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GEM near the end of semi-annual report disclosure, as of yesterday, except two companies,Gucci Wallets 112715 1000, the remaining 107 listed companies have disclosed all of the first half performance,Balenciaga handbag 084828, but overall performance is not satisfactory, and the board, compared to small and medium sized panels GEM performance increase of the minimum.

performance increase of 25.97%

As of yesterday, there are already 107 companies announced a semi-annual report on GEM, so that the 109 already on the market majority of GEM companies announced in the first half performance, these companies together for the first half net profit of 3.024 billion yuan,Louis Vuitton handbag N93625_5195, an average of 0.3 yuan per share. Net of four companies lack the data last year, 103 this year rose 25.97 percent in the first half performance.

GEM companies this performance is clearly unsatisfactory, the growth rate from the performance perspective, as of yesterday, the Shanghai and Shenzhen have disclosed more than 1,500 semi-annual report of the first half of the overall performance of listed companies increased by 54%, the GEM increase performance of the company than the average for all companies are much lower, and the board,Gucci bag New arrival 193603, small board than the GEM is also the lowest growth performance of the company.

course, there are several substantial growth in the GEM performance of the company,Gucci bag Classic 153361 1000, such as ultra-performance mapping software in the first half rose 293.6 percent, the National Technology in the first half rose 196.45 percent performance, new materials Dah, 10000 Banda,Louis Vuitton wallet M60021, in REITs and other innovative performance increase of more than 100%. Nevertheless, a substantial decline in performance of some companies, such as Pao shares fell 82% during the first half performance, Warburg Pincus shares dropped 69.47 percent during the first half performance, the League of Nations Fisheries has also become the only one of the first half of the GEM performance of loss-making companies. Results of the first half of a total of 22 companies fell, accounting for 21%.

able to observe the high growth needed

with high growth rings of the GEM, to produce the first report card is indeed unsatisfactory, from the valuation perspective, yesterday GEM The average price of 52 yuan to 0.3 yuan in the first half earnings per share calculation,Louis Vuitton wallet M85018, the current dynamic price-earnings ratio of 86 times, it is rather high.

this high valuation restricts the GEM stock prices, this year's rally since July, the GEM index significantly better than the trend of small plate index, the index is flat yesterday, to close at 980.63 points, still lower than the June launch of the GEM index when the base 1000.

how to look at GEM's current performance? Objective is also some reason. On the one hand,Gucci bag New arrival 163805, many of the GEM operating revenue and performance has obvious seasonal produce, most of the GEM is not a traditional manufacturing company, revenue is not balanced, may have learned from the prospectus, the GEM has produced most of the company performance in the second half, therefore, not very good first half performance reasonable. On the other hand, many companies listed on GEM before the results of a high growth rate is due to low base early, but a higher base after the listing of results, substantial growth in the more difficult it is relatively large.

GEM companies really can not reflect the high growth, and we depend on the performance of the year, especially in fund-raising project,Gucci bag New arrival 181486, inputs can not produce good earnings, and therefore, it is not yet concluded that the GEM No performance of the company, remains to be seen a few years.

However, GEM is not ideal in the first half report card also ls us not to think that performance of the GEM fast-growing company will not be blind to whether the high valuation of all to pursue the high bid stocks because the market will eventually reflect the value of the company should, if not high-growth, then the high price of risk is self-evident. Reporter with Ming