Today (February 25), A-Shares opened higher and went higher, and then maintained a high shock pattern. On the disk, in terms of industries, medical treatment, electric power, logistics, shipping ports, steel and other industries led the increase; Precious metals, coal, aerospace and petroleum made up the decline. In terms of theme stocks, CRO, medical beauty, photovoltaic building integration, assembly building and immunotherapy led the rise, and the cultivation of diamond, gold concept and other small pullbacks.
covid-19 drug and CXO concept broke out, and Chengda pharmaceutical’s “20cm” limit Aba Chemicals Corporation(300261) rose sharply
Covid-19 drug concept had a strong intraday trend on the 25th. As of press time, Chengda pharmaceutical’s “20cm” limit rose, Aba Chemicals Corporation(300261) , Hybio Pharmaceutical Co.Ltd(300199) , Xinxiang Tuoxin Pharmaceutical Co.Ltd(301089) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) and other gains were ahead; CXO concept broke out, Shanghai Medicilon Inc(688202) , Porton Pharma Solutions Ltd(300363) , Joinn Laboratories (China) Co.Ltd(603127) , Zhejiang Jiuzhou Pharmaceutical Co.Ltd(603456) and other outstanding performances; Covid-19 detection concept is also active, Guangzhou Kingmed Diagnostics Group Co.Ltd(603882) limit, Zhejiang Orient Gene Biotech Co.Ltd(688298) , Hangzhou Biotest Biotech Co.Ltd(688767) and other increases are higher.
On the news side, the US pharmaceutical supply chain security review announced to encourage investment and advanced manufacturing. The agency believes that the United States maintains the stability of the basic drug supply chain by encouraging investment and other means, which has a limited medium and short-term impact on Chinese api and preparation export companies. In the medium and long term, it further strengthens the impact of advanced production processes / technologies such as continuous flow and automation on the global market share of pharmaceutical manufacturing companies.
Zheshang Securities Co.Ltd(601878) believes that the United States maintains the safety of the supply chain of basic drugs by encouraging investment, which has limited impact on China in the medium and short term. It is mainly based on ① the standardized market registration and change cycle of API and other products is generally more than 1.5 years. After considering the time cycle of investment and construction and customer audit (2 years +), the short-term impact is limited; ② The advantages of Chinese API / intermediate exports are mostly concentrated in large tonnage varieties. Under the conditions of chemical supporting + economies of scale + whole industry layout, the cost and quality advantages of Chinese api companies are difficult to subvert in the short term. However, in the medium and long term, by encouraging the construction of high-end production capacity such as continuous flow and automation, the United States may significantly reduce production and manufacturing costs by means of new technology routes and new processes.
In the medium and short term, the agency believes that the United States has a limited impact on the performance of Chinese companies by encouraging investment and other ways to ensure the safety of the API and preparation supply chain, and the manufacturing scale advantage of Chinese companies in large tonnage characteristic API varieties is difficult to be replaced in the short term. From the medium and long-term perspective, we are more optimistic about companies with relatively high short-term R & D investment and leading layout of potential platform production technologies such as continuous flow / enzyme catalysis. We recommend Zhejiang Jiuzhou Pharmaceutical Co.Ltd(603456) , Apeloa Pharmaceutical Co.Ltd(000739) , Brightgene Bio-Medical Technology Co.Ltd(688166) and suggest paying attention to the case accumulation and expansion of Cathay Biotech Inc(688065) , Aurisco Pharmaceutical Co.Ltd(605116) , Zhejiang Ausun Pharmaceutical Co.Ltd(603229) and other companies in the field of new technologies. At the same time, we are optimistic about the accumulation of CGMP regulations, global sales, barrier variety approval and other capabilities of preparation export companies in the process of preparation internationalization, and recommend Nanjing King-Friend Biochemical Pharmaceutical Co.Ltd(603707) , Hainan Poly Pharm.Co.Ltd(300630) . In addition, we are optimistic about the accumulation and advantages of Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) and other companies in the field of difficult preparations and large tonnage product process development, as well as the proven cost optimization, quality control and green production capacity of Zhejiang Tianyu Pharmaceutical Co.Ltd(300702) and Zhejiang Starry Pharmaceutical Co.Ltd(603520) in large tonnage API.
The policy continued to catalyze the outbreak of Huadian Power International Corporation Limited(600027) , Ning Xia Yin Xing Energy Co.Ltd(000862) and other multi stock limit
The power sector rose strongly on the 25th, with Huadian Power International Corporation Limited(600027) , Ning Xia Yin Xing Energy Co.Ltd(000862) , Shenyang Jinshan Energy Co.Ltd(600396) , Huaneng Power International Inc(600011) , Longyuan Power, etc. rising by the limit, Nyocor Co.Ltd(600821) , Jilin Electric Power Co.Ltd(000875) , {6000211}, Chongqing Three Gorges Water Conservancy And Electric Power Co.Ltd(600116) .
