本报讯 沪指昨日收盘报三年来新低，观察发现，自5月份大盘下跌以来，可比数据中（剔除次新股），53只社保中期新进股有32只出现下跌，平均跌幅高达18.29%；但另一方面，21只可比的个股平均涨幅却高达23.39%，这使得社保新进股整体跌幅只有1.77%，而同期大盘暴跌14.21%。

Report from our correspondent yesterday closing quote boomed in three year low，Observation found that，Since 5 months since vice versa，Comparable data（Eliminate second new），53 only social security mid-term new shares have 32 only fall，Average fell as much as 18.29%；But on the other hand，21 only comparable stocks but an average increase of 23.39%，This makes the whole social security new shares fell only 1.77%，Over the same period, the grail fell by 14.21%。

　　比较来看，53只社保新进股中仅16只个股上半年净利润同比出现下滑，占比约三成。所有业绩同比下滑的个股中，除金龙机电(300032,股吧)大幅上扬44.21%外，其余市场表现都为下跌，平均跌幅为18.29%。37只净利润中期同比上升的个股中，17只下跌，20只上涨，平均涨幅为5.37%。不难看出，即使是国家队，也无法避免业绩下滑所带来股价回归。

Comparison to see，53 only social security in the new shares only 16 only in the first half net profit year-on-year decline in stocks，Accounted for about thirty percent than。All performance year-on-year decline in stocks，In addition to jinlong mechanical and electrical(300032,guba)The sharply 44.21%，The rest of the market performance is down，The average down 18.29%。And only in the middle of the net profit year-on-year rise in stocks，17 a loss of，Rising only 20，An average increase of 5.37%。It is easy to see，Even the international，Also not be able to avoid falling share price performance caused by regression。

　　细分涨幅较大的个股看，大华股份(002236,股吧)、酒鬼酒、华仁药业(300110,股吧)同期涨幅分别为53.58%、43.31%和36.78%，其半年报实现同比较大幅度增长，二季度环比增速也不差。因此市场人士表示，业绩的稳增和改善是抵抗下跌的基本要素。

Subdivision or larger stocks look，Dahua shares(002236,guba)、Drunkard wine、HuaRen pharmaceutical(300110,guba)Over the same period rose 53.58%, respectively、43.31% and 36.78%，Its semi-annual report to realize with the comparative increase by a wide margin，The second quarter link rate is not bad。So market experts said，The performance of the steady increase and improve the resistance to fall is the basic elements。

　　相较跌幅较大的个股中，中材国际(600970,股吧)、巢东股份(600318,股吧)、中化国际(600500,股吧)、西王食品(000639,股吧)等中期业绩、二季度环比均下滑。数据进一步显示，尽管中京电子(002579,股吧)、太阳纸业(002078,股吧)、辉煌科技(002296,股吧)中期净利润环比下降，而二季度业绩环比回升，但前三季度业绩前瞻中却表现为预减或首亏。

Compared with the heavy falls in the share price，Sinoma international(600970,guba)、Nest east shares(600318,guba)、Sinochem international(600500,guba)、West king food(000639,guba)Medium-term performance such as、The second quarter link are down。The data further display，Although zhong jing electronic(002579,guba)、The sun paper(002078,guba)、Brilliant science and technology(002296,guba)Medium-term net profit chain down，And the second quarter performance link picks up，But the first three quarters performance prospective but for the performance of the preliminary minus or first kui。

　　观察进一步发现，尽管社保也有看走眼，但上述53只新进股却有很高的股息率，2011年的股息率平均程度达到1.87%，其中有18家股息率超过2%，这也在一定程度上提高了社保持股的安全边际。

To observe further found，Although social security also have mistaken someone else，But the above 53 only new shares have a high dividend rate，In 2011 the average dividend rate of up to 1.87%，There are 18 dividend rate more than 2%，This also to a certain extent, improve the social security shareholding margin of safety。

　　而对于未来的投资机会，国金证券(600109,股吧)、中原证券认为，稳健者多看少动是上策，但激进者也可以遇急跌布局中线成长股。因此，梳理目前社保超跌股中，并注重中期业绩同比、环比双增，三季报业绩前瞻表现较好或行业有改善（如电子、信息技术、节能环保等）及股息率较高的特征看，有中国卫星(600118,股吧)、利亚德(300296,股吧)、科大智能(300222,股吧)、三川股份(300066,股吧)、北新建材(000786,股吧)、新国都(300130,股吧)、豫金刚石(300064,股吧)、先河环保(300137,股吧)、佳隆股份(002495,股吧)、宋城股份(300144,股吧)等。记者 李喆

And for the future investment opportunities，Countries gold securities(600109,guba)、Zhongyuan securities think，Robust person see less dynamic is the best policy，But activists can also meet tumbled layout middle growth stock。therefore，Combing current social security ultra fall in stock，And pay attention to the medium-term performance year-on-year、Link respectively，Three quarterly report performance prospective performance is better or industry have improved（Such as electronic、Information technology、Energy conservation and environmental protection, etc）And dividend rate higher characteristic look，A Chinese satellite(600118,guba)、And leah's(300296,guba)、Hkust intelligent(300222,guba)、Three sichuan shares(300066,guba)、Beixin building materials(000786,guba)、New countries(300130,guba)、Prepared diamond(300064,guba)、First environmental protection(300137,guba)、Jialong shares(002495,guba)、SongCheng shares(300144,guba), etc。Reporter 李喆