On Wednesday, three companies, including Suning.cn, Shang Wei and Zhengbang Technology, revised their 20 18 performance forecasts and all raised their profits. On that day, the share prices of the three companies both went red, among which Suning.cn rose by 4.38%. However, with the increase of companies that modify the performance forecast, people who have changed their faces due to the downward adjustment of performance have also begun to appear. According to Wind statistics, as of Wednesday's close, 16 companies have revised their 20 18 performance expectations, and 7 of them have lowered their performance expectations.
On October 8th, 65438/kloc-0, Mu Yuan Co., Ltd. drastically lowered its annual profit level-the revised announcement showed that the pre-profit for 20 18 was 500 million yuan to 550 million yuan, down 76.75% from the same period of last year to 78.86%, while the previous forecast was 700 million yuan to/kloc-0 billion yuan. Yun Sheng, Ningbo also experienced a revised decline in performance.
On the other hand, Focus Technology expects a sharp decline in profits. It was originally expected that the performance of 20 18 will change by -20% to 20% year-on-year, but it is expected to decrease by 20% to 50% after revision, and the profit will be reduced to 36.58 million yuan to 58.52 million yuan. The pre-growth rate of Good News Bird 20 18 is almost halved, and the latest estimated net profit of 20 1857600 -6482200 yuan has increased by 100%- 150% year-on-year, which is far lower than the estimated increase of 265438+ in the third quarterly report last year.
To make matters worse, Jubilee Technology, Zoje Resources, Changchun Aluminum, etc. either expanded their losses after revising their annual performance forecasts, or changed their faces-turning losses into profits.
The first loss will occur after the original pre-reduced Changaluminum shares are modified. In the third quarterly report last year, the net profit of Lv Chang's 20 18 was estimated to be 75 million yuan to140 million yuan, down by 56.05% year-on-year, and was revised to a pre-loss of 380 million yuan to 450 million yuan on New Year's Eve. Zoje Resources, which had a pre-profit of 6.5438+million yuan to 40 million yuan in the third quarter of last year, also experienced a large pre-loss of 80 million yuan to 38 million yuan after revision. The situation of Jubilee Technology is slightly better. After revision, the original pre-loss limit of 400 million yuan was changed to 595 million yuan.
Goodwill and other three factors lead to "face change"
Lv Chang, Jubilee Technology and Focus Technology were all affected by the impairment of goodwill. The most typical goodwill "buried mine" is focus technology. Focus Technology explained in the revised announcement that the accounting firm believed that the goodwill of Doba Inc, an American holding subsidiary acquired by the company, showed signs of impairment in the annual pre-trial, and decided to make provision for impairment of goodwill through a series of impairment tests. Another example is Changlai, the main reason for issuing the performance revision announcement is that the subsidiary Langmai Cleanliness has significantly impaired the goodwill.
Muyuan, Zoje Resources and Good News Bird are all related to the industry. Mu Yuan underestimated the impact of African swine fever epidemic on pork prices, and Zoje resources and good news birds were all related to the poor operating conditions of the clothing industry. On the other hand, the investment income of Yun Sheng in Ningbo dropped sharply.
The stock price performance is affected by the downward revision of performance.
What is more noteworthy is that the downward revision of performance has also dragged down the stock price performance of listed companies. The most typical example is Muyuan, a small and medium-sized board company that revised its annual forecast results on Tuesday. On Wednesday, its share price closed down 1.57%, underperforming the small and medium-sized board index. On Tuesday, Muyuan shares fell 1.43%.
The share prices of the other six companies were affected to some extent on the day of performance revision, and even after that. For example, Focus Technology has suffered losses for five consecutive days since last year's revised performance of 65438+February 24, with a cumulative decline of more than 6%, and the small and medium-sized board fell by 1.4% during the same period.