Today (February 18), after A-Shares opened slightly lower, the trend of Shanghai and Shenzhen stock markets differentiated, the Shanghai index fluctuated upward, and the gem index callback slightly. On the disk, in terms of industries, coal, steel, engineering construction, cement and building materials, decoration, communication, port and shipping and other industries led the increase; Precious metals, jewelry, aerospace, shipbuilding, energy metals, wind power equipment, motors and other industries saw a slight correction. In terms of subject stocks, East digital and West computing, data center, covid-19 drugs, cloud computing, rental and sale of the same rights, digital economy, smart city, etc. were among the top gainers, and the concept of civil explosion, lithium extraction from Salt Lake, diamond cultivation, industrial mothermachine, meta universe, etc. were slightly corrected.
the construction sector continued to be active Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) the four-day increase nearly doubled Zhejiang Construction Investment Group Co.Ltd(002761) the 9-day board rose 146%
Recently, the active construction sector strengthened again on the 18th. As of press time, Shenzhen Urban Transport Planning Center Co.Ltd(301091) “20cm” limit, Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) rose by more than 95% in recent four trading days; Nearly 10 stocks, including Shenzhen Capol International&Associatesco.Ltd(002949) , Ningbo Construction Co.Ltd(601789) , Chengbang Eco-Environment Co.Ltd(603316) , Yuancheng Environment Co.Ltd(603388) , Shanghai Yanhua Smartech Group Co.Ltd(002178) , Zhejiang Construction Investment Group Co.Ltd(002761) , rose.
It is worth noting that Zhejiang Construction Investment Group Co.Ltd(002761) has gained 9 trading limits in recent 10 trading days, with a cumulative increase of 146%. The company issued a risk warning on the 16th that the construction industry in which the company is located generally has a long construction period, and there is a certain lag in the completion, acceptance and audit final accounts of the project. Therefore, the balance of the company’s accounts receivable is large, and due to the regulation of the real estate industry, the turnover speed of accounts receivable is slow, so there is a certain risk of accounts receivable recovery.
For the whole sector, Galaxy Securities pointed out that in December 2021, the central economic work conference proposed to carry out infrastructure investment moderately in advance. Since then, various ministries and commissions have expressed their support for infrastructure investment. At the same time, considering the intensive issuance of special bonds in the second half of last year and the amount of special bonds issued in advance this year, the source of capital for infrastructure investment is guaranteed, The growth rate of infrastructure investment is expected to be 5% in the first half of 2022 and 3% in the whole year. This year, the probability of fiscal expenditure is high, and the role of infrastructure construction in supporting the economy is expected to gradually appear. The concentration of the construction industry is improving, and the leading enterprises have obvious competitive advantages in terms of qualification, brand and capital. The concentration may be further improved.
The agency believes that prefabricated buildings have great potential. In September 2016, the general office of the State Council issued the guidance on vigorously developing prefabricated buildings, which proposed to strive to reach 30% of prefabricated buildings in about 10 years. In 2019, the Ministry of housing and urban rural development proposed the development plan of prefabricated buildings. By 2020, the proportion of prefabricated buildings in China will be about 15%. In October, the State Council issued the action plan of promoting the development of new type of green building materials, low-carbon construction and assembly in 2030, and vigorously promoted the development of low-carbon buildings by 2021. In January 2022, the Ministry of housing and urban rural development prepared the “14th five year plan” for the development of construction industry, and proposed that by 2035, the proportion of prefabricated buildings in new buildings will reach more than 30%. Prefabricated buildings are encouraged by policies and have great development potential in the future. It is recommended to pay attention to Anhui Honglu Steel Construction(Group) Co.Ltd(002541) , Hangxiao Steel Structure Co.Ltd(600477) , Zhejiang Southeast Space Frame Co.Ltd(002135) , Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Anhui Fuhuang Steel Structure Co.Ltd(002743) .
covid-19 detection concept force pull up Contec Medical Systems Co.Ltd(300869) , Andon Health Co.Ltd(002432) limit Beijing Hotgen Biotech Co.Ltd(688068) rise
Covid-19 detection concept rose in intraday trading on the 18th. As of press time, Contec Medical Systems Co.Ltd(300869) , Huakang medical “20cm” limit, Andon Health Co.Ltd(002432) limit, Beijing Hotgen Biotech Co.Ltd(688068) , Anxi biology, Zhejiang Orient Gene Biotech Co.Ltd(688298) , Guangzhou Wondfo Biotech Co.Ltd(300482) increased by about 6%, and Hangzhou Biotest Biotech Co.Ltd(688767) and other increases were ahead. On the news, Andon Health Co.Ltd(002432) 17 announced in the morning that as of February 15 local time, the company’s U.S. subsidiary had delivered 177 million copies of ihealth kit products to the contract counterparty, and the U.S. ACC (U.S. Army contract management command) successively paid the company about US $357 million, or about RMB 2.265 billion, for 69.9694 million copies of ihealth kit products.
