daily selection
interface news: Zhejiang Huayou Cobalt Co.Ltd(603799) 3 announced in the evening of September 9. Recently, it was concerned about media reports about the company’s accumulation of a large number of short positions in the nickel derivatives market and the possible impact of partners on the company’s Indonesian nickel resource development project. The company has arranged nickel cobalt resource development business in Indonesia. In order to stabilize operation and prevent risks, in the case of continuous high nickel price, in order to prevent and control the risk of price decline and lock in operating profits, the company carries out nickel hedging business in strict accordance with the company’s hedging management system in combination with its own production and operation. Hedging business is a common risk prevention tool in production and operation, not active speculation. Recently, the nickel futures market has experienced abnormal fluctuations. Up to now, the company has not been forced to close its positions, and the risk is controllable. [details]
Securities Daily: on March 9, Qingshan group replaced China’s metal nickel sector with its high matte nickel, which has been allocated to sufficient spot for delivery through various channels. Analysts generally believe that the long and short forces in the nickel futures market in London have reversed, and the above-mentioned foreign investors who maliciously short may face the embarrassing situation of “lifting a stone and hitting their own feet”. A researcher in the metal futures industry told reporters that if calculated according to the latest quotation of US $80000 / hand (6 tons per hand) when the London Metal Exchange suspended trading on March 8, it is assumed that the cost of metal nickel produced by the company in Indonesia is US $10000 / ton. If the company can normally deliver 200000 tons of metal nickel spot to foreign bulls as scheduled, it can obtain a gross profit of US $20000 per hand, corresponding to a gross profit of US $667 million for 200000 tons. [details]
China Securities News: it is reported that the price of battery grade lithium carbonate continues to rise, and the quotation has exceeded 500000 yuan / ton recently. Midstream battery plants have huge cost pressure. Many battery plants in China do not buy goods or receive orders to fight the soaring price of lithium carbonate. The reporter of China Securities Journal asked several battery factories for confirmation on this matter, Contemporary Amperex Technology Co.Limited(300750) responded: “this situation does not exist.” Eve Energy Co.Ltd(300014) said: “the current production schedule is normal.” Gotion High-Tech Co.Ltd(002074) said: “at present, it is still normal to ensure downstream supply.” Byd Company Limited(002594) did not respond to this matter. As the leader of lithium ore, Ganfeng Lithium Co.Ltd(002460) relevant person in charge told the reporter of China Securities Journal: “at present, there is no situation that the battery factory does not buy goods, and the production line is in the state of full production and full sales.” [details]
macro economy
The notice of the provincial government on accelerating the recovery of the epidemic situation under the premise that the epidemic situation will be controlled by the end of August, 2019, the provincial government issued the notice on accelerating the recovery of the epidemic situation. The notice proposes to encourage enterprises to carry out promotional activities. Encourage class a scenic spots that implement the government guided price to carry out ticket price reduction and promotion activities, and the provincial finance will give 50% subsidy according to the amount of reduction and exemption. [details]
interface news: on March 9, Li Xiaopeng, Minister of transportation, presided over a ministerial meeting. The meeting emphasized that transportation is one of the important areas of carbon emission. First, we should optimize the transportation structure, promote the transportation of bulk goods and medium and long-distance goods from “Railway” to “water”, and give full play to the combination advantages of comprehensive transportation and the comparative advantages of various transportation modes. Second, promote the application of energy-saving and low-carbon equipment, and accelerate the promotion and application of new and clean energy vehicles and ships. Third, focus on green and low-carbon travel and improve the proportion of green travel in cities. Fourth, focus on the construction of green and low-carbon infrastructure. [details]
Shanghai Securities News: reporters learned that the profits handed over by the central bank are not equal to the reduction of the reserve requirement, but they have the effect of similar “reduction of the reserve requirement” – in terms of the effect of boosting the economy, the two are expected to achieve “the same goal by different paths”. The specific liquidity release effect of turned in profits still depends on many factors. Moreover, this does not mean that the RRR window is closed. Insiders said that although the necessity of subsequent RRR reduction has been reduced, whether the RRR reduction is implemented still depends on the macroeconomic and financial operation situation. In addition, considering internal and external factors, the probability of interest rate reduction in the near future increases. [details]
