Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
Hangzhou Hikvision Digital Technology Co.Ltd(002415) limit the company said there were many uncertain factors in its business in the United States, but it was in orderly development
On May 5, Hangzhou Hikvision Digital Technology Co.Ltd(002415) opened below the limit. In terms of news, on April 29, Hangzhou Hikvision Digital Technology Co.Ltd(002415) said on the investor interaction platform that there were many uncertain factors in the company's business in the United States, but it was still in orderly development. The proportion of the company's business in various regions has been changing dynamically, and there is no specific proportion data disclosure for the time being.
Hangzhou Hikvision Digital Technology Co.Ltd(002415) first quarter financial report shows that Hangzhou Hikvision Digital Technology Co.Ltd(002415) achieved an operating revenue of 16.521 billion yuan in the first quarter of 2022, with a year-on-year increase of 18.11%; The net profit attributable to the parent company was 2.284 billion yuan, a year-on-year increase of 5.29%.
performance was lower than expected Contemporary Amperex Technology Co.Limited(300750) once fell more than expected 13% institutions are still optimistic about the performance of the second quarter
On May 5, Contemporary Amperex Technology Co.Limited(300750) opened sharply lower, and then the stock continued to weaken, falling more than 13% during the session, and then stabilized with shock and narrowed the decline. In this regard, the latest research report of Huachuang Securities pointed out that the core reason why the performance was lower than expected was that the upstream raw materials increased significantly in the first quarter, and the company's adoption of the average cost method was more significantly affected; There is a lag in the price rise of downstream customers. Most of the new prices of Chinese auto enterprises are implemented at the end of the first quarter. Overseas auto enterprises adopt the metal price linkage mechanism (except Tesla). The cost cannot be transmitted smoothly or is a key factor for the lower than expected performance in the first quarter. They are optimistic about the stabilization of raw material prices in the second quarter and the gradual recovery of profitability after the favorable price of customers.
Founder Securities Co.Ltd(601901) pointed out that the company's performance in the second quarter was determined. Futures hedging and lithium carbonate inventory do not have a great impact on the company's performance. The market generally believes that as long as the upstream and downstream enterprises have lithium inventory, there will be a certain excess return. As the company is a battery manufacturer, it will not directly use lithium carbonate. The company will not reserve a large amount of cathode materials. Generally, the reserve is enough for one quarter. Even if there is a part of low-cost inventory, it will be digested and used up soon.
pharmaceutical business sector continued to strengthen China Meheco Group Co.Ltd(600056) , Yifeng Pharmacy Chain Co.Ltd(603939) and other stocks rose by the limit
On May 5, May 5, the medicine business sector continued to strengthen on the 5th of May 5, as the medicine business sector continued to strengthen on the 5th of May 5. On the 5th of May 5, the medicine business sector continued to strengthen, and the trading limits of Tsingtao Brewery Company Limited(600600) 60056 the.
According to the data of China Academy of communications and communications, due to the demand support brought by the epidemic prevention and control, the added value of China Meheco Group Co.Ltd(600056) manufacturing industry maintained a double-digit rapid growth in the first quarter of 2022 on the basis of last year's high base, and the growth rate was 5.3 percentage points higher than that of the industry as a whole. Driven by the benefits of covid-19 testing, therapeutic drugs and other enterprises, the growth rate of total profits of pharmaceutical manufacturing industry in March increased by 12% from negative to positive, driving the decline in the first quarter narrowed by 8.7 percentage points compared with the previous two months. Affected by the strong demand for foreign epidemic prevention materials, the export delivery value of pharmaceutical manufacturing industry maintained a rapid growth trend in the first quarter, with a year-on-year increase of 14.5%.
In terms of individual stocks, the 2021 annual report released by Qingdao Baheal Medical Inc(301015) shows that the annual operating revenue is 7.052 billion yuan, with a year-on-year increase of 19.94%; The net profit attributable to the shareholders of the listed company was 423 million yuan, a year-on-year increase of 55.04%; It is proposed to distribute a cash dividend of 6.67 yuan (including tax) for every 10 shares to all shareholders, accounting for about 38% of the company's distributable profits.
Qingdao Baheal Medical Inc(301015) the first quarterly report data of 2022 disclosed on the same day showed that the operating revenue in the first quarter was 1.860 billion yuan, a year-on-year increase of 14.43%; The net profit attributable to shareholders of listed companies was 88 million yuan, a year-on-year increase of 2.79%.
China Meheco Group Co.Ltd(600056) 2022 first quarter report shows that the company's main revenue is 8.52 billion yuan, a year-on-year decrease of 0.61%; The net profit attributable to the parent company was 246 million yuan, a year-on-year increase of 15.51%.
