Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
Yaoming stocks plummeted across the board. Yaoming biology: the “unverified list” of the US Department of Commerce had little impact
On February 8, in response to the company’s inclusion in the “unverified list” of the U.S. Department of Commerce, Yaoming biological issued a statement saying that the “unverified list” is not a more well-known U.S. “entity list” or “blacklist”. We welcome to check at any time to remove from such lists. We are also taking interim measures to remove these subsidiaries from the list before inspection.
Yaoming biological said that the company has been importing some hardware controllers and some hollow fiber filters of bioreactors. These controllers are subject to U.S. export controls, but have been approved by the U.S. Department of Commerce in the past 10 years. We comply with all U.S. export control regulations. We will not re export or resell these items to any other entity.
At the same time, Yao Mingsheng pointed out that the US Department of Commerce has a routine procedure to verify the correct use of these products on site (i.e. self use, not resale). Due to the covid-19 pandemic, the process has not been completed in the past two years. This has no impact on the company’s business or the continuous services of global partners, and has little impact on the company’s imports.
Affected by this, YaoMing’s individual stocks plummeted across the board today. As of press time, A-Shares Wuxi Apptec Co.Ltd(603259) fell by the limit, and the largest decline in H shares has reached 27.24%; Yaoming biology fell by more than 29%.
in 2021 Contemporary Amperex Technology Co.Limited(300750) made a lot of money. Why did the share price accelerate its decline?
On February 8, Contemporary Amperex Technology Co.Limited(300750) continued yesterday’s trend in the morning and dived again. In terms of news, recently, Contemporary Amperex Technology Co.Limited(300750) disclosed the performance forecast for 2021, and the annual net profit is expected to be 14-16.5 billion yuan, a year-on-year increase of 150.75% – 195.52%. This is also the highest profit level since Contemporary Amperex Technology Co.Limited(300750) was listed in 2018. According to the financial report, Contemporary Amperex Technology Co.Limited(300750) the net profit in the first three quarters of 2021 was 7.751 billion yuan, a year-on-year increase of 130.90%.
For the reasons for the performance growth, Contemporary Amperex Technology Co.Limited(300750) said: first, the market penetration of new energy vehicles and energy storage increased in 2021, driving the growth of battery sales. Second, the company made progress in market development, released new production capacity and increased production and sales accordingly. Third, the company strengthened cost control and reduced the proportion of expenses in revenue.
Everbright Securities Company Limited(601788) said that the proportion of Contemporary Amperex Technology Co.Limited(300750) overseas revenue in operating revenue increased from 3.5% in 2018 to 21% from January to September 2021 to 14.2 billion yuan. The increasing proportion of lithium iron phosphate is also an opportunity for Ningde, including the industrial chain, to enter overseas.
Kaiyuan Securities pointed out that Contemporary Amperex Technology Co.Limited(300750) made more profits than expected in the fourth quarter of last year for three reasons: first, high-quality batteries were in short supply and the price of battery products increased. Second, the company prospectively reserves a large number of raw materials in short supply in the industry in advance to avoid the sharp price increase of lithium carbonate and other raw materials since Q4 in 2021, which will affect the profit margin. Third, the volume of energy storage business and the profitability of raw material related businesses such as recycling increased. The company’s control over the upstream and downstream of the industrial chain, understanding of the product price cycle, and the courage and execution of the purchasing end are still one level higher than those of its competitors.
Baijiu group fell collective Anhui Yingjia Distillery Co.Ltd(603198) fell more than 6% Kweichow Moutai Co.Ltd(600519) lost 1800 yuan
Baijiu shares fell 8 days in a group, as of press time, Anhui Yingjia Distillery Co.Ltd(603198) fell more than 6%, Anhui Gujing Distillery Company Limited(000596) fell more than 5%, Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) , Sichuan Swellfun Co.Ltd(600779) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) and other decline of over 4%; Kweichow Moutai Co.Ltd(600519) also fell sharply, and once fell behind the integer mark of 1800 yuan.
