Today (March 14), after the Shanghai and Shenzhen stock markets opened low, they maintained a weak shock in the morning, and the decline of the stock index further deepened in the afternoon, showing a pattern of contraction decline. On the disk, in terms of the industry, aerospace is outstanding, and the decline of pharmaceutical commerce and chemical pharmacy is slightly shallow; Wine making, tourism and hotels, wind power, coal, electric power, nonferrous metals, energy metals, gas, semiconductors, oil and other sectors led the decline. In terms of subject stocks, covid-19 drugs, heparin concept, recombinant protein and covid-19 detection rose against the trend; Oil prices, beer concepts, online travel, oil and gas services, green electricity, Baijiu, pork concept, East number West calculation and other concepts led to a fall.
alcohol stocks fell sharply Jiugui Liquor Co.Ltd(000799) , Shede Spirits Co.Ltd(600702) fell by more than 8% Kweichow Moutai Co.Ltd(600519) fell by nearly 4%
Alcohol stocks fell sharply in the session on the 14th. As of press time, Jiugui Liquor Co.Ltd(000799) , Shede Spirits Co.Ltd(600702) led the decline, Anhui Kouzi Distillery Co.Ltd(603589) , Tsingtao Brewery Company Limited(600600) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) also fell sharply, Kweichow Moutai Co.Ltd(600519) fell nearly 4%, approaching the 1700 yuan mark, Wuliangye Yibin Co.Ltd(000858) fell about 3%.
Basically, recently, a number of Baijiu enterprises released performance data. Among them, Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) and Anhui Gujing Distillery Company Limited(000596) released the performance data of 2021, which ended successfully in 2021 and achieved steady growth Kweichow Moutai Co.Ltd(600519) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiugui Liquor Co.Ltd(000799) and Jiangsu King'S Luck Brewery Joint-Stock Co.Ltd(603369) released the data of 1-2 months in 2022. According to the published data, the four Baijiu enterprises performed well in the core products during the Spring Festival, and achieved a good start.
Wuliangye Yibin Co.Ltd(000858) disclosed the main performance data of 2021. The company expects the net profit attributable to shareholders of Listed Companies in 2021 to be about 23.35 billion yuan, an increase of about 17% over the same period of last year. The company said that in 2021, the company's operating revenue and net profit attributable to shareholders of listed companies increased compared with the same period of last year, mainly due to the continuous growth of the volume and price of the company's core products.
Luzhou Laojiao Co.Ltd(000568) disclosed 2021 annual performance express shows that during the reporting period, the company's net profit attributable to shareholders of listed companies increased by more than 30%, mainly due to the growth of operating revenue and the continuous increase in the proportion of medium and high-end products. At the same time, the company implemented refined management to further reduce the expense rate.
In addition, the operation from January to February 2022 disclosed by Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) revealed that in 2022, the company continued to gather brand potential energy and comprehensively improve operation efficiency. Each sales area overcame the impact of the epidemic and arranged the peak season of the Spring Festival ahead of schedule. The overall market sales were good, the middle and high-end products such as Qinghua Fenjiu series achieved substantial growth, and the operating revenue and net profit achieved the best level in history. After preliminary accounting, from January to February 2022, the company is expected to achieve a total operating revenue of more than 7.4 billion yuan, with a year-on-year increase of more than 35%; The net profit attributable to shareholders of listed companies is expected to be more than 2.7 billion yuan, with a year-on-year growth rate of more than 50%.
Kweichow Moutai Co.Ltd(600519) disclosed the main business data from January to February 2022, which shows that during the Spring Festival in 2022, the sales momentum of the company's products is good, the market shows a strong sales trend, and the company has successfully achieved a "good start". According to the preliminary accounting of the company, from January to February 2022, the company achieved a total operating revenue of about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit attributable to shareholders of listed companies was about 10.2 billion yuan, an increase of about 20% year-on-year.
