With the first quarter disclosure, listed company performance forecasts have appeared. According to the data, 18 listed companies in Foshan have announced first-quarter earning forecasts, of which 11 companies reported positive results, accounting for 61.11 percent.
Homso and Cnlight may get double profit
Among the 11 pre-increasing enterprises, 2 are expected to double the net profit. Xiongsu Technology Group continues to increase R&D investment to ensure the leading and stable development of the industry. Cnlight expects the net profit attributed to shareholders of listed companies to be 12.3705 million yuan to 15.4632 million yuan from January to March 2018, with a year-on-year growth rate of 60 percent to 100 percent.Its performance growth is mainly due to the company's main business LED lighting and charging pile business achieving rapid growth.
In addition, NationStar Optoelectronics Co.Ltd and Dong Fang Precision estimate that the 2018 quarter net profit growth will reach over 30 percent. Due to the gradual release of the company's expanded production capacity and the increase in sales revenue, NationStar Optoelectronics Co.Ltd expects net profit between 67.2849 million yuan and 82.8122 million yuan in the first quarter, with an increase between 30 percent and 60 percent.
Good performance for newly listed enterprises
Since 2017, the new listed Foshan enterprises have also performed well. Three new listed enterprises including FOSHAN GOLDEN MILKY WAY INTELLIGENT EQUIPMENT CO., LTD, Guangdong High Dream and CKS are expected to slightly increase in the first quarter of 2018. For the reasons for the growth, several listed Foshan companies said that it is benefited from “increased production capacity and sales growth”.
Quarterly result may become the investment vane
An analyst from security exchange department in Luocun, Nanhai said that if the company can maintain a good growth rate in the first quarter, it can lay a good foundation for the growth of the company's full-year results.Companies with higher deterministic growth in the first quarter have a higher investment value.