Index tracking
[Shanghai and Shenzhen composite index] Shanghai Composite Index rose 0.93% to close at 3489.15 points; The Shenzhen Component Index rose 1.90% to close at 13549.99; The gem index rose 2.82% to close at 2843.87.
[industry tracking] industry: 23 industries rose and 7 industries fell. Among them, electronics, power equipment and national defense industry sectors led the increase, with increases of 4.17%, 3.40% and 3.33% respectively; Without them, agriculture, forestry, animal husbandry and fishery, petroleum and petrochemical sectors led the decline, with a decline of – 1.50%, – 1.47% and – 1.21%.
Comments
The electronics sector led the gains. At the valuation level, since this year, the semiconductor sector has been affected by the rise in the yield of 10-year US bonds, and the valuation has been restrained to a certain extent. The sector has fallen greatly, and the valuation has fallen relatively low in recent years, with a certain margin of safety; From the perspective of supply and demand, Ukraine is a major supplier of semiconductor raw material gas. The conflict between Russia and Ukraine makes the market worried about the semiconductor supply chain; In terms of performance, the 2021 performance express was released at Kingsemi Co.Ltd(688037) on the evening of the 22nd. The operating revenue in 2021 was 829 million yuan, a year-on-year increase of 151.95%; The net profit attributable to the parent company was 77.1918 million yuan, with a year-on-year increase of 58.09%. Good profits urged the sector to strengthen. In terms of individual stocks, Konfoong Materials International Co.Ltd(300666) , Kingsemi Co.Ltd(688037) , Naura Technology Group Co.Ltd(002371) and other individual stocks rose by the limit.
The power equipment sector increased significantly, among which the photovoltaic sector increased significantly. On February 22, Longji adjusted the official price of silicon wafer, 182-165 μ m6. 5 yuan / piece, an increase of 0.12 yuan / piece compared with the quotation at the end of January. The rising price of silicon wafers led to the strengthening of the sector. In addition, the overall decline of photovoltaic, wind power and lithium battery sectors has been large this year, but the prosperity of the industry still exists, and the current overall valuation is relatively reasonable. In terms of individual stocks, Hangzhou Cable Co.Ltd(603618) , Wuxi Shangji Automation Co.Ltd(603185) , Clenergy(Xiamen)Technology Co.Ltd(603628) and other individual stocks rose by the limit.
The concept of digital village is stronger. On February 22, the opinions of the CPC Central Committee and the State Council on the key work of comprehensively promoting rural revitalization in 2022 was officially released, proposing to vigorously promote the construction of digital countryside. Promote Jiangsu Nonghua Intelligent Agriculture Technology Co.Ltd(000816) development and promote the integrated application of information technology and agricultural machinery and agronomy. Strengthen the training of farmers’ digital literacy and skills. Digital technology can empower rural public services and promote Internet plus government services to extend to rural areas. Under the catalysis of the news, the sector strengthened. In terms of individual stocks, Hengfeng Information Technology Co.Ltd(300605) , Guangxi Radio And Television Information Network Corporation Limited(600936) , Zjamp Group Co.Ltd(002758) and other stocks rose by the limit.
Outlook
Today, the turnover of the two cities returned to more than trillion yuan, with a net inflow of 1.422 billion yuan from the north. At present, the impact of overseas risk disturbance on the Chinese market is gradually slowing down. At the same time, after nearly two months of correction, the overall valuation of A-Shares is relatively reasonable and has a certain margin of safety. At the market level, it is currently entering the disclosure period of the annual report and the pre disclosure period of the first quarterly report. It is suggested to pay attention to the direction of reasonable valuation and excellent performance, such as nonferrous metals, East digital West computing, infrastructure, electronics, etc.
Risk warning: the profit of the enterprise is less than expected; Increased volatility in overseas markets; Systemic risk
