⊙记者 宋元东 ○编辑 邱江

Reporter SongYuanDong ○ ⊙ QiuJiang editor

　　截至昨日，沪深两市总计有1425家上市公司发布了2012年上半年业绩预告或业绩预警，其中超过四成公司半年报报忧，净利润指标处于绝对亏损的公司接近两成。整体来看，受低迷的经济环境影响，上市公司今年半年报业绩难言乐观。

Till yesterday，Shenzhen two city a total 1425 companies released the 2012 the first half performance forecast or performance warning，More than forty percent of which the company half annals suffer，Net profit targets are in absolute the loss of the company is close to twenty percent。The whole，The economic downturn by environmental impact，The listed company performance this year half annals of last optimistic。

　　据上证报资讯统计，截至7月17日，在1425家发布业绩预测的上市公司中，首次亏损的有138家，继续亏损的有94家，继续盈利的有136家，业绩大幅下滑的有186 家，业绩大幅增长的有179家，略增的有390 家，略减的有245 家，扭亏的有48家，业绩不确定的有9家。整体来看，预喜（包括大幅预增、略增、续盈、扭亏）的公司753家，占比52.84%；预忧（大幅预减、略减、续亏、首亏）的公司达到663家，占比46.53%。

According to the information statistics report，By July 17,，In the 1425's release of the listed company performance prediction，The first losses by 138，Continue to the loss of the 94，Continue to profit by 136，Performance of a sharp decline in 186，Performance surged by 179，The slight increased by 390，The slightly reduced by 245，Of the 48 are putting，Performance of the uncertainty has nine。The whole，The xi（Including the increased sharply、Slightly increased、Renewal surplus、putting）The company 753，More than 52.84% of；The sorrow（Represents a reduction、Slightly reduced、XuKui、First kui）Company achieves 663，More than 46.53% of。

　　从行业来看，大幅预增公司数量排名靠前的行业包括机械、食品饮料、房地产、化工以及社会服务业，大幅预减公司数量靠前的行业为金属非金属、机械设备、化工业，扭亏公司数量靠前的行业为电子、化工和房地产。从公司来看，扣除资产重组以及资产变卖、政府补助、债务豁免等一次性非经常损益因素，在业绩大幅预增的公司中增幅靠前的包括重庆实业(000736,股吧)、新海股份(002120,股吧)、双汇发展(000895,股吧)、酒鬼酒以及华邦制药(002004,股吧)，在大幅预减的公司中跌幅居前的为鼎汉技术(300011,股吧)、宁波联合(600051,股吧)、胜利股份(000407,股吧)、山推股份(000680,股吧)、中国重汽(000951,股吧)，在扭亏公司中业绩变动幅度靠前的包括康达尔(000048,股吧)、零七股份(000007,股吧)、利达光电(002189,股吧)、建投能源(000600,股吧)和欧菲光(002456,股吧)。

From the industry，The company gets a number of high-ranking industry including machinery、Food and beverage、Real estate、Chemical industry and social services，The number represents a reduction on the industry for metal nonmetal、Mechanical equipment、Chemical industry，The number of putting on the industry for electronic、Chemical industry and real estate。From the company to see，Deduct assets reorganization and sell assets、The government subsidies、Debt exemption and so on the disposable not often profit and loss factor，In a performance of companies in the growth of the increased by including chongqing industry before(000736,Shares it)、The new shares(002120,Shares it)、Shuanghui development(000895,Shares it)、Drunkard wine and HuaBang pharmaceutical(002004,Shares it)，A reduction in advance of the companies in the fall before for tripod han technology(300011,Shares it)、Ningbo joint(600051,Shares it)、Victory shares(000407,Shares it)、Hill pushed shares(000680,Shares it)、CNHTC's(000951,Shares it)，Putting the company in performance on the variations of the KangDaEr including(000048,Shares it)、Hong Kong shares(000007,Shares it)、Boasts photoelectric(002189,Shares it)、Built cast energy(000600,Shares it)And offee light(002456,Shares it)。

　　从上市公司的描述分析，业绩下滑的原因普遍为：受宏观经济下滑影响，市场需求下滑以及原材料价格上涨、人工成本增加等因素，直接导致销量下降或毛利空间收窄。其中，周期性行业首当其冲，上游的煤炭、石油，中游的钢铁、水泥、建材以及下游的纯碱、氨纶、机械、汽车等行业，都受到较大的冲击。另外，部分公司则受政策补贴取消、行业结算周期以及气候的影响，公司业绩出现较为明显的下滑。

From the analysis of the listed company，The cause of the decline is generally accepted performance：By macro economic slowdown，Market decline in demand and rising prices of raw materials、Artificial cost increase, and other factors，Led directly to the sales decline or Maori space narrow。Among them，Cyclical bear the brunt of the industry，Upstream of the coal、oil，Middle reaches of steel、cement、Building materials and downstream of the soda ash、spandex、machinery、Automotive industries，Are bigger impact。In addition，Part of the company by policy subsidies cancelled、Industry settlement period and the influence of climate，The company performance appear obvious downturn。

　　分析人士指出，虽然上半年的业绩整体难看，但细究之后，仍然不必太过于悲观。如，扣除依然处于盈利状态的245家业绩略减公司与186家大幅预减公司，处于绝对亏损的公司所占比例仅为16.28%，尚不足两成。另外，在报忧的公司中，从数量来看，中小板、创业板达到381家，占比58%，而体量较大的沪深主板公司占比相对较小。此外，从细分行业来看，根据光大证券(601788,股吧)日前发布的最新研报，服装、白酒、中药、百货零售板块普遍报喜，中小板中这些消费类公司占据一定比例，预喜公司家数偏多，具有较强的行业代表性。另外，虽然今年一季度石油等大宗商品价格上涨拖累了一批中游企业，但也有部分原材料价格下跌，同时需求并未同幅下降，这类企业依靠成本下降获得毛利空间的提升，如空调、火电、肉制品等。

Analysts say，Although the first half performance overall ugly，But after scrutinize，Still don't have to be too pessimistic。if，Still in the state of the earnings deduct 245 home performance company and 186 slightly reduced sharply reduced the company gets home，The loss of the company in absolute proportion is only 16.28%，Is still less than twenty percent。In addition，The company in suffer，Volume from，Small and medium plate、Gem to 381，More than 58% of，And the larger body of shenzhen motherboard company than is relatively small。In addition，When to see branch line of business，According to the everbright securities(601788,Shares it)The latest research released by the report，clothing、liquor、Chinese medicine、Department store retail sector common good news，In small and medium plate these consumer company occupy certain proportion，The number of partial or company，Has strong industry representative。In addition，Although the first quarter of this year the prices of oil and other commodities rise to drag down the middle of a enterprise，But there are some raw material prices，At the same time demand did not drop with picture，This kind of enterprise depends on the cost down get Maori space ascension，Such as air conditioning、Thermal power、Meat products etc。