Today (February 16), A-Shares rebounded collectively in the morning, and the Shenzhen Composite Index and gem index fell to varying degrees in the afternoon. On the disk, in terms of industries, engineering construction, steel, decoration, cement and building materials, energy metals, automobiles and other industries led the increase; Gold, aerospace, jewelry, wind power and other industries made a slight correction. In terms of theme stocks, industrial machine tools, assembly buildings, covid-19 drugs, rare earth permanent magnets, data security, underground pipe network and other gains were among the top, and the cultivation of diamond, pork concept, online tourism and other small pullbacks.
covid-19 drug concept continues to be strong. Chengda pharmaceutical’s third board Aba Chemicals Corporation(300261) soared the limit at the end of the session
Covid-19 drug concept was active again on the 16th, and Chengda pharmaceutical “20cm” trading limit. So far, the stock has been trading limit for three consecutive trading days; Aba Chemicals Corporation(300261) soared the limit, which has soared by more than 50% in the past three trading days; In addition, Xinxiang Tuoxin Pharmaceutical Co.Ltd(301089) , Aurisco Pharmaceutical Co.Ltd(605116) , Shanghai Junshi Biosciences Co.Ltd(688180) , Jinghua Pharmaceutical Group Co.Ltd(002349) , Zhejiang Cheng Yi Pharmaceutical Co.Ltd(603811) and other increases were higher; Covid-19 detection concept also strengthened. As of press time, the “20cm” limit of three-dimensional world rose, Beijing Hotgen Biotech Co.Ltd(688068) , Anxi biology, Shenzhen Yhlo Biotech Co.Ltd(688575) , Huakang medical, etc.
Investors have paid close attention to the recent release of cod-15 pharmaceutical intermediates by Pfizer, especially in the media. It is hereby explained that the company is mainly committed to providing cdmo services for key pharmaceutical intermediates for multinational pharmaceutical enterprises and pharmaceutical R & D institutions. Entrusted by Pfizer API factory, the company customized the research and development of pharmaceutical intermediates pf-07304814. The corresponding sales revenue accounted for 0.61% and 1.16% of operating revenue from January to June in 2020 and 2021 respectively, This part of the sales revenue accounts for a small proportion of the company’s operating revenue, which has not had a significant impact on the company’s performance. The company has not found any other media reports or market rumors that may or have had a great impact on the company’s stock trading price.
In addition, Aba Chemicals Corporation(300261) strengthened again today, and the share price soared by the limit at the end of the day. On the news, on February 14, the Shenzhen Stock Exchange issued a letter of concern for Aba Chemicals Corporation(300261) . According to the letter of concern, some investors recently mentioned in their complaints about Aba Chemicals Corporation(300261) that the company has applied for the project of 50 tons of parovid API per year, 500 tons of Caron anhydride intermediate, 300 tons of azabicyclohexamarane and other projects, and has obtained the approval for the project, but the company did not disclose the relevant information.
In this regard, Shenzhen stock exchange requires to explain whether the company has applied for projects with an annual output of 50 tons of palovide API, 500 tons of caronic anhydride intermediate, 300 tons of azabicyclohexane and other projects, and has obtained the approval of the project is true. At the same time, in combination with the specific situation of the project, explain the reasons why the project name involves palovide API, Caron anhydride intermediate and azabicyclohexane, and whether it is related to Pfizer covid-19 oral drug palovide. If so, explain the specific relevance and judgment basis. At the same time, in combination with the above reply, explain whether the company’s application for the project belongs to the major information that should be disclosed in accordance with the gem stock listing rules (revised in December 2020) of Shenzhen Stock Exchange, whether there is any undisclosed situation that should be disclosed, and whether there is any situation that uses the project application to cater to the hot spots of the market.
Anhui Golden Seed Winery Co.Ltd(600199) Baijiu shares continue to rebound, can it continue?
