10.7 billion yuan in the first three quarters of 2024, an increase of around 4.34 billion yuan compared to the same period last year, an expected increase of about 68%. The main reasons include strict implementation of cost control, increased new projects, sufficient market order volume, improved capacity utilization, cost reduction; continued lean production and process improvement, increased production efficiency; and rapid increase in capacity utilization due to new customers and orders for rail transit products.

Zhongxin Holdings, a dining utensil manufacturer focused on exports, with a leading global market share in pulp molded dining utensils, announced in the prospectus for its initial public offering on the main board that it expects a net profit attributable to the mother of 21 to 25 billion yuan for January-September, a year-on-year growth of 32.59% - 57.85%. It is understood that in terms of foreign customers, Zhongxin Holdings together with Starbucks jointly developed special molds for lid production. The company's domestic customers mainly consist of traders, with end customers including large commercial supermarkets and well-known chain dining enterprises such as Sam's Club and Hema Fresh. Zhongxin Holdings debuted on the Shanghai Stock Exchange main board on September 20th, rising by 58% on the first day of trading.

Junhe Pumps, a high-tech enterprise mainly engaged in the operation of household water pump products, announced last Tuesday that it expects a net profit attributable to the owner of the parent company of 56 to 62 million yuan in the first three quarters of 2024, an increase of 14.6912 million to 20.6912 million yuan compared to the same period last year, a year-on-year increase of 35.56% to 50.09%. The performance growth is mainly attributed to the increase in overseas market demand, the enhancement of company product sales volume and gross margin, as well as strengthened internal management and brand development.