interface news: recently, a document “letter from the office of Guangdong Provincial Health and Health Commission on Soliciting Opinions on medical and cosmetic surgery projects and their hierarchical management catalogue in Guangdong Province” circulated in the industry. The opinions show that Guangdong Provincial Health and Health Commission plans to raise the level of a number of medical and aesthetic surgery. In addition, 176 grade III and IV surgery projects have been added. At the same time, the departments of cosmetic dentistry, cosmetic dermatology and cosmetic traditional Chinese medicine will be adjusted according to the actual situation. [details]
industry trends
Securities Times: the reporter learned from the company that in 2021, the number of residential orders for rural villagers on Tujia platform increased by 30% compared with that in 2020, generating more than 2 billion yuan for rural landlords. Hu Yang, vice president of Tujia B & B, said that at present, Tujia platform has operated more than 2 million B & B houses. In terms of industry, the number of home stay houses nationwide has exceeded 3.5 million. Among them, rural home stay is one of the fastest growing markets after the epidemic. [details]
first finance and Economics: behind the unprecedented “air battle” of nickel on the London Metal Exchange, nickel is one of the important raw materials of ternary lithium battery, and under the trend of high nickel technology, the rise of its price will directly affect the production cost of the whole new energy vehicle industry. According to Tianfeng Securities Co.Ltd(601162) estimation, under the trend of high nickel and cobalt removal, the demand for nickel from ternary precursors has increased significantly, and the amount of nickel has increased from 21.5% in series 3 to 52.2% in series 8. For every 100000 yuan / ton increase in nickel price, the single vehicle cost of 50 kwh pure electric vehicle needs to increase by 2261 yuan, 2709 yuan for 6 series and 3605 yuan for 8 series. [details]
China News Network: in 2021, international shipping costs soared, and “one ship is hard to find” and even “one container is hard to find” were frequently staged. This also brought fire to the shipbuilding industry upstream of the industrial chain. Orders from China’s major shipyards have soared, and Jiangnan Shipbuilding, Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) shipbuilding and other shipyards are in full production, with shipments scheduled to 2024 or even 2025. [details]
financial Associated Press: passenger car association data show that from March 1 to 6, the retail sales of passenger cars were 223000, a year-on-year decrease of 13%, a month-on-week decrease of 49% and an increase of 42% over the same period last month.
The wholesale of passenger cars was 239000, a year-on-year decrease of 21%, a month-on-month decrease of 52% and an increase of 44% over the same period last month. In the first week of March this year, the retail sales of the overall narrow passenger car market reached 37000 vehicles per day, a year-on-year decrease of 13%, and the performance was relatively weak, an increase of 42% compared with the average value in the first to second weeks of February. [details]
stock market focus
financial Associated Press: China Securities Co.Ltd(601066) strategy Chen Guo commented that the short-term oversold of A-Shares and the short-term sharp decline were mainly due to the passive stop loss selling of absolute income since the beginning of the year, and the decline of this nature is expected to be repaired. The conflict between Russia and Ukraine has shown signs of slowing down. Once there is another signal of slowing down, the market will rebound. The time window for the next counterattack may open at any time and may last until the eve of the next FOMC meeting. It is expected that the performance of growth stocks and gem in the next counterattack will be better than that in February. It is not suitable to reduce positions in the short term. It is advisable to gradually increase positions next week, focusing on meeting the double standards of large adjustment range at the beginning of the year + good expected first quarter report. [details]
A \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\, Jiangxi Copper Company Limited(600362) , Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , etc. In fact, the monthly operating data belongs to voluntary disclosure of information. At the critical moment of a shares, performance is the best reassurance. Monthly disclosure is also a way to increase the transparency of information disclosure, which can better safeguard the interests of investors, help stabilize the company’s stock price and enhance the confidence of investors. [details]
financial Associated Press: lme nickel rose 250% in two trading days, and trading has been suspended; Nickel futures in the previous period rose by 43% for three consecutive trading days. 20 A-share listed companies responded to the impact of nickel price rise on the interactive platform today: Chengtun Mining Group Co.Ltd(600711) said that the company did not participate in copper and nickel futures market speculation, and the number of hedging positions is small at present Jiangsu Toland Alloy Co.Ltd(300855) said that the company did not participate in futures speculation, and there was no risk of position explosion and so on Miracle Automation Engineering Co.Ltd(002009) said that if the nickel price remains high, it may increase the selling price of the company’s nickel products and the income of existing inventory. [details]
