Follow up comments
On January 24, 2022, the Shanghai Composite Index closed at 3524.11 points, up 0.04%; The Shenzhen Component Index closed at 14081.80 points, up 0.37%. The Chongqing composite index, which we focus on, closed at 3664.74 points, up 0.36%; Sichuan composite index closed at 9252.75 points, up 0.31%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Casin Real Estate Development Group Co.Ltd(000838) (000838, 10.04%), Gifore Agricultural Science & Technology Service Co.Ltd(300022) (300022, 8.87%), Tianqi Lithium Corporation(002466) (002466, 7.38%). The 42 companies we focused on rose by an average of 0.16%, of which the top three stocks were: Sichuan New Energy Power Company Limited(000155) (000155, 6.06%), Sichuan Injet Electric Co.Ltd(300820) (300820, 5.362%), Sichuan Yahua Industrial Group Co.Ltd(002497) (002497, 4.87%). By industry, the top three sectors in Sichuan and Chongqing are: real estate (+ 2.57%), non-ferrous metals (+ 2.40%) and automobile (+ 0.72%).
Chongqing municipal government issued the work report, reviewed the work in 2021 and made the work plan for 2022. Among them, in terms of new energy vehicles, the report proposes to seize the development opportunity of intelligent new energy vehicles, accelerate the construction and production of high-end new energy vehicle projects such as Chang’an, Jinkang, Geely and ideal, promote the construction of Chongqing Changan Automobile Company Limited(000625) Software Park, national hydrogen power quality supervision and inspection center and other platforms, and enhance the supporting capacity of key core components such as power batteries and automotive electronics, Improve charging and replacement facilities, pilot the construction of vehicle road coordination system, accelerate the construction of national vehicle networking pilot area, and build a new ecology of intelligent new energy vehicle industry. Under the goal of “double carbon”, the Shanxi Guoxin Energy Corporation Limited(600617) automobile industry has entered a period of rapid development. Sichuan and Chongqing is one of the six major automobile industry bases in China, with an industrial scale of more than 600 billion yuan. Grasping the development and transformation direction of the automobile industry and actively promoting the implementation of the new energy automobile industry chain will help transform the consumption demand of new energy vehicles in Southwest China and achieve the goal of trillion level automobile industry cluster, The performance of relevant enterprises in the regional new energy vehicle industry chain will maintain a good growth rate during the 14th Five Year Plan period.
Industry dynamics
The Chongqing municipal government issued a government work report, proposing that the expected goal of economic and social development in 2022 is: the growth of regional GDP is about 5.5%; The added value of industries above designated size increased by about 6%, the investment in fixed assets increased by about 6%, the total retail sales of social consumer goods increased by about 7%, and the total import and export value increased by about 5%. (China News Network)
Company dynamics
Landai Technology Group Corp.Ltd(002765) (002765): release the performance forecast for 2021. In 2021, the company is expected to realize a net profit of 200-230 million yuan attributable to shareholders of listed companies, with a year-on-year increase of 2490.81% – 2879.43%.
Jinke Property Group Co.Ltd(000656) (000656): the announcement on the reduction of some shares of the company by shareholders was issued. The shareholder Huang Sishi reduced 77.9362 million shares of the company through centralized bidding in the secondary market from January 19 to 21, 2021, accounting for 1.46% of the total share capital.
Risk tips: economic recovery is lower than expected, covid-19 outbreak risk, raw material price fluctuation risk.
