With the disclosure of the annual reports of Listed Companies in 2021, the latest trends of social security funds, pension funds and enterprise annuities have gradually surfaced.
According to the disclosed annual report of 2021, as of March 22, there were social security funds, pension funds and enterprise annuities among the top ten shareholders of 58 companies, mainly involving three industries with stable performance growth: chemical industry, electronics and biomedicine.
“On the whole, the positions of social security funds, pension funds and enterprise annuities in 2021 continue the previous trend, and are mainly concentrated in industries with good prospects and high prosperity.” Chen Li, chief economist of Chuancai securities and director of the Research Institute, said in an interview with Securities Daily.
In terms of chemical industry, Chen Li believes that the overall profit situation of the industry in 2021 is good, the future development prospect is good, and the performance of relevant enterprises is highly uncertain. On the one hand, driven by the “double carbon” policy, the rapid development of the new energy industry chain drives the demand for many chemical products, drives the continuous growth of the demand for a series of upstream raw materials, and helps the industry maintain a high boom; On the other hand, China’s dual control of energy consumption, superimposed on the impact of foreign epidemics on the supply chain, and the product prices in multiple subdivisions of chemical industry continued to rise, opening up profit space for enterprises. In the electronics sector, the “neck” pressure of industries led by semiconductors and chips is obvious, which promotes the continuous growth of domestic substitution demand and the rapid development of the industry. At the same time, stimulated by the continuous growth of the demand for downstream new energy vehicles and smart phones, the prosperity of many sub sectors such as semiconductors, panels and components continues, and there is a large space for development in the future. In terms of medicine, affected by the global covid-19 epidemic, the performance of many listed companies in the related vaccines and medical devices sector achieved rapid growth in 2021. It is expected that the medical demand will continue to be released in 2022, and the performance of vaccines, medical devices and other industries will continue to be realized. At present, after the early correction, the pharmaceutical sector has returned to a more reasonable valuation range, and there is more room for the rise of the sector in the future.
China Everbright Bank Company Limited Co.Ltd(601818) financial market department macro researcher Zhou Maohua told Securities Daily that in recent years, chemical, electronic, biomedical and other industries have developed rapidly, which is in line with the development direction of national strategic emerging industries, with broad long-term development prospects and solid fundamentals. Therefore, relevant enterprises have good growth. The layout of institutions shows that they tend to long-term value investment. At the same time, it can also help emerging industries accelerate their development and growth.
According to the statistics of China stock market news choice, among the above 58 companies, 46 achieved year-on-year increase in net profit in 2021, of which 14 achieved a net profit increase of more than 100%.
In terms of increasing or decreasing holdings, taking the social security fund as an example, compared with the third quarterly report of last year, 26 of the 50 companies held by the social security fund are new or increased holdings. Among them, Zte Corporation(000063) , Tangshan Sanyou Chemical Industries Co.Ltd(600409) are the stocks with the largest reduction Zijin Mining Group Company Limited(601899) , Cgn Power Co.Ltd(003816) are the largest holdings.
According to the reporter of Securities Daily, by the end of 2021, the equity investment amount of basic endowment insurance fund was 1.46 trillion yuan and the equity investment amount of enterprise annuity was 2.6 trillion yuan. By the end of 2020, the total equity of social security fund was 2.68 trillion yuan.
Chen Li believes that the entry of social security funds, pension funds, enterprise annuities and other funds into the market, on the one hand, as one of the “wind vanes” of the market, can guide the concentration of funds to their key positions and promote the discovery of A-share market value; On the one hand, the investment cycle of A-share is relatively stable, which is conducive to the development of A-share market.
“Because institutional investors are relatively professional and rational, and their strategies are relatively mature, the entry of these institutions into the market can enhance the strength of market institutions and improve the stability of the A-share market. At the same time, with the healthy development of the stock market and enterprises, social security funds and pension funds can also obtain long-term stable returns.” Zhou Maohua said.
