Inventory of 4904 listed companies in A shares in the central report of the Central Report Super 60 % of the revenue increased year -on -year

Although the key technologies abroad "card neck", a listed company has broken a new life; during the trough of the industry, a listed company actually crossed ... This is the Chinese economic tenacity passed from the listed company's semi -annual report.

As of September 8, the A -share 4904 listed company disclosed the 2022 interim. We have pulled out a year -on -year growth rate data from Wind, of which 2961 (accounting for more than 60 %) listed companies in the first half of the year increased year -on -year, and the net profit of 2312 listed companies increased the net profit after deduction.

And when we superimposed the three financial indicators of the three financial indicators of revenue, net profit, and deduction, and returned to the mother's net profit, and sorting out companies with positive growth year -on -year, we found that there were 1,883 listed companies that met this condition.

From the perspective of geographical distribution, of the 1883 listed companies, 264 Guangdong, 257 Zhejiang, 244 Jiangsu, 181 Beijing, 116 in Shanghai, and a large economic province (city) brave.

From the perspective of the distribution of Wind -level industries, the most increasing number of performance is the chemical industry, with a total of 210, followed by 168 machinery industries, followed by 156 electronic equipment, instruments and component industries. In addition, electrical equipment, metals, non -metals and mining, pharmaceuticals, semiconductor products and semiconductor equipment are ranked among the top.

If the increasingly large listed company group is the mainstay of the Chinese economy, then these industries and enterprises with strong growth momentum reflect the structural changes and development toughness of the current Chinese economy.

We took the story of 4 companies from 1883 A -share listed companies, and added a H -share listed company that performed outstandingly in the industry. Among the stories of these companies, Zhejiang University's new (SH600797, the stock price of 6.07 yuan, a market value of 6.24 billion yuan), which is fighting in the "globalization", has a new energy boat as a breakthrough "out of the road". The stock price of 13.05 yuan and a market value of 4.93 billion yuan), there are Tongcheng travel (HK00780, HK $ 15.78, a market value of HK $ 35.13 billion) under the epidemic of the epidemic. The freshman Puyuan Electric (SH688337, the stock price is 86.06 yuan, the market value is 10.44 billion yuan), and there are also Opai Home Furnishing (SH603833, the stock price of 134.95 yuan, and a market value of 82.21 billion yuan).

Today, the wind and rain are the norm, the wind and rain are not hindered, and the storm is the state. On the road, the risk test will always be available.

Mo listened to the sound of forests and leaf, so why not scream and do it.

In the first half of this year, more than 60 % of listed companies revenue increased year -on -year. The picture shows a picture of the new energy vessels produced by the listed company Jianglong Boat.

Go to break the game: technology is fundamental

"13.2 μVRMS, 13.2 μVRMS ..."

In the early morning of the summer of 2022, the Puyuan Electric Power Chip Research Center simulated IC design engineer Alain and his colleagues in R & D team repeated this number over and over again.

"The smaller the noise in this bottom, the higher the measurement accuracy. When the first set of data is tested, accompanied by the rising sun, we cheer like a child." On July 18, Alain was semi -semi -medium in Puyuan Electric Electric Power half. When the Person chipset was released, it was still difficult to hide the excitement and pride in their hearts.

13.2 μVRMS (VRMS refers to the valid value of voltage, 0.0000132VRMS, that is, 13.2 μVRMS, only one -tenth of ECG signal), allowing oscilloscopes to reach 1778 times within the range of full gain. Introduce that when the signal noise ratio reaches 1,000 times, the signal measurement of the oscilloscope is already accurate. But Puyuan Electricity goes further. Under this signal -to -noise ratio, the waveform of the oscilloscope will be more vivid. This is a 10 -person team led by ALAIN. It lasted 427 days. It analyzed and tried more than 70 technical solutions. The final results were now applied to Puyuan Metropolitan High -precision universal measurement chip group halfman.