Citic Securities Company Limited(600030) pointed out that the return passenger flow of the Spring Festival in 2022 has recovered compared with the same period of the previous year. According to the special class data of the Spring Festival transportation under the joint prevention and control mechanism of the State Council, it is estimated that 521 million passengers will be sent in the 21 days before the Spring Festival transportation (as of February 6), an increase of 40% year-on-year. Benefiting from the return of the Spring Festival and driven by the upgrading under the background of regional economic cycle, the dynamic sales in Anhui, Jiangsu, Shanxi and other regions performed well. Henan, Tianjin, Hangzhou and other regions are greatly affected by the epidemic and the demand feedback is relatively poor. Structurally, high-end famous wines remain stable, with strong wholesale prices and stable dynamic sales; The sub high-end liquor with a high proportion of banquet scenes is greatly affected, and the sub high-end pressure is more obvious in regions with relatively weak demand. Overall, Baijiu performance is in line with expectations during the Spring Festival. The famous wine maintains consistent stability, and the emblem of wine and Su wine is relatively eye-catching.
The agency believes that the market is more rational for Baijiu selling in the Spring Festival, and a callback year ago has basically released the relative negative sentiment of the market in the rush season. Tracking shows that Baijiu sales performance has been stable during the Spring Festival season, and market sentiment is expected to gradually warm up. At present, the high-end Baijiu Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) and Luzhou Laojiao Co.Ltd(000568) are still the first to be promoted. Pay attention to the opportunities of local wine and marginal changes of secondary high-end, and recommend Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) .
Open source securities also said that the current Spring Festival Baijiu sales basically meet the expectations before, and overall maintain a steady momentum. High-end Baijiu keeps healthy growth during the festival, and prices are matched with sales growth. Sub Baijiu liquor differentiation, some brands slightly fluctuate, but sales remained stable. Areas with better epidemic control and control, such as Anhui, also have achieved a good momentum of growth and obvious upgrading of Baijiu consumption. At present, the opportunity of high-end Baijiu and Baijiu liquor is still optimistic. The current valuation is in a reasonable range, and it still has higher investment value in the whole year.
coal stocks rose sharply against the trend. These reasons support the expectation of rising coal prices
In Tuesday’s session, coal stocks rose the most. As of press time, Anyuan Coal Industry Group Co.Ltd(600397) rose the limit, Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Yunnan Coal & Energy Co.Ltd(600792) rose the most, Shanxi Coking Coal Energy Group Co.Ltd(000983) , Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) , Shanxi Coal International Energy Group Co.Ltd(600546) and so on.
According to the national development and Reform Commission, during the Spring Festival holiday, various regions and central enterprises strive to stabilize coal production and supply and scientifically arrange production and sales. The daily output, supply and shipment of coal are higher than the level in the same period of the lunar calendar, which effectively ensures the demand for coal during the festival. Since the third day of the first month, coal production in various regions has rebounded rapidly, and has basically returned to the pre holiday level. The coal storage of national unified dispatching power plants has remained above 165 million tons, an increase of more than 40 million tons over the same period last year. With the accelerated recovery of coal production, the demand for coal in superimposed heating season has decreased, and the guarantee capacity of coal supply will be further enhanced.
In terms of performance, Guotai Junan Securities Co.Ltd(601211) said that the overall performance forecast of the industry exceeded expectations, and the profit of the sector decreased month on month and increased significantly year on year in the fourth quarter. According to the 32 coal companies that have disclosed the performance forecast, the annual profit forecast center in 2021 is 138 billion yuan, an increase of 80% year-on-year compared with 76.8 billion yuan in 2020. The overall profit situation is better than expected. In the fourth quarter of 2021, the profit center was 32.9 billion yuan, a month on month decrease of 19%, mainly due to the impairment of most enterprises and large cost provision in the fourth quarter, resulting in the month on month decrease of performance in the fourth quarter, but the year-on-year growth rate was better than the comprehensive level of the whole year.
For the future trend of coal price, Citic Securities Company Limited(600030) pointed out that the current fundamentals are stronger than expected, the low inventory state of power coal remains unchanged, and the coal price is easy to rise under the catalysis of expectation. Although the prices of some coking coal and coke fell on the first working day after the festival, the high price of thermal coal was stable. The port inventory is still about 4.5 million tons, lower than the level of the same period in recent two years, and is still in a low inventory state. In the follow-up, with the further release of post holiday demand and the current strong coal price expectation, or stimulate more demand for replenishment, the coal price is also easy to rise.
