Today (April 12), A-Shares rebounded from shock, the Shanghai index and the gem index recovered important levels, and the market showed a general upward pattern. On the disk, in terms of industry, tourism hotels, airports, shipbuilding, wine making, shipping ports, commercial department stores, securities, games, logistics and other sectors led the increase; The fertilizer industry made a slight correction. In terms of subject shares, the unified market, securities concept, tax exemption concept, horse racing concept, cloud games, online travel, Baijiu and industrial aircraft are among the biggest gainers. Glyphosate, the concept of civil explosion, covid-19 drugs, locust control and other small corrections.
brokerage sector rose in the afternoon Hongta Securities Co.Ltd(601236) and other stocks rose by the limit China International Capital Corporation Limited(601995) and so on
The brokerage sector rose after noon on the 12th. As of press time, Hongta Securities Co.Ltd(601236) , Boc International (China) Co.Ltd(601696) , Guosheng Financial Holding Inc(002670) and other trading limits, Chinalin Securities Co.Ltd(002945) , Guoyuan Securities Company Limited(000728) rose ahead.
At present, a number of listed securities companies have issued 2021 annual reports, and securities companies have entered the intensive period of performance disclosure. Among them, a number of securities businesses have achieved remarkable growth. Previously, the operating data of Companies in the securities industry in 2021 released by China Securities Association: 140 securities companies in the industry achieved an operating revenue of 502.41 billion yuan and a net profit of 191119 billion yuan, with a year-on-year increase of 12.03% and 21.32% respectively. This is also the increase of revenue and net profit of the securities industry for three consecutive years. In addition, roe has steadily increased to 7.4% for four consecutive years. China Post Securities believes that listed securities companies usually have stronger comprehensive profitability and risk resistance than non listed securities companies. Considering that the whole industry has a double-digit performance growth base, industry operation data has become a performance safety cushion for listed securities companies, and we can expect the performance of all listed securities companies in 2021.
Everbright Securities Company Limited(601788) pointed out that the current valuation of the securities sector deviates from the fundamentals, the valuation is at a historical low, and the repair of the undervalued financial sector under the main line of “steady growth” is still worth looking forward to. It is suggested to pay attention to two main lines: 1) for the leading securities companies with outstanding comprehensive strength and gradually increasing market share in the securities sector, Citic Securities Company Limited(600030) (a + H) is recommended; 2) In the era of wealth management, China stock market news, which has differentiated competitiveness in the field of Internet wealth management, and Gf Securities Co.Ltd(000776) , which benefits from the development of fund subsidiaries, are recommended.
liquor stocks rebounded strongly Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) and other daily limit Tsingtao Brewery Company Limited(600600) and other big rises
Alcohol stocks had a strong intraday trend on the 12th. As of press time, Gansu Huangtai Wine-Marketing Industry Co.Ltd(000995) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Anhui Golden Seed Winery Co.Ltd(600199) , Hai Nan Yedao (Group) Co.Ltd(600238) and other trading limits, Chongqing Brewery Co.Ltd(600132) , Tsingtao Brewery Company Limited(600600) , Jiugui Liquor Co.Ltd(000799) , Luzhou Laojiao Co.Ltd(000568) .
Baijiu Baijiu, Baijiu, Baijiu, the liquor industry, the agency said that in the short term, 3 and April were the low season of liquor, and the performance of the Baijiu liquor was affected by the 2020 outbreak. The short-term blockade had a impact on the growth of quarterly performance, but extended to the whole year. The high-end liquor benefited from the cyclical performance, and the growth performance was good. The fluctuation of the consumption scenario of the second high-end liquor and regional liquor was more intense, but the consumption after the epidemic was reissued to release a large demand. The growth of sub high-end liquor enterprises with excellent growth still has a bright performance in the whole year. Standing in the present, the high-end Baijiu 2022 steady growth of performance certainty.
