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A-shares counterattacked, and oversold technology stocks rose sharply.

A-shares usher in a general rise

On the last trading day of July, the A-share market saw a general rise, with the Shanghai Composite Index, CSI 300 Index and ChiNext Index rising by 2.06%, 2.16% and 3.51% respectively.

By the close of trading, the number of stocks that rose exceeded 5,000, a record high in a single day in the past three months. According to Securities Times Databao statistics, this year, there have been only four trading days with more than 5,000 A-share stocks rising, two of which occurred in February and one in April.

In terms of themes, humanoid robots, CXO concepts, vitamins, Sora concepts, and diet pills led the market. Humanoid robots rebounded the most, with the sector index rising by more than 6%. Concept stock Siling hit the 20cm daily limit during the session. Tianqi shares, Boshi shares, Leisai Intelligent, Mingzhi Electric, Beizi Technology, etc. received 10cm daily limit.

According to the news, in order to further strengthen the standardized management of the industrial robot industry, the Ministry of Industry and Information Technology revised the "Industrial Robot Industry Standard Conditions" and "Industrial Robot Industry Standard Management Implementation Measures" to form the "Industrial Robot Industry Standard Conditions (2024 Edition)" and "Industrial Robot Industry Standard Conditions Management Implementation Measures (2024 Edition)". The new version of the document will be implemented on August 1, 2024.

Hot bull stocks plunge

While some oversold themes rebounded, many hot stocks related to driverless themes fell sharply. Jinjiang Online, Volkswagen Utilities, Yanao Shares, Power New Technology, Feilida, Ankai Bus and other stocks fell sharply today.

Jinjiang Online plunged from the daily limit in the morning trading, and hit the daily limit near the end of the trading, performing a "ceiling and floor" plot, and closed down 9.15%. Dazhong Public Utilities opened today with a daily limit, hit the daily limit during the trading session, and closed down 9.11%.

Jinjiang Online issued a risk warning on the evening of July 30, saying that the company has noticed that the concept of smart taxis has received a lot of attention from the market recently. At present, some of the company's Jinjiang Taxi companies and related partners have carried out demonstration operations of smart connected unmanned taxis in designated areas of Jiading District and Lingang New City in Shanghai. The above demonstration operations are still in the experimental stage and basically do not generate income. There is still uncertainty in future business development.

More than 700 companies disclosed repurchase announcements

As a basic institutional arrangement of the capital market, share repurchase plays a role in optimizing capital structure, maintaining the company's investment value, and improving the investor return mechanism. According to Databao statistics, based on the announcement date, since July, more than 700 companies in the A-share market have disclosed announcements related to the progress of repurchases, with a total repurchase amount of nearly 16 billion yuan.

There are 72 companies whose repurchase amount exceeds 50 million yuan. These companies are mainly distributed in the pharmaceutical and biological, electronics, power equipment, food and beverage, and mechanical equipment industries, among which the pharmaceutical and biological industry has the largest number of shortlisted companies, with 18.

Baosteel has the highest repurchase amount. Since July, the company has issued two repurchase announcements, with a total repurchase amount of 626 million yuan. The company is one of the steel companies with the most complete carbon steel varieties in the world. In 2023, the export order volume hit a record high, and the total profit was 15.09 billion yuan. The operating performance remained the first in the domestic industry. Before July, the company had announced several repurchase progress, with a total repurchase amount of more than 1.3 billion yuan during the year.

Other companies with high repurchase amounts include CATL, SF Holdings, Huanlejia, Ecovacs, and C&D Properties.

Judging from the performance of the secondary market, the share prices of some companies rose during the repurchase period. According to Databao statistics, as of the close of July 31, the share prices of eight companies rose by more than 10% since July, with National Technology, Kanglong Chemical, Haiguang Information, Kailai Ying, and Liqun Shares leading the way in terms of cumulative growth.

11 companies have positive earnings forecasts

Some blue chip stocks are oversold

Affected by factors such as industry recovery, improved operating efficiency and project commissioning, some companies have expected good performance in the first half of the year. According to Databao statistics, based on the lower limit of the net profit forecast (the announced value is used if there is no lower limit), there are 11 companies whose net profit increased year-on-year (including turning losses into profits) in the first half of the year. Two chip leaders with a market value of 100 billion yuan, Will Semiconductor and Haiguang Information, are on the list.

Will Semiconductor's net profit growth rate ranked first. The company expects its net profit in the first half of the year to be 1.308 billion yuan to 1.408 billion yuan, a year-on-year increase of 754.11% to 819.42%. During the reporting period, market demand continued to recover, and downstream customer demand increased. With the company's product introduction in the high-end smartphone market and the continued penetration of autonomous driving applications in the automotive market, the company's operating income has achieved significant growth.

Juneyao Airlines expects its net profit in the first half of the year to be 450 million to 550 million yuan, a year-on-year increase of 459.90% to 584.32%. In the first half of the year, benefiting from the increase in travel demand during the Spring Festival and other holidays, the opening and resumption of international routes, domestic and international passenger turnover and passenger load factor increased year-on-year, and the company's net profit increased significantly compared with the same period last year.

Yutong Optics expects its net profit in the first half of the year to be RMB 81 million to RMB 91 million, a year-on-year increase of 200.74% to 237.87%. During the reporting period, the company continued its good start in the first quarter, with an increase in business volume, operating income, and gross profit margin, such as traditional security lenses, automotive lenses, glass aspherical lenses, and other automotive optical components, and micro-single photography.

Among the 11 companies with positive earnings forecasts, some of them have low valuations. According to Databao, as of the close of July 31, six companies had rolling P/E ratios below 20 times, including Yongtai Energy, Shanying International, JOVO Energy, Zhongwei Shares, Tongli Risheng, and Liugong. Yongtai Energy has a rolling P/E ratio of 10.56 times, ranking the lowest.

Judging from the stock price trend, the stock prices of some companies have fallen too much. According to Databao statistics, compared with the highest point of the year, the latest closing price of five stocks has retreated by more than 20%, namely Zhongwei Shares, Tongli Risheng, Shanying International, Yongtai Energy, and Juneyao Airlines.

Zhongwei shares had the largest retracement, with the company's stock price rising 5.14% today, and the latest closing price retreating 28.54% from the high point of the year. The company is the world's leading ternary precursor industry leader, and hit a historical high during the trading session on November 24, 2021. After experiencing rapid growth before listing, the company's growth rate has slowed significantly in the past two years. In 2023, the company's net profit increased by 26.15% year-on-year, falling to a new low in the same period since its listing. Compared with the historical high, the company's latest closing price has retreated by 80%, which is at the historical bottom range.

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

Editor: Xie Yilan

Proofreading: Zhu Tianting

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