Listed Companies Have Published Annual Reports: How To Find Investment Opportunities?

With the closure of annual reports and quarterly reports, the results of annual reports and quarterly reports of listed companies have also become an important factor affecting stock prices in the near future.

So how do we look at the annual reports and how to find investment opportunities? Chen Ning Yang, general manager of Cci Capital Ltd, thinks: "the reasonable growth of net profit caused by the growth of main business and main revenue must be continuous. This is what we should pay attention to."

We need to see some of the brighter financial reports, what is its nature, what causes it, and what has led to its huge growth.

We have noticed that this year's earnings report, a listed company with the largest year-on-year growth in performance, and a listed company on GEM, has increased by 1600 times over the same period. This is amazing.

In addition, there are a large number of growth of more than 500 times, hundreds of times, dozens of times have.

But generally speaking, this relatively large excess growth is mostly a non recurrent item.

For example, I mentioned more than 1600 times this family, it is the merger and acquisition of a subsidiary of the results of the merger report, its own performance in the same period last year is a loss, and then once again recorded in such a large subsidiary of the report, so it has a report 1600 times the growth.

So this is a non recurrent nature, and it must not be sustainable.

So if investors are concerned about the absolute value growth, they will fall into a misunderstanding, because there is no possibility that they will be there in the next financial report.

So we must distinguish between what category we should pay attention to.

We must pay attention to the reasonable growth of net profit caused by the increase of main revenue.

We say the earnings data of listed companies, it has two levels of attributes.

One is

As a microscopic individual, its basic plane is a basic financial data.

Secondly, financial data is an ex post concept, which reflects or reflects a business condition of a listed company in the past period.

But we talk about the factors that affect the share price of a listed company, including the factors that affect the index change. It is multidimensional and multi-dimensional, including index.

The index is actually a weighted set of stock prices of several listed companies. The ranking of the weight that affects the stock price changes should be the macroeconomic fundamentals, macroeconomic conditions and policy aspects.

The company's fundamentals are in the second place, and financial data and earnings data are only part of the company's fundamentals.

Therefore, from the weight ranking of inverted Pyramid, we can probably see that the weight of the financial data of listed companies is not very large.

Because its weight is not very large, its pmission mechanism is not particularly obvious.

It does not mean that 1 1 is equal to 2. This is obvious. If I perform well, my share price will rise. If investment is so simple, it will be better.

This is not the case. We have to see it.

What weight does it occupy in it?

So we must distinguish between different periods and different market conditions, and then rationally and rationally judge.

Why, when the systemic risk concentration broke out in 2015, many of the best listed companies also had a very good decline in the performance of the listed companies? Their share prices also suffered a very significant decline. At that time, when you said that my performance was good, I would not fall, obviously not.

At that time, it may be emotional or fluidity, and even the policy aspect dominates. Your fundamentals must be followed.

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