[information summary]
central bank Liu Guoqiang: open the monetary policy toolbox wider and walk in front of the market curve
Liu Guoqiang, vice governor of the central bank, said at the press conference of the State Council Information Office on January 18 that before the downward pressure on the economy is fundamentally relieved, we should serve stability, not introduce policies that are not conducive to stability, and introduce more policies that are conducive to stability, so as to promote stability with progress. In short, the current key goal is stability, and the policy requirement is force. First, we should make sufficient efforts to expand the monetary policy toolbox, maintain the stability of the total amount and avoid credit collapse; Second, the financial sector should not only welcome customers, but also take the initiative to find good projects, make effective addition and optimize the economic structure according to the requirements of the new development concept; The third is to move forward, operate forward, walk in front of the market curve, and respond to the general concerns of the market in a timely manner. We can’t delay. If we delay for a long time, the concerns of the market will fail, and if we fail, we won’t care. If we don’t care, we will “mourn more than die”, and the later things will be difficult to do.
central bank Liu Guoqiang: there is less room for further adjustment of the deposit reserve ratio, but there is still some room
Liu Guoqiang, vice governor of the central bank, said at the press conference of the state information office on January 18 that in 2021, the people’s Bank of China comprehensively reduced the reserve requirement by 0.5 percentage points in July and December respectively, releasing 2.2 trillion yuan of long-term funds. After the RRR reduction, the current average deposit reserve ratio of financial institutions is 8.4%, which is not high. Compared with other developing economies or the deposit reserve ratio in China’s history, it should be said that the level of deposit reserve ratio is not high, and the space for further adjustment becomes smaller. However, from another point of view, the space has become smaller, but there is still a certain space, which can be used according to the economic and financial operation and the needs of macro-control.
central bank Liu Guoqiang: the macro leverage ratio has decreased for five consecutive quarters, creating space for future monetary policy
Liu Guoqiang, vice governor of the central bank, said at the press conference of the state information office on January 18 that China’s macro leverage ratio in 2021 was 272.5%, 7.7 percentage points lower than that at the end of 2020, and the leverage ratio decreased for five consecutive quarters. At present, the macro leverage ratio continues to decline, creating space for the future financial system to increase support for small and micro enterprises, scientific and technological innovation and green development. The macro leverage ratio decreased in the five quarters, creating space for future monetary policy. The lower the leverage, the greater the space. Liu Guoqiang said that the macro leverage ratio is expected to remain basically stable in 2022.
central bank: Recently, real estate sales, land purchase and financing have gradually returned to normal
Zou LAN, director of the financial market department of the people’s Bank of China, said that with the joint efforts of all parties, recent real estate sales, land purchase and financing have gradually returned to normal, and market expectations have improved steadily. From the data, the national real estate loan balance at the end of 2021 was 52.2 trillion yuan, a year-on-year increase of 7.9%, an increase of 0.3 percentage points over the end of September. Among them, real estate loans increased by 773.4 billion yuan in the fourth quarter, an increase of 20.2 billion yuan year-on-year and 157.8 billion yuan more than in the third quarter of last year.
the State Council printed and distributed the development plan of modern comprehensive transportation system in the 14th five year plan
The State Council printed and distributed the development plan of modern comprehensive transportation system in the 14th five year plan. The plan defines the main tasks in nine aspects. First, build a high-quality comprehensive three-dimensional transportation network and draw a “traffic meticulous painting” of beautiful China. The second is to enhance the ability of transportation to support major strategies, and promote the coordinated development of urban and rural areas through differentiation. Third, strengthen connectivity and integration, and promote the transportation modernization of urban agglomerations and metropolitan areas. Fourth, expand the supply of high-quality transportation services and promote the diversified and quality development of transportation services. Fifth, adhere to innovation driven development and accelerate the in-depth promotion and application of intelligent technology. Sixth, implement the requirements of carbon peak and carbon neutralization, and comprehensively promote the green and low-carbon transformation. Seventh, consolidate the foundation of safety development and improve the ability of safety emergency support. Eighth, better serve and integrate into the new development pattern, and promote high-level opening-up and cooperation. Ninth, focus on the deep-seated contradictions restricting high-quality development and strengthen the construction of modern governance capacity.
