[Important Data]
[Zhitong View]
1. At the closing of US stocks last Friday, the Dow rose 834.92 points, or 2.51%, to 34058.75 points; the Nasdaq rose 221.04 points, or 1.64%, to 13694.62 points; The S&P 500 index rose 95.95 points, or 2.24%, to 4384.65 points. Last week, the Dow fell 0.06%, the S&P 500 rose 0.82%, and the Nasdaq rose 1.08%. The Hong Kong stock ADR index also rose. On a proportional basis, it closed at 23,100 points, an increase of 332.57 points, or 1.44%, from the closing price in Hong Kong.
2. On the evening of Saturday (February 26) local time, the United States, the European Union, the United Kingdom and Canada issued a joint statement announcing a ban on some Russian banks from using the Society for Worldwide Interbank Financial Telecommunication (SWIFT) international settlement system. This means that Russian banks will not be able to communicate safely and effectively with overseas banks, and oil and natural gas export earnings, which account for more than 40% of Russia's total fiscal revenue, will be cut off. This measure has a great impact on European and American banks, involving relevant Hong Kong stocks including HSBC Holdings (00005); crude oil and natural gas prices may be affected, including price fluctuations in some non-ferrous metal sectors.
3. Guangfa Securities released a study saying that geopolitical risks strengthen "cautious thinking and action" and pay attention to Russia-Ukraine conflict 3 clues and three directions of stable growth. Geographical risks will not dominate the stock market trend, but they will accelerate a weak market that has not yet formed a consensus. If the situation between Russia and Ukraine is relieved in stages, it will provide a good opportunity to control portfolio risks. Russia-Ukraine geopolitical risks have strengthened the "supply and demand gap" of global resources/raw materials, and GF has transferred them into the portfolio to maintain a balanced allocation of high areas and low areas: (1) Resources/materials that benefit from the "supply and demand gap" inflation logic (coal/ Aluminum/ potassium fertilizer ); (2) The intersection of "stable growth" and "double carbon new cycle" in low areas (real estate/building materials/coal chemical industry); (3) technology track stocks that PEG is gradually becoming more and more satisfied with (new energy vehicles) / wind power photovoltaic / digital economy ).
4. CanSino Biologics -B (06185) released its 2021 annual performance report. The group achieved total operating income of 4.3 billion yuan (RMB) during the period, a year-on-year increase of 17174.5%; the net profit attributable to the owners of the parent company was 19.14 billion, turning a loss into a profit year-on-year in fiscal year 2020; basic earnings per share was 7.7 yuan.
5. Times Electric (03898) released its 2021 annual performance report. The group achieved total operating income of RMB 15.121 billion, a year-on-year decrease of 5.69%; net profit attributable to owners of the parent company was 2.018 billion yuan, a year-on-year decrease of 18.49%; basic per share The income is 1.63 yuan.
6. Shanghai Fudan (01385) announced its 2021 results. Total operating income was approximately RMB 2.576 billion, a year-on-year increase of 52.37%; net profit attributable to owners of the parent company was approximately RMB 513 million, a year-on-year increase of 286.26%; owned by the parent company The net profit after deducting non-recurring gains and losses was approximately 448 million yuan, an increase of 1022.57% from the previous year; basic earnings per share was 0.69 yuan.
7. Ascletis Pharmaceuticals-B (01672) issued a profit report. Compared with the gross loss of approximately 23.5 million yuan (RMB) for the year ended December 31, 2020, the group expects to change from a gross loss to a gross profit for the year ended December 31, 2021, and is expected to achieve a gross profit Approximately 38.5 million yuan to 40.1 million yuan, an increase of approximately 264% to 270%. The group expects to obtain revenue of approximately 76.1 million yuan to 77.6 million yuan for the year ending December 31, 2021, a year-on-year increase of approximately 117% to 122% compared with the revenue of approximately 35 million yuan for the year ending December 31, 2020.
