There are people who are happy and others are sad about the current state of the A-share season.

Today, the main line of performance of A-shares is still very obvious. Most individual stocks with poor performance forecasts for the first half of the year have collectively declined. As of press release, Guangyan Co., Ltd., Shunxin Agriculture, Hongying Intelligence, Zhaoyan New Pharmaceuticals, Guanghui Logistics, and Huguang Co., Ltd. had fallen to a standstill, while Shouhang Hi-Tech and Longpan Technology had dropped more than 9%.

Of course, on the other hand, individual stocks that exceeded expectations all performed well. Hongda New Materials, Rongji Software, Jiangling Motors, Ice Wheel Environment, Huatong Cable, Rongsheng Development, Jicheng Electronics, and Zhongyuan Environmental Protection rose to a standstill. Huiding Technology rose more than 9%, and Sunrise Oriental and Huixiang New Materials rose more than 8%.

In the recently released performance forecasts, some companies have received a lot of attention.

Performance has exploded with frequency

Among them, 30 billion “White Horse stocks”German nanometerThere was a sharp drop of 17% at the opening of today's market, then there was a slight increase. As of press release, it was down 8%. The company released a performance forecast yesterday evening.It is estimated that the net profit loss for the first half of the year was 1.04 billion yuan to 1.17 billion yuan, compared to a profit of 1.28 billion yuan for the same period last year, which can be described as a “big change in performance”.

Regarding the loss in performance, German Nano explained,In the first half of the year, sales revenue and sales volume of the company's products achieved year-on-year growth, but in January-April of this year, due to the sharp drop in the price of lithium salt, the main raw material, and the slowdown in downstream demand, the sales price of the company's products fell along with the decline in the price of lithium salt.

Furthermore, German nano was previouslyRaw material stocks were accumulated at higher prices, but downstream demand declined in the first half of the year, the company's operating rate fell, and production costs were higher.

The one that also belongs to the New Energy CircuitGod-given materialsIt's also a sharp drop of 8%. The company expects it to be in the first half of the yearThe net profit of the return mother was 1.16 to 1.36 billion yuan, a decrease of 53%-60%.

Liquor stocksShunxin AgricultureThe decline came to a standstill, driving the sector lower. Last Friday, Shunxin Agriculture announced the forecastRevenue for the first half of the year was 5.8 billion yuan to 6.6 billion yuan; net profit loss was 55 million to 110 million yuan. This was also the first time since its listing that it had a loss in the first half of the year. The profit for the same period last year was 39.9778 million yuan.

Regarding the reason for the loss of performance,According to Shunxin Agriculture, on the one hand,The domestic real estate market continued to be sluggish, and sales and repayment of the company's real estate projects were slow, affecting the company's overall performance. At the same time, taxes and fees from the sale of the assets of the two buildings, the Business Center and the Universal Center, had a great impact on the net profit of the reporting period.

On the other hand, the average price of domestic pigs continues to be low, and both sides of the company's pig breeding and slaughter business are under pressure, and the company's pork industry is losing a lot.

On the same day,Shunxin Agriculture also announced thatIt is proposed to publicly transfer 100% of Shunxin Jiayu's shares by listing on the Beijing Equity Exchange, and is preparing to focus on the development of the main business and divestiture the real estate business.

First flight to Hi-TechThe decline came to a standstill, hitting a one-year low. The company estimates a net profit loss of 120 million yuan to 150 million yuan in the first half of the year. Reasons for the decline in performanceMainly, during the reporting period, the air cooling business had a lower gross margin due to the long execution cycle and high cost, and at the same time, credit impairment losses increased a lot, followed by a decline in government subsidies.

On the same day, the company announced that the main shareholders' bailout fund plans to reduce their holdings due to operating needsThe company shares do not exceed 150 million shares, accounting for 6% of the company's total share capital. According to reports, this fundholdsFirst flight to Hi-TechThe shares are 251 million shares, accounting for 10.03% of the company's total share capital.

Dairy products stocksThere are many wonderful blue thingsIt also opened sharply lower, and is now down more than 5%.The company expects net profit of 26 million yuan to 34 million yuan in the first half of the year, down 74.24%-80.3% from the previous year.

