Petrochemical oil loss of 2.3 billion gold car 25 years without dividends

2017 mid-year report has been "song" for many days, but the details are still worth pondering. Several companies are happy to pay a few full of worries, and some companies earn bowl full of pots, and some companies worthy of the family wall; perfect performance report may be "just a fine makeup"; since the listing of money dividends are always stingy. A shares of those things, A shares of the wonderful work, this time we have to take a closer look.

Rich and poor

In the first half of 2017, banking stocks once again became the most profitable company, 25 banking stocks total net profit of 7746.35 billion yuan, accounting for 3359 A shares of the total net profit of 46.3%. While the workers and peasants in the construction of four lines total net profit of 5036.17 billion yuan, accounting for the sum of all bank shares 65.01%.

In this year, the top 10 companies reported net profit in addition to China Ping An, the remaining nine are from the banking sector. Workers and peasants in the construction of four major banking stocks, interim net profit all more than 100 billion yuan, but also the report period only four net profit of more than 100 billion yuan of the company.

Bank stocks are the most profitable thing is expected, after all, the weight of banking stocks in the market is very large, good performance of the banking sector is conducive to market stability, if the bank shares poor performance, the market is likely to risk diving. In fact, the performance of banking stocks dominate the market has been up to more than ten years, 2012, 2014, 2015, bank shares net profit accounted for the proportion of all A-share net profit is more than 50%.

Although the performance of banking stocks in the market at present no other industry can match, but few public opinion on its affirmation, and even the market also appeared to make money is not pleasing voice. The reason, first of all from the profits of bank shares from the monopoly. On the one hand, the banking sector is not only a high threshold, more important is the license difficult to take. A strong policy of the industry, means that the industry behind the resources of the lock. Coupled with the particularity of the banking industry, the rise of any industry will be accompanied by the influx of interest on loans. Therefore, compared to operating capacity, policy more decisions determine the company's performance is good or bad. On the other hand, the policy for the banking sector delineated profits, but also bear the risk. If there are problems in the operation, you can package the problem by asset processing, or debt to equity and other means to digest the burden. Even if the cash flow is not working, you can always issue preferred stock. It is no wonder there is a voice called "lying to make money" industry.

(Sinopec, China Shenhua, China Architecture, etc.), SAIC, Guizhou Maotai, China, the United States, the United States, the United States, the United States, the United States, the United States, the United States, the United States, Midea Group, Gree Electric, Yangtze Power, Vanke A and other companies are also very profitable, which SAIC, Guizhou Maotai, Midea Group's net profit is more than one billion yuan in succession.