In terms of news, recently, the national development and Reform Commission and the National Energy Administration issued the implementation plan for the development of new energy storage in the 14th five year plan, which proposed that by 2025, the new energy storage will enter the stage of large-scale development from the initial stage of commercialization and have the conditions for large-scale commercialization. The innovation ability of new energy storage technology has been significantly improved, the independent and controllable level of core technology and equipment has been greatly improved, and the standard system has been basically improved. The industrial system is becoming more and more complete, and the market environment and business model are basically mature. By 2030, new energy storage will be fully market-oriented. The new energy storage core technology and equipment are independent and controllable, the technological innovation and industrial level are firmly in the forefront of the world, the market mechanism, business model and standard system are mature and sound, and are deeply integrated with all links of the power system, which basically meets the needs of building a new power system and comprehensively supports the realization of the goal of carbon peak in the energy field as scheduled.
The plan clearly promotes the construction of system friendly new energy power stations. In areas rich in new energy resources, such as Inner Mongolia, Xinjiang, Gansu and Qinghai, as well as other areas with high penetration of new energy, we will focus on the layout of a number of system friendly new energy power stations with reasonable new energy storage. Promote the application of innovative technologies such as high-precision long-time scale power prediction and intelligent dispatching control, ensure the efficient consumption and utilization of new energy, and improve the friendliness and capacity support capacity of new energy.
Everbright Securities Company Limited(601788) said that under the background of accelerating the construction of new power system, the investment in power grid increased during the 14th Five Year Plan period, and there were great opportunities for structural investment in some fields. Suggestions: 1) UHV and Gil: Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , Beijing Sifang Automation Co.Ltd(601126) , Tbea Co.Ltd(600089) , Jiangsu Ankura Smart Transmission Engineering Technology Co.Ltd(300617) ; 2) Grid side energy storage: Yunnan Wenshan Electric Power Co.Ltd(600995) , China Southern Power Grid technology, Shaanxi Baoguang Vacuum Electronic Apparatus Co.Ltd(600379) , Guangzhou Zhiguang Electric Co.Ltd(002169) , Sieyuan Electric Co.Ltd(002028) , Beijing Sifang Automation Co.Ltd(601126) ; 3) Smart meter: Hangzhou Sunrise Technology Co.Ltd(300360) , Acrel Co.Ltd(300286) , Jiangsu Linyang Energy Co.Ltd(601222) , Hexing Electrical Co.Ltd(603556) , Beijing Yupont Electric Power Technology Co.Ltd(688597) ; 4) Energy saving transformer: Yunlu shares, Advanced Technology & Materials Co.Ltd(000969) , Jiangsu Yangdian Science & Technology Co.Ltd(301012) , State Grid Yingda Co.Ltd(600517) ; 5) Intelligent monitoring and maintenance of power grid: Hangzhou Kelin Electric Co.Ltd(688611) , Zhiyang Innovation Technology Co.Ltd(688191) , Hangzhou Shenhao Technology Co.Ltd(300853) , Yijiahe Technology Co.Ltd(603666) , China Southern Power Grid technology.
warehousing and logistics sector surged Xinjiang Tianshun Supply Chain Co.Ltd(002800) , San Yang Ma (Chongqing) Logistics Co.Ltd(001317) and other daily limits
The warehousing and logistics sector rose in intraday shock on the 25th. As of press time, Xinjiang Tianshun Supply Chain Co.Ltd(002800) , San Yang Ma (Chongqing) Logistics Co.Ltd(001317) , Deppon Logistics Co.Ltd(603056) and other limits rose, while Y.U.D.Yangtze River Investment Industry Co.Ltd(600119) , Guangdong Gensho Logistics Co.Ltd(603813) , China Master Logistics Co.Ltd(603967) and other gains were higher. In terms of news, recently, the all China Federation of supply and marketing cooperatives released the special plan for the development of public Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics of national supply and marketing cooperatives during the 14th five year plan, which made it clear that during the 14th Five Year Plan period, the national supply and marketing cooperative system will build 600 County origin Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics centers, 100 Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics hub bases 200 urban land sales Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics centers.
The plan proposes that during the 14th Five Year Plan period, the national supply and marketing cooperative system will build a public Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics service network of supply and marketing cooperatives based on backbone network, provincial network, regional network and information platform. By 2025, the whole system cold chain logistics infrastructure will be improved, the service capacity will be significantly enhanced, and the industry influence will be significantly improved, playing an active role in the development of national cold chain logistics.
