Sichuan composite index rose 2.61% and Chongqing composite index rose 5.30% this week.
As of May 13, 2022, the PE of Sichuan sector is 28.29 times, and the overall valuation level has decreased; The PE of Chongqing sector is 19.48 times, and the overall valuation level has increased. By industry, the top three sectors in Sichuan and Chongqing this week were real estate (+ 9.70%), household appliances (+ 8.70%) and architectural decoration (+ 8.21%). From the perspective of listed companies, the top three gainers are Casin Real Estate Development Group Co.Ltd(000838) (+ 33.23%), Chengdu Olymvax Biopharmaceuticals Inc(688319) (+ 31.96%) and Changhong energy (+ 22.56%); The top three declines were Taihai Manoir Nuclear Equipment Co.Ltd(002366) (- 22.91%), Winsan(Chengdu) Medical Science And Technology Company Limited(600767) (- 17.09%) and Dr.Peng Telecom&Media Group Co.Ltd(600804) (- 14.11%). The 42 listed companies we focus on in Sichuan and Chongqing rose by an average of 4.12%. The top three were: Sichuan Jinlu Group Co.Ltd(000510) (+ 14.42%), Mianyang Fulin Precision Co.Ltd(300432) (+ 10.62%), Eoptolink Technology Inc.Ltd(300502) (+ 10.26%); The top three declines were: Chongqing Fuling Zhacai Group Co.Ltd(002507) (- 2.71%), Qianhe Condiment And Food Co.Ltd(603027) (- 1.41%), Jinke Property Group Co.Ltd(000656) (- 0.24%).
The high-end manufacturing industry in the Shuangcheng economic circle will maintain rapid development.
Chengdu has officially issued the “high quality development plan of manufacturing industry in the 14th five year plan” of Chengdu, which proposes that by 2025, the industrial scale of the city will account for more than 26% of GDP, and the scale of pillar industrial clusters will exceed 4 trillion. Among them, we will build 2 trillion level industrial clusters of electronic information and equipment manufacturing, and more than 10 100 billion level industrial clusters of integrated circuits, intelligent terminals, high-end software, automobile manufacturing, rail transit, aerospace, biomedicine, green food, new materials, energy and environmental protection equipment. The development of high-end industry is the general trend. By promoting the transformation and upgrading of existing industrial clusters, Chengdu and Chongqing can form strong competitiveness in the global market and help the regional manufacturing industry maintain rapid development. At present, Chengdu Chongqing region has formed a large scale and has a good foundation in the fields of automobile, national defense, military industry, medicine and biology. By promoting the high-end, digital and green development of relevant industries, it will help to promote the rapid development of high-end manufacturing industry in the Shuangcheng economic circle.
The new energy vehicle industry in Sichuan and Chongqing will achieve rapid development.
Chongqing Municipal Commission of economy and information technology has formulated and issued the pilot work plan for the application of power exchange mode of new energy vehicles in Chongqing, which puts forward to focus on promoting the integration of power exchange network in Chengdu and Chongqing, opening up the “Chengdu Chongqing power corridor”, supporting power exchange operation enterprises and gas filling station operation enterprises to jointly establish comprehensive energy stations, promoting the connection of power exchange facilities in key areas such as expressway service areas to the power grid, and giving corresponding construction subsidies. By 2023, it is planned to build more than 200 power exchange stations in the city and promote the operation of more than 10000 new energy vehicles for power exchange. New energy vehicles will become the main transformation direction of the automotive industry in the future. With the continuous development of the new energy vehicle industry in Sichuan and Chongqing, enterprises related to the new energy vehicle industry chain such as lithium ore, anode and cathode materials, electrolyte, diaphragm, power battery, complete vehicle and charging pile will also maintain rapid growth in the future. It is suggested to pay attention to the top new energy vehicle industry chain enterprises in Sichuan and Chongqing.
Risk tip: macroeconomic growth is lower than expected, covid-19 epidemic continues to be at risk, and consumption recovery is lower than expected.