For the whole sector, Zheshang Securities Co.Ltd(601878) said that Baijiu sector belongs to the previous period of decline, "the basic trend towards good trend has not changed, and the main is the disturbance of sentiment". In the first quarter of 2022, the sector performance has increased significantly, and the valuation of the sector has also been cost-effective.
electronic ID card accelerated concept stocks led the gains strongly which companies benefited first
In the afternoon of Monday Monday afternoon, the concept stock of electronic ID card continues to be active on the concept stock of electronic ID card, and the concept stock of electronic ID card continues to be active on Monday afternoon, with Hangzhou Everfine Photo-E-Info Co.Ltd(300306) 306 rise. In February this year, the general office of the State Council issued the "opinions on accelerating the expansion of the application field of electronic certificates and licenses and national mutual recognition", which proposed that by the end of 2022, the commonly used certificates and licenses of enterprises and the masses will be basically electronic. By 2025, the application field of electronic certificates and licenses will be more extensive, and the birth medical certificate, household register, ID card The electronic application of personal commonly used licenses such as social security cards will promote the universal use of relevant electronic licenses.
Everbright Securities Company Limited(601788) research report points out that digital ID card is one of the basic applications of the "Internet plus" trusted identity authentication platform (CTID platform). In the early stage of the construction of digital identity infrastructure, there will be a scene construction of tens of millions of terminals. It is conservatively estimated that only in the fields of medical treatment, finance, hotel and home stay, the realization of the first level application can bring the order of magnitude space of more than 13 million devices.
China International Capital Corporation Limited(601995) believes that there are many related sectors in the digital ID card industry chain, and the manufacturers of core tracks are expected to benefit from resonance. Manufacturers of core technologies of identity authentication and recognition, including intelligent information collection and identity recognition manufacturers such as face recognition and fingerprint recognition, password solution manufacturers such as PKI, CA certification manufacturers, electronic signature manufacturers, etc; Public security departments and other departments of digital identity management platform manufacturers, such as the Ministry of public security citizen network identity recognition system, "Internet plus" trusted identity authentication platform (CTID platform); Other auxiliary technology manufacturers, including smart chip hardware manufacturers, QR code recognition module manufacturers, and data security solution suppliers.
covid-19 virus antigen detection application scheme release or promote the development of related industries (with shares)
According to the national Wei Jian Committee, the State Council should respond to the New Coronavirus pneumonia epidemic prevention and control mechanism integrated group, and based on the nucleic acid detection, increase the antigen detection as a supplement, and organize the formulation of the COVID-19 virus antigen detection application plan (Trial Implementation).
The scheme stipulates the applicable groups for antigen detection: first, those who go to grass-roots medical and health institutions with respiratory tract, fever and other symptoms within 5 days; Second, isolate observers, including those in home isolation observation, close connection and secondary close connection, entry isolation observation, sealing and control area and control area; Third, community residents who need antigen self-test. At the same time, the main conditions to be met for antigen detection of the three groups and the access to detection reagents were clarified, and the disposal management process after positive detection was formulated to promote the connection between antigen detection and nucleic acid detection.
Zhongtai Securities Co.Ltd(600918) believes that referring to the distribution policy of overseas covid-19 antigen self-test kit, it is expected that the market scale of covid-19 antigen self-test kit in China is expected to reach 17.7-26.6 billion yuan per month. Considering the continuous recurrence of the epidemic and the subsequent demand for opening up the country, it is suggested to continue to pay attention to investment opportunities in covid-19 related industrial chains and pay attention to two main lines:
1) detection, such as: detection, such as Guangzhou Wondfo Biotech Co.Ltd(300482) cursor, such as Sino Biological Inc(301047) , Acrobiosystems Co.Ltd(301080) , Zhejiang Gongdong Medical Technology Co.Ltd(605369) , Shenzhen Changhong Technology Co.Ltd(300151) , etc; In addition, considering the increased demand for self inspection, Yifeng Pharmacy Chain Co.Ltd(603939) , Lbx Pharmacy Chain Joint Stock Company(603883) , Dashenlin Pharmaceutical Group Co.Ltd(603233) , Yixintang Pharmaceutical Group Co.Ltd(002727) and other retail pharmacies are expected to continue to benefit;
2) oral drugs: the United States has two small molecule oral drugs: EUA Pfizer (paxlovid) and molnupiravir; Chinese real biological azvudine is in phase III clinic, and a variety of small molecule drugs in early clinical stage are under research, Shanghai Junshi Biosciences Co.Ltd(688180) vv116 has been approved overseas, and Frontier Biotechnologies Inc(688221) American phase I clinic is in progress. Focusing on the Chinese R & D and innovation enterprises, the Chinese R & D and innovation enterprises, the cdmo industry chain for new drugs created by big overseas drug companies, and the generic industry chain and the generic industry chain that focus on the Chinese R & D and innovation companies, the Chinese R & D and innovation enterprises, the big overseas drug companies, the cdmo industry chain for new drugs and the Chinese R & D and innovation enterprises, the big overseas drug companies, the cdmo industry chain for new drug cdmo industry chain and the generic industry chain, such as Beijing Abt Networks Co.Ltd(688168) 81 Shanghai Junshi Biosciences Co.Ltd(688180) , Aurisco Pharmaceutical Co.Ltd(605116) , Ningbo Menovo Pharmaceutical Co.Ltd(603538) , etc.
