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favorable policies spread frequently! Can the undervalued real estate industry get out of the independent market
On March 30, the real estate development sector saw another rise in the limit. Among them, Tianjin Tianbao Infrastructure Co.Ltd(000965) 14 day 11 board, Cccg Real Estate Corporation Limited(000736) 6 day 5 board, Cinda Real Estate Co.Ltd(600657) 7 day 5 board, 6 Shanxi Taigang Stainless Steel Co.Ltd(000825) board, a total of 17 stocks in the sector rose by the limit.
Recently, the financial stability and Development Commission of the State Council held a special meeting, at which it was pointed out that with regard to real estate enterprises, it is necessary to timely study and put forward effective solutions to prevent and resolve risks, and put forward supporting measures for the transformation to a new development model.
On the same day, the cbcirc held a special meeting to convey, study and implement the spirit of the meeting of the financial committee of the State Council, require to actively promote the transformation of the development mode of the real estate industry, encourage institutions to carry out M & A loans in a stable and orderly manner, focus on supporting high-quality real estate enterprises to merge and acquire high-quality projects of difficult real estate enterprises, and promote the virtuous circle and healthy development of the real estate industry.
Since the introduction of various real estate policies in 2022, the Central Plains real estate research institute has shown that there are 60 cities in the country with super stable real estate policies. Among them, Zhengzhou issued the notice on promoting the virtuous circle and healthy development of the real estate industry, which launched the “first shot” of comprehensively relaxing purchase and loan restrictions this year with the “19 articles” of the new deal.
Harbin announced that the regional real estate sales restriction policy issued in 2018 has completed its phased regulation mission, so it will be abolished and will no longer implement the provision that “it takes three years for newly purchased commercial houses in the six districts of the main city to be listed and traded”. In addition, Dongguan, Beihai, Tangshan and other places have also recently introduced relevant measures such as reducing the down payment ratio of provident fund, increasing the loan amount and relaxing conditions.
Haitong Securities Company Limited(600837) pointed out that the real estate sector has seen frequent positive results recently, and the sector has risen sharply continuously. It is not suitable to blindly catch up in the short term. Wait patiently for adjustment before bargain hunting. The whole real estate sector and related industrial chain are expected to get out of an independent market under the care of this year’s policies.
Kaiyuan Securities said that it continues to be optimistic about the allocation opportunities of the real estate sector in 2022, the policy surface continues to improve, the inefficient production capacity continues to be cleared, and the industry pattern has improved significantly. High quality enterprises have the basis for long-term valuation improvement.
Caixin Securities believes that the steady growth policy will continue to increase, and various ministries and commissions will probably further introduce supporting policies. At present, some cities have successively issued supporting policies. In particular, the abolition of the sales restriction policy in Harbin may become a new wind vane. Real estate transactions are expected to gradually return to normality, and it is expected that the real estate will usher in a good future.
A 5%
The concepts of lithium battery and lithium mine rose strongly in the session on the 30th. As of press time, the concepts of lithium battery, Shandong Taihe Water Treatment Technologies Co.Ltd(300801) , Guizhou Redstar Developing Co.Ltd(600367) , Zhejiang Yongtai Technology Co .Ltd(002326) , Xiangtan Electrochemical Scientific Co.Ltd(002125) , Jiangsu Azure Corporation(002245) and so on, Contemporary Amperex Technology Co.Limited(300750) rose by more than 5% to return to above 500 yuan; In terms of the concept of lithium ore, Eve Energy Co.Ltd(300014) , Ganfeng Lithium Co.Ltd(002460) , Gotion High-Tech Co.Ltd(002074) led the increase.
On the news side, at the forum of China electric vehicle hundred people’s conference held recently, Ouyang Minggao, academician of the Chinese Academy of Sciences, predicted that the supply-demand balance of lithium resources may return to normal in 2-3 years. Xin Guobin, Vice Minister of the Ministry of industry and information technology, said that he attached great importance to and seriously studied and solved the problem of sharp price rise of raw materials for power batteries, moderately accelerated the progress of China’s resource development, resolutely cracked down on unfair competition such as hoarding, speculation and speculation, guided upstream and downstream enterprises in the industrial chain to strengthen cooperation and common development, and promoted the return of the price of key raw materials to rationality. Some analysts pointed out that the current market expectation of “policy price control” of lithium began to be gradually digested, and the core contradiction of high lithium price is the shortage of lithium resources, which may continue for 2-3 years.
