Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
three barrels of oil gather today a cnooc listed 44%44% On April 21, CNOOC landed in A-Shares and listed on the Shanghai Stock Exchange. In the call auction stage, CNOOC rose 20% to 12.96 yuan, standing at 43.98% immediately after the opening, reaching the increase limit on the first day of listing and triggering the temporary stop mechanism. CNOOC is the first of the three barrels of oil to be listed overseas. On February 27, 2001, the company publicly issued American depositary receipts and was listed on the New York Stock Exchange with the securities code of “CEO”. With the successful listing of CNOOC, “three barrels of oil” successfully joined a shares. Previously, China Petroleum & Chemical Corporation(600028) , Petrochina Company Limited(601857) were listed on A-Shares on August 8, 2001 and November 5, 2007 respectively. At present, Petrochina Company Limited(601857) , China Petroleum & Chemical Corporation(600028) share prices rise slightly. According to the issuance arrangement, CNOOC will use the “green shoe” mechanism in this issuance, that is, within 30 days of listing, the lead underwriter will buy shares in call auction at a price not higher than the issuance price according to the market conditions. According to the annual report, CNOOC achieved oil and gas sales revenue of 222.1 billion yuan in 2021, a year-on-year increase of 59.1%; The net profit attributable to the shareholders of the parent company was 70.3 billion yuan, a year-on-year increase of 181.7%. According to the prospectus, by the end of 2020, the company had net proven reserves of about 5.37 billion barrels of oil equivalent, a record high; The service life of reserves has been maintained at more than 10 years in recent three years. From 2018 to 2020, the reserve substitution rate of the company was 126%, 144% and 136% respectively, and the reserve substitution rate remained high. Looking forward to the future, CNOOC said it would continue to seek effective production growth. The target of reserve substitution rate in 2022 is no less than 130%. The annual net production targets for 20222024 are Shanghai Zhongyida Co.Ltd(600610) million barrels of oil equivalent, 640650 million barrels of oil equivalent and 680690 million barrels of oil equivalent respectively. Xinda securities research report said that with the support of this round of raised funds, CNOOC’s oil and gas development scale ushered in a new round of growth and the company’s valuation ushered in repair opportunities. Unlike onshore integrated oil companies such as Sinopec and PetroChina, CNOOC is the largest offshore upstream oil and gas production leader in China and the world’s largest independent oil and gas exploration and production company. CNOOC’s return to a this time also further enriched the stock types of A-share market and filled the gap in pure upstream oil and gas stocks in the Chinese market. Kuaijishan Shaoxing Rice Wine Co.Ltd(601579) increased the limit again gained three boards on the fourth day, with a cumulative rise of nearly 40% Company Risk Reminder Kuaijishan Shaoxing Rice Wine Co.Ltd(601579) ( Kuaijishan Shaoxing Rice Wine Co.Ltd(601579) ) quickly raised the daily limit after opening on the 21st. As of press time, the stock was reported at RMB 12.84, with more than 74000 daily limit board seals. So far, the stock has gained three trading limits in the last four trading days, with a cumulative increase of 37.6%. The company announced yesterday that after verification, no media reports or market rumors affecting the trading price of the company’s shares were found, and the company did not involve the concept of market hot spots. At present, the production and operation activities of the company are normal, the market environment and industrial policies of the company have not been significantly adjusted, and the production cost and sales have not fluctuated significantly; The production and operation order of the company and its wholly-owned and holding subsidiaries is normal, and there is no major information that should be disclosed but not disclosed that affects the abnormal fluctuation of the company’s stock trading price. The majority of investors should be cautious in short-term trading and pay attention to the large fluctuation of the company’s stock price. The company also pointed out that the controlling shareholder Jinggong Group Co., Ltd. holds 164 million shares of the company, accounting for 32.97% of the total share capital of the company, and enters the judicial reorganization procedure. The above matters may lead to the change of the actual control right of the company and the risk of unstable control right of the company. At present, the bankruptcy reorganization procedure of the controlling shareholder of the company has not been completed and is still in the stage of judicial reorganization. There are still major uncertainties about the success of its bankruptcy reorganization. In addition, the annual report recently disclosed by the company shows that in 2021, the company achieved an operating revenue of 1.25 billion yuan, an increase of 12.81% over the same period last year; The net profit attributable to shareholders of listed companies was 284 million yuan, a decrease of 1.81% over