Follow up comments
On March 29, 2022, the Shanghai Composite Index closed at 320394 points, down 0.33%; The Shenzhen Component Index closed at 1189508 points, down 0.46%. The Chongqing composite index, which we focus on, closed at 360561 points, down 0.19%; Sichuan composite index closed at 797120 points, down 0.28%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Chongqingyukaifaco.Ltd(000514) ( Chongqingyukaifaco.Ltd(000514) , 10.10%), Chengdu Huasun Technology Group Inc.Ltd(000790) ( Chengdu Huasun Technology Group Inc.Ltd(000790) , 10.05%), Chongqing Taiji Industry (Group) Co.Ltd(600129) ( Chongqing Taiji Industry (Group) Co.Ltd(600129) , 10.00%). The top three companies, with an average increase of 35. By industry, the top three sectors in Sichuan and Chongqing are agriculture, forestry, animal husbandry and fishery (5.51%), beauty care (2.15%) and basic chemical industry (1.90%). The analysis report of Sichuan Provincial Bureau of statistics shows that in 2021, Sichuan and Chongqing achieved remarkable results in collaborative innovation, and multi field cooperation was promoted in depth. In terms of infrastructure construction, Tianfu International Airport has been completed and put into operation, the construction of Chengdu Chongqing middle line high-speed railway has been started, 13 Sichuan Chongqing inter Provincial Expressway channels and 6 under construction, and more than 1120005g base stations have been built in total. The construction of Chengdu Chongqing twin city economic circle has been continuously promoted, and a large number of infrastructure projects have been implemented one after another. It is expected that a large number of construction projects will be started one after another this year, continuously releasing a large number of infrastructure needs and benefiting the infrastructure related industrial chain enterprises in Sichuan and Chongqing. In addition, with the successive construction of several planned industrial parks, it will lay a good foundation for the development of high-tech, new energy and other industries, and promote the rapid growth of related industries in Sichuan and Chongqing.
Industry dynamics
The international cross-border freight route between China and Vietnam (Chongqing orchard port – Hanoi, Vietnam), a new land and sea channel in the west, was officially opened. This cross-border railway train opened, adding a convenient “southbound channel” for the export of products in Western China, bringing new opportunities for the cross-border trade between Chongqing and ASEAN. (China News Network)
Company dynamics
Chengdu Easton Bio Pharmaceuticals Co.Ltd(688513) ( Chengdu Easton Bio Pharmaceuticals Co.Ltd(688513) ): according to the annual report of 2021, the company achieved an operating revenue of 1.023 billion yuan in 2021, with a year-on-year increase of 10.96%, and a net profit attributable to shareholders of listed companies of 232 million yuan, with a year-on-year increase of 30.46%. （wind）
New Dazheng Property Group Co.Ltd(002968) ( New Dazheng Property Group Co.Ltd(002968) ): released the annual report for 2021, the company achieved an operating revenue of RMB 2.088 billion in 2021, with a year-on-year increase of 58.40%, and a net profit attributable to shareholders of listed companies of RMB 166 million, with a year-on-year increase of 26.57%. （wind）
Sichuan Kexin Mechanical And Electrical Equipment Co.Ltd(300092) ( Sichuan Kexin Mechanical And Electrical Equipment Co.Ltd(300092) ): released the annual report for 2021, the company achieved operating revenue of 948 million yuan in 2021, with a year-on-year increase of 28.97%, and realized net profit attributable to shareholders of listed companies of 93 million yuan, with a year-on-year increase of 16.85%. （wind）
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