Contec Medical Systems Co.Ltd(300869) 17 day announcement said the company has obtained the certificate of registration of New Coronavirus antigen detection kit (SARS-CoV-2 Antigen Rapid Test) in the EU authorities. Recently, the above New Coronavirus antigen detection kit has been listed in the list of medical materials enterprises that have obtained the certification or registration of foreign standards, or the white list, which is approved by the China Meheco Group Co.Ltd(600056) health products export chamber, which means that the product has been allowed to sell overseas.
The company said that the above products were included in the “white list” of the export of epidemic prevention products after strict product testing and examination, indicating that the performance of New Coronavirus antigen detection kit was further recognized. It has positive significance for improving the product matrix of the company health field, expanding the category of overseas sales products, and further meeting the global market detection and prevention and control requirements.
the project of “counting from the east to the west” was officially launched, and the organization called the triple logical resonance of digital infrastructure
According to Xinhua news agency, the reporter learned on the 17th that the national development and Reform Commission and other departments jointly issued documents and agreed to start the construction of National Computing hub nodes in Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu and Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, and planned 10 national data center clusters. So far, the overall layout design of the national integrated big data center system has been completed, and the “counting from the east to the west” project has been officially launched.
It means that prosperity (middle term) + Technology (middle term) + 688} long term + capital construction. Focus on the data center and its upstream server + optical module, base station equipment and its upstream PCB. In the short term, the top-level policies of the three modules of digital infrastructure – Data Center (IDC), communication base station and industrial Internet platform have been fully launched.
Citic Securities Company Limited(600030) believes that, as a representative of the new infrastructure, the data center has a long industrial chain, wide coverage and strong driving effect, and is expected to fully benefit from the promotion of the “counting from the east to the west” project. It is suggested to focus on operators, temperature control of machine room, ICT equipment & optical module, optical communication, IDC and other industry leaders, including China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) , Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Unisplendour Corporation Limited(000938) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Zte Corporation(000063) , Zhongji Innolight Co.Ltd(300308) , xinyisheng, Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) , Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) , Shanghai Baosight Software Co.Ltd(600845) , Beijing Sinnet Technology Co.Ltd(300383) , Kehua Data Co.Ltd(002335) , Guangdong Aofei Data Technology Co.Ltd(300738) , etc.
coal sector strengthening organization: the current market seriously underestimates the toughness, elasticity and sustainability of coal demand
On February 18, the coal sector continued to strengthen. As of press time, Anyuan Coal Industry Group Co.Ltd(600397) rose by the limit, Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) , Shanxi Coking Coal Energy Group Co.Ltd(000983) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) and so on.
According to Xinhua news agency, the information from the state owned assets supervision and Administration Commission of the State Council shows that the coal output of central enterprises exceeded 1 billion tons in 2021, reaching a record high. Central power generation enterprises will increase investment in clean energy construction and increase the proportion of clean energy installed capacity. At the same time, they will continue to play the role of the main power generation force of coal-fired power units, reasonably plan the scale of new coal-fired power installed capacity, increase the efficient and clean transformation of existing coal-fired power units, increase the construction of coal reserve bases, and ensure the reasonable level of coal depots.
On February 16, the official website of the Energy Bureau of Inner Mongolia autonomous region showed that the “14th five year plan” for the development of coal industry in Inner Mongolia Autonomous Region was officially issued. The plan proposes that by 2025, Inner Mongolia should significantly enhance the quality of coal supply, significantly improve the level of green development and utilization of resources, significantly improve the protection of ecological environment in mining areas, take the construction of intelligent coal mines to a new level, maintain the national leading level of safety production, and basically build a green, intensive, efficient, intelligent and safe modern coal industry system.
Cinda Securities pointed out that the current market has seriously underestimated the toughness, elasticity and sustainability of coal demand, and the production capacity cycle is down, the supply elasticity converges, and the prosperity and sustainability of the industry are expected to exceed expectations, while the sector valuation is far from reflected. Undervaluation, high performance certainty and considerable dividend income make the coal sector “both offensive and defensive”, and the systematic revaluation of the market has just begun to maintain the “optimistic” rating of the industry. It is suggested to pay attention to three main lines: first, the leader of low value and high dividend power coal; Second, individual stocks with both resource scarcity and significant growth; Third, the state-owned coal group has great potential for extensive expansion brought by improving the asset securitization rate.
Citic Securities Company Limited(600030) pointed out that under the background of intensified fluctuations in international commodity prices, stabilizing China’s commodity prices is of great significance to protect the production and operation of middle and lower reaches enterprises and is an important driving point of the “steady growth” policy. It is expected that China’s production of coal and other commodities will further accelerate.