the same period last year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 138 million yuan, an increase of 13.69% over the same period of last year. The company said that in 2022, it will actively respond to market changes, concentrate its advantages, improve efficiency and further promote the sustainable development of the company. According to the development status of the industry and the actual operation of the company, the company will strive to achieve the business goal of increasing the sales revenue of alcohol and the profit of main business in 2022 compared with the previous year. market value approaching 100 billion mark In early trading on April 21, Sungrow Power Supply Co.Ltd(300274) fell again. Yesterday’s after hours billboard data showed that Shenzhen Stock connect sold 906 million yuan and bought 447 million yuan. The three institutions sold 229 million yuan and the three institutions bought 247 million yuan. On April 19, Sungrow Power Supply Co.Ltd(300274) disclosed the annual report of 2021 and the first quarterly report of 2022. The announcement shows that in 3 Chongqing Sansheng Industrial Co.Ltd(002742) 021, the net profit attributable to the shareholders of the listed company decreased by 19.01% year-on-year, and the company made an impairment provision of 481 million yuan for some assets with signs of impairment. As of the closing on the 20th, Sungrow Power Supply Co.Ltd(300274) fell by the limit to 72.08 yuan. Many institutions believe that the performance of 3 Chongqing Sansheng Industrial Co.Ltd(002742) 021 is lower than expected. Anxin Securities said that the company’s net profit fell sharply in the fourth quarter of 2021. The net profit attributable to the parent company in the quarter was 78 million yuan, down nearly 90% on a month on month basis; Since the beginning of 2022, the performance has achieved steady growth, and all businesses in the whole year need to be comprehensively accelerated. China International Capital Corporation Limited(601995) said that the performance of 3 Chongqing Sansheng Industrial Co.Ltd(002742) 021 was lower than expected, and lowered the company’s net profit for the whole year of 2022. textile and garment concept strengthened against the trend Rumere Co.Ltd(301088) , tamus and other stocks rose by the limit Textile and garment sector had a strong intraday trend on the 21st. As of press time, Rumere Co.Ltd(301088) , temus, Shanghai Dragon Corporation(600630) , Zhejiang Sunrise Garment Group Co.Ltd(605138) and other trading limits, Lancy Co.Ltd(002612) , Shanghai Metersbonwe Fashion&Accessories Co.Ltd(002269) , Hongda High-Tech Holding Co.Ltd(002144) , Jinfa Labi Maternity & Baby Articles Co.Ltd(002762) . According to the statistics of the General Administration of customs, the export volume of China’s textile yarn, fabric and products in March 2022 was US $11.825 billion, with a year-on-year increase of 22.24% in March and a cumulative year-on-year increase of 15.1% from January to March; The export volume of clothing and clothing accessories was US $10.224 billion, with a year-on-year increase of 10.50% in March and a cumulative year-on-year increase of 7.4% from January to March. The cumulative growth rate of export volume of textiles and clothing in March was accelerated. Everbright Securities Company Limited(601788) pointed out that the growth trend of textile and clothing exports in the first quarter of 2022 was good, reflecting the continuous increase of overseas demand. In the future, we still need to pay attention to two aspects: first, the impact of the overseas epidemic is weakened, and the return trend of orders is gradually decreasing or entering normalization, testing the order retention ability of local enterprises; Second, the recent epidemic situation in China has spread in many places, which may adversely affect the normal production and logistics transportation of enterprises. The agency said that in terms of downstream brand clothing, the end consumer demand still needs to pay attention to the epidemic, especially the progress of prevention and control in Shanghai and other places. It is expected that the retail data in March and April will be under pressure. At the same time, with the gradual easing of the epidemic, the retail end will be gradually repaired, and the second quarter is expected to be the low point of the whole year. In terms of target selection, on the one hand, it is recommended to pay attention to the sports clothing leaders with the valuation correction in place and the long-term logic is still clear, including Anta sports, Li Ning and Tebu international. On the other hand, it is also recommended to pay attention to the high-end sports fashion representatives Biem.L.Fdlkk Garment Co.Ltd(002832) , the leaders with long-term stable pattern and steady growth, etc. new vocational education law 5 According to Xinhua news agency, the 34th meeting of the Standing Committee of the 13th National People’s Congress voted on April 20 to adopt the newly revised vocational education law, which will go into effect on May 1, 2022. The new vocational education law makes it clear that vocational education is an education type with the same important status as general education. Efforts to improve the recognition of vocational education, deepen