In early trading today, A-Shares rebounded slightly after the overall low opening, and the main stock indexes rose and fell. On the disk, coal, lithium, real estate, Baijiu and other sectors led the increase, while underground network management, tourism, securities companies, digital currency and other sectors led the decline. The net outflow of funds from Beishang was 1.787 billion yuan.
Hong Kong stocks rebounded across the board today. The Hang Seng index opened higher and rose nearly 1%, while the energy industry index and the Hang Seng mainland banking index rose more than 2%. Rare resources in the United States plunged 78% yesterday, a record low, today’s highest and soared 164%.
Shimei resources is mainly engaged in tantalum niobium metallurgical products. At the end of last year, it established a joint venture to enter the lithium battery industry and invested in the project of battery grade lithium salt circular economy industrial park with an annual output of 50000 tons. The annual report shows that in 2021, Ximei resources achieved an operating revenue of 773 million yuan, a year-on-year increase of 28.0%, and a net profit of 102 million yuan, a year-on-year increase of 45.17%.
weak market and pressure on securities companies
Brokerage stocks opened low and went low in early trading, down nearly 2%. Since this year, the index of this sector has been significantly adjusted by more than 27% Northeast Securities Co.Ltd(000686) in early trading, it opened and went down sharply, and once hit the limit Huaan Securities Co.Ltd(600909) , Boc International (China) Co.Ltd(601696) , Chinalin Securities Co.Ltd(002945) , Nanjing Securities Co.Ltd(601990) , etc. also fell one after another.
Due to the continuous downturn of the market and the recent sharp decline, the performance of securities companies’ stocks is under pressure. The performance of the five securities companies that released the first quarterly report today fell across the board, among which Western Securities Co.Ltd(002673) , Xiangcai Co.Ltd(600095) , Northeast Securities Co.Ltd(000686) turned profit into loss. As of today, a total of 14 securities companies have disclosed the first quarterly report, and the revenue and net profit of 11 have decreased year-on-year, of which 7 have changed from profit to loss.
Northeast Securities Co.Ltd(000686) 2022 in the first quarter, the operating income was 799 million yuan, a year-on-year decrease of 38.38%, and the net profit was – 259 million yuan, from profit to loss year-on-year. The main reason for the loss is that the floating loss of financial assets increased in the current period, and the income from changes in fair value was -549 million yuan. According to the Northeast Securities Co.Ltd(000686) annual report, securities brokerage and securities self operation are the two largest businesses of the company, with RMB 1.34 billion and RMB 1.022 billion respectively, accounting for 17.92% and 13.66% of the total operating revenue.
Leading securities companies also showed signs of fatigue. The performance express disclosed by Citic Securities Company Limited(600030) previously showed that the operating revenue in the first quarter was 15.216 billion yuan, a year-on-year decrease of 7.2%, and the net profit was 5.229 billion yuan, a year-on-year increase of only 1.24% Haitong Securities Company Limited(600837) in the first quarter, the operating revenue was 4.131 billion yuan, a year-on-year decrease of 63.09%, and the net profit was 1.5 billion yuan, a year-on-year decrease of 58.53% China Merchants Securities Co.Ltd(600999) over the same period, the operating revenue was 3.696 billion yuan, a year-on-year decrease of 38.01%, and the net profit was 1.490 billion yuan, a year-on-year decrease of 42.99%.
China Post Securities said that under the background of the recent downward market shock, the performance difference of proprietary business income of different companies is quite different from the company’s investment income and income from changes in fair value. The derivatives business ability of head securities companies is stronger than that of small and medium-sized securities companies, and their profitability in terms of anti risk fluctuation and structural market is stronger. In addition, it is common for the sci-tech innovation board to break new shares and investors to abandon their purchases this year. The follow-up investment system makes securities companies actively or passively bear the risk of investment income. The different performance of IPO will directly affect the company’s performance and cause further performance differentiation.
epidemic plagues the tourism industry
The tourism sector fluctuated violently in the morning. At the beginning of the opening, it fell unilaterally, once fell by nearly 4%, and then rebounded in a straight line. It once turned red in the session, but the selling was heavy, and the stock index fell step by step, falling by 2.3% at noon Jiangsu Tianmu Lake Tourism Co.Ltd(603136) touched the intraday limit, Guangzhou Lingnan Group Holdings Company Limited(000524) , Xi’An Qujiang Cultural Tourism Co.Ltd(600706) , Wuhan Sante Cableway Group Co.Ltd(002159) , Caissa Tosun Development Co.Ltd(000796) , etc.
From the historical data, during holidays, most of the tourism sector has impulse market. However, affected by the epidemic, the number of tourists during the May Day holiday may be significantly reduced this year. According to the wechat official account of “China Railway”, the national railway May Day holiday transportation in 2022 is launched today. It will last for eight days from April 28 to May 5. It is estimated that the national railway will send 32million passengers, and the passenger flow is generally low.
We should know that the number of railway passengers sent during the May Day holiday in 2021 is 117 million. According to the data of the Ministry of transport, the number of railway passengers sent in the first three days of the May Day holiday last year exceeded 47.29 million, of which the number of railway passengers sent on May 1 reached 18.83 million.
A few days ago, the Sichuan Provincial Department of transportation released the “joint analysis and prediction report on comprehensive transportation in Sichuan Province during the May Day holiday in 2022”, which also shows that the passenger volume of railway and civil aviation in Sichuan Province is expected to decline by about 70% this year compared with the same period in 2021.
Previously, the data of the first quarter of 2022 released by the Ministry of culture and tourism showed that the tourism industry was under great pressure. In the first quarter, the total number of Chinese tourists was 830 million, a decrease of 194 million or 19.0% over the same period last year. Among them, 621 million urban residents visited, down 11.4%; The number of rural residents traveling was 209 million, down 35.3%.
Qunar data also shows that the average price of medium and low star hotels in popular tourist cities on May Day this year has hit a new low in the same period in recent five years. Overall, there are 20 cities where the average price of high star hotels has fallen by more than 10%, and 16 cities where the average price of medium and low star hotels has fallen by more than 10%.
Dongguan securities listed companies with limited profitability in the next quarter. Recently, China has increased measures to ensure supply and stability, and the number of new confirmed cases of the epidemic in Shanghai has dropped, but the industry is still under pressure in the short term.