China Galaxy Securities Co.Ltd(601881) Securities said that at present, accelerating the development of China’s lithium resources and strengthening the coordination of upstream and downstream enterprises in the lithium battery industry chain are more effective and feasible measures to ensure the supply and price stability of key raw materials in the Shanxi Guoxin Energy Corporation Limited(600617) lithium battery industry chain. China’s policy is expected to promote the development of lithium resources such as lithium mine in Sichuan and mica in Jiangxi.
Caixin Securities pointed out that the price of lithium carbonate in the upstream resource side continued to reach a new high, which reflects the shortage of lithium resources. Lithium has become one of the core elements of the development of lithium battery industry. In 2022, the global demand for lithium carbonate maintained strong growth, and the growth on the supply side was relatively limited. In addition, relevant mining enterprises experienced the decline cycle of lithium mines in the previous period, so they were relatively cautious in expanding production. It is expected that the prices of lithium mines and lithium carbonate will remain high in 2022. In the short term, it is suggested to pay attention to the mica lithium extraction enterprises Yongxing Special Materials Technology Co.Ltd(002756) and Jiangxi Special Electric Motor Co.Ltd(002176) ; In the medium and long term, it is suggested to pay attention to the leading lithium resources Ganfeng Lithium Co.Ltd(002460) and Tianqi Lithium Corporation(002466) . At the midstream material end, with the recovery of the proportion of lithium iron phosphate installed back, the demand for lithium iron phosphate is increasing day by day. It is suggested to pay attention to Shenzhen Dynanonic Co.Ltd(300769) , the leader of lithium iron phosphate industry. At the same time, it is suggested to pay attention to upstream raw material enterprises, such as Hubei Xingfa Chemicals Group Co.Ltd(600141) , Yunnan Yuntianhua Co.Ltd(600096) , Xinyangfeng Agricultural Technology Co.Ltd(000902) .
construction sector is active again Shenzhen Jianyi Decoration Group Co.Ltd(002789) , Norinco International Cooperation Ltd(000065) and other stocks rise limit
The construction sector rose in intraday shock on the 30th. As of press time, Shenzhen Jianyi Decoration Group Co.Ltd(002789) , Norinco International Cooperation Ltd(000065) , China Haicheng, China Camc Engineering Co.Ltd(002051) , Greentown holdings and other trading limits, Shenzhen Weiye Decoration Group Co.Ltd(300621) , Sichuan Road & Bridge Co.Ltd(600039) , Arcplus Group Plc(600629) and other performances were outstanding. In terms of news, recently, the Ministry of housing and urban rural development triggered the “14th five year plan” for building energy conservation and green building development, which once again clarified the development direction of green buildings. The plan proposes that by 2025, the energy-saving transformation area of existing buildings will be more than 350 million square meters, the construction of ultra-low energy consumption and near zero energy consumption buildings will be more than 50 million square meters, the proportion of prefabricated buildings in new urban buildings in that year will reach 30%, the installed capacity of Cecep Solar Energy Co.Ltd(000591) photovoltaic in new buildings in China will be more than 50 million KW, the application area of geothermal energy in buildings will be more than 100 million square meters, and the replacement rate of renewable energy in urban buildings will reach 8%, The proportion of electricity consumption in building energy consumption exceeds 55%.
In terms of the implementation of incentive policies, in order to effectively promote the development of building energy conservation and green buildings, the plan proposes that housing and urban-rural construction departments at all levels should strengthen communication with development and reform, finance, taxation and other departments, strive to implement financial capital, price, taxation and other support policies, and provide support for high-star green buildings, ultra-low energy consumption buildings, zero carbon buildings, energy-saving transformation projects of existing buildings The construction of renewable energy application projects and green agricultural houses shall be given policy support.
