Index
On Monday, April 11, 2022, as of the closing, the Shanghai stock index fell 2.61% to 316713 points, the Shenzhen Component Index fell 3.67%, and the gem index fell 4.10%. The turnover between the two markets was 963.7 billion yuan, and the north capital sold a net 5.762 billion yuan today. In terms of Shenwan class sector, the agriculture, forestry, animal husbandry and fishery sector rose, other sectors fell across the board, and the architectural decoration sector fell the least, down 0.65%.
Comments
The market fell sharply, infrastructure projects fell by 0.50%, showing good resilience. The upside down of interest rates in China and the United States has superimposed the impact of the epidemic on the economy, and the market risk appetite has been suppressed again. Industries with undervalued value, high dividends and relatively determined performance are more in line with the risk avoidance logic of the current market. Infrastructure is an important starting point for steady growth this year. The investment growth rate in the first quarter is in line with expectations, and it is expected to exceed expectations in the second quarter. Infrastructure is expected to become the main market. At present, the external environment of the market fluctuates greatly, which continues to have an impact on a shares. It is suggested to focus on the layout of new and old infrastructure related to steady growth.
Industry dynamics
On April 10, the opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market was issued. The opinions mentioned the construction of a modern circulation network. Optimize the layout of commercial circulation infrastructure, accelerate the construction of digitization, promote the development of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integration, and form more new platforms, new business forms and new models of commercial circulation. Promote the construction of the national logistics hub network, vigorously develop multimodal transport, and promote the standardized transportation mode of pallet and board. Vigorously develop third-party logistics, support the construction of digital third-party logistics delivery platform, promote the innovation of technology and business model of third-party logistics industry, cultivate a number of digital platform enterprises and supply chain enterprises with global influence, and promote the cost reduction and efficiency increase of logistics in the whole society. Strengthen the construction of emergency logistics system, improve the fortification level and disaster bearing capacity of transportation facilities and logistics stations in areas with high disaster risk, and actively prevent the risk of shortage of food, energy and other important products. Improve the national comprehensive three-dimensional transportation network, promote the construction of multi-level integrated transportation hubs, and promote the cross regional integrated development of transportation facilities. Establish and improve urban-rural integration, regional connectivity, safe and efficient telecommunications, energy and other infrastructure networks. (China government website)
Company dynamics
Huaming Power Equipment Co.Ltd(002270) ( Huaming Power Equipment Co.Ltd(002270) ): the company expects to realize the net profit attributable to the shareholders of the listed company from January to March 2022 from 60 million yuan to 75 million yuan, with a year-on-year increase of 40.46% to 75.58%. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 58.5 million yuan to 73.5 million yuan, with a year-on-year increase of 45.06% to 82.25%. （iFinD）
Risk warning: the implementation of the policy is less than expected; The price rise of raw materials exceeded expectations; The epidemic situation repeatedly exceeded expectations.
