Follow up comments
On February 9, 2022, the Shanghai Composite Index closed at 3479.95 points, up 0.79%; The Shenzhen Component Index closed at 13531.31 points, up 1.55%. The Chongqing composite index, which we focus on, closed at 3642.05 points, up 2.34%; Sichuan composite index closed at 8847.46 points, up 2.33%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Leshan Giantstar Farming&Husbandry Corporation Limited(603477) (603477, 9.99%), Chongqing Taiji Industry (Group) Co.Ltd(600129) (600129, 9.98%), Chengdu Xinzhu Road&Bridge Machinery Co.Ltd(002480) (002480, 9.98%). The 42 companies we focused on rose by an average of 0.50%, of which the top three stocks were: Eoptolink Technology Inc.Ltd(300502) (300502, 7.99%), New Hope Liuhe Co.Ltd(000876) (000876, 7.02%), Chengdu Haoneng Technology Co.Ltd(603809) (603809, 5.79%). By industry, the top three sectors in Sichuan and Chongqing are agriculture, forestry, animal husbandry and fishery (7.02%), textile and garment (4.92%) and communication (4.04%).
On February 8, the joint office of promoting the construction of Chengdu Chongqing twin city economic circle issued the notice on the implementation of major projects in 2022. The notice shows that 160 major projects will be implemented in the twin city economic circle in 2022, with an estimated total investment of about 2036.7 billion yuan, of which the annual planned investment is 183.5 billion yuan. In terms of specific areas, the top three investment scale are: 40 infrastructure network projects with a total investment of 1346.1 billion yuan, 72 modern industrial system projects with a total investment of 540.2 billion yuan, and 30 scientific and technological innovation center projects with a total investment of 75 billion yuan. With the continuous promotion of the construction of Chengdu Chongqing dual city economic circle, major construction projects in Sichuan and Chongqing have been promoted smoothly. A large number of construction projects will be started this year, continuously releasing a large number of infrastructure needs, which will benefit the infrastructure related industrial chain enterprises in Sichuan and Chongqing. In addition, with the successive construction of several planned industrial parks, it will lay a good foundation for the development of high-tech, new energy and other industries, and promote the rapid growth of related industries in Sichuan and Chongqing.
Industry dynamics
Chongqing Municipal People’s government issued the notice of the general office of Chongqing Municipal People’s Government on printing and distributing the objectives and tasks of key practical work of people’s livelihood in 2022, which shows that there are 15 objectives and tasks of key practical work of people’s livelihood this year, involving the transformation of old residential areas, education, elderly care, disability assistance, transportation, urban construction and other aspects. Among them, in terms of the transformation of old urban communities, the goal of this year is to start the transformation of 1277 old urban communities with an area of 30.89 million square meters. (China News Network)
Company dynamics
Sichuan Kelun Pharmaceutical Co.Ltd(002422) (002422): the announcement on the company’s linagliptin tablets obtaining drug registration approval was issued. The company’s chemical “linagliptin tablets” recently obtained the drug registration approval of the State Drug Administration. Legletine tablets are the fourth approved diabetes treatment products after our company, following the engrijing tablets, kgglijing tablets and Western gletin tablets. In the future, we will form a new product cluster with the newly developed hypoglycemic drugs, such as trglipetin and trgliptin tablets, which have been declared and researched by the company.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