[Important Data]
[Zhitong View]
1. At the closing of US stocks last Friday, the Dow rose 834.92 points, or 2.51%, to 34058.75 points; the Nasdaq rose 221.04 points, or 1.64%, to 13694.62 points; The S&P 500 index rose 95.95 points, or 2.24%, to 4384.65 points. Last week, the Dow fell 0.06%, the S&P 500 rose 0.82%, and the Nasdaq rose 1.08%. The Hong Kong stock ADR index also rose. On a proportional basis, it closed at 23,100 points, an increase of 332.57 points, or 1.44%, from the closing price in Hong Kong.
2. On the evening of Saturday (February 26) local time, the United States, the European Union, the United Kingdom and Canada issued a joint statement announcing a ban on some Russian banks from using the Society for Worldwide Interbank Financial Telecommunication (SWIFT) international settlement system. This means that Russian banks will not be able to communicate safely and effectively with overseas banks, and oil and natural gas export earnings, which account for more than 40% of Russia's total fiscal revenue, will be cut off. This measure has a great impact on European and American banks, involving relevant Hong Kong stocks including HSBC Holdings (00005); crude oil and natural gas prices may be affected, including price fluctuations in some non-ferrous metal sectors.
3. Guangfa Securities released a study saying that geopolitical risks strengthen "cautious thinking and action" and pay attention to Russia-Ukraine conflict 3 clues and three directions of stable growth. Geographical risks will not dominate the stock market trend, but they will accelerate a weak market that has not yet formed a consensus. If the situation between Russia and Ukraine is relieved in stages, it will provide a good opportunity to control portfolio risks. Russia-Ukraine geopolitical risks have strengthened the "supply and demand gap" of global resources/raw materials, and GF has transferred them into the portfolio to maintain a balanced allocation of high areas and low areas: (1) Resources/materials that benefit from the "supply and demand gap" inflation logic (coal/ Aluminum/ potassium fertilizer ); (2) The intersection of "stable growth" and "double carbon new cycle" in low areas (real estate/building materials/coal chemical industry); (3) technology track stocks that PEG is gradually becoming more and more satisfied with (new energy vehicles) / wind power photovoltaic / digital economy ).
4. CanSino Biologics -B (06185) released its 2021 annual performance report. The group achieved total operating income of 4.3 billion yuan (RMB) during the period, a year-on-year increase of 17174.5%; the net profit attributable to the owners of the parent company was 19.14 billion, turning a loss into a profit year-on-year in fiscal year 2020; basic earnings per share was 7.7 yuan.
5. Times Electric (03898) released its 2021 annual performance report. The group achieved total operating income of RMB 15.121 billion, a year-on-year decrease of 5.69%; net profit attributable to owners of the parent company was 2.018 billion yuan, a year-on-year decrease of 18.49%; basic per share The income is 1.63 yuan.
6. Shanghai Fudan (01385) announced its 2021 results. Total operating income was approximately RMB 2.576 billion, a year-on-year increase of 52.37%; net profit attributable to owners of the parent company was approximately RMB 513 million, a year-on-year increase of 286.26%; owned by the parent company The net profit after deducting non-recurring gains and losses was approximately 448 million yuan, an increase of 1022.57% from the previous year; basic earnings per share was 0.69 yuan.
7. Ascletis Pharmaceuticals-B (01672) issued a profit report. Compared with the gross loss of approximately 23.5 million yuan (RMB) for the year ended December 31, 2020, the group expects to change from a gross loss to a gross profit for the year ended December 31, 2021, and is expected to achieve a gross profit Approximately 38.5 million yuan to 40.1 million yuan, an increase of approximately 264% to 270%. The group expects to obtain revenue of approximately 76.1 million yuan to 77.6 million yuan for the year ending December 31, 2021, a year-on-year increase of approximately 117% to 122% compared with the revenue of approximately 35 million yuan for the year ending December 31, 2020.
