The Reasons Why Listed Companies Are No Longer In High Growth

In 2011, the growth of listed companies was no longer high.

Company pressure increased

As of April 27th, a total of 2349 listed companies in the two cities disclosed annual reports to achieve a total operating income of 223087 billion yuan, attributable to shareholders of listed companies.

Compared with the corresponding growth rate of 34% and 37% of the listed companies' revenue and net profit in 2010, the operation of Listed Companies in 2011 is facing great pressure in the face of the complex and changeable macroeconomic situation and the continued European debt crisis. The growth rate of less than 12% is also the low growth rate of the listed companies since the financial crisis in 2009.

Data show that in 2008, when the overall performance fell by nearly 16.9%, the overall performance of listed companies increased by 25% in 2009, and was rapidly restored, while the growth rate in 2010 continued to expand by more than 30%, but the recovery trend slowed down in 2011.

Of the 2349 companies, 1381 are

The gross profit margin of listed companies is also declining.

Of the 2349 companies, non-financial companies

Export oriented industry setback

According to the type of branch companies, 49 of the 50 board companies of Shanghai Stock Exchange have published annual reports, achieving a total net profit of 10147 billion yuan, accounting for 53% of all listed companies, with an overall performance increase of 17%, of which 37 profit growth.

In addition, the operating income and net profit of 670 small and medium board companies that had disclosed annual report data were 13191 billion yuan and 104 billion 800 million yuan respectively, up 22.8% and 9.23% respectively compared with the same period last year, while 311 GEM companies achieved 150 billion 300 million operating income and 23 billion 500 million yuan net profit, up 27% or 15.4% over the same period.

The gross profit margins of small and medium sized boards and GEM companies were 22.37% and 35.78% respectively, down 1.03 percentage points and 1 percentage points, and the decline was better than the overall performance.

The above data can be seen that the performance trend of listed companies tends to be obvious, and the growth of the big blue chip and the "two heads" of the gem company is slightly better.

Unlike the iron and steel industry in 2010, the steel industry in 2011 was struggling.

At present, 32 Steel Corp in the listed companies have achieved net profit of 16 billion yuan, down 46.5% compared with the same period last year, ranking the first in all industries in 2011.

Another trend is that the shipping industry, which benefited from the recovery of imports and exports in 2010, has fallen to the bottom and dragged down the performance of the entire pport industry.

The pport industry in 2011 has achieved an overall performance of 52 billion 100 million yuan, down 38% compared to the same period last year, especially the shipping industry as a whole has fallen by 196%, and 11 of the 13 companies in the industry have fallen in the same period.

Due to the obvious slowing down of world trade growth and the insufficient impetus of European economic recovery under the gloom of the European debt crisis, the industries with strong external demand are facing a lot of pressure under the rising cost. In the past, the performance of some companies which were mainly dependent on exports dropped sharply, of which the textile manufacturing industry dropped by 15%, while the light industry manufacturing industry declined by 19% and the rate was third.

Domestic demand supports half the sky.

Domestic consumer demand companies became a big free from internal and external troubles in 2011.

According to the industry of Shen Yi class, 18 of the 23 big industry categories have achieved an increase in the profits of the industry, and the growth rate of 8 industries, such as food, beverage, electronics, building materials, agriculture, forestry, fishing, animal husbandry, financial services and household appliances, has increased by more than 20%.

Chemical industry, textile and garment industry did not decline, but the growth rate was less than 3%, barely growing.

Light manufacturing, steel and pportation are typical examples of year-round performance decline.

Benefiting from the steady growth of consumption, the consumption industry, such as food manufacturing and household appliances, continued to grow in good momentum in 2010, and the agriculture, forestry, animal husbandry and fishery industries were also developed last year.

The 55 food and beverage industry achieved a net profit of 34 billion 700 million yuan, an increase of 37% over the same period last year, and 41 companies grew year on year, of which 16 were over 50%.

The growth of agriculture, forestry, animal husbandry and fishery, especially livestock and poultry farming, increased in 2011, and the overall profit growth of the industry was around 132%.

In addition, building materials, financial services industry also has more than 20% growth, and such as commerce, catering, medicine and other sectors also achieved growth, but the increase is not outstanding, maintained between 10% and 20%.

The real estate industry, which has attracted much attention, has maintained an increase of 12.6%, but its growth rate has dropped markedly over the past 28% years.