Xinhua Finance Beijing 29 January, four major securities newspapers, the essence of the digest is as follows:
China Securities Journal
· the CSRC comprehensively implemented policies to promote the improvement of the quality of prospectus information
Prospectus is the main carrier of information disclosure in the stock issuance stage under the registration system. It is the basic basis for investors to make value judgments and investment decisions. It is the most core and important legal document in the process of enterprise issuance and listing. On January 28, the CSRC issued the guidance on improving the quality of prospectus information disclosure under the registration system to further promote the improvement of the quality of prospectus information disclosure. The CSRC pointed out that the introduction of the guidance, through a series of measures to improve the quality of information disclosure of the prospectus, make the prospectus an information disclosure document that ordinary investors are willing to read and understand, and help intermediaries reduce duplication of work and return to their duties, is to enhance the sense of acquisition of the registration system reform and protect the legitimate rights and interests of small and medium-sized investors, An important measure to provide a more solid legal guarantee for the full implementation of the stock issuance registration system.
· 30-year historical data perspective: A shares are easy to be "red" in February
On January 28, a shares“ И” (Cyrillic alphabet) type trend ends in January 2022. Although the first month of this year had a bad start, from the 30-year historical data, the probability of the Shanghai index rising in February was 70%, and the average increase in that month was 2.92%, ranking third in 12 months. Insiders said that after the recent gradual release of market risks, February will usher in a safe window period before the centralized disclosure of performance reports. Considering the time of credit supply, A-Shares are expected to rebound in February. Some securities companies even believe that February will be the best stage of the market in the first half of the year.
· normalization of centralized purchase Shanghai, Zhejiang and Anhui will centrally purchase 47 kinds of standing drugs
Recently, Shanghai Sunshine pharmaceutical procurement network released the document on centralized drug procurement in the Yangtze River Delta (Shanghai, Zhejiang and Anhui) alliance, which included 47 drug varieties such as atorvastatin, rosuvastatin, entecavir, olanzapine and risperidone. Among them, most of them are oral normal release dosage forms, as well as injection, tablet and granule forms. All the drugs collected this time have been included in the varieties collected by the state before. Shang Zhenyu, chief research officer of China Post securities, said that the drugs collected this time are mainly focused on the problem that it is difficult and expensive for residents to see a doctor for a long time, and many drugs are standing drugs. Alliance centralized purchase can correct the high rebate problems existing in the pharmaceutical industry in the past, significantly reduce residents' medical expenditure, which is an institutional long-term good for people's livelihood, and guide pharmaceutical companies to reflect and assume more public service responsibilities.
· strong growth of Apple iPhone domestic android manufacturers want to break the high-end market
On January 28, Apple released its financial results for the first quarter of fiscal year 2022 (the fourth quarter of 2021). Apple's revenue in the first fiscal quarter was $123.945 billion, a year-on-year increase of 11%, a new high; The net profit was US $34.630 billion, a year-on-year increase of 20%. The two financial indicators of revenue and profit exceeded market expectations. With the help of iPhone 13 series, the revenue from iPhone was US $71.628 billion, a year-on-year increase of 9%. Chinese Android manufacturers are laying out the high-end mobile phone market to catch up with apple, and Apple will also compete for the middle-end mobile phone market. Brokers expect that Apple will release the "cheap version" 5g mobile phone iPhone Se in the spring of 2022, starting from 2500 yuan. Supply chain companies will benefit as Apple's new machines start to stock.
Shanghai Securities News
· the holiday market is closed and the holiday life is everywhere. The investment fund manager is busy with the Spring Festival research
Although the recent A-share market continued to fluctuate and adjust, many public funds have begun to prepare for the adjusted investment opportunities. From the traditional big consumption to the recently deeply adjusted medicine, from the eye-catching new energy vehicles last year to the recently rising popularity of yuanuniverse, fund managers keep running around the front line of research. The Spring Festival holiday will not be idle. In addition to accompanying their families, many of them also "walk up" at any time in the spirit of "no vacation". Recently, the reporter interviewed a number of fund managers to follow their research steps to understand how they will spend the Spring Festival. It is understood that some fund managers plan to observe the consumption trend of new products at gatherings with relatives and friends, and some plan to discover new technology at leisure and entertainment.
· "cow" turns to heaven and earth 203 companies deducted non net profits last year and are expected to become regular
From huge losses to big profits, a number of companies are "turning cattle into heaven and earth" and are expected to "prosper". According to statistics, as of January 27, 2022, a total of 203 companies are expected to return to the parent company's net profit after deducting non-profit in 2021 from negative to positive. It is found that the 203 companies are mainly concentrated in chemical industry, non-ferrous metals, power equipment, textile and clothing, electronics and media. Among them, Petrochina Company Limited(601857) has become a well deserved "loss recovery king". It is estimated that the upper limit of net profit returned to the parent company after deducting non profits in 2021 will be 108 billion yuan, compared with - 11.991 billion yuan in 2020.
