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Maotai fully entered the seed industry market seed industry concept stocks soared
In the morning trading on March 21, seed industry concept stocks soared collectively. As of press time, Fujian Wanchen Biotechnology Co.Ltd(300972) “20cm” limit, Xinjiang Talimu Agriculture Development Co.Ltd(600359) , Wanxiang Doneed Co.Ltd(600371) limit, Hainan Shennong Technology Co.Ltd(300189) , Shandong Denghai Seeds Co.Ltd(002041) , etc. The whole sector ranks first in the industry growth list.
On March 19, Kweichow Moutai Co.Ltd(600519) official wechat announced that Maotai Group hongyingzi Agricultural Technology Development Co., Ltd. was officially inaugurated and established in Tanchang street, Renhuai City on the same day, marking that Maotai Group officially entered the seed industry market and arranged the seed business of brewing raw materials.
Seed industry is at the forefront of agricultural planting and is known as the “chip” of agriculture. The upstream of its industrial chain is mainly the research and development, cultivation and picking of seeds; The middle reaches are all kinds of seed products; The downstream is the planting industry, animal husbandry, forestry and other fields.
Li Jingren, general manager of Maotai Group, said that the development of agricultural science and technology industry focusing on sorghum and wheat seed industry is the basis of Maotai’s high-quality development and the internal need to reserve strategic resources and ensure the source of Maotai liquor quality.
Chuancai Securities believes that with the overall victory of China’s fight against poverty, the focus of “agriculture, rural areas and farmers” will shift to “Rural Revitalization”, and the “seed industry revitalization” of this meeting was mentioned again, highlighting the importance of this strategy. From the perspective of “common prosperity” and high-quality development, strengthening scientific and technological breakthroughs in agriculture is also a key link to achieve common prosperity. From the perspective of national strategy, agriculture is the foundation of people’s livelihood and power, and agricultural seed industry is the national strategic and basic core industry. To change the mode of agricultural production, we should accelerate the transformation of agricultural and rural modernization. From the market point of view, the current global inflation still exists, and grain prices are expected to remain high. It is very important to deeply implement the revitalization action of seed industry.
China International Capital Corporation Limited(601995) said that on the one hand, import fluctuations will not be the main factor disturbing China’s Shenzhen Agricultural Products Group Co.Ltd(000061) supply. China’s dependence on grain imports is low. In 2021, the total amount of corn exported by Ukraine to China accounted for only 2.57% of the annual consumption. On the other hand, the rise in import costs caused by the rise in the prices of bulk commodities such as crude oil and chemical fertilizer is the key. Superimposed on the upward trend of Shenzhen Agricultural Products Group Co.Ltd(000061) price in the external market, it catalyzes the bullish sentiment in the market and is expected to drive the Shenzhen Agricultural Products Group Co.Ltd(000061) prices of corn and other crops to rise further.
The agency believes that China’s seed production industry has ushered in changes and is gradually adjusting and strengthening in many aspects, including strengthening the protection and utilization of seed sources, strengthening innovative protection, and promoting the development of biological breeding technology. Agriculture, especially seed production industry, will benefit from this, driving the improvement of investment sentiment.
NMN longevity drug concept stocks strengthened again institutions say China has the potential of 100 billion market size
In the morning trading on March 21, NMN longevity drug concept stocks strengthened again. As of press time, Hunan Er-Kang Pharmaceutical Co.Ltd(300267) , Guangdong Zhongsheng Pharmaceutical Co.Ltd(002317) , Kanghui pharmaceutical and other stocks have risen by the limit, Xiamen Kingdomway Group Company(002626) , Brother Enterprises Holding Co.Ltd(002562) , Hunan Friendship&Apollo Commercial Co.Ltd(002277) , etc. have followed suit.
According to iResearch consulting data, the market scale of NMN component health products in China reached 5.106 billion yuan in 2020, with a year-on-year increase of 34.87%. It is expected that it will rise to 27.013 billion yuan at a growth rate of nearly 70.25% by 2023, and the industry will develop rapidly.
Citic Securities Company Limited(600030) previously released research report pointed out that the full name of NMN is β- Nicotinamide mononucleotide is the precursor of NAD + (coenzyme I) synthesis in human body. As NAD + is the coenzyme of hundreds of important metabolic enzymes in cells and participates in many important cellular processes as a signal molecule, it is closely related to energy metabolism, glycolysis, DNA replication and other activities. NMN can improve the level of NAD + in vivo and is considered to be a health product with anti-aging function. Compared with other products, NMN products enhance NAD + and have the advantages of non-toxic and side effects, high conversion efficiency and so on.
