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After the first half performance forecast or performance report was disclosed, which stocks’ full-year performance forecasts were significantly raised by institutions?

Recently, the mandatory disclosure period for the semi-annual performance forecast of A-shares has ended. Generally speaking, securities analysts will adjust their profit forecasts for the current year after the semi-annual performance forecast of A-share companies is released.

28 Stocks Predictions for 2024

Net profit increased by more than 30%

According to statistics from Securities Times Databao, as of July 17, after A-share companies disclosed their first-half performance forecasts or performance flash reports, 144 stocks received research reports from brokerage firms with upward earnings forecasts in the past month.Among them, 28 stocks (excluding the Beijing Stock Exchange stocks) have their latest net profit forecasts for 2024 increased by more than 30% compared with the previous forecast (forecasts after 2023).。

Looking at individual stocks,TangrenshenThe net profit adjustment is the largest. Huatai Securities' latest forecast is that the stock's net profit will reach 623 million yuan in 2024, and the previous forecast was a loss of 542 million yuan. Correspondingly, the earnings per share was raised from a loss of 0.38 yuan to a profit of 0.44 yuan (Note: for stocks whose net profit forecasts were simultaneously raised by multiple institutions, only the samples with the largest adjustment range were retained).

The company's main businesses are biological feed, healthy breeding, and branded meat products. It is expected to achieve a net profit attributable to shareholders of RMB 4 million to RMB 6 million in the first half of the year, turning losses into profits year-on-year. This is mainly due to the company's continued decline in pig breeding costs and an increase in pig prices in the second quarter compared with the same period last year.

Huatai Securities said that based on the company's recent increase in the number of high-reproduction rate new Danish breeding pigs, continued improvement in PSY (the number of weaned piglets provided by each sow per year), survival rate and other production indicators, and the improvement of pig house capacity utilization, the company's pig farming costs are expected to continue to improve. In terms of market output, the company expects the annual market output to reach more than 4.5 million heads, an increase of more than 21% year-on-year. The brokerage firm expects the company's pig prices to hit a new high in the second half of 2024, and the full-year pig farming business profit may be worth looking forward to.

Semiconductor industry becomes a bright spot

From the perspective of Shenwan’s secondary industries, most of the stocks with net profit increases of more than 30% belong to the semiconductor industry.

Guosen Securities said that according to SIA data, global and Chinese semiconductor sales have achieved positive year-on-year growth for seven consecutive months, and have maintained double-digit year-on-year growth since the beginning of this year. In May 2024, global semiconductor sales hit a new high since July 2022, and the year-on-year growth rate hit a new high since May 2022. The judgment of the semiconductor cycle is maintained, and production chain companies that benefit from the recovery of capacity utilization, chip design companies that benefit from the increase in AI terminals and domestic substitution of high-end products, and semiconductor equipment companies that benefit from expansion are still recommended.

From the perspective of individual semiconductor industry stocks,Yong Silicon Electronics, Tianyue Advanced, Tiandeyu, Hengxuan TechnologyThe net profit of 7 stocks increased by more than 30%.

in,Yong Silicon ElectronicsThe increase in net profit ranked first. The company is mainly engaged in the packaging and testing business of integrated circuits. It is expected to achieve revenue of 1.58 billion to 1.68 billion yuan in the first half of 2024, an increase of 60.78% to 70.96% over the same period last year. This is mainly related to the recovery of the prosperity of some customers' fields, further optimization of customer structure, and the gradual release of new production capacity.

Huajin Securities stated that the production capacity of the Phase II project of Yongsi Electronics is gradually being released, the downstream customer base and application areas are constantly expanding, and the expansion of leading IC design companies including Taiwan has made important breakthroughs. Profitability is expected to improve. The company's net profit forecast for 2024 has been raised to 54 million yuan, an increase of nearly 170%.

8 stocks' net profit this year and next year

The growth rate is expected to exceed 30%

Stocks with upward earnings forecasts often attract a lot of attention from institutions. According to Databao statistics, among the 28 stocks mentioned above, 8 stocks have been rated by more than 10 institutions and are predicted to have a net profit growth rate of more than 30% in 2024 and 2025. Among them, stocks in the agriculture, forestry, animal husbandry and fishery industriesShennong Group14 institutions unanimously predicted that the net profit growth rate will exceed 150% in both this year and next year.

Shennong GroupIt has a complete industrial chain integrating feed processing and sales, pig breeding and sales, pig slaughtering, food processing and sales, etc. It is expected to achieve a net profit attributable to shareholders of 104 million yuan to 128 million yuan in the first half of 2024, a year-on-year increase of 139.42% to 148.52%, which is mainly related to the continued rise in pig prices, the decline in raw material prices, and the improvement in capacity utilization and production management efficiency.

Huatai Securities stated that considering the upward trend in pork prices from January to June 2024, pork prices are expected to continue to improve in the second half of the year, and the company's costs will continue to improve, the company's 2024 profit forecast has been raised to 762 million yuan, an increase of 114.44%.

Agriculture, forestry, animal husbandry and fishery industry stocksWen's sharesHuatai Securities also raised its profit forecast. The agency said that considering the accelerated decline in the company's costs, the company's 2024 profit forecast was raised to 10.037 billion yuan, an increase of 154.94%. Previously, Wen's shares stated in its 2023 annual report that the overall supply of the pig industry is expected to decline in 2024, and the market situation is expected to gradually improve.

From the perspective of the main capital flows, as of July 17,Wen's shares, Shennong Group, Hengxuan TechnologyThe three stocks received large-scale net purchases from institutions totaling over 60 million yuan this year, namely 356 million yuan, 125 million yuan and 61.5589 million yuan respectively.

Hengxuan TechnologyThe company's main business is the research and development, design and sales of smart audio and video SoC chips. It is expected to achieve a net profit of about 148 million yuan in the first half of 2024, a year-on-year increase of about 199.68%, mainly due to the continued growth in demand from downstream smart wearable and smart home customers, the gradual increase in the market share of smart watches and bracelets, and the mass production and shipment of the new generation of smart wearable chips BES2800. The company has received a consensus forecast from 22 institutions that the net profit growth rates for this year and next year will reach 143.64% and 53.46% respectively.

Western Securities said that givenHengxuan TechnologyGiven its leading position in the TWS and wearable fields, the continued recovery of consumer electronics sentiment and the company's introduction of new products, we give it a "buy" rating.

Statement: All information content of Databao does not constitute investment advice. The stock market is risky and investment should be cautious.

Editor: He Yu

Proofreading: Yang Lilin

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