Follow up comments
On February 8, 2022, the Shanghai Composite Index closed at 3452.63 points, up 0.67%; The Shenzhen Component Index closed at 13325.41 points, down 0.98%. The Chongqing composite index, which we focus on, closed at 3558.86 points, up 0.83%; Sichuan composite index closed at 8645.69 points, down 1.04%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Yimikang Tech.Group.Co.Ltd(300249) (300249, 19.97%), Huatu Cendes Co.Ltd(300492) (300492, 10.36%), Chengdu Gas Group Corporation Ltd(603053) (603053, 10.05%). The 42 companies we focused on rose by an average of 0.50%, of which the top three stocks were: Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (300504, 6.82%), Sichuan Languang Development Co.Ltd(600466) (600466, 5.82%), Sichuan Jinlu Group Co.Ltd(000510) (000510, 3.68%). By industry, the top three sectors in Sichuan and Chongqing were architectural decoration (4.39%), leisure services (5.73%) and steel (5.34%).
The Department of culture and tourism of Sichuan Province released the consumption data of culture and tourism of the whole province during the Spring Festival in 2022. The data showed that the culture and tourism market of the whole province continued to pick up. During the Spring Festival, the whole province received 59.0584 million tourists, a year-on-year increase of 35.27%, and realized a comprehensive tourism revenue of 36.4 billion yuan, a year-on-year increase of 27.49%. In the case of less affected by covid-19 epidemic, the cultural tourism market in Sichuan province continued to pick up. During the Spring Festival holiday, the number of tourists and tourism consumption increased rapidly year-on-year. Compared with 2019, the number of tourists received has recovered to 71.61% and the tourism revenue has recovered to 62.71%. With the listing of vaccines and specific drugs, the impact of covid-19 epidemic on tourism may gradually subside. Sichuan and Chongqing are rich in tourism resources. Grasp the key nodes of the comprehensive recovery of tourism, and build a culture and tourism brand with global influence. During the 14th Five Year Plan period, enterprises related to tourism industry in Sichuan and Chongqing will usher in rapid development. It is suggested to pay attention to large enterprises related to tourism industry in Sichuan and Chongqing.
Industry dynamics
Chengdu Municipal Bureau of housing and urban rural development issued the implementation plan of the 14th five year plan for the transformation of old urban courtyards in Chengdu, which proposed to comprehensively eliminate the major potential safety risks such as class D dangerous houses, gas, electricity, waterlogging and public security in old courtyards by the end of 2022; By the end of the 14th Five Year Plan period, we will basically complete the transformation of old urban courtyards that need to be transformed and completed by the end of 2004 in Chengdu. (China News Network)
Company dynamics
Rightway Holdings Co.Ltd(600321) (600321): the announcement on the progress of repurchasing shares of the company through centralized bidding transaction was issued. As of January 31, 2022, the company has repurchased 1.39 million shares through centralized bidding transaction, accounting for 0.092% of the total share capital of the company.
Jinke Property Group Co.Ltd(000656) (000656): the announcement on the reduction of shareholders’ shares in the company was issued. Huang Sishi, the shareholder of the company, has reduced the shares of the company through centralized bidding trading and block trading respectively through the secondary market, with a total reduction of 45.6491 million shares, accounting for 0.85% of the total share capital of the company.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
