Index
On Tuesday, April 25, 2022, as of the closing, the Shanghai stock index fell 1.44% to 288643 points, the Shenzhen Component Index fell 1.66%, and the gem index fell 0.85%. The turnover between the two markets was 838.8 billion yuan, and the northbound capital bought 1.543 billion yuan today.
Comments
Today, the market rose and fell, and infrastructure showed some resilience. Housing construction increased by 3.71% and infrastructure construction increased by 1.96%. In terms of individual stocks, the top five gainers were Shandong Hi-Speed Road&Bridge Co.Ltd(000498) ( Shandong Hi-Speed Road&Bridge Co.Ltd(000498) , 10.04%), China Communications Construction Company Limited(601800) ( China Communications Construction Company Limited(601800) , 6.39%), Xinjiang Communications Construction Group Co.Ltd(002941) ( Xinjiang Communications Construction Group Co.Ltd(002941) , 5.84%), Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) ( Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) , 5.80%), Shanghai Tunnel Engineering Co.Ltd(600820) ( Shanghai Tunnel Engineering Co.Ltd(600820) , 5.29%). The best performing stocks in the infrastructure sector are all rail transit related enterprises. Under the market game without incremental funds, the market is more optimistic about the certainty of rail transit. At present, China’s economy is seriously dragged down by the epidemic, and the downward pressure on the economy has increased again due to the continuous impact of the external environment. Although the resumption of work and production in areas with serious epidemic is progressing in an orderly manner and exports and consumption are expected to pick up, its contribution to economic growth may be very limited. Under this background, infrastructure investment is expected to increase again. We expect large-scale construction of infrastructure projects at the end of the second quarter and the third quarter, The demand of the industrial chain is expected to burst out. It is suggested to pay attention to infrastructure projects, building materials and other directions.
Industry dynamics
According to the data released by the Ministry of transport on April 26, at present, 3102 expressway service areas in China have built charging and replacement infrastructure, and about 13374 charging piles have been built, mainly in the eastern regions such as Beijing Tianjin Hebei, Yangtze River Delta and Pearl River Delta, with relatively low coverage in the Western and northeast regions. The Ministry of transport, the national energy administration and other departments recently drafted an action plan to accelerate the construction of charging infrastructure along the highway. At present, the plan is soliciting opinions from all localities. (Financial Associated Press)
Company dynamics
Xinjiang Goldwind Science And Technology Co.Ltd(002202) ( Hongrun Construction Group Co.Ltd(002062) ): the 26th meeting of the seventh board of directors of the company deliberated and approved the proposal on the layout of Wenzhou offshore wind power industry base, and agreed to establish a strategic partnership with Wenzhou Municipal People’s government and sign the strategic cooperation framework agreement. At the same time, based on the strategic cooperation framework agreement, it is agreed that the company and the Management Committee of Wenzhou oujiangkou industrial agglomeration zone sign the project investment agreement on matters related to the landing of Xinjiang Goldwind Science And Technology Co.Ltd(002202) Wenzhou far-reaching sea offshore wind power zero carbon headquarters base and other projects in oujiangkou, Signed the project investment cooperation agreement with Wenzhou Dongtou District People’s Government on matters related to building an internationally leading and far-reaching offshore equipment manufacturing and service industry cluster. According to the above agreement, the total investment of the company and other enterprises is about 18.8 billion yuan. On April 25, 2022, Xinjiang Goldwind Science And Technology Co.Ltd(002202) and Wenzhou Municipal People’s government signed the strategic cooperation framework agreement; Signed the project investment agreement with the Management Committee of Wenzhou oujiangkou industrial agglomeration zone; Signed the project investment cooperation agreement with Wenzhou Dongtou District People’s government. The contents and terms of the above agreement are consistent with the contents of the above announcement. （ 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.