Soochow Securities Co.Ltd(601555) said that the overall dynamic sales performance during the Spring Festival is good, and the goal of a good start is expected to be achieved smoothly. It is expected that all liquor enterprises have basically completed the task of the first quarter from January to February. 3-4 months in the Baijiu industry, the low proportion of income, the current epidemic situation of the annual sales of wineries is still controllable. High end liquor is in the long-term value distribution range. With the gradual mitigation of the impact of the epidemic, the scene recovery and confidence recovery are expected to promote the rebound of the sector.
In terms of the beer sector, the agency believes that the epidemic situation in most parts of China repeated in March and the cost continued to rise. Combined with the experience of 2021, the operating data of the beer industry is expected to fluctuate slightly in the short term. However, from the performance of key companies’ annual reports in 2021, the high-end trend is still in steady progress. The short-term fluctuation does not change the long-term theme. Under the structural upgrading, the ton price has a steady rhythm.
coal stocks are popular organization: currently in the early stage of a new round of upward cycle of coal economy
In the morning trading on April 12, the coal sector was collectively red. As of press time, China Coal Energy Company Limited(601898) , Yunnan Coal & Energy Co.Ltd(600792) , Shanxi Coking Co.Ltd(600740) , Shanxi Coal International Energy Group Co.Ltd(600546) , China Shenhua Energy Company Limited(601088) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) and others have followed suit. On the news side, on the news side, yesterday, China Coal Energy Company Limited(601898) announced that it is expected to achieve a net profit of 6.45 billion yuan to 7.13 billion yuan in the first quarter of 2022, with a year-on-year increase of 83.8% to 103.2%. During the reporting period, the high price of main products and the increase of investment income of joint-stock enterprises increased significantly year-on-year.
In terms of industry, according to the data of the Bureau of statistics, the power generation from January to February 2022 increased by 9% year-on-year in 2021 and 22% year-on-year in 2020. In the first quarter of 2022, the average price of Bohai Rim thermal coal index was 743 yuan / ton, with a year-on-year increase of 25%. The average spot price of Newcastle NEWC thermal coal was 240 US dollars / ton, with a year-on-year increase of 168%. The price of thermal coal was relatively strong.
Shenyin Wanguo believes that benefiting from the strong downstream demand and the sharp rise in overseas coal prices, coal companies experienced high commodity coal prices in the first quarter. Despite the strengthening of supply guarantee in the first quarter, the demand for thermal power heating in the downstream and the growth of coal power demand brought about by the resumption of work and production of industrial enterprises led to the increase of power coal demand, superimposed with the rise of overseas coal prices, and China’s coal prices fluctuated upward. Steady growth is expected, and the recovery of downstream demand will help the coal industry maintain a high outlook. Focus on stable operation, high dividend and high dividend target China Shenhua Energy Company Limited(601088) , high dividend undervalued transformation target Yankuang energy and high growth undervalued target Guanghui Energy Co.Ltd(600256) .
travel agency issued a document by the Ministry of culture and tourism can temporarily refund the quality guarantee deposit in full concept stocks and multi stock trading limit
On April 12, tourism stocks rose sharply. As of press time, nearly 10 stocks including Zhang Jia Jie Tourism Group Co.Ltd(000430) , Yunnan Tourism Co.Ltd(002059) , Guilin Tourism Corporation Limited(000978) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) , Wuhan Sante Cableway Group Co.Ltd(002159) , etc. rose by the limit.
According to the official account of “WeChat’s public address”, the general office of the Ministry of culture and tourism issued a notice on further adjusting the relevant policy of the temporary refund of the quality of the travel service quality in April 11th. The notice pointed out that since 2022, the covid-19 pneumonia epidemic situation has been complex and severe, causing a serious impact on the travel agency industry. In order to implement the decisions and arrangements of the CPC Central Committee and the State Council, do a good job in the “six stability” work, implement the “six guarantees” task, further make good use of the deposit policy of tourism service quality, and support the relief and development of the travel agency industry, the Ministry of culture and tourism has decided that travel agencies can withdraw the deposit in full or postpone payment, and the time limit for making up the deposit is extended to March 31, 2023.
