Gem responds to questions: Individual companies have a reason for poor performance

Hunan's most forceful response to questioning is the performance of the firm. Data show that the small and medium-sized board listed companies will still hand over a good answer this year, and will be the age of the gem Company's performance is slightly differentiated, but also presents a "small group forward only a few left behind" situation. Some investors believe that the gem individual company performance is lower than market expectations, most of the seasonal factors and macro-policy impact of the results, with the effective use of investment funds, performance to a good time.　　The highlights of the board is entirely likely to repeat itself in the gem. A small number of smaller group to move forward in the first half of this year the performance of smaller companies rebounded faster. Up to now, 453 companies have 410 disclosure of interim performance forecasts, the advance, surplus and expected to make a profit of 356, the company accounted for up to 86.83%. Among them, the daily report of the increase of 137 times times, Suning appliances and other old cattle stocks also as always outstanding performance.　　In addition, some of the companies that had been questioned at the start of the IPO responded forcefully to previous queries with outstanding performance in the interim report. Gem, there are currently 25 gem companies released performance forecasts, the increase and continued surplus of the company total of 18, pre-hi company accounted for the announcement of the company's total number of 72%. Single from the number, gem in the report performance compared to small and medium-sized plates slightly inferior, but there are no lack of national technology class leader. The report showed that the national technology profit growth of up to 196%, the net share profit rose 98% year-on-year, le Pu medical and water source net profit rose 40%. However, there are also a few companies that are hovering around 10% per cent in performance growth. In this regard, Li Dahuan, director of the British Securities Institute, said that this may be related to the market's growth expectations of the gem. But if the observation period is prolonged, the growth of the excellent gem should gradually emerge, thus resisting the current high valuation pressure and risk.　　Century Securities senior analyst Lu Lihua also believes that the gem Company's emerging industry attributes, doomed to its early growth in the industry performance fluctuations, but as long as the company through technology upgrades, capacity upgrading, growth may gradually appear. Individual company performance is poor for a reason, the growth of the SME board is full, and the Gem division is more obvious.　　In fact, the 2009 annual report was first revealed: The GEM has 39 companies 2009 annual operating income growth rate is lower than 2008. Although the current 2010-year report has not yet a large area of disclosure, but the gem has become a market focus. In this regard, the market analysis that, from the current disclosure of the notice, gem individual companies performance performance is lower than market expectations. The source believes that this is mainly because the gem itself is a high-risk industry, affected by seasonal factors and macro-control of the country caused by large. "Such as Internet technology, last year was affected by the national Internet policy, the annual report is rather ugly, but the company this year reported that the company's revenue has been a certain degree of recovery."　　"The person said. Lu Lihua also said that individual gem companies in the first half of this year's performance is lower than expected, is with itsThe emerging industry attributes are inextricably linked. For example, "film first" Huayi Brothers, a large focus on the second half of the holiday release, so its second half of the performance should be improved.　　At the same time, some gem enterprises, due to the industry's reliance on a single customer larger, the recognition of income in the second half, which may directly affect the first half of the performance. In addition, there is a point of view, compared to some motherboards, SME board of Traditional industries, gem of emerging industry companies are affected by the financial crisis cycle is also generally long, the impact of the financial crisis lag effect may also appear in the performance of the report. Powerleader shares is a typical example, the company announced that, because of the financial crisis on the real economy, especially the impact of manufacturing enterprises lag, at the same time the company's products personalized degree of high, is a custom-made order-tailored production, research and development, design, production cycle and delivery acceptance and recognition of a longer income cycle　　Until now the company is still in the hysteresis of the financial crisis, the number of companies in the production of orders fell from the same period last year, resulting in a decline in profits. Look at the problem in the long term.　　Judge a company's good or bad, can not simply from a temporary performance, but to take a long-term perspective. At present, the SME board and the gem companies do not perform as well as the performance of individual companies, and some even disappoint investors. But an in-depth analysis reveals that the future of such companies may still be worth looking forward to. For example, just released a semi-annual report of the first half of the year to achieve operating income and net profit of 145 million yuan and 37.6 million yuan, year-on-year growth of 15.1% and 9.8%, lower than previous market expectations. Still, Wanguo has given a rating of "overweight" in the latest rating. Wanguo that the general high voltage inverter will be able to stabilize the future gross margin of more than 30%, the company orders rapid growth, future performance growth will be able to achieve the amount of compensation.　　The company's current capacity is tight, the fund-raising project completed after the production capacity will reach 1800 units/year, new capacity release will help push the company's performance growth. Some analysts believe that the performance impact similar to the above reasons may be a number of companies, the gem because of small plates, many of the high-tech, high-risk industries, regulated policies, raw material prices, bad weather and the use of funds to raise investment efficiency and other issues, may cause fluctuations in performance. Days congenial analysts also believe that the new venture board companies to raise funds generated by the release of profits need a process. Once the fund is used effectively, new capacity and technology increase are likely to increase performance.　　Lu Lihua even predicted that some of the first half of the weak performance of the gem company, do not rule out the performance before the high trend of the possibility of low. In fact, many investors have questioned the value of its investment since the launch of the gem. However, the same situation occurred in the introduction of the SME. 6 years later, the board has bred a group of very good companies, attracted a large number of funds of concern, many institutions from which profit quite abundant. "We have every reason to believe that the same story will probably weigh on the gemInversion。 "That is what an institutional investor says.