Editor's Note: New Year, the annual report of the first disclosure of the essence of the pharmaceutical and even pulled two daily limit, the report is also expected by Wang Han's Laser shares nearly 5 hurricane two days into the annual report market has ignited smoke. However, to remind the industry, the report quotes are not foolproof, close to the annual disclosure of, do not rule out a number of listed companies rely on investment income, government grants, non-current asset disposal and other ways to , the performance of such stocks become
Essence Pharmaceutical (002349), Lin shares (600099) Annual Report of two listed companies will disclose, and that the stock price two competing daily limit. The essence of the pharmaceutical development of 2-5 stocks per 10 shares, cash dividends yet, heard the news of hi performance pre-and pre-increasing stock price performance . Although there is no news that Lin share results are pre-growth, but also followed the light stick, 4 January 3 minutes to seal the opening price limit.
However, it is now January 19 and Lin shares the essence of full disclosure of pharmaceutical take some time performance, the market performance of the funds sought for the two can only use the The company's stock from As of Jan. 11 closing, the two stocks were substantially lower than the share price on January 4 closing price.
fried Annual Report should be noted that
some analysts pointed out that the annual disclosure of close, do not rule out a number of listed companies rely on investment income, government grants, non-current asset disposal and other ways to , the disclosure of such shares after the report is easy even on the eve of sharp fluctuations, investors in particular need to be vigilant.
benefit from joint stock companies, such as the peak group dividends (600,668). Jianfeng Group recently received a dividend Southern Cement 31.56 million yuan, although the notice has not released 2010 results, but the company point of view the first three quarters net profit of 40,306,600 yuan, the South of cement for the dividend on the company is by no means a small number .
market participants said that, if indeed the main business of the Annual Report to the good and makes the significant increase in performance of listed companies can focus on, but if non-recurrent income to rely on sufficient numbers, they have to choose to avoid.
performance of listed companies to beware of interpreted as a However, the present situation, the sideline has become the main the results for many companies. In addition to immediate red envelopes, the listed company's market value fluctuations in shares of listed companies, but also on the performance of listed companies have an important impact in 2010.
Fengyuan Pharmaceutical (000153)
Fengyuan Pharmaceutical has announced that it expects 2010 net profit for the 4000-5000 million year growth of 74% -117% . Substantial increase in performance of the company due to receive shares of 8.41% of the RT 20 million yuan cash dividend, while shares of Fengyuan Pharmaceutical Company has received a cash bonus Merchants Bank Co., Ltd. 3,669,800 yuan.
data show that equity investment by either of these gains, not only over the 2010 results net profit in 2009, also accounted for three quarters of the company's 2010 net profit of 35.71 million yuan for nearly Qi Cheng. However, although the shares of a red envelope Fengyuan Pharmaceutical occupy more than half of its full-year results of the country, but its main business is still in its profitable.
Zhuhai to Hong Kong (000507)
is worth noting that there are some companies, their business has been substantial loss, joint stock companies, the red envelope has become its performance even straw.
typical example is the Zhuhai port. Zhuhai to Hong Kong January 4 2010 results published notice, the company expects net profit of about 170 million yuan in 2010 -2.18 million, an increase of about 70% -120%, while the significant increase in performance of the . Company announcement said the results are expected to increase substantially the same reasons the company shares 15% of the BP Zhuhai Chemical Co., Ltd. for the implementation of distribution of profit for the year 2009, the company recognized by the corresponding proportion of stock investment income 93,132,800 yuan; 18.18% stake in Zhuhai Company Guangzhou-Zhuhai Special Economic Zone Limited Liability Company generating profit for the year 2009 the implementation of dividends, the company enjoys the proportion of the shareholding of 123 million return on investment.
in the first quarter of 2010, Zhuhai, Hong Kong is still loss of 17.39 million yuan, showing that even mid-year last year is entirely thanks to the substantial losses the company shares the gift of dividends.
Siyuan Electric (002028)
to Siyuan Electric, for example, December 22, 2010, the company announced that its wholly-owned subsidiary has accumulated a total of 832 sold high level of electrical profit 96.49 million shares, or about the year 2009 audited net profit of 10.15%, representing three quarters of 2010, one quarter net profit Siyuan Electric.
since 2010, this is the fourth release from the source of electrical high level of electrical share sale announcement, and as of now, Siyuan Electric by selling shares in respect of the high level of electrical profit 382 million yuan, is to rely on substantial investment income
virtual fat b: to rely on government grants
Wind According to statistics, currently has 45 listed companies in December 2010 the government subsidies, incentives or compensation, the cumulative amount of more than 13 billion, part of the company to report results thus The company received grants fall into two categories, accounting for the main one is the poor performance or even suspend the listing of the edge of the verge of ST companies. But the listed company Dress up the one hand, performance is temporary; the other hand, the accounting treatment of government subsidies to accountants usually the result of the annual audit confirmed subject to the Government Performance Dress red envelope is smooth there is uncertainty.