As early as the release of the "Phoenix" chipset in 2017, the oscilloscope company from China, Puyuan Electric Power, broke the foreign monopoly and became the only five in the world with the core integrated circuit (ASIC) design capabilities (ASIC) design capabilities (ASIC) One of the brands. The release of the Half -Hema -Ma -seat chipset in 2022 further filled the lineup of the self -developed chip group of Puyuan Electric Power.

"The successful research of the Phoenix chip group is a very important technical barrier for us. International heading companies, taking digital oscilloscopes as an example, the top three companies have taken more than 90%of the market share, all through differences, all through differential differences, all of which have passed the differences. The technology of the self -developed chip technology formed the moat. "Cheng Jianchuan, chief strategic official of Puyuan Electric Power, believes that after the self -developed Phoenix chipset, the company really opened the blue ocean market.

In 2022, Puyuan Sebled successfully landed on the Science and Technology Board. In the first half of the year, the company's revenue was 261 million yuan, an increase of 23.25%year -on -year, and the net profit attributable to the mother was 29 million yuan, a year -on -year loss. Among them, the second quarter of operating income increased by 24.14%from the first quarter, and the net profit attributable to the mother was 24 million yuan, an increase of 396.5%year -on -year, and a month -on -month increase of 467.3%.

The company's management believes that performance growth is mainly due to the rapid growth of high -end products brought about by technological breakthroughs. In the core sector digital oscilloscope products, the sales of self -developed chip products accounted for 69.12%, an increase of 19.18%year -on -year, further reflecting the strategic advantage of self -developed chips. During the investor survey in July, the company's management mentioned that the five heavy new products released in June to July will bring greater momentum to the growth of performance in the second half of the year. It is estimated that it can reach more than 30%of the year Performance growth.

To maintain high growth, what do you rely on?

Cheng Jianchuan believes that first of all, it is still driven by high -end products. The price band of the digital oscilloscope is very wide, from the lowest -end to the minimum to millions of yuan or even tens of millions of yuan. At present, Puyuan Electric Electric high -end digital oscilloscope products, the host unit price is about 200,000 yuan. Secondly, with the release of new products such as the series digital oscilloscope, linear DC power supply, microwave signal generator, the product matrix is ​​further enriched, and the entire market demand is amplifying. On the one hand, the policy level "domestic replacement" has promoted the growth of domestic demand. On the other hand, communication, semiconductors, and new energy tracks have released considerable global market demand.

Puyuan Metropoli has achieved a breakthrough in domestic oscilloscope companies from 0 to 1 in chip self -research, but the future is still blocked. In the field of chip self -research, domestic oscilloscope companies still have problems with high -end key technology areas.

"The key technology of 'card neck' is a technical path we have seen, and it has made breakthroughs in many pre -research. From finding the way of feasibility to the final grasp of key technologies, this is a process of exploration process. However, it can be seen that the speed of our entire innovation is accelerating, and the more solid the company's technology accumulation, it means that it is possible to achieve leaps in the future development. "

Cheng Jianchuan has judged that there is still a lot of room for development for domestic oscilloscope companies at the current stage. As far as Puyuan Electric Power is concerned, through the underlying breakthrough of technological innovation, it has established its own advantages and emphasizes application solutions in the high -end market. Secondly, in terms of product performance and functions, differentiated product strategies are introduced; third, agile tactical adjustments around market demand. Puyuan Temperature's "Technology+Market" two -wheel drive strategy is the core element of development.

In April 2022, Puyuan Seblem has undergone a stock price break on the day of the science and technology board. However, after five months of market review, the company's stock price hit a record high at the end of August.

How does Puyuan Electric Power look at external fluctuations?

Cheng Jianchuan believes that the capital market's expectations and confidence in the company comes from the strategic development and growth of the future. The technology is the fundamental. If there is no technical breakthrough in this industry, the story is futile because business logic will eventually be verified.

"The kernel stones in our hearts are strong enough, so we are constantly challenging and breakthrough."

There are disturbances: but business will eventually return to rational judgment

Same as Cheng Jianchuan, Xu K Fei, the new vice president and director of Zhejiang University, also lamented the importance of technology. "As long as the technology is good enough and the delivery ability is strong enough, the globalization will stand in the correct direction of time."

