PDF《覆盖公司和行业 2018 年业绩总结》

2 of

17 ? We have summarized the FY18 annual results of

137 companies under our coverage with fiscal year ending December 31. We have also summarized sector results based on the market capitalization weighted average of such companies in the table starting from page 5. ? 我们总结了覆盖范围内以

12 月31 日为年结日的

137 家公司

2018 财年的年度业绩.我们同时在自第

5 页开始表格 内根据上述公司市值加权平均对行业业绩进行了汇总. ? FY18 revenue of all covered companies grew on simple average by 14.6% YoY, with 84.7% of companies recording positive revenue growth. In terms of sector performance,

28 out of

30 sectors under our coverage reported positive YoY revenue growth in FY18, with the top

5 sectors being cement and construction materials, internet, ports, property, and environmental protection, ranging from 23.7% to 62.7%. On the other hand, telecom equipment and clean energy - solar were the

2 sectors that recorded YoY revenue decline in FY18, ranging from 6.8% to 10.2%. ?

2018 财年覆盖公司的总收入按简单平均计算同比上涨 14.6%,84.7%的公司录得收入正增长.行业表现方面,在我 们覆盖的

30 个行业中,28 个行业录得

2018 年收入的同比增长;

前5名的行业为水泥建材、互联网、港口业、房地 产以及环保行业,升幅介于 23.7%至62.7%,另一方面,通信设备和清洁能源-太阳能行业为收入录得同比下降的

2 个行业,降幅介于 6.8%至10.2%. ? FY18 net profit and EPS of all sectors increased on simple average by 9.9% YoY and 6.4% YoY, with 68.6% and 65.0% of companies recording positive net profit and EPS growth, respectively. All of the sectors under our coverage with the exception of consumer-retailing, insurance, clean energy- solar, aviation, consumer-hotel and telecom equipment recorded YoY increase in net profit;

the top

5 performers were petrochemicals, nonferrous metals, cement and construction materials, others and gaming ranged from 19.9% to 97.4%. The worst

5 performers were telecom equipment, consumer-hotel, aviation, clean energy- solar and insurance which reported YoY change in net profit ranging from -16.5% to -124.7%. ?

2018 年年覆盖公司的净利润和每股收益在行业简单平均下,分别同比上升 9.9%和6.4%,其中 68.6%和65.0%的覆 盖公司分别录得净利和每股收益的正增长.除消费-零售、保险、清洁能源-太阳能、航空、消费-酒店、通信设备以外, 我们覆盖的所有行业均录得净利润的同比上升;

石化、有色金属、水泥建材、其他和博彩是净利润上升幅度最大的

5 个行业,涨幅介于 19.9%至97.4%.而盈利增长表现最差的

5 个行业则为通信设备、消费-酒店、航空和清洁能源- 太阳能和保险,净利润的同比变动介于-16.5%至-124.7%. ? In terms of the bottom line, 15.4% of companies beat market estimates, 38.2% were in line, and 46.3% missed expectations. In contrast to net profit, companies in sectors with large YoY earnings increase (su........