* ST should be on paper (600793)
2010 年 12 月 28 日, * ST paper should notice that the company received 20 million yuan given Yibin City environmental financial subsidies to run , the current financial subsidy funds have been transferred to the company account.
Dong Teng new (blog) professor, said, * ST should be on paper is one such typical, 06,07 loss of 64.82 million yuan, respectively, 88.55 million yuan, to 2008, the year the company received a total of 24.55 million yuan of government subsidy, relying on the red envelope , * ST should achieve 486 million paper profit. However, due to the main business has not improved, in 2009 and 2010, the first three quarters, * ST paper should continue to loss of 63.84 million yuan and 756 yuan.
three safety photoelectric (600703)
in these subsidies, the number of the largest and third largest number of number of safety photoelectric had. So far from April 2010, three have received 10 of optical security subsidies, the amount of accumulated about 7.3 billion, while the three safety net profit of the first three quarters of this year photoelectric only 2.8 billion. January 5, 2010 issued three safety performance of optical notice, the company expects to achieve 2010 net profit attributable to equity holders over the previous year (1.8 million) up 130% or more. This means that, after deduction of subsidies, three optical security situation is likely to fall into a loss.
company also announced the company a wholly owned subsidiary of Xiamen City, the three security Optoelectronics Technology Co., Ltd. plans to build the concentrating solar power generation system is the Ministry of Finance, Ministry of Science, the National Energy Board Golden Sun demonstration projects into national project. December 31, 2010, Xiamen, Xiamen City Finance Security Bureau has received the national Golden Sun transfer of financial assistance demonstration project funds the first phase of 17.5 million yuan.
virtual fertilizer three: massive debt is exempt
and direct the government Recently, a number of listed companies have issued a proclamation declaring the company a huge debt of debt may be waived or interest-or high-priced sale of related assets to related shareholders, the acquisition premium by the related parties rush to the rescue.
Fang Xing Technology (600552)
Fang Xing Technology December 27, 2010 issued Journalists access to information found over the years, Fang Xing Technology is not the first to be exempted from more than 20 million yuan of the huge debt. Already in the December 31, 2008 staged once. Notice that time showed that one-time exemption UDICs Fang Xing Technology 25,538,100 yuan debt.
the face of the final examination results in 2010 papers, Fang Xing Technology still will use the answer in 2008, way - a huge debt by City investment company exemption. Three quarterly data according to the company, Fang Xing Technology net profit for the first three quarters of this year, 9.311 million yuan, accounting for the full year 2009 net profit of 46.34%, if the exemption had just 23 million excluding debt, this year is likely to more than 2009 years is almost zero. But precisely because of the factors that debt forgiveness, performance or this year will still be beautiful, because the exemption is only 23 million yuan of debt to net profit in 2009 more than 2,906,600 yuan.
visible results in annual net profit of the company is not achieved entirely on the production and operation, even through a huge debt exemption to achieve profitability in the financial potential. The future, business enterprises can completely reverse the situation remains to be the test of time.
* ST Titanium (002145)
debt forgiveness or debt has been more interest-free reorganization in the process of underperformance. * ST disclosure of titanium dioxide on January 5, the Board received by shareholders on January 4 in the fourth nuclear power plant square four Limited, notify the other party agreed to waive the Company as at December 31, 2010 cumulative unpaid water supply, heating, transportation and other costs 1.38 billion. The exemption provisions of the debt will be included in Accounting Standards operating income in 2010, the year of 2010 is expected to have a greater positive impact on performance.
after following the 2008 loss, * ST Titanium losses again in 2009, continues to incur losses if the 2010 market will be suspended. * ST titanium dioxide because of important matters to be disclosed, the company shares was December 24, 2010 1:00 PM opening date suspension. Currently, the major issues among the relevant parties are still planning, the company shares will continue to suspension.
Some analysts have said that one side is the second best to help shareholders * ST titanium dioxide, 138 million of its debt exemption; the other side is * ST preparation of titanium dioxide are the major issues. It seems that exempt debt, or titanium dioxide as * ST pave the way for the re-re-bridge, 2010 * ST titanium dioxide exists the possibility of losses.
(This article Source: Bulletin of investment: Liyan Na)
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