Follow up comments
On March 30, 2022, the Shanghai Composite Index closed at 326660 points, up 1.96%; The Shenzhen Component Index closed at 1226380 points, up 3.10%. The Chongqing composite index, which we focus on, closed at 365118 points, up 1.26%; Sichuan composite index closed at 822431 points, up 3.18%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Sichuan Injet Electric Co.Ltd(300820) ( Sichuan Injet Electric Co.Ltd(300820) , 16.92%), Cheng Du Sheng Nuo Biotec Co.Ltd(688117) ( Cheng Du Sheng Nuo Biotec Co.Ltd(688117) , 14.99%), Cccg Real Estate Corporation Limited(000736) ( Cccg Real Estate Corporation Limited(000736) , 10.02%). The 42 companies we focused on rose by an average of 2.91%, among which the top three stocks were: Sichuan Injet Electric Co.Ltd(300820) ( Sichuan Injet Electric Co.Ltd(300820) , 16.92%), Shenghe Resources Holding Co.Ltd(600392) ( Shenghe Resources Holding Co.Ltd(600392) , 8.08%), Sichuan Furong Technology Co.Ltd(603327) ( Sichuan Furong Technology Co.Ltd(603327) , 6.94%). By industry, the top three sectors in Sichuan and Chongqing are: real estate (5.04%), building materials (4.70%) and food and beverage (3.77%).
According to the data released by Sichuan Provincial Bureau of statistics, 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 PCT over the previous year. Among them, the added value of digital product manufacturing industry and digital technology application industry were 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 rapidly, and the current price growth rate of added value has reached 30.8%. 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.
Industry dynamics
Chongqing issued the construction plan of comprehensive pilot demonstration areas, demonstration parks and demonstration projects for the expansion and opening up of Chongqing’s service industry, which will help Chongqing build a leading area for the development of inland modern service industry by relaxing market access, reforming the supervision mode, optimizing the market environment, focusing on key fields and industries, and creating a number of demonstration areas and demonstration parks with new system and mechanism, high degree of openness and good business environment. (China News Network)
Company dynamics
Sichuan Road & Bridge Co.Ltd(600039) ( Sichuan Road & Bridge Co.Ltd(600039) ): according to the annual report for 2021, the company achieved an operating revenue of RMB 85.049 billion in 2021, with a year-on-year increase of 31.73%, and a net profit attributable to shareholders of listed companies of RMB 5.582 billion, with a year-on-year increase of 85.43%. （wind）
Chengdu Galaxy Magnets Co.Ltd(300127) ( Chengdu Galaxy Magnets Co.Ltd(300127) ): according to the annual report for 2021, the company achieved an operating revenue of 861 million yuan in 2021, with a year-on-year increase of 42.51%, and a net profit attributable to shareholders of listed companies of 194 million yuan, with a year-on-year increase of 31.12%. （wind）
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
