Hot spots in the industry this week: ① on February 7, the State Administration of Taxation released the value-added tax invoice data related to national residents’ consumption; ② On February 7, the central bank released the monitoring data of 2022 Spring Festival holiday payment business; ③ On February 9, the Foresight Research Institute released the analysis report on the current market situation and competition pattern of China’s new beauty makeup retail industry in 2022.
Market performance: last week (2022.2.06-2022.2.11), CS trade retail index fell (3.92%), outperforming Shanghai Stock Index (- 3.02%), Shanghai and Shenzhen 300 index (0.82%) and Shenzhen Component Index (- 0.78%). Since the beginning of the year, the industry index has fallen by – 3.29%, outperforming Shanghai and Shenzhen 300 (- 6.86%), Shenzhen Composite Index (- 10.99%) and Shanghai Composite Index (- 4.86%). Compared with other industries, the commerce and retail sector ranked 15th in the rise and fall of CITIC’s 30 industry categories last week, down 5 from the previous week.
E-commerce and agent operation segment: Nanji E-Commerce Co.Ltd(002127) acquisition of tbhglobalco, Ltd holds some trademarks and acquires 100% equity of baijiahao (Shanghai) Fashion Co., Ltd. and uses idle own funds to buy financial products.
Supermarket sector: Yonghui Superstores Co.Ltd(601933) sales data ten days before New Year’s Eve, sales increased by nearly 15% and the announcement of performance loss in 2021 was issued; Jiajiayue Group Co.Ltd(603708) release the annual performance forecast for 2021. Factors such as the role of the epidemic and the downward pressure of the economy, the fierce competition among the required channels and the active adjustment of the company’s internal operation will affect the performance of supermarkets.
Gold and jewelry sector: the World Gold Council disclosed that China National Gold Group Gold Jewellery Co.Ltd(600916) consumption during the Spring Festival “made a good start”
Department stores and comprehensive formats: lianshang.com releases the Spring Festival passenger flow of shopping centers across the country; Grandjoy Holdings Group Co.Ltd(000031) announce the Spring Festival sales of its stores; New Hua Du Supercenter Co.Ltd(002264) sell its retail business; Anhui Andeli Department Store Co.Ltd(603031) acquisition, reorganization and expansion of battery business; Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) disclose the progress of repurchasing A shares through centralized bidding trading; Beijing Cuiwei Tower Co.Ltd(603123) issue a reply to abnormal fluctuations in stock trading.
Cosmetics sector: Shanghai Jahwa United Co.Ltd(600315) disclose the progress of share repurchase through centralized bidding transaction; Zanyu Technology Group Co.Ltd(002637) repurchase of a shares; Winner Medical Co.Ltd(300888) repurchase of shares of the company; Lafang China Co.Ltd(603630) part of the shares of the actual controller are pledged and released in advance; The global cosmetic company has a good operation in fiscal year 2021, showing the characteristics of the Asia Pacific region and the healthy consumer goods and perfume and skincare line.
Gehu sector: Hangzhou Haoyue Personal Care Co.Ltd(605009) buy back the company’s shares for the first time by means of centralized bidding transaction; Winner Medical Co.Ltd(300888) repurchase company shares.
Recommended target: keep the logic of Omni channel configuration unchanged. It is recommended to focus on retail channel Tianhong Department Store (002419. SZ), Wangfujing Group Co.Ltd(600859) (600859. SH), Yonghui Superstores Co.Ltd(601933) (601933. SH), Jiajiayue Group Co.Ltd(603708) (603708. SH), Chengdu Hongqi Chain Co.Ltd(002697) (002697. SZ), Vats Liquor Chain Store Management Joint Stock Co.Ltd(300755) (300755. SZ), Hangzhou Onechance Tech Corp(300792) (300792. SZ), Shanghai Lily&Beauty Cosmetics Co.Ltd(605136) (605136. SH); And Shanghai Jahwa United Co.Ltd(600315) (600315. SH), Proya Cosmetics Co.Ltd(603605) (603605. SH), Guangdong Marubi Biotechnology Co.Ltd(603983) (603983. SH), Yunnan Botanee Bio-Technology Group Co.Ltd(300957) (300957. SZ), Hangzhou Coco Healthcare Products Co.Ltd(301009) (301009. SZ), Hangzhou Haoyue Personal Care Co.Ltd(605009) (605009. SH), Winner Medical Co.Ltd(300888) (300888. SZ), Chongqing Baiya Sanitary Products Co.Ltd(003006) (003006. SZ) of consumer products.
Risk warning: the risk of insufficient market confidence; Risk that the progress and effect of transformation are lower than expected.
