Today (March 24), the Shanghai and Shenzhen stock markets opened low across the board, showing a shock correction trend throughout the day, and the contraction of A-Shares was obvious. On the disk, in terms of industries, precious metals, chemical pharmaceuticals, biological products, traditional Chinese medicine, medical services, chemical fertilizer and other industries led the increase; Industries such as communication equipment, wind power equipment, games, wine making, decoration and building materials, communication services, semiconductors and cultural media led the decline. In terms of subject stocks, CRO, covid-19 drugs, super fungi and Helicobacter pylori led the rise; Losses were led by NFT concept, electronic license sector, electronic ID card, digital currency, etc, building energy conservation, vocational education, digital economy, etc.
At the same time, it’s also a Zhejiang Yatai Pharmaceutical Co.Ltd(002370) and other daily limit
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Some analysts pointed out that at present, the CXO industry has strong order demand and rapid expansion of production capacity. It is still the pharmaceutical sector with high performance certainty and growth. In late March, the performance disclosure period was intensively entered. The performance of CXO sector grew rapidly in 2021, and the business momentum has been improving since 2022. Many companies disclosed the orders from January to February. It is expected that the sentiment of the sector will continue to pick up with the disclosure of the annual report and the first quarter.
Everbright Securities Company Limited(601788) said that CXO is still an excellent sector with both certainty and growth in the pharmaceutical sub field in terms of stock price performance in the capital market and business fundamentals. From the perspective of business fundamentals, China’s CXO is deeply integrating resources. The first tier enterprises accelerate the expansion of business territory and capability circle through acquisition and capacity expansion. At the same time, the acquisition of cro workshop in China is expected to further expand the capacity of cro by the end of 2023, including year-on-year expansion of cro by the end of 2023 Asymchem Laboratories (Tianjin) Co.Ltd(002821) invested 3 billion yuan to build biological drug cdmo production capacity in Fengxian, Shanghai, which is also to expand the business territory to the field of macromolecular biological drugs. The acquisition of American company snapdragon also strongly promotes the further development of business in the United States.
revenue growth hit 10 year high China Mobile once surged nearly 8% in intraday trading hit a new high since listing
China Mobile (600941) opened higher on the 24th, rising by nearly 8% to 69.62 yuan, a new high since its listing. In terms of news, yesterday, China Mobile disclosed its 2021 annual report. During the reporting period, the company’s operating revenue reached 848.3 billion yuan, a year-on-year increase of 10.4%, and the growth rate reached a ten-year high. Among them, the main business income reached 751.4 billion yuan, a year-on-year increase of 8.0%, an increase of 4.8 percentage points over 2020; The company belongs to the shareholders of the parent company, with a net profit of 115.9 billion yuan (an average net profit of about 318 million yuan per day), a year-on-year increase of 7.5%.
It is worth noting that the board of directors suggested that the proportion of cash dividends in the profits attributable to shareholders in 2021 should be 60%. Distribute to all shareholders the final dividend of HK $2.43 per share for the year ended December 31, 2021, with a year-on-year increase of 38%. Together with the interim dividend of HK $1.63 per share, the total annual dividend in 2021 was HK $4.06 per share, an increase of 23.4% over 2020.
In 2021, China Mobile’s personal market business revenue reached 483.4 billion yuan, a year-on-year increase of 1.4%. By the end of December 2021, there were 957 million mobile customers, with a net increase of 14.97 million, including 387 million 5g package customers, with a net increase of 222 million, keeping the scale leading in the industry. Driven by the value growth of customer upgrading 5g and integrated operation, the mobile ARPU was 48.8 yuan, a year-on-year increase of 3%.
Sinolink Securities Co.Ltd(600109) said that the board of directors of the company recommended a dividend yield of 60% in 2021 and planned to increase the dividend yield to more than 70% within three years from 2021. We are optimistic about the prospect of the company’s transformation from demographic dividend to information dividend in the era of digital economy. With the company’s operation entering a weak cyclical maturity period, the investment intensity is stable and downward, the operating profit is growing steadily, and the market value space is expected to gradually rise.
