How is the performance of concept stocks in the first half of the year?

Among the concept stocks of Oriental Fortune Choice42, 34 companies have achieved profits, among which the three major communication operators and ZTE Corporation (000063.SZ) are at the top of the list. ZTE is also the "first brother" of research and development expenses in the first half of the year, with research and development expenses reaching 12.792 billion yuan. The growth rate of research and development expenses of Da Niu Stock Hongbo Stock (002229.SZ) is the brightest, reaching 119.25.

In addition, with the release of the new regulations on shareholding reduction, Interface News noted that the accumulated cash dividends of about 30 companies in the past three years accounted for less than 30% of the average annual profits in the past three years.

8 Company Loss

oriental wealth Choice data show that among the 42 computing power concept stocks, 34 companies made profits in the first half of the year. China mobile (600941.SH) took the lead with a net profit of 76.173 billion yuan. the other two major communication operators China telecom (601728.SH), China Unicom (600050.SH) and ZTE realized net profits of 20.115 billion yuan, 5.444 billion yuan and 5.472 billion yuan respectively, net profit in the first half of the year exceeded 1 billion yuan.

"Some people are happy and some are sad", and eight computing concept companies are losing money. Among them, there are many hot stocks that took off on AI Dongfeng's share price in the first half of the year, such as Hongbo, Haitian Ruisheng (688787.SH) and Cambrian (688256.SH). The three companies lost 31.6789 million yuan, 17.2414 million yuan and 0.545 billion yuan respectively in the first half of the year. As of September 1 this year, the share prices of the three companies have risen 439.77 per cent, 91.24 per cent and 172.78 per cent respectively, ranking at the forefront of the gains in a number of computing stocks, and Hongbo shares have become a major computing bull this year.

If you look at the growth rate, the performance of 25 companies in the first half of the year has a positive year-on-year growth, and 17 companies have a negative year-on-year growth. The biggest increase in performance was Hangyu Micro (300053.SZ), up 206.38 year-on-year to 51.3129 million yuan. Hongxin Electronics (300657.SH), which has been losing money for two years, fell 332.31 percent year-on-year, with a net profit of -0.181 billion yuan in the first half.

In addition, the computing business of many companies is still in the early stage of investment and development, and its contribution to the overall revenue has not yet appeared.

zhongbei communication (603220.SH) said publicly that the computing power business has not yet generated income; Hongbo shares, which have been the most popular, also said that so far the company's computing power rental business accounts for a small proportion of the operating income of listed companies. In the first half of the year, the surveying and mapping shares (300826.SZ), which has just become the new army of computing power, plans to issue convertible corporate bonds in June this year, of which about 0.15 billion yuan will be raised for digital twin-oriented computing power center and production base construction projects.

ZTE is the "first brother" of R & D expenses

The computing industry chain involves many links, and computing companies need a lot of money to develop products and build their own barriers, and research and development costs have become a major concern to measure the technology investment of computing companies.

in terms of total research and development costs, ZTE ranked first, followed by the three major communication operators and Ziguang shares, wave information (000977.SZ), Ruijie network (301165.SZ), etc., with research and development costs above 1 billion yuan. ZTE "defeated" the three major operators, with research and development costs as high as 12.792 billion yuan in the first half of the year, followed by China Mobile in 8.515 billion yuan.

if we look at the growth rate of research and development expenses, the first half of the year-on-year growth of research and development expenses of the top three are Hongbo shares, Ziguang Guowei and Longxin Zhongke (688047.SH), respectively, 119.25, 75.62, 57.64, the corresponding research and development costs of 12.2395 million yuan, 0.673 billion yuan, 0.197 billion yuan. However, the overall research and development costs of Hongbo shares are not high among peers, ranking third from the bottom among a group of computing power concept stocks.

30 companies are restricted from reducing their holdings due to insufficient dividends

According to the latest requirements of the China Securities Regulatory Commission, if a listed company has broken or broken net, or has not paid cash dividends in the past three years, and the cumulative cash dividend amount is less than 30% of the average annual net profit in the past three years, the controlling shareholder and actual controller shall not Reduce the company's shares through the secondary market.

Based on this, more than half of the computing power concept stocks are difficult to meet the conditions for the controlling shareholder and the largest shareholder to reduce their holdings. The interface news reporter combed and found that failure to meet the dividend conditions is the hardest hit area.

According to Choice data, 30 companies have accumulated cash dividends in the past three years accounting for less than 30% of their average annual profits in the past three years, among them, Cambrian, Dongfang Guoxin (300166.SZ), Loongson Zhongke, Runhe Software (300339.SZ), Zhengtong Electronics (002197.SZ), Hengxin Dongfang (300081.SZ), Dr. ST Peng (600804.SH), Zhongqingbao (300052.SZ), Aerospace Micro, Hongbo shares, Weiston (301315.SZ) and other 11 companies have not paid cash dividends for three years.

picture: calculation power stocks that do not meet the conditions for reducing the new dividend

as of August 31, compared with the initial price and the closing price (after the resumption of rights), only one company of torch core technology (301315.SZ) among the 42 concept stocks was broken, and no company was in a broken state for the time being. however, the price-to-book ratio of the three major telecom operators was at the "edge of danger", China Unicom was only 1.04, China telecom and China mobile were 1.17 and 1.6.

before the release of the new rules on reduction of holdings, many companies' actual controllers and controlling shareholders had already cashed out at the climax of artificial intelligence in the first half of the year. According to the statistics of the announcement combed by interface news reporters, Tianfu Communications (300394.SZ), Xinyisheng (300502.SZ), Shunwang Technology (300113.SZ), Runhe Software, the actual controller or controlling shareholder of Mingpu Optronics (002902.SZ) and Hengxin Dongfang have all reduced their holdings since this year, while the major shareholder of Lanqi Technology (688008.SH), which has no controlling shareholder and actual controller, has reduced its in the first half.

In addition, Mingpu Optical Magnetics, Hengxin Oriental's actual controller and controlling shareholder reduction plan is in progress, and the chairman of Hangyu Micro's reduction plan is in progress.