Recently, the National Bureau of Statistics released the Industrial Producer Ex-factory Price Index (PPI) for April. The data show that in the major industries, the oil and natural gas mining industry's growth rate has significantly expanded, with a year-on-year increase of 15.2% and a month-on-month increase of 3.2%. Corner Bracket,Customized Bracket,Light Mounting Bracket,Customized Corner Bracket MGX Metalworks Co., Ltd. , https://www.mgxmetal.com
Insiders pointed out that with the full recovery of industrial production, the demand for major raw materials increased, and the price of superimposed international crude oil continued to rise, it is expected that PPI will continue to rise.
In fact, this year, the fundamentals of the mining industry have shown continuous improvement, reflecting the generally excellent performance at the level of listed companies. According to statistics, the Media Market Research Center found that the net profit attributable to shareholders of the parent company in the first quarter of the mining industry reached a year-on-year growth rate of 24.44%, ranking first in the Shenwan industry.
From the perspective of sub-fields, the performance of the petroleum industry has also improved significantly, benefiting from the rebound in international crude oil prices, tapping potentials within internal enterprises, improving management levels, reducing costs and increasing efficiency. The net profit of 27 listed companies involved in the oil field achieved year-on-year growth. The company's net profit in the first quarter of the year was higher than that of Guanghui Energy, Guochuang High-tech, Xinchao Energy, Haiyue, Intercontinental Oil and Gas, and Yueyang Xingchang.
In addition, as of yesterday, a total of 18 listed companies involved in the oil sector disclosed the results of the mid-year report, and the number of pre-history companies reached 11 companies, accounting for 61.11%. Seven companies, including Donghua Energy, Taihe New Materials, Qixiang Tengda, Beacon Energy, Gaoke Petrochemical, Hailide, and Rongsheng Petrochemical, expect double-digit growth in net profit of the interim report, Guochuang Gaoxin and Yueyang Xingchang. The company is expected to achieve a turnaround in profitability.
Good performance also played a significant role in boosting the performance of the mining sector. Since May, the mining sector has increased by nearly 4%, outperforming the same period (the cumulative increase during the Shanghai Composite Index was 2.63%). In the sub-sector, the oil sector related stocks rose more prominently during the period, including Compton, Shida Shenghua, Donghua Energy, Haiyue, Hengyi Petrochemical, Baomo, Hengli, Tongkun, Guochuang Gaoxin, Guang During the period of the stocks such as Ju Energy, the cumulative increase was above 10%. From the market performance this week alone, Compton, Guangju Energy, Shida Shenghua, Baomo, Dawson, Yueyang Xingchang and other stocks were among the top gainers, both exceeding 8%.
In terms of capital flow, since the beginning of this week, the net inflow of large-scale funds in the mining sector has accelerated significantly, while the oil stocks that are more concerned about the market have become the focus of large-capital funds, including PetroChina, Tongkun, Donghua Energy, and Shi Dasheng. During the period of the petroleum concept stocks represented by Huahe, Taihe New Materials, China National Petroleum Engineering, Taishan Petroleum, Huading, Satellite Petrochemical and Shanghai Petrochemical, the accumulated net inflow of large single funds exceeded 10 million yuan.
Regarding the layout of the mining sector and its sub-areas, China Galaxy Securities pointed out that the mining sector has a strong margin of safety after experiencing a full correction in the previous period, and there is a good rebound in the sector. In addition, Donghai Securities recommends focusing on target companies with significant improvement in profitability, high performance flexibility, and the theme of SOE reform.
Abstract Recently, the National Bureau of Statistics released the April producer price index (PPI), the data show that in the main industry, oil and gas extraction industry rose significantly expanded, rose 15.2% year on year, the chain rose 3.2%. Insiders pointed out that with...