Today (January 25), A-Shares opened low and went low. The Shanghai index fell 3500 points and the gem index fell below 3000 points. On the disk, in terms of industries, gold, airport shipping and other industries rose against the trend, while cultural media, black household appliances, coal, games, traditional Chinese medicine, automobile services and other industries fell ahead. The theme of the whole line stalled, and cloud games, digital currencies, virtual digital people, ice and snow industry fell sharply.
the concept of digital currency fell sharply Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) and many companies expected a significant loss in net profit last year
The concept of digital currency fell sharply on the 25th. As of press time, Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) “20cm” fell by the limit, Shenzhen Infogem Technologies Co.Ltd(300085) , Qitian Technology Group Co.Ltd(300061) fell by the top, Guangzhou Kingteller Technology Co.Ltd(002177) , Chutian Dragon Co.Ltd(003040) fell by the limit, Beijing Cuiwei Tower Co.Ltd(603123) , Synthesis Electronic Technology Co.Ltd(300479) , Northking Information Technology Co.Ltd(002987) , Xgd Inc(300130) , Eastcompeace Technology Co.Ltd(002017) performed miserably.
Basically, several stocks in the sector are expected to suffer a significant loss in net profit in 2021. For example, Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) it is estimated that the net profit loss attributable to the shareholders of the listed company in 2021 will be RMB 169133400 – 194567000, and the profit in the same period of last year will be RMB 127.168 million.
The company said that the substantial loss of Juli technology, a wholly-owned subsidiary of the company, in 2021 was mainly due to the impact of the cancellation of provincial toll stations by the state. The demand for etc and RSU products erupted in 2019. However, from the second half of 2020, this wave of dividend gradually subsided, the demand for products shrank, and the demand continued in 2021, resulting in a significant decline in operating revenue and net profit.
In addition, based on the net profit and future profit expectation of Juli technology in 2021, there are signs of impairment in the goodwill and capital increase of intangible assets formed by M & A. after preliminary evaluation and analysis by the finance department, the impairment of M & a goodwill is 109 million yuan and the impairment of intangible assets such as trademarks and patents is about 40 million yuan in the reporting period.
Qitian Technology Group Co.Ltd(300061) it is estimated that the net profit loss attributable to the shareholders of the listed company in 2021 will be 340-490 million yuan, compared with 758.2201 million yuan in the same period of last year.
The company said that during the reporting period, the operating revenue and net profit of the company’s bank card value-added marketing business decreased compared with 2020. The main reason is that the bank card value-added marketing business was affected by the adjustment of the cooperation mode of the main partners. The company upgraded and optimized the main cooperative customer system, site and personnel synchronously, and officially put into operation in early March; In addition, as regulators further strengthened the sales management of third-party cooperative institutions of banks, the company responded to industry changes, responded to regulatory requirements, and adjusted its products and marketing strategies. Develop innovative product lines and launch high-end life equity products, but the scale effect has not been realized in the short term, and certain costs and resources still need to be invested.
During the reporting period, the company’s air travel information service business showed a downward trend. The main reason is that the repeated local epidemic in China has delayed the recovery of aviation demand and the slow recovery of air travel distribution business. At the same time, the regulatory authorities issued relevant documents on credit investigation business and data security to further standardize the industry market, lengthen the customer procurement link and cycle, and have a certain impact on the company’s customer expansion and sales progress. The company complies with the policy, carries out business adjustment and innovation, expands customers in government affairs, insurance, Internet and other industries, and optimizes the customer structure, but it is difficult to achieve results in the short term.