science and technology development plan for housing and urban and rural construction in the 14th five year plan issued by BIPV industrial chain or concern
The Ministry of housing and urban rural development recently issued the "14th five year plan" for the development of housing and urban and rural construction science and technology. Study the regional building energy efficiency improvement technology based on the accurate prediction of building user load and multi energy complementarity, carry out the integrated utilization of efficient and intelligent photovoltaic buildings, the construction of "light storage, direct and flexible" new building power system, the research and application of building city power grid energy interaction technology, and develop the efficient utilization technology of clean energy buildings such as urban wind power, geothermal and low-grade waste heat.
China Merchants Securities Co.Ltd(600999) pointed out that under the energy transformation, the carbon emission reduction function of building photovoltaic has been developed, and the policy has opened up a broad market. In order to achieve the goal of "double carbon", China has actively promoted the development of green industries, including building photovoltaic. Since the carbon emission during China State Construction Engineering Corporation Limited(601668) operation accounts for more than 20% of the total carbon emission in China, building photovoltaic has become an important driving force for energy transformation because it can provide clean building operation energy. Since the 14th five year plan, the state has launched a series of distributed photovoltaic construction policies, including "promotion of the whole county". At the same time, the sharp decline in the price of photovoltaic modules in the past decade has reduced the cost of building photovoltaic construction. Driven by the dual drive of national policies and market prices, the prospect of building photovoltaic market can be expected.
The agency believes that it is expected that by 2025, the cumulative installation area of photovoltaic roofs in China will reach 1.356 billion square meters and the installed capacity will reach 237.42gw From 2021 to 2025, the newly installed capacity will be 151.57gw, and the CAGR will reach 20.65%. The installed capacity of BIPV roof is about 28.66gw, accounting for 12% of the total installed capacity of roof, and the permeability will gradually increase. Under the background of "double carbon", the corresponding policies and industry standards for building photovoltaic are gradually introduced, and the photovoltaic roof market is expected to grow significantly from 2022; In the future, with the progress of thin-film cell technology, the market potential of photovoltaic facade is also expected to be stimulated. Combined with the rigid demand of building photovoltaic construction on the construction capacity of enterprises, it is suggested to pay attention to companies with rich construction experience and customer resources such as Center International Group Co.Ltd(603098) , Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Zhejiang Southeast Space Frame Co.Ltd(002135) , Jangho Group Co.Ltd(601886) , China State Construction Engineering Corporation Limited(601668) Xingye.
2 month national power battery loading increased by 145.1% year-on-year manufacturer concentration continued to increase (with shares)
According to the data of China automotive power battery industry innovation alliance, in February, China Shipbuilding Industry Group Power Co.Ltd(600482) battery loading volume was 13.7gwh, a year-on-year increase of 145.1%, a month on month decrease of 15.5%, and continued to maintain a significant growth year-on-year. Among them, the total loading of ternary batteries was 5.8gwh, an increase of 75.6% year-on-year and a decrease of 19.9% month on month; Lithium iron phosphate batteries were loaded with a total of 7.8gwh, an increase of 247.3% year-on-year and a decrease of 12.3% month on month. From January to February, China Shipbuilding Industry Group Power Co.Ltd(600482) battery loading volume totaled 29.9gwh, with a year-on-year increase of 109.7%. Among them, the total loading volume of ternary battery was 13.1gwh, accounting for 43.8% of the total loading volume, with a year-on-year increase of 50.6%; The cumulative loading volume of lithium iron phosphate battery is 16.7gwh, accounting for 55.9% of the total loading volume, with a year-on-year cumulative increase of 203.1%, showing a rapid growth momentum.
