Gold shares soared, but short-term stock prices lack of explosive force, Sina fund exposure platform: letter Phi lag false propaganda, performance is lower than the same kind of products for a long time, buy fund by pit how to do? Click on [I want to complain], Sina help you expose them!       2016 report shows that the benefit of the international precious metals prices rebound gold mining sector performance soared overall. This Monday, gold leading listed companies have announced the "Big Dipper" reported: Shandong gold report net profit back to a high of 554 million yuan, an increase of 1051.76%, gold net profit reached 194 million yuan, rose 290%, Yuguang Gold & lead report net profit reached 35 million 880 thousand yuan, rose 408.62%. In view of the widespread expectation that gold will still have a rising space in the next 1 years, the performance of similar mining enterprises still has room for improvement. However, the gold listed companies "concept" lackluster, mergers and acquisitions theme, short-term investors should be careful to buy. Guangzhou Daily reporter Jing Nan from the middle of the report, the rebound in gold prices to several gold companies have brought immediate results to promote. Hunan gold announcement expects the first three quarters of net profit growth as high as 350%~400%, reported net profit growth of 193%. In view of the widespread expectation that the international gold price will keep up in 2016 ~2017, the gold stocks, especially the gold mining stocks, will have the advantage of further improvement in the future. The main industry revenue soared, the gold industry sector performance increased significantly, mainly due to the main industry products prices rose gold products. Such as metal prices rebound, Yuguang Gold & lead, enterprise production improvement in power, the first half of the main products of electrolytic lead, cathode copper, gold and silver production increased by 24.86%, 17.53%, 23.36%, 26.77%. The analysis of the financial statements over the years shows that the change of international precious metals prices is closely related to the performance of the above mining enterprises, and is far greater than the correlation degree between other nonferrous mining enterprises and the main industry products. In 2014 ~2015 gold gold, Shandong gold performance decreased sharply, because the international gold price suffered a bear market. Although the performance rose, but the recent price from two and a half high fall, gold stocks share price performance is not satisfactory. Cost control can not be ignored, in addition to the rebound in gold prices, throttle for the promotion of gold business performance can not be denied. For example, the gross profit margin of Hunan gold increased from 12.41% in the same period of last year to 13.94% at present, and the profit of unit cost output increased significantly. Mr. Dong, director of Beijing headquarters of gold gold, told Guangzhou Daily reporter: "in 2016, due to the decline in crude oil prices to promote the reduction of logistics costs, extensive management reduced, non-ferrous enterprises operating costs generally decline." In addition, mergers and acquisitions, state-owned enterprises reform has also brought unexpected good for some enterprises. For example, changes in fair value gains participates, the report period is negative, the corresponding deferred income tax expense is reduced, a substantial increase in the net profit of 黄金股业绩暴涨 但短线股价缺乏爆发力 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!         2016年中报显示,受益于国际贵金属价格反弹的黄金采掘板块业绩整体暴涨。本周一,黄金领头上市公司先后公布了“喜大普奔”的中报:山东黄金中报净利润重回5.54亿元高点,同比增长达1051.76%,中金黄金净利润达到1.94亿元,同比大涨290%,豫光金铅中报净利润达到3588万元,同比大涨408.62%。   鉴于机构普遍预期黄金未来1年仍有上涨空间,类似采掘企业的业绩仍有提升空间。不过,黄金上市公司的“概念”乏善可陈,兼并重组题材不多,短线投资者购买应慎重。   文 表 广州日报记者井楠   从中报来看,金价反弹给几家黄金企业带来了立竿见影的业绩促进。湖南黄金公告预期前三季度净利润增长幅度高达350%~400%,中报公布净利润增长达193%。鉴于机构普遍预期2016年~2017年的国际黄金价格保持震荡向上的姿态,黄金股,尤其是黄金采掘上市公司的股票,未来具备业绩进一步提升的优势。   主业收入突飞猛进   黄金产业板块之所以业绩大增,主要原因是主业产品黄金产品的价格大涨。比如豫光金铅,由于金属价格反弹,企业生产动力提升,上半年主要产品电解铅、阴极铜、黄金、白银产量分别同比增长 24.86%、17.53%、23.36%、26.77%。   分析历年财务报表,国际贵金属价格的变动与以上采掘企业的业绩密切关联,远远大于其他有色采掘企业与主业产品的关联度。2014年~2015年中金黄金、山东黄金业绩大幅减少,就是因为国际金价遭遇了熊市。   尽管业绩大涨,但近期金价从两年半高点的回落,黄金股的股价表现不尽如人意。   成本控制不可忽略   除了黄金价格反弹,节流对于黄金企业业绩的促进功不可没。如湖南黄金的销售毛利率由去年同期的12.41%提升到目前的13.94%,单位成本产出的利润数额提升明显。中金黄金北京总部的高管董先生告诉广州日报记者:“2016年,由于原油价格下降推动物流成本降低,粗放经营减少,有色企业的运营成本普遍出现下降。”   此外,兼并重组、国企改革也为一些企业带来了突发性利好。比如豫光金铅,中报期间的公允价值变动收益为负数,相应递延所得税费用减少,大幅度增加了净利润。   业内观点   黄金股后市着眼于价值投资   黄金企业主业种类比较单一,其业绩主要与贵金属的国际市场价格密切关联。而纵观近年黄金股走势,基本是由黄金企业的业绩来决定,且板块联动性强。   黄金采掘企业缺乏引发兼并重组预期的题材。以山东黄金为例,近期公司大事完全围绕黄金采掘主业进行:收购了330吨黄金资源,连续收购了大股东的金矿。   万联证券分析师认为:黄金股后市主要在于价值投资,具备中线上涨的业绩基础,而缺乏爆发力,短线投资者不必过于关注该板块。 进入【新浪财经股吧】讨论相关的主题文章: