Today (February 17), A-Shares rose and fell, and the performance of gem index was relatively strong. On the disk, in terms of industries, energy metals, precious metals, wind power, environmental protection, utilities, semiconductors, power equipment and other industries led the increase; Industries such as department store, aviation, media, hotel, real estate, tourism, etc. In terms of theme stocks, lithium extraction from Salt Lake, blade battery, phosphorus chemical industry, medical waste treatment, power battery recycling, virtual power plant and energy storage led the increase, while the concept of civil explosion, online tourism, NFT concept, blind box economy, virtual digital man, tax-free concept and vocational education led the decline.
the trend of energy storage and photovoltaic concepts was active Fujian Yongfu Power Engineering Co.Ltd(300712) , Guangzhou Great Power Energy&Technology Co.Ltd(300438) and other rose sharply
The energy storage and photovoltaic concepts had an active intraday trend on the 17th. As of the press release, the energy storage concepts, Jinyuan Ep Co.Ltd(000546) , Shandong Fengyuan Chemical Co.Ltd(002805) rose by the limit, Fujian Yongfu Power Engineering Co.Ltd(300712) , Guangzhou Great Power Energy&Technology Co.Ltd(300438) , Shenzhen Kstar Science & Technology Co.Ltd(002518) , Pylon Technologies Co.Ltd(688063) , Ningbo Deye Technology Co.Ltd(605117) and so on; In terms of photovoltaic concept, Shenzhen Sunrise New Energy Co.Ltd(002256) , Ginlong Technologies Co.Ltd(300763) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Spic Dongfang Energy Corporation(000958) are outstanding.
For the photovoltaic industry, Shanxi Securities Co.Ltd(002500) said that some photovoltaic enterprises have recently released performance forecasts for 2021. According to the information released at present, the upstream and downstream profits of the photovoltaic industry are differentiated in 2021. The overall profits of enterprises in the silicon material and silicon wafer link are good, and most professional battery, module manufacturers and some auxiliary material enterprises have losses. In addition, in the module and silicon wafer link, The profitability gap between leading enterprises and second and third tier enterprises tends to widen. The Minister of finance of India will raise the import tariff of PV modules to 40% in the medium term, which will stimulate the construction of PV modules in India. From April to April, the Minister of finance of India will propose a certain incentive plan for the construction of PV modules in the short term, which will stimulate the import demand of Indian enterprises. Long term optimistic about the leader of vertical integrated components and the leading inverter enterprises with leading layout in the field of energy storage: Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) , Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) .
For the energy storage industry, Everbright Securities Company Limited(601788) pointed out that energy storage is currently in a period of accelerated development, and the development of energy storage outside China has increased significantly. It is estimated that the growth rate of the energy storage industry will exceed 100% in 2022, and the global installed capacity of electrochemical energy storage is expected to be about 20-25 / 50 / 80gwh from 2021 to 2023. Compared with other sectors of Dianxin, energy storage is still the segment track with the fastest growth rate. If the energy storage data further exceeds expectations after the first quarterly report is released, the valuation “anchor” of energy storage is expected to rise. At present, the overall allocation value of the sector is gradually emerging. In addition, the current development of new technologies such as iron chromium flow battery has little impact on the energy storage route of lithium-ion battery represented by Contemporary Amperex Technology Co.Limited(300750) . At present, the energy storage is mainly based on the short-term energy storage configuration of 1-2 hours. Compared with other new energy storage routes, the comprehensive cost of lithium-ion battery route is lower. Iron chromium liquid flow battery and all vanadium liquid flow battery have great development potential in the field of long-term energy storage.
gold concept stocks fluctuated higher Western Region Gold Co.Ltd(601069) and other trading limits. The international gold price hit an eight month high
Gold concept stocks rose in intraday shock on the 17th, Jinyuan Ep Co.Ltd(000546) , Western Region Gold Co.Ltd(601069) and other trading limits, Hunan Gold Corporation Limited(002155) , Zhongrun Resources Investment Corporation(000506) , Beijing Kingee Culture Development Co.Ltd(002721) , Chenzhou City Jingui Silver Industry Co.Ltd(002716) , Shandong Gold Mining Co.Ltd(600547) , Shandong Humon Smelting Co.Ltd(002237) , China National Gold Group Gold Jewellery Co.Ltd(600916) and other gains were higher. On the news front, Comex April gold futures rose 0.8% on Wednesday to US $1871.50/ounce, the highest closing price since June 11, 2021.