As for the reason, Myokolan said that domestic consumer demand showed a recovery trend in the first half of the year, but the overall recovery rate was still slow. Furthermore, while revenue from the cheese business declined, the cost of major raw materials increased compared to the same period last year (including the impact of the depreciation of the RMB exchange rate on import costs), which led to a decline in gross margin of the cheese business. Combined with a decrease in current foreign exchange lock-up earnings and an increase in net interest expenses compared to the same period last year, the net profit returned to the mother market declined.

Of the automobile industry chainHuguang Co., Ltd.It fell to a halt and was reported at 1,572 yuan, with a total market value of 6.8 billion yuan. The company expects to lose 39 million yuan to 46 million yuan in net profit in the first half of the year due to orders falling short of expectations, rising unit costs, and rising period expenses.

The favorable performance of multiple shares stopped rising

On the other hand,Zhongyuan EnvironmentalThe rise stopped, reaching a one-year high of 794 yuan, and the turnover increased to 153 million yuan. The company expects net profit of 520 million yuan to 670 million yuan in the first half of the year, an increase of 42.13%-83.13% over the previous year.

In the first half of the year, the company's restructuring with Zhengzhou Sewage Purification Co., Ltd. was completed. Due to differences in its management system between the reporting period and the same period last year -- it had not yet switched to market-based operation before the merger; in addition, the company recovered some of its impairment losses in the current period. Under these two factors, the company's net profit, earnings per share and other indicators have increased.

Real estate stocksRongsheng DevelopmentThe rise stopped at 1.76 yuan, with a total market value of 7.65 billion yuan. The company expects net profit of 100 million yuan to 130 million yuan for the first half of the year and net loss of 2,253 billion yuan for the same period of the previous year, turning a loss into a profit over the same period last year.

In the first half of the year, the company made efforts to deliver key projects. Compared with the same period last year, the number of projects delivered increased a lot. The gross profit of some of the delivered projects was high, so both sales revenue and sales profit increased. At the same time, efforts to reduce fees and increase efficiency have achieved phased results.

Individual PCB stocksHongda New MaterialsThe rise stopped. The company expects a loss of 8.5 million yuan to 11.5 million yuan in the first half of the year, a loss of 37.03% to 53.46% from the first half of 2022.

Hongda New Materials said that in the first half of the year, the economic growth rate slowed down, compounded by the full release of domestic silicone production capacity, which led to a short-term imbalance between supply and demand in the industry, product prices and gross margin continued to decline. The company reduced losses by using sales to determine production and speed up turnover. Despite the current difficulties, there has been no fundamental change in the growth trend of the industry.

What do you think of the future?

No matter how popular the hype is, the main performance line is always very “tasty” during the earnings season, and individual stock earnings often reveal industry trends. Investors should not ignore them, but they also need to actively participate to find sectors and individual stocks that are lacking expectations.

Dongwu Securities believes thatThe profit growth rate of A-shares continued to decline in the second quarter, and whether it reached the bottom of profit still needs to be verified by data.The high profit growth in the industry is mainly concentrated on the travel chain (tourism and scenic spots, hotels and restaurants, railways, airports) and the automobile industry (commercial vehicles, passenger cars, auto parts) promoted by industrial policies, while furniture, electricity, power grid equipment, photovoltaic equipment, and beverage and dairy industries are still undervalued despite improving performance growth rates.Furthermore,Segments with better mid-term performance in the TMT sector are expected to be mainly areas where demand for traditional main businesses brought about by economic recovery has warmed, includingOperators, communication equipment, credit innovationetc.,The optical communications sector and the game industry have higher performance profit certainty than other industries within the sector.

Looking ahead to the second half of the year, Societe Generale Securities believes that judging from the performance forecast for the first half of the year and the consistent expected growth rate for the year,Segments of industries that are expected to continue their boom in the second half of the yearFocusing on the media (advertising and marketing, cinema and education), travel chains (hotels, restaurants, tourist and scenic spots, airports and railways), commercial retail (general retail and accessories), automobiles (commercial vehicles and auto parts), etc.;Segmented industries that are expected to reverse their dilemmaIt mainly includes optical optoelectronics, papermaking, general steel, aquaculture, games, feed, television broadcasting, rubber, motors, real estate services, etc.