Follow up comments
On April 20, 2022, the Shanghai Composite Index closed at 315105 points, down 1.35%; The Shenzhen Component Index closed at 1139223 points, down 2.07%. The Chongqing composite index, which we focus on, closed at 334561 points, down 1.16%; Sichuan composite index closed at 793944 points, down 1.10%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Chongqingyukaifaco.Ltd(000514) ( Chongqingyukaifaco.Ltd(000514) , 10.07%), Guanghui Logistics Co.Ltd(600603) ( Guanghui Logistics Co.Ltd(600603) , 10.04%), and Maoye Commercial Co.Ltd(600828) ( Maoye Commercial Co.Ltd(600828) , 10.00%). The 42 companies we focus on fell by an average of 1.14%, among which the top three stocks were: Sichuan Teway Food Group Co.Ltd(603317) ( Sichuan Teway Food Group Co.Ltd(603317) , 7.91%), Qianhe Condiment And Food Co.Ltd(603027) ( Qianhe Condiment And Food Co.Ltd(603027) , 4.36%), New Hope Dairy Co.Ltd(002946) ( New Hope Dairy Co.Ltd(002946) , 1.65%). By industry, the top three sectors in Sichuan and Chongqing were commerce and retail (2.42%), food and beverage (2.28%) and beauty care (0.99%).
According to the data released by Sichuan Provincial Bureau of statistics, the total retail sales of social consumer goods in the province in the first quarter was 591.7 billion yuan, a year-on-year increase of 5.1%. Among them, the catering revenue was 78.31 billion yuan, a year-on-year decrease of 1.5%; Retail sales of goods reached 513.39 billion yuan, an increase of 6.2%. Since this year, covid-19 epidemic has broken out in many places for a long time and affected many cities, which has a great impact on the consumer market, especially catering and tourism. The consumption scene is greatly limited. In addition, the impact of the epidemic in some areas on the supply chain has also led to the decline of terminal consumption in relevant industries. In the medium and long term, China’s economy has strong resilience. At present, China still has great consumption potential. After the epidemic, catering and tourism are expected to achieve a rapid recovery, and food, beverage, automobile and other industries will be gradually repaired with the recovery of the supply chain. In the first quarter, the economy of Sichuan and Chongqing maintained steady growth, and the consumption has strong resilience. It is optimistic that the consumption is expected to recover steadily after the follow-up epidemic. It is suggested to pay attention to the leading food and beverage enterprises in Sichuan and Chongqing, with relevant targets: Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) , Qianhe Condiment And Food Co.Ltd(603027) , etc.
Industry dynamics
According to the data of Sichuan Provincial Bureau of statistics, Sichuan achieved a regional GDP of 1273924 billion yuan in the first quarter of 2022, a year-on-year increase of 5.3%. Among them, the added value of the primary industry was 80.842 billion yuan, an increase of 4.3%; The added value of the secondary industry was 468216 billion yuan, an increase of 6.4%; The added value of the tertiary industry was 724866 billion yuan, an increase of 4.8%. (China News Network)
Company dynamics
Ningbo Jintian Copper (Group) Co.Ltd(601609) ( Ningbo Jintian Copper (Group) Co.Ltd(601609) ): the first quarter report of 2022 was released. In the first quarter of 2022, the company achieved an operating revenue of 21.42 billion yuan, a year-on-year increase of 36.44%, and a net profit attributable to shareholders of listed companies of 134 million yuan, a year-on-year increase of 32.05%. （wind）
Kun hengshunwei ( Sichuan Xichang Electric Power Co.Ltd(600505) ): released the annual report for 2021. The company achieved an operating revenue of 163 million yuan in 2021, with a year-on-year increase of 25.12%, and a net profit attributable to shareholders of listed companies of 51 million yuan, with a year-on-year increase of 13.03%. （wind）
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