Anxin Securities pointed out that the valuation of the pharmaceutical industry has been at a historically low level. Since covid-19 epidemic, regional pharmaceutical commercial companies have had difficulties in operation. Leading companies are expected to continue to expand their territory through mergers and acquisitions, realize counter cyclical growth, and improve industry concentration is the general trend.
agricultural sector rose strongly seed stocks performed well Zhongnongfa Seed Industry Group Co.Ltd(600313) and other trading limits
On the 5th day of the day of the 5th day of the day, the agricultural sector in the five day session of the agricultural sector was a strong rally, and the seed stocks were a bright. As of the press release, the Zhongnongfa Seed Industry Group Co.Ltd(600313) 1 and other outstanding performance. On the news, on April 29, Tang Renjian, director of the central agricultural office and secretary and Minister of the Party group of the Ministry of agriculture and rural areas, presided over the Party group meeting.
The meeting stressed the need to accelerate the construction of high-standard farmland, promote the gradual increase of investment standards, fully improve technical standards such as land productivity improvement, pay close attention to the study and formulation of overall plans for new construction, transformation and upgrading, and coordinate and strengthen the supporting facilities of water source projects and water conservancy facilities in drylands. Combined with the third national soil survey, systematically study the improvement of cultivated land quality, come up with measures and supporting policies for the improvement of cultivated land productivity in different regions and different land types as soon as possible, adhere to the "combination of long, medium and short, matching large, medium and small", comprehensively consider the regionality and suitability of different technical models, and take multiple measures such as agronomy, ecology and engineering to continuously improve the fertility level of cultivated land. Strive to improve the mechanized operation level of sloping farmland, accelerate the research and development of agricultural machines and tools suitable for sloping farmland operation, and systematically plan the construction of sloping farmland according to local conditions on the premise of giving priority to ecology and protecting the environment. Strive to make up for the shortcomings of Shenzhen Agricultural Products Group Co.Ltd(000061) postpartum treatment facilities, strengthen the promotion of grain drying facilities, guide all localities to make rational use of rural activity centers, cultural squares and other venues, solve the problem of drying in multiple channels, strengthen the effective connection between storage and preservation cold chain logistics facilities in origin, cold chain centralized distribution center and backbone cold chain logistics base, and form an up-down, intensive and efficient Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics facility network system.
In addition, on April 24, the national video conference on protecting intellectual property rights of the seed industry and combating counterfeiting, shoddy and trademark infringement was held in Beijing. The conference stressed the need to implement the relevant requirements of the central seed industry revitalization action, strengthen intellectual property protection, severely crack down on illegal and criminal acts of counterfeiting, shoddy and trademark infringement in the seed industry, and purify the market environment of the seed industry.
The meeting pointed out that the intellectual property protection of the seed industry is related to the self-reliance of the seed industry in science and technology, the success or failure of the revitalization of the seed industry and the foundation of national food security. Strengthening the intellectual property protection of seed industry is the greatest protection for the vital interests of breeding innovators, the greatest support for enterprises to enhance their core competitiveness and the greatest incentive for the original innovation vitality of seed industry.
Huaxi Securities Co.Ltd(002926) said that the meeting further emphasized the intellectual property protection of the seed industry and improved the specific measures for seed industry protection, which was conducive to purifying the seed industry environment, stimulating the R & D and innovation vitality of enterprises, raising the entry threshold, creating a good development environment for seed enterprises, and leading enterprises ushered in a window period. In terms of target selection, we mainly recommend Beijing Dabeinong Technology Group Co.Ltd(002385) , Yuan Longping High-Tech Agriculture Co.Ltd(000998) and Shandong Denghai Seeds Co.Ltd(002041) with obvious first mover advantage and Shandong Denghai Seeds Co.Ltd(002041) .
Growth rate of the company's share price in the first quarter
On the 5th day of the 5th day of the 5th day of the home appliance sector sector, five days on the 5th day of the 5th day in the five day session of the home appliance sector sector, the power to get higher. As of the press release, the 0 Shenzhen Zhenye(Group)Co.Ltd(000006) 5651 the. In terms of news, the first quarter report of 2022 disclosed on Gree Electric Appliances Inc.Of Zhuhai(000651) april 29 shows that the company achieved an operating revenue of 35.26 billion yuan in the first quarter, an increase of 6.24% year-on-year; The net profit attributable to shareholders of listed companies was 4.003 billion yuan, a year-on-year increase of 16.28%.
According to the 2021 annual report disclosed by the company on the same day, the company achieved a total operating revenue of 189654 billion yuan last year, a year-on-year increase of 11.24%; The net profit attributable to shareholders of listed companies was 23.064 billion yuan, a year-on-year increase of 4.01%; The basic earnings per share is 4.04 yuan. The company plans to distribute a cash dividend of 20 yuan (including tax) for every 10 shares to all shareholders, with a total cash dividend of 11.828 billion yuan (including tax).
Southwest Securities Co.Ltd(600369) said that the profitability of the company remained relatively stable against the background of the continuous sharp rise in the price of raw materials in the first quarter. In the first quarter of 2022, the company's gross profit margin was 24.3%, a year-on-year decrease of 0.9pp, and the decline in gross profit margin narrowed. In terms of expenses, the company's sales expense rate, management expense rate, R & D expense rate and financial expense rate are 5.5%, 3.5%, 3.7% and - 1.6% respectively. Overall, the company's net interest rate was 10.2%, a year-on-year decrease of 0.2pp On the whole, the decline of the company's gross and net profit margin narrowed, showing a certain improvement trend. In the future, with the stabilization of raw material prices and considering the company's strong industrial chain position, it is expected that the profitability of the company will accelerate the repair.
