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A shares Today surged and fell back to . As of the close, the Shanghai Composite Index fell 2.02% to 2977.56 points; the Shenzhen Component Index fell 2.05% to 10694.61 points; the ChiNext Index fell 2.43% to 2336.84 points; the Shanghai Composite Index fell 3.8% to 2400 points; the Science and Technology Innovation 50 Index rose slightly against the trend; the trading volume of in the two markets was significantly enlarged, with a full-day turnover of about 880 billion yuan.
Today, the brewing, real estate, finance, medicine and other sectors fell; industrial mother machine, photoresist , and military industry sectors were active against the trend, East China CNC , Haitian Precision , Tongcheng New Materials , Xiyi Co., Ltd. , AVIC Heavy Machinery and other sectors hit the daily limit, and Parker New Materials rose nearly 7% during the session and hit a new high.
Hong Kong stock plunged, Hang Seng Index fell nearly 7% during the session, Hang Seng Technology Index once fell more than 10%, and late trading declined slightly narrowed.
weighted sectors such as brewing and finance fell collectively
liquor sector fell sharply during the trading session today. As of the close, Shanxi Fenjiu fell nearly 9%, Kweichow Moutai fell 7.56% to 1,501.28 yuan, the stock price hit a new low in more than two years, and the market value fell below 2 trillion yuan; in addition, Luzhou Laojiao also fell more than 7%, Shede Wine Industry and Jiuguijiu fell more than 6%, and Wuliangye fell 5.86%.
Some analysis pointed out that the liquor sector continued to be under pressure after the National Day, and the market's expectations for liquor plummeted, which originated from three aspects: First, the epidemic was circulating at multiple points during the National Day, and the peak season expectations were dashed. After the holiday, the pressure on distributor inventory and cash flow increased, and Moutai wholesale price fell and suppressed in the off-season. In addition, the Spring Festival was earlier next year, some investors were worried about the Spring Festival collection that began in December; Second, rumors of alcohol bans fermented after the holiday, resulting in the sector's short-term risk aversion sentiment; Third, due to the expectation of interest rate hikes in the US dollar, foreign capital has been outflowing rapidly recently.
But Huachuang Securities pointed out that after the market sentiment is rapidly venting, short-term funds are expected to leave the market, and the sector has become attractive. First, the current weak demand recovery direction remains unchanged. Feitian wholesale price fell slightly in the early stage, mainly related to the delivery rhythm, but it was still judged by the previous 2,700 yuan center, and it stopped falling and stabilized in the middle of last week; Second, no relevant official documents have been issued for the ban on alcohol at present, and some rumors and details are difficult to actually implement. In fact, after the strict rectification of " three public consumption " in 2012, the proportion of liquor government consumption is expected to be less than 10%. Even if it is strictly managed, the impact has been greatly reduced; Third, the valuation of core liquor companies' targets has fallen rapidly, among which Moutai corresponds to 30 times PE in 2023 and Wuliangye 21 times PE. The current performance and valuation matching degree are already attractive. Overall, short-term funds are expected to leave the market after the lack of catalysts in the off-season and market concerns about a rapid response, and the sector has become attractive.
Insurance, banks, securities and other sectors also fell. As of the close, China Taiping Insurance and Xinhua Insurance fell more than 5%, Ping An fell 4.92%, China Life fell 3.7%; Ningbo Bank fell more than 7%, China Merchants Bank fell more than 5% to 28.02 yuan, a new low in more than two and a half years; Oriental Fortune fell 4.42%, CITIC Securities and CICC fell more than 2%.
It is worth noting that Tianfeng Securities rose 5.28% against the trend to 2.99 yuan, with a full-day turnover of 1.17 billion yuan.
Tianfeng Securities announced on the evening of the 23rd that the company recently received a notice from the company's shareholder Hongtai Group: On October 19, 2022, Hongtai Group and Wuhan Trading signed a "Consensual Action Agreement", which stipulates that in the future company's business management process, when the company's shareholders and directors need to exercise relevant rights in accordance with relevant laws and regulations, the provisions of the China Securities Regulatory Commission and the company's articles of association, Wuhan Trading will take concerted actions with Hongtai Group and make the same expression of intention. If the two parties have different opinions, Hongtai Group's opinions shall prevail to consolidate Hongtai Group's position as controlling shareholder in the company.
After the signing of this joint action agreement, Hongtai Group and its joint action parties will hold a total of 22.62% of the company's equity . Hongtai Group will become the controlling shareholder of the company, and the actual controller of Hongtai Group, the Hubei Provincial Department of Finance will become the actual controller of the company.
industrial master machine concept exploded again
East China CNC, Haitian Precision, etc. hit the daily limit
industrial master concept was active again during the session. As of the closing, Deen Precision rose 12.57%, East China CNC, Haitian Precision, and Yuhuan CNC hit the daily limit, and Huazhong CNC and Nanxing Co., Ltd. rose nearly 8%. It is worth noting that in the past 10 days, East China CNC has risen by nearly 50%, while Haitian Precision has risen by about 52%.