· last day of performance forecast: some people are happy and others are sad
When the performance forecast came to the final announcement, some people reported the good news and others made a loss in advance. On January 28, a group of heavyweight companies revealed the annual transcripts of 2021. Among them, Cosco Shipping Development Company Limited(601866) , Baoshan Iron & Steel Co.Ltd(600019) and other "big man" achievements are thickened again; Nuode Investment Co.Ltd(600110) , Dongxin Co., Ltd. and other Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) companies "somersault" in the wind; The performance of China Fortune Land Development Co.Ltd(600340) , Yonghui Superstores Co.Ltd(601933) is not satisfactory, and there are many losses in advance.
securities times
· the new picture of science and technology is coming, and 5g plan
"Launching the ten-year plan for basic research", "striving for a national laboratory"... The provincial government work report depicts a new picture of local scientific and technological innovation investment in 2022. By combing the government work report, the reporter found that in 2022, local financial funds will further tilt to the field of scientific and technological innovation, and the disclosed growth target of the intensity of R & D funds of the whole society will generally remain above 10%. In terms of expanding major application scenarios, according to the reporter's incomplete statistics, 10 provinces, autonomous regions and cities put forward plans to strengthen the application and promotion of 5g enabling industry. According to the analysis, with the rapid development of 5g users and applications in the future, 5g new infrastructure construction is expected to continue to advance.
· northbound capital sold a net 26.1 billion yuan of bank shares against the trend this week
Affected by the violent shocks in the global securities market, the risk aversion of funds going north rose sharply, and positions were sharply reduced this week. Among them, the net sales on Thursday exceeded 14.6 billion yuan, the fifth largest one-day net sales in history; On Friday, net sales again reached 12.5 billion yuan, also breaking into the top 10, the eighth largest single day net sales in history.
The total net sales of the whole week was as high as 26.1 billion yuan, the fifth largest weekly net sales in history. The undervalued value and sound performance of bank stocks have become a safe haven for funds going north. This week, they bucked the trend and gained an increase of more than 1.138 billion yuan, the only industry with a net purchase of more than 1 billion yuan. In January, the total net purchase of bank shares by northbound funds reached 19.2 billion yuan, more than the total net purchase of five industries including chemical industry and non-ferrous metals. A few industries such as public utilities, media, automobile, national defense and military industry also gained positions against the trend this week.
· CIS chip enterprise's profit reached a new high, and the active card position vehicle market
As one of the main categories of core shortage, CMOS image sensor (CIS) enterprises have ushered in a bumper harvest period. The performance of head companies such as Will Semiconductor Co.Ltd.Shanghai(603501) , Galaxycore Inc(688728) is generally good, and the profit is expected to reach a record high in 2021. At the same time, CIS is the core hardware of vehicle camera, which will directly benefit from the popularity of intelligent driving in the automotive field and attract relevant listed companies to layout one after another.
Securities Daily
· release of regulatory requirements for capital transactions and external guarantees of listed companies
On January 28, the CSRC, together with the Ministry of public security, the state owned assets supervision and Administration Commission and the China Banking and Insurance Regulatory Commission, issued the guidelines for the supervision of listed companies No. 8 - regulatory requirements for capital exchanges and external guarantees of listed companies, which shall come into force as of the date of promulgation. This time, the contents of three normative documents, namely, the notice on regulating the capital exchanges between listed companies and related parties and the external guarantee of listed companies, the notice on regulating the external guarantee behavior of listed companies and the notice on centrally solving the problems of the occupation of funds and illegal guarantee of listed companies, were sorted and merged to form the No. 8 guidance, The CSRC, together with the Ministry of public security, SASAC and cbcirc, shall issue a document.
· the construction of the national power market will accelerate and orderly promote the participation of new energy in market transactions
On January 28, the national development and Reform Commission and the National Energy Administration issued the guiding opinions on accelerating the construction of the national unified power market system, which proposed that by 2025, the national unified power market system will be preliminarily completed, the national market will operate in coordination with the provincial (District, city) / regional market, and the integrated design and joint operation of the medium and long-term, spot and auxiliary service markets of electric power, The market-oriented allocation of resources across provinces and regions and the scale of green power trading have been significantly increased, and the market trading and price mechanism conducive to the development of new energy and energy storage has initially taken shape. By 2030, the national unified power market system will be basically completed to meet the requirements of the new power system. The national market will operate jointly with the provincial (District, city) / regional market. New energy will fully participate in market transactions. Market subjects will compete equally and choose independently, and power resources will be further optimized throughout the country.
· the game version number has been suspended for half a year, and the game company has been downsizing
The examination and approval of the National Press Agency for the publication of the game has been suspended for half a year as of January 28. Previously, according to the situation when the edition number was suspended in 2018, the industry speculated that small and medium-sized game companies would be the most affected by the edition number. However, with the longer and longer suspension of edition numbers, not only small and medium-sized enterprises are affected, but also listed companies begin to lay off staff. Recently, the market spread rumors of "layoffs by one-third" of the company. In this regard, Huang Yimeng, the founder of the company, responded on the social platform that "one third of the layoffs" was untrue, but the company did have a team adjustment, which was increased or decreased according to the actual business needs of the company, and there was no so-called one size fits all ratio.
