Follow up comments
On November 29, 2021, the Shanghai Composite Index closed at 3562.70 points, down 0.04%; The Shenzhen Component Index closed at 14810.20, up 0.22%. The Chongqing composite index, which we focus on, closed at 3953.51 points, up 0.30%; Sichuan composite index closed at 9854.92, up 0.58%. The top three stocks of Listed Companies in Sichuan and Chongqing were: Chengdu Information Technology Of Chinese Academy Of Sciences Co.Ltd(300678) (300678, 19.99%), Chengdu Xgimi Technology Co.Ltd(688696) (688696, 10.75%), Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) (002777, 10.02%). The 42 companies we focused on rose by 0.06% on average, of which the top three stocks were: Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) (002777, 10.02%), Mianyang Fulin Precision Co.Ltd(300432) (300432, 7.32%), Sichuan New Energy Power Company Limited(000155) (000155, 6.05%).
On 26 November, Chongqing Economic and Information Technology Commission issued the action plan for high quality development of Chongqing equipment manufacturing industry (2021-2025) It is planned that by 2025, the owner business income of equipment manufacturing in the city will exceed 300 billion yuan, and the contribution rate of high-end equipment manufacturing to industrial growth will reach 50%, forming a new pattern in which high-end products lead industrial development and growth. Specifically, it will further deepen Sichuan Chongqing cooperation, improve traditional advantageous equipment such as power machinery, electric machinery, engineering machinery and agricultural machinery, and focus on the development of emerging high-end equipment such as intelligent manufacturing, high-end transportation, energy and environmental protection, aerospace and so on. Driven by the double carbon policy, the wind power industry will maintain rapid growth, which will catalyze the rapid development of wind power equipment manufacturing industry in Sichuan and Chongqing. In addition, there are many military enterprises in Sichuan and Chongqing, and product R & D is at the forefront of the industry to promote the military civilian integration of high-end equipment. On the one hand, it will promote the rapid development of aerospace, intelligent manufacturing and other subdivided industries in Sichuan and Chongqing, which will be conducive to the achievement transformation of regional military enterprises and promote the rapid growth of enterprise performance.
Industry highlights
1. The regulations of Chongqing Municipality on the administration of domestic waste (Draft) has been passed by vote and will be implemented since March 1, 2022. The regulations have 9 chapters and 69 articles, standardizing the classified delivery of domestic waste, improving the classified collection, transportation and treatment of domestic waste, and promoting the reduction and resource utilization of domestic waste at the source. Among them, the regulations also clearly require e-commerce, express enterprises and farmers’ markets to reduce excessive packaging, and prohibit and restrict the production, sales and use of disposable plastic products such as non degradable plastic bags according to law. (China News Network)
Company dynamics
Chongqing Mas Sci.& Tech.Co.Ltd(300275) (300275): promulgate the suggestive announcement on the transfer of some shares and equity changes of the company by agreement between the controlling shareholder and the actual controller. Ma Yan, the controlling shareholder and the actual controller of the company, plans to sell 9770000 non tradable shares of the company at the price of 10.00 yuan / share (accounting for 5.19% of the total share capital of the company) was transferred to the private investment fund to be established and managed by Great Wall Capital Management Co., Ltd. by agreement. After the transfer, the proportion of shares held by Ma Yan decreased to 15.59%.
Chengdu Olymvax Biopharmaceuticals Inc(688319) (688319): the announcement on the listing and circulation of offline placement restricted shares in the initial public offering was issued. 1693374 shares were lifted and applied for listing and circulation, accounting for 0.4178% of the total existing share capital of the company. They will be listed and circulated from December 8, 2021.
Risk statement
The economic recovery was lower than expected
Covid-19 outbreak risk
Raw material price fluctuation risk