Ministry of industry and information technology: it will continue to strengthen the top-level design of photovoltaic industry and continue to promote the upgrading of industrial intelligence
China Photovoltaic Industry Association organized a symposium on the development situation of photovoltaic industry in the fourth quarter of 2021 on the afternoon of 18th. Jin Lei, director of the electronic information department of the Ministry of industry and information technology, said that in the next step, in order to deeply implement the “carbon peak and carbon neutralization”, implement the important deployment of building a manufacturing power and promoting the energy revolution, the electronic information department of the Ministry of industry and information technology will focus on the following work together with relevant departments: first, continue to strengthen the top-level design of the industry, second, continue to strengthen the standardized management of the industry, and third, continue to promote the upgrading of industrial intelligence, Fourth, continuously optimize the industrial development environment, and fifth, continuously deepen international industrial cooperation.
BEIXIANG net purchase of China Merchants Bank Co.Ltd(600036) 613 million yuan
Northbound funds bought a net 2.335 billion yuan today. China Merchants Bank Co.Ltd(600036) , Kweichow Moutai Co.Ltd(600519) , Inspur Electronic Information Industry Co.Ltd(000977) received net purchases of 613 million yuan, 611 million yuan and 357 million yuan respectively. The net sales of China Tourism Group Duty Free Corporation Limited(601888) ranked first, with an amount of 365 million yuan.
Jiangxi Zhengbang Technology Co.Ltd(002157) : the online “breeding loan” is inconsistent with the facts, and the right of accountability is reserved
Recently, rumors about Jiangxi Zhengbang Technology Co.Ltd(002157) (002157) applying for breeding loans in the name of employees appeared on the Internet. On January 18, Jiangxi Zhengbang Technology Co.Ltd(002157) responded that the online content was inconsistent with the facts. In order to fully mobilize the enthusiasm and sense of responsibility of farmers, make better use of the company’s high-quality production capacity and give full play to the company’s large-scale and systematic advantages and improved breeding advantages, the company upgraded and iterated the pig breeding mode to the “company + fattening farm + settlement” mode, that is, the company will provide its own fattening farm to farmers, and the company will charge relevant fees and provide pig seedlings, feed and veterinary medicine. The company advances wages to farmers every month. After batches of pigs are released, they will be settled uniformly according to the assessment and incentive scheme. Compared with the traditional mode of “company + farmer”, the mode of “company + fattening farm + settlement” is more conducive to the company’s resource allocation, control and centralized management, as well as the company’s production and operation management, cost improvement and breeding efficiency. When farmers use the company’s fattening farm, in order to protect the company’s assets, they are charged a deposit according to the scale of the fence. The deposit mainly comes from the loans they apply for with financial institutions, and the company shall bear relevant expenses. The deposit will be returned according to the contract after the expiration of the cooperation between farmers and the company. Jiangxi Zhengbang Technology Co.Ltd(002157) said that for the false information about the company on the Internet, the company will reserve the right to investigate the legal responsibility of the fabricator and disseminator.
[new stock dynamics]
on January 19, two new shares were subscribed
Shipu test subscription code: 301228, the subscription limit is 7500 shares, and the issue price is 20.08 yuan.
Huakang medical subscription code: 301235, with an upper subscription limit of 6500 shares and an issue price of 39.30 yuan.
the CSRC approved the IPO registration of two companies on the science and innovation board
According to the CSRC on the 18th, the CSRC recently agreed to register the initial public offering of shares of Ningbo Junpu Intelligent Manufacturing Co., Ltd. and Guangzhou silinjie Technology Co., Ltd. on the science and innovation board according to legal procedures.
a total of 840000 have been issued by Jingke energy
Jingke energy (688223) disclosed the online winning results on January 18. There were 840000 winning numbers, and each winning number can only subscribe for 500 Jingke energy shares.
