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GEM Companies Continued To Decline In Performance, Some Companies Delisting Risks Looming.

2012/4/13 22:28:00 10

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According to the Shenzhen Stock Exchange,

Gem

The total revenue of the 291 main businesses reached 141 billion 935 million yuan in 2011, representing an increase of 26.62% over the 2010 year, and a total net profit of 21 billion 551 million yuan, representing an increase of 13.88% over the same period in 2010.

The average diluted earnings per share were 0.53 yuan.

However, the growth trend of GEM companies is slowing down obviously.

The average operating revenue growth rate and average net profit growth rate of GEM companies in 2011 were 26.62% and 13.88% respectively, which were lower than those of 38.02% and 31.2% in 2010.

At the same time,

achievement

The differentiation trend is emerging.

In the 291 GEM companies, there were 30 companies with negative revenue growth in 2011, accounting for 10%, while the companies with negative net profit reached 87, accounting for about 30%, and 291 companies had a "three, three, three" structural distribution of annual net profits, that is, companies whose performance declined, their performance growth rates were within 30%, and those whose performance growth rates were more than 30% accounted for each share.

According to the announcement, sunflower (300111), Dongfang Risheng (300118), Tianlong Optoelectronics (300029), new Daxin (300080), Kangzhi Pharmaceutical (300086) and other 12 companies in the fourth quarter of the year 2011 suffered losses, indicating that some GEM companies were affected by the changes in the industry.

After the declining performance of the annual report, the quarterly reports of GEM companies tend to deteriorate.

The Shenzhen stock exchange information shows that as of April 12th, a total of four GEM companies released a quarterly report in 2012, and their performance was not very satisfactory.

According to statistics, in the first quarter earnings forecast of all 306 companies in gem, there were 89 performance decline, of which more than 20 fell by more than 50%, and 14 companies lost money.

With the launch of the gem delisting system, companies with performance losses may face the risk of delisting in the future.

According to the Shenzhen Stock Exchange's Gem

Delisting

The draft of the draft consultation stipulates that the company is facing the risk warning of delisting for two consecutive years of losses. The three year loss is suspended, and the four year deficit is terminated.

Although the signs of loss have just emerged, the risk prevention ability of GEM companies is weak. If the trend of deterioration of performance continues, the risk of delisting will increase.

Macroeconomic growth and industrial volatility are important reasons for the deterioration of performance of GEM companies.

The director of the relevant departments of the SFC warned that most of the gem enterprises are in the period of growth, with strong innovation ability and high growth. Meanwhile, with the characteristics of small scale, unstable performance and relatively high operating risk, the fluctuation of performance is a normal phenomenon.

In addition, the factors that affect the development of enterprises are complex and diverse. It is not always easy for start-ups in technological R & D, market development, business development and so on.

Analysts expect that in the coming period, the profitability of SMEs, including the gem, is not optimistic, and there may even be further downgrades.