Hengdian Film and Television (603103) Semi-annual Report Comment: 1H19 return to net profit margin of 24% in line with expectations Core facts: The company achieved revenue and net profit attributable to its mother in the first half of the year, respectively. 8 billion and 1. 7.3 billion, equivalent to 5. 4% and 23. 8%, basic…
Xinmai Medical (688016): Local aortic intervention faucet layout, lateral vascular intervention Key points of investment: Local aortic intervention head companies, product line rich Xinmai Medical was established in 2012. After taking over the assets of Shanghai Minichuang in 2014, it also indirectly controlled the parent company Minichuang Medical to achieve business division. Xinmai Medical is…
Linglong Tire (601966): Independent tire brand construction should start with supporting Event: Recently, at the 2019 Automotive-Tire Cross-Border Development Summit Forum, industry experts analyzed the status of independent brand construction in the tire and automotive industry, and proposed “Chinese brand tire products are not significantly different in quality from international brands.The key to building a…
Baosteel (600019) Interim Review: Significant cost reduction benefits Significantly lower gross profit per ton of steel than industry average Core views: First, 2019H1: The decline in gross profit resulted in a continuous decline in profits38. 2%, cost reduction exceeded the target, helping to reduce the gross profit of the ton of steel by less than…
Riyue Co., Ltd. (603218): Strategic layout of sea wind power finishing fully opens up growth space Event: Sun and Moon announced the 14th session of the 4th Board of Directors, which decided to issue convertible bonds with a size not exceeding USD 1.2 billion, 8 of which. 4 million US dollars to build 12 large-scale…
CSSC Defense (600685) 2018 Annual Report Comments: Relocation of production area affects gross profit margin, and non-recurring gains and losses drag down performance The company released its 2018 annual report: the report consolidated revenue to achieve 192. 1.4 billion yuan, an annual decrease of 16. 17%; net profit attributable to mother -18. 690,000 yuan, -0…
Whether the Shanghai Index broke through 3000 points Securities Times website CITIC Investment believes that after the market has experienced a brief slump and rapid recovery, the stock market sentiment has risen, especially on Thursday, the Shanghai Index broke through the 3,000-point overall mark, and new upside may have opened. Current positive factors in the…
Jiantou Energy (000600): Coal price declines in cooperation with sales revenue growth The company’s first half performance recorded a significant improvement in several years Event description The company disclosed the 2019 semi-annual results preview: the company is expected to realize a net profit attributable to shareholders of listed companies of approximately 39,100 from January 1,…
Daqin Railway (601006) Operational data review for April 2019: daily traffic volume shifted to 110 The daily traffic volume of the Daqin Line in April was 109. 5 Nominal, exceeding market expectations. Considering the end of spring maintenance and the increase of long-term power consumption in summer, the daily shipment volume of the Daqin may…
Tianwei Food (603317) Interim Review: Accelerating Revenue Growth, Profitability Maintaining Improvement The main body of the report: Tianwei Food announced the semi-annual report for 2019, and the company achieved revenue 6 in 19H1. 29 ppm, +32 a year. 10%, net profit attributable to mother 1. 30,000 yuan, +40 for ten years. 85% of which, 19Q2…