It is reported that on December 12, 2021, the general office of the State Council issued the “14th five year plan” for the development of cold chain logistics, requiring the layout and construction of about 100 national backbone cold chain logistics bases, the construction of a number of production and marketing cold chain centralized distribution centers, focusing on the “first kilometer” of origin and the “last kilometer” of the city, and supplementing the short board of cold chain logistics facilities at both ends, Basically build a three-level cold chain logistics node facility network with the national backbone cold chain logistics base as the core, the production and marketing cold chain centralized distribution center and the cold chain logistics facilities at both ends as the support. On January 11, 2022, the national development and Reform Commission issued the implementation plan for the construction of national backbone cold chain logistics bases, making systematic arrangements for the layout and construction of national backbone cold chain logistics bases during the 14th Five Year Plan period. On February 18, 2022, the general supply and Marketing Cooperative released the special plan for the development of public Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics of national supply and marketing cooperatives in the 14th five year plan.
Soochow Securities Co.Ltd(601555) said that after 2021, driven by the central and local policies, many government customers (including supply and marketing cooperatives) invested in the construction of cold chain logistics as the owner; At the technical level, the improvement of safety and environmental protection standards and the accelerated promotion and application of new technologies provide a sustainable driving force for the rapid development of the industry; Boosted and catalyzed by multiple positive factors, the prosperity of the industry is expected to continue to improve.
the concept stock of “counting East and counting West” is going to be hot?
On February 25, Mcc Meili Cloud Computing Industry Investment Co.Ltd(000815) raised the limit again. So far, the stock has closed six trading boards, up 77.31%. In terms of news, the national development and Reform Commission and other departments recently announced that they agreed to start the construction of the national hub node of the national integrated computing network in Beijing, Tianjin and Hebei, the Yangtze River Delta, the Great Bay area of Guangdong, Hong Kong, Macao and Chengdu Chongqing. This also marks that the “counting from the east to the west” project will enter the stage of large-scale planning and construction.
As for the future prospects of the industry, China International Capital Corporation Limited(601995) believes that the number of East and West is an important basis for China’s development of digital economy. It is predicted that the investment scale of 100 billion yuan per year may be driven in the next five years. Xi’an computing will drive the demand for civil engineering of data center, supporting facilities of computer room and green power, and then put data communication equipment such as servers on the shelves with the demand of downstream; In the medium and long term, Dongshu will drive the eastern IDC to optimize the competition pattern and stabilize the profitability. New cloud business opportunities will also appear in the process of East-West data flow. The development path of Eastern digital computing and Western computing is consistent with that of China’s cloud computing industry.
Shenwan Hongyuan Group Co.Ltd(000166) the research mentioned that the current policy of “counting from the east to the west” is to divide the demand into two categories. Among them, the eastern hubs such as Beijing Tianjin Hebei, Yangtze River Delta and Guangdong Hong Kong Macao Bay area will mainly meet the businesses with high network requirements, such as industry, finance, medical treatment, video, AI, etc; The western hub mainly undertakes background processing, offline analysis, storage and backup and other businesses. At present, the first tier cities in the north, Shanghai and Shenzhen generally have strict restrictions on the energy consumption of the data center, which will inevitably lead to the overflow of demand to the first ring and the second and third lines. The “counting from the east to the west” is equivalent to the standardized diversion of these needs; In the future, new resources and upgraded resources will be arranged around these large hubs. Therefore, for the head professional IDC manufacturers in the East, the overall competition pattern is greatly optimized, so they can focus more on high-value businesses and benefit for a long time.
institutions pay attention to the electronic sector! 20 shares were rated by more than four centralized rating companies, and the performance of 19 shares was stable, up more than 10%
Statistics show that in the past week (February 18-24), 60 institutions have conducted 490 ratings, and a total of 295 shares have been rated “buy”. In terms of individual stocks, 20 stocks were rated as “buy in” by four or more institutions. The number of “buy in” ratings of Wuliangye Yibin Co.Ltd(000858) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Chacha Food Company Limited(002557) ranks among the top three, with 18, 13 and 11 agencies participating in the rating respectively. Both Qianhe Condiment And Food Co.Ltd(603027) , Shede Spirits Co.Ltd(600702) in the food and beverage sector and Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) in the pharmaceutical and biological sector were rated by four agencies. Individual stocks in the electronic sector such as Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Shenzhen H&T Intelligent Control Co.Ltd(002402) , Luxshare Precision Industry Co.Ltd(002475) , Hangzhou Silan Microelectronics Co.Ltd(600460) have also been rated by many agencies.