Minsheng Securities pointed out that the Ministry of culture and tourism took many measures to promote the recovery of tourism in the second quarter. It is suggested to pay attention to the four main lines of recovery logic: (1) high-quality hotel targets at the bottom of the cycle / stable long-term growth logic; (2) For the targets of high-quality scenic spots that benefit from the increased penetration of leisure tourism and peripheral tourism, it is suggested to pay attention to the targets with complete tourism industry chain business, Wuxi Online Offline Communication Information Technology Co.Ltd(300959) tourism business connection and benefit from the increased attention of ice and snow tourism; (3) Targets with strong growth fundamentals and incubating new brands and new business formats; (4) The tax-free sector benefiting from consumption return and consumption upgrading, as well as the human services sector with obvious anti cyclical attributes.
game version number after 8 months resumption of distribution game sector is expected to usher in new opportunities
On April 11, the official website of the State Press and Publication Administration announced the approval list of domestic online games in April 2022. A total of 45 games have obtained version numbers, which is the first batch of domestic online games approved by the State Press and publication administration since July 2022. According to the information on the official website of the State Press and publication administration, 45 games have been approved this time, including 5 client games, 39 mobile games and 1 switch game console product.
On July 22, 2021, the State Press and Publication Administration announced the list of 87 games with version numbers in July 2021, but no new version number approval information has been published since then. The version numbers released this time are the first batch in 2022 and the first batch of game version numbers released since July 2021.
Anxin Securities pointed out that the release of version numbers will be restarted, and the game sector is expected to usher in a new era. 1) Valuation: the current valuation of the game sector is at the low level of the past 2-3 years. After the substantive suspension of the game edition in August 2021, it has been in the state of valuation repression. After the resumption of the edition, it is expected to start the first round of rebound and gradually repair the valuation level of the sector. 2) Performance: after the release of the version number is resumed, the online rhythm of new products of the game company will be accelerated, and the game industry is expected to usher in a new round of performance drive.
quantum communication technology breakthrough market space is expected to be further opened (with shares)
It is reported that the team of Tsinghua University has realized a new quantum direct communication system with a communication distance of 100 kilometers for the first time, which is the longest quantum direct communication distance in the world and helps to realize intercity quantum direct communication without relay. Professor Long Guilu of the Department of physics of Tsinghua University proposed the first protocol of quantum direct communication in 2000. Quantum direct communication uses quantum state as carrier to encode and transmit information, which is a new paradigm of quantum secure communication.
Anxin Securities pointed out that quantum communication mainly refers to quantum encrypted communication, that is, using the superposition state and entanglement effect of quantum to generate, distribute and receive quantum keys with the help of classical communication. It is the closest technology to commercialization in quantum information technology. Quantum communication mainly relies on quantum random number generator (QRNG), quantum key distribution equipment (QKD) and other equipment to form key resources and provide information encryption services for customers such as government affairs, finance, electric power and data center. According to the research on patent layout and development trend of quantum communication technology, as of May 27, 2021, the number of patent applications in the field of quantum communication in China is 2599, which is the country with the largest number of patent applications in the world and has a relative competitive advantage. China’s “quantum trunk line” has a number of international leading achievements in the field of quantum communication, such as the “quantum trunk line” in Shanghai.
IDq is the leader in the current quantum communication industry. It was founded in 2001. It is a leading quantum communication enterprise with the earliest creation and the most experienced products in the world. IDq first launched commercial QKD and QRNG products, and launched the world’s first quantum security chip in 2020. Samsung released 5g quantum security mobile phone using its technology. Chinese quantum related enterprises mainly include Quantumctek Co.Ltd(688027) , Kyushu quantum, Wentian quantum and Benyuan quantum. Each company has its own advantages in the fields of quantum computing and quantum communication.
Guorong Securities believes that quantum communication is one of the forward-looking new generation information technologies that China focuses on developing. China has successfully built the world’s first satellite ground quantum communication network, covering 32 nodes in four provinces and three cities in China. In the future, with the completion of the quantum secure communication standard system and the further improvement of the cognition of industry users with security needs, the market space of quantum communication technology is expected to be further opened. Pay attention to individual stocks Digital China Information Service Company Ltd(000555) , Beijing Philisense Technology Co.Ltd(300287) , etc.
