As of 21 o'clock on January 30, the performance forecast of 1,065 companies in Shanghai has been released. Among them, 557 companies are expected to improve their earnings in their earnings forecasts, and 669 companies are expected to achieve profitability in 2023.
* The Times reporter combed and found that among the Shanghai companies that have disclosed performance forecasts, 325 companies are central state-owned enterprises, of which 186 companies have improved their profits, and 215 companies are expected to achieve profitability. Especially in key areas related to the national economy and people's livelihood, such as transportation, manufacturing, consumption, and energy, a number of central state-owned enterprises have played a "leading" role.
The transportation industry and central state-owned enterprises have driven the overall improvement of the industrial chain
In 2023, with the transition of the epidemic and the recovery of the economy, the transportation industry will show positive vitality, and the central state-owned enterprises will give full play to the leading role of the industry, providing support for residents' travel and economic operation, while also achieving a significant recovery in their own performance.
In terms of passenger transport, a number of central state-owned enterprises have performed well, Shanghai Airport has achieved a turnaround, achieved significant recovery growth in the context of the continuous improvement of the national economy and the significant recovery of the civil aviation industry, the domestic market has recovered to the pre-epidemic level, the number of inbound and outbound passengers has increased significantly, and the net profit attributable to the parent company is expected to be 9 for the whole year100 million to 10800 million yuan, an increase of 39% year-on-year in 20220.5 billion to 407.5 billion yuan.
The Beijing-Shanghai high-speed railway is expected to have a net profit attributable to the parent company of 10.8 billion yuan to 12.2 billion yuan in 2023, benefiting from the significant recovery of the domestic passenger market situation in 2023, and the company's performance will turn losses into profits.
In terms of logistics and transportation, oil transportation giant COSCO SHIPPING Energy expects to achieve a net profit attributable to the parent company of 31 in 20230 billion to 390 billion yuan, an increase of 112 year-on-year77% to 16767%；The net profit attributable to the parent company after deducting non-profits was 390 billion to 470 billion yuan, an increase of 180 percent year-on-year37% to 23789%。The main reasons for the sharp increase in performance include: the overall performance of international oil tanker freight rates was relatively strong amid the sharp fluctuations, and the gross profit of foreign trade oil tankers for the whole year was about RMB 4.2 billion, an increase of about 188% year-on-year; The company's domestic oil tanker business remains stable, and the gross profit for the full year is expected to be approximately RMB1.5 billion, an increase of approximately 179%。
Shipping, road transportation and other markets are thriving, and the manufacturing leaders in the upstream of the industrial chain have also shown strong performance. In terms of shipbuilding, CSSC is expected to achieve a net profit attributable to the parent company of 2.7 billion yuan to 3.2 billion yuan in 2023, an increase of 1470 yuan year-on-year95% to 176187%。Throughout the year, the company accelerated industrial transformation and upgrading, and the global market share of new orders, completed deliveries, and hand-held orders ranked first in the world, of which 83 were medium and high-end ship types6%, and green ship types accounted for 425%。
China Dynamics' announced performance is also gratifying, with a pre-profit of 6$500 million to $8200 million yuan, an increase of 95 percent year-on-year38% to 14648%。The company said that the main reasons for the pre-increase are: first, the recovery of the shipbuilding industry, the expansion of the sales scale of the subsidiaries in the diesel engine sector in 2023, the substantial increase in orders, and the growth of the main product marine low-speed engine has also increased, and the gross profit margin has been improved; Second, the increase in orders led to a significant increase in advance receipts, a decrease in financial expenses, and a significant year-on-year increase in foreign exchange income.
The transformation and upgrading of central state-owned enterprises in the manufacturing industry is moving towards the high-end
Manufacturing is the foundation of China's economy, and manufacturing companies account for most of the companies in Shanghai. As of the end of 2023, there are 1,450 manufacturing companies in Shanghai, with a total market value of more than 226 trillion yuan. Among them, there are 335 central state-owned enterprises with a total market value of 846 trillion yuan, widely distributed in the fields of machinery and power equipment, chemical materials, national defense and military industry.
In the traditional field, the Shanghai manufacturing industry is a microcosm of China's manufacturing industry moving towards high-end, intelligent and green direction, actively promoting products to the high-end of the industrial chain and enhancing the added value of technology.
