Follow up comments
On April 14, 2022, the Shanghai Composite Index closed at 322564 points, up 1.22%; The Shenzhen Component Index closed at 1171462 points, up 1.27%. The Chongqing composite index, which we focus on, closed at 341798 points, down 1.90%; Sichuan composite index closed at 811334 points, up 3.00%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Sichuan Hongda Co.Ltd(600331) ( Sichuan Hongda Co.Ltd(600331) , 10.08%), Chongqingyukaifaco.Ltd(000514) ( Chongqingyukaifaco.Ltd(000514) , 10.03%), Jinke Property Group Co.Ltd(000656) ( Jinke Property Group Co.Ltd(000656) , 10.02%). The 42 companies we focused on rose by an average of 1.75%, among which the top three stocks were: Jinke Property Group Co.Ltd(000656) ( Jinke Property Group Co.Ltd(000656) , 10.02%), Luzhou Laojiao Co.Ltd(000568) ( Luzhou Laojiao Co.Ltd(000568) , 8.73%), Maccura Biotechnology Co.Ltd(300463) ( Maccura Biotechnology Co.Ltd(300463) , 7.24%). By industry, the top three sectors of average growth in Sichuan and Chongqing are: real estate (5.47%), food and beverage (4.88%), textile and clothing (4.70%). According to the data of State Grid Sichuan electric power company, in the first quarter of 2022, State Grid Sichuan Electric Power completed 3.943 billion kwh of electricity substitution, a year-on-year increase of 4.76%. Driven by the dual carbon policy, power substitution will maintain a large scale during the 14th Five Year Plan period. At present, the transformation of energy structure and power substitution in Sichuan and Chongqing are progressing smoothly, and Sichuan is rich in clean energy resources. With the continuous promotion of low-carbon transformation in Chengdu Chongqing twin city economic circle, it will drive the continuous implementation of water, wind, photovoltaic and energy storage related infrastructure projects in Sichuan and Chongqing, which will be conducive to the further development of related industries in Sichuan and Chongqing.
Industry dynamics
The 2022 state owned construction land supply plan of all districts in Chengdu was published on the website of Chengdu Municipal People’s government. In the total amount of state owned construction land supply plan of all districts in Chengdu in 2022, 300 hectares (4500 mu) of commercial and service land accounted for 6.7%; 780 hectares (11700 mu) of industrial and mining storage land, accounting for 17.7%; 920 hectares (13800 mu) of residential land, accounting for 21%; 930 hectares (13950 mu) of land for public management and public services, accounting for 21.1%; The land for transportation is 1100 hectares (16500 mu), accounting for 25%; 361 hectares (5415 mu) of water area and water conservancy facilities, accounting for 8.2%; Special land covers 9 hectares (135 mu), accounting for 0.2%. (China News Network)
Company dynamics
Sichuan Development Lomon Co.Ltd(002312) ( Sichuan Development Lomon Co.Ltd(002312) ): release the performance forecast for the first quarter of 2022. In the first quarter of 2022, the company is expected to realize a net profit attributable to the shareholders of the listed company of 250290 million yuan, with a year-on-year increase of 124.90% – 160.88%. (wind) Chongqing Road & Bridge Co.Ltd(600106) ( Chongqing Road & Bridge Co.Ltd(600106) ): released the annual report for 2021, the company achieved an operating revenue of 165 million yuan in 2021, a year-on-year decrease of 18.32%, and a net profit attributable to shareholders of listed companies of 256 million yuan, a year-on-year increase of 12.54%. (wind) acousto optic Electronics Division ( Cetc Energy Joint-Stock Co.Ltd(600877) ): released the annual report for 2021, the company achieved an operating revenue of 1.655 billion yuan in 2021, a year-on-year decrease of 3.41%, and a net profit attributable to shareholders of listed companies of 139 million yuan, a year-on-year increase of 2.52%. （wind）
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