Although the company's business may be affected by geopolitics or other factors in the short term, commercial customers will eventually return to the rational judgment of business and choose the optimal partner in technology and efficiency.

In the first half of 2022, Zhejiang University's new revenue was 1.868 billion yuan, an increase of 11.44%year -on -year, and net profit attributable to the mother was 53.609 million yuan, an increase of 88.09%year -on -year.

The digital intelligence business facing the B -end and G end is a new field of continuous cultivation of Zhejiang University. In these two major directions, the four major business segments of industrial intelligence, intellectual infrastructure, government digitalization, and digital wisdom cloud services are the main direction of current listed companies.

Xu Kefei introduced that in the first half of the year, the year -on -year increase in gross profit and net profit was a greater increase. It was an intelligent sector in infrastructure. The construction of IT systems of high -speed rail, tunnels, and urban pipe corridors promoted income growth and gross profit margin.

On the other hand, the largest section of the main business proportion of listed companies is the intellectual sector of the industry. Zhejiang University, which is positioned with "globalization" enterprises, mainly provides natalizure solutions for international and domestic customers. In addition to the field of energy digital intelligence, fintech is also a major segmented industry.

"Hengtian Software, the subsidiary of fintech as the main business, has a growth trend in the first half of this year, and the international and domestic dual -cycle trends are obvious. Hengtian's domestic financial customers are in Shanghai. In the first half of this year, they were affected by the Shanghai epidemic. The business decreased by 10%, and the growth rate of foreign business exceeded 20%. "Xu Kofi introduced." Last year, due to the increase in various uncertainties, the company's international business development faced a huge challenge. Waiting for the country, but the domestic financial business has grown steadily, showing the development trend of this. Under the affected domestic market this year, overseas markets have recovered and customers return. Taking our old customers DST as an example, since the acquisition of SSCs, The personnel have been changed. In the past two years, the cooperation with the new network was transferred to India, but in this year, the business turned back again. "

In the semi -annual report of 2022, Zhejiang University ’s new has also had high hopes for digital intelligence in the energy industry. The construction of new power systems with new energy as the main body continued to catalyze the needs of power grid informatization products. This demand may bring new development opportunities to the intelligent digital field of energy power plants, virtual power plants, power retail, and green power transactions, and is expected to become a new business breakthrough point in the company. In August, there were many geothermal waves across the country. "Such scenes make everyone realize that under the situation of extreme climatic conditions in the future, or if there is a problem with the supply chain ... the construction of a adjustable new power energy system is very urgent and important. The opportunity window, this opportunity not only comes from the electric side side, but also has the possibility of reform on the power grid side, the demand side, and the transaction side. " The advanced stage and inevitable trend of market development. In essence, the power trading market is extremely close to financial trading attributes, so the intelligence of energy numbers is worthy of breakthroughs. It is a deep track.

Right now, despite the international situation and epidemic factors, the digital economy is still in the country.

Zhejiang University, which is mainly engaged in digital intelligence, is promoting the technical barriers through the combination of self -research+industrial chain investment layout. Xu Kefei introduced that in recent years, the company has tracked cutting -edge technology in clouds, privacy computing, blocks, blocks, blocks, blocks, and blocks. Some investment in the areas of chain, AR, etc., integrate advanced technologies on the industrial chain into the company's solution through the method of participating in the shares.

"For enterprises to have toughness, it still needs enough accumulation and accumulation. There is no resilience to accumulate. The lonely betting is unable to stand the change of the big era."

Conspling butterfly: No broken or standing

Zhejiang IT enterprises hope to accelerate energy of energy and excavate new tracks. Under the goal of "double carbon" thousands of miles away, some companies also hope to combine their own business with the new energy industry.

Farewell to the roar of the engine and the smell of burning diesel, a new energy boat replacing traditional energy boat changes are quietly occurring.

Jianglong boat also keenly aware of this change, and the company regarded new energy as the "new driving force" of performance growth.

According to the company's executives, at present, the power source of most domestic travel boats is still fuel. In recent years, the country has introduced the "dual carbon policy" and multiple policies to encourage the development of the new energy boat industry. Energy "transformation or replacement is the general trend.

