In early trading today (January 26), A-Shares rose and fell, continuing the adjustment trend; In the afternoon, the stock index bottomed out and rebounded. On the disk, in terms of industries, wind power equipment, engineering construction, securities, cement and building materials, logistics, petroleum and other industries led the increase, while tourism hotels, shipbuilding, chemical pharmacy, airports, biological products, precious metals and other industries led the decline. In terms of subject stocks, virtual power plants, assembly buildings, photovoltaic building integration, silicone, combustible ice, pumped storage, wind energy, etc. led the rise, while data security, Huawei concept, CRO, covid-19 drugs, heparin concept, prefabricated vegetable concept, etc. led the decline.
brokerage sector rose strongly Guolian Securities Co.Ltd(601456) trading limit, and the performance of many companies increased significantly
The brokerage sector rose strongly on the 26th. As of press time, Guolian Securities Co.Ltd(601456) rose by the limit, Central China Securities Co.Ltd(601375) , Chinalin Securities Co.Ltd(002945) , Zheshang Securities Co.Ltd(601878) , Caida Securities Co.Ltd(600906) , Guotai Junan Securities Co.Ltd(601211) and other gains were ahead. In terms of news, as of January 25, at least 26 securities companies had predicted the performance of 2021, of which only 5 had a year-on-year decrease in net profit, that is to say, the performance of more than 80% of securities companies increased year-on-year, and even the net profit of 4 securities companies is expected to double.
According to the data, Citic Securities Company Limited(600030) is expected to have a revenue of 76.57 billion yuan in 2021, with a year-on-year increase of 40.8%, and a year-on-year increase in net profit of 54.2% to 22.979 billion yuan, continuing to remain the champion. Guotai Junan Securities Co.Ltd(601211) securities and China Merchants Securities Co.Ltd(600999) also predict that the net profit will exceed 10 billion yuan in 2021. The revenue of Guotai Junan Securities Co.Ltd(601211) securities in 2021 was 42.669 billion yuan, a year-on-year increase of 21.22%, and the net profit was 15.013 billion yuan, a year-on-year increase of 34.98%; The China Merchants Securities Co.Ltd(600999) revenue increased by 21.04% year-on-year to 29.386 billion yuan, and the net profit increased by 22.35% year-on-year to 11.613 billion yuan.
Shanxi Securities Co.Ltd(002500) pointed out that at the current time point, it is recommended to continue to pay attention to securities companies. First, the performance of listed securities companies was better than expected and maintained a relatively high growth rate. Since this year, the secondary market has been active in investment and trading, and the trillion transaction scale has become the norm. In addition, the scale of two financing has also remained high, which is good for brokerage business. Second, the policy orientation is good. The CSRC puts forward seven major tasks, including the reform of the main board registration system, the entry of long-term funds into the market, the supervision of overseas listing, and the legislation of futures and derivatives. The reform of various basic systems is deepened and the business environment is continuously improved. Third, loose liquidity further promoted trading activity, which was good for the brokerage sector as a whole.
The agency said that focusing on the layout of asset light advantageous business is the main recommended direction at the current time point. The deepening reform of the capital market supports macroeconomic transformation and serves the national strategic objectives. At the same time, the securities industry also fully benefits from the broad business opportunities contained in the real economy. Asset light business has relatively low risk and little restriction on capital, which helps to smooth performance fluctuations and is more favored by the market in valuation. The ceiling of wealth management business and institutional business is high, and the business space is broader. First, based on the vision of common prosperity, reaffirm the blue ocean field of wealth management business and pay attention to the securities companies that first release the Bureau in the big wealth management industrial chain. Second, based on the deepening trend of investor institutionalization, select securities companies with strong institutional service ability and high proportion of institutional business. Third, it is suggested to pay attention to the head securities companies, take the lead in compliance risk control, and the pilot of new business occupies the first mover advantage. It is recommended to pay attention to Citic Securities Company Limited(600030) , China stock market news, China Industrial Securities Co.Ltd(601377) , China Merchants Securities Co.Ltd(600999) , etc.