the military industry unit has made efforts to release the performance forecast of many companies. The organization suggests paying attention to four main lines
In Tuesday’s session, the military industry sector led the rise. As of press time, visualisation technology rose by 20%, and Xinjiang Machinery Research Institute Co.Ltd(300159) , Guangdong Kingstrong Technology Co.Ltd(300629) , Jianglong Shipbuilding Co.Ltd(300589) , Wuxi Paike New Materials Technology Co.Ltd(605123) followed. In terms of news, recently, a number of Companies in the military industry released performance forecasts for 2021. The performance of the main targets of the upstream components sector continued to grow at a high rate, including Unigroup Guoxin Microelectronics Co.Ltd(002049) performance increased by 136% ~ 160%, China Zhenhua (Group) Science & Technology Co.Ltd(000733) performance increased by 123% ~ 156% and Fujian Torch Electron Technology Co.Ltd(603678) performance increased by 57.51% ~ 67.35% year-on-year. The listed airline companies represented by Avic Shenyang Aircraft Company Limited(600760) and Avic Electromechanical Systems Co.Ltd(002013) also issued performance forecasts. The net profit of Avic Shenyang Aircraft Company Limited(600760) was 1.696 billion yuan, a year-on-year increase of 14.56%; Avic Electromechanical Systems Co.Ltd(002013) the net profit was 1.259 billion yuan, a year-on-year increase of 17.18%.
In this regard, Zhongtai Securities Co.Ltd(600918) commented that the performance of the main targets of the upstream component sector continued to grow, and the high prosperity of the military industry was reconfirmed. The performance of Avic Shenyang Aircraft Company Limited(600760) , Avic Electromechanical Systems Co.Ltd(002013) was significantly lower than the market expectation, resulting in pressure on the military industry sector. However, the performance of some enterprises is less than expected, which is only a short-term disturbance. The great development of the aviation manufacturing industry in the 14th five year plan has a stable foundation. The high prosperity of the industry is also transmitted from top to bottom, and the performance can be fulfilled.
Guotai Junan Securities Co.Ltd(601211) the research report pointed out that in the 14th five year plan, the construction of the national defense army adheres to war led construction, strengthens innovation driven, strengthens strategic management, and consolidates and develops military government military civilian unity. Based on past experience, it is expected that the 14th five year plan will be implemented step by step. The profit statement and cash flow statement of the sector may continue to improve in 2022, and the military industry may have significant comparative advantages.
Northeast Securities Co.Ltd(000686) said that the main upstream component enterprises still maintain a high growth rate and are expected to continue to benefit from the high prosperity of the industry; Midstream manufacturing continues to benefit from the scale effect brought by the release of downstream demand; The profit growth rate of some downstream enterprises is lower than expected, which may be due to the rapid delivery progress in the first three quarters and the increase of R & D expenses in the fourth quarter. The industry’s production based on sales and the landing of large orders from downstream main engine manufacturers give the industry solid support during the 14th Five Year Plan period. The prosperity will be transmitted from top to bottom, and the performance is expected.
issued by the Ministry of housing and urban rural development! Promote the coordinated development of smart city infrastructure and intelligent networked vehicles (with shares)
According to the Ministry of housing and urban rural development on the 24th, the Ministry of housing and urban rural development issued the action plan for urban and rural construction to promote the development of the Yangtze River economic belt during the 14th five year plan. It is mentioned to promote the coordinated development of smart city infrastructure and intelligent networked vehicles. Support Shanghai, Wuxi, Wuhan, Changsha and other cities to promote the coordinated development and technological innovation of smart city infrastructure and intelligent connected vehicles, explore the construction of urban roads, buildings and public facilities integration perception system, aggregate various urban data such as intelligent connected vehicles, intelligent roads and urban buildings, and create a “car City Network” platform supporting multiple applications.
China International Capital Corporation Limited(601995) pointed out that intelligent and networked dual wheel drive ushered in major opportunities for the automotive industry. At present, a new round of changes in the global science and technology industry is booming. As an important carrier of scientific and technological innovation, intelligent networked vehicles are promoting profound changes in the form of automobile industry, transportation mode, energy consumption structure and social operation mode. As two parallel technical routes, Internet of vehicles and single vehicle intelligence will accelerate the deep coupling with the layout rhythm of intelligent Internet connected vehicles, and realize full automatic driving through collaborative perception, decision-making and control, so as to bring new development opportunities for the global automobile industry.
