In 2021, A-Shares officially ended. What major events have taken place in the market? How did the index and individual stocks perform?
Looking back on this year of ups and downs, various hot events are still fresh in my mind: the opening of the Beijing stock exchange, the resignation of independent directors, and the transaction volume hit a record high… All of which have left a strong mark in the development of a shares.
As of the closing on December 31, 2021, the Shanghai composite index reported 3639.78 points, the Shenzhen composite index reported 14857.35 points and the gem index reported 3322.67 points. The annual trend of the three indexes recorded an increase for three consecutive years.
In 2021, the trend of each index is quite different: the active gem index leads with an increase of 12.02%; Although the Shanghai stock index ranked second with a score of 4.8%, the trend of the whole year was calm, hovering around 3600 points and setting a record of the lowest amplitude in history; The third place was the Shenzhen composite index, which rose slightly by 2.67%.
In 2021, the total market value of A-Shares rose to 92 trillion yuan, an increase of more than 16 trillion yuan, an increase of more than 10%. From the perspective of shareholders, after deducting the market value corresponding to the issuance of new shares, the market value of private placement in 2021, and the amount of cash dividends of A-Shares in 2021, the market value of A-Shares will increase by 9 trillion in 2021. Based on the 190 million investors in November, the average Chinese investor earned nearly 50000 in 2021.
The scientific innovation board achieved rapid growth in the “second grade”, and its market value increased by nearly 70%.
Although the index performance is average, the trading enthusiasm of the market is high. In 2021, the total turnover of Shanghai and Shenzhen stock markets reached 256.19 trillion yuan, exceeding the annual total turnover of 254.5 trillion yuan in 2015, a record high.
Another record occurred from July 21 to September 29, 2021. The turnover of Shanghai and Shenzhen stock markets exceeded trillion for 49 consecutive trading days, also setting a new record in 2015.
With regard to the increasing turnover of a shares, China International Capital Corporation Limited(601995) said that with the appreciation of the stock market itself and the expansion of the number of listed companies and share capital, the free circulation market value of A-Shares is also increasing year by year, exceeding 40 trillion yuan. From the historical data, the turnover rate corresponding to the free circulation market value of A-Shares has the characteristics of mean regression. Calculated by the average historical turnover rate of 2.57%, the theoretical turnover has exceeded 1 trillion yuan. China International Capital Corporation Limited(601995) it is estimated that trillion transactions may be the new equilibrium level of daily turnover of a shares.
Since 2021, the northern capital known as “smart money” has greatly increased its holdings of A-Shares by 432.169 billion yuan, breaking the net purchase record of 350 billion yuan in 2019, a new high since the opening of the Shanghai Stock connect.
In December 2021, the inflow of foreign capital accelerated, especially from December 6 to 12, with a net purchase of 48.834 billion yuan in a single week, a new high in a single week of the year.
In terms of industry, power equipment won the “strongest industry” in 2021, with an annual increase of 45%, followed by non-ferrous metals, with an increase of 41.3% during the year. In addition, the annual growth of chemical industry, coal, steel and other cyclical sectors, as well as public utilities, exceeded 30%.
In 2021, the industry rotation of A-share market is fast, various hot concepts emerge one after another, and there is no lack of structural bull market. However, investors generally feel that it is difficult to invest. There are often ups and downs in the industry, and there are rotation and differentiation in the performance of large and small stocks, value and growth.
In terms of stock market value, the total market value of Kweichow Moutai Co.Ltd(600519) in 2021 has always ranked first. Although the share price once fell to around 1500 yuan in late August, and the market value fell below the 2 trillion mark, it gradually rebounded and rebounded to above 2000 yuan in December, and the total market value stood firm again at 2 trillion yuan.
As the “ningwang” of the new energy track, Contemporary Amperex Technology Co.Limited(300750) rose suddenly in the market value list in 2021. After more than doubling in 2020, it still rose by nearly 70% in 2021, and the total market value ranked among the top ten.
