This morning, the A** field was turbulent. This morning, the market around these topics to start a game, some people are happy and some worried, both CATL rose on the hot search, and the Shanghai Composite Index once fell below 2800 points, down nearly 17%, but then strong**, as of the morning**, the Shanghai Composite Index **038%。The GEM index performed strongly, **085%。
The volatility in the market seems to hint at the three camps of earnings during the earnings season: in line with expectations, below expectations, and above expectations. The game behind the three camps is not only a contest of performance, but also a test of investors' psychology.
CATL: The return of the king of power batteries.
Yesterday evening, CATL released its 2023 performance forecast, with an expected net profit of 42.5 billion to 45.5 billion yuan, a year-on-year increase of 3831%-48.07%。This news is like injecting a boost into the market, and CATL's stock price rose in response, rising by more than 8%.
As the world's largest power battery manufacturer, CATL's performance is directly related to the trend of the entire new energy vehicle industry chain. Behind its steady performance growth is the continued prosperity of the global new energy vehicle market. With the continuous innovation of technology and the increase of policy support, CATL's market share is expected to continue to expand in the future.
Chinese**: The rise of content is king.
Along with the CATL era, Chinese** also shined, up more than 9%. The company released a performance forecast yesterday evening, and it is expected that the attributable net profit for the whole year of 2023 will be 70 million -10.5 billion yuan, a year-on-year increase of 11934%-129%。
The success of Chinese** once again proves the value of the content industry. With the acceleration of digital transformation and the increasing demand of consumers for high-quality content, Chinese** has achieved leapfrog growth in performance with its rich copyright resources and strong creative capabilities. This trend is expected to continue in the future, pushing Chinese** to a higher stage.
Chinese medicine Mao "Pien Tze Huang: hidden worries under the highlights.
However, not all companies are as glamorous as CATL and Chinese**. Pien Tze Huang, known as the "Chinese medicine Mao", hit the intraday limit by **10% this morning. This is despite its net profit in 2023 reaching 27800 million yuan, a year-on-year increase of 1259%, but the performance in the fourth quarter was not satisfactory, and net profit fell by 10% year-on-year7%。
Pien Tze Huang's declining performance has raised concerns about its future development. On the one hand, with the strengthening of national supervision of the pharmaceutical industry, the competitive landscape of the traditional Chinese medicine market is changing. On the other hand, Pien Tze Huang's flagship products are facing fierce homogenization competition, and the market space is facing squeeze. Therefore, whether Pien Tze Huang can regain its former glory in the future needs to be marked with a big question mark.
The dilemma and opportunity of the "lithium mining duo".
At the same time, Tianqi Lithium and Ganfeng Lithium, which were once the "two heroes of lithium mines", also suffered a decline in performance. Tianqi Lithium expects a net profit attributable to the parent company of 66 in 2023200 million-89500 million yuan, a year-on-year decrease of 629%-72.56%；Ganfeng Lithium expects a net profit of 4.2 billion to 6.2 billion yuan, a year-on-year decrease of 6976%-79.52%。
With the cooling of the new energy vehicle market and the sharp fluctuation of lithium prices, the lithium mining industry is facing unprecedented challenges. However, this does not mean that the "lithium duo" has lost its future growth momentum. With the advancement of technology and the further expansion of the new energy market, the demand for lithium will remain strong. In the future, it remains to be seen whether the "lithium mining duo" can get out of the trough.
In this earnings season, every movement in the market tugs at the heartstrings of countless investors. And the real winners are often those investors who can accurately grasp the pulse of the market and analyze rationally. On the road ahead, let's witness the ultimate showdown of earnings season.
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