For the household appliance sector, Western Securities Co.Ltd(002673) pointed out that under the background of steady growth, the successive relaxation of real estate restriction policies in various regions is expected to lead to the gradual improvement of real estate sales, and the white kitchen electricity sector with high real estate relevance will benefit. Although the substantial boost to sales will be realized in 2023, the current valuation level of white kitchen electricity faucet is low, and the improvement of real estate sales is expected to drive the repair of white kitchen electricity valuation.
The agency said that looking forward to the second half of 2022, at the fundamental level, it is expected that the demand side of household appliances will be generally stable, and the high boom sectors such as integrated stoves, clean appliances and projection will continue to attract eye-catching performance; At the profit level, despite a new round of rise in raw materials at the beginning of the year, the pattern of household appliances is good. The leader passes on the cost pressure through product upgrading and average price increase, and the sector has no worries about profits; At the valuation level, after substantial adjustment in the early stage, the overall valuation of the sector is only 13-14 times, and the PE of Longtou Midea and boss in 22 years is only 12-13 times, which is at the level of 20-30% of the historical valuation center. At present, the investment value of the sector is prominent, and the recent relaxation of real estate policies is expected to drive the rebound of the valuation of the sector. It is recommended to recommend white kitchen faucets with high relevance to the real estate: Midea Group Co.Ltd(000333) , Hangzhou Robam Appliances Co.Ltd(002508) , Haier Smart Home Co.Ltd(600690) , At the same time, the prosperity of sub industries such as cleaning appliances is relatively certain, and the stock price correction brings good opportunities for layout. Key recommendations: Beijing Roborock Technology Co.Ltd(688169) , Ecovacs Robotics Co.Ltd(603486) .
multi place real estate rescue policy issued sector valuation repair or concern
In May, local real estate rescue policies were accelerated. During the May Day holiday, Meizhou, Jiangsu Lianyungang Port Co.Ltd(601008) , Wuxi, Yueyang, Xuzhou and Ganzhou issued or implemented new policies to stabilize real estate, including reducing the proportion of down payment for house purchase, changing the exemption period of value-added tax for second-hand houses from "5 to 2", reducing the interest rate of house loans, relaxing restrictions on sales, deed tax concessions, house purchase subsidies, raising the maximum amount of provident fund loans, reducing land auction deposit, land transfer fee installments and many other measures.
In terms of A-share investment, Galaxy Securities pointed out that the real estate industry, as an important part of "stable growth", the strength of follow-up policy support is likely to increase but not decrease. At present, the statements from both the central and local levels are more positive than those in the early stage. In May, June and July, local policies entered the intensive adjustment period, and the policy strength and space of "stable growth" are worth looking forward to. Under the main line of "stable growth", the market interpretation path is gradually clear, and there is still room for central state-owned enterprises to rise. Under the expectation of stabilizing sales and increasing the scale of mergers and acquisitions, high-quality private enterprise housing and property management companies have opportunities. It is suggested to pay attention to the leading stocks in the high-quality housing development industry: China Vanke Co.Ltd(000002) , Poly Real estate, Gemdale Corporation(600383) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Seazen Holdings Co.Ltd(601155) , Jinke Property Group Co.Ltd(000656) . It is suggested to pay attention to high-quality property management companies: China Merchants Property Operation & Service Co.Ltd(001914) , Xuhui Yongsheng service, New Dazheng Property Group Co.Ltd(002968) .
Ping An's short-term valuation policy is expected to drive the sustained development of Ping An Securities; In the medium and long term, with the withdrawal or contraction of some real estate enterprises in the pain period of this round, the industry pattern is expected to be optimized, and the market share and profitability of brand real estate enterprises with financing and control advantages are expected to be improved. The development sector is mainly concerned about: one is the strong operating and high credit enterprises with relaxed short-term benefit policies and improved gross profit margin at the land acquisition end, which are expected to seize market share in the medium and long term, such as Poly Developments And Holdings Group Co.Ltd(600048) , China Vanke Co.Ltd(000002) , Gemdale Corporation(600383) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Hangzhou Binjiang Real Estate Group Co.Ltd(002244) , etc; One is the subject matter of policy game elasticity with certain support for Fundamentals, such as Seazen Holdings Co.Ltd(601155) , Jinke Property Group Co.Ltd(000656) , Jiangsu Zhongnan Construction Group Co.Ltd(000961) , etc. The valuation of the property management sector is at a historically low level. With the continuous deregulation of policies and the improvement of the capital side of development enterprises, it is expected to bring about the continuous repair of the valuation of high-quality property enterprises, such as country garden service, poly property, China Merchants Property Operation & Service Co.Ltd(001914) , Jinke service, xinchengyue service, Xingsheng business, etc.
