Follow up comments
On March 16, 2022, the Shanghai Composite Index closed at 317071 points, up 3.48%; The Shenzhen Component Index closed at 1200096 points, up 4.02%. The Chongqing composite index, which we focus on, closed at 349945 points, up 3.56%; Sichuan composite index closed at 828009 points, up 4.03%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Yimikang Tech.Group.Co.Ltd(300249) ( Yimikang Tech.Group.Co.Ltd(300249) , 12.16%), Chengdu Xuguang Electronics Co.Ltd(600353) ( Chengdu Xuguang Electronics Co.Ltd(600353) , 10.08%), Dr.Peng Telecom&Media Group Co.Ltd(600804) ( Dr.Peng Telecom&Media Group Co.Ltd(600804) , 10.07%). The 42 companies we focused on rose by an average of 3.36%, among which the top three stocks were: Mianyang Fulin Precision Co.Ltd(300432) ( Mianyang Fulin Precision Co.Ltd(300432) , 9.30%), Chengdu Shenleng Liquefaction Plant Co.Ltd(300540) ( Chengdu Shenleng Liquefaction Plant Co.Ltd(300540) , 8.61%), Sichuan Languang Development Co.Ltd(600466) ( Sichuan Languang Development Co.Ltd(600466) , 8.59%). By industry, the top three sectors of average growth in Sichuan and Chongqing are: social services (7.86%), building materials (5.15%), textiles and clothing (5.40%).
The Civil Aviation Administration of China issued the guiding opinions of the Civil Aviation Administration of China on accelerating the construction of Chengdu Chongqing world-class airport cluster, proposing that by 2025, Chengdu Chongqing world-class airport cluster will begin to take shape, with a significant increase in international service capacity, comprehensive support strength, market development vitality and innovation and development power, and a significant increase in the level of coordinated development in multiple fields. It will become a world-class airport cluster in addition to Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong and Macao, The fourth pole supporting the development of China’s civil aviation. By 2035, Chengdu Chongqing world-class airport cluster will be fully completed. At the same time, it will build a global influential civil aviation science and technology innovation center, an international first-class education and training highland and a modern industrial cluster, becoming a leading demonstration area to lead and drive the construction of civil aviation power in many fields. The smooth flow of new water, land and air channels is conducive to further improve the logistics system in Sichuan and Chongqing and strengthen the radiation scope of Chengdu Chongqing economic circle. On the one hand, it helps the scale growth of transportation industry in Sichuan and Chongqing, on the other hand, it is also conducive to reducing costs, promoting business expansion and bringing new development opportunities to enterprises.
Industry dynamics
The people’s Government of Sichuan Province printed and distributed the implementation plan of national fitness in Sichuan Province, proposing that during the 14th Five Year Plan period, it will vigorously promote the construction of fitness venues and facilities around the people, build a four-level national fitness facility system, and constantly stimulate the enthusiasm of the market to participate in the construction of sports venues and facilities. (China News Network)
Company dynamics
Shede Spirits Co.Ltd(600702) ( Zhejiang Tianyu Pharmaceutical Co.Ltd(300702) ): the announcement on performance increase in the first quarter of 2022 was issued. It is estimated that the company will realize a net profit of 460560 million yuan attributable to shareholders of Listed Companies in the first quarter of 2022, with a year-on-year increase of 52% – 85%. （wind）
Sichuan Crun Co.Ltd(002272) ( Sichuan Crun Co.Ltd(002272) ): the announcement on the provision for impairment of assets in 2021 was issued. From January to December 2021, the company made provision for impairment of various assets of 232773 million yuan, recovered or reversed 7.6926 million yuan and written off 7.2361 million yuan, which is expected to reduce the total profit of the company in 2021 by 9.5853 million yuan and the net profit attributable to shareholders of listed companies by 9.4972 million yuan. （wind）
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