[Company News]
Green Power Environmental Protection (01330): The online winning rate of "Green Convertible Bonds" is 0.01546160%
Zhaojin Mining (01818): Weng Zhanbin was appointed as chairman
WuXi Junuo-B (02126): Benoda® marketing authorization application was accepted by the National Food and Drug Administration Zijin Mining (02899) plans to invest 823 million yuan in Longjing Environmental Protection to carry out strategic cooperation in environmental protection and new energy businesses
Jinmao Services (00816) Luye Pharmaceutical (02186) plans to issue 101 million shares in its IPO from February 25 to March 2: Boyonuo® (bevacizumab injection) has been approved for a new indication in China
Sinopec Oilfield Service (01033) New Signed a 3.87 billion yuan Tilenga oil and gas gathering and transportation system EPSCC project main contract
China National Bank Leasing (01606) signed a financial lease contract The lease interest was 332 million yuan
Suoxinda Holdings (03680) successfully developed the risk management solution platform "Ling Moment" Panoramic regulatory compliance platform"
JD Group-SW (09618) invested in Dada and has obtained all necessary regulatory approvals
China Resources Land (01109) plans to establish a private equity investment fund with a total scale of 1.2 billion yuan
Yankuang Energy (01171)
Sunshine Energy (00757) plans to sell the entire equity of Jinzhou Youhua Silicon Materials at a consideration of approximately 227 million yuan under the share award plan.
China Evergrande (03333) plans to cooperate with Everbright Trust and Minmetals Trust to sell 4 The relevant equity of the project recovered part of the investment amount of 1.95 billion yuan
Tianjin Port Development (03382): China Grain Logistics (603565.SH) plans to increase capital of 694 million yuan to the fourth company
Zhejiang Shanghai Hangyong (00576) proposes to issue medium-term notes and Ultra-short-term and short-term financing bonds
Bank of Communications (03328) successfully issued 30 billion yuan of secondary capital bonds
Vanke Enterprise (02202) completed the issuance of 2 billion yuan of medium-term notes
Fuyao Glass (03606) issued 400 million yuan of ultra-short-term financing
A subsidiary of Sinofert (00297) plans to issue 600 million yuan of ultra-short-term financing
[Financial report data]
Ascletis Pharmaceuticals-B (01672) expects gross profit in 2021 to be approximately 38.5 million yuan to 40.1 million yuan, a year-on-year increase of approximately 264% to 270%
Haohai Biotechnology (06826)'s net profit attributable to its parent company in 2021 increased by 53.19% year-on-year to 352 million yuan
China National Cross Number (03969)'s net profit attributable to its parent company in 2021 decreased by 14.25% year-on-year to 3.275 billion yuan
Tianjin Development (00882) : Lisheng Pharmaceuticals (002393.SZ) Net profit attributable to parent companies for fiscal year 2021 increased by 1312.6% year-on-year to 122 million yuan
Turned losses into profits Sino Bio-B (06185) Net profit attributable to parent companies for fiscal year 2021 was 1.914 billion yuan
Shanghai Fudan (01385 ) Net profit attributable to parent companies in 2021 increased by 286.26% year-on-year to 513 million yuan
BeiGene (06160) 2021 revenue increased 2.81 times year-on-year to approximately US$1.176 billion, adding more than US$4 billion in cash reserves
Li Auto -W (02015 ) Net profit in the fourth quarter was HK$296 million, a year-on-year increase of 174.9%
NWS Holdings (00659) Interim profit attributable to shareholders increased significantly by 161% from the same period last year to HK$1.5953 billion
00 million Sten Holdings (01656) Annual profit attributable to shareholders Profit increased by 68.34% year-on-year to SGD 25.485 million
New World Development (00017) Interim profit attributable to shareholders increased by 41.2% year-on-year to HK$1.43 billion. Distribution of 56 Hong Kong cents per share
Fudan Zhangjiang (01349) 2021 return to the parent company Net profit increased by 29.53% year-on-year to 213 million yuan
Bay Area Development (00737) 2021 toll revenue increased by 24.34% year-on-year to 1.955 billion yuan
Kingsoft Software (03888): Kingsoft Office (688111.SH) 2021 net profit attributable to shareholders increased by 18.68% year-on-year % to 1.042 billion yuan
Times Electric (03898) Performance Express: Annual net profit attributable to the parent decreased by 18.49% year-on-year to 2.018 billion yuan
Tianneng Power (00819): Tianneng Battery (688819.SH) Annual net profit attributable to the parent decreased by 40.07% year-on-year % to 1.366 billion
Hutchison Telecom Hong Kong (00215) 2021 profit attributable to shareholders decreased by 99% year-on-year to HK$4 million Final dividend per share 5.21 Hong Kong cents
Eagle King (00041) 2021 loss attributable to shareholders narrowed year-on-year 94.16% to HK$499 million. It plans to pay a dividend of HK$1 per share.
