Today (April 7), A-Shares opened low and went low. The main board of Shanghai and Shenzhen fell more than 1% and the gem fell 2%. On the disk, in terms of industry, cement building materials, coal, wine and other industries rose against the market; Real estate, agriculture, animal husbandry, feeding and fishing, traditional Chinese medicine, automobile, communication, semiconductor, photovoltaic, food and beverage and other industries led the decline. In terms of subject stocks, low-carbon metallurgy and phosphorus chemical industry rose against the market; Electronic ID card, digital currency, chicken concept, pork concept, covid-19 drugs, rental and sale of the same rights, assisted reproduction and other decline.
covid-19 medicine, real estate market “flameout” this real estate stock gained five boards
Market rotation intensified, coal, cement and other sectors rose against the trend, and covid-19 medicine and real estate sectors led by the previous day “stalled”. However, the internal differentiation of the callback sector has also intensified. Taking the real estate sector as an example, some stocks still kept rising in the morning. As of the midday closing, China Wuyi Co.Ltd(000797) has gained the one-stop limit for five consecutive trading days, and Shenzhen New Nanshan Holding (Group) Co.Ltd(002314) has also increased the limit for three consecutive trading days.
Guosen Securities Co.Ltd(002736) firmly optimistic about the investment opportunities in the real estate sector. From the perspective of individual stocks, in the development industry, state-owned enterprises with low market value and undervalued value, central enterprises and private enterprises whose operating risks have been fully reflected have a large margin for improvement; In the property management industry, the market share of developers of state-owned enterprises and central enterprises has been definitely increased, and their brother property companies can obtain more market share. At the same time, the valuation has certain advantages.
The current round of real estate market is strongly driven by policy expectations. In the view of insiders, it is not only the real estate industry that benefits. Anxin Securities believes that the expectation of marginal easing of real estate policy will help alleviate the market’s concerns about the credit risk of trust and insurance, improve the quality of trust and insurance assets, and boost the valuation level of corresponding stocks, which should be paid special attention to.
digital currency concept fell sharply Chutian Dragon Co.Ltd(003040) limit previous four-day limit
The concept of digital currency fell sharply in the session on the 7th. As of press time, Chutian Dragon Co.Ltd(003040) , CICC’s single letter fell by the limit, Wuhan Tianyu Information Industry Co.Ltd(300205) , Hengbao Co.Ltd(002104) , Beijing Cuiwei Tower Co.Ltd(603123) , Beijing Advanced Digital Technology Co.Ltd(300541) , etc. It is worth noting that Chutian Dragon Co.Ltd(003040) has been trading for four consecutive trading days recently.
Chutian Dragon Co.Ltd(003040) 5 announced that the company is concerned about the high attention paid to electronic ID card, digital RMB and related products in the recent market. Now the relevant matters are explained as follows: the company has cooperated with some industry customers to carry out the testing of electronic ID card related products, and there is no electronic ID card related business at present. The company has participated in the digital RMB pilot project of several operating institutions, and the digital RMB is still in the pilot stage. Up to now, the proportion of relevant business income in the overall income of the company is low. The company solemnly reminds investors of prudent decision-making and rational investment.
The company recently said on the interactive platform of Shenzhen stock exchange that the company has product solutions and technical reserves related to electronic ID cards, which can promote the company to carry out products and services related to identity recognition and identity authentication, as well as cross industry and multi domain security solutions. The company has completed product testing in cooperation with customers in some industries, and obtained product qualification and personalized production qualification of relevant products. The company will continue to invest in development. If the electronic ID card business is popularized and applied on a large scale, Chutian Dragon Co.Ltd(003040) has the ability to respond quickly according to the market demand and launch mature products and technical service solutions.
coal and steel sectors rose against the trend Qingdao East Steel Tower Stock Co.Ltd(002545) limit Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) , etc. rose
The coal sector rose in intraday shock on the 7th. As of press time, Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Shanxi Coal International Energy Group Co.Ltd(600546) , Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) , Yunnan Coal & Energy Co.Ltd(600792) , etc; The steel sector also strengthened. As of press time, Qingdao East Steel Tower Stock Co.Ltd(002545) limit, Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) , Shengtak New Material Co.Ltd(300881) and other gains were ahead.
