This week, Sichuan composite index fell 3.28% and Chongqing composite index fell 1.28%.
As of March 25, 2022, the PE of Sichuan sector is 34.84 times, and the overall valuation level has decreased; The PE of Chongqing sector is 17.54 times, and the overall valuation level has decreased. By industry, the top three sectors in Sichuan and Chongqing this week were textile and clothing (+ 10.78%), agriculture, forestry, animal husbandry and fishery (+ 9.24%), and real estate (+ 8.57%). From the perspective of listed companies, the top three gainers are Chongqing Pharscin Pharmaceutical Co.Ltd(002907) (+ 33.38%), Cccg Real Estate Corporation Limited(000736) (+ 30.94%), Tianyu Eco-Environment Co.Ltd(603717) (+ 16.90%); The top three declines were North Chemical Industries Co.Ltd(002246) (- 19.45%), Yimikang Tech.Group.Co.Ltd(300249) (- 17.21%) and Great Wall International Acg Co.Ltd(000835) (- 16.26%). The 42 listed companies we focus on in Sichuan and Chongqing fell by 0.78% on average, and the top three were: Chengdu Jafaantai Education Technology Co.Ltd(300559) (+ 11.20%), Sichuan Jinlu Group Co.Ltd(000510) (+ 10.29%), New Hope Liuhe Co.Ltd(000876) (+ 7.04%); The top three declines were: Maccura Biotechnology Co.Ltd(300463) (- 6.93%), Tongwei Co.Ltd(600438) (- 6.79%), Luzhou Laojiao Co.Ltd(000568) (- 6.70%).
The new infrastructure and digital economy in Sichuan and Chongqing will maintain rapid development.
The Sichuan Provincial Department of Justice issued the regulations on the development of big data in Sichuan Province (Draft for comments), which made it clear that the development of big data should be promoted from a series of application scenarios such as consolidating the development foundation, building a digital government base, building government services, public services, platform ecology, social governance, macro decision-making and smart city. At the same time, the construction of digital infrastructure in rural areas should be strengthened to promote the common prosperity of urban and rural areas. In recent years, with the blowout development of digital technology, data has gradually become one of the key elements of industrial development. With the help of big data, various industries can further improve resource utilization efficiency and reduce unnecessary resource waste, so as to save enterprise costs, improve enterprise profitability and realize high-quality development of enterprises. Promoting the digital transformation and upgrading of regional industries, on the one hand, will help promote the rapid development of industries in Sichuan and Chongqing, on the other hand, promote the digital transformation, and provide new opportunities for the development of regional new infrastructure industrial chain and related enterprises in the subdivided field of digital economy.
Pay attention to the green transformation of high energy consuming industries in Sichuan and Chongqing.
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.
Risk tip: macroeconomic growth is lower than expected, covid-19 epidemic continues to be at risk, and consumption recovery is lower than expected.