Junshi Biotech (01877)'s net loss attributable to its parent company in 2021 narrowed by approximately 55.72% to HK$739 million.
Turn losses into profits. Maoyan Entertainment (01896) is expected to be attributable to shareholders for the year. Profit is about 350 million yuan to 400 million yuan.
Kowloon Construction Industry (00034) expects that the net profit attributable to shareholders in 2021 will increase significantly by 170% to 180% compared with the same period last year.
China Risun Group (01907) expects that the annual net profit will increase by more than 50% compared with the same period last year.
new Hope Services (03658) expects the adjusted profit attributable to shareholders to increase by 58%-63% year-on-year in 2021. China Resources Medical (01515) expects the profit attributable to shareholders to increase by approximately 30% year-on-year in 2021. Saison Pharmaceuticals (06600) expects that in 2021 Profit attributable to shareholders is not less than 915 million yuan
Phoenix TV (02008) expects annual loss attributable to shareholders to be approximately HKD 500 million
Keji Pharmaceutical-B (02171) expects net loss in 2021 to increase by approximately 345% to 347% year-on-year
Shenzhen Expressway Co., Ltd. (00548) Toll revenue from the outer ring project in January was 70.916 million yuan
[Macro and Industry]
1. Foreign Exchange Bureau : In January, China’s foreign exchange market (excluding foreign currency pair market, the same below) total The transaction volume was 19.45 trillion yuan (equivalent to 3.06 trillion U.S. dollars).Among them, the transaction volume in the bank-to-customer market was 3.32 trillion yuan (equivalent to US$0.52 trillion), and the transaction volume in the inter-bank market was 16.13 trillion yuan (equivalent to US$2.54 trillion).
2. Foreign Exchange Administration: In January, my country's international service trade import and export scale was 501.4 billion yuan, a year-on-year increase of 37%. Among them, exports were 230 billion yuan, imports were 271.3 billion yuan, and the deficit was 41.3 billion yuan. In U.S. dollars, in January 2022, my country's international services trade exports were US$36.2 billion and imports were US$42.7 billion, with a deficit of US$6.5 billion.
3. State-owned Assets Supervision and Administration Commission: As of the end of 2021, the average completion progress of 96 central enterprises in benchmarking world-class management improvement actions has reached 92.01%, and the average completion progress of key local state-owned enterprises has reached 81.62%; full employee labor productivity per capita reached 694,000 yuan, This is an increase of 32.2% compared to the beginning of the benchmarking campaign, which is more than five times the average level of the whole society.
4. China Securities Association: As of the end of 2021, the number of A-share capital accounts opened for customers by the securities industry was 298 million, a year-on-year increase of 14.89%, and the ending balance of customer transaction settlement funds (including credit transaction funds) was 19,000 billion, an increase of 14.66% compared with the end of the previous year, and the customer base continues to expand. At the end of 2021, the asset management business scale of the securities industry was 10.88 trillion yuan, a year-on-year increase of 3.53%. In particular, the scale of collective asset management represented by active management increased significantly by 112.52% to 3.28 trillion yuan.
5. China Clearing: Since breaking through 150 million in March 2019, the number of investors has continued to grow, reaching 200.0087 million by February 25, 2022.
6. China Automobile Association: In January, commercial vehicle production and sales were 345,000 and 344,000 units, a month-on-month decrease of 9.3% and a 5.5% decrease, and a year-on-year decrease of 28.0% and 25.1%. Among the main types of commercial vehicles, compared with the previous month, the sales of trucks increased slightly, the output decreased slightly, and the production and sales of passenger cars showed a rapid decline; compared with the same period last year, the production and sales of trucks and buses both declined, and the decline of trucks was more obvious.
7. Strategy Analytics: In Q3 2021, global cellular baseband market revenue increased by 23.3%, reaching US$8.15 billion, a record high. Qualcomm , MediaTek , Samsung LSI, Unisoc and Intel occupy the top five mobile phone baseband revenue shares in Q3 2021. Among them, the 5G baseband chip accounts for 70% of the total baseband revenue in Q3 2021. With the increase in 5G baseband portfolio, the average selling price (ASP) of the baseband market increased by 32%.