the 14th five year plan for the development of the construction industry was issued, and the construction sector rose sharply. The daily limit for construction research and design was
Boosted by the favorable policies of the industry, the construction sector rose sharply on the 26th. As of press time, the “20cm” limit of construction research and design, Palm Eco-Town Development Co.Ltd(002431) , Shenzhen Mingdiao Decoration Co.Ltd(002830) , Shandong Hi-Speed Road&Bridge Co.Ltd(000498) and other “10cm” limits, Shenzhen Institute Of Building Research Co.Ltd(300675) , Henan Provincial Communications Planning & Design Institute Co.Ltd(300732) , Zhubo Design Co.Ltd(300564) and other increases were ahead.
In terms of news, recently, the Ministry of housing and urban rural development issued the “14th five year plan” for the development of the construction industry, which proposed to build a modern construction industry development system with effective market mechanism, controllable quality and safety, strong standard support and dynamic market players with the goal of building a world construction power.
The plan proposes to 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. We will strengthen the research on basic common technologies of Internet platforms in the construction industry, and prepare key technical standards, development guidelines and white papers. Carry out the pilot construction of Internet platform for construction industry, explore system solutions suitable for different application scenarios, cultivate a number of industry-level, enterprise level and project-level Internet platforms for construction industry, and build a government supervision platform. Encourage construction enterprises, Internet enterprises and scientific research institutes to cooperate and strengthen the integrated application of new generation information technologies such as Internet of things, big data, cloud computing, artificial intelligence and blockchain in the construction field.
Anxin Securities pointed out that in 2022, the construction industry will continue to embrace the “new economy” and actively integrate into the “double carbon” national strategy, and green buildings are expected to rise. At present, China’s economy is facing downward pressure, steady growth and cross cycle regulation are approaching, and the construction industry is expected to usher in the dual development opportunities of policy driven and “construction +”. From the perspective of policy, the active fiscal policy should improve efficiency, pay more attention to accuracy and sustainability, ensure the intensity of fiscal expenditure and speed up the progress of expenditure. It is expected that local special bonds are expected to be launched in the first half of the year, the “two new and one heavy” construction is expected to be overweight, and the infrastructure investment is moderately advanced, which is worth waiting for. Monetary policy should be flexible and moderate, and maintain reasonable and abundant liquidity. There are expectations of reducing reserve requirements and interest rates in 2022. The easing of monetary policy is conducive to the development of the industry. Moreover, fiscal policy and monetary policy should be coordinated and linked, and cross cyclical and counter cyclical macro-control policies should be organically combined. The policy is expected to become a major driving force for the “spring agitation” of the industry in 2022. At the same time, the construction industry actively embraces the “new economy” and actively layout Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) around “construction +”. BIPV, energy storage and carbon sequestration have become the key layout fields of listed companies. Some companies Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) have begun to show signs and are expected to continue to make efforts in the future, so as to improve the valuation level of companies and industries.
The agency proposes to actively layout the “construction +” new business sector around the “two new and one heavy” infrastructure leader and the “double carbon” background: (1) the “two new and one heavy” infrastructure leader. Central construction enterprises and regional infrastructure leaders will fully benefit from the construction of “two new and one heavy”, and central construction enterprises and regional infrastructure leaders are the main beneficiaries of “national advance and people retreat” and the improvement of industry concentration. The newly signed orders and performance are bright, and the valuation advantage is very significant. It is suggested to pay attention to China State Construction Engineering Corporation Limited(601668) , China Communications Construction Company Limited(601800) , China Railway Construction Corporation Limited(601186) , Metallurgical Corporation Of China Ltd(601618) and other central construction enterprises and Shandong Hi-Speed Road&Bridge Co.Ltd(000498) , Anhui Construction Engineering Group Corporation Limited(600502) and other regional infrastructure leaders.