In the medium and long term, the research report pointed out that although the delay of carbon peak time in the steel industry has directly improved the demand expectation of “double coke”, the power consumption increment of black smelting sector is also the largest industry category in the industrial power consumption increment, so the demand for power coal has also increased. In addition, the continued rise in energy prices such as international oil prices also contributes to the expected increase in China’s coal prices. These factors are expected to become a catalyst for the short-term sector rebound.
equipment construction sector strengthened again Hualan Group Co.Ltd(301027) rose sharply for two consecutive days Zhejiang Construction Investment Group Co.Ltd(002761) and other daily limits
The equipment construction sector strengthened again on the 8th. As of press time, Hualan Group Co.Ltd(301027) rose by more than 16%. The intraday limit was “20cm”, and the stock also rose yesterday; Shenzhen Grandland Group Co.Ltd(002482) , Zhejiang Construction Investment Group Co.Ltd(002761) rose by the limit, and Shenzhen Jianyi Decoration Group Co.Ltd(002789) , Suzhou Gold Mantis Construction Decoration Co.Ltd(002081) , Hangxiao Steel Structure Co.Ltd(600477) rose by more than 5%.
Galaxy Securities pointed out that the central economic work conference in December 2021 proposed to carry out infrastructure investment moderately in advance. Since then, various ministries and commissions have expressed their support for infrastructure investment. At the same time, considering the intensive issuance of special bonds in the second half of last year and the amount of special bonds issued in advance this year, the capital source of infrastructure investment is guaranteed, and the growth rate of infrastructure investment is expected to be 5% in the first half of 2022, The annual growth rate was 3%. This year, the probability of fiscal expenditure is high, and the role of infrastructure construction in supporting the economy is expected to gradually appear. The concentration of the construction industry is improving, and the leading enterprises have obvious competitive advantages in terms of qualification, brand and capital. The concentration may be further improved.
In September 2016, the general office of the State Council issued the guidance on vigorously developing prefabricated buildings, which proposed to strive to reach 30% of prefabricated buildings in about 10 years. In 2019, the Ministry of housing and urban rural development proposed the development plan of prefabricated buildings. By 2020, the proportion of prefabricated buildings in China will be about 15%. In October 2021, the State Council issued the action plan for carbon peak before 2030, which proposed to promote green and low-carbon building materials and green construction methods, accelerate the industrialization of new buildings, vigorously develop prefabricated buildings and promote steel structure housing. In January 2022, the Ministry of housing and urban rural development prepared the “14th five year plan” for the development of construction industry, and proposed that by 2035, the proportion of prefabricated buildings in new buildings will reach more than 30%. Prefabricated buildings are encouraged by policies and have great development potential in the future. The agency suggests paying attention to Anhui Honglu Steel Construction(Group) Co.Ltd(002541) , Hangxiao Steel Structure Co.Ltd(600477) , Zhejiang Southeast Space Frame Co.Ltd(002135) , Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Anhui Fuhuang Steel Structure Co.Ltd(002743) .
In addition, the 14th five year plan proposes to vigorously develop green buildings, and “carbon neutralization” and “carbon peak” have become the focus of policy attention. According to statistics, China State Construction Engineering Corporation Limited(601668) industry carbon emissions account for about 40% of the total carbon emissions. Energy conservation and carbon reduction in the construction industry is very important. Sinosteel Engineering & Technology Co.Ltd(000928) accelerate the layout of low-carbon metallurgy technology and build a green industrial chain in an all-round way. In 2020, the contract amount of newly signed projects such as sintering machine, blast furnace, wire rod production line and pellet production line was nearly 14 billion yuan, and the future performance was guaranteed. If the crude oil price is within a reasonable range, the profits of chemical construction engineering enterprises will improve and the long-term prosperity may increase. It is suggested to pay attention to China National Chemical Engineering Co.Ltd(601117) in the medium and long term. One belt, one road initiative, is also beneficial to international engineering enterprises.
tourism and catering sectors rose Anhui Jiuhuashan Tourism Development Co.Ltd(603199) , Xi’An Qujiang Cultural Tourism Co.Ltd(600706) and other daily limits
The tourism, hotel and catering sectors rose on the 8th. As of press time, the tourism sector, Anhui Jiuhuashan Tourism Development Co.Ltd(603199) , Xi’An Qujiang Cultural Tourism Co.Ltd(600706) limit, Tibet Tourism Co.Ltd(600749) , Wuhan Sante Cableway Group Co.Ltd(002159) , Yunnan Tourism Co.Ltd(002059) and other outstanding performances; In terms of hotel catering sector, Guangzhou Lingnan Group Holdings Company Limited(000524) rose by the limit, Xi’An Catering Co.Ltd(000721) , China Quanjude(Group) Co.Ltd(002186) rose by the top.
