Index
On Monday, April 18, 2022, as of the closing, the Shanghai Composite Index fell 0.49% to 319552 points, the Shenzhen Composite Index rose 0.37%, the gem index rose 1.11%, and the turnover between the two markets was 778.3 billion yuan. In terms of sectors, agriculture, forestry, animal husbandry and fishery, electronics and power equipment led the rise, up 3.43%, 2.79% and 2.24% respectively.
Comments
The trend of infrastructure sector was divided. The poor performance of real estate and traditional infrastructure led to the decline of steel, cement and other sectors in varying degrees. New infrastructure sectors such as photovoltaic equipment, wind power equipment, power grid equipment and communication equipment increased by 4.25%, 1.76%, 2.43% and 2.83% respectively. Today, the trading volume of the market shrinks again, and the market confidence is obviously insufficient. Today, the Bureau of statistics released the national economic data for the first quarter. China's GDP was 270178 billion yuan, a year-on-year increase of 4.8% at constant prices, the national fixed asset investment (excluding farmers) was 104872 billion yuan, a year-on-year increase of 9.3%, and the infrastructure investment (excluding power, heat, gas and water production and supply industries) increased by 8.5% year-on-year. From the perspective of economic data, the economy started smoothly in the first quarter. If the epidemic can be further controlled, the resumption of work and production of enterprises and the circulation of goods and materials are expected to be promoted. With the precise force of macro policies, we have better expectations for the economic recovery in the second and third quarters. In terms of investment suggestions, the current market lacks incremental funds, the seesaw effect between value stocks and growth stocks is prominent, and the switching between them is difficult to grasp in the short term. At the current stage, it is recommended to take performance as the main judgment standard for investment, and pay attention to relevant sectors such as intercity rail transit, water conservancy, wind power and photovoltaic.
Industry dynamics
Recently, Heilongjiang Province issued the "14th five year plan" for the development of digital economy in Heilongjiang Province, proposing that by 2025, the added value of core industries of digital economy will account for more than 10% of GDP, the digital economy will achieve leapfrog development, strive to build a northeast base of digital industrialization, form a digital Longjiang model of manufacturing industry, build a national model of modern digital agriculture, and improve the primacy of smart ecotourism Build a cross-border digital cooperation center. It defines the new layout of "one district, two belts and multiple bases" for the coordinated development of digital economy in the core area of leapfrog development of digital economy in Harbin, the demonstration belt of digital economy in Qidu, Harbin, the open belt of digital economy in border areas and the regional digital economy base with distinctive characteristics. Focusing on the cultivation and expansion of Longjiang digital product manufacturing industry, we have determined to build 10 digital product manufacturing industrial chains: integrated circuit, sensor, high-definition new display, wearable device, virtual reality, computer, information communication, satellite manufacturing, intelligent equipment and automotive electronics; Focusing on strengthening and optimizing software to build the information technology service industry, it has determined 10 key development areas: basic software, industrial software, application software, embedded software, emerging platform software, and information security, cloud computing, big data, digital creativity and metauniverse. (National Development and Reform Commission website)
Company dynamics
Sinosteel Engineering & Technology Co.Ltd(000928) ( Sinosteel Engineering & Technology Co.Ltd(000928) ): the company released the first quarterly report of 2022 on April 17. During the reporting period, the company achieved an operating revenue of 3.05 billion yuan, a year-on-year increase of 10.03%; The net profit attributable to the shareholders of the listed company was 129 million yuan, a year-on-year increase of 4.97%. （iFinD）
Risk warning: the implementation of the policy is less than expected; The price rise of raw materials exceeded expectations; The epidemic affected the economy more than expected.