The agency said that life extension, as one of the ultimate problems of mankind, continued to increase the market attention and scale under the background of global economic growth and increasing population aging. In 2019, the global anti-aging market scale was US $190 billion, with a year-on-year increase of 8.3%. The health care products industry in China has developed rapidly in recent years, with a compound growth rate of 9.5% in the past 10 years. According to the calculation, the NMN market space corresponding to 1% of China’s health care product population is 30.4 billion yuan. With the continuous promotion of anti-aging products in the future, the long-term market of the industry is expected to reach 100 billion yuan.
Citic Securities Company Limited(600030) pointed out that as an anti-aging health product, NMN is expected to have a potential market size of 100 billion in China in the future, and the current market has just started. At present, the market is mainly dominated by three overseas manufacturers, the mainstream commodities are mainly imported, and domestic enterprises are generally catching up. At present, the companies that have taken the lead in arranging products in China are expected to share the market scale of 100 billion yuan. In the future, taking advantage of the advantages of domestic enterprises in personnel and efficiency, they are expected to obtain comprehensive competitive advantages in industry competition. It is suggested to pay attention to Xiamen Kingdomway Group Company(002626) and so on.
heavy policy overweight green building sector strong pull up Jiangsu Jingxue Insulation Technology Co.Ltd(301010) and other stocks trading limit
The green building sector had an active intraday trend on the 21st. As of press time, Jiangsu Jingxue Insulation Technology Co.Ltd(301010) “20cm” limit, Sinoma Energy Conservation Ltd(603126) , Wuhu Conch Profiles And Science Co.Ltd(000619) , Shenzhen Grandland Group Co.Ltd(002482) , Shanghai Yaohua Pilkingyon Glass Group Co.Ltd(600819) , Zhejiang Xidamen New Material Co.Ltd(605155) , Luoyang Northglass Technology Co.Ltd(002613) .
On the news side, the general code for building energy conservation and renewable energy utilization will be officially implemented on April 1, which belongs to the “full text mandatory” document of the Ministry of housing and urban rural development.
Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) in the exchange record of institutional investors’ teleconference, it is said that compared with the historical version, the new general code for building energy conservation and renewable energy utilization to be implemented has several key points: Taking the calculation of building carbon emission as a mandatory requirement, clearly requiring that “new buildings should be equipped with Cecep Solar Energy Co.Ltd(000591) system”, adding the requirements of energy-saving design indicators of industrial buildings in moderate areas, etc.
The implementation of the new code will provide a better starting point for the implementation of various incentive policies that have been successively issued. Although the standards such as carbon emission calculation are still under discussion and are not clear, and the actual implementation will vary from region to region and specific projects, they will generally benefit the development of green building, distributed photovoltaic and other businesses.
In addition, the Ministry of housing and urban rural development recently issued the 14th five year plan for building energy conservation and green building development, which puts forward clear development goals for several major building systems, including prefabricated buildings and building photovoltaic. According to this plan, there is a broad demand for prefabricated buildings and building photovoltaic construction during the 14th Five Year Plan period, which is expected to usher in sustained and rapid development.
Anxin Securities pointed out that in the field of prefabricated construction, the overall market of the prefabricated sector showed a high industry level and achieved high excess returns in 2020. In terms of industry development, with the continuous promotion of policies, the improvement of demand and the continuous development of prefabricated construction technology, the scale of China’s prefabricated construction industry has ushered in rapid development. According to the data released in the development overview of prefabricated buildings in 2020, the newly started prefabricated building area in China was 630 million m2 in 2020, with a year-on-year increase of 50%. In 2016, the newly started prefabricated building area in China was only 114 million m2, and the CAGR in 20162020 was 53%, far exceeding the compound growth rate of newly started real estate area of 7.68% in the same period, and the proportion in newly started real estate area increased significantly from 6.83% to 28.07%. In 2020, the new construction area of prefabricated buildings will account for 20.5% of the new construction area, which is still a certain gap from the target of 30% in 2025. With the addition of 2030 carbon peak requirements, the prefabricated construction industry is expected to further accelerate. It is suggested to pay attention to: the leader of prefabricated architectural design Shenzhen Capol International&Associatesco.Ltd(002949) , the company’s advanced level of prefabricated design, rich design experience in the field of talent guarantee housing and sufficient orders on hand. At the same time, it plans to jointly develop domestic BIM software with the leader of domestic industrial software Zwsoft Co.Ltd(Guangzhou)(688083) and the future performance valuation can be improved; Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , the target of steel structure engineering contracting, is a high-quality leader in the field of steel structure engineering. The company is actively transforming from steel structure engineering subcontractor to EPC engineering general contractor, which is expected to expand its market share.