It is worth mentioning that in October 2021, the total market value of Contemporary Amperex Technology Co.Limited(300750) once exceeded 1.5 trillion yuan, surpassing Industrial And Commercial Bank Of China Limited(601398) , second only to Kweichow Moutai Co.Ltd(600519) . However, due to the correction of stock price in December, the market value shrank and finally retreated to third place.
In 2021, the top ten bull and bear stocks were announced: the top ten bull stocks rose by more than 380%, and companies related to the new energy industry accounted for half of the country. The top ten bear stocks fell by more than 60%, led by two once 100 billion “Star” stocks, Offcn Education Technology Co.Ltd(002607) and China Fortune Land Development Co.Ltd(600340) .
Hubei Yihua Chemical Industry Co.Ltd(000422) became the “stock king” in 2021 with an annual increase of 566%. The company’s main products are chlor alkali, diammonium phosphate, urea, etc. in 2021, the price rise tide occurred one after another, the company’s profit space improved significantly, the performance reversed losses, and took off the hat in June of that year. The deduction of non net profit in the first three quarters reached 158 million, 468 million and 695 million respectively, totaling 1.32 billion yuan.
In the list of up / down limits, Shenzhen Sunrise New Energy Co.Ltd(002256) won the “double first”, and the days of up and down limits in 2021 were 57 and 22 days respectively.
Under the background of negative deduction of non net profit for three consecutive years, Shenzhen Sunrise New Energy Co.Ltd(002256) with worrying performance is a hot potato. According to Shenzhen Sunrise New Energy Co.Ltd(002256) announcement, the shares of the company held by Shenzhen Huitong Zhengyuan equity investment fund partnership (limited partnership), the major shareholder of the company, have been sold twice. Due to the case of notarization of creditor’s rights documents, 121 million shares of the company held by Huitong Zhengyuan were auctioned on September 14 and October 15, 2021. Both auctions were sold out because there was no bidding.
In 2021, Guangdong Shunkong Development Co.Ltd(003039) was the most frequently listed on the dragon and tiger list, with a turnover of more than 10 billion yuan. In April 2021, Guangdong Shunkong Development Co.Ltd(003039) broke the record of the longest board connection of A-Shares in the year with the record of raising the limit for 21 consecutive days. At that time, some market participants believed that the company’s waste incineration business coincided with the concept of carbon neutralization, but then the company issued an announcement suggesting that the valuation was high risk, and the stock price returned to rationality, falling back to 31.03 yuan from the high point of 62.89 yuan.
In 2021, the frequency of institutional research and the number of companies increased significantly. According to the statistics of 21 INVESTMENT link, 2971 listed companies were investigated in 2021, which is 1.7 times that of 1754 in 2020.
Specifically, institutions focus on electronics, medicine, biology and other industries, of which Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) is the most popular, with 1889 institutions participating in the research.
The most profitable new shares in 2021 are Chengdu Xgimi Technology Co.Ltd(688696) , with an issue price of 133.73 yuan. The closing price on the first day of listing rose sharply to 530.01 yuan, with a profit of nearly 400000 per winning contract.
However, the new bonus is also gradually disappearing. In the fourth quarter of 2021, A-Shares had a very rare breaking tide. In 2021, 524 new shares were listed, of which 22 closed on the first day of listing, accounting for about 4.2%.
Yang Delong, chief economist of Qianhai Kaiyuan, analyzed that under the new share inquiry system of the registration system, some institutions will raise the price to a certain extent in order to be shortlisted. It is precisely because the issue price is too high, coupled with the recent relative downturn in the secondary market, the phenomenon of breaking new shares occurs from time to time. Investors should not blindly make new ones, but should analyze them in combination with fundamentals.
(statement: the contents of the article are for reference only and do not constitute investment suggestions. Investors operate accordingly at their own risk.)
(21st Century Business Herald)