At the same time, urban rail design and vibration reduction will fully benefit from the release of urban rail transit demand under the construction of new urbanization. It is recommended to focus on Guangzhou Metro Design & Research Institute Co.Ltd(003013) and Zhejiang Tiantie Industry Co.Ltd(300587) .
(2) prefabricated buildings. Under the background of carbon peak and carbon neutralization goal, the prefabricated construction field mainly in the form of concrete structure and steel structure will continue to fully benefit from the further improvement of the industry prosperity and demand release, and is expected to become an important development field under the carbon neutralization goal. It is suggested to pay attention to Shenzhen Capol International&Associatesco.Ltd(002949) , Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Zhejiang Southeast Space Frame Co.Ltd(002135) .
multi stock trading institutions in the sea and land wind power sector: pay attention to industrial upgrading and cost reduction investment opportunities
On Wednesday, the wind power sector led the rise, Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , Longyuan Power, Dajin Heavy Industry Co.Ltd(002487) limit, Jiangsu Zhongtian Technology Co.Ltd(600522) , Ficont Industry (Beijing) Co.Ltd(605305) , Zhangjiagang Zhonghuan Hailu High-End Equipmentco.Ltd(301040) and so on. In terms of news, the latest data released by the National Energy Administration on January 25 showed that the newly installed capacity of wind power and photovoltaic power generation in China exceeded 100 million kW in 2021, realizing a good start in the development of the 14th five year plan. According to the data, in 2021, the newly installed capacity of wind power and photovoltaic power generation in China reached 101 million KW, including 47.57 million kw of wind power and 52.97 million kw of photovoltaic power generation. From the perspective of development, offshore wind power has sprung up in 2021, with an additional installed capacity of 16.9 million kW in the whole year, which is 1.8 times the total installed capacity previously. At present, the cumulative installed capacity has reached 26.38 million KW, ranking first in the world.
China International Capital Corporation Limited(601995) the research report points out that in 2021, the cost reduction brought by the technological progress of wind power fans has been obvious, the return level of many exploitable land resources has been relatively excellent, the promotion of the planning of superimposed scenery base has been accelerated, and the annual open market bidding volume of the industry is close to 60GW (mainly land wind and less sea wind). It is expected that the high business cycle of land wind power in 1 ~ 2 years has been started.
Ping An Securities believes that according to the recent bidding situation, the development situation of offshore wind power exceeds market expectations, the price of main equipment such as offshore wind turbines has been greatly reduced, and large-scale affordable offshore wind power projects have emerged and bidding has been opened one after another. The competition pattern of offshore wind power submarine cable is clear, and the demand is expected to grow rapidly in the future, which belongs to a high-quality growth track; Recommend enterprises with leading technical strength and share and territorial advantages.
Kaiyuan Securities pointed out that during the “14th five year plan” period, renewable energy will become the main body of China’s energy consumption increment. Wind power, as one of the main renewable energy sources, is expected to develop rapidly. A number of offshore wind power projects are ready to emerge. Many places have made clear the construction plan of offshore wind power base and actively promoted high-power models. It is suggested to pay attention to the investment opportunities of large tow carbon fiber, anhydride curing agent and domestic grouting materials brought by the innovation of blade materials and the accelerated rise of sea breeze in the process of upgrading and cost reduction of wind power industry.