Yingda Securities pointed out that according to canalys data, the installed capacity of global power batteries reached 296.8gwh in 2021, with a year-on-year increase of 102.2%. Sneresearch predicts that by 2023, the global demand for electric vehicles for power batteries will reach 406gwh, the power battery capacity is expected to be 335gwh, and there will be a shortage of 16.5% in the market. Compared with 2020, the market share of China Shipbuilding Industry Group Power Co.Ltd(600482) battery enterprises in 2021 will not only continue to lead Japanese and Korean enterprises, but also further expand their leading advantages. Among the top ten power battery enterprises in the world in 2021, Chinese enterprises occupied 6 seats, with a total market share of 48.6%, an increase of about 10 percentage points year-on-year.
2021 is the year when the power battery industry opens a new round of expansion of the whole industrial chain, with a wide range, large scale and unprecedented investment. According to the statistics of lithium battery of Gaogong, the total investment of China Shipbuilding Industry Group Power Co.Ltd(600482) battery enterprise capacity planning project in 2021 exceeded 620 billion. Since this year, a number of power battery enterprises have started new projects with a total investment of nearly 100 billion yuan, and it is expected that the new production capacity will exceed 200 GWH As major battery companies expand their production, the degree of binding with car companies is an important factor for battery manufacturers to plan and implement, which is related to whether they can bring corresponding revenue to enterprises after the release of production capacity in the future.
In the field of passenger cars, the power battery is highly concentrated. Contemporary Amperex Technology Co.Limited(300750) is the main supplier of the vast majority of independent car enterprises, new power enterprises and joint ventures, Byd Company Limited(002594) self supply is the main supplier, AVIC lithium battery is mainly supplied to GAC passenger cars and Chongqing Changan Automobile Company Limited(000625) , Gotion High-Tech Co.Ltd(002074) is mainly supplied to SAIC GM Wuling, Anhui Jianghuai Automobile Group Corp.Ltd(600418) and Chery. In terms of the number of supporting vehicle enterprises, Contemporary Amperex Technology Co.Limited(300750) and LG have the most obvious advantages in new energy, and Byd Company Limited(002594) has great potential for external supply; Secondly, the second and third tier battery enterprises are more dependent on a single car enterprise, and the performance flexibility is also greater.
China's potassium chloride price continues to rise sharply institutions predict that the business cycle of potash fertilizer may exceed expectations (with shares)
According to the data of Baichuan information, since March this year, as the main variety of potassium fertilizer, the price of potassium chloride in China has reached 4200 yuan / ton, up 3.53% from last week, 20.86% monthly and more than 106% from the same period last year.
It is understood that potassium is a scarce resource in China. In addition, China's demand for potash fertilizer has continued to decline by more than 500000 tons per year, which has exacerbated China's independent import demand in recent years.
Citic Securities Company Limited(600030) pointed out that referring to history, the boom cycle of potash fertilizer is generally 2-3 years. It is considered that the upward cycle of this round of potash fertilizer (starting from 2021) is different from that of 20112013, 1 The current round of potash fertilizer cycle has shifted to the supply side, while the previous round of potash fertilizer is still in the period of rapid expansion. The global potash fertilizer increment from 2022 to 2024 is mainly concentrated in the former Soviet Union, which may slow down due to the impact of sanctions; 2. The performance of food prices is expected to exceed expectations. Under the frequent occurrence of war conflicts and extreme natural disasters, the global prices of wheat and corn may continue until 2023, while the last round of food prices has gradually fallen in 2012; 3. Price control of potash fertilizer. After the disintegration of BPC alliance in 2013, global potash fertilizer has entered the stage of "share priority". At present, under the allocation of oligarchs, it is expected that global potash fertilizer will still return to "price priority". Therefore, it is expected that the business cycle of this round of potash fertilizer may exceed expectations and is expected to continue to 2023 or later. Highlight Qinghai Salt Lake Industry Co.Ltd(000792) , the leader of China's potash fertilizer, Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) and Qingdao East Steel Tower Stock Co.Ltd(002545) , which actively promote the construction of potash fertilizer production capacity. It is suggested to pay attention to Zangger mining and Xinjiang Guannong Fruit & Antler Co.Ltd(600251) .