Wednesday afternoon, Baijiu stock movements rose, Anhui Golden Seed Winery Co.Ltd(600199) trading, Gansu Huangtai Wine-Marketing Industry Co.Ltd(000995) , Jinhui Liquor Co.Ltd(603919) , Luzhou Laojiao Co.Ltd(000568) , Lao Bai stem and other varying degrees of rise. On the news side, during the Spring Festival, many Baijiu sold less than expected. Wanlian Securities pointed out that all kinds of famous wines competed, and the performance of sauce wine was unsatisfactory. Affected by the epidemic, wine merchants in some areas have enjoyed a good growth, but many Baijiu sales are not as good as expected. In addition, the low-end boxed liquor, which was once popular in villages and towns, is accelerating its withdrawal from the market, which has been difficult to find in the market, and the market differentiation has intensified significantly.
Dongxing Securities Corporation Limited(601198) believes that the consumption data feedback during the spring festival mainly reflects the situation of the first and second tier cities, and the consumption in the third and fourth tier cities and rural markets is not included. The number of people returning home this year has increased compared with last year, which is equivalent to the decline of consumption, and the actual consumption is still recovering. With the feedback of actual consumption, market confidence will recover.
Caixin Securities Research Report also pointed out that Baijiu sales before and after the Spring Festival is plain, but better than the pessimism expectations before the festival. Pre Baijiu sector fell sharply, the valuation of price performance again appeared, the current position of the Baijiu sector can be more active. At present, the fundamentals of the industry are mainly stable, and it is expected to strengthen again with the recovery of macro viewing attitude in the future. However, due to the uncertainty of the recovery speed of consumption capacity, the weak demand period may continue for some time. This stage especially tests the channel price and inventory control ability of wine enterprises, and the winery needs to balance the volume and price.
On the allocation, the research report pointed out that the importance of improving certainty for performance was raised: (1) the demand for high-end Baijiu is relatively resilience, and the internal governance and channel control capabilities of liquor enterprises are all improving. The certainty of achieving steady growth this year is still strong, and recommend Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) and Luzhou Laojiao Co.Ltd(000568) .
(2) the sub high-end liquor enterprises will continue the trend of differentiation and further focus on brands. The sub high-end liquor enterprises with strong channel control ability, stable channel profits and continuous promotion of brand construction can accelerate the harvest of market share and support the certainty of performance, focusing on Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Anhui Gujing Distillery Company Limited(000596) .
(3) in addition, the sub high-end of some leading real estate liquor companies is also worthy of attention. At present, the growth of leading real estate liquor companies mainly depends on deep cultivation of the base market. Companies with more in-depth channel construction in the province are expected to achieve further growth in sales. Leading real estate liquor companies with obvious consumption upgrading trend in the provincial market are expected to show stronger growth and pay attention to Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) , Anhui Yingjia Distillery Co.Ltd(603198) .
the water conservancy construction sector has a strong trend Shenzhen Water Planning & Design Institute Co.Ltd(301038) rose sharply Lingnan Eco&Culture-Tourism Co.Ltd(002717) and other daily limits
The water conservancy construction sector had a strong intraday trend on the 6th, with Chengbang Eco-Environment Co.Ltd(603316) , Lingnan Eco&Culture-Tourism Co.Ltd(002717) , Zhengping Road & Bridge Construction Co.Ltd(603843) , Ningbo Construction Co.Ltd(601789) , Guangdong No.2 Hydropower Engineering Company Ltd(002060) and other limit increases, and Shenzhen Water Planning & Design Institute Co.Ltd(301038) , Shandong Longquan Pipeline Engineering Co.Ltd(002671) , Zhejiang Communications Technology Co.Ltd(002061) , Shandong Donghong Pipe Industry Co.Ltd(603856) and other gains were higher.
In terms of news, recently, plans related to water conservancy construction have been intensively released. The Ministry of water resources recently issued the guiding opinions on the implementation of major national water network projects, and the general office of the Ministry of water resources issued the implementation plan for the implementation of major national water network projects during the 14th Five Year Plan period, which defined the main objectives of accelerating the construction of major national water network projects, Focus on improving the optimal allocation system of water resources and systematically deploy various tasks and measures.
