Follow up comments
On January 26, 2022, the Shanghai Composite Index closed at 3455.67 points, up 0.66%; Shenzhen composite index closed at 13780.30 points, up 0.70%. The Chongqing composite index, which we focus on, closed at 3582.85 points, up 0.09%; Sichuan composite index closed at 8974.28 points, up 0.19%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Chengdu Information Technology Of Chinese Academy Of Sciences Co.Ltd(300678) (300678, 8.61%), Chengdu B-Ray Media Co.Ltd(600880) (600880, 6.79%), Chengdu Spaceon Electronics Co.Ltd(002935) (002935, 6.29%). The 42 companies we focused on rose by an average of 0.57%, of which the top three stocks were: Chengdu Guibao Science & Technology Co.Ltd(300019) (300019, 4.57%), Chengdu Haoneng Technology Co.Ltd(603809) (603809, 3.84%), Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (300504, 3.25%). By industry, the top three sectors in Sichuan and Chongqing were architectural decoration (+ 2.21%), agriculture, forestry, animal husbandry and fishery (+ 1.66%) and non bank finance (+ 1.66%).
According to the data released by Chongqing Municipal Bureau of statistics, in 2021, the total retail sales of social consumer goods in Chongqing reached 1396.77 billion yuan, a year-on-year increase of 18.5%, 6 percentage points higher than the national average, ranking third among all provinces in the country. Since the beginning of 2021, the economy of Sichuan and Chongqing has recovered rapidly, social consumption is stable and good, and the influence of local food and beverage brands in the consumer market of Sichuan and Chongqing continues to increase. As a key industry in Sichuan and Chongqing, Sichuan wine has a stable and good overall production and sales. Baijiu season Baijiu season, from the feedback channel side, Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) and other high-end liquor brands, pre stocking steadily, the overall dynamic sales, inventory of about 1 months, the start of the Spring Festival is higher, and in Sichuan and Chongqing area has not yet appeared COVID-19 epidemic, it is expected that Baijiu spring consumption will remain strong, it is recommended that the Sichuan and Chongqing region high-end liquor enterprises. Related subjects: Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) .
Industry dynamics
1. Sichuan Provincial Department of ecological environment held a video conference on the province’s ecological and environmental protection in 2022 to summarize the work in 2021 and arrange and deploy the key tasks in 2022. At the meeting, it was proposed that in 2022, the construction of Tianfu New Area Park City carbon neutralization demonstration zone and the construction of Western carbon trading center will be promoted, the construction of Chengdu Chongqing double city economic circle will be promoted, and 65 cooperation and joint construction major projects such as Chengdu Chongqing middle line high-speed railway will be actively served. We will continue to try out the preliminary review system for environmental impact assessment, innovate and carry out investment and financing for ecological and environmental protection, newly approve 31.8 billion yuan of green credit, implement 19.3 billion yuan of government bonds, and stimulate 38.6 billion yuan of social investment. (China News Network)
Company dynamics
Chengdu Xgimi Technology Co.Ltd(688696) (688696): the announcement of annual performance increase in 2021 was issued. In 2021, the company is expected to realize a net profit attributable to shareholders of listed companies of 484 million yuan, an increase of 80.07% year-on-year.
Chongqing Shunbo Aluminum Co.Ltd(002996) (002996): release the performance forecast for 2021. In 2021, the company is expected to realize a net profit of 304-372 million yuan attributable to shareholders of listed companies, with a year-on-year increase of 55.35% – 89.87%.
Risk tips: economic recovery is lower than expected, covid-19 outbreak risk, raw material price fluctuation risk.