Haitian Seiko recently pointed out that after self-examination, no media reports or market rumors that may or have had a significant impact on the company's stock trading price have been found, nor have they involved market hot concepts. The company's current production and operation activities are normal. There was no major adjustment in the market environment and industry policies, no major fluctuations in production costs and sales, and the internal production and operation order was normal.
East China CNC announced that the company's current production and operation is normal and no major changes are expected.
Shouchuang Securities points out that industrial master machines are the basis for the development of high-end manufacturing, are at the core links of the manufacturing value chain and industrial chain, and are basic industries and strategic industries. From the perspective of industrial chain security, the current high-end CNC machine tool still relies on imports, and there is huge room for domestic substitution in the future.
Military industry sector rose
Parker New Materials hit a new high
Military industry sector fluctuated higher during the session. As of the close, Xinlei Energy rose 13.55%, Bishuang Technology and Mengsheng Electronics rose more than 12%, Shandong Huapeng, Xiyi Co., Ltd., Huihuang Technology , Guisheng Co., Ltd. , AVIC Heavy Machinery and others hit the daily limit. Parker New Materials rose nearly 7% to 161.95 yuan, setting a new historical high during the session.
According to statistics, as of October 21, 16 listed military companies have released their third quarter reports or performance forecasts for 2022, of which 14 companies' net profit attributable to shareholders in the first three quarters was more than 20%, and the industry maintained a rapid growth rate. Among them, the net profit attributable to shareholders of listed companies such as Shenglu Communications , Xiangdian Co., Ltd., Zhenhua Technology , Northern Navigation, Parker New Materials, Western Superconductor, and AVIC Heavy Machinery have increased by more than 50%, while the net profit attributable to shareholders of listed companies such as Zhongbing Hongjian, Tunan Co., Ltd., AVIC Control, Xingwang Yuda, Guangwei Composite Materials, and AVIC Shenfei have exceeded 20%.
Rushenglu Communications expects to achieve net profit attributable to shareholders of listed companies of RMB 183 million to RMB 198 million in the first three quarters, and increased by 1151.95%-1254.57% year-on-year; Xiangdian Co., Ltd. expects to achieve net profit attributable to shareholders of parent company of RMB 183 million to RMB 209 million in the first three quarters, a year-on-year increase of 141.3% to 175.58%; Parker New Materials achieved net profit attributable to shareholders of parent company of RMB 351 million in the first three quarters, a year-on-year increase of 64.51%; and achieved net profit attributable to shareholders of parent company of RMB 341 million after deducting non-recurring gains and losses of , a year-on-year increase of 70.76%.
photoresist concept is active
Tongcheng New Materials hit the daily limit
photoresist concept rose strongly. As of the close, Shiming Technology rose nearly 11%, Rongda Photosensitive rose more than 10%, Tongcheng New Materials hit the daily limit, Jingrui Electric Materials rose nearly 9%, and Nanda Photoelectric rose nearly 5%. In terms of the
industry, in recent years, the update speed of the electronic information industry has accelerated. In addition to the moving eastward of the semiconductor and display panel industries, domestic photoresist demand has increased rapidly. The scale of my country's photoresist market has increased from 10 billion yuan in 2015 to 17.6 billion yuan in 2020, with an average annual compound growth rate of 12%. According to estimates, the market size will reach 22.2 billion, 25 billion, 28.1 billion and 31.6 billion from 2022 to 2025, with a broad room for growth. The global photoresist market size increased from US$5.6 billion in 2010 to US$8.7 billion in 2020, with an average annual compound growth rate of 5%. It is estimated that it will reach US$9.8 billion, US$10.3 billion, US$10.9 billion and US$11.4 billion from 2022 to 2025, steadily increasing.
Guohai Securities pointed out that according to incomplete statistics, currently, the photoresist-related business revenue of domestic listed companies such as Jingrui Electric Materials that have achieved mass production of photoresist in 2021 reached 2.74 billion yuan, accounting for about 14% of the domestic market size and 5% of the global market size. There is a broad space for domestic substitution in both the domestic and global markets.
Editor: Ye Shuyun
Proofreading: Wang Jincheng
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Perishing series in-depth reports丨Stock Club Column丨Invest in Xiaohongshu丨e Company Survey丨Times Living Room丨Top Ten Stars Private Equity Interview丨National Day Consumer Visit丨Multiple stocks hit the daily limit! The concept of industrial mother machine exploded, and military industry, non-ferrous metals and other companies rose against the trend. There are also many stocks with good performance reports in the third quarter, which rose by more than 10% | 3.9%! The major data in the third quarter were released, and the economic growth rate stabilized and rebounded | The maximum drop of 37,000! Tesla officially announced a price cut, launching the "treasure box" point reward, Model Y "cold light silver" paint for free... The price cut of new energy vehicle companies is coming?丨Who is the dark horse in the third quarter report? Brokerage companies raised their individual stock performance expectations, with 33 stocks expected to rise more than 50%, and 11 stocks ratings were upgraded | Bank of Japan took action! 220 billion yuan intervenes in the yen exchange rate, and the bears are "bombed out"? South Korea promises 250 billion to save the market, and the US dollar plummeted. How did the stock market go?