Ping An Securities believes that with the concentration of vehicle EE architecture, the value proportion of intelligent vehicle software will gradually increase, intelligent driving will gradually advance to a high level, and the application space of intelligent cockpit is broad. In the future, the incremental opportunities of automobile supply chain are mostly in key tracks such as high-precision sensors, master chips, domain controllers, software, comfortable personalized configuration and so on. With the expansion of smart car supply chain and the deep involvement of science and technology giants, the new industrial chain division and cooperation relationship of smart car will gradually take shape in the next few years. We are optimistic about the parts enterprises that are on the key track and have key barriers. Software defines automobile acceleration, automobile computing power tends to be centralized, and the demand for computing power increases. The demand for software and hardware services such as domain controller and intelligent vehicle operating system will increase rapidly. It is strongly recommended to pay attention to Thunder Software Technology Co.Ltd(300496) and Huizhou Desay Sv Automotive Co.Ltd(002920) .
China Telecom Corporation Limited(601728) 5g news commercial press conference will be held. The organization said that accelerating the landing is good for the industrial chain
It is reported that China Telecom Corporation Limited(601728) will hold a 5g news commercial press conference online at 15:30 on January 25. With its rich media and strong interaction, 5g message will bring users a new message experience.
According to the GSMA official website, 90 operators in 60 countries have realized the commercial use of 5g messages, with 473 million monthly live users. Upstream and downstream partners in the industrial chain will usher in development opportunities after the successful commercial use of 5g news.
Minsheng Securities pointed out that the trial commercial use of 5g news is of great significance. The accelerated landing of 5g news is good for the industrial chain. It is optimistic that leading enterprises will continue to benefit in depth. The accelerated landing of 5g news is expected to benefit platform services and applications in the long term. Because 5G messages are functionally similar to small programs and official account numbers, enterprises and individuals can interact fully. Tickets booking and enterprise promotion will gradually become popular. Commercial potential of finance, Internet, electricity supplier, commercial chain, public utilities and other fields can be expected. CSP and other flat services and application requirements are expected to continue to improve.
The Nationwide Trial commercial use of 5g news marks a key step in the commercialization of 5g news. In the future, it is expected to accelerate the development of the whole ecosystem, and the subdivided fields such as platform services and industrial applications are expected to benefit for a long time. It is recommended to focus on Montnets Cloud Technology Group Co.Ltd(002123) manufacturers with leading advantages in 5g messaging, and Beijing Jiaxun Feihong Electrical Co.Ltd(300213) , Fujian Star-Net Communication Co.Ltd(002396) , Hangzhou Cncr-It Co.Ltd(300250) .
the Ministry of housing and urban rural development plans to vigorously develop prefabricated buildings, and the construction of affordable housing will inject new impetus into prefabricated development
On January 25, the Ministry of housing and urban rural development issued the “14th five year plan” for the development of construction industry, which proposed to vigorously develop prefabricated buildings. Build a standardized design and production system for prefabricated buildings, promote the intelligent upgrading of production and construction, expand the use scale of standardized components and parts, and improve the comprehensive benefits of prefabricated buildings. Actively promote the application of assembly decoration in commercial housing projects, promote pipeline separation and integrated decoration technology, promote integrated modular building components, and promote the deep integration of assembly decoration and prefabricated buildings. Vigorously promote the application of prefabricated buildings, actively promote the construction of high-quality steel structure housing, and encourage schools, hospitals and other public buildings to give priority to the use of steel structure. Cultivate a number of prefabricated construction production bases.
Huaan Securities Co.Ltd(600909) believes that prefabricated buildings are in line with the double carbon development goal, and the policy drive is continuously strengthened. Prefabricated buildings are superior to traditional buildings in energy conservation, emission reduction, carbon reduction and other aspects, and in line with the development goal of “double carbon”. In recent years, the state and local governments have intensively issued a number of policies to promote the development of prefabricated buildings. With the active promotion of prefabricated construction projects in various regions, the scale of new prefabricated buildings in China is growing. According to the statistics of the Ministry of housing and urban rural development, in 2020, the total number of newly started prefabricated buildings in China was 630 million square meters, with a year-on-year increase of about 50%, accounting for about 20.5% of the new construction area. It is expected that prefabricated buildings will continue to grow rapidly during the 14th Five Year Plan period, and the proportion of prefabricated buildings in the new construction area is expected to reach more than 30% in 2025.
