The curtain has been raised on the mid-year performance forecasts,and in the first half of this year,with only 806 stocks rising or remaining flat,the semi-annual reports have garnered particular attention from investors.

As of 5 PM on July 4th,a total of 68 listed companies on the A-share market have disclosed their performance forecasts for the first half of 2024.Except for UCloud (688158.SH) and Wanyeah Enterprise (600641.SH),which continued to suffer losses or had their first losses,respectively,all other companies have achieved profits of varying scales.Among them,34 companies are expected to see an increase,19 a slight increase,3 to continue making profits,6 to turn losses into profits,3 to see a decrease,and 1 a slight decrease.

Companies in industries such as general equipment,specialized equipment,and pharmaceutical manufacturing have performed well due to the specific niches they occupy.In addition,the continuous increase in penetration rate of new energy vehicles since the beginning of this year has also driven the performance growth of related manufacturers in the industry chain,becoming one of the biggest highlights of the current mid-year report forecast period.

Twenty-three companies have seen their net profits double.

Data shows that among the 68 companies that have announced performance forecasts,with the upper limit of the net profit increase rate,41 companies have a net profit growth rate of over 50%,of which 23 have seen their net profits double.

Looking at the industry distribution,the listed companies that have disclosed performance forecasts and are at the forefront of growth mainly come from industries such as computer,automobile manufacturing,specialized equipment manufacturing,pharmaceutical manufacturing,and general equipment manufacturing.

After the market closed on July 4th,several listed companies released their performance forecasts.According to the upper limit of net profit growth rate,the one with the highest expected growth rate is Micro-Electrode Physiology (688351.SH),which is expected to achieve operating income of 195 million to 210 million yuan in the first half of the year,with a year-on-year growth rate of 37.21% to 47.76%,and is expected to achieve a net profit of 15 million to 20 million yuan,with a year-on-year growth rate of 595.92% to 827.89%.

Six listed companies are expected to turn losses into profits in the first half of the year,including Gree Power (301260.SZ),Tianma Technology (603668.SH),BoMaiKe (603727.SH),and Baiwei Storage (688525.SH),among others.This year,the recovery of the semiconductor cycle's prosperity has been highly watched by the market.Baiwei Storage,which is engaged in storage chips,stated that due to the recovery of the industry,the company's performance has grown significantly.It is expected to achieve operating income of 3.1 billion to 3.7 billion yuan,with a year-on-year growth rate of 169.97% to 222.22%,and is expected to achieve a net profit of 280 million to 330 million yuan,with a year-on-year growth rate of 194.44% to 211.31%.

Similarly,in the semiconductor industry,Wanyeah Enterprise has suffered its first loss in the first half of the year.The company estimates that the net profit for the first half will be approximately -49 million yuan,and the net profit after deducting non-recurring gains and losses will be approximately -8.8 million yuan.

The main reason for Wanyeah Enterprise's loss is that the company's real estate segment has entered its final stage,with a decrease in property delivery income,leading to a reduction in profit; the income from specialized equipment manufacturing business is affected by the industry's verification cycle.In addition,the snowball-type financial derivatives that Wanyeah Enterprise has purchased,which are pegged to the CSI 500 Index,have incurred losses in the first half of the year.According to preliminary calculations,the cumulative unrealized loss amount for the first half of the year is 55.593 million yuan,of which the unrealized loss amount for the second quarter is 32.6378 million yuan.Among the companies that have turned their performance around from losses to profits,Gree Power stands out.Gree Power,engaged in the field of garden machinery,suffered a net profit loss of 474 million yuan in 2023.The company anticipates a net profit turnaround in the first half of the year,with an estimated net profit of 115 million to 135 million yuan,and expected operating income of 3 billion to 3.1 billion yuan.Gree Power stated that with the basic conclusion of inventory reduction by downstream customers,the company had sufficient orders on hand as of the end of June,amounting to about 700 million yuan,a year-on-year increase of over 100%.