In addition, from April 2022, the general code for building energy efficiency and renewable energy utilization will be officially implemented. The code is a mandatory document. Compared with the current implementation document, the new regulations list carbon emission calculation as a mandatory requirement, further refine the renewable energy utilization requirements, and put forward higher requirements for energy-saving design. Due to the relatively rapid growth of government demonstration projects such as affordable housing in 2022, Huaxi Securities Co.Ltd(002926) believes that the relevant achievements may be reflected quickly, and three types of building materials enterprises benefit from the industry: 1) building materials enterprises such as thermal insulation, sunshade and TPO waterproof: Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) , Shandong Yuma Sun-Shading Technology Corp.Ltd(300993) , Ningbo Xianfeng New Material Co.Ltd(300163) , Zhejiang Xidamen New Material Co.Ltd(605155) , etc. 2) Glass enterprises: the demand for energy-saving glass and BIPV may be further accelerated Flat Glass Group Co.Ltd(601865) , Zhuzhou Kibing Group Co.Ltd(601636) , Shandong Jinjing Science And Technology Stock Co.Ltd(600586) , Csg Holding Co.Ltd(000012) , Xinyi solar energy, etc. 3) Green construction enterprises of EPC steel structures related to BIPV: Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Hangxiao Steel Structure Co.Ltd(600477) , Zhejiang Southeast Space Frame Co.Ltd(002135) , Anhui Fuhuang Steel Structure Co.Ltd(002743) and other industries benefit.
new energy development welcomes favorable policies again UHV, energy storage concept and other collective rises Baoding Tianwei Baobian Electric Co.Ltd(600550) and other limits
UHV, energy storage, wind energy, photovoltaic and other new energy sectors collectively rose during the session on the 30th. As of press time, in UHV sector, Baoding Tianwei Baobian Electric Co.Ltd(600550) limit, Henan Pinggao Electric Co.Ltd(600312) , Xj Electric Co.Ltd(000400) , etc. rose higher; In terms of energy storage sector, Xiangtan Electrochemical Scientific Co.Ltd(002125) limit; In terms of wind energy sector, Norinco International Cooperation Ltd(000065) , Jiangsu Sinojit Wind Energy Technology Co.Ltd(601218) limit; In terms of photovoltaic sector, Lushan Xincai rose by the limit, Wuxi Autowell Technology Co.Ltd(688516) up nearly 8%.
The National Energy Administration issued the guiding opinions on energy work in 2022 on the 29th. The opinions proposed to steadily promote the structural transformation, increase the proportion of non fossil energy in the total energy consumption to about 17.3%, and the proportion of wind power and photovoltaic power generation in the total electricity consumption of the whole society to about 12.2%. Vigorously develop wind power and photovoltaic. Increase efforts to plan and build a new energy supply and consumption system based on large-scale scenery base, supported by clean, efficient, advanced and energy-saving coal power around it, and supported by stable, safe and reliable UHV power transmission and transformation lines. Optimize the layout of offshore wind power, carry out far-reaching demonstration of offshore wind power construction, and steadily promote the construction of offshore wind power bases. Actively promote the construction of water scenery complementary base. Continue to implement the development and construction of roof distributed photovoltaic in the whole county, and strengthen the supervision of the implementation.
Specifically, the opinions proposed to actively promote the planning and construction of transmission channels. In combination with the planning and development of large-scale wind power photovoltaic bases focusing on deserts, Gobi, deserts and other regions and the development situation of power supply and demand, actively promote the preliminary work of cross provincial and cross regional transmission channels that have been clearly planned. When the conditions are met, the approval procedures shall be performed promptly. Accelerate the construction of UHV channels from Nanyang to Jingmen to Changsha, Zhumadian to Wuhan, Jingmen to Wuhan, Baihetan to Jiangsu and Baihetan to Zhejiang. Promote the construction of power grid and power supply projects supporting key transmission channels, and strive to improve the utilization efficiency of transmission channels and the proportion of renewable energy.
Huachuang Securities said that the guidance on energy work in 2022 was officially issued, which made a top-level plan for the country’s energy work in 2022. The main goal of the country is to consolidate the foundation of energy supply guarantee, and accelerate the low-carbon transformation and the construction of new power systems. Suggestions: 1) photovoltaic industry chain: Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) , Trina Solar Co.Ltd(688599) , Ja Solar Technology Co.Ltd(002459) , Hangzhou First Applied Material Co.Ltd(603806) , Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , etc; 2) Energy storage battery industry chain: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Dynanonic Co.Ltd(300769) , Hunan Zhongke Electric Co.Ltd(300035) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , etc; 3) Wind power industry chain: Titan Wind Energy (Suzhou) Co.Ltd(002531) , Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) , Dajin Heavy Industry Co.Ltd(002487) , Ningbo Orient Wires & Cables Co.Ltd(603606) , Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , etc. 4) Related objects of new power system: Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) etc.
China will actively and orderly promote coastal nuclear power projects focus on nuclear island equipment companies with high gross profit (attached shares)
The National Energy Administration issued the guidance on energy work in 2022 on the 29th, proposing to build and put into operation nuclear power units such as Fuqing 6, Hongyanhe 6, Fangchenggang 3 and high temperature gas cooled reactor demonstration project, and actively and orderly promote the approval and construction of new coastal nuclear power projects on the premise of ensuring safety.