China Securities Journal: on March 9, A-Shares bottomed out and rebounded. Huaxia Fund said that market volatility is a normal phenomenon, and panic decline is often the timing of layout. After the decline, a large number of high-quality asset valuations with high previous valuations began to return to a reasonable range. Huaxia Fund pointed out that market volatility is a normal phenomenon, and stocks rise and fall. As long as there are no large-scale and systematic problems, there is no need to be overly pessimistic. Looking back, panic falls are often the timing of layout. After this round of decline, the valuation of a large number of high-quality assets with high previous valuation began to return to a reasonable range. Some enterprises of these high-quality assets will also benefit from the current economic recovery. At the same time, they will continue to contribute to good profit growth for a long time and still have great allocation attraction for long-term funds. [details]
subscription of new shares: Harbin Welding Huatong, he Ophthalmology, Huarong chemical
new bond subscription: none
IPO: Wankong Zhizao
listing of new bonds: Suli convertible bonds
corporate news
Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) : comprehensively increase the selling price of various models of titanium dioxide
Wingtech Technology Co.Ltd(600745) : successful production of new products in semiconductor business
Anhui Zhongding Sealing Parts Co.Ltd(000887) : won the project designation letter of a new power brand supplier in China
Shanghai Daimay Automotive Interior Co.Ltd(603730) : won the order of ceiling system from well-known foreign new energy vehicle manufacturers
st Shida: suspension verification completed, and the trading of shares resumed on the 10th day
Hainan Mining Co.Ltd(601969) : iron ore and crude oil price increases have a positive impact on the company in the short term
Boe Technology Group Co.Ltd(000725) : : net profit of RMB 25.826 billion in 2021, with a year-on-year increase of 412.86%
Wuxi Apptec Co.Ltd(603259) : estimated revenue in the first quarter increased by 65% – 68% year-on-year
Guangzhou Tinci Materials Technology Co.Ltd(002709) : net profit in the first two months was about 860 million yuan, with a year-on-year increase of about 470%
National Silicon Industry Group Co.Ltd(688126) : 1-february revenue was about 511 million yuan, with a year-on-year increase of 51%
Tongwei Co.Ltd(600438) : the net profit in the first two months was about 3.3 billion yuan, with a year-on-year increase of about 650%
Hengli Petrochemical Co.Ltd(600346) : intends to repurchase shares of RMB 1 billion to RMB 1.5 billion
Wuxi Shangji Automation Co.Ltd(603185) : estimated amount of long-term sales contract signed by subsidiaries 3.599 billion yuan
data list
Shanghai and Shenzhen Stock Markets: on March 9, the Shanghai and Shenzhen stock index once fell sharply, the Shanghai and Shenzhen stock index once fell more than 4%, fell below 3200 points, and rebounded in the afternoon. As of the close, the stock index fell 1.13% and stood at 3200 points again; The Shenzhen Component Index fell 1.12% and the gem index fell 0.63%. In terms of sectors, the concept of counting from the east to the West rose sharply, Leon Technology Co.Ltd(300603) , Xinjiang Sailing Information Technology Co.Ltd(300588) , Yimikang Tech.Group.Co.Ltd(300249) , etc. all rose by 20%. BIPV concept, green power, coal, electric power, tourism, construction, semiconductors, etc. led the increase. Oil, securities, nonferrous metals and nickel metals led the decline. About 3600 stocks in the two cities fell. More than 50 stocks rose by 10% or more.
Hong Kong stocks: Hong Kong stock Hang Seng Index closed down 0.67%, and Hang Seng technology index rebounded in the afternoon and closed up 0.26%.
Sporting goods and biotechnology stocks led the decline, with Li Ning down more than 9% and Yao Ming biology down more than 6%.
Shanghai Shenzhen Hong Kong stock connect: march 9, statistics showed that the total net sales of northbound funds were 10.935 billion yuan, including 5.283 billion yuan for Shanghai Stock connect and 5.652 billion yuan for Shenzhen Stock connect. Among the top ten traded stocks, the top three in net purchases are Nari Technology Co.Ltd(600406) , Longi Green Energy Technology Co.Ltd(601012) , Wuliangye Yibin Co.Ltd(000858) , with net purchases of 404 million yuan, 386 million yuan and 140 million yuan respectively. The top three in net sales are Contemporary Amperex Technology Co.Limited(300750) , Ping An Bank Co.Ltd(000001) , Ping An Insurance (Group) Company Of China Ltd(601318) , with net sales of 929 million yuan, 549 million yuan and 531 million yuan respectively.
dragon and tiger list: on March 9, the largest net capital inflow was Anhui Golden Seed Winery Co.Ltd(600199) , with a net purchase amount of more than 130 million yuan. The data showed that the stock rose 10% within the day, the stock price rose 16% in the past three trading days, and the turnover rate within the day was 20.30%. A total of 22 stocks were involved in the institutional participation in the dragon and tiger list, of which 11 were net bought by the institution, and Zhejiang Huayou Cobalt Co.Ltd(603799) was the most bought, amounting to 94.96 million yuan. In addition, 11 shares were net sold by institutions, of which Andon Health Co.Ltd(002432) sold the most, with 190 million yuan.
margin trading : as of March 8, the balance of Shanghai and Shenzhen stock markets was 1720187 billion yuan, a decrease of 3.746 billion yuan compared with the previous trading day. Among them, the financing balance was 162941 billion yuan, a decrease of 1.944 billion yuan compared with the previous trading day; The balance of securities lending was 90.777 billion yuan, a decrease of 1.802 billion yuan compared with the previous trading day.
