Follow up comments
On February 21, 2022, the Shanghai Composite Index closed at 3490.61 points, down 0.00%; The Shenzhen Component Index closed at 13471.16 points, up 0.09%. The Chongqing composite index, which we focus on, closed at 3730.74 points, up 0.50%; Sichuan composite index closed at 9164.26 points, up 0.88%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Yimikang Tech.Group.Co.Ltd(300249) (300249, 20.04%), Sichuan Xun You Network Technology Co.Ltd(300467) (300467, 20.01%), Chongqing Construction Engineering Group Co.Ltd(600939) (600939, 10.09%). The 42 companies we focused on rose by an average of 1.76%, of which the top three stocks were: Sichuan Huati Lighting Technology Co.Ltd(603679) (603679, 10.00%), Sichuan Yahua Industrial Group Co.Ltd(002497) (002497, 8.72%), Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (300504, 6.79%). By industry, the top three sectors in Sichuan and Chongqing were Electronics (4.54%), household appliances (4.11%) and media (3.48%).
Chongqing Municipal Commission of economy and information technology announced that it will launch the intelligent enabling action of the city’s manufacturing industry this year. It plans to implement 1250 intelligent transformation projects throughout the year and add 15000 enterprises to the cloud. Specifically, the whole action mainly involves four aspects: new infrastructure construction, digital transformation of manufacturing industry, integrated application of information technology and manufacturing industry and improvement of industrial development ecology. The empowerment action plan is to build three characteristic professional industrial Internet platforms, 10 intelligent factories, 100 digital workshops, 40 new application demonstration projects, 10 innovation demonstration intelligent factories and 10 “5g + industrial Internet” pilot application demonstration projects. In recent years, with the blowout development of digital technology, data has gradually become one of the key elements of industrial development. With the help of big data, various industries can further improve resource utilization efficiency and reduce unnecessary resource waste, so as to save enterprise costs, improve enterprise profitability and realize high-quality development of enterprises. Promoting the digital transformation and upgrading of regional industries, on the one hand, will help promote the rapid development of industries in Sichuan and Chongqing, on the other hand, promote the digital transformation, and provide new opportunities for the development of regional new infrastructure industrial chain and related enterprises in the subdivided field of digital economy.
Industry dynamics
The Sichuan provincial government deliberated and approved the layout plan of Sichuan Provincial Expressway Network (2022-2035), which aims at the needs of the regional economic layout of “one axis, two wings and three belts” in the province. On the basis of the existing road network layout, the layout is carried out according to the idea of “strengthening the main axis, compacting the two wings, unblocking the three belts and linking the three states”. It is clear that the expressway network layout composed of 20 Chengdu radiation lines, 13 vertical lines, 13 horizontal lines, 4 ring lines and 44 connecting lines will be formed. The total planned scale is about 20000 kilometers, an increase of 2200 kilometers compared with the 2019 plan, and 1700 kilometers of long-term prospect line. (China News Network)
Company dynamics
Chongqing port (600279): the announcement on capital increase of Chongqing Chemical Terminal Co., Ltd. is issued. Chongqing port and China aviation oil logistics company plan to increase the cash capital of chemical code company by 241445400 yuan according to the shareholding ratio, including 15693951 yuan for Chongqing port and 8450589 yuan for China aviation oil logistics company.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
