Follow up comments
On March 1, 2022, the Shanghai Composite Index closed at 348883 points, up 0.77%; The Shenzhen Component Index closed at 1348864 points, up 0.24%. The Chongqing composite index, which we focus on, closed at 374448 points, up 0.82%; Sichuan composite index closed at 922132 points, up 0.77%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Taihai Manoir Nuclear Equipment Co.Ltd(002366) ( Taihai Manoir Nuclear Equipment Co.Ltd(002366) , 10.05%), New Hope Liuhe Co.Ltd(000876) ( New Hope Liuhe Co.Ltd(000876) , 10.02%), Leshan Giantstar Farming&Husbandry Corporation Limited(603477) ( Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , 10.00%). The 42 companies we focused on rose by 0.81% on average, among which the top three stocks were: New Hope Liuhe Co.Ltd(000876) ( New Hope Liuhe Co.Ltd(000876) , 10.02%), Chengdu Jafaantai Education Technology Co.Ltd(300559) ( Chengdu Jafaantai Education Technology Co.Ltd(300559) , 4.55%), Sichuan Crun Co.Ltd(002272) ( Sichuan Crun Co.Ltd(002272) , 4.25%). By industry, the top three sectors in Sichuan and Chongqing are agriculture, forestry, animal husbandry and fishery (10.01%), social services (4.39%) and power equipment (3.49%). Chengdu Municipal Development and Reform Commission released the key project plan of Chengdu in 2022. In 2022, Chengdu listed 900 key projects with a total investment of 2506.8 billion yuan, of which the annual planned investment is 347.5 billion yuan. In terms of fields, there are 543 major industrial projects, with a total investment of 1367.6 billion yuan and an annual planned investment of 2004 billion yuan; 141 major infrastructure projects, with a total investment of 813.1 billion yuan and an annual investment of 79.7 billion yuan; 216 major public service projects, with a total investment of 326.1 billion yuan and an annual planned investment of 67.2 billion yuan. The economic growth in Sichuan and Chongqing is steady. With the smooth implementation of a large number of projects this year and the smooth promotion of interregional cooperation, on the one hand, it will bring a lot of market demand to infrastructure related industries and help the rapid growth of the performance of enterprises in relevant industrial chains in the region. On the other hand, increasing investment in new energy, advanced manufacturing, digital economy and other industries will promote the rapid development of relevant enterprises in Sichuan and Chongqing.
Industry dynamics
The Sichuan provincial government issued the Sichuan National Fitness implementation plan, proposing that by 2025, the public service system of Sichuan national fitness will be improved, the construction of venues and facilities will be continuously strengthened, the vitality of fitness organizations will be fully demonstrated, events will be promoted in all areas, scientific fitness services will be carried out regularly, and the people’s enthusiasm for fitness will be further improved, The proportion of people who often take part in physical exercise reaches 38.5%, and the county (city, district), township (street), administrative village (community) three-level public sports fitness facilities and community 15 minute fitness circle are fully covered. (China News Network)
Company dynamics
Westone Information Industry Inc(002268) ( Westone Information Industry Inc(002268) ): the annual performance express of 2021 was released. In 2021, the company achieved an operating revenue of 2.789 billion yuan, a year-on-year increase of 17.00%, and a net profit attributable to shareholders of listed companies of 239 million yuan, a year-on-year increase of 47.79% Chengxin Lithium Group Co.Ltd(002240) ( Chengxin Lithium Group Co.Ltd(002240) ): the announcement on the pre disclosure of shareholder share reduction plan was issued. Li Xiaoqi, a shareholder holding 22067600 shares (accounting for 2.55% of the total share capital of the company), plans to reduce no more than 6590400 shares (accounting for 0.76% of the total share capital of the company by centralized bidding within six months after 15 trading days from the date of disclosure of this announcement.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