Soochow Securities Co.Ltd(601555) pointed out that China Mobile, as the leader of digital economy, with the steady improvement of 5g penetration and ARPU value and the development of innovative businesses such as cloud and IDC, raised the net profit attributable to parent company from 125699 billion yuan and 136777 billion yuan in 20222023 to 125932 billion yuan and 136979 billion yuan respectively. It is expected that the net profit attributable to parent company in 2024 will be 149584 billion yuan, and the corresponding PE valuations will be 11x, 10x and 9x respectively. Compared with the historical valuation center, China Mobile is still at a historical low. We continue to be optimistic about the future performance of China Mobile and maintain the “buy” rating.
price increase theme fully blossoms go north to raise funds for these shares (attached list)
Not only in March, this year’s price rise theme can be described as the “most beautiful baby” in the market. The coal sector in the primary industry rose by more than 17%, taking the lead. Shenwan secondary industry has highlighted the full flowering of price rise themes, including coal mining, forestry, fishery, precious metals, aquaculture, industrial metals and other related themes, which have risen against the market.
Haitong Securities Company Limited(600837) believes that the next main line in China, that is, the rise in the price of industrial products, may be more noteworthy, which will resonate with overseas inflation. As the construction enters the peak season, the production capacity is still expected to continue to recover, coupled with the continuous adjustment of infrastructure and real estate policies, the transformation from expected transactions with strong demand to actual transactions, or continue to drive the price of industrial products.
At the time point, Haitong Securities Company Limited(600837) expects infrastructure investment to continue to pick up in the second quarter, and then improve real estate investment in the second half of the year, which may continue to drive up the demand for industrial products.
Combing the relevant price rise themes, it is found that more than 20 stocks have increased their positions by more than 100 million yuan since March. According to the calculation of the average transaction price since March, Beishang capital increased its positions by Zijin Mining Group Company Limited(601899) 129 million shares, with the reference amount of increased holdings exceeding 1.4 billion yuan ranking first. In addition, Petrochina Company Limited(601857) , Henan Shenhuo Coal&Power Co.Ltd(000933) , Ganfeng Lithium Co.Ltd(002460) and other individual stocks have increased their positions by more than 500 million yuan.
pharmaceutical stocks rose sharply against the trend! “Taking medicine” market resurgence? Oil price rebounded oil and gold stocks rose again
Recently, the pharmaceutical sector has been rising frequently, which has attracted market attention. Many institutions believe that the valuation level of the pharmaceutical industry sector is still at the bottom, and the current investment value of the industry is prominent.
PI Jinsong of ChuangJin Hexin Fund said that the early adjustment of the pharmaceutical sector is mainly due to the high valuation, which will be more harsh on the quarterly financial report data. In the third and fourth quarters of 2021, the performance of some leading companies slowed down, resulting in the valuation adjustment of the sector. In addition, since the second half of last year, the centralized purchase and price reduction policy has a great impact on market sentiment. From the perspective of fundamentals, the medical industry and medical insurance expenditure have maintained stable growth, and some high boom sectors have continued to grow. After a long period of adjustment, the cost performance of the sector has been relatively high.
Tianfeng Securities Co.Ltd(601162) believes that the innovative drug sector is affected by many factors. At present, the overall valuation has basically fallen back to the pre epidemic level. From a medium and long-term perspective, the valuation of the sector has returned to rationality. With the release of a number of policies related to innovative drugs, such as registration approval, medical insurance access and terminal promotion, the development of China’s innovative drug industry has entered a new stage of standardized development.
Guotai Junan Securities Co.Ltd(601211) said that the recent policy implementation of the pharmaceutical industry is still in a dense window period, the base effect dissipates and the differentiation begins to increase. At present, the market risk preference is low, which inhibits the growth varieties. It is suggested to pay attention to the varieties with high performance growth rate. For example, the performance growth promotion sector and the high boom continuation sector: CXO, medical equipment, some innovative drugs, etc.
document issued by the State Council Office of the office of the CPC Central Committee build a higher level public service system for national fitness (with shares)
Recently, the general office of the CPC Central Committee and the general office of the State Council issued the opinions on building a higher level public service system for national fitness. By 2025, a higher-level public service system for national fitness will be basically established, with a per capita sports area of 2.6 square meters, and the proportion of people who regularly participate in physical exercise will reach 38.5%. The basic public service system for national fitness provided by the government will be more perfect, the standards will be more sound, and the quality will be significantly improved. The inclusive public services provided by social forces will be affordable, affordable, guaranteed in quality and supervised in safety, People’s enthusiasm for fitness was further improved. By 2035, a national fitness public service system suitable for modern socialist countries will be fully established, and the proportion of people who often participate in physical exercise will reach more than 45%. Physical fitness and sports leisure will become a common way of life, and people’s physical literacy and health level will be in the forefront of the world.