For the coal sector, Cinda Securities pointed out that recently, a number of coal enterprises announced their annual reports and dividend plans for 2021, with a significant increase in revenue and net profit attributable to the parent company, and a good cash flow situation. Leading enterprises announced a high proportion of dividend plans to give back to shareholders. From the perspective of supply and demand fundamentals, the short-term disturbance factors of thermal coal have increased, and the price has returned to the rational range. However, the most important coal price inhibition factors (consumption off-season and policy factors) belong to the normal industry operation cycle and reasonable policy control, which do not exceed the expected range. The tight logic of supply and demand in the annual dimension has not changed, and the pressure on coal supply in summer has not decreased; The overall supply and demand of the iron and steel, coke and coking coal industry chain is tight, the downstream resumption of work and production is expected to increase, the demand increases, the upstream supply is limited, the overseas coking coal price hangs upside down, and the price is expected to remain high throughout the year.
At this stage, the industry fundamentals, the underlying logic of the policy and the direct effect are favorable for the repair and improvement of the valuation of the sector. Considering the certainty of the high growth of performance in the first half of this year, it is a reasonable stage for bargain hunting to allocate the coal sector. Investment rating: we continue to look at the coal sector in an all-round way and continue to suggest paying attention to the historic allocation opportunities of coal. It is suggested to pay attention to three main investment lines: first, Yankuang energy, the leader of low value and high dividend power coal, Shaanxi Coal Industry Company Limited(601225) , China Shenhua Energy Company Limited(601088) ; Second, Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Guizhou Panjiang Refined Coal Co.Ltd(600395) , which are both resource scarcity and significant growth; Third, Shanxi Coking Coal Energy Group Co.Ltd(000983) and Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , which have great potential for extensive expansion brought by the increase of asset securitization rate of state-owned coal group.
For the steel sector, some analysts pointed out that at present, the P / E ratio of A-share steel stocks is still at the bottom of history, and the phenomenon of “breaking the net” occurs frequently, accounting for the proportion of the total number of breaking the net, which is second only to banks and other sectors. At the same time, the performance of the steel sector has improved significantly, and most companies have launched cash dividends. With the significant recovery of real estate policy, the steel sector has strengthened.
Soochow Securities Co.Ltd(601555) said that under the background of historically high profits and low valuations, the carbon neutralization probability has brought the supply ceiling of the industry. In addition, the raw material side has contributed cost dividends again, and the steel stocks will usher in a wave of sector opportunities for double rise in performance and valuation.
Optimistic about the low value of high dividend ordinary steel, raw materials and some special steel. The first is Fangda Special Steel Technology Co.Ltd(600507) , Hunan Valin Steel Co.Ltd(000932) , Xinyu Iron & Steel Co.Ltd(600782) , Maanshan Iron & Steel Company Limited(600808) , Baoshan Iron & Steel Co.Ltd(600019) , Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) , Citic Pacific Special Steel Group Co.Ltd(000708) , etc; Pay attention to Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) , Inner Mongolia Eerduosi Resources Co.Ltd(600295) , Hbis Resources Co.Ltd(000923) , etc.
“food” market is coming public offering early layout is the opportunity for this sector coming
Recently, stimulated by relevant favorable policies, the agricultural sector has experienced strong shocks. At the same time, the net value of many agricultural related theme funds has risen against the trend. According to the annual report data, many public funds have ambushed the agricultural sector as early as the fourth quarter of last year, and the number of shares has increased significantly compared with the third quarter of last year.
For the next market, many fund managers said that at present, the valuation and institutional allocation proportion of the agricultural sector are in a low position. With the gradual improvement of fundamentals, this sector is expected to continue to obtain excess returns this year.
the world’s first “hydrogen production from waste + carbon recycling” project will be completed within this year related industrial chain or concern
According to Polaris hydrogen energy network, the world’s first “waste hydrogen production + carbon recycling” green hydrogen and green carbon plant invested and built by Chengkang hydrogen and carbon new material technology Co., Ltd. will be completed in Xiangyang City, Hubei Province this year. The project has successfully combined the disposal of sludge and kitchen, biogas production and hydrogen production from biogas. The hydrogen production process is synchronized with carbon fixation to produce carbon black, graphite and graphene. Finally, green hydrogen serves three industries such as hydrogen fuel cell vehicles (harmless solid waste, carbon recycling and integrated hydrogen production and hydrogenation) and more than a dozen key technical links, forming a replicable green hydrogen production, hydrogenation and Use the whole industry chain mode of integrated production and supply.