excellent companies that select traditional Chinese medicine consumer goods under the pressure of price increase and centralized purchase by many Chinese patent medicine enterprises are important ideas
According to China Central Television finance and economics, recently, a number of Chinese patent medicine enterprises announced an increase in drug prices due to the rise in the price of traditional Chinese medicine. Guangzhou Qingping traditional Chinese medicine market is the largest wholesale market of traditional Chinese medicine in South China. A merchant told reporters that at present, the price of most traditional Chinese medicine sold in the market is still rising, especially tonic medicine. Despite the sharp rise in the price of traditional Chinese medicine, the market sales volume increased instead of decreased. The person in charge of a Chinese herbal medicine e-commerce platform said that the sales of Chinese herbal medicine on the platform was about 30 billion yuan in 2021, an increase of 5% year-on-year. Insiders told reporters that the important reason for the general rise in the price of traditional Chinese medicine since last year is the mismatch between supply and demand. On the demand side, the recognition of traditional Chinese patent medicine has been significantly improved, and the demand is increasing; On the supply side, the price of traditional Chinese medicine continued to decline in the past few years, and the enthusiasm of farmers was not high, resulting in the decline of planting area, which had a certain impact on the supply of traditional Chinese medicine.
China Securities Co.Ltd(601066) believes that since 2021, the implementation speed of policies supporting the traditional Chinese medicine industry at the national level has been significantly accelerated. The State Administration of traditional Chinese medicine has given directional guidance on the construction of industry capacity and system; The state medical insurance administration and the administration of traditional Chinese medicine jointly issued the guiding opinions on medical insurance supporting the inheritance, innovation and development of traditional Chinese medicine, which requires deepening the reform of the medical security system and supporting and promoting the inheritance, innovation and development of traditional Chinese medicine; In terms of registration and approval, the state has vigorously promoted the inheritance and innovation of traditional Chinese medicine. The number of innovative traditional Chinese medicine, whether applied for registration or approved, has reached a record high. The varieties of new drugs approved in 2021 are widely distributed in the field of disease treatment. However, at the same time, the centralized collection of traditional Chinese medicine by local alliances is also being promoted. The follow-up market of traditional Chinese medicine will develop in depth, and the excellent companies that select traditional Chinese medicine consumer goods may be one of the important ideas. Recommend China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) and think that: 1. The company is a multi brand successful operation platform scarce in the market. The management team comes from the front line of business and has a deep understanding of the industry; The report quality is relatively healthy, and the recent implementation of equity incentive is also of positive significance to the development of the company. 2. The drag of prescription drugs on growth is coming to an end. 3. China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) can benchmark consumer goods companies, and the valuation is expected to gradually increase to 20-30 times.
China Greatwall Securities Co.Ltd(002939) recommended Tianjin Zhongxin Pharmaceutical Group Corporation Limited(600329) . Three varieties of Darentang were selected into the clinical application guide, and the curative effect of the product was fully recognized in the industry. Under the condition of continuous improvement of the company’s operation, the company has obvious advantages in medical resources, and the profit space needs to be further released. The company has a strong foundation for the improvement of valuation. It is expected that the dynamic PE of 25-35 times will be the central level of valuation in the future.
in 2021, the new installed capacity of wind power photovoltaic power generation in China will exceed 100 million KW, and the construction of large-scale wind and solar power base projects (with shares)
On January 25, the latest data released by the national energy administration showed that the newly installed capacity of wind power and photovoltaic power generation in China exceeded 100 million kW in 2021. On January 24, the 36th collective learning meeting of the Political Bureau of the CPC Central Committee proposed that the gradual withdrawal of traditional energy must be based on the safe and reliable substitution of new energy, and efforts should be made to plan and build a new energy supply and consumption system based on large-scale wind and solar power bases.
Huachuang Securities pointed out that on December 30, the SASAC issued the guidance on promoting the high-quality development of central enterprises and doing a good job in carbon peak and carbon neutralization, which made it clear to comprehensively promote the large-scale development of wind power and Cecep Solar Energy Co.Ltd(000591) power generation, adhere to both centralized and distributed development, and give priority to the local and nearby development and utilization of wind energy and Cecep Solar Energy Co.Ltd(000591) , Accelerate the innovation, upgrading and characteristic application of intelligent photovoltaic industry. By 2060, the industrial system of green and low-carbon circular development of central enterprises and the clean, low-carbon, safe and efficient energy system will be fully established, and the energy utilization efficiency will reach the advanced level of world-class enterprises, forming the core competitive advantage of green and low-carbon.