Gf Securities Co.Ltd(000776) pointed out that during the “14th five year plan” period, nuclear power construction is expected to reach 6-8 units per year, and the demand for nuclear power equipment is expected to reach tens of billions. According to the development and Prospect of China’s nuclear energy (2021), China’s independent third-generation nuclear power is expected to steadily advance according to the approval rhythm of 6-8 units per year; According to the modern energy system planning of the 14th five year plan, the China National Nuclear Power Co.Ltd(601985) installed capacity is planned to reach about 70 million kilowatts by 2025, an increase of about 40% year-on-year compared with the new installed capacity during the 13th Five Year Plan period; According to the cost of 18000 yuan / kW, the total cost of a 1 million KW nuclear power unit is 18 billion yuan. If it is promoted by adding 6-8 units every year, the market space of China’s nuclear power construction will reach 108144 billion yuan every year during the 14th Five Year Plan period, of which the annual market space of nuclear power equipment is about 54-72 billion yuan (the investment in nuclear power equipment accounts for about 50% of the investment in nuclear power plants).
Nuclear island equipment has high requirements for technology and safety, and the market is mainly dominated by some state-owned enterprises, so the gross profit is high; Different from nuclear island equipment, conventional island equipment and BOP equipment have low requirements for technology, and have a wide range of applications except nuclear power. The competition between private enterprises is relatively full and the gross profit is relatively low. Nuclear island equipment mainly includes pressure vessel, pressurizer, main pump and main pipeline. The main market participants are Dongfang Electric Corporation Limited(600875) , Shanghai Electric Group Company Limited(601727) , Harbin Power Group and Yizhong group. According to the prospective economist, among the nuclear island equipment, pressure vessels account for 23% of the investment in nuclear island equipment, main pipelines and heat exchangers account for 20%, steam generators and nuclear grade valves account for 17% and 12% respectively. According to China National Nuclear Power Co.Ltd(601985) e-procurement platform, China First Heavy Industries(601106) and Shanghai Electric Group Company Limited(601727) jointly won the bid for the pressure vessel equipment of Cx project reactor, with a total bid winning amount of 1374358400 yuan; Harbin Electric Power Group, Dongfang Electric Corporation Limited(600875) and Shanghai Electric Group Company Limited(601727) jointly won the bid for the steam generator equipment of reactor of Cx project, with a total bid winning amount of 270728 million yuan; Shanghai Valve No. 5 plant won the bid to become the supplier of conventional island and BOP other butterfly valve equipment for units 7 and 8 of Tianwan nuclear power plant and units 3 and 4 of xudabao nuclear power plant in Liaoning, with an amount of 239293 million yuan; Jiangsu saide Electric Co., Ltd. won the bid for the supply of nuclear grade cables for China National Nuclear Power Co.Ltd(601985) in 20202025, with an amount of 4.1919 million yuan.
state office issues the development plan of traditional Chinese medicine in the 14th five year plan related industrial chains or concerned (with shares)
The general office of the State Council recently printed and distributed the “14th five year plan” for the development of traditional Chinese medicine, which comprehensively deployed the work of traditional Chinese medicine during the 14th Five Year Plan period. The plan proposes that by 2025, the health service capacity of traditional Chinese medicine will be significantly enhanced, the high-quality development policy and system of traditional Chinese medicine will be further improved, the revitalization and development of traditional Chinese medicine will achieve positive results, and its unique advantages in the construction of a healthy China will be brought into full play. The plan puts forward the specific development goals of traditional Chinese medicine service system, characteristic talent team, inheritance and innovation, industry and health service industry, culture, open development and governance level, as well as 15 main development indicators.
Capital Securities pointed out that the leading companies in the traditional Chinese medicine sector have obvious cost performance and high allocation value. Traditional Chinese medicine has played an important role in the covid-19 epidemic. In recent years, with the continuous improvement of the high-level attention to the cause of traditional Chinese medicine, various policies supporting the development of traditional Chinese medicine have been issued one after another. Especially in 20202021, favorable policies for the traditional Chinese medicine industry will be intensively introduced, involving drug evaluation, clinical use, medical insurance payment, medical service system construction and many other aspects. The policy environment of the traditional Chinese medicine industry will be greatly improved, and the industry is expected to usher in an inflection point.