According to the statistics of the U.S. Department of labor, the year-on-year growth rate of CPI in the United States in January 2022 was 7.5%, the highest level since March 1982, higher than the expected value of 7.3% and the previous value of 7%.
East Asia Qianhai Securities pointed out that according to the statistics of the World Gold Council, the nominal return of gold in the market environment of low inflation (the year-on-year growth rate of us CPI is less than or equal to 3%) is about 6.38%, while in the market environment of high inflation (the year-on-year growth rate of us CPI is greater than 3%), the nominal return of gold is about 15.35%. Gold not only has certain benefits under different inflation conditions, but its benefits are more obvious under high inflation conditions. The anti inflation attribute of gold is still excellent. Therefore, in the medium and long term, gold prices are expected to rise further against the background of continued high inflation in the United States.
The agency believes that in the context of the continuous spread of the global epidemic, the uncertainty of the future economic situation still exists. On the other hand, geopolitical conflicts such as the Ukrainian issue continue to emerge, exacerbating global market volatility. As a result, global economic uncertainty has increased and gold prices are poised. Under the high operation of gold price, relevant gold production enterprises may benefit, such as: Zijin Mining Group Company Limited(601899) , Chifeng Jilong Gold Mining Co.Ltd(600988) , Yintai Gold Co.Ltd(000975) .
shipping prices soared for two years, and the freight rate may still be high this year. The list of concept stocks is released
According to the financial report of China Central Television, shipping prices have soared for two years due to the imbalance between supply and demand caused by the global epidemic. According to the public data of Shanghai Airlines exchange, the “arrival and departure service reservation rate” of global trunk routes from Asia to the west coast of the United States in January was only 11%, which continued to maintain a low level. At present, Ningbo’s export container freight rate index has increased by more than 74% compared with the same period last year, which is more than four times that of the same period in 2020. The poor supply chain has exacerbated the contradiction between supply and demand. According to the judgment of industry insiders, from the perspective of shipping demand and capacity supply, it is expected that the overall freight rate will remain high in 2022.
Statistics show that there are 13 concept stocks in A-Shares that are mainly engaged in maritime business. Since the Spring Festival, maritime concept stocks have generally risen, with an average increase of 5.61%, with Cosco Shipping Energy Transportation Co.Ltd(600026) , Cosco Shipping Development Company Limited(601866) , China Merchants Energy Shipping Co.Ltd(601872) rising the most, up 16.18%, 9.83% and 9.54% respectively. Four maritime concept stocks have also won the favor of northbound capital, of which Cosco Shipping Holdings Co.Ltd(601919) , Cosco Shipping Development Company Limited(601866) have bought more than 20 million shares this month.
In terms of institutional attention, some maritime concept stocks are favored by institutions. Statistics show that four maritime concept stocks have been rated by more than five institutions, including Cosco Shipping Holdings Co.Ltd(601919) , Cosco Shipping Energy Transportation Co.Ltd(600026) , China Merchants Energy Shipping Co.Ltd(601872) , Shanghai Zhonggu Logistics Co.Ltd(603565) .
this year’s shipment of AR / VR devices may exceed expectations, and high-quality content developers in the media field are expected to usher in new development opportunities
According to trendforce Jibang consulting research, the shipment of AR / VR devices will be upgraded to 14.19 million units in 2022, with an annual growth rate of 43.9%. The growth momentum comes from the increased demand for long-distance interaction of the epidemic and the price reduction strategy of oculus Quest 2.
Microsoft hololens 2 and oculus Quest 2 rank first in AR and VR respectively.
Guosheng Securities pointed out that after experiencing the trough period from 2016 to 2019, the VR / AR industry will achieve steady development in 2020, and the overseas consumer VR market will be gradually opened. The path for the industry to open the flywheel may be “technological progress – hardware experience upgrading – increase in the number of users – increase in the sales of software / content manufacturers – improvement of content Ecology – increase in the number of users”. In this path, user experience is the key pain point, and the launch of subversive terminal (oculusquest2), content / application (3a masterpiece “halflife: alyx” and leisure game “beat Saber” has become the core catalyst. At present, the “flywheel” of consumer VR / AR industry has begun to rotate initially.