According to data from the Ministry of Transport, at the end of 2021, there were 113,600 inland transport ships in the country. Most inland river transport ships used fuel oil as a promotion system power, and the market potential for new energy ships was huge.

Throughout the shipbuilding industry, it was not optimistic in the first half of this year. According to statistics from the China Shipping Association, from January to June, the new volume of the shipbuilding market was 22.46 million yuan, a year -on -year decrease of 41.3%; the completion of the delivery was 18.5 million yuan, a year -on -year decrease of 11.6%.

In the first half of this year, the revenue and net profit of Jianglong boats were 248 million yuan and 8.892 million yuan, respectively, an increase of 3.32%and 45.95%year -on -year.

Depending on the size and requirements of the boat, the construction cycle of the boat is different. Generally in 10-12 months, the orders of new energy boats signed by Jianglong ship last year and this year are also starting. Manufacturing state.

"The outside world may have a impression of shipbuilding as a traditional industry, but our subdivided industry (small and medium -sized high -performance boats) is actually not the case." Walking in the production base of Jianglong boat located in Zhongshan, Guangdong. Hearing similar feedback.

The battery pack cabinet in the corner of the warehouse area may be the most direct explanation, which is prepared for the new energy boat. In 2021, Jianglong Boat New Energy Ship's newly signed tax included a 15.2 times year -on -year amount of taxes, and a number of new electric tourist boats were signed.

In March of this year, the 36.8 -meter travel ships undertaken by Jianglong Boat started the fire. The ship was the first pure electric promotion passenger ship built by the Guangdong Free Trade Zone; After receiving its test, the 500KW -class hydrogen -grade hydrogen fuel cell power transportation ship "Three Gorges Hydrogen 1" of the 500KW -class hydrogen -grade hydrogen -grade hydrogen fuel cell has also been launched to provide important theoretical foundations and data support for the promotion of subsequent hydrogen fuel cell vessels in my country.

The company's exploration of new energy boats can be traced back to 2008. At that time, Jianglong Boat undertook the construction of two tourist ships in the Expo. These two ships adopted steel and FRP composite technology, and also innovatively used solar and wind energy complementarity technology.

Yan Zhiqing, chairman of Jianglong Boat, later recalled in an interview with the media: "When we first launched a composite boat, the industry was unacceptable for a while, but now it has formed an industrial chain and industrial belt. More and more loved by shipowners. "

After that, Jianglong Boat also opened the situation in the boat market, forming a business pattern mainly based on official law enforcement boats and tourism leisure boats, and continued to increase investment in new energy boats.

Yan Zhiqing admits that in the past, boat manufacturing was a technological backward industry, and many companies were in low -quality competition. So he has been thinking about how to make his own technical highlights, "break out."

"In fact, the manufacturing principles of boats and cars are similar. The products do better than others. Either under the same energy consumption, running farther than others than others, or in the same distance, energy consumption is lower than others than others than others. . "Yan Zhiqing said. In July 2019, China's first methanol fuel power boat independently developed by Jianglong Boat also successfully launched the water. According to a report from the National Key Laboratory of the Burning Science of Tianjin University, compared with pure diesel power boats, the various emissions values ​​of the methanol fuel power boat are better than the latest "ship engine exhaust pollutant emission limit and measurement method (Phase 1 and Two) The limit of.

Cross -cycle: Do not “same frequency” with real estate

In the seemingly traditional industry, there are European home furnishings.

On the afternoon of September 6, the sales and designers were busy in a home store on the Guangzhou Avenue, "If you are going to be renovated in the near future, I need to report it. There are more projects in these months. Need to make an appointment for the construction team in advance, "a salesperson reminded.

This does not seem to be the scene that the real estate industry is in the real estate industry.

In recent years, the impact of the epidemic, especially in the first half of 2021 and 2022, the home improvement industry can be said to have experienced the "downward period" collectively: on the one hand, the decoration needs of new houses and first -hand houses are suppressed; on the other hand, real estate customers should respond to It is disturbing if you don't pay attention to the account of accounts.

