Market performance and highlights this week: Huawei releases the first Hongmeng car
Market performance: this week (referring to the period from December 20 to December 24, the same below) the A-share market generally fell. The Shanghai Composite Index closed at 3618 points, down 0.39%; the Shenzhen composite index closed at 14710 points, down 1.06%; the gem index closed at 3297 points, down 4.00%. In terms of the style of large and small markets, this week, the large market index fell 0.67% and the small market index fell 1.01%. Since 2021, the large market index has fallen 5.91% and the small market index has risen 17.73%, The small cap / large cap ratio is 1.25. Foryou Corporation(002906) , Lianchuang Electronic Technology Co.Ltd(002036) , Huizhou Desay Sv Automotive Co.Ltd(002920) led the increase this week. Highlights of this week: Huawei released the first Hongmeng car; The second largest transaction in Microsoft’s history: US $16 billion acquisition of nuance, an artificial intelligence company; National Energy Administration: in 2022, we will accelerate the tackling of key technical and equipment problems, focusing on key areas such as hydrogen energy.
Major events this week: Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) equity incentive scheme deserves special attention. Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) it is proposed to grant 13.2 million restricted shares to employees at the price of 17.93 yuan / share. The performance assessment objectives are: Based on the operating income in 2020, the growth rate of operating income in 2022, 2023 and 2024 will not be less than 80%, 85% and 160%. This equity incentive, It is conducive to the establishment of benefit sharing and restraint mechanism between shareholders and directors, senior managers, management backbone and technical business backbone of the company (including subsidiaries), so as to realize the long-term sustainable development of the enterprise.
This week’s special topic: the registration system has been fully promoted, and the new revenue has stabilized and warmed up after inquiring about the new regulations
From the incremental breakthrough of the science and innovation board to the pilot promotion of the gem and the Beijing stock exchange, the reform of the registration system is expected to be fully launched. From the opening of the science and innovation board in July 2019 and the first pilot registration system to the listing and trading of the first batch of enterprises under the gem registration system in August 2020, China’s registration system reform has been steadily promoted, which has not only promoted the expansion of the capital market, but also opened up the financing channels of small and medium-sized enterprises, and achieved fruitful results. Since 2021, the reform of the registration system has been continuously and rapidly promoted. In April, the Shenzhen main board and the small and medium-sized board were merged. In September, the Beijing stock exchange established and synchronized the pilot registration system. In December, the central economic work conference included the full implementation of the stock issuance registration system into the economic work arrangement of 2022 for the first time. The reform of the full registration system is gradually advancing.
After the implementation of the new inquiry rules, the new revenue has declined rapidly, and has stabilized and warmed up at present. On September 18, 2021, the introduction of the new regulations on inquiry reshaped the new offline pattern of the registration system. The new regulations promoted the upward movement of the pricing center of new shares, resulting in a sharp narrowing of the first day increase of new shares, and even 12 companies broke on the first day, resulting in a sharp decline in new revenue. However, under the regulation of marketization, the increase of IPO pricing has led to the increase of total fund-raising, the decrease of the number of new accounts and the decrease of the shortlist rate have led to the increase of the winning rate. After the superposition break, the quotation of new investors has gradually become balanced, and the new income after the implementation of the new regulations has gradually stabilized and warmed up. In the context of the overall volatile market in 2021, the bottom position makes little contribution to the income of the new fund, and the new income contribution is the main income source of the new fund. Among them, the average yield of new fund products with a scale of 150-200 million yuan is as high as 10.02%, and the contribution of new income is 71.2%.
Key recommended themes and stocks
Smart car theme ( Huizhou Desay Sv Automotive Co.Ltd(002920) , Foryou Corporation(002906) , Ingenic Semiconductor Co.Ltd(300223) , Thunder Software Technology Co.Ltd(300496) , Lianchuang Electronic Technology Co.Ltd(002036) , Ningbo Joyson Electronic Corp(600699) , Meig Smart Technology Co.Ltd(002881) ); leisure snack theme ( Yanker Shop Food Co.Ltd(002847) , Bestore Co.Ltd(603719) , Three Squirrels Inc(300783) ); pet and Breakfast theme ( Petpal Pet Nutrition Technology Co.Ltd(300673) , Zhongyin Babi Food Co.Ltd(605338) ); high-end manufacturing theme ( Amlogic (Shanghai) Co.Ltd(688099) , Jade Bird Fire Co.Ltd(002960) , Jutze Intelligent Technology Co.Ltd(300802) , Jiangsu Ankura Smart Transmission Engineering Technology Co.Ltd(300617) ).
Risk tip: the economy has fallen sharply; Major changes in capital market reform policies; The prosperity of the industry is lower than expected.
