Market performance and highlights this week: the national development and Reform Commission and the Energy Administration issued opinions to promote green power certificate trading market performance: this week (referring to February 7 to February 11, the same below), the A-share market rose or fell, and the Shanghai Composite Index closed at 3463 points, up 3.02%; Shenzhen composite index closed at 13224 points, down 0.78%; The gem index closed at 2746, down 5.59%. In terms of the style of large and small cap, the large cap index rose 0.41% and the small cap index rose 2.17% this week. Since 2022, the market index has fallen by 7.26% and the small index has fallen by 9.44%, and the small / large ratio is 1.24.
Highlights of this week: the national development and Reform Commission and the Energy Administration issued opinions to promote green power certificate trading; Eve Energy Co.Ltd(300014) and Huizhou Municipal government plan to build a 100 billion level new energy battery industry cluster.
Major events of this week: on February 9, Malion New Materials Co.Ltd(300586) issued the announcement of equity incentive plan. The total number of incentive shares was 5.2 million, the initial exercise price of the option was 6.80 yuan / share, and the validity period was 4 years. Equity incentive target: the net profit in 2022, 2023 and 2024 shall not be less than 200 million yuan, 300 million yuan and 450 million yuan respectively.
Special topic of this week: in 2021, the high growth of the performance of the mass entrepreneurship and innovation sector continued, and the performance of large high-end manufacturing enterprises was better. In 2021, more than 70% of the company’s performance on the science and Innovation Board was expected, and the growth rate of the performance of the gem in the fourth quarter turned positive. As of February 11, 2022, the disclosure rate of the performance forecast of the science and Innovation Board had reached 44.6%, and 119 companies (accounting for 71%) had good performance. According to the statistics of the overall method, the net profit of the science and innovation board in 2021 was 32.656 billion yuan, a year-on-year increase of more than 6 times. In terms of gem, the disclosure rate of performance forecast in 2021 annual report reached 63.9%, of which 408 companies had good performance, accounting for 59%. On the whole, the net profit in 2021 was 101.908 billion yuan, a year-on-year increase of nearly double; On a quarterly basis, Q4’s performance improved significantly in 2021, with a single quarter profit of 1.4 billion yuan, a year-on-year increase of 103.7%. Profits and losses are further concentrated to the top enterprises, and the performance of large high-end manufacturing enterprises leads. In the post epidemic era, the profits and losses of the gem in 2021 are further concentrated to the head companies: the proportion of the top ten profit-making companies in the total profits of the sector has increased from 28.3% in 2020 to 31.5%, and the proportion of the top ten loss making companies in the losses of the sector has also increased significantly from 22.2% in 2020 to 40.9%. At the same time, large capitalization companies have stronger resilience in the rapid recovery after the epidemic, so they achieved better performance than small and medium capitalization companies in 2021. From the performance forecast of the 2021 annual report, 86% and 87% of the companies with a market value of more than 30 billion on the science and innovation board and the gem maintained positive year-on-year growth respectively, significantly higher than the small and medium-sized companies with a market value of less than 30 billion. By industry, high-end manufacturing industries such as electronics, power equipment and new energy, medicine, biology and mechanical equipment have large net profits and rapid growth. From a marginal point of view, the performance growth rate of high-end manufacturing industries such as medicine, biology, power equipment and new energy, electronics, mechanical equipment and basic chemical industry in the fourth quarter of 2021 was also significantly higher than that in the third quarter.
Key recommended themes and stocks
Smart car theme (Ju Guang technology, Huizhou Desay Sv Automotive Co.Ltd(002920) , Foryou Corporation(002906) , Ingenic Semiconductor Co.Ltd(300223) , Thunder Software Technology Co.Ltd(300496) , Lianchuang Electronic Technology Co.Ltd(002036) , Ningbo Joyson Electronic Corp(600699) , Meig Smart Technology Co.Ltd(002881) ); Leisure snack theme ( Yanker Shop Food Co.Ltd(002847) , Bestore Co.Ltd(603719) , Three Squirrels Inc(300783) ); Pet and Breakfast themes ( Petpal Pet Nutrition Technology Co.Ltd(300673) , Zhongyin Babi Food Co.Ltd(605338) ); High end manufacturing themes ( Amlogic (Shanghai) Co.Ltd(688099) , Jade Bird Fire Co.Ltd(002960) , Jutze Intelligent Technology Co.Ltd(300802) , Jiangsu Ankura Smart Transmission Engineering Technology Co.Ltd(300617) ).
Risk tip: the economy has fallen sharply; Major changes in capital market reform policies; The prosperity of the industry is lower than expected.