The hardware side is an ecological entrance, and the leading manufacturers include: (1) Internet manufacturers: the platform side has the advantages of user ecology, and mostly enter the hardware market through investment and M & A, including meta (oculus accounts for 75%, realitylab’s annual revenue of US $2.274 billion in 21), byte beat (Pico’s top 3 market share in China), valve (steamvr platform + halflife: alyx content advantage) Iqiyi (film and television resources + hardware, China’s top 5 market share). (2) Consumer electronics manufacturers: their main products are interconnected with VR head display in the industrial chain and have the ecological advantages of end users, including host manufacturers Sony (PSVR’s global market share is top 3), htcvive (commercial pcvr’s leading), Huawei (lightweight VR split head display), apple (deep cultivation of underlying technology, VraR head display is under research). Hardware manufacturers combine their own advantages and focus on the layout of the whole industrial chain of “bottom technology – terminal equipment – Software – content application”. At present, the industry concentration is high. For consumer VR all-in-one machines, cost-effective devices open the market, and the content ecology of distribution platform has become the key to manufacturer differentiation. In the future, the birth of phenomenal terminal equipment and content applications will also bring strong catalysis to the sector. For the media internet field, high-quality content developers are expected to usher in new development opportunities under the change of technology. Suggestions: Tencent, Netease, iqiyi, Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) , Perfect World Co.Ltd(002624) , G-Bits Network Technology(Xiamen)Co.Ltd(603444) , Wuxi Boton Technology Co.Ltd(300031) , Guangzhou Wahlap Technology Corporation Limited(301011) , Shanghai Fengyuzhu Culture Technology Co.Ltd(603466) .
the national pesticide industry development plan of the 14th five year plan is issued, and the prosperity of the pesticide industry is expected to continue
On February 16, the Ministry of agriculture and rural areas and other eight departments jointly issued the national pesticide industry development plan for the 14th five year plan, which proposed 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.
Shengang Securities pointed out that from a global perspective, 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.
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.
With the intensification of industry competition and the increasing pressure of 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. It is suggested to pay attention to Jiangsu Yangnong Chemical Co.Ltd(600486) , Lier Chemical Co.Ltd(002258) and other leading pesticide enterprises with high technical barriers and obvious scale advantages.
the special plan for the development of aviation logistics in the 14th five year plan was released. Pay attention to the leading companies related to the industrial chain
China Central Television reported that the Civil Aviation Administration officially released the special plan for the development of aviation logistics in the 14th five year plan at a press conference held on February 16, which is the first time that China’s civil aviation has prepared a special plan for the development of aviation logistics. The plan specifies that by 2025, CAAC will initially build a safe, intelligent, efficient and green aviation logistics system, significantly enhance the aviation logistics support capacity, reduce costs and increase efficiency, significantly improve the independent and controllable ability of the system, and continuously improve the service capacity of aviation logistics for high-end manufacturing, postal express, cross-border e-commerce and other industries.
Anxin Securities believes that in the post epidemic era, with the development trend of cross-border e-commerce and the double upgrading of China’s consumption and industrial structure, aviation demand is expected to obtain long-term growth power. The epidemic has given birth to the globalization of “residential economy”, and cross-border e-commerce has ushered in an outbreak. Under the normalization of the epidemic, China’s manufacturing environment is stable and its supply chain system is perfect. It still has comparative advantages in the world. It is believed that the trend of domestic goods going to sea and the export of high-tech products is expected to remain. It is estimated that cross-border e-commerce is expected to bring 600-900 billion market space to aviation logistics. In addition, China’s industrial upgrading, the steady improvement of residents’ consumption level, and the demand for high value-added and time-effective products will also drive the growth of air cargo demand.
Policies support the high-quality development of air cargo and pay attention to the air cargo industry chain. Compared with the professional cargo aviation hub, aviation logistics enterprises and huge cargo aircraft capacity resources in the United States, China has obvious shortcomings. The epidemic has prompted the state to pay a significant increase in the importance of air cargo. In the future, policies are expected to continue to support the introduction of cargo aircraft, the operation of large air cargo hubs and the operation of air cargo enterprises, so as to ensure the stability of China’s and global supply chains. It is suggested to focus on the development opportunities of the air cargo industry chain, including relevant air logistics enterprises, express delivery enterprises and freight forwarding logistics enterprises. Highlight the leading companies related to the industrial chain: S.F.Holding Co.Ltd(002352) (the largest cargo airline operating in China + the largest cargo owner of air cargo in China); It is suggested to pay attention to: Cts International Logistics Corporation Limited(603128) (China’s leading air freight forwarder, which also receives the core resources of cross-border e-commerce logistics of M & a card slot), Eastern Air Logistics Co.Ltd(601156) (the first share of mixed reform of air freight), Yto Express Group Co.Ltd(600233) , JD logistics, Sinotrans Limited(601598) .