8. iiMedia Consulting : The trillion-dollar group meal track is highly sought after by capital. China's group meal market size will be 1.77 trillion yuan in 2021, with a stable customer base. With the diversified development of group meals and the upgrading of industry services and technology, it is expected to maintain a growth rate of 10% and reach 2.25 trillion yuan in 2023.
9. SWIFT: In January this year, the RMB’s share in international settlements reached 3.2%, a record high, ranking fourth in the world after the US dollar (39.92%), the euro (36.56%), and the British pound (6.30%).
[Major shareholders increase or decrease holdings]
html On February 23, Wellington Management Group LLP increased its holdings of 7.575 million shares of China Reinsurance (01508), with a price of HK$0.778 per share, and a total amount of approximately HK$5.8934 million. After the increase, the latest number of shares held was approximately 335 million shares, and the latest shareholding ratio was 5.02%.[Major Bank Ratings]
UBS : Maintain Alibaba -SW (09988) "Buy" rating Target price dropped 9.3% to HK$146
Morgan Stanley : Maintain Pacific Shipping (02343) "Overweight" rating Target price 6.65 Hong Kong dollars
Goldman Sachs : Maintain Hong Kong Stock Exchange (00388) "Buy" rating Target price dropped to 552 Hong Kong dollars
Daiwa: Maintain NetEase-S (09999) "Buy" rating target price 218 Hong Kong dollars
CMB International: Maintain Budweiser Asia Pacific (01876) "Buy" rating, target price raised to HK$28
[Trading alarm]
IPO in progress: Jinmao Services (00816)
Results announced: China Electronics Holdings (00002), Xinyiguang Neng (00968), Xinyi Glass (00868), SJM Holdings (00880), Xinyi Energy (03868), Yancoal Australia (03668), Jiangnan Buyi (03306), Lifestyle International (01212), China Everbright Water (03668) 01857), CIIC Global (06819), Birmingham Sports (02309), Universal Entertainment Culture (01046), Jinyue Holdings (00070), Hengtai (00197), Australia Chengfeng Higher Education (01752), Weijun Biotechnology (00660) ), MINDTELL TECH (08611), Jinyi Group Holdings (00565), Lansen Pharmaceuticals (00503), Asia Pacific Resources (01104), China Public Procurement (01094), CSI International (00943), China Financial International (00721), China Environmental Resources (01130), Meiya Holdings (01116), Detai New Energy Group (00559), Times Group Holdings (01023), International Entertainment (01009)
[Disclaimer] The stock market has risks, so be cautious when entering the market. This information does not constitute investment advice. For more information, please follow Zhitong Finance.com or download the latest [Zhitong Finance] APP from major app stores for easy viewing.
Among them, the transaction volume in the bank-to-customer market was 3.32 trillion yuan (equivalent to US$0.52 trillion), and the transaction volume in the inter-bank market was 16.13 trillion yuan (equivalent to US$2.54 trillion).2. Foreign Exchange Administration: In January, my country's international service trade import and export scale was 501.4 billion yuan, a year-on-year increase of 37%. Among them, exports were 230 billion yuan, imports were 271.3 billion yuan, and the deficit was 41.3 billion yuan. In U.S. dollars, in January 2022, my country's international services trade exports were US$36.2 billion and imports were US$42.7 billion, with a deficit of US$6.5 billion.
3. State-owned Assets Supervision and Administration Commission: As of the end of 2021, the average completion progress of 96 central enterprises in benchmarking world-class management improvement actions has reached 92.01%, and the average completion progress of key local state-owned enterprises has reached 81.62%; full employee labor productivity per capita reached 694,000 yuan, This is an increase of 32.2% compared to the beginning of the benchmarking campaign, which is more than five times the average level of the whole society.