Shibor : Shibor reported 2.0240% overnight, down 3.2 basis points; Seven days Shibor reported 2.0590%, down 5.5 basis points; Three month Shibor reported 2.3590%, down 0.2 basis points
foreign exchange
On March 9, the central parity rate of RMB was reported at 6.3178, up 7 points, and the central parity rate of the previous trading day was reported at 6.3185. On March 9, the onshore RMB closed at 6.3163 against the US dollar, down 22 basis points from the previous trading day
property market observation
chinanews: recently, the Institute of housing and community, School of architecture, Tsinghua University, jointly with the shell Research Institute, released the survey on the rental demand of new citizens in first tier cities in the series of insight report on the rental demand of new citizens. The report found that the rental demand in first tier cities remained strong and the demand for family type rental was prominent. The proportion of married tenants in first tier cities is 4 percentage points higher than that in other cities, of which Beijing has the most married tenants, reaching nearly 30%. [details]
Securities Daily: on March 8, the general office of Zhengzhou Municipal People’s Government of Henan Province issued the implementation opinions on actively promoting the monetization and resettlement of greenhouse residential area reconstruction projects. The implementation opinions clearly states that through the implementation of monetization resettlement, we can meet the diversified resettlement needs of the relocated people, shorten the resettlement cycle, improve the resettlement efficiency, reduce the transitional resettlement costs, intensively use construction land, digest the stock of houses, and promote the healthy and sustainable development of the real estate market. [details]
International Information
financial Associated Press: according to RIA Novosti reported on the 9th, the Russian foreign trade and Economic Cooperation Bank (FTB) announced that the bank has started RMB deposit business since March 9, with a maximum annual interest rate of 8% and a minimum deposit of 100 yuan. The minimum deposit required by individual business offices of Russian foreign trade bank is 500 yuan. The Russian Foreign Trade Bank also said that the new business will become the “most favorable option” for foreign exchange deposits. [details]
interface news: Bloomberg reported on March 9 that Indonesia’s minister for political, legal and security coordination luhut panjaitan said that Indonesia may reconsider imposing export taxes on ferronickel and nickel pig iron. In addition, Indonesia plans to increase nickel production by up to 400000 tons in 2022. [details]
futures market
China Futures: China commodity futures closed, and the main contracts of Shanghai nickel, palm oil and asphalt rose by the limit, of which Shanghai nickel rose by the limit for three consecutive trading days; Fuel oil and Lu rose by more than 7%, crude oil and rapeseed meal by about 5%, staple fiber and plastics by more than 4%, soybean meal and Hujin by more than 3%, Zheng alcohol and Douyi by more than 2%, coking coal and PVC by more than 1%, coke and sugar by a small margin; Zheng coal fell more than 6%, soda ash and Shanghai aluminum fell more than 5%, iron ore and ferrosilicon fell more than 3%, SS and red dates fell more than 2%, apple and international copper fell more than 1%, and urea and eggs fell slightly. Crude oil futures in the previous period closed at the limit, down 13% to 700.3 yuan / barrel; Shanghai gold fell 2.87% and Shanghai silver fell 3.89%.
International Futures: WTI April crude oil futures fell 12.12% to US $108.70/barrel; Brent crude oil futures fell 13.16%, the largest one-day decline since April 2020, to $111.14/barrel. COMEX April gold futures fell 2.7% to US $198820/oz, ending the previous four consecutive days of gains
overseas index
US stock market: the three major indexes of US stocks closed up sharply, with the Dow index up 2%, the S & P 500 index up 2.57% and the NASDAQ index up 3.59%. Automobile and semiconductor sectors were among the top gainers. Ideal car rose nearly 14%, velai rose more than 12%, NVIDIA rose nearly 7%, Google rose more than 5%, Microsoft and Tesla rose more than 4%, and apple rose more than 3%.
European stock markets: major European stock indexes rose sharply, with Germany DAX30 index up 7.89%, Britain FTSE 100 index up 3.44% and France CAC40 index up 7.13%.
Asia Pacific Stock Market: Nikkei 225 index closed down 67.45 points, or 0.27%, at 247235 points. The Seoul stock exchange of South Korea is closed for a day due to the presidential election.
