This week, Sichuan composite index rose 0.87% and Chongqing composite index rose 3.19%.
As of February 11, 2022, the PE of Sichuan sector is 46.56 times, and the overall valuation level has decreased; The PE of Chongqing sector is 21.22 times, and the overall valuation level has decreased. By industry, the top three sectors in Sichuan and Chongqing this week were agriculture, forestry, animal husbandry and fishery (+ 20.47%), architectural decoration (+ 14.59%), and social services (+ 12.97%). From the perspective of listed companies, the top three increases are Chongqing Construction Engineering Group Co.Ltd(600939) (+ 56.76%), Leshan Giantstar Farming&Husbandry Corporation Limited(603477) (+ 31.56%) and Guocheng Mining Co.Ltd(000688) (+ 24.12%); The top three declines were Porton Pharma Solutions Ltd(300363) (- 21.17%), Great Wall International Acg Co.Ltd(000835) (- 20.99%) and Chengdu Zhimingda Electronics Co.Ltd(688636) (- 20.28%). The 42 listed companies we focused on in Sichuan and Chongqing rose by an average of 2.67%. The top three were: Jinke Property Group Co.Ltd(000656) (+ 10.62%), Sichuan Yahua Industrial Group Co.Ltd(002497) (+ 10.88%), New Hope Liuhe Co.Ltd(000876) (+ 10.03%); The top three declines were: Sichuan Injet Electric Co.Ltd(300820) (- 12.03%), Westone Information Industry Inc(002268) (- 4.33%) and Hitgen Inc(688222) (- 3.60%).
The list of major projects in Chengdu Chongqing twin city economic circle in 2022 was announced, and many industries ushered in new opportunities for development.
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.
Tourism in Sichuan and Chongqing has recovered rapidly.
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.
Risk tip: macroeconomic growth is lower than expected, covid-19 epidemic continues to be at risk, and consumption recovery is lower than expected.
