Follow up comments
On December 6, 2021, the Shanghai Composite Index closed at 3589.31 points, down 0.50%; The Shenzhen Component Index closed at 14752.96 points, down 0.93%. The Chongqing composite index, which we focus on, closed at 3937.49 points, down 0.80%; Sichuan composite index closed at 9941.63 points, down 0.60%. The top three stocks of Listed Companies in Sichuan and Chongqing were: visualisation Technology (301213, 85.08%), San Yang Ma (Chongqing) Logistics Co.Ltd(001317) (001317, 10.01%), Chongqing Wanli New Energy Co.Ltd(600847) (600847, 9.99%). The 42 companies we focused on fell by 1.18% on average, of which the top three stocks were: Chengdu Leejun Industrial Co.Ltd(002651) (002651, 4.85%), Sichuan Furong Technology Co.Ltd(603327) (603327, 3.93%), Sichuan Zhongguang Lightning Protection Technologies Co.Ltd(300414) (300414, 2.07%). By industry, the top three sectors in Sichuan and Chongqing are transportation (+ 3.16%), real estate (+ 0.83%) and comprehensive (+ 0.78%).
On December 4, Sichuan Provincial Department of economy and information technology released the revenue data of Sichuan food and beverage industry at the Symposium on the development of food and beverage industry. The content showed that from January to October, Sichuan food and beverage industry realized an operating revenue of 806.54 billion yuan, a year-on-year increase of 11.0%, and a total profit of 95.85 billion yuan, a year-on-year increase of 19.8%. Among them, the brand advantages of food and beverage in Sichuan have been continuously strengthened, and the construction of industrial clusters has been smoothly promoted. At present, the output and revenue of Sichuan wine rank first in China, and the comprehensive strength of tea industry ranks second. The social consumption in Sichuan and Chongqing is stable and positive. With the help of the “5 + 1” industrial policy, the regional food and beverage industry has maintained rapid development. As a key industry in Sichuan and Chongqing, the overall production and marketing of Sichuan wine is stable and positive, Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) is stable, Sichuan Swellfun Co.Ltd(600779) , shede and other secondary high-end wines have achieved rapid growth, and the industry boom continues. At the end of the year, the Baijiu channel should be stocked or further catalyzed by pre season. We should pay close attention to the performance of Sichuan wine during the Spring Festival. We should pay more attention to the high-end liquor with relatively stable performance and the sub high end wine with better growth and smooth nationalization. The related targets are Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) and Sichuan Swellfun Co.Ltd(600779) .
Industry highlights
1. Sichuan Guanxiang Technology Co., Ltd. was officially listed on the gem of Shenzhen Stock Exchange, with an issue price of 31.5 yuan / share and an issue price earnings ratio of 44.56 times. It is a high-tech enterprise focusing on the research and development of computer software and hardware and communication technology and characterized by military management and weapons and equipment informatization research and service. （Wind）
2. Chongqing Economic Information Commission released Chongqing industrial data. From January to October, industrial enterprises above Designated Size in the city realized a profit of 143.66 billion yuan, a year-on-year increase of 48.8%, higher than the national average of 6.6pct, an average increase of 31.6% in two years, higher than the national average of 9.7pct. Among them, the electronic industry realized a rapid capital increase. From January to October, the electronic manufacturing industry realized a profit of 32.84 billion yuan, a year-on-year increase of 84.9%; Benefiting from the rise in raw material prices, the city’s material industry realized a profit of 34.69 billion yuan, a year-on-year increase of 79.8%. (China News Network)
Company dynamics
Chongqing Shunbo Aluminum Co.Ltd(002996) (002996): issue the announcement on the progress of the company’s participation in bidding for Chongqing Aobo Aluminum Manufacturing Co., Ltd. and obtaining the business license.
Luzhou Laojiao Co.Ltd(000568) (000568): the announcement on the resolutions of the 9th meeting of the 10th board of directors was issued to cancel Luzhou Laojiao Co.Ltd(000568) baidiao innovation e-commerce Co., Ltd., Luzhou Laojiao Co.Ltd(000568) preferred e-commerce Co., Ltd.
Risk tips: economic recovery is lower than expected, covid-19 outbreak risk, raw material price fluctuation risk.