In terms of building photovoltaic development, the plan proposes to increase the installed capacity of building photovoltaic by 50gw during the 14th Five Year Plan period, promote the integrated design, construction and installation of Cecep Solar Energy Co.Ltd(000591) photovoltaic in new buildings, encourage the government to invest in public welfare buildings, strengthen the application of Cecep Solar Energy Co.Ltd(000591) photovoltaic, actively promote the distributed and integrated application of Cecep Solar Energy Co.Ltd(000591) photovoltaic in urban and rural buildings and municipal public facilities, and encourage the synchronous design of Cecep Solar Energy Co.Ltd(000591) photovoltaic system and buildings Construction, encourage photovoltaic manufacturing enterprises, investment and operation enterprises, power generation enterprises and building property owners to strengthen cooperation, explore photovoltaic application business models such as roof leasing and distributed generation market-oriented transaction, and make detailed provisions on the technical requirements of building photovoltaic system.
China State Construction Engineering Corporation Limited(601668) roof area is large, which provides a solid resource base for the development of roof BIPV, and is relatively more applicable in public buildings, industrial buildings and other fields. The promotion and implementation of BIPV puts forward new requirements for the construction industry from design, construction to operation and maintenance, covering multiple disciplines such as architecture, structure and power system, bringing new opportunities for the development of relevant enterprises in all links. At present, some enterprises in the construction industry have begun to expand the building photovoltaic business, and buildings pay attention to the leaders of steel structure engineering Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Zhejiang Southeast Space Frame Co.Ltd(002135) , the Tus-Design Group Co.Ltd(300500) , and the private enterprises with the layout of the whole industrial chain of operation and maintenance of power design consulting engineering Suwen Electric Energy Technology Co.Ltd(300982) .
favorable policies elevator stocks rose sharply Zhejiang Meilun Elevator Co.Ltd(603321) , Canny Elevator Co.Ltd(002367) and other daily limits
The elevator sector rose in intraday trading on the 21st. As of press time, General Elevator Co.Ltd(300931) was close to the “20cm” limit, Zhejiang Meilun Elevator Co.Ltd(603321) , Canny Elevator Co.Ltd(002367) , Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) , Sicher Elevator Co.Ltd(301056) , Guangzhou Guangri Stock Co.Ltd(600894) , Ife Elevators Co.Ltd(002774) .
On the news side, recently, the Ministry of housing and urban rural development solicited opinions from the public on the code for residential projects (Draft for comments). For the setting of elevators in new residential buildings, the exposure draft requires that for residential buildings with two or more floors, at least one elevator shall be set in each unit, and the depth of the car shall not be less than 1.40 meters, the width shall not be less than 1.10 meters, and the height from the center of the call button to the ground shall be 0.85 meters to 1.10 meters. For residential buildings with four or more floors, or the height of the floor of the entrance floor from the outdoor design ground is more than 9m, at least one elevator that can accommodate stretchers shall be set in each unit. For residential buildings with 12 or more floors on the entrance floor, or residential buildings with a height of more than 33m from the outdoor design ground, at least two elevators shall be set for each unit, of which at least one shall be an elevator that can accommodate a stretcher and at least one shall be a fire elevator.
Some analysts pointed out that although China has a large number of elevators, the per capita ownership is only 1 / 3 of the world average South Korea’s per capita elevator ownership is 140 sets / 10000 people, and the European average is 105 sets / 10000 people. In 2018, China’s per capita elevator ownership was only 48 sets / 10000 people, and China’s per capita elevator ownership of urban population was only 84 sets / 10000 people. With the increase of urbanization rate and per capita elevator ownership, China’s new elevator market demand is far from peaking.
China Merchants Securities Co.Ltd(600999) believes that the downstream of elevators is mainly residential demand (including the installation of new elevators in old buildings), accounting for 60-70%, followed by renewal demand, infrastructure demand and export, which are mainly these four parts. The new demand for elevators is steadily rising, and the growth rate of renewal demand is gradually rising, exceeding 20% every year, which is significantly faster than the new demand. The market demand in 2020 / 2021 is 950000 and 1.05 million units respectively, with a compound annual growth rate of 10%, and the market space is 190.7 billion and 209.9 billion respectively. Recommended elastic variety Canny Elevator Co.Ltd(002367) , recommended to pay attention to Shanghai Mechanical & Electrical Industry Co.Ltd(600835) , Guangzhou Guangri Stock Co.Ltd(600894) .
real estate sector is active again Zhe Jiang Dong Ri Limited Company(600113) , China Fortune Land Development Co.Ltd(600340) and other stocks rise limit
10 etc.