the integration of industry and education and school enterprise cooperation will better promote the high-quality development of vocational education. Shenwan Hongyuan Group Co.Ltd(000166) believes that the reform of vocational education is a systematic reform covering applied undergraduate, higher vocational, technical schools and secondary vocational education. Judging the expansion of higher vocational colleges, the establishment of vocational undergraduate enrollment, and continuously improving the participation rate of non academic vocational training are the three main lines of the reform. It is estimated that the number of people involved in vocational education is as high as 330 million. These include 50 million students with high school education or above and 280 million labor market workers with junior high school education or above. With the continuous improvement of the gross enrollment rate of higher education, China’s higher education presents a development tone focusing on the cultivation of undergraduate and other research talents. The proportion of undergraduate students has increased year by year, reaching 18.25 million in 2020, accounting for more than 55% of all college students. On the other hand, the development of applied talents is relatively slow, and the proportion of higher vocational students in the same year is only 45%. Compared with the 3:7 or 4:6 ratio of undergraduate and higher vocational students in the United States, Germany and other developed countries, the talent training structure of China’s higher education is seriously unbalanced. The market is in urgent demand, and the supply of applied talents with practical ability is insufficient, which leads to the increase of the unemployment rate of fresh graduates year by year since 2014, and the mismatch between talent supply and market demand. The development of vocational undergraduate education and the expansion from higher vocational education to undergraduate education will improve the vocational education and training system. Referring to the “catalogue of Vocational Education Majors (2021)” issued by the Ministry of education, vocational undergraduate courses are upgraded from corresponding disciplines of Higher Vocational Colleges (junior colleges), and the discipline setting is progressive at all levels. With the establishment of vocational undergraduate and the emergence of vocational undergraduate graduates, the social recognition of vocational education will also be improved. Vocational education college entrance examination improves the attraction of secondary vocational school enrollment, and pays attention to the layout of Companies in relevant fields, such as China Oriental Education; There is a significant supply gap for higher vocational undergraduate courses. Pay attention to private higher vocational and applied undergraduate schools with sufficient transformation power, such as hope education, Gaoxin education group, Yuhua education and Neusoft education. The extensive development of non academic vocational training will benefit the companies that layout the industry in advance, such as China Oriental Education, New Oriental, etc. Guosheng securities recommended to pay attention to Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) , and the company realized a revenue of 29.42 million yuan by relying on the non academic higher education business carried out by the College of communication and intelligence as the platform. Investment in secondary vocational schools is expected to open up the incremental market of academic education under the Dongfeng vocational education policy. China will develop nuclear power in an orderly manner on the premise of absolute safety related industrial chains or concerned (with shares) Xinhua reported that on April 20, the executive meeting of the State Council proposed to develop nuclear power in an orderly manner on the premise of strict supervision and ensuring absolute safety. After years of preparation and comprehensive evaluation and review, three new nuclear power unit projects in Sanmen, Zhejiang, Haiyang, Shandong and Lufeng, Guangdong have been approved. Dongguan Securities pointed out that the global energy consumption structure is accelerating the transformation to low-carbon due to factors such as global warming and the continuous consumption of non renewable fossil energy. China has successively issued a number of nuclear power industry policies and national requirements for low-carbon emissions and the promotion of clean energy, which have become an important thrust for the sustainable development of the nuclear power industry. Sinolink Securities Co.Ltd(600109) believes that with the increase of the number of newly started units, the cost of a single nuclear power unit is about 20 billion yuan based on the investment cost of 16000 yuan / kW of the third generation unit. It is expected that nuclear power construction will usher in a new round of high-speed development of investment, and the annual investment in nuclear power will exceed 100 billion yuan in the middle and late period of the 14th five year plan. The acceleration of nuclear power construction is beneficial to the whole industrial chain, and equipment manufacturers and operators welcome long-term benefits.
