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[SMM News] military industrial concept stocks opened stronger Xin Yu Guoke and Hongdu Airlines rose by the daily limit.
Sep 21,2020 10:09CST
translation
Source:SMM
[SMM News: military concept stocks open stronger Xinyu Guoke, Hongdu Aviation limit] in early trading today, military concept stocks opened stronger. As of press time, Xinyu Guoke and Hongdu Aviation rose by the daily limit, Andaville, AVIC Electric Test, Jianglong Boat, Tianjian Technology, etc., rose more than 10%, and the rest of the stock rose sharply.
The content below was translated by Tencent automatically for reference.

SMM9 March 21: in early trading today, military concept stocks opened strong. As of press time, Xinyu Guoke and Hongdu Aviation rose by the daily limit, Andaville, AVIC Electric Test, Jianglong Boat, Tianjian Technology and so on rose more than 10%, while the rest of the stock rose sharply.

From a macro point of view, the central bank's open market carried out 100 billion yuan 7-day and 40 billion yuan 14-day reverse repurchase operations and related news to stimulate the strength of military stocks. And the performance of relevant companies is outstanding this year, and the overall performance of the ground armor industry is outstanding in the improvement of the fundamentals of the national defense industry as a whole.

In terms of industry performance, the aviation equipment industry as a whole has maintained growth, among which Hongdu Aviation is a domestic enterprise specializing in the production of trainer aircraft and general aircraft. It is also the first high-tech export-oriented enterprise in China to make clear a large number of export orders of the whole aircraft as its main products. In 2019, it will carry out asset exchange with Hongdu Group and inject missile assets. At present, Hongdu Aviation is the only listed company in China that has the production capacity of aircraft and missile development at the same time. In the first half of the year, the company achieved total operating income of 2.218 billion yuan, an increase of 1.312 billion yuan, an increase of 96.81%; operating profit of 10.77 million yuan, an increase of 123%; net profit of 10.05 million yuan, an increase of 118% over the same period last year; and return on net assets of 0.2%.

The performance of the ground armor industry is also excellent, of which the new stock listed in July, Mengsheng Electronics, saw a revenue increase of 46.26%. In addition, Guorui Technology mainly deals in rail transit systems, radar systems and microwave devices. In the first half of the year, the business income of rail transit systems and defense radar increased over the same period last year, and the total operating income in the first half of the year was 1.708 billion yuan, an increase of 1.246 billion yuan over the first half of 2019, an increase of 45.08%. The operating profit was 223 million yuan, an increase of 16.69% over the same period last year; and the net profit was 173 million yuan, an increase of 773%. The return on net assets is 5.05%.

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