According to data from the National Bureau of Statistics, in the first half of 2022, the owner's business revenue of furniture manufacturing was 360.4 billion yuan, a year -on -year decrease of 4.0%.

As the industry's "Big Brother", Ou Pai Home Furnishing, during the two reports of the two reporting periods, handed over the dual -growth transcript of revenue and net profit, which is rare among custom home listed companies.

The reason is that when the insiders of the Oupai Home and reporters communicate with the reporter, the current situation of the market situation changes, in addition to the reduction of cost reduction and efficiency through the transformation of intelligence, informatization, the Eupai Home Those who tailor a home and "go to meet market demand."

This may be mentioned in the 2021 report of Oupai Home ——

Regardless of how the general trend changes, consumers' pursuit and longing for a better life have not changed fundamentally.

Yao Liangsong, chairman of Ou Pai Home Furnishing, added that the early custom home furnishings did completely synchronize with the rise and fall of real estate, but now there will be differences in the development curve. Pressure, but as long as you can meet consumer needs, custom home furnishings still have great potential space. "

Provide consumers with a more "tailor -made", which has also become the "lighthouse" of the European home industry cycle.

The reporter learned that in 2021, the Ou Pai Home Furnishing first proposed the concept of "full family customization" in the wardrobe field. Under the change, the Ou Pai Home Furnishing in the cabinet has become the main driving force for performance growth. In the first half of this year, compared with the year -on -year growth rate of the overall cabinet business revenue of 1.95%, the year -on -year revenue of the related business of Opai Home Wardrobe reached 31.43%. The same situation in 2021.

In the past, custom home companies only made cabinets. At best, the whole house's wardrobe, cabinet, balcony cabinet and other "rounds". In the "entire family customization" model, companies also provide finished and software furniture of beds, sofas, lamps, home appliances and other finished products.

The aforementioned sales staff on the Oupai Home Store on Guangzhou Avenue also introduced that the Ou Pai Home Furnishing also established a cooperative relationship with the decoration company. If consumers have the needs of hard installation construction such as walls, hydropower, etc., they can also be resolved at one time.

Ou Pai Home Furnishing has disclosed in the announcement that in the future, the improvement of the improvement of home home furnishings in my country is still large. Ai Media Consultation predicts that the size of my country's custom home furnishing market will reach 332.4 billion yuan in 2024. In this way, the "whole family" trick is to increase the "battlefield" of the company from the original 100 billion level market to a trillion -level market -multiple research reports predict that by 2025, the domestic decoration market will reach or exceed or exceed that by 2025 4 trillion yuan.

However, it should be noted that "entire family customization" is only a concept of marketing. Behind it is the unremitting integration of the supply chain and digital transformation from the sales end to the production side for many years.

All this is now visible to other head companies in the custom home industry.

Strong breakout: sinking in the tourism market and sinking

Under the epidemic, the practitioners of the tourism industry may best understand the difficulty of real estate practitioners.

How to break through?

In the first half of 2022, the sinking market became the key to maintaining a strong performance under the epidemic.

As an important source of tourists, some first -tier cities in China have experienced more epidemics in the first half of the year. The reduction of personnel flow is obvious on the tourism industry -14 major scenic spots listed companies have a collective loss in the first half of the year, of which 13 net profit fell more than three digits year -on -year.

In the first half of the year, Tongcheng also encountered the double landslide of revenue and net profit, but in the second quarter, revenue was 1.319 billion yuan, and it returned to 83%of the same period in 2019. The net profit was adjusted by 120 million yuan. The rate is 8.5%, and this data is slightly prominent in the tourism industry.

Tongcheng Travel CEO Ma Heping said in an interview with the media that the sinking market is the key to the company's profitability. As of June 30, 2022, there were 87.1%of registered users in Tongcheng's non -first -tier cities. About 61.7%of the newly added fees on WeChat platforms came from third -tier and below cities. To some extent, the continuous high -speed growth of registered users in non -first -tier cities is the reason why the performance of the Tongcheng travel epidemic is strong. In the sinking of many business sectors, the company's exploration of car tickets in the sinking market is particularly prominent.