Statistics show that, based on the median value of the express data / forecast growth range, among the above 20 stocks, Hunan Zhongke Electric Co.Ltd(300035) , Shede Spirits Co.Ltd(600702) net profit is expected to double; The net profit of Hangzhou Silan Microelectronics Co.Ltd(600460) , Xinjiang Zhongtai Chenical Co.Ltd(002092) increased by more than 10 times. Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Industrial Bank Co.Ltd(601166) two 100 billion market capitalization stocks performed steadily, and the net profit increased by about 25% year-on-year.
In addition, as many as 15 of the above 20 shares have a difference of more than 20% between the latest price and the target price of the institution. Topsec Technologies Group Inc(002212) has the highest rising space, with 64.14%; The rising space of Hunan Zhongke Electric Co.Ltd(300035) and Industrial Bank Co.Ltd(601166) also exceeded 50%. Among the 100 billion market capitalization stocks, Wuliangye Yibin Co.Ltd(000858) has a rising space of 49.81%; Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , China State Construction Engineering Corporation Limited(601668) also have a rising potential of more than 30%.
Shanghai strengthens the industrial chain related to the construction of charging and replacing infrastructure or receives attention
The general office of Shanghai Municipal People’s government issued the implementation opinions on further promoting the construction of charging and replacing infrastructure in Shanghai, which mentioned that by 2025, the charging demand of more than 1.25 million electric vehicles will be met, and the vehicle pile ratio of the whole city will not be higher than 2:1 Establish a new charging and switching infrastructure system characterized by high-level information interconnection, perfect intelligent technology standard system, sound construction and operation management mechanism, unified and orderly benefit people’s livelihood, and realize the “five transformations” of industry development.
The opinions proposed that in combination with the development plan of Shanghai’s new energy vehicle industry, the layout of parking lots and stations and the digital transformation of intelligent transportation, focus on the actual needs of key areas such as urban public areas, residential areas, public service institutions and power exchange of special vehicles, use big data analysis to improve the rationality of layout, and formulate a special plan for the development of charging and replacement facilities in the city, Comprehensively promote the coordinated development of cities, automobiles and charging and replacement facilities. Formulate special plans for charging and replacement facilities in five new towns, and strengthen the construction layout of charging and replacement infrastructure in key areas with higher standards.
Guotai Junan Securities Co.Ltd(601211) Securities pointed out that by the end of 2021, the number of charging infrastructure in China had reached 2.617 million, a year-on-year increase of 70.1%. In recent years, the number of charging piles has basically maintained a sustained and efficient growth trend, and the vehicle pile ratio has decreased from 7.8:1 in 2015 to 3:1 in 2021 In terms of operation end, the charging capacity continues to maintain rapid growth, and the charging demand of passenger cars accelerates. In 2021, China’s total charging power reached 11.15 billion kwh, with a year-on-year increase of 58.0%. From the monthly level, it is significantly higher than that in 2020. At the same time, the market share of the top 3 charging operation enterprises is more than 60%, showing a situation that the strong are always strong as a whole. In terms of market space, it is estimated that the cumulative scale of charging pile equipment will exceed 200 billion yuan from 2022 to 2025, of which the single-year market scale is expected to reach 70 billion yuan in 2025.
The agency believes that it pays attention to the charging operation market and high-voltage system parts manufacturers. The investment is divided into two main lines: 1) charging operation market: the industry presents a head concentration trend. Leading enterprises have regional advantages and first mover advantages in the layout of charging piles. With the increase of charging volume (single pile utilization rate) brought by the increase of ownership, the operation service fee will increase rapidly and the profitability will be improved. 2) Suppliers of high-voltage system parts: with the implementation of the standard of super charging pile and the technical progress of supporting high-voltage components, the introduction of high-voltage fast charging models will be accelerated, driving the rapid growth of relevant parts. At the same time, the improvement of the technical threshold will also help to concentrate the market share to technologically advantageous enterprises.
Chuancai Securities pointed out that while the sales volume of new energy vehicles has increased greatly, the utilization rate of public charging piles will also be improved. In addition to the special calls from the head enterprises, other charging pile operation enterprises are also expected to improve their profits, and the era of charging pile operation profit is coming. In addition, both special call and star charging have introduced a number of shared private piles. These charging piles do not require enterprises to invest in construction costs, but can share profits, which will also improve the profitability of charging pile operating enterprises and effectively improve the industry fundamentals. It is suggested to pay attention to the charging pile industry chain, with relevant targets: Qingdao Tgood Electric Co.Ltd(300001) , Shenzhen Kstar Science & Technology Co.Ltd(002518) , Shenzhen Sinexcel Electric Co.Ltd(300693) , Shenzhen Increase Technology Co.Ltd(300713) , etc.
