本报讯 随着8月即将到来，A股也将面临业绩披露的高峰期。根据Wind数据统计显示，8月将有2200家公司披露半年报，按23个交易日来计算，日均有近96家公司披露业绩。而按照目前预约披露时间表来看，8月下旬将迎来密集期。

Report from our correspondent with the upcoming August，A shares will face performance at the height of the disclosure。According to statistics showing Wind，August will have 2200 companies disclose half annals，According to 23 trading day to calculate，Average daily have nearly 96 companies disclose performance。And according to the current schedule an appointment to see disclosure，Late August will have intensive period。

　　截至昨日，已有98家公司公布了中报，加上业绩快报，已经有一定数量的公司公布了中报业绩。从已经公布公司的股价表现来看，中报业绩的好坏对股价有比较明显的影响。中报业绩低于预期的公司中，有约69%的公司跑输大盘，57%的比例当天跑输大盘。如果业绩显著低于预期，跑输大盘的比例会更高，业绩公布当天跑输比例为70%，业绩前瞻以来则达到76%。中报业绩高于预期的公司，也有较好的表现，当天跑赢大盘的比例在64%。

Till yesterday，Over 98 companies announced the center daily news，Plus performance express，Already have a certain number of company announced the performance center daily news。The company's stock price has been released from the performance and see，The stand or fall of performance center daily news to share price has evident effects。Performance center daily news than expected in the company，About 69% of the company ran lose grail，The proportion of 57% on the day lose the run。If performance significantly lower than expected，Run the proportion of the loss will be higher，Performance on losing run by 70%，Since the preview performance is up to 76%。Performance center daily news than expected company，Also has better performance，The win at the ratio of grail run by 64%。

　　从显著低于预期和超预期的公司股价表现来看，低于预期时，业绩公布当天70.6%的股票跑输大盘，业绩前瞻以来跑输比例达到76%，超预期时跑赢概率则分别只有50%和56%。比如，当业绩低于预期时，很多公司当天大幅下跌，中间接近跌停，如中兴通讯、苏宁电器(002024,股吧)、雏鹰农牧(002477,股吧)等。

From significantly lower than expected and the expected to see the stock price performance，Lower than expected when，Performance on the day of the stock run by 70.6% lose grail，Performance since the forward-looking run lost 76%，Expectations run win the probability only 50% and 56% respectively。For example，When business is lower than expected，Many companies sharply lower on the day，Middle close to drop stop，If zte、Su ning electric equipment(002024,Shares it)、Young eagle agriculture and animal husbandry(002477,Shares it)etc。

　　那么，在中报披露高峰期是否需要关注业绩风险呢？“我觉得对市场的影响不是特别的大，毕竟此前已经有大面积的预告出来，市场已经有一定预期了。”湘财证券策略分析师徐广福昨日对记者表示道，我认为影响市场的还是货币政策和解禁的情况，预计8月市场可能先扬后抑，整体还是维持区间整理的格局。

so，In the center daily news disclosure to focus on whether the peak performance risk？“I think what influence it has on the market is not particularly big，After all, had already with large areas of forecast out，The market has had certain expectations。”XiangCai securities analysts XuGuangFu strategy to reporters yesterday said，I believe that the impact of the market or monetary policy and the ban，On August market may first is expected to lift or after，Overall or maintaining the interval finishing pattern。

　　不过，申银万国策略分析师李鹏则认为，在下半年经济企稳的中性假设下，预期今年整体非金融将负增长，业绩风险比较大。如果经济没有明显的好转，业绩将对市场造成较大压力。

but，Shenyin &wanguo strategy analysts LiPengZe think，In the second half of stabilising neutral economic assumptions，Expected this year overall non-financial will negative growth，Performance risk is bigger。If the economy is not obvious better，Performance on the market will cause great pressure。

　　从已经公布的业绩显示，部分行业低于预期的比例较高。其中电子、家用电器、信息服务和有色金属行业已经公布的较多，显著低于预期公司占比较高的情况相对具有参考意义，值得警惕。家电行业整体销量下滑，关注规模较小的家电公司业绩低于预期，龙头公司业绩风险相对较小。

From the already announced that performance，Some industry higher percentage than expected。Of electronic、Household appliances、Information service and nonferrous metal industry has been released more，Significantly lower than expected companies account for the relatively high relative to a reference，alarmed。Household electrical appliance industry overall sales decline，Focus on smaller home appliance performance of the company is lower than expected，Leading the company performance risk is relatively small。

　　同时，李鹏提醒，电力行业受煤价下跌影响，业绩预期较高，但是煤价对业绩的影响实际可能没那么迅速，需要警惕中报低于预期的风险；地产公司销量回暖，市场情绪较高，但是和之前不同，在当前销量回暖的环境下，利润率可能还是下滑的，因此房地产的业绩可能没有销售反应的那么好，警惕业绩低于预期。记者 刘扬

At the same time，Li remind，Electric power industry coal prices fall by the impact，Performance higher expected，But the influence of coal prices of performance actual may not be quickly，Need to be vigilant center daily news than expected risk；Real estate company sales thaw，Market sentiment higher，But before and different，In the current sales warms up in the environment，Profit margins may still declining，So the results may be no real estate sales reaction so well，Alert than expected performance。Reporter LiuYang