Tian Chuan, Vice President of Tongcheng Travel and CEO of the Botchry Division, said: Unlike most travel companies, we maintain our offensiveness, not just shrinking.

The business team responsible for auto ticketing, that is, market personnel who are directly connected with passenger enterprises (here to highway passenger transport, the same below) are only 4 people across the country in 2015. Nowadays, more than 100 people are now.

Time returns from 2015 to 2016, the first stage of the Tongcheng trip in the sinking market.

Tian Chuan described that at that time, many prefecture -level cities did not have the concept of online ticket sales. Four people can only connect the passenger resources that can access the Internet first- "establish an online ticketing system, where can I sell tickets online, first put it up."

From 2017 to 2019, the team spent a lot of time to communicate with enterprises.

At the beginning, Tongcheng Travel was cut into the distributor/channel business of local passenger enterprise auto ticketing. There is a station's push cabinet machine. There is no station and only the two -dimensional codes of the car. Traveling WeChat Mini Program, complete ticket purchase.

After a few years of getting along, after reaching trust, the customer company began to put forward more demand. Tongcheng travel also corresponds to the launch of customized passenger transport, smart field stations and other businesses.

"This incident is not a solution to the recruitment. China's passenger transport industry is extremely scattered. Every place is different. It needs to be deeply understood by local needs. Only one point and one point to do it. It is impossible to open up the country at once. "Tian Chuan said that this is also the biggest difficulty.

“摸清”之后，同程旅行开始在下沉市场高速扩张，“全国不能留白，每个城市必须拿下来。”田川说，疫情两年多，每年扩招超过50%的人，就是为了保证每There are at least 2 to 3 people (cities and autonomous regions).

What does the epidemic prevention and control of the sinking business of the same way mean? It's a pusher.

Lin Kecheng, the person in charge of the central region of the Tongcheng Xingwang Division, mentioned that "some companies before the epidemic may be provided for free in the local ticket machine. After the epidemic, in order to reduce expenses, reduce personnel, and less service, they have given less service. We have a wider space. "

More importantly, the epidemic has also allowed passenger companies to accelerate the transformation and seek self -rescue. Lincheng said that since the epidemic, communication with passenger companies has been smoother than in previous years, because they have a lot of the same goals.

According to Tongcheng Travel Data, the current car electronic tickets launched on the road cover more than 90%of the domestic road passenger routes, providing nearly 380,000 online ticket booking services for road passenger transport lines.

Beginning in 2020, the "car ticket business" began to independently appear in the "traffic sector" in the financial report of Tongcheng. In the semi -annual report of 2022, it was mentioned that through strategic cooperation with smart car ticketing equipment and establishing strategic cooperation with urban and rural automobile operators, the company's layout of the company's traffic business in the country was further penetrated into the sinking market.

Under the dazzling data, for the same journey, is it now on the harvest period? Tian Chuan further explained:

First, there have been no open road passenger resources across the country, and there are still huge increments in the process of "filling the blanks".

The second is the city's smart passenger transport. In recent years, it has established more in -depth cooperation with local passenger companies, extending to tourist and scenic spots, ticketing machines, gates, and security equipment. "We actually operate more than 15,000 ticket machines, which is currently the most operating company in the country." This is also a channel for customer source growth.

Third, Tianchuan calls it "the ultimate sink". In the townships and even rural areas under the county seat, the urban and rural passenger transport market is still offline, which is also a growth point.

"The harvest period sounds like it's over, but in fact, there is still a larger market in the future." Tian Chuan said, "But only the harvest, there are three aspects, the Tongcheng has obtained new traffic at a very low cost, and because it is pure For new traffic, we also took the lead in seizing the minds of consumer consumer in the market. More importantly, we are doing some user cross -work inside, because a user who books a car ticket will have the demands such as booking hotels and buying scenic spots. Provide a good customer acquisition channel for other categories, and provide the entrance for the ecological cycle of the entire company. "

As Cheng Traveling CFO Fan Lei mentioned, "At present, 90%of users who book auto tickets online are pure new traffic, which is the greatest value to the company."

Daily Economic News

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