Market Review
Last week (April 11-april 15, 2022), the commerce and retail sector (Shenwan) rose 3.12%, the Shanghai Composite Index fell 1.25%, the Shenzhen Component Index fell 2.6%, and the Shanghai and Shenzhen 300 fell 0.99%. The commerce and retail sector outperformed the Shanghai and Shenzhen 300 by 4.11 percentage points, ranking third in the weekly rise and fall of Shenwan’s 31 primary sub industries.
Supply side
In March this year, CPI rose year-on-year and was flat month on month. In March, CPI rose by 1.5% year-on-year, with the previous value of 0.9%; The previous value was 0.6%. Among the eight sub items, the prices of food, tobacco and alcohol decreased by 0.3% year-on-year and 0.9% month on month, as consumer demand fell after the Spring Festival and the epidemic; Transportation and communication prices increased by 5.8% year-on-year and 1.6% month on month. Due to the continuous rise of international energy prices, China’s refined oil and natural gas prices rose, and the increase was further expanded compared with February. The price of main food is most affected by the price of pork, and the price of fresh vegetables rises anti seasonally.
In March this year, PPI fell year-on-year and the month on month increase expanded. In March, PPI increased by 8.3% year-on-year, with the previous value of 8.8%; Up 1.1% month on month, compared with 0.5% before. The price of means of production increased by 10.7% year-on-year and 1.4% month on month; The price of means of living increased by 0.9% year-on-year and 0.2% month on month.
Gold prices fluctuated strongly. Gold prices returned to the upward trend last week because inflation accelerated in the United States in March and Inflation Hedging demand supported gold prices.
Announcement of key companies
[fast technology] awarded 3 million 246 thousand and 770 share options to the company’s co-founder and CEO Kwai Yi, at HK $66.46 per share. [ Beijing United Information Technology Co.Ltd(603613) ] in 2021, the company achieved a revenue of 37.230 billion yuan, a year-on-year increase of 116.98%; The net profit was 578 million yuan, a year-on-year increase of 89.97%. [ Shanghai Aiyingshi Co.Ltd(603214) ] the company achieved an operating revenue of RMB 2.652 billion in 2021, a year-on-year increase of 17.55%; The net profit attributable to the parent company was 73.478 million yuan, a year-on-year decrease of 36.97%; Net profit deducted from non parent company was 289697 million yuan, a year-on-year decrease of 64.97%. [ China National Gold Group Gold Jewellery Co.Ltd(600916) ] in 2021, the company achieved a revenue of 50.758 billion yuan, a year-on-year increase of 50.23%; The net profit was 794 million yuan, a year-on-year increase of 58.84%.
Key industry news
[JD] the number of performing orders in Shanghai has reached 43% of the average daily volume before the epidemic. It is expected that it will return to 60% before the epidemic on April 17 and about 80% in the week from April 18. [meituan] take out community group meals have been opened in all administrative regions of Shanghai, providing services to more than 7000 communities and 8 million citizens, and a total of 200000 meals have been delivered. [vipshop] officially joined the community group purchase and started the recruitment of community group purchase leaders in Zhuzhou, Hunan. [ Yonghui Superstores Co.Ltd(601933) ] the digital employment of offline stores has been implemented, and more than 1000 stores across the country are expected to improve human efficiency by 30% this year.
Risk tips
Recurrence and spread of the epidemic; Macroeconomic downturn; Industry policy regulation exceeded expectations; Offline store expansion was lower than expected.
