This week, Sichuan composite index rose 0.38% and Chongqing composite index rose 1.86%.
As of April 1, 2022, the PE of Sichuan sector is 34.30 times, and the overall valuation level has decreased; The PE of Chongqing sector is 18.43 times, and the overall valuation level has increased. By industry, the top three sectors in Sichuan and Chongqing this week were real estate (+ 18.99%), banks (+ 6.96%) and media (+ 5.76%). From the perspective of listed companies, the top three gainers are Cccg Real Estate Corporation Limited(000736) (+ 61.14%), Chongqingyukaifaco.Ltd(000514) (+ 56.46%) and Senci Electric Machinery Co.Ltd(603109) (+ 14.35%); The top three declines were Chongqing Pharscin Pharmaceutical Co.Ltd(002907) (- 21.04%), Sichuan Jinlu Group Co.Ltd(000510) (- 15.76%) and Chongqing Mas Sci.& Tech.Co.Ltd(300275) (- 15.29%). The 42 listed companies we focus on in Sichuan and Chongqing rose by 0.13% on average. The top three were: Xinhua Winshare Publishing And Media Co.Ltd(601811) (+ 13.04%), Jinke Property Group Co.Ltd(000656) (+ 12.23%), Sichuan Languang Development Co.Ltd(600466) (+ 8.78%); The top three declines were: Sichuan Jinlu Group Co.Ltd(000510) (- 15.76%), Sichuan New Energy Power Company Limited(000155) (- 8.29%) and Sichuan Zhongguang Lightning Protection Technologies Co.Ltd(300414) (- 5.38%).
The new infrastructure industry and digital economy in Sichuan and Chongqing will maintain rapid development.
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 Sichuan 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.
Major projects in Sichuan and Chongqing are progressing smoothly.
According to the data of Sichuan Provincial Development and Reform Commission, from January to February, 700 provincial key projects in Sichuan Province completed an investment of 110.2 billion yuan, accounting for 17.3% of the annual planned investment, 0.7 percentage points higher than the planned progress. Next, Sichuan will sum up its experience and practice, and on the basis of continuing to strengthen policy support and factor guarantee, let investment bear the heavy responsibility and become a top soldier in the high-quality development of the province, so as to promote the accelerated construction of key projects and the high-quality economic development of the province. With the continuous promotion of the construction of Chengdu Chongqing twin city economic circle, a large number of construction projects will be started this year, continuously releasing a large number of infrastructure needs, which will benefit the infrastructure related industrial chain enterprises in Sichuan and Chongqing. In addition, with the successive construction of several planned industrial parks, it will lay a good foundation for the development of high-tech, new energy and other industries, and promote the rapid growth of related industries in Sichuan and Chongqing.
Risk tip: macroeconomic growth is lower than expected, covid-19 epidemic continues to be at risk, and consumption recovery is lower than expected.
