Follow up comments
On March 23, 2022, the Shanghai Composite Index closed at 327103 points, up 0.34%; The Shenzhen Component Index closed at 1240865 points, up 0.73%. The Chongqing composite index, which we focus on, closed at 363278 points, up 0.44%; Sichuan composite index closed at 844769 points, up 0.39%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Chengdu Jafaantai Education Technology Co.Ltd(300559) ( Chengdu Jafaantai Education Technology Co.Ltd(300559) , 11.13%), Sichuan Huiyuan Optical Communications Co.Ltd(000586) ( Sichuan Huiyuan Optical Communications Co.Ltd(000586) , 10.06%), Cccg Real Estate Corporation Limited(000736) ( Cccg Real Estate Corporation Limited(000736) , 10.05%). The 42 companies we focused on rose by 1.30% on average, among which the top three stocks were: Chengdu Jafaantai Education Technology Co.Ltd(300559) ( Chengdu Jafaantai Education Technology Co.Ltd(300559) , 11.13%), Eoptolink Technology Inc.Ltd(300502) ( Eoptolink Technology Inc.Ltd(300502) , 9.08%), Sichuan Jinlu Group Co.Ltd(000510) ( Sichuan Jinlu Group Co.Ltd(000510) , 6.80%). By industry, the top three sectors in Sichuan and Chongqing are: Communication (3.22%), real estate (2.27%) and social services (2.20%).
According to the data released by Sichuan Provincial Bureau of statistics, from January to February 2022, the total retail sales of social consumer goods in the province reached 383.29 billion yuan, a year-on-year increase of 7.4%, higher than 0.7pct in the country. The economy in Sichuan and Chongqing has recovered rapidly, social consumption is stable and good, and the influence of local food and beverage brands in the consumer market in Sichuan and Chongqing continues to increase. As a key industry in Sichuan and Chongqing, the production and sales of Sichuan wine have maintained steady growth. With the gradual development of Chengdu Chongqing Shuangcheng economic circle, a large number of new and old infrastructure projects will be landing one after another, driving investment in Sichuan and Chongqing areas to be active and promoting Baijiu consumption in the region. The annual performance of Sichuan liquor is expected to be strong, with suggestions for attention: Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) and so on.
Industry dynamics
According to the statistics one from Chengdu customs, one belt, one road, was imported into Sichuan in this year, which achieved 50 billion 350 million yuan, accounting for 31.7% of the total value of foreign trade in the same period, up 41.2% from the same period last year, which is 22.9 percentage points higher than the whole country, and the 11.8 increase in the growth rate of Sichuan’s foreign trade in the same period. (China News Network)
According to the data released by Sichuan Provincial Bureau of statistics, from January to February, the added value of industries above Designated Size in the province increased by 8.8% year-on-year, 1.3 percentage points higher than that in the country, ranking 12th in the country. Among them, the high-tech manufacturing industry has achieved rapid growth. From January to February, the added value of high-tech industry increased by 22.5% year-on-year. Among them, aviation, spacecraft and equipment manufacturing, computer and office equipment manufacturing, and electronic and communication equipment manufacturing increased by 37.1%, 29.7% and 27.7% respectively. (China News Network)
Company dynamics
Chongqing Pharscin Pharmaceutical Co.Ltd(002907) ( Chongqing Pharscin Pharmaceutical Co.Ltd(002907) ): the announcement on the completion of domestic drug production filing of products was issued. The company recently learned from the website of the State Food and drug administration that the company’s two products, Chayu capsule and cilostazol tablets, have completed the domestic drug production filing. The change of drug registration information is conducive to the large-scale production of products and form a large-scale effect. At the same time, it is conducive to the production and supply of the company’s products Chayu capsule and cilostazol tablets, so as to better meet the market demand. （wind）
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
