According to the statistics of Securities Times and DataBao, in 20 19, A-share listed companies realized a total operating income of 23.5 trillion yuan, up by 10.4% year-on-year, and realized a net profit attributable to the parent company of 2. 14 trillion yuan, up by 7.2 1% year-on-year. After last year's performance decline, A-share listed companies in the first half of this year ushered in a profit recovery as a whole. The profit of the main board company increased steadily, the net profit of the science and technology innovation board increased by 25.3% year-on-year, and the performance of the small and medium-sized board and the Growth Enterprise Market declined to varying degrees.
In terms of industries, the total operating income of 24 of the 28 Shenwan first-class industries increased year-on-year, and the net profit attributable to the parent company of 18 industry increased year-on-year. After the decline in performance last year, brokers ushered in the turning point of the industry this year. In the first half of the year, the operating income increased by 44% year-on-year, and the net profit attributable to the parent company increased by 66% year-on-year, greatly boosting their performance. The net profit of agriculture, forestry, animal husbandry and fishery increased by 89.77% in the first half of the year, becoming the biggest winner. Among them, the net profit of livestock and poultry breeding industry increased by 904.5% year-on-year due to the rising prices of pork and chicken.
Income differentiation: the proportion of core assets performance reached a high level.
Since the beginning of this year, the core asset of A-shares, the leading industry sector with high prosperity and representing the core competitiveness of China securities market, has performed well in the secondary market. The stock prices of Kweichow Moutai and Hengrui Pharma have hit record highs, and the market value of A shares tends to concentrate on core assets. At the same time, the performance of core assets and its influence on A-shares have also steadily increased.
In the first half of 20 19, the cumulative operating income of "50 shares of core assets" was 3.33 trillion yuan, accounting for 14. 17% of the total income of A shares, an increase of 0.5 percentage points over the same period of last year. The net profit attributable to the parent company was 353.4 billion yuan, up 265,438+0.98% year-on-year, accounting for 65,438+06.5% of the total net profit of A shares, 2 percentage points higher than the same period of last year. The proportion of core assets income and net profit is the highest in the semi-annual report in the past five years.
More than 30 listed companies, profit10 billion yuan.
After the performance differentiation, the characteristics of strong A shares are becoming more and more prominent. 20 19 * * In the first half of the year, the total operating income of 35 listed companies exceeded 100 billion yuan, and the net profit attributable to the parent company of 3/kloc-0 companies exceeded 100 billion yuan. The number of high-income and high-profit listed companies has reached a record high. The revenue of Xiamen International Trade, Yanzhou Coal Industry and Shanghai Construction Engineering exceeded 100 billion yuan for the first time, and the net profit of Vanke A, China Railway and Shanghai Bank exceeded 10 billion yuan for the first time.
On the other hand, the number of listed companies with losses exceeding 100 million in the first half of the year has also increased for two consecutive years. In the first half of 2065438+2009, there were 1 12 A-share listed companies with losses exceeding 100 million yuan, which was the first time that this number exceeded 100 after 2065438+2005, and also set a record high. *ST Xinwei and LeTV have become listed companies with losses exceeding 654.38+0 billion yuan for the first time in the past five years.
The performance differentiation of listed companies is related to the current economic transformation in China. In the process of China's economy gradually stepping into "high-quality development", the general increase dividend brought by the rapid development of macro and industry has gradually subsided, and the profit differentiation of listed companies is expected to further deepen in the future. Endogenous growth of listed companies is the core factor supporting their long-term performance.
The net operating cash flow of non-bank listed companies increased by 60% year-on-year.
While A-share earnings are picking up, the cash flow quality of listed companies has also improved significantly. In the first half of 20 19, A-share non-financial listed companies realized a cumulative net cash inflow of 775.6 billion yuan, up 60% year-on-year, and the cash content of net profit (net operating cash flow/net profit attributable to the mother) was 77%, compared with 48% in the same period last year.
In terms of individual stocks, the median sales cash ratio (net operating cash flow/operating income) of A-share non-financial listed companies in the first half of 20 19 was 4.72%, which was 2.84 percentage points higher than that of 1.88% in the same period last year, and also set a new high in the past five years.
The number of bankrupt companies doubled year-on-year.
20 19 semi-annual report shows that the median asset-liability ratio of A-share non-financial listed companies is 40.98%, which is basically the same as that at the end of last year. However, due to the quality differentiation of A-share listed companies, the number of insolvent companies has increased compared with the same period of last year and the end of last year.
By the end of the second quarter, 36 non-financial listed companies in A-share * * * were insolvent, of which 27 were ST shares. The number of insolvent enterprises doubled compared with the same period of last year, an increase of 15 compared with the end of last year. *ST Huangtai, *ST Lotus and *ST Lotus have been insolvent for three consecutive years.