The Shanghai Composite Index fluctuated and rose in the first quarter of this year, with a cumulative increase of 2.88%. Compared with the overall market performance, among the six major types of institutions, namely, funds, social security funds, insurance institutions, securities companies, QFII and securities firms' financial products, only securities firms' financial products began to reduce their positions, Investment fund were basically flat, and QFII, social security funds, insurance institutions and securities companies all increased their holdings to varying degrees in the first quarter, indicating that most institutions were optimistic about the market in the second quarter. Since the end of March, the market has continued to rise, indicating that QFII, social security funds, insurance institutions, and securities companies have correctly judged the market. Especially, the social security fund has increased its holdings for two consecutive quarters, perfectly following the market rhythm.
The mechanical equipment industry is most favored by institutions. From the top three industries with the highest market value of stock holdings by six types of institutional investors, mechanical equipment is favored by all six types of institutions; The financial and insurance industry is favored by Investment fund, social security funds, insurance institutions, and financial products of securities companies, but QFII and securities companies do not agree; Food and beverage are favored by Investment fund, social security funds, QFII, and financial products of securities firms, but insurance institutions and securities companies do not agree with them; The mining and construction industries are only favored by securities companies; Medical biology is only favored by insurance institutions; Metals and non-metals are only favored by QFII. Mechanical equipment is the industry with the highest recognition from institutional investors.
Although the six types of institutions have certain similarities in industry preferences, there is no overlap among the top ten stocks with the highest shareholding ratio. Among the 60 listed companies held by six types of institutions with a high proportion, based on the performance reported in the first quarter of 2012, 43 companies had earnings per share above 0.05 yuan, and 32 companies had earnings per share above 0.10 yuan. More than 70% of the companies performed well, with the highest being Chongqing Department Store's 0.76 yuan. Judging from the high proportion of shares held by these institutions, there are Keda Intelligent, Jingda Shares, Mass Transit, Hengshun Vinegar, Camus, Dagang Road Machinery, Sifang Shares, Inner Mongolia Huadian, Chenming Paper, Haida Group, Xinpeng Shares, Hualian Shares, and Baoguang Shares, Huarun Jinhua, SDIC Power, WorldUnion Real Estate, and UFIDA Software suffered losses in the first quarter. There are 40 companies with a return on equity of over 1.5%, 32 companies with a return on equity of over 2%, with the highest being 8.98% of Chongqing Department Store. 39 companies saw a year-on-year increase in net profit attributable to their parent company shareholders, while 10 companies saw a growth rate of over 50%, with the highest being 355.55% of Liuhua Shares. There are 16 companies whose net profits have declined year on year, including Wanfeng Aowei, Changxin Technology, Sofia, Weifu High tech, Mass Transit, Golden Ham, China Heavy Industry, Shuanghui Development, Hualian Shares, New China Life Insurance, Sifang Shares, Hengshun Vinegar, Inner Mongolia Huadian, Shuangxing New Material, Chenming Paper, and Xinpeng Shares, with the largest decline of 94.45%.
Among the 60 listed companies held by a high proportion of six types of institutions, 22 companies released their 2012 semi annual report performance forecast announcements. The expected performance of Haida Group, Shuanghui Development, Kanudi Road, Senyuan Electric, Yaxia Shares and Yongqing Environmental Protection increased significantly, and the expected performance of Jingxin Pharmaceutical, Yongtai Technology, Beingmate, Sophia, Camry Gas, Luolai Home Textile, Wanfeng Aowei, Luxshare, Guangdong Guangyuan Shares and Changqing Shares increased slightly, Yaxia Automobile is expected to make profits, while Guotou Power, Shuangxing New Materials, Xinpeng Shares, and WorldLink Real Estate are expected to experience a significant decline in performance, while Golden Ham is expected to experience a slight decline in performance. Overall, over 70% of companies have good performance, but only over 10% have high growth potential.
From the distribution situation, 56 companies had distributions in their 2011 annual reports. Among the four companies whose annual reports are not distributed, Kanudi Road, Beingmate and Wanfeng Aowei have undistributed profits of more than 1 yuan per share. Semi annual reports may be distributed.
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