[institutional perspective]
Ping An Securities pointed out that since the beginning of 2022, the A-share market, especially the high valuation sector, has continued to adjust, mainly due to concerns about China’s steady growth and the valuation constraints on the global capital market caused by the soaring yield of 10Y US bonds. At present, the phased mitigation of these two contradictions will help to improve the risk appetite of the A-share market. On the one hand, the interest rate cut confirms that the steady growth policy is gradually implemented, and the monetary policy is further relaxed, giving relatively friendly liquidity support to the capital market; On the other hand, recently, the interest rate of 10Y US bonds fluctuated around 1.7% – 1.8%, and the panic during the period of rapid upward interest rate in early 2022 eased.
Huaan Securities Co.Ltd(600909) said that the higher than expected interest rate cut is expected to become the east wind of this round of restless market in spring, and grasp four investment main lines: first, the growth main line, the growth sector with high valuation flexibility will bear the brunt, benefit from loose liquidity, and the growth main line has higher cost performance after the early valuation correction, The third stage of growth style is expected to be fully interpreted under the restless market in spring.
[announcement selection]
Ccs Supply Chain Management Co.Ltd(600180) : the net profit in 2021 is expected to increase by 409.55% – 473.25% year-on-year
Ccs Supply Chain Management Co.Ltd(600180) (600180) disclosed the performance forecast on January 18. It is estimated that the net profit in 2021 will be RMB 800 million-900 million, with a year-on-year increase of 409.55% to 473.25%. During the reporting period, commodity prices were high. The company has one belt, one road along the market, and the scale of overseas sales has increased significantly on the basis of the steady expansion of its own supply chain management business. At the same time, we further promoted the mixed reform strategy, complemented the core market maker resources gathered by the Internet platform of the supply chain industry, and steadily increased the income of associated enterprises.
Hangzhou Hikvision Digital Technology Co.Ltd(002415) : the company and its holding subsidiaries plan to invest 5.27 billion yuan in several projects
Hangzhou Hikvision Digital Technology Co.Ltd(002415) (002415) announced on January 18 that the company plans to invest 1.286 billion yuan in the construction of Hangzhou Hikvision Digital Technology Co.Ltd(002415) global warehousing and logistics center project; The holding subsidiary Haikang Siasun Robot&Automation Co.Ltd(300024) plans to invest 1.534 billion yuan in the construction of Haikang Siasun Robot&Automation Co.Ltd(300024) intelligent manufacturing (Tonglu) base project and 1.166 billion yuan in the construction of Haikang Siasun Robot&Automation Co.Ltd(300024) product industrialization base project; Haikang micro film, a holding subsidiary, plans to invest 1.28 billion yuan in the construction of infrared thermal imaging machine product industrialization base.
Chongqing Changan Automobile Company Limited(000625) : the investor has been determined for the capital and share increase of Chang’an new energy
Chongqing Changan Automobile Company Limited(000625) (000625) announced on January 18 that Chang’an new energy, an associate of the company, introduced investors by increasing capital and shares through public listing. At present, the investor has been determined. Changan new energy plans to increase its registered capital by 126 million yuan. Chongqing Changan Automobile Company Limited(000625) plans to increase capital by 1.36 billion yuan (waiving the right to increase capital in the same proportion); Nanfang assets plans to increase its capital by 710 million yuan; Bocom Boyu No. 1 plans to increase capital by 1 billion yuan; Chengyuan fund plans to increase capital by 700 million yuan; Wuhu Xinshi Xinhong plans to increase capital by 500 million yuan; CICC Keyuan fund plans to increase capital by 200 million yuan; China Southern industry fund plans to increase capital by 180 million yuan; The employee stock ownership platform plans to increase capital by 117 million yuan; Southern industrial intelligent travel fund plans to increase capital by 110 million yuan; Deqing mixed reform No. 2 fund plans to increase capital by 100 million yuan. After the capital increase, the shareholding ratio of Chongqing Changan Automobile Company Limited(000625) was diluted from 48.95% to 40.66%.
