This performance of listed companies has made investors a little troublesome.
According to Bloomberg, although the performance of the Ningde Times of New Energy Battery in China exceeded market expectations, the stock price fell nearly 6%after the announcement.After disclosed a better performance than pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -pre -founding.The short video company quickly announced that the revenue in the second quarter exceeded the estimated estimation, and the next day, it also declined in the Hang Seng Technology Index.
In the Bloomberg market survey conducted at the end of June, most institutions believed that the profit growth of listed companies in China was bottomed out in the second quarter.However, two months later, in the face of the continuous outbreak of crown disease and the continuous crisis of the real estate industry, the market's concerns about the Chinese economy have continued to increase.Compared with the profit figures in the first half of the year, investors pay more attention to the potential impact of economy on future business operations. Any signs of risk signs captured from the semi -annual report may become the reason for their selling.
"From the perspective of existing economic data, it is difficult to say that the third quarter performance will be improved from the previous quarter.""The reason for the fragility of the market may be because the role of economic stimulus policy is relatively limited."
In response to the Ningde era, the analysis believes that its semi -annual report shows that the gross margin has declined rapidly, and the market is concerned that the industry faces the price of raw materials in the future.High -end, revenue may be reduced.For Tub, due to the increase in product inventory due to epidemic and overseas logistics delay, the market believes that it will affect cash flow.But in the face of fast -handed declines, analysts can only explain the fragile mood with "profitability".
In fact, the above -mentioned performances of the above -mentioned performance are only the "minority" in this performance period.Bloomberg data shows that among the MSCI China index ingredients, 265 companies have analysts' profit forecasts and have announced their performance.Among them, the profit in the second quarter was less than 56%of the prediction, more than half.
According to Bloomberg's summary, about 2800 A -share companies have disclosed the second quarter results, and the overall profit growth rate is 9.7%, a significant slowdown from the 34%growth rate in the same period last year.
The Shanghai -Shenzhen 300 index that tracks larger market value stocks has risen from the Shanghai epidemic.The index has fallen nearly 17%this year, and has moved towards the largest annual decline in the past four years.
The July economic data announced by China is lower than expected, and economists are expected to slow down in the future.Although the People's Bank of China accidentally cut interest rates earlier to meet the weak financing demand, the State Council Executive Meeting also announced this week that it would implement 19 continuation policies to drive the economy, but the restoration of investors' confidence still needs the actual effect of the policy.
Guohai Securities pointed out in the report that the root cause of market adjustment lies in the expectations of pessimistic economy. This pessimistic expects to climax after experiencing a point -like epidemic, real estate impact, and high -temperature electricity limit.The report also said, but after the interest rate cut, the stable real estate policy portfolio began to make efforts, and as the epidemic and high temperature situation alleviated, the economy was expected to be repaired, and followed by the verification of high -frequency economic data of "Golden Nine Silver Ten".