According to the calculation data released by the Ministry of culture and tourism, 251 million Chinese tourists traveled throughout the country during the seven-day Spring Festival holiday in 2022, a year-on-year decrease of 2% and a comparable recovery to 73.9% in the same period of the Spring Festival holiday in 2019. During the Spring Festival holiday in 2022, China’s tourism revenue reached 289.198 billion yuan, a year-on-year decrease of 3.9%, returning to 56.3% in the same period of the Spring Festival holiday in 2019.
From the perspective of tourism types, local spring festival tours and return to hometown peripheral tours are still the main body. Qunar data show that as of 10 a.m. on February 6, the proportion of short-distance and suburban tourists has reached more than 70%. Ctrip data show that more than 80% of tourists choose to visit scenic spots locally during the Spring Festival of the year of the tiger, and the ticket proportion of scenic spots in the province is as high as 82%. Driven by the “Winter Olympics effect”, the popularity of ice and snow tourism is rising. According to the big data of the same journey, during the Spring Festival, the orders of ice and snow scenic spots across the country increased by 68% compared with the same period last year. Qunar data show that the number of tickets sold in the platform ski resort has doubled compared with last year’s Spring Festival holiday. According to the data of flying pig, the orders of goods related to ice and snow tourism in the Spring Festival increased by more than 30% year-on-year. According to the big data of hornet’s nest, cities rich in ice and snow resources are hot. Beijing, the “city of double Olympics”, ranks first among cities. The average increase in search heat such as “ice and snow” and “skiing” in Beijing is higher than 215%.
Driven by the superposition of local New Year holidays and returning home for the new year, local hotels are hot. According to the same journey data, local hotel reservations account for 46% during the Spring Festival; Qunar platform data show that the hotel reservation volume of Spring Festival in 2022 is nearly four times that of 2021, and the main increment comes from the demand of “residential hotels”; According to the data of Ctrip platform, as of February 5, the search popularity of hotels during the Spring Festival increased by 81% year-on-year, and the order volume of local hotels accounted for 60%. Based on the accommodation function, the hotel combined with catering and surrounding scenic spots to provide all-round services such as living, playing, eating and saving. “Residential hotel” has become a new choice for people to enjoy the atmosphere of the Spring Festival and receive their returning relatives. From the perspective of city level, driven by returning groups, the demand for hotels in low-level cities has increased significantly. According to Ctrip data, as of February 5, the proportion of accommodation customers from third, fourth and fifth tier cities during the Spring Festival increased by 13% year-on-year, 34% year-on-year compared with 2019, 30% year-on-year increase in order volume, and the order volume of rural hotels more than doubled compared with the same period last year.
Shanxi Securities Co.Ltd(002500) said that China’s long-term trend will remain firm, clear cases, strictly prevent overseas input, accelerate vaccination and multi vaccine research and development, and realize mass immunization as soon as possible. During the Spring Festival, the Winter Olympic Games were held in Zhangjiakou, Beijing. The government continued to take strict covid-19 prevention and control measures, and the restrictions on international flights were extended to at least the first half of this year. China’s tourism industry continued to circulate internally, and the flow of outbound tourists continued to be transformed into Chinese tourism. China’s tourism industry does not change the recovery trend, and the recovery process is repeatedly disturbed with the possible local epidemic. During this period, with theme investment and hot investment hotspots, the fundamentals of Companies in the industry showed continuous repair. It is suggested to pay attention to: China Tourism Group Duty Free Corporation Limited(601888) , Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Btg Hotels (Group) Co.Ltd(600258) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) , Songcheng Performance Development Co.Ltd(300144) , China Cyts Tours Holding Co.Ltd(600138) .