Ping An Securities pointed out that China has become the world’s largest producer of hydrogen, but at present, hydrogen mainly comes from gray hydrogen (fossil fuel), but the by-product hydrogen of chemical process has low cost and large output, and matches with hydrogen energy demonstration cities, which is the most realistic hydrogen source in the short term; With the promotion of the carbon market, the demand for green hydrogen is gradually increasing. In the future, the production of green hydrogen from electrolytic water supporting large-scale photovoltaic power generation or wind power generation will become a trend. As the hydrogen energy industry is gradually used in automobile and industry, the utilization of hydrogen energy will gradually increase. Pay attention to the application of hydrogen by-product of propane dehydrogenation and ethane cracking. The development of green hydrogen industry will promote the demand for electrolytic cells and new energy equipment, and new energy operators will also benefit.
Shanxi Securities Co.Ltd(002500) believes that China’s hydrogen energy industry is still in its primary stage, and the initial focus is on hydrogen production industry, especially hydrogen production from renewable energy. Downstream applications take fuel cell vehicles as the initial breakthrough, and will gradually expand to traditional high emission fields such as transportation, electric power, chemical industry and metallurgy in the future, so as to meet the long-term carbon neutralization goal. The overall emphasis on technology development in the planning is the overall emphasis on technology development in the overall emphasis on technology development in the planning, which highlights the priorities to fill the gaps and core technologies. It is suggested that the medium to long term focus on hydrogen production technologies and enterprises that have a strong industry, University, research, and research, and cooperate with international leading technology companies, hydrogen production technologies and high-pressure hydrogen storage technology enterprises, high-pressure hydrogen storage technology enterprises, and vehicle fuel cell core proton exchange membrane enterprises at the core proton of the fuel cell for vehicle fuel cell, such as: Tpv Technology Co.Ltd(000727) 23 yes.
carbon black market quotation continues to rise focus on China’s industry leading companies (attached shares)
Baichuan Yingfu data show that since late March, the average market price of carbon black has increased by 884 yuan / ton to 9866 yuan / ton. At present, the mainstream of N330 focuses on 94009800 yuan / ton, and the higher intention of 10000 yuan / ton is reported.
Kaiyuan Securities pointed out that carbon black is the product of incomplete combustion or thermal decomposition of carbonaceous substances (coal, natural gas, fuel oil, etc.). According to the purpose, carbon black can be divided into rubber carbon black and non rubber carbon black. Conductive carbon black in non rubber carbon black has the characteristics of “three high and one excellent” with high specific surface area, high structure, high purity and excellent conductivity. With the promotion of new energy vehicles, lithium battery has become the main application scenario of conductive carbon black. Lithium ion batteries require the conductive agent to have the characteristics of excellent conductivity, low density, stable structure and chemical properties. Conductive carbon black not only meets the requirements that the conductive agent does not participate in the redox reaction in the battery and has high acid-base corrosion resistance, but also has the characteristics of low cost and light weight.
According to the statistics of GGII, the national power lithium battery shipment in 2021 was 220gwh, with a year-on-year increase of 175%. It is expected to exceed 450gwh in 2022. The increase of lithium battery shipment will bring considerable demand increment for conductive carbon black. At present, the international mainstream conductive carbon black enterprises include France yiruishi, America Cabot, Japan Lion King and Germany eurilon (Evonik Degussa). China Jiangxi Black Cat Carbon Black Inc.Ltd(002068) has maintained a leading position in the carbon black industry in China since 2004. Since 2017, the company began to layout the field of special carbon black. At present, the company has a production capacity of 130000 tons of special carbon black, including about 10000 tons of conductive carbon black. At present, the company is selling conductive carbon black products, which are mainly used in the fields of cable shielding materials and conductive color masterbatch, and has been studying the standard medium and high-end conductive carbon black. In the long run, the vigorous development of China Shanxi Guoxin Energy Corporation Limited(600617) automobile industry will further drive the progress of conductive carbon black industry, and domestic substitution is a long-term trend.