To achieve the dual carbon goal, the focus is to build a new power system with new energy as the main body, vigorously develop new energy, promote the large-scale development and high-quality development of wind power and Cecep Solar Energy Co.Ltd(000591) power generation, coordinate the construction of UHV power transmission channels, build a strong smart grid, and develop “new energy + energy storage”, the integration of source, network, load and storage, and multi energy complementarity. Firmly optimistic about investment opportunities in photovoltaic, wind power and energy storage sectors. Suggestions: 1) profit recovery logic of integrated component enterprises benefiting from the decline of silicon material price: Ja Solar Technology Co.Ltd(002459) , Longi Green Energy Technology Co.Ltd(601012) , Trina Solar Co.Ltd(688599) ; 2) Electrochemical energy storage battery enterprises Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Guangzhou Great Power Energy&Technology Co.Ltd(300438) , Shenzhen Dynanonic Co.Ltd(300769) , Jiangsu Lopal Tech.Co.Ltd(603906) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Capchem Technology.Ltd(300037) with broad growth space in the future; 3) Inverter links that extend the outlet and superimpose energy storage and fast shutdown concepts: Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Ningbo Deye Technology Co.Ltd(605117) ; 4) Photovoltaic auxiliary materials with stable and good pattern: Hangzhou First Applied Material Co.Ltd(603806) , Flat Glass Group Co.Ltd(601865) ; 5) Relevant targets of new power system construction Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , etc.
new heavy position stocks of the fund surfaced and three industries were favored
The fourth quarter report of 2021 of public funds has just been disclosed, and the new heavy positions of the fund also surfaced. Data show that the fund’s new heavy warehouse stocks are mainly concentrated in raw materials, investment products and information technology industries. In the view of insiders, among the new heavy positions of the fund, the “holding stocks” held by multiple funds and accounting for a high proportion of circulating stocks will have a greater probability of winning the market under the current market background of intensified shocks.
According to the statistics of Tianxiang investment adviser, among the new heavy warehouse stocks of the fund in the fourth quarter of 2021, they are mainly concentrated in the raw materials, investment products and information technology industries. According to the data, as of the end of last year, among the top 50 heavyweight stocks newly entered by the fund, there were as many as 14 companies in the field of raw materials, mainly including Yantai Zhenghai Magnetic Material Co.Ltd(300224) , Guangdong Hoshion Aluminium Co.Ltd(002824) and Jiangsu Asia-Pacific Light Alloy Technology Co.Ltd(002540) in the non-ferrous sector and Nanjing Cosmos Chemical Co.Ltd(300856) , Anhui Anli Material Technology Co.Ltd(300218) , Jinan Shengquan Group Share Holding Co.Ltd(605589) , Phichem Corporation(300398) and Jiangxi Black Cat Carbon Black Inc.Ltd(002068) in the chemical sector.
There are 12 companies in the field of investment products, including Senci Electric Machinery Co.Ltd(603109) , Jiangxi Huawu Brake Co.Ltd(300095) , Runa Smart Equipment Co.Ltd(301129) and Shanghai Supezet Engineering Technology Corp.Ltd(688121) in the mechanical sector and Jolywood (Suzhou) Sunwatt Co.Ltd(300393) , Hangzhou Boiler Group Co.Ltd(002534) , Dongfang Electronics Co.Ltd(000682) and Baosheng Science And Technology Innovation Co.Ltd(600973) in the electrical equipment sector; There are 9 companies in the field of information technology, mainly Anhui Tongfeng Electronics Company Limited(600237) , Zhejiang Crystal-Optech Co.Ltd(002273) , Konfoong Materials International Co.Ltd(300666) , Shanghai Anlogic Infotech Co.Ltd(688107) . China Mobile has also entered the list of new heavy positions of the fund.