4. China Securities Association: As of the end of 2021, the number of A-share capital accounts opened for customers by the securities industry was 298 million, a year-on-year increase of 14.89%, and the ending balance of customer transaction settlement funds (including credit transaction funds) was 19,000 billion, an increase of 14.66% compared with the end of the previous year, and the customer base continues to expand. At the end of 2021, the asset management business scale of the securities industry was 10.88 trillion yuan, a year-on-year increase of 3.53%. In particular, the scale of collective asset management represented by active management increased significantly by 112.52% to 3.28 trillion yuan.
5. China Clearing: Since breaking through 150 million in March 2019, the number of investors has continued to grow, reaching 200.0087 million by February 25, 2022.
6. China Automobile Association: In January, commercial vehicle production and sales were 345,000 and 344,000 units, a month-on-month decrease of 9.3% and a 5.5% decrease, and a year-on-year decrease of 28.0% and 25.1%. Among the main types of commercial vehicles, compared with the previous month, the sales of trucks increased slightly, the output decreased slightly, and the production and sales of passenger cars showed a rapid decline; compared with the same period last year, the production and sales of trucks and buses both declined, and the decline of trucks was more obvious.
7. Strategy Analytics: In Q3 2021, global cellular baseband market revenue increased by 23.3%, reaching US$8.15 billion, a record high. Qualcomm , MediaTek , Samsung LSI, Unisoc and Intel occupy the top five mobile phone baseband revenue shares in Q3 2021. Among them, the 5G baseband chip accounts for 70% of the total baseband revenue in Q3 2021. With the increase in 5G baseband portfolio, the average selling price (ASP) of the baseband market increased by 32%.
8. iiMedia Consulting : The trillion-dollar group meal track is highly sought after by capital. China's group meal market size will be 1.77 trillion yuan in 2021, with a stable customer base. With the diversified development of group meals and the upgrading of industry services and technology, it is expected to maintain a growth rate of 10% and reach 2.25 trillion yuan in 2023.
9. SWIFT: In January this year, the RMB’s share in international settlements reached 3.2%, a record high, ranking fourth in the world after the US dollar (39.92%), the euro (36.56%), and the British pound (6.30%).
[Major shareholders increase or decrease holdings]
html On February 23, Wellington Management Group LLP increased its holdings of 7.575 million shares of China Reinsurance (01508), with a price of HK$0.778 per share, and a total amount of approximately HK$5.8934 million. After the increase, the latest number of shares held was approximately 335 million shares, and the latest shareholding ratio was 5.02%.[Major Bank Ratings]
UBS : Maintain Alibaba -SW (09988) "Buy" rating Target price dropped 9.3% to HK$146
Morgan Stanley : Maintain Pacific Shipping (02343) "Overweight" rating Target price 6.65 Hong Kong dollars
Goldman Sachs : Maintain Hong Kong Stock Exchange (00388) "Buy" rating Target price dropped to 552 Hong Kong dollars
Daiwa: Maintain NetEase-S (09999) "Buy" rating target price 218 Hong Kong dollars
CMB International: Maintain Budweiser Asia Pacific (01876) "Buy" rating, target price raised to HK$28
[Trading alarm]
IPO in progress: Jinmao Services (00816)
Results announced: China Electronics Holdings (00002), Xinyiguang Neng (00968), Xinyi Glass (00868), SJM Holdings (00880), Xinyi Energy (03868), Yancoal Australia (03668), Jiangnan Buyi (03306), Lifestyle International (01212), China Everbright Water (03668) 01857), CIIC Global (06819), Birmingham Sports (02309), Universal Entertainment Culture (01046), Jinyue Holdings (00070), Hengtai (00197), Australia Chengfeng Higher Education (01752), Weijun Biotechnology (00660) ), MINDTELL TECH (08611), Jinyi Group Holdings (00565), Lansen Pharmaceuticals (00503), Asia Pacific Resources (01104), China Public Procurement (01094), CSI International (00943), China Financial International (00721), China Environmental Resources (01130), Meiya Holdings (01116), Detai New Energy Group (00559), Times Group Holdings (01023), International Entertainment (01009)
[Disclaimer] The stock market has risks, so be cautious when entering the market. This information does not constitute investment advice. For more information, please follow Zhitong Finance.com or download the latest [Zhitong Finance] APP from major app stores for easy viewing.