The guiding opinions require that a number of national water network backbone projects be built by 2025, and the construction of provincial, city and county water networks be implemented in an orderly manner to further improve the ability of water security. In terms of improving the optimal allocation system of water resources, a number of major water diversion and transfer projects and key water source projects have been completed, with a new water supply capacity of 29 billion cubic meters; The guarantee level of water supply in urban and rural areas was further improved, and the popularization rate of tap water in rural areas reached 88%; The backbone irrigation and drainage engineering system of large and medium-sized irrigation areas has been gradually improved, with an additional and restored effective irrigation area of 15 million mu; The level of digital, networked, intelligent and refined dispatching has been effectively improved.
No. 1 central document has proposed that water conservancy investment will reach four trillion in the next ten years. By 2018, the investment in water conservancy construction has exceeded four trillion yuan, and the four trillion investment target in two years ahead of schedule will be achieved in 2018, according to the letter of China Securities, which is an important part of China’s “two new and heavy” construction goals. “” is the first to be built in. The annual investment scale has increased significantly in the past few years, from 545.2 billion yuan in 2015 to 757.6 billion yuan in 2021. The annual investment scale has remained above 700 billion yuan for three consecutive years from 2019 to 2021. According to the information of the Ministry of water resources, in 2021, China will invest 757.6 billion yuan in water conservancy construction; 67 of 150 major water conservancy projects have been approved and 62 have been started in total; 11000 kilometers of small and medium-sized rivers have been treated, and 175 key mountain torrents and gullies have been treated; The rural tap water penetration rate reached 84%, the maintenance of 99000 rural water supply projects was completed, and 512 large and medium-sized irrigation areas were continued to be built and modernized.
The agency said that the rapid growth of China’s investment in water conservancy construction has a very obvious pulling effect on relevant industries. Water conservancy investment plays a great role in stabilizing growth, expanding domestic demand and stabilizing employment. In May 2020, the government work report included water conservancy investment in the “two new and one heavy”. In July 2020, the national standing committee studied and deployed 150 major water conservancy projects in 2020-2022, and clearly proposed that major water conservancy investment can only be strengthened and cannot be weakened. In the 2020 government report, it was proposed to focus on supporting the “two new and one heavy” construction, including strengthening the construction of major projects such as transportation and water conservancy, The central economic work conference in December 2021 still emphasized two new and one heavy construction, and the water conservancy investment welcomes the development dividend again. In the future, the scale of water conservancy investment is considerable. It is suggested to pay attention to Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Anhui Construction Engineering Group Corporation Limited(600502) of high-quality projects in the water conservancy sector and Gansu Engineering Consulting Group Co.Ltd(000779) of Water Conservancy Survey and design in Northwest China.
the pesticide sector rose, and the national pesticide industry development plan for the 14th five year plan was released
Boosted by favorable policies, the pesticide sector rose on the 16th. In terms of news, the Ministry of agriculture and rural areas and other eight departments jointly issued the national pesticide industry development plan in the 14th five year plan. The plan proposes that by 2025, the pesticide industry system will be more perfect, the industrial structure will be more reasonable, the supporting role for agricultural production will be continuously strengthened, and the level of green development and high-quality development will be continuously improved. Promote the merger and reorganization, transformation and upgrading of pesticide production enterprises, become bigger and stronger, and cultivate a number of competitive large and medium-sized production enterprises. By 2025, efforts will be made to cultivate 10 enterprises with an output value of more than 5 billion yuan, 50 enterprises with an output value of more than 1 billion yuan and 100 enterprises with an output value of more than 500 million yuan, and the output value of pesticide production enterprises in the park will be increased by 10 percentage points.
The plan also proposes that, according to the overall layout of national and provincial chemical parks (industrial parks), pesticide enterprises should be guided to settle in compliance parks that meet the industrial positioning and carry out planning environmental impact assessment in accordance with the law, give full play to the advantages of the park’s location and industrial chain, promote the optimization and strengthening of the industry, strengthen the withdrawal of high-risk and high pollution production capacity, and control excess production capacity. In the eastern coastal areas, stabilize the development of pesticides in chemical parks, moderately expand the scale of advantageous parks, focus on the creation and production of chemical pesticides, and eliminate backward production capacity. The central and western regions should strengthen the comprehensive evaluation of pesticide projects in the park and strictly control the production license. Give priority to the development of biological pesticide industry and chemical pesticide preparation processing, and moderately develop chemical pesticide technical drug enterprises. Strictly control the construction of pesticide production projects in environmentally sensitive areas such as the Yangtze River economic belt, the Yellow River Basin and key rivers and lakes.