In terms of policies, since this year, steady growth policies have been introduced one after another, but due to the superposition of internal and external risks, the market’s expectation of economic recovery is not clear. On March 16, the financial stability and Development Commission of the State Council held a special meeting to require efforts to stabilize the operation of macro-economy and capital market. Subsequently, the relevant person in charge of the Ministry of finance took the lead in saying that considering all aspects of the situation, there were no conditions for expanding the pilot cities of real estate tax reform this year.
Citic Securities Company Limited(600030) said that the central economic work conference in 2021 stressed the need to correctly understand the long-term nature of the goal of common prosperity, first expand the “cake” and then cut the “cake”. Therefore, common prosperity does not mean giving up or weakening economic growth. As an important part of the income distribution reform and the long-term mechanism of real estate, the collection and collection of real estate tax is inevitable, but its reform schedule may need to pay attention to the macroeconomic recovery. We judge that the follow-up reform of real estate tax will still be based on the pilot, and the national real estate tax legislation may be temporarily shelved in the medium and short term.
In addition, according to incomplete statistics, in March, more than 10 cities across the country have taken house purchase incentive measures, mainly involving reducing the minimum down payment ratio of loans, increasing the maximum amount of provident fund loans, relaxing the application recognition conditions and reducing the mortgage interest rate, which is conducive to further releasing the demand for reasonable house purchase, alleviating the pressure of some cities’ own property market and boosting market confidence.
Wanlian Securities believes that although the overall economic data and real estate investment data from January to February have performed better than expected, the pressure is still great from the aspects of real estate sales and land. This year’s work still insists on stability. The stability of the real estate industry is the due meaning of steady growth. Under the policy framework of “no speculation in real estate and implementation of policies due to the city”, at present, some cities are in the proportion of down payment, housing loan interest rate, “house and loan recognition” Provident fund loans and other aspects have introduced improvement policies. It is expected that the subsequent introduction of such policies will be accelerated. With the gradual expansion of policy improvement cities and the gradual expansion of policy scope, it is expected that market confidence will gradually improve, and the industry fundamentals are expected to hit the bottom and rise.
Omicron mutant vaccine research and development has made positive progress related enterprise valuation is expected to be reshaped (with shares)
On March 19, Zheng Zhongwei, head of the vaccine research and development team of the scientific research team of the joint prevention and control mechanism of the State Council, said that China’s vaccine research and development team took action from the beginning of the emergence of Omicron mutant. At present, positive progress has been made in the research and development of monovalent and multivalent vaccines for Omicron mutant strains. Preclinical research has been completed with relatively rapid progress, and application materials for clinical trials are being submitted to the State Drug Administration.
Citic Securities Company Limited(600030) research department believes that China still needs to promote covid-19 vaccination. Due to the large number of mutation sites of Omicron gene and the significant increase of transmission capacity, only completing the first complete vaccination procedure can not meet the requirements of epidemic prevention. Therefore, the demand for the third booster vaccination will continue in the future. With reference to influenza vaccine, it is estimated that the market of booster injection can reach 15 billion yuan.
Citic Securities Company Limited(600030) optimistic about investment opportunities in the vaccine sector. According to the current severe rate deduction, Omicron has a high probability of flooding. Referring to the influenza vaccine market, the demand for vaccines has a certain sustainability, and the valuation of relevant enterprises is expected to be reshaped. It is suggested to pay attention to Chongqing Zhifei Biological Products Co.Ltd(300122) (recombinant protein covid-19 vaccine EUA, approved heterologous sequential vaccination products in Indonesia and China, acting as a continuous dose of HPV), Cansino Biologics Inc(688185) (approved dose of single shot adenovirus vector covid-19 vaccine, approved heterologous sequential vaccination booster in China), Walvax Biotechnology Co.Ltd(300142) (cooperating with Aibo to develop mRNA pathway covid-19 vaccine, which is currently in phase III of clinical trial) Shenzhen Kangtai Biological Products Co.Ltd(300601) (the highest neutralizing antibody titer ratio among inactivated vaccines in China). In terms of time catalyst, it is suggested to pay attention to the inhalation dosage form of Cansino Biologics Inc(688185) and the interim analysis data of Watson mRNA phase III. At the same time, it is suggested to pay attention to the influenza vaccine sector of policy immunization, Changchun Bcht Biotechnology Co(688276) , Jiangsu Gdk Biological Technology Co.Ltd(688670) , Hualan Biological Engineering Inc(002007) and other sectors are expected to get out of the independent market.
