Follow up comments
On February 22, 2022, the Shanghai Composite Index closed at 3457.15 points, down 0.96%; Shenzhen composite index closed at 13297.11 points, down 1.29%. The Chongqing composite index, which we focus on, closed at 3640.32 points, down 2.42%; Sichuan composite index closed at 9131.80 points, down 0.35%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Yimikang Tech.Group.Co.Ltd(300249) (300249, 20.02%), Sichuan Yahua Industrial Group Co.Ltd(002497) (002497, 9.99%), Westone Information Industry Inc(002268) (002268, 8.60%). The 42 companies we focused on fell by an average of 0.90%, of which the top three stocks were: Sichuan Yahua Industrial Group Co.Ltd(002497) (002497, 9.99%), Westone Information Industry Inc(002268) (002268, 8.60%), Tongwei Co.Ltd(600438) (600438, 5.66%). By industry, the top three sectors in Sichuan and Chongqing are nonferrous metals (1.96%), computers (1.29%) and basic chemical industry (0.94%).
Sichuan Province officially released the list of major projects of Chengdu Demai funded co urbanization development and Chengdu metropolitan area construction in 2022, including 194 projects, with a total investment of 1224.13 billion yuan and an annual planned investment of 106.01 billion yuan. Among them, there are 72 infrastructure projects, with a total investment of 739.32 billion yuan and a planned investment of 49.42 billion yuan in 2022; 81 industrial development projects, with a total investment of 309.99 billion yuan and an annual planned investment of 44.86 billion yuan; 25 public service projects, with a total investment of 61.26 billion yuan and an annual planned investment of 9.4 billion yuan; There are 16 ecological and environmental protection projects, with a total investment of 123.76 billion yuan and an annual planned investment of 2.44 billion yuan. With the continuous promotion of the construction of Chengdu Chongqing twin city economic circle, a large number of construction projects will be started this year, continuously releasing a large number of infrastructure needs, which will benefit the infrastructure related industrial chain enterprises in Sichuan and Chongqing. In addition, with the successive construction of several planned industrial parks, it will lay a good foundation for the development of high-tech, new energy and other industries, and promote the rapid growth of related industries in Sichuan and Chongqing.
Industry dynamics
According to the data released by Sichuan Provincial Department of economy and information technology, in 2021, the province’s food and beverage industry achieved an operating revenue of 1003.02 billion yuan, an increase of 10.3%, with a total increase of 183.04 billion yuan over the end of 2018, officially stepping into a trillion level industry. Among them, 4 industries, including Shenzhen Agricultural Products Group Co.Ltd(000061) intensive processing, high quality Baijiu, refined Sichuan tea and medicine health, respectively realized 480 billion 400 million yuan, 345 billion 140 million yuan, 24 billion 580 million yuan and 175 billion 700 million yuan respectively, operating 7.4%, 14%, 5.1% and 11.4% respectively, and the Baijiu, a high quality liquor and pharmaceutical health industry, increased by 24.9% and 22% respectively. (China News Network)
Company dynamics
Sichuan Yahua Industrial Group Co.Ltd(002497) (002497): issued the annual performance express of 2021 and the performance forecast of the first quarter of 2022. In 2021, the company achieved an operating revenue of 5.234 billion yuan, a year-on-year increase of 60.99%, and a net profit attributable to shareholders of listed companies of 925 million yuan, a year-on-year increase of 185.50%. In the first quarter of 2022, the company expects to realize a net profit of 900-1.200 billion yuan for shareholders of listed companies, with a year-on-year increase of 1053.67% – 1438.22%.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
