Follow up comments
On February 28, 2022, the Shanghai Composite Index closed at 346231 points, up 0.32%; The Shenzhen Component Index closed at 1345573 points, up 0.32%. The Chongqing composite index, which we focus on, closed at 371421 points, up 0.43%; Sichuan composite index closed at 915128 points, up 0.89%. The top three stocks of Listed Companies in Sichuan and Chongqing are: North Chemical Industries Co.Ltd(002246) ( North Chemical Industries Co.Ltd(002246) 10.02%), Chongqing Wanli New Energy Co.Ltd(600847) ( Chongqing Wanli New Energy Co.Ltd(600847) 10.02%), Skyworth Digital Co.Ltd(000810) ( Skyworth Digital Co.Ltd(000810) 10.01%). The 42 companies we focused on rose by 0.68% on average, among which the top three stocks were: Sichuan New Energy Power Company Limited(000155) ( Sichuan New Energy Power Company Limited(000155) 10.00%), Mianyang Fulin Precision Co.Ltd(300432) ( Mianyang Fulin Precision Co.Ltd(300432) 6.19%), Sichuan Jinlu Group Co.Ltd(000510) ( Sichuan Jinlu Group Co.Ltd(000510) 3.99%). By industry, the top three sectors in Sichuan and Chongqing are: basic chemical industry (1.68%), architectural decoration (1.44%) and power equipment (1.40%).
The joint action plan for carbon peaking and carbon neutralization in Chengdu Chongqing twin city economic circle was officially released. Sichuan and Chongqing will jointly complete 10 key tasks, including regional energy green and low-carbon transformation action, regional industry green and low-carbon transformation action and regional transportation green and low-carbon action. By 2025, the growth rate of carbon dioxide emission in Chengdu and Chongqing will slow down, The proportion of non fossil energy consumption has been further increased, the energy consumption per unit of regional GDP and carbon dioxide emission intensity have been continuously reduced, and the new model of green and low-carbon circular development has initially taken shape. Sichuan is rich in clean energy resources. With the continuous promotion of low-carbon transformation of Chengdu Chongqing dual city economic circle, it will drive the continuous implementation of water, wind, photovoltaic and energy storage related infrastructure projects in Sichuan, and benefit the further development of new infrastructure related industries in Sichuan and Chongqing.
Industry dynamics
1. According to the data released by Sichuan Provincial Development and Reform Commission, the total social logistics in Sichuan reached 10.11 trillion yuan in 2021, an increase of 12.0% at comparable prices and an average increase of 7.4% in two years. The total revenue of the province’s logistics industry was 538.46 billion yuan, a year-on-year increase of 9.3% and an average increase of 4.2% in the two years. The total cost of social logistics in the province was 790.62 billion yuan, with a year-on-year increase of 15.8% and an average increase of 3.3% in the two years. (China News Network)
2. The “14th five year plan” for the development of service industry in Sichuan Province was officially released. During the “14th five year plan”, Sichuan Province will strive to build and cultivate “one place and three areas”, and knowledge, intensification, standardization and branding will be basically formed. By 2025, the total added value of the provincial service industry will be about 3.5 trillion yuan, and the economies of scale will continue to improve. (China News Network)? Company dynamics
Zhonghuan Co., Ltd. (836260): issued the annual performance express of 2021. In 2021, the company achieved an operating revenue of 215 million yuan, a year-on-year increase of 13.92%, and a net profit attributable to shareholders of listed companies of 46 million yuan, a year-on-year increase of 2.79%.
Porton Pharma Solutions Ltd(300363) ( Porton Pharma Solutions Ltd(300363) ): the annual performance express of 2021 was released. In 2021, the company achieved an operating revenue of 3.105 billion yuan, a year-on-year increase of 49.87%, and a net profit attributable to shareholders of listed companies of 524 million yuan, a year-on-year increase of 61.49%.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
