Follow up comments
On January 11, 2022, the Shanghai Composite Index closed at 3567.44 points, down 0.73%; The Shenzhen Component Index closed at 14223.35 points, down 1.27%. The Chongqing composite index, which we focus on, closed at 3784.66 points, down 1.00%; Sichuan composite index closed at 9454.17 points, down 1.16%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Chengdu Easton Bio Pharmaceuticals Co.Ltd(688513) (688513, 12.41%), Chongqing Mas Sci.& Tech.Co.Ltd(300275) (300275, 10.10%), Chongqing Pharscin Pharmaceutical Co.Ltd(002907) (002907, 10.01%). The 42 companies we focused on fell by an average of 1.30%, of which the top three stocks were: Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (300504, 3.95%), Sichuan Jinlu Group Co.Ltd(000510) (000510, 1.36%), Dongfang Electric Corporation Limited(600875) (600875, 1.12%). By industry, the top three sectors in Sichuan and Chongqing are: Bank (+ 2.00%), medicine and Biology (+ 1.36%) and steel (+ 0.92%).
On January 10, the Chengdu municipal government officially issued the “14th five year plan” for new economic development in Chengdu, proposing that by 2025, the new economic revenue will reach more than 2.5 trillion yuan, and the new economic added value will account for more than 30% of GDP, forming a set of replicable and popularized new economic development experience; Strengthen innovation strategy sources, capture and master a number of key core technologies, and cultivate more than three new economic advantageous industries with the highest market share in China. Specifically, it will focus on developing 32 new economic frontier tracks such as UAV, network information security, new retail, hydrogen energy, industrial Internet and 6G communication. The economic growth of Sichuan and Chongqing is steady. It has a good foundation and technical strength in many industries such as computer and electronic information, consumption and equipment manufacturing. Grasping the direction of industrial upgrading and promoting the construction of emerging industries will help to become a new driving force for the development of Chengdu Chongqing double City Economic Circle and further accelerate the regional economic growth.
Industry dynamics
Chongqing Housing and Urban Rural Development Commission issued the “14th five year plan” for green buildings in Chongqing, proposing to promote the transformation of existing public buildings from single energy-saving transformation to comprehensive green transformation, and explore energy-saving transformation of residential buildings in combination with the transformation of old urban communities. By the end of 2025, the proportion of urban green buildings in the city will reach 100% of new buildings, 10 million square meters of star green buildings have been built. (China News Network)
Company dynamics
Sichuan Kelun Pharmaceutical Co.Ltd(002422) (002422): release the announcement on the company’s innovative drug kl340399 injection (sting agonist) receiving the notice of clinical trial.
Chengdu B-Ray Media Co.Ltd(600880) (600880): the announcement on the progress of introducing strategic investors by public listing and capital increase of wholly-owned subsidiaries was issued. The wholly-owned subsidiary Beijing roaming Valley Information Technology Co., Ltd. solicited and finally confirmed Shanghai magic power information technology Co., Ltd. as its strategic investor through southwest United equity exchange, with a capital increase of 30 million yuan, Among them, the newly added registered capital of roaming Valley is 1.25 million yuan, accounting for 11.11% of the total shares.
Risk tips: economic recovery is lower than expected, covid-19 outbreak risk, raw material price fluctuation risk.