Haitong Securities Company Limited(600837) said that the steady growth policy has been gradually strengthened, the demand toughness has been enhanced, the logic of the high level of the coal price center remains unchanged, and we continue to be optimistic about the upward movement of the performance center of the sector + the opportunity to improve the valuation. It is suggested to pay attention to three main lines: first, white horse with stable performance and high dividend; Second, the opportunity of coking coal sector driven by the expected improvement of demand; Third, continue to be optimistic about the transformation of coal enterprises.
Baidu “radish run” automatic driving travel service officially landed in Shenzhen (with shares)
Baidu announced that the “radish run” officially landed in Nanshan District, the Central District of Shenzhen, providing automatic driving travel services for citizens. The route covers the core areas such as Shenzhen Bay Vientiane City, Poly Culture Square and talent park. From 9:00 to 17:00 every day, all Shenzhen citizens can carry out automatic driving and car Hailing service on the “radish run” app. This indicates that Baidu, as the first enterprise to enter the field of automatic driving in China, has achieved full service coverage in the first tier cities of Beijing, Shanghai, Guangzhou, Shenzhen and Shanghai.
Citic Securities Company Limited(600030) pointed out that high-level automatic driving can effectively solve many pain points such as the increase of labor cost, traffic safety and the shortage of drivers. At present, the scenes for the landing of automatic driving products can be roughly divided into: 1) urban opening scenes; 2) High speed scene; 3) Close the scene. It is predicted that the potential market space of robotaxi is about 3.2 trillion (calculated by 2040 long-term space), and the total market space of automatic driving of other commercial vehicles is about 3 trillion, including about 1.9 trillion in urban special vehicle market, about 900 billion in high-speed scenes and about 100 billion in closed scenes.
Citic Securities Company Limited(600030) believes that automatic driving is expected to be a trillion level broad market, which is expected to solve many pain points such as the improvement of labor cost, traffic safety and the shortage of drivers, among which the market space of urban opening scene is the largest. With the gradual improvement of laws and regulations, the continuous progress of self driving enterprises’ own technology, the gradual maturity of the upstream of the industrial chain and the close cooperation between downstream OEMs and scene parties, the landing speed of self driving may be accelerated.
Minsheng Securities pointed out that when the turning point of L3 level automatic driving comes, the industrial structure will be further reconstructed, and the industrial chain related to automatic driving will become the investment hotspot in the next stage. It is suggested to pay attention to Huizhou Desay Sv Automotive Co.Ltd(002920) (joint coverage of computer and communication industry); The penetration rate of the chassis by wire in the automatic driving domain is expected to accelerate in the next round of vehicle inventory cycle. It is recommended to focus on Shanghai Baolong Automotive Corporation(603197) and Ningbo Tuopu Group Co.Ltd(601689) for Anhui Zhongding Sealing Parts Co.Ltd(000887) (suspension by wire) and Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) (braking by wire).
the seventh batch of national mining start declaration! These companies “lead”
On February 17, Shanghai Sunshine pharmaceutical procurement network released the notice on filling in the information of the seventh batch of drugs related to centralized drug procurement organized by the state (hereinafter referred to as the notice). From February 18, the declaration of the seventh batch of centralized drug procurement will be officially launched.
As usual, it is expected that the seventh batch of rules and documents of national procurement will be published immediately, and the wonderful on-site quotation of Chinese foreign pharmaceutical enterprises will be repeated again. Insiders predicted to reporters that the seventh batch of centralized purchase plans will be released after the two sessions. The official quotation and bid opening from April to may may may be implemented in the second half of this year.
According to Sinolink Securities Co.Ltd(600109) statistics, among the 58 varieties and 208 product specifications collected in this round, there are about 18 large varieties with a market scale of more than 1 billion; There are 27 kinds of injections, accounting for 46.5%.
The reporter noted that the sales of nifedipine sustained-release and controlled-release dosage forms, meropenem injection and omeprazole injection exceeded 5 billion yuan. Taking nifedipine tablets as an example, according to the data of Intranet, the total sales of terminals of public medical institutions and urban physical pharmacies in China even exceeded 8 billion yuan in 2020.
More than 200 enterprises are involved in this round of centralized purchase report. From the perspective of shortlisted product regulations, Qilu pharmaceutical, Sichuan Kelun Pharmaceutical Co.Ltd(002422) , Zhengda Tianqing, stone Pharmaceutical Group, Chengdu Beite, Haosen pharmaceutical, Luoxin Pharmaceuticals Group Stock Co.Ltd(002793) , Chengdu Easton Bio Pharmaceuticals Co.Ltd(688513) , Beijing Aosaikang Pharmaceutical Co.Ltd(002755) , Jiangsu Hengrui Medicine Co.Ltd(600276) and other Chinese pharmaceutical enterprises have more than 5 shortlisted varieties (including).