In terms of power equipment, Pinggao Electric expects to achieve a net profit attributable to the parent company of about 8 in 20231.5 billion yuan, a year-on-year increase of 284%. With the acceleration of the construction of new power systems and the steady increase in power grid investment, the company adheres to the market first, with a significant year-on-year increase in new contracts, while adhering to scientific and technological innovation, accelerating product iteration and upgrading and the promotion and application of new products.
In terms of home appliances, Sichuan Changhong Company expects the net profit attributable to the parent company in 2023 to be 6300 million to 7500 million yuan, an increase of about 34 percent year-on-year65% to 6030%。The company's home appliance business and general equipment manufacturing business actively grasped the favorable factors such as the decline in sea freight and the decline in bulk materials, and continued to optimize the product structure and further promote business transformation through measures such as grabbing orders, product line coordination, refined management, efficiency improvement, revenue increase and cost reduction, and achieved good business performance.
In the field of emerging industries, the Shanghai manufacturing industry continues to grow in industries with longer industrial chains and higher added value, and promotes the technological iteration of high-end manufacturing industries such as automobiles and military industries.
In terms of automobiles, Foton Motor expects to achieve a net profit attributable to the parent company of 9100 million yuan, an increase of about 1298% year-on-year, turning losses into profits year-on-year. The company said that the reasons for the expected increase in performance include the steady growth of the company's main business, with sales volume of 63 in 202310,000 units, a year-on-year increase of 3714%, new energy doubled, and overseas exports hit a record high.
In terms of military industry, AVIC Airborne is expected to achieve an annual net profit attributable to the parent company of 17 in 20236.1 billion yuan. The year-on-year increase was about 1020%。In the first half of last year, the company completed the absorption and merger of AVIC Electromechanical, effectively improved asset quality and operational efficiency, realized the deep integration of avionics system and avionics electromechanical system at the airborne system level, conformed to the development trend of systematic, integrated and intelligent aviation airborne industry in the global aviation industry, and helped to further enhance the comprehensive strength of airborne systems in the aviation industry.
Consumption utilities, central state-owned enterprises, high-quality services for people's livelihood needs
The internal and external circulation of the consumption field has made concerted efforts, and the market consumption potential has continued to be released. Among them, the recovery of offline consumption scenarios has accelerated, the people's demand for "clothing, food, housing and transportation" has recovered significantly, and contact and aggregation consumption has rebounded significantly.
* The willingness to consume and the emerging consumer demand drove the performance of Shanghai companies to be red. In terms of food and beverage, Kweichow Moutai continues to lead, with an estimated operating income of about 149.5 billion yuan and a net profit attributable to the parent company of about 73.5 billion yuan in 2023, with revenue and profit both achieving a year-on-year growth of more than 17%. On November 21, 2023, Kweichow Moutai released a special dividend plan to return shareholders, proposing to distribute cash dividends of 19 per share to all shareholders106 yuan (tax included), a total of about 24 billion yuan (tax included) cash dividends, and share growth benefits with investors.
In terms of wholesale and retail trade, Wangfujing's pre-growth performance also indicates that the vitality of residents' consumption has improved. According to the company's announcement, it is expected to achieve a net profit of 6 percent last year$500 million to $7800 million yuan, an increase of 233 percent year-on-year47% to 30017%。
In terms of exports, the leading commodity city in the wholesale and retail industry is expected to achieve a net profit of 26 net profit attributable to the parent company in 2023500 million to 27500 million yuan, a year-on-year increase of 140% to 149%.
In the public utilities sector, the central state-owned enterprises in Shanghai have gone all out to serve the national strategy and serve the needs of people's livelihood. Taking SDIC Power as an example, the company expects to achieve a net profit attributable to the owners of the parent company of 57 in 20232.3 billion to 686 billion yuan, with a profit growth rate of 4035% to 6824%。Zheneng Power also announced that it will turn losses into profits, and it is expected that the company will achieve a net profit of 61 net profit attributable to the parent company in 20230.6 billion to 73$1.8 billion. Huaneng International is also expected to turn losses into profits, and the company's net profit attributable to the parent company in 2023 is expected to be 8 billion yuan to 9 billion yuan, and the company announced that in 2023, the company's operating power plants in China will complete a total of 4478 on-grid electricity according to the consolidated statement caliber5.6 billion kWh, a year-on-year increase of 533%。