Guosheng Securities pointed out that prefabricated technology is widely used in affordable housing, and the acceleration of affordable housing construction this year will effectively drive the development of prefabricated construction industry. It is estimated that the new construction area of prefabricated affordable housing in 2022 will be 95 million square meters, accounting for 14% of the total new construction area and contributing 41% of the annual incremental market. In terms of market segmentation, the market scale of prefabricated PC, steel structure and prefabricated decoration brought by affordable housing in 2022 (calculated by area) is 24%, 14% and 61% of the market scale in 2020 respectively. Affordable housing may have the greatest pulling effect on the prefabricated decoration market, and will also drive the penetration of steel structure in housing. It is believed that affordable housing is expected to play a strong policy leading role in promoting the industrialization, informatization and green transformation of the whole construction industry chain: the construction link implements technologies such as prefabricated buildings and aluminum formwork to improve the industrialization and informatization level, the building materials choose green building materials, the construction type adopts low-energy buildings, and the operation and maintenance link pays more attention to power conservation and energy conservation.
Investment suggestions of the institution: 1) affordable housing construction is expected to become one of the important directions of steady growth, with emphasis on China State Construction Engineering Corporation Limited(601668) (the leader of national affordable housing construction), Shanghai Construction Group Co.Ltd(600170) (the leader of affordable housing construction in Shanghai), Shenzhen Capol International&Associatesco.Ltd(002949) (the leader of affordable housing design), China State Construction Engineering Corporation Limited(601668) International (MIC assembly technology is leading and has rich experience in residential projects). 2) Affordable housing is expected to accelerate the industrialization, informatization and green transformation of the construction industry, with emphasis on steel structure leaders Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Anhui Honglu Steel Construction(Group) Co.Ltd(002541) ; Aluminum formwork faucet Jiangxi Geto New Materials Corporation Limited(300986) and Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) ; Assembled decoration faucet Zhejiang Yasha Decoration Co.Ltd(002375) ; Pay attention to the integrated bathroom faucet Guangzhou Seagull Kitchen And Bath Products Co.Ltd(002084) .
institutions made repeated research at the beginning of the year, and the investment logic of bank stocks was strong
According to the data, from January 1 to January 24, 2022, a total of Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Bank Of Suzhou Co.Ltd(002966) , Bank Of Ningbo Co.Ltd(002142) , Wuxi Rural Commercial Bank Co.Ltd(600908) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Bank Of Hangzhou Co.Ltd(600926) 7 banks were surveyed by institutional investors, with a total of 29 times of being surveyed and 246 institutions participating in the survey.
In terms of the number of times investigated, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) attracted the most attention, and both ushered in 6 institutional investor surveys during the period; Both Bank Of Ningbo Co.Ltd(002142) and Bank Of Suzhou Co.Ltd(002966) have received 4 investigations; Bank Of Hangzhou Co.Ltd(600926) , Wuxi Rural Commercial Bank Co.Ltd(600908) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) all welcomed three surveys.
From the number of institutions participating in the survey, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and Wuxi Rural Commercial Bank Co.Ltd(600908) are the most “circle fans”, welcoming 80 and 57 institutions respectively. More than 20 institutions came to Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Bank Of Ningbo Co.Ltd(002142) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) for research.
The types of institutions participating in the research banks are also very rich, including public funds, securities companies, insurance companies, insurance asset management companies, bank financing companies, foreign-funded institutions, etc. On January 13, Morgan Stanley and capital group participated in the on-site investigation of Bank Of Hangzhou Co.Ltd(600926) . On January 17, China Southern Fund and Everbright financial participated in the research of Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) in the form of video.
