Follow up comments
On March 2, 2022, the Shanghai Composite Index closed at 348419 points, down 0.13%; The Shenzhen Component Index closed at 1334696 points, down 1.05%. The Chongqing composite index, which we focus on, closed at 371855 points, down 0.69%; Sichuan composite index closed at 917304 points, down 0.52%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Yimikang Tech.Group.Co.Ltd(300249) ( Yimikang Tech.Group.Co.Ltd(300249) , 15.15%), Taihai Manoir Nuclear Equipment Co.Ltd(002366) ( Taihai Manoir Nuclear Equipment Co.Ltd(002366) , 9.96%), Casin Real Estate Development Group Co.Ltd(000838) ( Casin Real Estate Development Group Co.Ltd(000838) , 9.95%). The 42 companies we focused on fell by 0.20% on average, among which the top three stocks were: Jinke Property Group Co.Ltd(000656) ( Jinke Property Group Co.Ltd(000656) , 2.66%), Sichuan New Energy Power Company Limited(000155) ( Sichuan New Energy Power Company Limited(000155) , 2.50%), Sichuan Languang Development Co.Ltd(600466) ( Sichuan Languang Development Co.Ltd(600466) , 1.61%). By industry, the top three sectors in Sichuan and Chongqing are textile and clothing (2.17%), real estate (2.40%) and computer (1.70%).
Chongqing Municipal Commission of Commerce issued the list of the first batch of key tasks of the comprehensive pilot of expanding and opening up of Chongqing’s service industry and the list of the first batch of key projects of the comprehensive pilot of expanding and opening up of Chongqing’s service industry, and deployed 27 key tasks and 24 key projects, involving science and technology, education, commerce, trade, culture and tourism, medical and health, finance, talents, data, legal guarantee Nine areas, including investment facilitation and logistics customs clearance, strive to build a leading area for the development of inland modern service industry. Sichuan and Chongqing regions enjoy steady economic growth, active social consumption and a good service industry foundation. Promoting the implementation of key projects in the service industry will help revitalize regional resources, promote the development of various service industry segments and release new drivers of economic growth.
Industry dynamics
15 departments including Chongqing Municipal Development and Reform Commission and Chongqing Municipal Bureau of Finance jointly issued the measures for Chongqing to implement several policies on promoting the recovery and development of difficult industries in the service industry, including 56 policies and measures in three aspects, including inclusive relief support, industrial support and relief, and precise epidemic prevention and control, as well as implementation guarantee measures in four aspects, It covers tax relief, housing rent relief, epidemic prevention expenditure subsidies, stable post return of unemployment insurance, financial support policies, etc. (China News Network)
Company dynamics
Changhong energy (836239): the company plans to purchase 33.17% equity of Changhong Sanjie new energy Co., Ltd. by issuing shares and paying cash, of which the consideration paid in cash accounts for 11.30% and the consideration paid in shares accounts for 88.70%. After the completion of this transaction, Changhong Sanjie will become a wholly-owned subsidiary of the company.
Chengdu M&S Electronics Technology Co.Ltd(688311) ( Chengdu M&S Electronics Technology Co.Ltd(688311) ): the announcement on the share repurchase scheme of the company by means of centralized bidding transaction is issued. The total amount of repurchase funds is not less than 25 million yuan, not more than 50 million yuan, and the repurchase price is not more than 70 yuan / share (inclusive), The shares repurchased this time are intended to be fully used for the implementation of employee stock ownership plan or equity incentive at an appropriate time in the future.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
