Market Review
Last week (April 25-april 29, 2022), the commerce and retail sector (Shenwan) fell by 1.52%, the Shanghai Composite Index fell by 1.29%, the Shenzhen Component Index fell by 0.27%, the Shanghai and Shenzhen 300 rose by 0.07%. The commerce and retail sector lost the Shanghai and Shenzhen 300 by 1.6 percentage points, ranking 13th in the weekly rise and fall of Shenwan's 31 primary sub industries.
Epidemic disturbance, weak supply and demand
The boom index continued to fall below the "boom and bust" line in April. In April, the manufacturing PMI was 47.4%, lower than the previous value (49.5%); The non manufacturing business activity index was 41.9%, lower than the previous value (48.4%); The comprehensive PMI output index was 42.7%, lower than the previous value (48.8%). The production and operation activities of enterprises are continuously affected by the outbreak of the epidemic in many places in China, and the non manufacturing industry is more seriously damaged. The supply side continued to shrink due to weakening internal and external demand and production disturbance. The spread of the epidemic inhibits business activities and enterprise expectations in the service industry, and transmits them to prices.
Gold prices fluctuated upward from last week's high. As the GDP data of the United States in the first quarter was lower than expected, it stimulated the demand for risk avoidance in the market.
Announcement of key companies
[ Yonghui Superstores Co.Ltd(601933) ] ① the revenue in 2021 was 91.062 billion yuan, a year-on-year decrease of 2.29%; The net loss attributable to the parent company was 3.944 billion yuan, with a profit of 1.794 billion yuan in the same period last year. ② In 2022q1, the revenue was 27.243 billion yuan, an increase of 3.45% year-on-year and 28.34% month on month; The net profit attributable to the parent company was 502 million yuan, a year-on-year increase of 205354%. [ Kidswant Children Products Co.Ltd(301078) ] ① in 2021, the revenue was 9.049 billion yuan, an increase of 8.30% year-on-year; The net profit attributable to the parent company was 202 million yuan, a year-on-year decrease of 48.44%. ② In 2022q1, the revenue was 2.109 billion yuan, a year-on-year decrease of 2.90%; The net loss attributable to the parent company was 324351 million yuan, and the net profit in the same period of last year was 406023 million yuan, which turned from profit to loss year-on-year. [ Easyhome New Retail Group Corporation Limited(000785) ] the revenue of 2022q1 was 3.105 billion yuan, a year-on-year decrease of 7.3%; The net profit attributable to the parent company was 505 million yuan, a year-on-year decrease of 18.25%. [ Shanghai Aiyingshi Co.Ltd(603214) ] the revenue of 2022q1 was 855 million yuan, an increase of 57.38% year-on-year; The net loss attributable to the parent company was 122715 million yuan, a year-on-year decrease of 210.4%. [ Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) ] the revenue of 2022q1 was 12.238 billion yuan, a year-on-year increase of 12%; The net profit attributable to the parent company was 334 million yuan, a year-on-year decrease of 42.18%.
Key industry news
Shenzhen will issue 500 million yuan of consumption coupons, which will be available from April 28. [JD] ① 618 key points: upgrade the traffic mechanism, and the proportion of short videos in the station will increase to nearly 70%; Support characteristic categories and small and medium-sized businesses, and improve the input-output ratio of businesses by at least 20%. ② Jingdong international cross-border B2B transaction and service platform was officially launched. [Alibaba] ① the legal representative of Xianyu was readjusted and changed from Jin Ke to Ding Jian. ② Alibaba.com was officially released by Alibaba international station com. Pay cross border collection service.
Risk tips
Recurrence and spread of the epidemic; Macroeconomic downturn; Industry policy regulation exceeded expectations; Offline store expansion was lower than expected.