Jiangsu Zhongli Group Co.Ltd(002309) : it is estimated that the loss in 2021 will be 3.2 billion yuan – 4 billion yuan
Jiangsu Zhongli Group Co.Ltd(002309) (002309) disclosed on January 18 that it is expected that the net loss in 2021 will be 3.2-4 billion yuan, and the loss in the same period of last year will be 2.92 billion yuan. Due to the thunderstorm of private network communication business, the accrued estimated liabilities are about 2.2 billion yuan; The loss of photovoltaic business in the reporting period was about 1.1 billion yuan. In addition, Zhongli Tenghui Hong Kong, a wholly-owned subsidiary, signed two supply contracts to sell photovoltaic modules to Brazoria West and Algonquin power respectively; Siyang new energy, a wholly-owned subsidiary, signed a supply contract and agreed to sell photovoltaic modules to cleansolar power, with a total transaction amount of about US $177 million.
Unigroup Guoxin Microelectronics Co.Ltd(002049) : the net profit in 2021 will increase by 136% – 160% year-on-year
Unigroup Guoxin Microelectronics Co.Ltd(002049) (002049) disclosed the performance forecast on January 18. It is estimated that the net profit in 2021 will be 1.9-2.1 billion yuan, with a year-on-year increase of 136% – 160%. The downstream demand of the company’s integrated circuit business is strong. The company makes every effort to ensure order delivery. The special integrated circuit business has achieved rapid growth, contributed to continuous and stable profits, and the profitability of intelligent security chip business has been continuously improved.
Muyuan Foods Co.Ltd(002714) : the net profit in 2021 is expected to decrease by 70.86% – 76.32% year-on-year
Muyuan Foods Co.Ltd(002714) (002714) disclosed the performance forecast on January 18. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be 6.5-8 billion yuan, a year-on-year decrease of 70.86% – 76.32%. During the reporting period, the number of pigs sold by the company increased significantly compared with the same period of last year. However, due to the gradual recovery of pig production capacity in China, the price of pigs in 2021 decreased significantly compared with the same period of last year.
Zoneco Group Co.Ltd(002069) : the rumors about the company’s revenue growth caused by Tonga volcanic eruption are seriously untrue
Zoneco Group Co.Ltd(002069) (002069) on January 18, it was announced that the media reported that “Tonga volcanic eruption and tsunami led to the influx of The Pacific Securities Co.Ltd(601099) scallops into Zoneco Group Co.Ltd(002069) , and the revenue will increase by 100% +” and related rumors. The above reports and rumors were seriously untrue, and the company’s management did not accept any interview and reply to the above questions, The company reserves the right to protect its own rights and interests through legal channels.
Saturday Co.Ltd(002291) : in 2021, it is planned to transfer Saturday Co.Ltd(002291) shoes with an advance loss of 430 million to 645 million yuan
Saturday Co.Ltd(002291) (002291) announced on January 18 that in 2021, there was an advance loss of 430 million yuan to 645 million yuan, and a profit of 24.2978 million yuan in the same period of last year. The company expects to withdraw bad debt reserves and inventory falling price reserves of RMB 280 million to RMB 350 million throughout the year; The revenue scale and net profit level of fashion Fengxun and Beijing Shixin, two fashion new media companies controlled by the company, have decreased significantly. Therefore, the company plans to withdraw goodwill impairment of 180 million yuan to 270 million yuan. In order to realize the transformation to the “light” asset operation mode of brand management and supply chain management, the company plans to integrate the company’s footwear sales business and assets through Foshan Saturday Co.Ltd(002291) Footwear Co., Ltd., except for footwear business trademarks. After the integration is completed, the company plans to transfer 100% of the shares of Saturday Co.Ltd(002291) footwear.