Shengang Securities pointed out that under the background of prominent food security problems and continuous improvement of exports, the prosperity of the pesticide industry is expected to continue. Globally, the pesticide industry presents an oligopoly pattern. After years of fierce competition and major mergers and acquisitions, the concentration of the world pesticide industry has become more and more obvious. Although the overall output of pesticides in China is in the forefront of the world, the industry concentration is low. With the intensification of industry competition and the increasing pressure of environmental protection, China’s pesticide industry is entering a new round of integration period, and the industry concentration is expected to be further improved in the future.
The agency believes that there is still much room for improvement in pesticide demand in the future. On the one hand, pesticides can ensure national food security when the area of cultivated land is limited. According to the calculation of FAO, the use of pesticides can cause an average annual food loss of 30% – 40%. Increasing the yield per unit area by applying pesticides can increase the food supply. On the other hand, the improvement of pesticide exports also has a positive impact on demand. China’s China’s one belt, one road agriculture, will become a region where the growth of pesticide exports will increase as the total volume of pesticide exports accounts for about 60% of the total pesticide production in China. With the entry of RCEP and the signing of the trade agreement, the agriculture along the way will become larger than the major countries.
Shengang securities mentioned that with the intensification of industry competition and the increasing pressure on environmental protection, the concentration of China’s pesticide industry has gradually increased. Under the background of prominent food security problems and continuous improvement of exports, the prosperity of the pesticide industry is expected to continue next year. It is suggested to pay attention to Jiangsu Yangnong Chemical Co.Ltd(600486) , Lier Chemical Co.Ltd(002258) and other pesticide leading enterprises with high technical barriers and obvious scale advantages.
the big infrastructure fire made this leading stock rise by 7 limits! Organization: the fundamentals of infrastructure industry chain may have positive changes
The sharp rise of infrastructure sector has become an important factor for the strength of the market today. In early trading, Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) 20% limit, which is the second consecutive limit, and the share price hit a new high in nearly two and a half years. More than 10 stocks such as Shenzhen L&A Design Holding Limited(300949) , Hanjia Design Group Co.Ltd(300746) , Zhejiang Southeast Space Frame Co.Ltd(002135) , Shanghai Trendzone Holdings Group Co.Ltd(603030) rose by the limit or more than 10%. Leading stocks Zhejiang Construction Investment Group Co.Ltd(002761) have risen for 8 consecutive days after the Spring Festival, of which 7 days closed the limit, with a cumulative rise of 103.58%, becoming the first stock to double in the year of the tiger; Zhengping Road & Bridge Construction Co.Ltd(603843) has also been trading for five consecutive days recently, and Chengbang Eco-Environment Co.Ltd(603316) has been trading for three consecutive days.
In terms of news, the executive meeting of the State Council recently stressed that we should speed up the construction of new infrastructure and expand effective investment. In fact, under the background of moderately advanced infrastructure investment, in mid December 2021, the Ministry of Finance issued 1.46 trillion yuan of new special bonds in 2022 to all localities in advance. After the Spring Festival holiday, the centralized commencement ceremony of provincial key construction projects has been held in Hubei Province, Fujian Province, Shaanxi Province and other places. “Infrastructure construction” has also become a hot word in the recent news broadcast.
Statistics show that in January 2022, the scale of local bonds issued by various regions was 698.9 billion yuan, an increase of 336.564 billion yuan over the same period last year, almost doubling. In terms of purpose, the special debt for urban and rural, municipal and industrial park infrastructure accounts for 42.2%; Transportation infrastructure construction accounts for 18.3%, and nearly 60% is directly invested in infrastructure construction.
Although the construction of infrastructure projects after the festival is in full swing, and relevant stocks have also increased significantly, from the perspective of the whole infrastructure sector, its valuation is at the lower middle level of history in terms of P / E ratio and P / B ratio. Up to now, the P / E ratio of the infrastructure engineering index is less than 10 times, and the P / B ratio fluctuates only about 1 times, both at historical lows. The overall dividend yield of the infrastructure sector is about 2.01%, much higher than the average level of a shares.