Huaxin Securities pointed out that in 2020, the total scale (total output) of the national sports industry was 2.74 trillion yuan, and the total output decreased by 7.2%. The epidemic caused a decline in the added value of most sports industry categories, but sports media and information services increased by 18.9%, with the highest growth rate, followed by physical education and training increased by 5.7%. With the effective control of the epidemic and the dance between the 2022 Winter Olympic Games and the Asian Games, it is expected to increase the total scale of the national sports industry from 2.74 trillion yuan in 2020 to 5 trillion yuan in 2035 (the scale of its ice and snow industry is expected to increase from 615.2 billion yuan in 2020 to 1 trillion yuan in 2025). At the same time, China has become one of the centers of the world’s e-sports industry. In 2022, the market scale of China’s e-sports industry will reach 1987 billion yuan (a year-on-year increase of 16.6%), In 2022, E-sports will be selected into the Asian Games for the first time, which is expected to form resonance.
Jiangsu Jinling Sports Equipment Co.Ltd(300651) ( Jiangsu Jinling Sports Equipment Co.Ltd(300651) ) company is the first company in China to obtain the official certification of “backboard support units” of the International Basketball Federation. It is one of the seven companies that have obtained the official certification of “seatingsystems” of the International Basketball Federation all over the world. It is the main drafter of a number of national and industrial standards, and has been successfully drafted for the Olympic Games, Asian Games, Youth Olympic Games, Universiade, National Games, many NBA China Games, CBA leagues and other international Provide professional services for major events in China.
Beijing Sanfo Outdoor Products Co.Ltd(002780) ( Beijing Sanfo Outdoor Products Co.Ltd(002780) ) the company is mainly engaged in the research, development and sales of professional high-quality outdoor sporting goods, the organization of outdoor events, the construction of groups, the design, construction and operation of the “squirrel tribe” parent-child youth outdoor sports park. Through the integration of various business segments, the company provides consumers with all-round products and services, encourages and helps people to go outdoors, exercise and be healthy, and tries its best to practice the life philosophy of harmonious coexistence between man and nature.
Hl Corp (Shenzhen)(002105) ( Hl Corp (Shenzhen)(002105) ) in the field of sports equipment, adhering to the company’s R & D ability and mature production technology and experience accumulated in the field of bicycle accessories for more than 40 years, the automatic welding technology of mechanical arm has been successfully introduced for many years, with an automation degree of more than 98%, and TPS connected and supporting production management has been implemented for many years, ODM cooperation with customers and large-scale order production and shipment can be undertaken. At the same time, the company has the leading laboratory in the industry, has certain technical advantages and strong competitiveness in the same industry, and enjoys a certain popularity in the market.
IPv6 technological innovation and integrated application pilot list determined industrial chain market scale will expand rapidly
Recently, 12 departments including the central network information office jointly issued a notice to determine the pilot list of IPv6 technology innovation and integrated application, and identified 22 comprehensive pilot cities and 96 pilot projects. The notice made it clear that all pilot cities and pilot units should formulate specific implementation plans, clarify the pilot objectives and tasks that can be quantified, inspected and evaluated, refine the work plan, and put forward specific operable and implementable measures. Accelerate the continuous breakthrough of IPv6 key technology innovation, application innovation, service innovation and management innovation, actively build an “IPv6 +” technology industry ecosystem, and form a number of replicable and popularized practices and experiences.
IPv6 is the abbreviation of “Internet Protocol version 6”. It is the next generation IP protocol designed by the Internet Engineering Task Force (IETF) to replace IPv4. Its number of addresses claims to be an address for every grain of sand in the world. Compared with IPv4, IPv6 has larger address space, smaller routing table, higher security and better header format, and it adds enhanced multicast support and convection control, which makes the multimedia application on the network have the opportunity of considerable development and provides a good network platform for service quality control. In addition, IPv6 adds support for automatic configuration. This is the improvement and expansion of DHCP protocol, which makes the network management more convenient and fast.
Chuancai Securities believes that the IPv6 market has good development prospects, has more advantages than IPv4, and the market scale of IPv6 industrial chain is expanding rapidly. From the perspective of network end-to-end IPv6 penetration, IPv6 has been fully supported in the operator’s network, whether in the fields of access network, metropolitan area network and backbone network. It is considered that the prosperity of subsequent operators’ investment in IPv6 transformation can still be maintained, while there is still much room for improvement in the IPv6 transformation of third-party IDC, CDN and cloud computing infrastructure. We are optimistic about the continuous upgrading demand of IT equipment such as routers, switches, load balancing and firewalls in commercial enterprises. The related targets of relevant industrial chains include: Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) , Sangfor Technologies Inc(300454) , etc.
