Index
On Thursday, March 10, 2022, as of the closing, the Shanghai Composite Index rose 1.22% to 329606 points, the Shenzhen Component Index rose 2.18%, the gem index rose 2.67%, and the turnover between the two cities reached 1078.7 billion. The infrastructure sector performed well. In traditional infrastructure, infrastructure rose by 0.73%, building materials rose by 2.85% and glass fiber rose by 4.19%; In the new infrastructure, new energy and power grid equipment increased significantly, up 4.43% and 2.56% respectively.
Comments
After yesterday’s deep V rebound, the market opened high today and the panic was released, but the interference factors of the external environment still exist. In the short term, the market trend may continue to be affected by it. At the same time, the market is gradually releasing some good news, so as to stabilize investors’ confidence in the current market. Recently, relevant companies in the infrastructure sector have successively issued performance announcements from January to February, the latest project bid winning announcements and contract signing. According to these information, it can be seen that the growth rate of enterprise performance can be guaranteed, and there will be no major problems in the fundamentals. It can also be seen that the national policies and investments on steady growth have begun to be implemented locally. The director of the national development and Reform Commission also said that at present, the most important work is to promote the projects under construction to speed up the construction progress and complete and put into operation as soon as possible. At the same time, all localities and industries can speed up the planning of a number of new projects and promote the preliminary work, which can be transformed into specific construction, forming a virtuous circle of rolling development of planning, construction in progress and completion and operation. When it is impossible to determine when the disturbance of the external environment will end, we can confirm that the infrastructure sector has started to work in the first quarter. We also believe that the national fiscal and monetary policies can effectively support the stable and sustainable development of the industry and alleviate the impact of the external environment on the market. We believe that the infrastructure sector is expected to get out of the independent market.
Industry dynamics
On the morning of March 10, the third “committee channel” collective interview of the fifth session of the 13th CPPCC National Committee was held. Wu Gang, member of the National Committee of the Chinese people’s Political Consultative Conference and chairman of Xinjiang Goldwind Science And Technology Co.Ltd(002202) Co., Ltd., said that the confidence and confidence to achieve the double carbon goal not only come from the realities we see, but also based on the data behind these realities. China’s wind power installation ranks first in the world for 10 consecutive years. China has now become the world’s largest base for wind power equipment manufacturing, It is also an export base of complete machines and parts. In the past 10 years, China’s installed capacity of wind power has increased by four times for many consecutive years, of which offshore wind power has increased by more than 100 times. Wind power generation has now become the third main power supply after thermal power and hydropower. (Securities Daily)
Company dynamics
Metallurgical Corporation Of China Ltd(601618) ( Metallurgical Corporation Of China Ltd(601618) ): the newly signed contract amount of the company from January to February 2022 was RMB 208.63 billion, an increase of 14.6% over the same period of last year. （iFinD）
Risk warning: the macro policy is not as expected; Raw material prices rose more than expected.
