Index
On Tuesday, March 29, 2022, the three major indexes fluctuated throughout the day. As of the closing, the Shanghai Composite Index fell 0.33% to 320394 points, the Shenzhen Component Index fell 0.46%, and the gem index fell slightly by 0.06%. The turnover of the two markets was 864 billion, and the northbound capital sold a net 328 million yuan today.
Comments
In the past six trading days, the trading volume of the two markets is less than trillion, and there are signs of shrinkage. The sentiment of capital admission is not strong. However, we believe that the market has fully digested external risks, and the current position is not high. We can gradually increase the balanced allocation of positions.
In addition to traditional infrastructure, real estate, steel and other undervalued defense sectors, we can pay attention to the layout opportunities of new infrastructure. New energy infrastructure, UHV and digital infrastructure are the key directions. First of all, these areas can drive a lot of investment and employment in the short term and hedge the downward pressure on the economy. In the long term, they are also of positive significance for economic structural adjustment and innovation. They play a comprehensive role in stabilizing growth, stabilizing employment and developing the new economy. Secondly, from the perspective of the national 14th five year plan, there is a lot of room for development in these fields. This year is an important window period for the implementation of the 14th five year plan. Therefore, there is a large increase in industry demand, and the growth rate of enterprise performance will benefit from it. In addition, from the perspective of valuation, with the decline of the market, the industry valuation has been adjusted to a very reasonable range, ushering in layout opportunities.
Industry dynamics
After preliminary accounting, the added value of the core industries of digital economy in Sichuan Province in 2021 was 401.22 billion yuan, accounting for 7.5% of the regional GDP, an increase of 0.7 percentage points over the previous year. From the perspective of internal structure, digital product manufacturing industry and digital technology application industry are the main body of the core industries of digital economy in Sichuan Province. In 2021, the added value of digital product manufacturing industry and digital technology application industry was 150.5 billion yuan and 211.29 billion yuan respectively, accounting for 37.5% and 52.7% of the added value of the core industries of digital economy in the province respectively; The added value of digital product service industry and digital factor driven industry were 7.61 billion yuan and 31.82 billion yuan respectively, accounting for 1.9% and 7.9% of the added value of the core industries of digital economy in the province respectively. The application industry of digital technology has developed the fastest, and the current price growth rate of added value has reached 30.8%. (website of Sichuan Provincial Bureau of Statistics)
Company dynamics
Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ( Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ): the company expects the net profit attributable to the owner of the parent company to be 174.8 million yuan to 209.8 million yuan in the first quarter of 2022, an increase of 1508406 million yuan to 1858406 million yuan compared with the same period of last year, an increase of 629.57% to 775.65% year-on-year. The operating income of this period is 1008 million yuan to 1078 million yuan, which will increase by 5266614 million yuan to 5966614 million yuan compared with the same period of last year, with a year-on-year increase of 109.42% to 123.96%.
Risk warning: the implementation of the policy is less than expected; The price of raw materials is higher than expected; The epidemic situation repeatedly exceeded expectations.
