On February 20, the infrastructure sector pulled up. As of press time, Xugong Machinery rose by more than 9%, Sany heavy Industry by more than 8%, China Communications and Construction and Zoomlion Heavy Industry Science and Technology by more than 5%, China Construction by more than 4%, China Railway Construction Corporation and China Rallway by more than 3%.
In terms of building materials, gold cabinets rose by the limit, Sofia rose by more than 9%, Zhibang Furniture and Piano rose by more than 7%, and Gu Home and Mousse shares rose by more than 6%.
In terms of ETF, building materials ETF, building materials ETF Yifangda, capital construction 50ETF and infrastructure ETF increased by 4.27%, 3.75%, 3.58% and 3.52%, respectively.
On the news side, in terms of building materials, real estate sales in some second-tier cities have picked up recently, and data on consumer building materials and furniture are showing a positive growth trend.
In terms of infrastructure, a few days ago, heavy truck enterprises released production and sales data in January 2023, and the sales volume of some heavy truck enterprises rose month-on-month in January, and their market position was further consolidated and strengthened. The reporter recently communicated with a number of people in the construction machinery industry chain and learned that there was no significant increase in shipments in January compared with the same period last year, but the willingness of downstream customers to order has been enhanced, and orders in February are expected to be better than previously expected.
Industry insiders said that in 2023, with the help of factors such as the clear expectation of economic recovery, the increase of infrastructure investment and the elimination of old vehicles, the possibility of a rebound in heavy truck sales has gradually increased, and the development of the heavy truck industry is expected to pick up and is expected to gradually come out of the bottom.
In addition, recently, a number of major projects have been signed up all over the country, including infrastructure construction, and the investment scale of related projects is generally large.
According to statistics, as of February 12, 2023, the investment list of major projects has been issued in many places across the country, with a total investment of 21.5 trillion yuan and an annual planned investment of 3.36 trillion yuan. As of February 17, the cement operation rate was 32.50%, an increase of 18.56% compared with the same period after last year's festival. As of February 10, the cement shipping rate was 16.35%, an increase of 1.79% compared with the same period after last year's festival.
Specifically, on February 18, Huzhou, Zhejiang signed 99 projects involving more than 70 billion yuan; on the same day, 67 projects in Changzhou, Jiangsu Province signed a contract to start work, with a total investment of more than 50 billion yuan; on February 17, 129 projects were settled in Pingdu, Shandong Province, with a total investment of nearly 70 billion yuan.
Local concentrated contracts to start projects are generally focused on infrastructure construction with large investment scale.
For example, in terms of traditional infrastructure projects, Hangzhou, Zhejiang recently started a number of major projects in Shangcheng District, Xihu District, and Lin'an District, involving the construction of infrastructure such as schools, roads, parks, and so on, with a total planned investment of nearly 50 billion yuan. In the new infrastructure project, the construction of the big data Science and Technology City Mathematical Intelligence Center in Guiyang, Guizhou Province is in full swing, and strive to complete the main construction in the first half of the year to ensure that it will be put into use by the end of the year.
Guoxin Securities pointed out that positive real estate policies have been introduced since the fourth quarter, and with the acceleration of policy landing and implementation, the effect is expected to show gradually, while in the context of "steady growth", infrastructure is expected to continue to provide support. In the short term, the operation of enterprises in the third quarter has shown positive signals, although it is still in the off-season of the industry, with the gradual switching of the off-peak season after the beginning of spring, the fundamentals of the industry are expected to continue to improve, and as the inflection point of real estate fundamentals approaches, the plate is expected to usher in further repair; in the medium and long term, this round of adjustment has accelerated the industry reshuffle, the head enterprise Alpha certainty is high, long-term growth space and potential are still the same.
Galaxy Securities believes that real estate sales continued to improve after the Spring Festival. As of February 16, the number and area of commercial housing sales in 30 large and medium-sized cities increased by 5.55% and 6.78% respectively compared with the same period last year. The constraints of the epidemic have improved, the recovery of consumer demand has led to the recovery of offline passenger flow, and previously delayed demand is expected to be released. Home leader actively carry out marketing planning, the whole package content and performance-to-price ratio are further upgraded, the follow-up 315 household consumption performance is worth looking forward to. The industry is under pressure and continues to divide, the household leading household strategy continues to land, omni-directional layout to tap the potential of passenger consumption and enhance the competitiveness of passenger flow, resilience to achieve steady development, steady increase in market share.
Guohai Securities said that after the holiday, various localities strengthened the deployment of new infrastructure, introduced multiple policies to help infrastructure development, and started intensive major projects. At the same time, many places after the Lantern Festival have introduced a series of new measures to stabilize growth, expand domestic demand and promote consumption in order to continue the consumption momentum of the Spring Festival. In addition, according to the data of the National Information Center, market confidence is gradually recovering, and market demand and vitality are expected to further increase. The demand of the consumer building materials industry is expected to continue to increase, driving the recovery of the industry.
