Market review this week:
This week (2022.3.282022.4.1), the gem index (399006. SZ) rose 1.10% to close at 2667 points, and the weekly average turnover rate of individual stocks was 21.57%; The industries with the top three increases were real estate (+ 22.13%), media (+ 4.15%), non bank finance (+ 3.68%), and the industries with the top three decreases were mining (- 9.50%), steel (- 6.00%), textile and garment (- 4.19%). Kechuang 50 ( Guocheng Mining Co.Ltd(000688) . SH) fell 1.60% to close at 1089 points, and the weekly average turnover rate of individual stocks was 11.51%; Only the household appliances (+ 1.40%) industry rose, and the top three industries with declines were steel (- 6.48%), food and beverage (- 4.83%) and automobile (- 4.01%).
Listing & fixed growth trend:
Gem: listing: this week (2022.3.282022.4.1), there were four newly listed companies on the gem. On the first day of listing, C wankai (301216. SZ) and zhaoxun media (301102. SZ) broke, and the other two rose; Fixed increase: Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) , Wuxi Hodgen Technology Co.Ltd(300279) , Winall Hi-Tech Seed Co.Ltd(300087) , Hangzhou Jizhi Mechatronic Co.Ltd(300553) , Jiangsu Bojun Industrial Technology Co.Ltd(300926) issuance fixed increase plan, Shenzhen Emperor Technology Company Limited(300546) , Hunan Zhongke Electric Co.Ltd(300035) , century Tianhong, Sinofibers Technology Co.Ltd(300777) fixed increase listing.
Sci tech Innovation Board: listing: this week (March 28, 2022-april 1, 2022), there were three newly listed companies on Sci tech innovation board. On the first day of listing, changguanghuaxin (688048. SH), Rongchang Biology (688331. SH) and Rendu Biology (688193. SH) all broke. Fixed increase: this week (3.28-4.1) Swancor Advanced Materials Co.Ltd(688585) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Oke Precision Cutting Tools Co.Ltd(688308) , Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co.Ltd(688505) issued the fixed increase plan, and Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) was listed.
Recent new shares:
Godson Zhongke (a21222. SH): the company is a processor and supporting chip provider, focusing on the development, sales and service of processors and supporting chips. The compound growth rates of the company’s operating revenue and net profit attributable to the parent company from 2018 to 2021 were 83.87% and 210.59% respectively. The downstream demand of CPU is strong, and the global market space is very broad. With the strong support of national policies, the market share of Chinese enterprises in global downstream industries is expected to further expand. With the completion of the fund-raising project, the implementation of the project will help improve the performance of Godson general processor chip, improve the company’s market competitive position in the integrated circuit industry and occupy an advantage in the future market competition.
Focus on tracking the basic situation of individual stocks: this week, the small cap team of Zhongtai middle school covered dingyang Technology (688112. SH) for the first time: the company is a high-tech enterprise focusing on general electronic testing and measuring instruments and providing relevant solutions. It is the only national key “little giant” enterprise in the main product field of the four general electronic testing and measuring instruments. From 2017 to 2021, the CAGR of the company’s revenue and net profit attributable to the parent company were 25.25% and 42.46% respectively. We predict that the operating revenue of the company from 2022 to 2024 will be RMB 396 / 544 / 700 million respectively, the net profit attributable to the parent company will be RMB 129 / 181 / 244 million respectively, the three-year net profit attributable to the parent company CAGR will be 44.47%, and the diluted EPS calculated based on the current total share capital of 107 million shares will be RMB 1.21/1.70/2.29. The current share price of the company predicts that the PE multiples of EPS from 2022 to 2024 are 45 / 32 / 24 times respectively, and the “buy” investment rating is given for the first time.
This week’s view:
With the gradual release of market risks and the gradual introduction of relevant policies, the overall market will gradually stabilize. Since the beginning of the year, the overall valuation level of small and medium-sized market capitalization stocks has decreased significantly. It is suggested to pay attention to high-quality stocks with strong certainty and reasonable valuation.
Risk warning: the risk that the information and data used in the research report are not updated in time; Macroeconomic fluctuation risk; The impact of the epidemic, overseas situation and other events on the economy is higher than expected.