Citic Securities Company Limited(600030) said that it is expected that the issuance of new special bonds in the first quarter will be more than 1 trillion. After considering the balance of special bonds last year and the constraints of urban investment and financing, it is expected that the growth rate of infrastructure investment in the first half of this year will be more than 5%, and it is expected to reach 10% in an optimistic situation. The infrastructure industry chain may usher in extreme changes in the basic area. At present, the overall sector is undervalued and low allocation.
in 2021, the revenue of the Internet of vehicles industrial chain in Tianjin increased by 9.8% year-on-year, and will build 2 to 3 Internet of vehicles industrial clusters (with shares)
Tianjin Daily reported that on the 15th, it was learned from Tianjin Bureau of industry and information technology that in 2021, the operating revenue of the city’s Internet of vehicles industrial chain increased by 9.8% year-on-year, promoting the construction of a number of key projects such as Jingwei Hengrun R & D headquarters project and vehicle road coordination project in the pilot area. At present, the national vehicle networking pilot area of Xiqing District has completed the transformation of vehicle road coordination function of more than 60 holographic sensing intersections, and realized the large-scale deployment of equipment interconnection of multiple manufacturers for the first time. By 2023, Tianjin will build two to three Internet of vehicles industrial clusters and cultivate a number of leading enterprises with strong strength. The area covered by Internet of vehicles application scenarios will not be less than 600 square kilometers.
China International Capital Corporation Limited(601995) pointed out that intelligent and networked dual wheel drive ushered in major opportunities for the automotive industry. At present, a new round of changes in the global science and technology industry is booming. As an important carrier of scientific and technological innovation, intelligent networked vehicles are promoting profound changes in the form of automobile industry, transportation mode, energy consumption structure and social operation mode. As two parallel technical routes, Internet of vehicles and single vehicle intelligence will accelerate the deep coupling with the layout rhythm of intelligent Internet connected vehicles, and realize full automatic driving through collaborative perception, decision-making and control, so as to bring new development opportunities for the global automobile industry.
Minsheng Securities believes that the intelligent Internet connection continues to penetrate, and the policy overweight helps the implementation of cart networking. We estimate that the proportion of retail sales of intelligent Internet connected passenger vehicles shows an upward trend as a whole. At present, the monthly penetration rate has exceeded 12%, of which the penetration rate of new energy vehicles remains at more than 30%, and that of fuel vehicles shows an upward trend as a whole, which is nearly 10%. The policy direction has shifted to promote the landing of the Internet of vehicles. We have combed the relevant policies of the Internet of vehicles in recent years. Combined with the recent statements of the Ministry of industry and information technology and other departments, we believe that the policy orientation of the Internet of vehicles has gradually shifted from putting forward objectives, formulating specifications and developing core technologies to accelerating deployment and landing applications. With the implementation of policy guarantee and the establishment of the Internet of vehicles demonstration area, the overall layout of the Internet of vehicles is expected to accelerate. In addition, the Internet of vehicles is still at an early stage of development, and there is broad space for downstream applications.
The agency pointed out that under the accelerated penetration of automotive intelligent network, it is expected to bring investment opportunities in many fields: Baidu group, a leading enterprise in the field of single vehicle intelligence and vehicle road coordination, is recommended to pay attention to the omni-directional layout of vehicle road cloud map; Under the promotion of on-board information entertainment and automatic driving of passenger cars, it is recommended to recommend the leading of automobile intelligent network Huizhou Desay Sv Automotive Co.Ltd(002920) ; The use of on-board electronic products is increased due to the automobile intelligent network. The upstream copper clad laminate faucet Shengyi Technology Co.Ltd(600183) is recommended; Recommendations in the field of commercial vehicle networking and intelligent assisted driving Hangzhou Hopechart Iot Technology Co.Ltd(688288) , Streamax Technology Co.Ltd(002970) ; It is recommended to pay attention to the manufacturers of on-board / roadside terminal products Gosuncn Technology Group Co.Ltd(300098) under the accelerated deployment of OBU and RSU.