Jiangxi Zhengbang Technology Co.Ltd(002157) : the online content is untrue, and the company does not have the risk of capital chain rupture
Jiangxi Zhengbang Technology Co.Ltd(002157) (002157) announced on January 18 that some media released relevant reports such as “online transmission Jiangxi Zhengbang Technology Co.Ltd(002157) handling breeding loans in the name of employees”.
After verification, the online content is inconsistent with the facts. In the business model of “company + farm + settlement”, the farmers’ overall working capital mainly comes from the loans they apply for with financial institutions. Compared with the traditional model of “company + farmers”, this model can be more conducive to the company’s resource allocation, control and centralized management, as well as the company’s production and operation management, cost improvement and breeding efficiency. In addition, the company’s breeding business segment adopts the cash sales method, the sales outside the feed business segment is stable, the company’s overall cash flow is stable, and there is no risk of capital chain rupture.
Shanghai Kehua Bio-Engineering Co.Ltd(002022) : the possibility that the company has lost control of Tianlong company cannot be ruled out temporarily
Shanghai Kehua Bio-Engineering Co.Ltd(002022) (002022) replied to the attention letter of Shenzhen Stock Exchange on the evening of 18th, saying that it can not rule out the possibility that the company has lost control of Xi’an Tianlong Technology Co., Ltd. and Suzhou Tianlong Biotechnology Co., Ltd. (collectively referred to as “Tianlong company”). At present, the company legally holds 62% of the equity of Tianlong company, is still the legal controlling shareholder of Tianlong company, occupies a majority in its board of directors, and has the right to approve and make decisions on major matters. On the other hand, the minority shareholders of Tianlong company have made it clear that Tianlong company is unable to cooperate with Shanghai Kehua Bio-Engineering Co.Ltd(002022) pre-trial accounting statements and subsequent audit work, indicating that the company has difficulties in actively leading the operation and financial activities of Tianlong company. If the control over Tianlong company is lost, it will have a significant impact on the performance of the company’s consolidated financial statements.
Zhejiang Busen Garments Co.Ltd(002569) : the actual controller was put on file for investigation on suspicion of job occupation
Zhejiang Busen Garments Co.Ltd(002569) (002569) announced on January 18 that the company recently received a notice from the actual controller that Wang Chunjiang, the actual controller of the company, was filed for investigation by Haikou Public Security Bureau on suspicion of embezzlement by Hainan Yilian Pratt Whitney Internet microfinance Co., Ltd. At present, the company’s business activities are normal, and the investigation has not had a significant impact on the production and operation and corporate governance of the listed company.
Zhejiang Yilida Ventilator Co.Ltd(002686) : shareholder Zhang Qizhong will reduce 7.345% of the shares in total
Zhejiang Yilida Ventilator Co.Ltd(002686) (002686) announced on January 18 that the company’s shareholder Zhang Qizhong sold 2% of the company’s shares through block trading on January 17. In addition, Zhang Qizhong plans to transfer 30.26 million shares of the company (about 5.345% of the total share capital) to Muxin Xingjin No. 3 at the price of 5.97 yuan per share, with a total transfer amount of 181 million yuan. After the above equity changes, Zhang Qizhong held 5.66 million shares of the company, accounting for about 1% of the total share capital of the company, and Muxin Xingjin No. 3 held 30.26 million shares of the company, accounting for about 5.345% of the total share capital of the company.
Yunnan Energy Investment Co.Ltd(002053) : the subsidiary plans to invest and build two wind farm projects with a total of 7.085 billion yuan
Yunnan Energy Investment Co.Ltd(002053) (002053) announced on January 18 that Honghe Yunneng investment new energy development Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction of Yongning wind farm project with an installed capacity of 750mW and a total dynamic investment of RMB 4.73 billion (including working capital of RMB 22.5 million); Huizeyun energy investment new energy development Co., Ltd., a wholly-owned subsidiary, plans to invest in Jinzhong wind farm phase I project, with a total installed capacity of 350MW and a total dynamic investment of RMB 2.355 billion (including working capital of RMB 10.5 million).
