Double financing balance
As of February 28, the balance of the two financial institutions on the Shanghai Stock Exchange was reported to be 92055 billion yuan, an increase of 603 million yuan over the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 807105 billion yuan, an increase of 1.312 billion yuan over the previous trading day; The two cities totaled 172.71 billion yuan, an increase of 1.915 billion yuan over the previous trading day.
Latest views
On Monday, A-Shares rose in shock, and the gem index turned up near the closing, accompanied by a net purchase of northward funds. As of the close, the Shanghai stock index rose 0.32%, the Shenzhen Component Index rose 0.32%, the gem index rose 0.89%, the Shanghai and Shenzhen 300 rose 0.18%, the Shanghai Stock Exchange 50 rose 0.17%, and the China Stock Exchange 500 rose 0.50%. The number of gainers in the two cities was 1974, lower than the average value of 2387 last week and 3377 in the previous trading day. The number of daily limit was 58, lower than the average value of 77 last week and 71 the previous trading day. The number of decliners in the two cities was 2594, higher than the average value of 2223 last week and 1184 in the previous trading day. The number of drop limits was 18, higher than the average value of 15 last week and higher than 7 in the previous trading day. Northbound funds had a net inflow of 2.047 billion yuan, with an average net outflow of 1.283 billion yuan last week and a net inflow of 6.384 billion yuan the previous trading day. The turnover of the two cities was 949784 billion yuan, with an average value of 106114 billion yuan last week, compared with 1019326 billion yuan the previous trading day. On Monday evening, the negotiations between Russia and Ukraine reached an impasse, and the European and American stock markets adjusted broadly again. However, for a shares, the market price has been desensitized to the conflict between Russia and Ukraine. Unless the situation is further out of control, the pattern of strong shock of A-Shares will not change. We maintain our previous judgment that A-Shares are bottoming, so with the subsequent repair of market risk appetite, the market price will have positive feedback on the steady growth policy, and A-Shares are expected to usher in a restless market in spring.
Topic tracking
Focus today: photovoltaic equipment, lithium extraction from Salt Lake, digital security
1. Theme of photovoltaic equipment: on February 23, pvinfolink disclosed the latest photovoltaic data. The prices of silicon materials (such as manganese silicon 8064 yuan / ton) and polysilicon chips (191767 yuan / ton) increased. On February 18, the national development and Reform Commission issued several policies to promote the steady growth of industrial economy. The notice proposes to organize and implement the special action for innovative development of photovoltaic industry, implement the construction of large-scale wind power photovoltaic bases in desert Gobi desert areas, encourage the development of distributed photovoltaic in the Middle East, and drive the investment in Cecep Solar Energy Co.Ltd(000591) battery and wind power equipment industry chain. The central government’s policy guidance firmly promotes the dual carbon goal and is conducive to the overall development of new energy. Recently, Henan, Shandong, Inner Mongolia Eerduosi Resources Co.Ltd(600295) and other places have introduced support policies for clean energy such as photovoltaic and wind power. It is expected that with the intensive introduction of relevant policies, the industrial chain will accelerate the expansion of production capacity and demand. In 2022, wind, light, storage, hydrogen and other industries will further accelerate their development on the basis of last year. Suggested attention: Tianjin Zhonghuan Semiconductor Co.Ltd(002129) ( Tianjin Zhonghuan Semiconductor Co.Ltd(002129) ), Arctech Solar Holding Co.Ltd(688408) ( Arctech Solar Holding Co.Ltd(688408) )
2. Theme of lithium extraction from Salt Lake: under the background of the rapid increase of the penetration rate of new energy vehicles, the demand for lithium carbonate continues to be strong. According to the price monitoring of business society, the price of lithium carbonate kept rising in February 2022, and the price reached a new high at the end of the month. On February 24, the average price of battery grade lithium carbonate in East China was 458000 yuan / ton, up 19.9% compared with the average price at the beginning of the month. Xin Changxing, governor of Qinghai Province, proposed in the government work report that the primary task of Qinghai Province in 2022 is to accelerate the construction of a world-class Salt Lake industrial base. At present, the cost of extracting lithium from Salt Lake by adsorption method per ton of lithium carbonate can be controlled at or below 30000 yuan. Compared with lithium extraction from spodumene and mica, lithium extraction from Salt Lake has cost advantages. Suggested attention: Eve Energy Co.Ltd(300014) ( Eve Energy Co.Ltd(300014) ), Tianqi Lithium Corporation(002466) ( Tianqi Lithium Corporation(002466) )
3. Digital security theme: on February 28, 2022, the Ministry of industry and information technology proposed at a press conference that it would actively cultivate the data element market and support the construction of data exchanges in Beijing and Shanghai. Strengthen the safety supervision of industrial data, formulate important data directories and strengthen protection. With the continuous innovation of the scope and mode of digital transformation, enterprises use digitization to improve quality, efficiency and efficiency. In this context, it is necessary to strengthen the data security in the process of digital transformation. Suggested attention: Beijing Infosec Technologies Co.Ltd(688201) ( Beijing Infosec Technologies Co.Ltd(688201) ), Beijing Certificate Authority Co.Ltd(300579) ( Beijing Certificate Authority Co.Ltd(300579) )
Risk tips
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