UCloud is the only company among those that have released mid-year reports to continue suffering losses.Since its listing in 2020,UCloud has not yet achieved profitability,with an undistributed profit loss of 1.811 billion yuan as of the end of the first quarter this year.When it can turn losses into profits has become a key focus for investors.In the most recent institutional research,the company stated that the core factors for future gross margin growth mainly include: the expansion and profit enhancement of data center construction scale,the increase in AIGC computing power demand,and the expansion of the private cloud service scope driving the improvement of gross margin.

As the market adjusts,market funds are more sensitive to freshly released performance figures.On July 4th,the share prices of Shen Tong Technology (605228.SH),Qianhong Pharmaceutical (002550.SZ),and Jin Bo Biological (832982.BJ) showed strong performance,with Shen Tong Technology and Di Bei Electric closing at the daily limit,and Jin Bo Biological closing up by 13.88%.

On the evening of the 3rd,the aforementioned three companies released performance increase announcements,expecting a doubling of net profits in the first half of the year.The upper limits of the expected net profit increase for Shen Tong Technology,Di Bei Electric,and Jin Bo Biological are 212.18%,183.28%,and 177.15%,respectively.

The new energy vehicle industry chain generally shows high growth.

Looking at the "outperforming stocks" that have disclosed their mid-year reports,new energy vehicles remain a direction with high performance certainty.The just-released June sales data show that BYD,Li Auto,NIO,Zeekr,and others have achieved their best monthly results this year,with Zero Run Auto's monthly sales exceeding 20,000 units for the first time,setting a historical record.As the development trends of light-weighting,intelligence,and integration of electric vehicles continue to deepen,the sales revenue of related suppliers has increased year-on-year.

Shen Tong Technology,engaged in the research and development,production,and sales of automotive interiors,is a supplier to car manufacturers such as Tesla,NIO,Li Auto,and XPeng.The company expects to achieve a net profit of 29 million to 32 million yuan in the first half of the year,an increase of 182.91% to 212.18% compared to the same period last year.

Kai Zhong Precision (002823.SZ),which expects a net profit increase of more than ten times,also benefits from the development of new energy vehicles.The company expects to achieve a net profit of 70 million to 90 million yuan during the reporting period,with a year-on-year growth rate of 1068.44% to 1402.28%,and a non-exceptional net profit growth rate of 183.56% to 270.81%,with a pre-profit of 65 million to 85 million yuan.

Kai Zhong Precision mainly engages in the manufacturing of precision components.Regarding the growth in performance,the company stated that it benefits from the integration,high-voltage,and light-weighting of new energy vehicles,with strong demand for orders for new energy precision connectors and other products,and after the mass production of designated projects,it has entered a period of intensive delivery,leading to a rapid increase in sales revenue.

Songyuan Shares (300893.SZ),engaged in the production of automotive safety belts and airbags,expects to achieve a net profit of 119 million to 132 million yuan in the first half of the year,with a year-on-year growth rate of 90% to 110%.Songyuan Shares stated that since 2024,the passenger car market has remained stable,providing a good external foundation for the company's rapid development.In addition,the airbag & steering wheel assembly products are currently in the ramp-up and volume-increasing stage,and their contribution is gradually stabilizing.Triflow Intelligent Control's business in thermal management for new energy vehicles has also continued to secure orders and achieve performance growth in the first half of the year.The company expects to achieve operating income of 13.155 billion yuan to 14.408 billion yuan during the reporting period,with a year-on-year increase of 5% to 15%,and expects to achieve net profit attributable to the parent company of 1.464 billion yuan to 1.604 billion yuan,with a year-on-year increase of 5% to 15%.

In addition,the impact of policy implementation is gradually reflected in the mid-year performance of some industries.In the performance forecast of Dibei Electric,which is engaged in the business of compressors,it is mentioned that benefiting from the promotion of the "old for new" subsidy policy for home appliances by governments across various regions and the development of new customers by the company,the sales volume of the company's compressor motor products has increased.It is expected that the net profit for the first half of 2024 will be between 367.048 million yuan and 404.888 million yuan,representing an increase of 151.24% to 177.15% year-on-year.