Follow up comments
On March 21, 2022, the Shanghai Composite Index closed at 325369 points, up 0.08%; The Shenzhen Component Index closed at 1237964 points, up 0.41%. The Chongqing composite index, which we focus on, closed at 365705 points, up 0.47%; Sichuan composite index closed at 844427 points, up 0.18%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Casin Real Estate Development Group Co.Ltd(000838) ( Casin Real Estate Development Group Co.Ltd(000838) 10.05%), Pku Healthcare Corp.Ltd(000788) ( Pku Healthcare Corp.Ltd(000788) 10.00%), Sichuan Injet Electric Co.Ltd(300820) ( Sichuan Injet Electric Co.Ltd(300820) 8.46%). The 42 companies we focus on rose by an average of 0.57%, among which the top three stocks were: Sichuan Injet Electric Co.Ltd(300820) ( Sichuan Injet Electric Co.Ltd(300820) 8.46%), Hitgen Inc(688222) ( Hitgen Inc(688222) 4.61%), Mianyang Fulin Precision Co.Ltd(300432) ( Mianyang Fulin Precision Co.Ltd(300432) 4.14%). In terms of industries, the top three sectors in Sichuan and Chongqing are: power equipment (2.93%), real estate (2.55%), medicine and Biology (2.04%).
The Chongqing Municipal Development and Reform Commission, the Economic Information Commission, the ecological environment bureau, the market supervision bureau and the Energy Bureau jointly issued the implementation plan of Chongqing for strict energy efficiency constraints and promoting energy conservation and carbon reduction in key areas. It is proposed that by 2025, the overall energy efficiency level of 25 key industries and data centers such as metallurgy, building materials, petrochemical and chemical industry will be significantly improved, the carbon emission intensity will be significantly reduced, and the ability of green and low-carbon development will be significantly enhanced, The energy efficiency of enterprises in key areas has reached the benchmark level. With the promotion of the double carbon policy, it is a general trend to gradually promote energy conservation and carbon reduction in high energy consuming industries such as iron and steel, nonferrous metals, petrochemical, chemical industry and building materials. The transformation and upgrading of related industries is both a challenge and an opportunity. In the process of green transformation, it will further promote the continuous increase of the concentration of related industries. It is suggested to pay attention to the strong R & D ability of such high energy consuming industries in Sichuan and Chongqing, It is a leading enterprise that can promote the green transformation of its energy consumption structure.
Industry dynamics
Panzhihua City, Sichuan Province released the “14th five year plan” for the development of digital economy in Panzhihua City. It is planned that by 2025, the growth rate of the added value of the local core industries of digital economy will be higher than that of the regional GDP, and the scale of the city’s digital economy will reach 20 billion yuan.
(China News Network)
Company dynamics
Bank Of Chongqing Co.Ltd(601963) ( Bank Of Chongqing Co.Ltd(601963) ): the announcement on public issuance of A-share convertible corporate bonds was issued. This issuance of 13 billion yuan of convertible bonds with a face value of 100 yuan each, a total of 130 million pieces and 13 million hands were issued at face value.
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Huaxi Securities Co.Ltd(002926) ( Huaxi Securities Co.Ltd(002926) ): the annual report of 2021 was issued. In 2021, the company achieved an operating revenue of 5.122 billion yuan, a year-on-year increase of 9.38%, and a net profit attributable to shareholders of listed companies of 1.628 billion yuan, a year-on-year decrease of 14.34%.
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Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
